|
|
|
January 3, |
December 28, |
(in
thousands, except share amounts) |
1999 |
1997 |
|
Assets |
|
Current
assets |
|
Cash and cash equivalents |
|
$ 15,190 |
|
$ 21,117 |
|
Investments in marketable equity securities |
|
71,676 |
|
3,366 |
|
Accounts receivable, net |
|
236,514 |
|
244,203 |
|
Federal and state income taxes |
|
35,395 |
|
-- |
|
Inventories |
|
20,154 |
|
19,213 |
|
Other current assets |
|
25,949 |
|
23,959 |
|
|
|
|
|
|
|
|
|
404,878 |
|
311,858 |
|
Property,
plant and equipment |
|
Buildings |
|
248,764 |
|
188,836 |
|
Machinery, equipment and fixtures |
|
977,710 |
|
800,435 |
|
Leasehold improvements |
|
50,556 |
|
39,017 |
|
|
|
|
|
|
|
|
|
1,277,030 |
|
1,028,288 |
|
|
Less accumulated depreciation |
|
(566,616) |
|
(577,445) |
|
|
|
|
|
|
|
|
|
710,414 |
|
450,843 |
|
Land |
|
41,191 |
|
33,953 |
|
Construction in progress |
|
89,457 |
|
168,954 |
|
|
|
|
|
|
|
|
|
841,062 |
|
653,750 |
|
Investments in
marketable equity securities |
|
184,440 |
|
-- |
|
Investments in
affiliates |
|
68,530 |
|
154,791 |
|
Goodwill
and other intangibles, less accumulated
|
|
amortization of $286,135 and $241,308 |
|
883,232 |
|
679,714 |
|
Prepaid pension cost |
|
256,134 |
|
194,137 |
|
Deferred charges
and other assets |
|
91,385 |
|
83,067 |
|
|
|
|
|
|
|
|
|
$2,729,661 |
|
$2,077,317 |
|
|
|
|
|
|
|
|
|
January 3, |
December 28, |
(in
thousands, except share amounts) |
1999 |
1997 |
|
Liabilities
and shareholders' equity |
|
Current
liabilities |
|
Accounts payable and accrued liabilities |
|
$ 245,068 |
|
$ 213,824 |
|
Federal and state income taxes |
|
-- |
|
18,352 |
|
Deferred subscription revenue |
|
85,649 |
|
80,186 |
|
Short-term borrowings |
|
58,362 |
|
296,394 |
|
|
|
|
|
|
|
|
|
|
|
389,079 |
|
608,756 |
|
Other liabilities |
|
261,896 |
|
241,234 |
|
Deferred income
taxes |
|
83,710 |
|
31,306 |
|
Long-term debt |
|
395,000 |
|
-- |
|
|
|
|
|
|
|
|
|
|
|
1,129,685 |
|
881,296 |
|
|
|
|
|
|
|
Commitments
and contingencies |
|
Redeemable
preferred stock, Series A, $1 par value, with |
|
|
|
|
|
a redemption and liquidation value of $1,000 per share;
23,000 shares authorized; 11,873 and 11,947 shares issued and outstanding |
|
11,873 |
|
11,947 |
|
Preferred stock,
$1 par value; 977,000 shares authorized, |
|
|
|
|
|
none issued |
|
-- |
|
-- |
|
Common
shareholders' equity |
|
Common stock |
|
|
Class A common stock, $1 par
value; 7,000,000 shares authorized; 1,739,250 shares issued and outstanding |
|
1,739 |
|
1,739 |
|
|
Class B common stock, $1 par
value; 40,000,000 shares authorized; 18,260,750 issued; 8,353,994 and 8,349,962 shares outstanding |
|
18,261 |
|
18,261 |
|
Capital in excess of par value |
|
46,199 |
|
33,415 |
|
Retained earnings |
|
2,597,217 |
|
2,231,341 |
| Accumulated other comprehensive income (loss), net of taxes |
|
|
Cumulative foreign currency translation
adjustment |
|
(1,600) |
|
(464) |
|
|
Unrealized gain on available-for-sale
securities |
|
41,980 |
|
31 |
|
Cost of 9,906,756 and 9,910,788 shares of Class B common stock held in treasury |
|
(1,115,693) |
|
(1,100,249) |
|
|
|
|
|
|
|
|
|
|
|
1,588,103 |
|
1,184,074 |
|
|
|
|
|
|
|
|
|
|
|
$2,729,661 |
|
$2,077,317 |
|
|
|
|
|
|
|
|
|