TESSCO TECHNOLOGIES

 

TESSCO TECHNOLOGIES 2003

 

Annual Report

TABLE OF CONTENTS:  




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Item 8. Consolidated Financial Statements and Supplementary Data.

Consolidated Statements of Changes in Shareholders' Equity


COMMON STOCK ADDITIONAL TREASURY RETAINED TOTAL
SHAREHOLDERS'
SHARES AMOUNT PAID-IN CAPITAL STOCK EARNINGS EQUITY

Balance at March 26, 2000 4,464,085     $ 47,700     $ 21,283,600       $ (3,710,600)   $ 23,461,500     $ 41,082,200      
Net proceeds from issuance of stock 31,192     300     414,000       (82,000)   ---     332,300      
Tax benefit of option exercises ---     ---     50,700       ---     ---     50,700      
Net income ---     ---     ---       ---     5,274,000     5,274,000      

Balance at April 1, 2001 4,495,277     48,000     21,748,300       (3,792,600)   28,735,500     46,739,200      
Net proceeds from issuance of stock 13,208     200     162,100       ---     ---     162,300      
Net income ---     ---     ---       ---     3,905,900     3,905,900      

Balance at March 31, 2002     48,200     21,910,400       (3,792,600)   32,641,400     50,807,400      
Net proceeds from issuance of stock 12,645     100     129,700       ---     ---     129,800      
Net income ---     ---     ---       ---     3,048,600     3,048,600      

Balance at March 30, 2003 4,521,130     $ 48,300     $ 22,040,100       $ (3,792,600)     $ 35,690,000     $ 53,985,800      


The accompanying Notes to these Consolidated Financial Statements are an integral part of these consolidated statements.




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