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12 COBRA ELECTRONICS CORPORATION
Years Ended December 31,
In thousands, except per share amounts 2007 2006
*
2005 2004 2003
OPERATING DATA:
Net sales $ 155,935 $ 153,695 $ 133,084 $ 122,877 $ 114,811
         
Selling, general and administrative expense 39,634 32,620 30,614 28,337 27,515
(Loss) earnings from operations (8,233 ) (2,667 ) 3,521 3,888 3,140
Interest expense 1,655 479 89 110 162
Other income 1,089 63 10,151 99 165
(Loss) earnings before income taxes (8,799 ) (3,083 ) 13,583 3,877 3,143
        
Minority interest (19 ) 4 – – –
Net (loss) earnings (4,422 ) (1,630 ) 11,984 2,381 1,841
Net (loss) earnings per share:
Basic $ (0.68 ) $ (0.25 ) $ 1.86 $ 0.37 $ 0.29
Diluted (0.68 ) (0.25 ) 1.81 0.36 0.28
AS OF DECEMBER 31:
Total assets $ 114,318 $ 116,758 $ 92,922 $ 82,494 $ 76,233
Long-term debt 18,745 15,614 – – –
        
Book value per share $ 10.06 $ 10.85 $ 11.13 $ 9.33 $ 8.99
Shares outstanding 6,471 6,433 6,489 6,445 6,420
*

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generally accepted in the United States of America and which were audited by Grant Thornton LLP in accordance with standards of the
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FIVE YEAR FINANCIAL SUMMARY