| |
Fiscal Quarter Ended |
| |
July 9, 2005 |
|
July 10, 2004 |
| Statements of Operations: |
|
|
|
| |
|
|
|
| Revenue |
$ 141,053 |
|
$ 139,345 |
| Costs of services |
116,425 |
|
115,414 |
| Gross profit |
24,628 |
|
23,931 |
| Gross margin |
17.5% |
|
17.2% |
| Franchise agents' share of gross profit |
4,391 |
|
4,313 |
| Selling and administrative expenses |
17,595 |
|
16,319 |
| Depreciation and amortization |
934 |
|
1,008 |
| Operating income |
1,708 |
|
2,291 |
| Interest expense |
343 |
|
485 |
| Interest income |
(28) |
|
(21) |
| Income from continuing operations before income taxes |
1,393 |
|
1,827 |
| Provision for income taxes |
314 |
|
307 |
| Income from continuing operations |
1,079 |
|
1,520 |
| Income (loss) from discontinued operations |
(29) |
|
235 |
| Gain on sale of discontinued operations, net of income taxes |
1,163 |
|
|
| Total discontinued operations, net of income taxes |
1,134 |
|
235 |
| Net income |
$ 2,213 |
|
$ 1,755 |
| Basic and diluted earnings per share: |
|
|
|
| Continuing operations |
$ 0.07 |
|
$ 0.09 |
| Discontinued operations |
$ 0.07 |
|
$ 0.01 |
| Net income |
$ 0.14 |
|
$ 0.11 |
| Weighted average common shares outstanding - basic |
16,339 |
|
16,033 |
| Weighted average common shares outstanding - diluted |
16,391 |
|
16,068 |
| |
|
|
|
| |
|
|
|
| |
36 Weeks Ended |
| |
July 9, 2005 |
|
July 10, 2004 |
| Statements of Operations: |
|
|
|
| |
|
|
|
| Revenue |
$ 411,879 |
|
$ 388,277 |
| Costs of services |
341,240 |
|
322,730 |
| Gross profit |
70,639 |
|
65,547 |
| Gross margin |
17.2% |
|
16.9% |
| Franchise agents' share of gross profit |
12,422 |
|
12,099 |
| Selling and administrative expenses |
52,569 |
|
47,526 |
| Depreciation and amortization |
2,849 |
|
3,132 |
| Operating income |
2,799 |
|
2,790 |
| Interest expense |
1,021 |
|
1,348 |
| Interest income |
(71) |
|
(43) |
| Income from continuing operations before income taxes |
1,849 |
|
1,485 |
| Provision for income taxes |
530 |
|
515 |
| Income from continuing operations |
1,319 |
|
970 |
| Income (loss) from discontinued operations |
(134) |
|
48 |
| Gain on sale of discontinued operations, net of income taxes |
1,163 |
|
|
| Total discontinued operations, net of income taxes |
1,029 |
|
48 |
| Net income |
$ 2,348 |
|
$ 1,018 |
| Basic and diluted earnings per share: |
|
|
|
| Continuing operations |
$ 0.08 |
|
$ 0.06 |
| Discontinued operations |
$ 0.06 |
|
$ - |
| Net income |
$ 0.14 |
|
$ 0.06 |
| Weighted average common shares outstanding - basic |
16,229 |
|
16,027 |
| Weighted average common shares outstanding - diluted |
16,384 |
|
16,033 |
| |
|
|
|
| Balance Sheet Highlights |
July 9, 2005 |
|
October 30, 2004 |
| |
|
|
|
| Current assets |
$ 82,978 |
|
$ 98,514 |
| Property and equipment, net |
12,326 |
|
10,100 |
| Goodwill |
11,756 |
|
11,760 |
| Other long-term assets |
11,389 |
|
2,034 |
| Total assets |
$ 118,449 |
|
$ 122,408 |
| Current liabilities |
$ 58,143 |
|
$ 64,910 |
| Long term liabilities |
17,953 |
|
17,651 |
| Total liabilities |
76,096 |
|
82,561 |
| Stockholders' equity |
42,353 |
|
39,847 |
| Total liabilities and stockholders' equity |
$ 118,449 |
|
$ 122,408 |
| |
|
|
|
|
