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Item 8. Consolidated Financial Statements and Supplementary Data.
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FISCAL YEARS ENDED |
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MARCH 30, 2003 |
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MARCH 31, 2002 |
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APRIL 1, 2001 |
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Revenues |
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$ 273,913,400 |
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$ 248,915,100 |
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$ 258,769,800 |
Cost of goods sold |
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202,598,700 |
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180,432,600 |
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188,271,200 |
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Gross profit |
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71,314,700 |
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68,482,500 |
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70,498,600 |
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Selling, general and administrative expenses |
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66,264,800 |
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60,596,500 |
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59,953,000 |
Benefit from insurance proceeds |
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(1,212,500) |
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--- |
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--- |
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Income from operations |
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6,262,400 |
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7,886,000 |
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10,545,600 |
Interest and other expense, net |
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1,303,600 |
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1,496,100 |
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2,039,100 |
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Income before provision for income taxes |
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4,958,800 |
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6,389,900 |
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8,506,500 |
Provision for income taxes |
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1,910,200 |
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2,484,000 |
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3,232,500 |
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Net income |
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$ 3,048,600 |
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$ 3,905,900 |
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$ 5,274,000 |
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Basic earnings per share |
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$ 0.68 |
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$ 0.87 |
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$ 1.17 |
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Diluted earnings per share |
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$ 0.67 |
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$ 0.85 |
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$ 1.13 |
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Basic weighted average shares outstanding |
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4,514,500 |
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4,500,800 |
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4,494,800 |
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Diluted weighted average shares outstanding |
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4,525,600 |
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4,575,900 |
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4,682,600 |
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The accompanying Notes to these Consolidated Financial Statements are an integral part of these consolidated statements.
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