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Selected Financial Data
The following table provides selected financial data with respect to the consolidated statements of operations
of the Company for the fiscal five years ended March 31, 2001, and the consolidated balance sheets of the
Company at the end of each such year.
| SELECTED FINANCIAL DATA | Years ended March 31, | |||||||||
| (In thousands, except per share amounts) |
2001 |
2000 |
1999 |
1998 |
1997 |
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| Net sales(a) | $ 328,071 | $ 299,252 | $ 228,006 | $ 203,928 | $ 178,684 | |||||
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| (Loss) income from continuing operations | ||||||||||
| before income taxes |
(83,822 | ) | 11,508 | 24,294 | 20,153 | 16,620 | ||||
| (Benefit) provision for income taxes | (10,852 | ) | 4,373 | 9,704 | 8,162 | 6,898 | ||||
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| (Loss) income from continuing operations | (72,970 | ) | 7,135 | 14,590 | 11,991 | 9,722 | ||||
| Loss from discontinued operations | - | - | - | (924 | ) | (934 | ) | |||
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| (Loss) income before extraordinary charge | (72,970 | ) | 7,135 | 14,590 | 11,067 | 8,788 | ||||
| Extraordinary charge for refinancing of debt | - | (541 | ) | (781 | ) | - | - | |||
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| Net (loss) income | $ (72,970 |
) | $ 6,594 |
$ 13,809 |
$ 11,067 |
$ 8,788 |
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| Earnings (loss) per share: |
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| Basic: |
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| (Loss) income from continuing operations |
$ (11.83 |
) | $ 1.16 |
$ 2.33 |
$ 2.17 |
$ 1.92 |
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| Loss from discontinued operations |
- | - | - | (0.17 | ) | (0.18 | ) | |||
| Extraordinary charge for refinancing of debt |
- | (0.09 | ) | (0.12 | ) | - | - | |||
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| Net (loss) income per share | $ (11.83 |
) | $ 1.07 |
$ 2.21 |
$ 2.00 |
$ 1.74 |
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| Diluted: |
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| (Loss) income from continuing operations |
$ (11.83 |
) | $ 1.16 |
$ 2.30 |
$ 2.11 |
$ 1.87 |
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| Loss from discontinued operations |
- | - | - | (0.16 | ) | (0.18 | ) | |||
| Extraordinary charge for refinancing of debt |
- | (0.09 | ) | (0.12 | ) | - | - | |||
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| Net (loss) income per share | $ (11.83 |
) | $ 1.07 |
$ 2.18 |
$ 1.95 |
$ 1.69 |
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| Dividends declared and paid per share | $ 0.195 |
$ 0.26 |
$ 0.26 |
$ 0.26 |
$ 0.26 |
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| Total assets | $ 393,249 |
$ 482,755 | $ 279,720 | $ 236,073 | $ 199,136 | |||||
| Long-term debt | $ 1,055 |
(b) | $ 194,759 | $ 102,463 | $ 51,350 |
$ 67,516 |
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| Stockholders' equity | $ 51,875 |
$ 128,883 | $ 123,710 | $ 115,832 | $ 77,444 |
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| Book value per share | $ 8.40 |
$ 20.97 |
$ 20.25 |
$ 18.47 |
$ 15.40 |
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| Shares outstanding at year-end | 6,172 | 6,145 | 6,108 | 6,272 | 5,028 | |||||
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| (a) | In 2000, the Company acquired the Engineered Fasteners Division of Eaton Corporation, Ellison Holdings PLC and Ellison, Roettges  Co. GmbH. In 1999, the Company acquired the Aerospace Rivet Manufacturers Corporation and Norco.
In 1998, the Company acquired TCR Corporation. In 1997, the Company acquired the Pebra hose
clamp business. |
| (b) | Excluding callable debt of $271,307. |
| Market Price | ||||
| Quarter Ended | High | Low | Dividends | |
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| June 27, 1999 | $20 - 7/16 | $16 - 15/16 | $.065 | |
| September 26, 1999 | 19 - 3/4 | 11 - 5/8 | .065 |
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| December 26, 1999 | 12 - 5/16 | 8 - 1/8 | .065 |
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| March 31, 2000 | 15 - 3/16 | 10 - 1/2 | .065 |
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| July 2, 2000 | 14 - 11/16 |
8 - 7/16 | .065 |
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| October 1, 2000 | 11 - 3/8 |
6 - 1/8 | .065 |
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| December 31, 2000 | 7 - 5/16 |
2 - 7/8 | .065 |
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| March 31, 2001 | 6 - 3/4 |
3 - 3/4 | - |
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