 |
News Releases
2006 / 2005 / 2004 / 2003 / 2002 / 2001 / 2000
| Q4 2003 |
Fiscal Quarter Ended
|
| |
November 1, 2003 |
November 2, 2002 |
| Statements of Operations: |
|
|
| Revenues |
$178,875 |
$179,480 |
| Costs of services |
149,228 |
146,829 |
| Gross profit |
29,647 |
32,651 |
| Gross margin |
16.6% |
18.2% |
| Franchise agents' share of gross profit |
5,927 |
5,509 |
| Selling and administrative expenses |
21,128 |
23,492 |
| Depreciation and amortization |
1,593 |
2,026 |
| Impairment of intangible assets |
|
116 |
| Arbitration award |
950 |
|
| |
|
|
| Operating income |
49 |
1,508 |
| Interest expense |
567 |
682 |
| Interest income |
(46) |
(92) |
| Income (loss) before income taxes |
(472) |
918 |
| Provision for income taxes |
128 |
(1,442) |
| Income (loss) from continuing operations |
(600) |
2,360 |
| Income from discontinued operations |
|
- |
| Net income (loss) |
$(600) |
$2,360 |
| Basic and diluted earnings (loss) per share: |
$(0.04) |
$0.15 |
| |
$- |
$- |
| |
$(0.04) |
$0.15 |
| Weighted average common shares outstanding - basic |
16,012 |
15,968 |
| Weighted average common shares outstanding - diluted |
16,012 |
16,081 |
| |
|
|
| |
|
|
| |
Fiscal Year Ended
|
| |
November 1, 2003 |
November 2, 2002 |
| Statements of Operations: |
|
|
| Revenues |
530,299 |
515,253 |
| Costs of services |
439,801 |
419,932 |
| Gross profit |
90,498 |
95,321 |
| Gross margin |
17.1% |
18.5% |
| Franchise agents' share of gross profit |
16,599 |
15,409 |
| Selling and administrative expenses |
70,585 |
75,734 |
| Depreciation and amortization |
5,500 |
6,601 |
| Income from sales of affiliate operations |
(299) |
(197) |
| Impairment of intangible assets |
|
116 |
| Arbitration award |
950 |
(693) |
| Restructuring charges |
|
1,896 |
| Operating loss |
(2,837) |
(3,545) |
| Interest expense |
1,762 |
2,343 |
| Interest income |
(186) |
(387) |
| Loss from continuing operations before income taxes |
|
|
| and cumulative effect of change in accounting principle |
(4,413) |
(5,501) |
| Provision (benefit) for income taxes |
361 |
(4,070) |
| Loss from continuing operations before cumulative effect
of |
|
|
| change in accounting principle |
(4,774) |
(1,431) |
| Income from discontinued operations |
316 |
|
| Cumulative effect of change in accounting principle |
(670) |
|
| Net loss |
$(5,128) |
$(1,431) |
| Basic and diluted earnings (loss) per share: |
|
|
| Continuing operations before cumulative effect of
change |
|
|
| in accounting principle |
$(0.30) |
$(0.09) |
| Discontinued operations |
$0.02 |
$- |
| Cumulative effect of change in accounting principle |
$(0.04) |
$- |
| Net loss |
$(0.32) |
$(0.09) |
| Weighted average common shares outstanding - basic
and diluted |
15,996 |
15,945 |
| |
|
|
| |
|
|
| Balance Sheet Highlights: |
November 1, 2003 |
November 2, 2002 |
| Current assets |
$84,433 |
$91,445 |
| Property and equipment, net |
12,569 |
15,778 |
| Goodwill, net |
11,687 |
12,034 |
| Other long-term assets |
4,458 |
2,698 |
| Total assets |
$113,147 |
$121,955 |
| Current liabilities |
$48,195 |
$57,373 |
| Long term liabilities |
29,496 |
25,632 |
| Total liabilities |
77,691 |
83,005 |
| Stockholders' equity |
35,456 |
38,950 |
| Total liabilities and stockholders' equity |
$113,147 |
$121,955 |
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