TESSCO TECHNOLOGIES

 

TESSCO TECHNOLOGIES 2002

 

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 28, 1999 4,438,121     $ 47,000     $ 20,598,400       $ (3,107,600)     $ 17,918,900     $ 35,456,700      
Net proceeds from issuance of stock 25,964     700     677,600       (603,000)     --     75,300      
Tax benefit of option exercises --     --     7,600       --     --     7,600      
Net income --     --     --       --     5,542,600     5,542,600      

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 4,508,485     $ 48,200     $ 21,910,400       $ (3,792,600)     $ 32,641,400     $ 50,807,400      


The accompanying Notes to the Consolidated Financial Statements are an integral part of these consolidated balance sheets.




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