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Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
 |
Year Ended September 30, |
 |
 |
| |
|
2002 |
|
2001 |
|
2000 |
 |
 |
 |
 |
|
(In thousands, except per share data) |
|
| Net sales |
$1,436,547 |
$1,441,632 |
$1,463,288 |
| Cost of goods sold |
1,145,524 |
1,151,161 |
1,181,882 |
 |
 |
 |
 |
| |
| Gross profit |
291,023 |
290,471 |
281,406 |
| Selling, general and administrative expenses |
189,736 |
173,920 |
170,916 |
| Amortization of goodwill |
--- |
8,569 |
9,069 |
| Plant closing and other costs |
18,237 |
16,893 |
65,630 |
 |
 |
 |
 |
| |
| Income from operations |
83,050 |
91,089 |
35,791 |
| Interest expense |
(26,399) |
(35,042) |
(35,575) |
| Interest and other income |
456 |
530 |
418 |
| Loss from unconsolidated joint venture |
(318) |
(2,004) |
--- |
| Minority interest in income of consolidated subsidiary |
(2,971) |
(2,439) |
(4,980) |
 |
 |
 |
 |
| |
| Income (loss) before income taxes |
53,818 |
52,134 |
(4,346) |
| Provision for income taxes |
21,348 |
21,897 |
11,570 |
 |
 |
 |
 |
| |
Income (loss) before cumulative effect of a change in accounting principle |
32,470 |
30,237 |
(15,916) |
Cumulative effect of a change in accounting principle (net of $2,368 and $179 income taxes) |
(5,844) |
286 |
--- |
| |
 |
 |
 |
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| |
| Net income (loss) |
$ 26,626 |
$ 30,523 |
$ (15,916) |
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 |
 |
 |
 |
 |
 |
 |
 |
 |
| |
| Basic earnings (loss) per share |
$ 0.79 |
$ 0.92 |
$ (0.46) |
 |
 |
 |
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| |
| Diluted earnings (loss) per share |
$ 0.77 |
$ 0.91 |
$ (0.46) |
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 |
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 |
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 |
 |
 |
 |
 |
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 |
See accompanying notes.
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