Q2 FY04 Balance Sheet...
CONDENSED CONSOLIDATED BALANCE SHEET
(in thousands)
September 30, March 31,
2003 2003
(unaudited)
Assets
Cash and short-terms investments $74,957 $90,182
Accounts receivable, net 28,932 31,072
Inventories 20,289 20,307
Other current assets 13,103 14,032
Total current assets 137,281 155,593
Property & equipment, net 29,521 28,836
Other assets 353 356
Total assets $167,155 $184,785
Liabilities and Stockholders' Equity
Accounts payable $24,454 $23,095
Other current liabilities 21,581 29,745
Total current liabilities 46,035 52,840
Other liabilities 17,157 19,145
Total liabilities 63,192 71,985
Stockholders' equity 103,963 112,800
Total liabilities and stockholders' equity $167,155 $184,785
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)
Three Months Ended Six Months Ended
September 30, September 30,
2003 2002 2003 2002
Net sales $36,882 $52,560 $72,849 $101,879
Cost of sales 29,819 39,826 58,440 78,595
Gross profit 7,063 12,734 14,409 23,284
Operating expenses:
Research and
development 3,982 3,460 7,868 7,082
Selling, general
and administrative 9,939 13,179 20,445 27,776
Restructuring and
other charges
(credit) -- -- (3,550) 14,173
Total operating
expenses 13,921 16,639 24,763 49,031
Operating loss (6,858) (3,905) (10,354) (25,747)
Other income
(expense) 136 (118) 188 (196)
Permanent
impairment of
investments -- (246) -- (392)
Loss before
income taxes (6,722) (4,269) (10,166) (26,335)
Provision
for income taxes 280 146 211 943
Net loss $(7,002) $(4,415) $(10,377) $(27,278)
Basic and diluted
net loss per share ($0.08) ($0.05) ($0.13) ($0.33)
Basic and diluted
weighted average
shares outstanding 82,922 82,500 82,877 82,438 |
