|
|
| FISCAL YEARS ENDED APRIL (DOLLARS [EXCEPT PER-SHARE AMOUNTS] |
 |
|
 |
| AND SHARES OUTSTANDING ARE IN THOUSANDS) |
|
|
2004 |
|
|
|
2003 |
|
|
2002 |
|
|
2001 |
|
|
2000 |
|
 |
|
|
|
| SUMMARY OF OPERATIONS: |
|
|
|
|
|
| Sales |
|
$ |
2,607,988 |
|
|
$ |
2,318,293 |
|
$ |
2,280,447 |
|
$ |
2,531,463 |
|
$ |
3,769,534 |
|
| Gross profit |
|
|
470,211 |
|
|
|
425,657 |
|
|
438,089 |
|
|
481,016 |
|
|
792,614 |
|
| Operating expenses |
|
|
433,488 |
|
|
|
453,863 |
|
|
508,727 |
|
|
587,939 |
|
|
630,438 |
|
| Impairment of goodwill and other, net |
|
|
(4,607 |
) |
|
|
(1,775 |
) |
|
19,765 |
|
|
200,286 |
|
|
(979 |
) |
| Operating income (loss) |
|
|
41,330 |
|
|
|
(26,431 |
) |
|
(90,403 |
) |
|
(307,209 |
) |
|
163,155 |
|
| Income (loss) from continuing operations |
|
|
(22,261 |
) |
|
|
(70,739 |
) |
|
(161,928 |
) |
|
(283,990 |
) |
|
83,494 |
|
| Net income (loss) |
|
|
(22,261 |
) |
|
|
(70,739 |
) |
|
(161,928 |
) |
|
(283,990 |
) |
|
83,494 |
|
| Earnings (loss) from continuing operations per share — diluted |
|
|
(.58 |
) |
|
|
(1.97 |
) |
|
(3.90 |
) |
|
(8.67 |
) |
|
2.41 |
|
| Earnings (loss) per share — diluted |
|
|
(.58 |
) |
|
|
(1.97 |
) |
|
(3.90 |
) |
|
(8.67 |
) |
|
2.41 |
|
FINANCIAL POSITION: |
|
|
|
|
|
| Total assets |
|
$ |
1,075,709 |
|
|
$ |
954,094 |
|
$ |
1,015,700 |
|
$ |
1,135,753 |
|
$ |
1,545,585 |
|
| Property, plant and equipment, net |
|
|
259,052 |
|
|
|
260,318 |
|
|
273,695 |
|
|
294,813 |
|
|
312,067 |
|
| Long-term debt |
|
|
102,159 |
|
|
|
2,357 |
|
|
8,741 |
|
|
3,676 |
|
|
80,000 |
|
| Convertible subordinated debentures |
|
|
272,791 |
|
|
|
403,905 |
|
|
403,905 |
|
|
296,392 |
|
|
296,392 |
|
| Shareholders' equity |
|
|
246,282 |
|
|
|
110,968 |
|
|
174,743 |
|
|
286,148 |
|
|
584,805 |
|
| Book value per share |
|
|
4.73 |
|
|
|
3.09 |
|
|
4.95 |
|
|
8.74 |
|
|
17.88 |
|
|
|
|
|
| OTHER STATISTICS: |
|
|
|
|
|
| Gross profit percentage |
|
|
18.0 |
% |
|
|
18.4 |
% |
|
19.2 |
% |
|
19.0 |
% |
|
21.0 |
% |
| Depreciation |
|
$ |
23,774 |
|
|
$ |
26,505 |
|
$ |
29,761 |
|
$ |
29,930 |
|
$ |
28,567 |
|
| Capital expenditures |
|
|
27,727 |
|
|
|
19,857 |
|
|
20,473 |
|
|
36,921 |
|
|
55,078 |
|
| Dividends declared |
|
|
— |
|
|
|
— |
|
|
2,621 |
|
|
15,059 |
|
|
24,957 |
|
| Dividends declared per common share |
|
|
— |
|
|
|
— |
|
|
.08 |
|
|
.46 |
|
|
.76 |
|
| Weighted average common shares — diluted |
|
|
38,357 |
|
|
|
35,869 |
|
|
33,942 |
|
|
32,755 |
|
|
39,194 |
|
| Approximate number of shareholders of record |
|
|
1,100 |
|
|
|
1,200 |
|
|
1,200 |
|
|
1,300 |
|
|
1,400 |
|
| Market price per share: |
|
|
|
|
|
| — High |
|
$ |
16.06 |
|
|
$ |
11.22 |
|
$ |
17.25 |
|
$ |
16.00 |
|
$ |
29.25 |
|
| — Low |
|
|
4.83 |
|
|
|
2.37 |
|
|
7.60 |
|
|
8.10 |
|
|
14.00 |
|
| — Close |
|
|
15.62 |
|
|
|
4.98 |
|
|
10.74 |
|
