| |
Fiscal
Quarter Ended |
| |
January 26, 2002 |
January 20, 2001 |
% Change |
| Statements of Operations: |
|
|
|
| |
|
|
|
| Sales of services |
$ 106,908 |
$ 136,574 |
-21.7% |
| License fees |
85 |
484 |
-82.4% |
| Total sales of services
and license fees |
106,993 |
137,058 |
-21.9% |
| Costs of services |
86,990 |
109,638 |
-20.7% |
| Gross profit |
20,003 |
27,420 |
-27.0% |
| Gross margin |
18.7% |
20.0% |
|
| Franchise agents' share
of gross profit |
3,130 |
3,686 |
-15.1% |
| Selling and administrative
expenses |
17,761 |
20,229 |
-12.2% |
| Restructuring charges |
1,896 |
- |
|
| EBITDA |
(2,784) |
3,505 |
-179.4% |
| Depreciation and amortization |
1,516 |
1,842 |
-17.7% |
| Operating income (loss) |
(4,300) |
1,663 |
-358.6% |
| Operating margin |
-4.0% |
1.2% |
|
| Interest expense |
467 |
783 |
-40.4% |
| Interest income |
(112) |
(94) |
19.1% |
| Income (loss) before
income taxes |
(4,655) |
974 |
-577.9% |
| Provision (benefit)
for income taxes |
(2) |
390 |
-100.5% |
| Income from continuing
operations |
(4,653) |
584 |
-896.7% |
| Income from discontinued
operations, net of income taxes |
|
|
|
| Loss on disposal of
discontinued operations, net of income taxes |
|
|
|
| Net income (loss) |
$ (4,653) |
$ 584 |
-896.7% |
| Continuing operations |
$ (0.29) |
$ 0.04 |
|
| Discontinued operations |
$ - |
$ - |
|
| Basic and diluted earnings
per share: |
$ (0.29) |
$ 0.04 |
|
| Weighted average common
shares outstanding - basic |
15,913 |
15,819 |
|
| Weighted average common
shares outstanding - diluted |
15,913 |
15,820 |
|
| System Revenue: |
$ 108,151 |
$ 143,458 |
-24.6% |
| |
|
|
|
| Balance Sheet Highlights: |
January 26, 2002 |
November 3, 2001 |
|
| |
|
|
|
| Current assets |
$ 76,211 |
$ 88,058 |
|
| Property, plant &
equipment, net |
19,135 |
20,259 |
|
| Intangible assets |
13,157 |
13,181 |
|
| Other assets |
1,446 |
1,677 |
|
| Total assets |
$ 109,949 |
$ 123,175 |
|
| Current liabilities |
$ 63,110 |
$ 71,496 |
|
| Long term liabilities |
12,188 |
12,187 |
|
| Total liabilities |
75,298 |
83,683 |
|
| Stockholders' equity |
34,651 |
39,492 |
|
| Total liabilities and
stockholders' equity |
$ 109,949 |
$ 123,175 |
|
|
