Audiovox 2001 Annual Report Download - page 3

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Selected Financial Data Years ended November 30, 1997, 1998, 1999, 2000 and 2001:
(Dollars in thousands, except per share data) 1997 1998 1999 2000 2001
Net sales $640,681 $618,237 $1,161,533 $1,704,459 $1,267,746
Income (loss) before extraordinary item 21,022 2,972 27,246 25,040 (8,209)
Extraordinary item — — — 2,189 —
Net income (loss) 21,022 2,972 27,246 27,229 (8,209)
Net income (loss) per common share before
extraordinary item:
Basic 1.11 0.16 1.43 1.17 (0.38)
Diluted 1.09 0.16 1.39 1.11 (0.38)
Net income (loss) per common share:
Basic 1.11 0.16 1.43 1.27 (0.38)
Diluted 1.09 0.16 1.39 1.21 (0.38)
Total assets 289,827 279,679 475,083 501,887 533,368
Long-term obligations, less current installments 38,996 33,724 122,798 23,468 10,040
Stockholders’ equity 187,892 177,720 216,744 330,503 321,946
Consolidated Financial Statements and Supplementary Data
Selected unaudited, quarterly financial data of the Company for the years ended November 30, 2000 and 2001 appears below:
Quarter Ended
(Dollars in thousands, except per share data) Feb. 28 May 31 Aug. 31 Nov. 30
2000
Net sales 340,608 382,055 470,920 510,876
Gross profit 34,868 37,131 42,747 37,622
Operating expenses 25,787 28,120 27,689 32,248
Income before provision for income taxes 8,773 11,071 15,427 4,694
Provision for income taxes 3,473 4,160 5,471 1,821
Income before extraordinary item 5,300 6,911 9,956 2,873
Extraordinary item — — — 2,189
Net income 5,300 6,911 9,956 5,062
Net income per common share before extraordinary item:
Basic 0.27 0.32 0.45 0.13
Diluted 0.25 0.30 0.44 0.13
Net income per common share:
Basic 0.27 0.32 0.45 0.23
Diluted 0.25 0.30 0.44 0.23
2001
Net sales 331,052 276,634 314,258 345,802
Gross profit 29,840 10,544 31,513 28,642
Operating expenses 26,250 23,725 28,717 32,382
Income (loss) before provision for (recovery of) income taxes 4,024 (12,912) 1,624 (4,882)
Provision for (recovery of) income taxes 1,458 (4,649) 618 (1,364)
Net income (loss) 2,566 (8,263) 1,006 (3,518)
Net income (loss) per common share:
Basic 0.12 (0.38) 0.05 (0.16)
Diluted 0.12 (0.38) 0.05 (0.16)
01 Audiovox 2001 Annual Report