|
12.34 |
|
|
14.63 |
|
|
|
|
|
|
 |
|
 |
|
| FISCAL YEARS ENDED APRIL (DOLLARS [EXCEPT PER-SHARE AMOUNTS] |
| AND SHARES OUTSTANDING ARE IN THOUSANDS) |
|
|
1999 |
|
|
|
1998 |
|
|
1997 |
|
|
1996 |
|
|
1995 |
|
|
|
|
 |
| SUMMARY OF OPERATIONS: |
|
|
|
|
|
| Sales |
|
$ | 3,555,519 |
|
|
$ |
3,121,278 |
|
$ |
2,945,777 |
|
$ |
2,872,890 |
|
$ |
2,860,225 |
|
| Gross profit |
|
|
727,224 |
|
|
|
572,362 |
|
|
519,768 |
|
|
507,404 |
|
|
487,689 |
|
| Operating expenses |
|
|
536,913 |
|
|
|
402,167 |
|
|
380,209 |
|
|
375,872 |
|
|
365,460 |
|
| Impairment of goodwill and other, net |
|
|
649 |
|
|
|
285 |
|
|
772 |
|
|
5,142 |
|
|
700 |
|
| Operating income (loss) |
|
|
189,662 |
|
|
|
169,910 |
|
|
138,787 |
|
|
126,390 |
|
|
121,529 |
|
| Income (loss) from continuing operations |
|
|
107,121 |
|
|
|
108,545 |
|
|
90,052 |
|
|
69,901 |
|
|
75,998 |
|
| Net income (loss) |
|
|
107,121 |
|
|
|
108,545 |
|
|
124,830 |
|
|
79,609 |
|
|
84,633 |
|
| Earnings (loss) from continuing operations per share — diluted |
|
|
2.94 |
|
|
|
3.01 |
|
|
2.30 |
|
|
1.50 |
|
|
1.63 |
|
| Earnings (loss) per share — diluted |
|
|
2.94 |
|
|
|
3.01 |
|
|
3.19 |
|
|
1.71 |
|
|
1.82 |
|
FINANCIAL POSITION: |
|
|
|
|
|
| Total assets |
|
$ |
1,540,076 |
|
|
$ |
1,138,372 |
|
$ |
871,547 |
|
$ |
1,108,932 |
|
$ |
940,374 |
|
| Property, plant and equipment, net |
|
|
303,934 |
|
|
|
277,211 |
|
|
278,331 |
|
|
266,587 |
|
|
262,640 |
|
| Long-term debt |
|
|
55,000 |
|
|
|
55,000 |
|
|
55,000 |
|
|
80,000 |
|
|
— |
|
| Convertible subordinated debentures |
|
|
296,392 |
|
|
|
296,392 |
|
|
— |
|
|
— |
|
|
— |
|
| Shareholders' equity |
|
|
586,703 |
|
|
|
376,026 |
|
|
443,095 |
|
|
649,137 |
|
|
608,143 |
|
| Book value per share |
|
|
16.67 |
|
|
|
11.96 |
|
|
12.40 |
|
|
14.22 |
|
|
13.20 |
|
|
|
|
|
| OTHER STATISTICS: |
|
|
|
|
|
| Gross profit percentage |
|
|
20.5 |
% |
|
|
18.3 |
% |
|
17.6 |
% |
|
17.7 |
% |
|
17.1 |
% |
| Depreciation |
|
$ |
27,615 |
|
|
$ |
27,538 |
|
$ |
25,581 |
|
$ |
25,857 |
|
$ |
21,973 |
|
| Capital expenditures |
|
|
49,757 |
|
|
|
37,809 |
|
|
56,184 |
|
|
32,916 |
|
|
67,864 |
|
| Dividends declared |
|
|
24,672 |
|
|
|
23,744 |
|
|
24,408 |
|
|
27,551 |
|
|
25,778 |
|
| Dividends declared per common share |
|
|
.72 |
|
|
|
.68 |
|
|
.64 |
|
|
.60 |
|
|
.56 |
|
| Weighted average common shares — diluted |
|
|
40,171 |
|
|
|
36,933 |
|
|
39,162 |
|
|
46,469 |
|
|
46,531 |
|
| Approximate number of shareholders of record |
|
|
1,500 |
|
|
|
1,500 |
|
|
1,600 |
|
|
1,800 |
|
|
2,000 |
|
| Market price per share: |
|
|
|
|
|
| — High |
|
$ |
46.44 |
|
|
$ |
48.00 |
|
$ |
37.25 |
|
$ |
29.00 |
|
$ |
27.25 |
|
| — Low |
|
|
25.00 |
|
|
|
25.13 |
|
|
24.13 |
|
|
18.13 |
|
|
17.75 |
|
| — Close |
|
|
28.19 |
|
|
|
46.13 |
|
|
25.13 |
|
|
26.38 |
|
|
23.00 |
|
|
|
|
|
|
|
|
