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Consolidated Statements of Shareholders' Equity
Accumulated
Common Stock Additional Other Total
------------------ Paid-In Retained Comprehensive Shareholders'
Shares Amount Capital Earnings Income (Loss) Equity
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(in thousands, except for share data)
Balance at January 1, 1997 314,196 $ 7,892 $ - $ 14,492 $ - $ 22,384
Net income and comprehensive income - - - 5,344 - 5,344
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Balance at December 31, 1997 314,196 7,892 - 19,836 - 27,728
Net income - - - 7,446 - 7,446
Adjustment in minimum pension liability - - - - (1,294) (1,294)
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Comprehensive income (loss) - - - 7,446 (1,294) 6,152
Issuance of shares for conversion of GFP
no par value common stock to Sypris
$.01 par value common stock 8,027,813 (7,808) 7,808 - - -
Issuance of shares for conversion of
redeemable common stock to Sypris
$.01 par value common stock 205,074 2 661 38 - 701
Issuance of shares for acquisition of
minority interests in subsidiaries 893,822 9 3,560 - - 3,569
Excess of fair value of common stock
issued over net assets acquired - - 11,169 - - 11,169
Exercise of stock options 9,688 - 40 - - 40
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Balance at December 31, 1998 9,450,593 95 23,238 27,320 (1,294) 49,359
Net income - - - 9,556 - 9,556
Adjustment in minimum pension liability - - - - 1,221 1,221
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Comprehensive income - - - 9,556 1,221 10,777
Issuance of shares under Employee
Stock Purchase Plan 15,600 - 99 - - 99
Exercise of stock options 123,021 1 584 - - 585
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Balance at December 31, 1999 9,589,214 $ 96 $ 23,921 $ 36,876 $ (73) $ 60,820
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The accompanying notes are an integral part of the consolidated financial statements.
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Management's Discussion and Analysis of Financial Consolidated Income Statements Consolidated Statements of Cash Flows Notes to Consolidated Financial Statements 1 Notes to Consolidated Financial Statements 2 |
Financial Summary |