Year ended December
1
($ in thousands, except per share amounts) 2001 2000
R E S U LT S F O R T H E Y E A R:
Sales
2
$1,399,698 $1,194,356
Net income 8,829 25,378
Net income available to common stockholders 8,269 24,220
Net income per common share diluted .24 .72
Y E A R E N D S TAT U S:
Total assets 498,689 468,451
Total stockholders' equity
3
208,365 100,372
Working capital
4
84,018 58,006
The Companyûs fiscal year is a 52-week or 53-week period ending on the last Saturday in December. Fiscal years 2001 and 2000 consisted of
52 and 53 weeks, respectively.
As a result of EITF 01-09, ¦Accounting for Consideration Given by a Vendor to a Customer (Including a Reseller of the Vendorûs Products),² certain
expenses presently classified as selling, general and administrative expenses will be recorded as a reduction of sales beginning in the first quarter
of 2002. In accordance with this pronouncement, all prior periods will be reclassified on a retroactive basis. This retroactive reclassification will
have no effect on net income as previously reported.
The Company's redeemable convertible preferred stock was converted to common stock in the second quarter of 2001.
Certain reclassifications have been made to prior yearsû financial data to conform to the current year presentation.
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Forward