Note 14 - Unaudited Pro Forma Financial Information
The following unaudited pro forma financial information is presented as
if the acquisition of substantially all of the assets of Old William Lyon
Homes, as described further in Note 2, had occurred at the beginning of
the periods presented (in thousands, except per common share amounts):
| |
Year Ended December 31,
|
|
 |
| |
1999
|
1998
|
| Sales |
$
|
533,952
|
$
|
436,041
|
| Operating income |
$
|
47,637
|
$
|
15,413
|
| Income before income taxes and extraordinary item |
$
|
43,098
|
$
|
9,519
|
| Net income |
$
|
47,078
|
$
|
10,899
|
| Basic and diluted earnings per common share (1) |
$
|
4.51
|
$
|
1.04
|
(1) After adjustment for the retroactive effect of the merger with a wholly-owned
subsidiary and the conversion of each share of previously outstanding Series
A and Series B common stock into 0.2 common share of the surviving company
as described in Note 3.
|
