Audiovox 2006 Annual Report Download - page 18

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Item 6 — Selected Consolidated Financial Data
The following selected consolidated financial data for the last five years should be read in
conjunction with the consolidated financial statements and related notes and ‘‘Management’s
Discussion and Analysis of Financial Condition and Results of Operations’’ of this Form 10-K.
Year
Ended
February 28,
2007
Three
Months
Ended
February 28,
2006
Years ended November 30,
2005 (4) 2004 2003 (2) 2002
Consolidated Statement
of Operations Data
Net sales (1) .................... $456,690 $103,050 $539,716 $563,653 $510,899 $361,087
Operating (loss) income (1)....... (5,077) (3,159) (27,690) (1,356) 14,008 5,401
Net income (loss) from continuing
operations (1) ................. 3,692 367 (6,687) 64 8,027 929
Net (loss) income from
discontinued operations (3) ..... (756) (184) (2,904) 77,136 3,212 (15,209)
Cumulative effect of a change in
accounting for negative
goodwill ...................... — — — — 240
Net income (loss)................ $ 2,936 $ 183 $ (9,591) $ 77,200 $ 11,239 $(14,040)
Net income (loss) per common
share from continuing
operations:
Basic......................... $ 0.16 $ 0.02 $ (0.30) $ 0.00 $ 0.36 $ 0.04
Diluted....................... $ 0.16 $ 0.02 $ (0.30) $ 0.00 $ 0.36 $ 0.04
Net income (loss) per common
share:
Basic......................... $ 0.13 $ 0.01 $ (0.43) $ 3.52 $ 0.51 $ (0.69)
Diluted....................... $ 0.13 $ 0.01 $ (0.43) $ 3.45 $ 0.51 $ (0.69)
As of February 28, As of November 30,
2007 2006 2005 2004 2003 2002
Consolidated Balance Sheet Data
Total assets ..................... $495,773 $466,012 $485,864 $543,338 $583,360 $555,365
Working capital ................. 301,934 340,564 340,488 362,018 304,354 292,687
Long-term obligations............ 18,679 18,385 18,425 18,598 29,639 18,250
Stockholders’ equity ............. 404,362 400,732 401,157 404,187 325,728 309,513
(1) Amounts exclude the financial results of discontinued operations (see Note 2 of the Notes to
Consolidated Financial Statements).
(2) 2003 amounts reflect the acquisition of Recoton.
(3) 2004 amount reflects the results of the divestiture of the Cellular business and 2005 amount
reflects the divestiture of Malaysia (see Note 2 of the Notes to Consolidated Financial
Statements).
(4) 2005 amounts reflect the acquisition of Terk (see Note 4 of the Notes to Consolidated Financial
Statements).
17