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FISCAL YEARS ENDED |
MARCH 31, 2002 |
APRIL 1, 2001 |
MARCH 26, 2000 |
MARCH 28, 1999 |
MARCH 29, 1998 |
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Statement of Income Data |
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Revenues |
$248,915,100 |
$258,769,800 |
$196,830,300 |
$160,582,200 |
$131,658,200 |
Costs of goods sold |
180,432,600 |
188,271,200 |
142,523,000 |
118,535,300 |
95,858,800 |
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Gross profit |
68,482,500 |
70,498,600 |
54,307,300 |
42,046,900 |
35,799,400 |
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Selling, general and administrative expenses |
60,596,500 |
59,953,000 |
44,027,400 |
42,046,900 |
35,799,400 |
Asset impairment and restructuring charge |
-- |
-- |
-- |
831,000 |
-- |
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Income from operations |
7,886,000 |
10,545,600 |
10,279,900 |
4,422,400 |
6,137,200 |
Interest and other expense, net |
1,496,100 |
2,039,100 |
1,340,300 |
1,240,800 |
712,600 |
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Income before provision for income taxes |
6,389,900 |
8,506,500 |
8,939,600 |
3,181,600 |
5,424,600 |
Provision for income taxes |
2,484,000 |
3,232,500 |
3,397,000 |
1,209,200 |
2,049,000 |
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Net income |
$3,905,900 |
$5,274,000 |
$5,542,600 |
$1,972,400 |
$3,375,600 |
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Diluted earnings per share |
$0.85 |
$1.13 |
$1.20 |
$0.43 |
$0.73 |
Diluted weighted average shares outstanding |
4,575,900 |
4,682,600 |
4,599,500 |
4,600,100 |
4,610,300 |
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Growth Rates |
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Revenues |
(3.8%) |
31.5% |
22.6% |
22.0% |
(10.5%) |
Gross profit |
(2.9%) |
29.8% |
29.2% |
17.5% |
(3.9%) |
Income from operations |
(25.2%) |
2.6% |
132.5% |
(27.9%) |
(21.1%) |
Net income |
(25.9%) |
(4.8%) |
181.0% |
(41.6%) |
(19.2%) |
Diluted earnings per share |
(24.8%) |
(5.8%) |
179.1% |
(41.1%) |
(18.0%) |
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Ratios |
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Return on average shareholders' equity |
8.0% |
12.0% |
14.5% |
5.7% |
10.8% |
Average inventory turnover |
5.1 |
5.9 |
5.4 |
5.9 |
5.4 |
Average accounts receivable turnover |
9.3 |
9.6 |
8.4 |
9.1 |
8.1 |
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Selected Operating Data |
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Average commercial buyers per month |
8,900 |
8,700 |
8,000 |
7,500 |
7,000 |
Average consumer buyers per month |
13,600 |
15,600 |
14,100 |
12,200 |
3,700 |
Total orders shipped |
772,000 |
760,000 |
645,000 |
426,500 |
302,000 |
Revenues per employee |
$471,400 |
$493,800 |
$507,300 |
$462,100 |
$454,000 |
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Balance Data Sheet |
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Working capital |
$31,156,600 |
$30,826,100 |
$28,232,100 |
$23,050,700 |
$22,270,100 |
Total assets |
100,229,300 |
87,413,500 |
84,443,100 |
63,062,400 |
59,926,900 |
Short-term debt |
5,785,800 |
10,356,500 |
6,194,900 |
4,690,200 |
294,000 |
Long-term debt |
6,063,400 |
6,441,200 |
6,795,800 |
7,128,700 |
7,441,400 |
Shareholders' equity |
50,807,400 |
46,739,200 |
41,082,200 |
35,456,700 |
33,391,500 |
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