| Q1 2003 |
Fiscal Quarter Ended:
|
| |
January
25, 2003 |
January
26, 2002 |
| Statements of Operations: |
|
|
| |
|
|
| Revenues |
$117,834 |
$106,993 |
| Costs of
services |
97,463 |
86,990 |
| Gross
profit |
20,371 |
20,003 |
| Gross Margin
|
17.3% |
18.7% |
| Franchise
agents' share of gross profit |
3,412 |
3,130 |
| Selling
and administrative expenses |
15,888 |
17,761 |
| Restructuring
charges |
- |
1,896 |
| EBITDA |
1,071 |
(2,784) |
| Depreciation
and amortization |
1,281 |
1,516 |
| Operating
loss from continuing operations |
(210) |
(4,300) |
| Interest
expense |
465 |
467 |
| Interest
income |
(52) |
(112) |
| Loss from
continuing operations before income taxes |
(623) |
(4,655) |
| Provision
(benefit) for income taxes |
41 |
(2) |
| Net loss |
(348) |
(4,653) |
| Basic and
diluted earnings (loss) per share: |
|
|
| Continuing
operations |
(0.04) |
(0.29) |
| Discontinued
operations |
(0.02) |
- |
| Net loss |
(0.02) |
(0.29) |
| Weighted
average common shares outstanding - basic and diluted |
15,972 |
15,913 |
| |
|
|
| Balance
Sheet Highlights: |
January
25, 2003 |
November
2, 2002 |
| |
|
|
| Current
assets |
$81,024 |
$91,445 |
| Property
and equipment, net |
14,731 |
15,778 |
| Goodwill,
net |
12,131 |
12,034 |
| Other long-term
assets |
2,717 |
2,698 |
| Total
assets |
$110,603 |
$121,955 |
| Current
liabilities |
$40,506 |
$57,373 |
| Long term
liabilities |
30,986 |
25,632 |
| Total
liabilities |
71,492 |
83,005 |
| Stockholders'
equity |
39,111 |
38,950 |
| Total
liabilities and stockholders' equity |
$110,603 |
$121,955 |
|
|
