 |
News Releases
2006 / 2005 / 2004 / 2003 / 2002 / 2001 / 2000
| FY 2004 |
|
|
| |
Fiscal Quarter Ended |
| |
October 30, 2004 |
November 1, 2003 |
| Statement of Operations |
|
|
| |
|
|
| Revenue |
$ 205,555 |
$ 178,874 |
| Costs of services |
170,968 |
149,227 |
| Gross profit |
34,587 |
29,647 |
| Gross margin |
16.8% |
16.6% |
| Franchise agents' share of gross profit |
6,394 |
5,927 |
| Selling and administrative expenses |
23,082 |
21,128 |
| Depreciation and amortization |
1,275 |
1,593 |
| Arbitration expenses |
920 |
950 |
| Operating income from continuing operations |
2,916 |
49 |
| Interest expense |
785 |
567 |
| Interest income |
(48) |
(46) |
| Income (loss) from continuing operations before income
taxes |
2,179 |
(472) |
| (Benefit) provision for income taxes |
(276) |
128 |
| Income (loss) from continuing operations |
2,455 |
(600) |
| Income from discontinued operations |
|
- |
| Net income (loss) |
$ 2,455 |
$ (600) |
| Basic and diluted earnings (loss) per share: |
$ 0.15 |
$ (0.04) |
| |
$ - |
$ - |
| |
$ 0.15 |
$ (0.04) |
| Weighted average common shares outstanding - basic |
16,047 |
16,012 |
| Weighted average common shares outstanding - diluted |
16,180 |
16,015 |
| |
|
|
| |
Fiscal Year Ended
|
| |
October 30, 2004
|
November 1, 2003
|
| Statement of Operations |
|
|
| |
|
|
| Revenue |
601,476 |
530,299 |
| Costs of services |
499,630 |
439,801 |
| Gross profit |
101,846 |
90,498 |
| Gross margin |
16.9% |
17.1% |
| Franchise agents' share of gross profit |
18,494 |
16,599 |
| Selling and administrative expenses |
72,155 |
70,286 |
| Depreciation and amortization |
4,474 |
5,500 |
| Arbitration expenses |
1,058 |
950 |
| Impairment of intangible assets |
|
|
| Operating income (loss) from continuing operations |
5,665 |
(2,837) |
| Interest expense |
2,209 |
1,762 |
| Interest income |
(106) |
(186) |
| Income (loss) from continuing operations before income
taxes |
|
|
| and cumulative effect of change in accounting principle |
3,562 |
(4,413) |
| Provision for income taxes |
239 |
361 |
| Income (loss) from continuing operations before cumulative
effect |
|
|
| of change in accounting principle |
3,323 |
(4,774) |
| Income from discontinued operations |
150 |
316 |
| Cumulative effect of change in accounting principle |
|
(670) |
| Net income (loss) |
$ 3,473 |
$ (5,128) |
| Basic and diluted earnings (loss) per share: |
|
|
| Continuing operations before cumulative effect of
change |
|
|
| in accounting principle |
$ 0.21 |
$ (0.30) |
| Discontinued operations |
$ 0.01 |
$ 0.02 |
| Cumulative effect of change in accounting principle |
$ - |
$ (0.04) |
| Net income (loss) |
$ 0.22 |
$ (0.32) |
| Weighted average common shares outstanding - basic |
16,033 |
15,996 |
| Weighted average common shares outstanding - diluted |
16,081 |
15,996 |
| |
|
|
| Balance Sheet Highlights: |
October 30, 2004
|
November 1, 2003
|
| |
|
|
| Current assets |
$ 98,245 |
$ 84,433 |
| Property and equipment, net |
10,184 |
12,569 |
| Goodwill, net |
11,760 |
11,687 |
| Other long-term assets |
2,219 |
4,458 |
| Total assets |
$ 122,408 |
$ 113,147 |
| Current liabilities |
$ 64,731 |
$ 63,196 |
| Long term liabilities |
17,830 |
14,495 |
| Total liabilities |
82,561 |
77,691 |
| Stockholders' equity |
39,847 |
35,456 |
| Total liabilities and stockholders' equity |
$ 122,408 |
$ 113,147 |
|
|
|
| |
|
