11.
Quarterly Results of Operations (Unaudited)
(Dollars in thousands, except per share amounts)
Fiscal Quarters Ended
Year Ended
Fiscal 2002 (1)
May 26,
2001
August 25,
2001
November
24, 2001
February
23, 2002
February
23, 2002
Revenues . . . . . . . . . . . . . . . . . . .
$39,693
$ 36,828
$ 87,022
$ 96,091
$ 259,634
Income (loss) before income taxes
(6,295)
(5,528)
4,433
(6,207)
(13,598)
Net income (loss) . . . . . . . . . . . . .
(3,903)
(3,428)
2,584
(4,343)
(9,089)
Net income (loss) per common
share--Basic and Diluted . . . . .
$ (0.46)
$
(0.41)
$
0.31
$ (0.52)
$
(1.08)
Market price of shares outstanding
--market high . . . . . . . . . . . . . .
$
8.75
$
9.10
$
9.10
$
7.75
--market low . . . . . . . . . . . . . .
5.60
7.01
7.06
6.52
Fiscal Quarters Ended
Year Ended
Fiscal 2001 (1)
May 27,
2000
August 26,
2000
November
25, 2000
February
24, 2001
February
24, 2001
Revenues . . . . . . . . . . . . . . . . . . .
$41,973
$ 45,824
$ 104,137
$ 95,159
$ 287,094
Income (loss) before income taxes
(2,207)
(2,453)
9,097
(4,261)(2)
175(2)
Income (loss) before cumulative
effect . . . . . . . . . . . . . . . . . . . . .
(1,413)
(1,570)
5,122
(2,877)(2)
(738)(2)
Cumulative effect of accounting
change . . . . . . . . . . . . . . . . . . .
(640)
(640)
Net income (loss) . . . . . . . . . . . . .
(2,053)
(1,570)
5,122
(2,877)(2)
(1,378)(2)
Income (loss) per common share
before cumulative effect . . . . . .
$ (0.16)
$
(0.18)
$
0.59
$ (0.33)(2) $
(0.09)(2)
Cumulative effect per share . . . . .
$ (0.07)
$
(0.07)
Net income (loss) per common
share--Basic and Diluted . . . . .
$ (0.23)
$
(0.18)
$
0.59
$ (0.33)(2) $
(0.16)(2)
Market price of shares outstanding
--market high . . . . . . . . . . . . . .
$ 10.63
$
11.13
$
11.25
$
9.32
--market low . . . . . . . . . . . . . .
9.13
9.75
8.63
6.25
1. All periods reflect the adoption of SAB No. 101 and EITF No. 00-10; See Note 1.
2. See Note 15--Restructuring and Other Charges.
12.
Other Income
During the fourth quarter of fiscal 2000, the Company recorded a pretax gain of $665,000
($404,000 net of taxes), which resulted from the sale of stock received from the demutualization
of an insurance company and a pretax gain of $81,000 ($49,000 net of taxes) on the sale of
Company-owned land.
F-18
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)
L I L L I A N V E R N O N
