Financial statements:
Year Ended
Year Ended March 31, March 31,
---------------------------------------------- 2000
1996 1997 1998 1999 2000 Pro Forma
------- ------- -------- -------- -------- -----------
(in thousands, except per share data) (unaudited)
<S> <C> <C> <C> <C> <C> <C>
Consolidated Statements
of Income Data:
Net sales............... $22,021 $31,895 $165,049 $187,381 $393,842 $436,891
Costs of goods sold..... 18,724 27,347 147,962 172,219 363,974 405,891
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Gross profit............ 3,297 4,548 17,087 15,162 29,868 31,000
Selling, general and
administrative
expenses............... 2,309 2,976 8,328 10,955 21,576 23,878
Amortization............ -- -- 54 190 1,281 1,839
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Operating income........ 988 1,572 8,705 4,017 7,011 5,283
Other income (expense) -
net.................... 187 247 455 (438) (74) 28
Interest expense........ (255) (315) (746) (640) (3,588) (4,158)
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Income before income
taxes.................. 920 1,504 8,414 2,939 3,349 1,153
Income tax expense...... 289 554 3,097 1,273 698 (149)
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Net income.............. $ 631 $ 950 $ 5,317 $ 1,666 $ 2,651 $ 1,302
======= ======= ======== ======== ======== ========
Net income per share:
Basic................. $ 0.08 $ 0.12 $ 0.55 $ 0.15 $ 0.23 $ 0.11
Diluted............... 0.08 0.12 0.49 0.12 0.15 0.08 |
