Cobra 2004 Annual Report Download - page 14
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Please find page 14 of the 2004 Cobra annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.12 C O B R A E L E C T R O N I C S C O R P O R AT I O N
C O N S O L I D AT E D S TAT E M E N T S O F E A R N I N G S
YearsEndedDecember31,
Inthousands,exceptpershareamounts 2004 2003 2002
Netsales $122,877 $114,811 $135,840
Costofsales 90,652 84,156 101,563
Grossprofit 32,225 30,655 34,277
Selling,generalandadministrativeexpense 28,337 27,515 31,074
Operatingincome 3,888 3,140 3,203
Otherincome(expense):
Interestexpense (110) (162) (228)
Otherincome,net 99 165 91
Incomebeforeincometaxes 3,877 3,143 3,066
Taxprovision 1,496 1,302 1,346
Netearnings $ 2,381 $ 1,841 $ 1,720
Netearningspercommonshare:
Basic $ 0.37 $ 0.29 $ 0.27
Diluted $ 0.36 $ 0.28 $ 0.26
Weightedaveragesharesoutstanding:
Basic 6,439 6,420 6,373
Diluted 6,603 6,495 6,505