|
Years ended March 31, |
|
2001 |
2000 |
1999 |
|
| Net sales |
$ 328,071 |
|
$ 299,252 |
|
$ 228,006 |
|
| Cost of sales |
239,517 |
|
209,949 |
|
156,090 |
|
| Plant consolidation charge |
2,113 |
|
991 |
|
- |
|
|
| Gross profit |
86,441 |
|
88,312 |
|
71,916 |
|
| General, administrative and selling expenses |
59,617 |
|
53,447 |
|
46,552 |
|
| Interest expense |
34,420 |
|
19,945 |
|
6,938 |
|
| Interest income |
(114 |
) |
(518 |
) |
(412 |
) |
| Other income - net |
(1,747 |
) |
(624 |
) |
(6,362 |
) |
| Allowance on notes receivable |
- |
|
- |
|
906 |
|
| Provision for plant consolidation |
- |
|
4,554 |
|
- |
|
| Provision for impairment of business unit assets |
67,879 |
|
- |
|
- |
|
| Provision for impairment of corporate assets |
10,208 |
|
- |
|
- |
|
|
| (Loss) income before income taxes and extraordinary charge |
(83,822 |
) |
11,508 |
|
24,294 |
|
| (Benefit) provision for income taxes |
(10,852 |
) |
4,373 |
|
9,704 |
|
|
| (Loss) income before extraordinary charge |
(72,970 |
) |
7,135 |
|
14,590 |
|
Extraordinary charge for refinancing of debt (net of applicable
tax benefits of $339 and $532 for 2000 and 1999, respectively) |
- |
|
(541 |
) |
(781 |
) |
|
| Net (loss) income |
$ (72,970 |
) |
$ 6,594 |
|
$ 13,809 |
|
|
| Earnings (loss) per share: |
| Basic: |
| (Loss) income before extraordinary charge |
$ (11.83 |
) |
$ 1.16 |
|
$ 2.33 |
|
| Extraordinary charge for refinancing of debt |
- |
|
(0.09 |
) |
(0.12 |
) |
|
| Net (loss) income per share |
$ (11.83 |
) |
$ 1.07 |
|
$ 2.21 |
|
|
| Diluted: |
| (Loss) income before extraordinary charge |
$ (11.83 |
) |
$ 1.16 |
|
$ 2.30 |
|
| Extraordinary charge for refinancing of debt |
- |
|
(0.09 |
) |
(0.12 |
) |
|
| Net (loss) income per share |
$ (11.83 |
) |
$ 1.07 |
|
$ 2.18 |
|
|
| Weighted - average basic shares outstanding |
6,167,000 |
|
6,139,000 |
|
6,249,000 |
|
| Weighted - average diluted shares outstanding |
6,167,000 |
|
6,150,000 |
|
6,341,000 |
|
See notes to consolidated financial statements. |
