Supercuts 2005 Annual Report Download - page 96

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
95
For the Year Ended June 30, 2004
Salons
Beauty
Hair
Restoration
Unallocated
North America
International
Schools
Centers
Corporate
Consolidated
(Dollars in thousands)
Revenues:
Service
$
1,131,325
$
125,442
$
14,465
$
—
$
—
$
1,271,232
Product
532,843
44,758
678
—
—
578,279
Royalties and fees
41,378
32,254
—
—
—
73,632
1,705,546
202,454
15,143
—
—
1,923,143
Operating expenses:
Cost of service
649,898
63,766
4,860
—
—
718,524
Cost of product
273,119
29,967
398
—
—
303,484
Site operating expenses
153,564
8,410
1,391
—
—
163,365
General and administrative
90,228
33,589
1,720
—
89,073
214,610
Rent
230,726
37,081
1,174
—
448
269,429
Depreciation and amortization
58,601
7,162
385
—
8,835
74,983
Total operating expenses
1,456,136
179,975
9,928
—
98,356
1,744,395
Operating income (loss)
249,410
22,479
5,215
—
(
98,356
)
178,748
Other income (expense):
Interest
—
—
—
—
(
17,064
)
(17,064
)
Other, net
—
—
—
—
1,155
1,155
Income (loss) before income taxes
$
249,410
$
22,479
$
5,215
$
—
$
(
114,265
)
$
162,839
Total assets
$
783,737
$
196,167
$
40,355
$
—
$
251,600
$
1,271,859
Long
-
lived assets
292,430
25,635
6,093
—
57,745
381,903
Capital expenditures
64,659
5,601
2,765
—
1,051
74,076
Purchases of salon assets
80,135
5,093
24,978
—
—
110,206