|
March 31, |
| ASSETS |
2001 |
2000 |
|
| CURRENT ASSETS: |
| Cash and cash equivalents |
$ 1,964 |
|
$ 3,350 |
|
Accounts receivable (net of allowance for doubtful accounts of
$1,529 and $1,129 in 2001 and 2000, respectively) |
58,581 |
|
61,819 |
|
| Inventories |
61,346 |
|
65,744 |
|
| Prepaid expenses and other current assets |
1,839 |
|
1,902 |
|
| Income tax receivable |
5,600 |
|
40 |
|
| Deferred income taxes |
1,512 |
|
1,872 |
|
|
| Total current assets |
130,842 |
|
134,727 |
|
|
| PROPERTY: |
| Land |
13,210 |
|
14,320 |
|
| Buildings |
28,412 |
|
29,933 |
|
| Machinery and equipment |
93,654 |
|
93,725 |
|
| Furniture and fixtures |
10,963 |
|
11,587 |
|
| Leasehold improvements |
3,587 |
|
3,503 |
|
|
| Total |
149,826 |
|
153,068 |
|
| Less accumulated depreciation and amortization |
68,572 |
|
47,048 |
|
|
| Property-net |
81,254 |
|
106,020 |
|
|
| OTHER ASSETS: |
| Notes receivable |
61 |
|
3,455 |
|
Costs in excess of net assets of acquired businesses (net of accumulated amortization
of $15,589 and $10,933 in 2001 and 2000, respectively) |
139,793 |
|
192,115 |
|
Patents and trademarks (net of accumulated amortization of $2,310 and $1,334
in 2001 and 2000, respectively) |
16,902 |
|
20,809 |
|
| Deferred income taxes |
11,360 |
|
9,987 |
|
| Other |
13,037 |
|
15,642 |
|
|
| Total other assets |
181,153 |
|
242,008 |
|
|
| TOTAL |
$ 393,249 |
|
$ 482,755 |
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
| CURRENT LIABILITIES: |
| Callable long-term debt |
$ 271,307 |
|
$ - |
|
| Current portion of long-term debt |
88 |
|
82,585 |
|
| Accounts payable - trade |
20,067 |
|
25,550 |
|
| Accrued compensation |
10,295 |
|
10,359 |
|
| Accrued income taxes |
3,194 |
|
5,799 |
|
| Other current liabilities |
16,734 |
|
8,672 |
|
|
| Total current liabilities |
321,685 |
|
132,965 |
|
|
| LONG-TERM DEBT PAYABLE TO BANKS AND OTHERS |
1,055 |
|
194,759 |
|
|
| DEFERRED INCOME TAXES |
5,298 |
|
11,873 |
|
|
| OTHER LONG-TERM LIABILITIES |
13,336 |
|
14,275 |
|
|
| COMMITMENTS AND CONTINGENCIES (Notes 12 and 13) |
|
|
| STOCKHOLDERS' EQUITY: |
|
Preferred stock - authorized, 300,000 shares; none issued
Common stock - authorized, 14,700,000 shares of $.01 par value, issued,
6,718,614 and 6,691,232 shares in 2001 and 2000, respectively |
67 |
|
67 |
|
| Additional paid-in capital |
78,091 |
|
77,587 |
|
| Notes receivable from officers |
(191 |
) |
- |
|
| (Accumulated deficit) retained earnings |
(10,446 |
) |
63,722 |
|
| Accumulated other comprehensive loss |
(6,323 |
) |
(3,157 |
) |
| Unearned compensation |
(253 |
) |
(267 |
) |
|
|
60,945 |
|
137,952 |
|
| Less treasury stock, at cost - 546,428 and 546,394 shares in 2001 and 2000, respectively |
(9,070 |
) |
(9,069 |
) |
|
| Total stockholders' equity |
51,875 |
|
128,883 |
|
|
| TOTAL |
$ 393,249 |
|
$ 482,755 |
|
|
See notes to consolidated financial statements. |
