ITEM 6.
SELECTED FINANCIAL DATA
Fiscal Years Ended
February 23,
2002
February 24,
2001
February 26,
2000
February 27,
1999
February 28,
1998(1)
Operating Results (000's)
Revenues (2) . . . . . . . . . . . . . . . . . . . . . . . $ 259,634 $ 287,094 $ 281,044 $ 296,384 $ 297,704
Income (loss) before income taxes . . . . .
(13,598)
175
10,350
5,079
14,740
Net income (loss)(2) . . . . . . . . . . . . . . . . .
(9,089)
(1,378)
6,289
3,139
9,728
Per Share
Net income (loss)--Basic (2) . . . . . . . . . . $
(1.08) $
(.16) $
.69 $
.34 $
1.02
Net income (loss)--Diluted . . . . . . . . . . .
(1.08)
(.16)
.69
.34
1.01
Book value . . . . . . . . . . . . . . . . . . . . . . . .
11.01
12.38
12.75
12.37
12.46
Dividends . . . . . . . . . . . . . . . . . . . . . . . . .
.28
.32
.32
.32
.29
Financial Position At Year End (000's)
Cash and cash equivalents . . . . . . . . . . . . $ 24,894 $ 34,180 $ 35,364 $ 31,834 $ 26,136
Working capital. . . . . . . . . . . . . . . . . . . . .
52,280
62,723
74,568
69,996
73,951
Total assets . . . . . . . . . . . . . . . . . . . . . . . .
120,757
139,749
141,318
138,206
144,359
Long-term obligations (3) . . . . . . . . . . . . .
--
--
--
--
1,394
Stockholders' equity . . . . . . . . . . . . . . . . .
91,413
106,973
114,378
113,264
116,839
Average shares outstanding (000's)
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8,389
8,740
9,128
9,221
9,532
Diluted. . . . . . . . . . . . . . . . . . . . . . . . . . . .
8,389
8,740
9,130
9,319
9,636
(1) Fiscal year 1998 contained 53 weeks.
(2) Effective February 27, 2000, the Company adopted the provisions of Staff Accounting Bulletin No. 101 "Revenue Recognition in
Financial Statements" ("SAB 101"). See Note 1 to the Consolidated Financial Statements. It is estimated that had SAB 101 been
adopted for Fiscal 1998, pro forma revenues, net income and earnings per share would have been $296,477, $9,578, and $1.00,
respectively, for the year ended February 28, 1998. Similarly, pro forma revenues, net income and earnings per share would
have been $297,104, $3,182, and $.35, respectively, for the year ended February 27, 1999 and $280,092, $6,161, and $.67
respectively, for the year ended February 26, 2000.
(3) Includes current installments and long-term portions of debt and capital lease obligations.
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L I L L I A N V E R N O N
