Cannondale Bicycle Corp. Y2KQ2 Page 3
CANNONDALE CORPORATION AND SUBSIDIARIES
Condensed Consolidated Statements of Operations
(in thousands, except for per-share data)
Second
Second
Six Months
Six Months
Quarter
Quarter
Ended
Ended
Fiscal 2000
Fiscal 1999
Fiscal 2000
Fiscal 1999
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
Net sales
$41,150
$47,901
$77,159
$90,119
Cost of sales
28,662
31,719
54,398
59,333
Gross profit
12,488
16,182
22,761
30,786
Expenses:
Selling, general and administrative
9,603
10,326
18,951
20,868
Research and development
1,765
2,820
4,189
4,973
11,368
13,146
23,140
25,841
Operating income (loss)
1,120
3,036
(379)
4,945
Other income (expense):
Interest expense
(1,362)
(1,106)
(2,404)
(1,945)
Other income
513
255
734
391
(849)
(851)
(1,670)
(1,554)
Pretax income (loss)
271
2,185
(2,049)
3,391
Income tax (expense) benefit
383
(336)
1,218
(747)
Net income (loss)
$ 654
$ 1,849
$ (831)
$ 2,644
Diluted income (loss) per share
$ .09
$ .24
$ (.11)
$ .34
Weighted average common and
common equivalent shares outstanding
7,626
7,575
7,492
7,709
Basic income (loss) per share
$ .09
$ .25
$ (.11)
$ .35
Weighted average common
shares outstanding
7,492
7,449
7,492
7,565
