C O N S O L I D AT E D B A L A N C E S H E E T
($ in thousands, except per share amounts) Dec. 29, 2001 Dec. 30, 2000
A SS E T S
Current assets:
Cash and cash equivalents $ 1,650 $ 2,721
Trade accounts receivable, net of allowance for doubtful
accounts of $1,024 in 2001 and $2,611 in 2000 89,721 77,310
Other accounts receivable
1
16,116 17,702
Inventories 81,298 68,801
Deferred income taxes 3,547 4,584
Prepaid expenses and other 8,849 6,950
Total current assets 201,181 178,068
Property, plant and equipment, net 198,565 190,833
Goodwill, distribution rights and other intangibles, net 94,468 92,892
Other assets
1
4,475 6,658
Total assets $ 498,689 $468,451
L I A B I L I T I E S A N D S T O C K H O L D E R S " E Q U I T Y
Current liabilities:
Accounts payable and accrued liabilities $ 91,794 $ 80,260
Accrued payroll and employee benefits 25,369 24,759
Current portion of long-term debt 15,043
Total current liabilities 117,163 120,062
Long-term debt, less current portion 148,671 121,214
Deferred income taxes 24,490 26,263
Total liabilities 290,324 267,539
Commitments and contingencies
Redeemable convertible preferred stock
2
, $1 par value ¬ no shares and 1,008,000
shares authorized, issued and outstanding in 2001 and 2000, respectively 100,540
Stockholders" equity:
Preferred stock, $1 par value ¬ 10,000,000 shares and 8,992,000 shares
authorized, no shares issued or outstanding in 2001 and 2000, respectively
Common stock
2
, $1 par value ¬ 60,000,000 shares authorized;
34,461,000 shares and 28,268,000 shares issued and outstanding
in 2001 and 2000, respectively 34,461 28,268
Capital in excess of par
2
160,103 58,396
Notes receivable from stockholders (2,546) (2,284)
Retained earnings 16,347 15,992
Total stockholders" equity 208,365 100,372
Total liabilities and stockholders" equity $ 498,689 $468,451
Certain reclassifications have been made to prior years" financial data to conform to the current year presentation.
The Company"s redeemable convertible preferred stock was converted to common stock in the second quarter of 2001.
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2
Forward