|
|
|
Fiscal Quarter Ended |
|
|
|
|
|
April 15, 2006 |
|
April 16, 2005 (1) |
| Statements of Operations: |
|
|
|
| |
|
|
|
| Revenue |
$ 138,635 |
|
$ 135,521 |
| Costs of services |
114,559 |
|
112,368 |
| Gross profit |
24,076 |
|
23,153 |
| Gross margin |
17.4% |
|
17.1% |
| Franchise agents' share of gross profit |
4,006 |
|
4,056 |
| Selling and administrative expenses |
19,043 |
|
18,190 |
| Depreciation and amortization |
1,174 |
|
956 |
|
|
|
|
| Operating loss |
(147) |
|
(49) |
| Interest expense |
248 |
|
282 |
| Interest income |
(31) |
|
(23) |
| Loss from continuing operations before income taxes |
(364) |
|
(308) |
| Income tax provision (benefit) |
(98) |
|
20 |
| ILoss from continuing operations |
(266) |
|
328 |
| Loss from discontinued operations |
- |
|
(43) |
| Net Loss |
$ (266) |
|
$ (371) |
|
|
|
|
|
|
|
|
| Basic and diluted loss per share: |
|
|
|
| Continuing operations |
$ (0.02) |
|
$ (0.02) |
| Discontinued operations |
- |
|
- |
| Net loss |
$ (0.02) |
|
$ 0.03 |
|
|
|
|
|
|
|
|
Weighted average common shares outstanding - basic and diluted |
16,394 |
|
16,302 |
|
|
|
|
| (1) Restated to segregate revenue and expenses of discontinued operations |
|
|
|
24 Weeks Ended |
|
|
|
|
|
April 15, 2006 |
|
April 16, 2005 (1) |
| Statements of Operations: |
|
|
|
| |
|
|
|
| Revenue |
$ 277,236 |
|
$ 270,826 |
| Costs of services |
229,922 |
|
224,816 |
| Gross profit |
47,314 |
|
46,010 |
| Gross margin |
17.1% |
|
17.0% |
| Franchise agents' share of gross profit |
8,339 |
|
8,030 |
| Selling and administrative expenses |
37,000 |
|
34,975 |
| Depreciation and amortization |
2,344 |
|
1,915 |
|
|
|
|
| Operating income (loss) |
(369) |
|
1,090 |
| Interest expense |
557 |
|
677 |
| Interest income |
(49) |
|
(43) |
| Income (loss) from continuing operations before income taxes |
(877) |
|
456 |
| Income tax provision (benefit) |
(215) |
|
216 |
| Income (loss) from continuing operations |
(662) |
|
240 |
| Loss from discontinued operations |
- |
|
(105) |
| Net income (loss) |
$ (662) |
|
$ 135 |
|
|
|
|
|
|
|
|
| Basic and diluted earnings (loss) per share: |
|
|
|
| Continuing operations |
$ (0.04) |
|
$ 0.01 |
| Discontinued operations |
- |
|
- |
| Net income (loss) |
$ (0.04) |
|
$ 0.01 |
|
|
|
|
|
|
|
|
Weighted average common shares outstanding - basic |
16,386 |
|
16,175 |
| Weighted average common shares outstanding - diluted |
16,386 |
|
16,378 |
| |
|
|
| |
|
|
| Balance Sheet Highlights (Unaudited): |
April 15, 2006 |
|
October 29, 2005 |
|
|
|
|
| Current assets |
$ 87,183 |
|
$ 96,793 |
| Property and equipment, net |
14,959 |
|
15,184 |
| Goodwill |
13,154 |
|
11,770 |
| Other long-term assets |
13,350 |
|
15,035 |
| Total assets |
$ 128,646 |
|
$ 138,782 |
|
|
|
|
| Current liabilities |
$ 47,257 |
|
$ 56,167 |
| Long term liabilities |
20,489 |
|
20,994 |
| Total liabilities |
67,746 |
|
77,161 |
| Stockholders' equity |
60,900 |
|
61,621 |
| Total liabilities and stockholders' equity |
$ 128,646 |
|
$ 138,782 |
|
|
|
|
(1) Restated to segregate revenue and expenses of discontinued operations
|
|
|
