financials:
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)
Year ended December 31, Three months ended March 31,
---------------------------------- ----------------------------
1997 1998 1999 1999 2000
--------- --------- --------- --------- ---------
COMBINED STATEMENT OF OPERATIONS DATA: (unaudited)
Revenue ........................................ $ 218,971 $ 225,669 $ 200,622 $ 49,158 $ 46,153
Cost of revenue ................................ 108,541 115,316 99,641 26,926 23,353
--------- --------- --------- --------- ---------
Gross margin .......................... 110,430 110,353 100,981 22,232 22,800
--------- --------- --------- --------- ---------
Operating expenses:
Research, development and engineering ....... 21,225 25,067 18,928 6,452 4,963
Selling, general and administrative ......... 57,659 63,517 49,337 13,474 12,404
Special charges ............................. -- 6,971 10,587 9,687 --
Gain on sale of real estate ................. -- -- (2,829) -- --
--------- --------- --------- --------- ---------
Total operating expenses .............. 78,884 95,555 76,023 29,613 17,367
--------- --------- --------- --------- ---------
Operating income (loss) ........................ 31,546 14,798 24,958 (7,381) 5,433
Interest expense ............................... 1,509 1,391 925 254 177
Other income (expense) ......................... 18 (178) 13,726 (181) 94
--------- --------- --------- --------- ---------
Income (loss) before income taxes ..... 30,055 13,229 37,759 (7,816) 5,350
Income taxes ................................... 12,198 5,873 15,459 (3,197) 2,140
--------- --------- --------- --------- ---------
Net income (loss) .............................. $ 17,857 $ 7,356 $ 22,300 $ (4,619) $ 3,210
========= ========= ========= ========= =========
Basic and diluted earnings (loss) per share ... $ $ $ $ $
========= ========= ========= ========= =========
Shares used in computing basic
and diluted earnings (loss)
per share ...................................
========= ========= ========= ========= =========
OTHER OPERATING DATA:
Depreciation and amortization .................. $ 14,528 $ 13,160 $ 10,534 $ 2,895 $ 3,071
Capital expenditures, net ...................... 5,565 7,394 5,469 1,760 1,451
EBITDA ......................................... 46,074 34,929 43,250 5,201 8,504
As of March 31, 2000
-------------------------------
Actual As Adjusted
----------- -------------
(unaudited)
COMBINED BALANCE SHEET DATA:
Cash ............................ $ 1,711 $
Working capital ................. 37,320
Total assets .................... 134,385
Total debt (including short-term
borrowings and current
portion of long-term debt) .... 3,583
Stockholder's investment ........ 83,776 |
