| |
|
|
|
|
|
|
|
|
|
|
|
|
October 31, |
|
|
 |
|
|
2001 |
|
2000 |
|
|
|
|
|
| In thousands, except share and per share data |
|
|
|
|
| ASSETS |
| Current assets: |
| |
Cash and cash equivalents |
|
$ |
36,089 |
|
|
$ |
88,828 |
|
| |
Accounts receivable, less allowance of $40 at October 31, 2001 and 2000
|
|
|
724 |
|
|
|
478 |
|
| |
Inventories, net
|
|
|
4,665 |
|
|
|
2,726 |
|
| |
Current portion of restricted cash
|
|
|
— |
|
|
|
3,508 |
|
| |
Other current assets
|
|
|
771 |
|
|
|
380 |
|
|
|
|
|
|
| |
|
Total current assets |
|
|
42,249 |
|
|
|
95,920 |
|
| Property and equipment: |
| |
Land |
|
|
262 |
|
|
|
— |
|
| |
Equipment
|
|
|
30,252 |
|
|
|
25,175 |
|
| |
Leasehold improvements
|
|
|
14,207 |
|
|
|
13,681 |
|
| |
Furniture and fixtures
|
|
|
973 |
|
|
|
1,140 |
|
| |
Construction in progress
|
|
|
2,976 |
|
|
|
5,931 |
|
| |
New facility construction
|
|
|
5,205 |
|
|
|
— |
|
|
|
|
|
|
| |
|
|
53,875 |
|
|
|
45,927 |
|
| |
Accumulated depreciation and amortization |
|
|
(23,713 |
) |
|
|
(20,866 |
) |
|
|
|
|
|
| Net property and equipment |
|
|
30,162 |
|
|
|
25,061 |
|
| Investment in affiliate |
|
|
32 |
|
|
|
66 |
|
| Escrow for new facility |
|
|
10,000 |
|
|
|
— |
|
| Other assets
|
|
|
1,744 |
|
|
|
240 |
|
|
|
|
|
|
| |
|
Total assets |
|
$ |
84,187 |
|
|
$ |
121,287 |
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES AND STOCKHOLDERS’
EQUITY |
| Current liabilities: |
| |
Accounts payable |
|
$ |
1,348 |
|
|
$ |
1,764 |
|
| |
Accrued expenses |
|
|
4,949 |
|
|
|
9,228 |
|
|
|
|
|
|
| |
|
Total current liabilities |
|
|
6,297 |
|
|
|
10,992 |
|
| Long-term liabilities: |
| Long-term debt |
|
|
5,205 |
|
|
|
— |
|
| Deferred compensation |
|
|
1,792 |
|
|
|
1,785 |
|
|
|
|
|
|
| |
|
Total long-term liabilities |
|
|
6,997 |
|
|
|
1,785 |
|
| Commitments and contingencies |
|
|
— |
|
|
|
— |
|
| Stockholders’ equity: |
| |
Preferred stock, $0.01 par value, 30,000,000 shares authorized |
| |
Common stock: |
| |
|
Class A, $0.01 par value, 100,000,000 shares authorized, 25,225,083
and 24,937,995 shares issued and
outstanding at October 31, 2001
and 2000, respectively |
|
|
252 |
|
|
|
249 |
|
| |
|
Class B, $1.00 par value, 179 shares authorized, 117.7 shares issued
and outstanding |
|
|
— |
|
|
|
— |
|
| Capital in excess of par value |
|
|
383,570 |
|
|
|
372,149 |
|
| Contributed capital |
|
|
24,574 |
|
|
|
24,574 |
|
| Notes receivable |
|
|
(1,655 |
) |
|
|
(2,033 |
) |
| Accumulated deficit |
|
|
(335,848 |
) |
|
|
(286,429 |
) |
|
|
|
|
|
| |
|
Total stockholders’ equity |
|
|
70,893 |
|
|
|
108,510 |
|
|
|
|
|
|
| |
|
Total liabilities and stockholders’ equity |
|
$ |
84,187 |
|
|
$ |
121,287 |
|
|
|
|
|
|
|
|
|
|
|
|
