| Second Quarter 2002
Financial Table |
| |
Fiscal
Quarter Ended |
| |
April
20, 2002 |
April
14, 2001 |
%
Change |
|
|
|
|
Sales
of services |
$ 109,608 |
$ 127,144 |
-13.8% |
License
fees |
68 |
365 |
-81.4% |
Total sales of services and license fees |
109,676 |
127,509 |
-14.0% |
Costs
of services |
89,049 |
101,446 |
-12.2% |
Gross
profit |
20,627 |
26,063 |
-20.9% |
Gross margin |
18.8% |
20.4% |
|
Franchise
agents' share of gross profit |
3,339 |
3,534 |
-5.5% |
Selling
and administrative expenses |
17,152 |
19,417 |
-11.7% |
EBITDA |
136 |
3,112 |
-95.6% |
Depreciation
and amortization |
1,577 |
1,855 |
-15.0% |
Operating
income (loss) from continuing operations |
(1,441) |
1,257 |
-214.6% |
Interest
expense |
368 |
614 |
-40.1% |
Interest
income |
(104) |
(215) |
-51.6% |
Income
(loss) from continuing operations before income taxes |
(1,705) |
858 |
-298.7% |
Provision
for income taxes |
32 |
343 |
-90.7% |
Income
(loss) from continuing operations |
(1,737) |
515 |
-437.3% |
Income
from discontinued operations, net of income taxes |
|
|
|
Loss
on disposal of discontinued operations, net of income
taxes |
|
(1,794) |
|
Net
loss |
$ (1,737) |
$ (1,279) |
-35.8% |
Basic
and diluted earnings per share: |
|
|
|
Continuing operations |
$ (0.11) |
$ 0.03 |
|
Discontinued operations |
$ - |
$ (0.11) |
|
Net loss |
$ (0.11) |
$ (0.08) |
|
Weighted
average common shares outstanding - basic |
15,945 |
15,864 |
|
Weighted
average common shares outstanding - diluted |
15,945 |
15,869 |
|
|
|
|
|
|
$ 110,676 |
$ 132,066 |
-16.2% |
| |
|
|
|
| |
|
|
|
| |
24
Weeks Ended |
| |
April
20, 2002 |
April
14, 2001 |
%
Change |
| |
|
|
|
Sales
of services |
$ 216,516 |
$ 263,718 |
-17.9% |
License
fees |
153 |
849 |
-82.0% |
Total sales of services and license fees |
216,669 |
264,567 |
-18.1% |
Costs
of services |
176,039 |
211,084 |
-16.6% |
Gross
profit |
40,630 |
53,483 |
-24.0% |
Gross margin |
18.8% |
20.2% |
|
Franchise
agents' share of gross profit |
6,468 |
7,220 |
-10.4% |
Selling
and administrative expenses |
34,913 |
39,646 |
-11.9% |
Restructuring
charges |
1,896 |
|
|
EBITDA |
(2,647) |
6,617 |
-140.0% |
Depreciation
and amortization |
3,094 |
3,697 |
-16.3% |
Operating
income (loss) from continuing operations |
(5,741) |
2,920 |
-296.6% |
Interest
expense |
835 |
1,397 |
-40.2% |
Interest
income |
(216) |
(309) |
-30.1% |
Income
(loss) from continuing operations before income taxes |
(6,360) |
1,832 |
-447.2% |
Provision
for income taxes |
30 |
733 |
-95.9% |
Income
(loss) from continuing operations |
(6,390) |
1,099 |
-681.4% |
Income
from discontinued operations, net of income taxes |
|
- |
|
Loss
on disposal of discontinued operations, net of income
taxes |
|
(1,794) |
|
Net
loss |
$ (6,390) |
$ (695) |
-819.4% |
Basic
and diluted earnings per share: |
|
|
|
Continuing operations |
$ (0.40) |
$ 0.07 |
|
Discontinued operations |
$ - |
$ (0.11) |
|
Net loss |
$ (0.40) |
$ (0.04) |
|
Weighted
average common shares outstanding - basic |
15,929 |
15,842 |
|
Weighted
average common shares outstanding - diluted |
15,929 |
15,844 |
|
| |
|
|
|
|
$ 218,827 |
$ 275,523 |
-20.6% |
|
|
|
|
| |
|
|
|
| |
April
20, 2002 |
November
3, 2001 |
| |
|
|
|
Current
assets |
$ 78,093 |
$ 88,058 |
|
Property,
plant & equipment, net |
18,158 |
20,259 |
|
Intangible
assets |
12,972 |
13,181 |
|
Other
assets |
1,502 |
1,677 |
|
Total assets |
$ 110,725 |
$ 123,175 |
|
Current
liabilities |
$ 65,125 |
$ 71,496 |
|
Long
term liabilities |
12,161 |
12,187 |
|
Total liabilities |
77,286 |
83,683 |
|
Stockholders'
equity |
33,439 |
39,492 |
|
Total liabilities and stockholders' equity |
$ 110,725 |
$ 123,175 |
|
|
