Annual Report Form 10-K
    
PART II
ITEM 8: CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 9. PROFIT-SHARING PLAN

The Company has a 401(k) profit-sharing plan that covers all eligible employees. Contributions to the plan are made at the discretion of the Company's Board of Directors. Profit-sharing plan expense was $75,300, $76,800 and $53,200 during fiscal years 2001, 2000 and 1999, respectively. As of April 1, 2001, plan assets included 24,849 shares of Common Stock of the Company.

The Company maintains a non-qualified deferred compensation plan that covers directors and certain executives as determined by the Board of Directors. Contributions to the plan may be made at the discretion of the Company's Board of Directors, however, the Company has made no contributions to the plan as of April 1, 2001. All plan assets are held in an irrevocable rabbi trust. These assets and the related liabilities are included in other long-term assets and other long-term liabilities on the Company's Consolidated Balance Sheets.

The Company maintains a Supplemental Executive Retirement Plan for Robert B. Barnhill, Jr., Chairman, President and CEO of the Company. According to the plan, Mr Barnhill will receive an annual benefit upon retirement. This plan is funded through a life insurance policy for which the Company is the sole beneficiary. The cash surrender value of the life insurance policy and the net present value of the benefit obligation are included in other long-term assets and other long-term liabilities on the Company's Consolidated Balance Sheets.