PART II
ITEM 8: CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
CONSOLIDATED STATEMENTS OF INCOME
 |
|
FISCAL YEARS ENDED
|
APRIL 1, 2001
|
MARCH 26, 2000
|
MARCH 28, 1999
| |
|
Revenues
|
$
|
258,769,800
|
$
|
196,830,300
|
$
|
160,582,200
|
|
Cost of goods sold
|
|
188,271,200
|
|
142,523,000
|
|
118,535,300
| |
|
Gross profit
|
|
70,498,600
|
|
54,307,300
|
|
42,046,900
| |
|
Selling, general and administrative expenses
|
|
59,953,000
|
|
44,027,400
|
|
36,793,500
|
|
Asset impairment and restructuring charge
|
|
-
|
|
-
|
|
831,000
| |
|
Total operating expenses
|
|
59,953,000
|
|
44,027,400
|
|
37,624,500
| |
|
Income from operations
|
|
10,545,600
|
|
10,279,900
|
|
4,422,400
|
|
Interest and other expense, net
|
|
2,039,100
|
|
1,340,300
|
|
1,240,800
| |
|
Income before provision for income taxes
|
|
8,506,500
|
|
8,939,600
|
|
3,181,600
|
|
Provision for income taxes
|
|
3,232,500
|
|
3,397,000
|
|
1,209,200
| |
|
Net income
|
$
|
5,274,000
|
$
|
5,542,600
|
$
|
1,972,400
| |
|
Basic earnings per share
|
$
|
1.17
|
$
|
1.24
|
$
|
0.45
| |
|
Diluted earnings per share
|
$
|
1.13
|
$
|
1.20
|
$
|
0.43
| |
|
Basic weighted average shares outstanding
|
|
4,494,800
|
|
4,472,500
|
|
4,420,200
| |
|
Diluted weighted average shares outstanding
|
|
4,682,600
|
|
4,599,500
|
|
4,600,100
| |
The accompanying Notes to the Consolidated Financial
Statements are an integral part of these consolidated balance sheets.
|
