|
Fiscal Quarter Ended |
|
|
|
|
|
October 29, 2005 |
|
October 30, 2004 |
|
|
|
|
| Statement of Operations |
|
|
|
| |
|
|
|
| Revenue |
$ 200,982 |
|
$ 201,583 |
| Costs of services |
165,811 |
|
167,933 |
| Gross profit |
35,171 |
|
33,650 |
| Gross margin |
17.5% |
|
16.7% |
| Franchise agents' share of gross profit |
6,463 |
|
6,394 |
| Selling and administrative expenses |
24,065 |
|
23,388 |
| Depreciation and amortization |
1,313 |
|
1,248 |
|
|
|
|
| Operating income |
3,330 |
|
2,620 |
| Interest expense |
566 |
|
749 |
| Interest income |
(76) |
|
(41) |
| Income from continuing operations before income taxes |
2,840 |
|
1,912 |
| Income tax benefit |
(16,913) |
|
(276) |
| Income from continuing operations |
19,753 |
|
2,188 |
| Income from discontinued operations |
- |
|
267 |
| Net income |
19,753 |
|
$ 2,455 |
|
|
|
|
| Basic earnings per share: |
|
|
|
| Continuing operations |
$ 1.21 |
|
$ 0.13 |
| Discontinued operations |
$ - |
|
$ 0.02 |
| Net income |
$ 1.21 |
|
$ 0.15 |
|
|
|
|
| Diluted earnings per share: |
|
|
|
| Continuing operations |
$ 1.20 |
|
$ 0.13 |
| Discontinued operations |
$ - |
|
$ 0.02 |
| Net income |
$ 1.20 |
|
$ 0.15 |
|
|
|
|
| Weighted average common shares outstanding - basic |
16,364 |
|
16,047 |
| Weighted average common shares outstanding - diluted |
16,498 |
|
16,180 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year Ended |
|
|
|
|
|
October 29, 2005 |
|
October 30, 2004 |
|
|
|
|
| Statements of Operatons |
|
|
|
| |
|
|
|
| Revenue |
$ 612,861 |
|
$ 589,861 |
| Costs of services |
507,052 |
|
490,664 |
| Gross profit |
105,809 |
|
99,197 |
| Gross margin |
17.3% |
|
16.8% |
| Franchise agents' share of gross profit |
18,884 |
|
18,494 |
| Selling and administrative expenses |
76,635 |
|
70,914 |
| Depreciation and amortization |
4,162 |
|
4,380 |
|
|
|
|
| Operating income |
6,128 |
|
5,409 |
| Interest expense |
1,587 |
|
2,098 |
| Interest income |
(148) |
|
(85) |
| Income from continuing operations before income taxes |
4,689 |
|
3,396 |
| Income tax provision (benefit) |
(16,383) |
|
239 |
| Income from continuing operations |
21,072 |
|
3,157 |
| Discontinued Operations: |
|
|
|
| Income (loss) from discontinued operations |
(134) |
|
316 |
| Gain on sale of discontinued operations, net of income taxes |
1,163 |
|
|
| Income from discontinued operations |
1,029 |
|
316 |
|
|
|
|
|
|
|
|
| Net income |
$ 22,101 |
|
$ 3,473 |
|
|
|
|
| Basic earnings per share: |
|
|
|
| Continuing operations |
$ 1.30 |
|
$ 0.20 |
| Discontinued operations |
$ 0.06 |
|
$ 0.02 |
| Net income |
$ 1.36 |
|
$ 0.22 |
|
|
|
|
| Diluted earnings per share: |
|
|
|
| Continuing operations |
$ 1.29 |
|
$ 0.20 |
| Discontinued operations |
$ 0.06 |
|
$ 0.02 |
| Net income |
$ 1.35 |
|
$ 0.22 |
|
|
|
|
| Weighted average common shares outstanding - basic |
16,271 |
|
16,033 |
| Weighted average common shares outstanding - diluted |
16,420 |
|
16,081 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance Sheet Higlights |
October 29, 2005 |
|
October 30, 2004 |
|
|
|
|
| |
|
|
|
| Current assets |
$ 96,425 |
|
$ 98,514 |
| Property and equipment, net |
15,184 |
|
10,100 |
| Goodwill |
11,770 |
|
11,760 |
| Other long-term assets |
16,407 |
|
2,034 |
| Total assets |
$ 139,786 |
|
$ 122,408 |
|
|
|
|
| Current liabilities |
$ 56,473 |
|
$ 64,910 |
| Long term liabilities |
20,717 |
|
17,651 |
| Total liabilities |
77,190 |
|
82,561 |
| Stockholders' equity |
62,596 |
|
39,847 |
| Total liabilities and stockholders' equity |
$ 139,786 |
|
$ 122,408 |
|
