Cobra 2000 Annual Report Download - page 16

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14 Cobra Electronics Corporation
Cobra Electronics Consolidated Financial Statements
Consolidated Statements of Income
Cobra Electronics Corporation
In thousands, except
per share amounts Years Ended December 31, 2000 1999 1998
Net sales $144,565 $118,693 $103,414
Cost of sales 103,783 88,541 78,753
Gross profit 40,782 30,152 24,661
Selling, general and administrative expense 27,961 23,540 19,747
Operating income 12,821 6,612 4,914
Other income (expense):
Interest expense (889) (878) (1,204)
Other income (expense), net (611) 23 87
Income before income taxes 11,321 5,757 3,797
Tax provision (benefit) 4,132 1,774 (10,403)
Net income $ 7,189 $ 3,983 $ 14,200
Net income per common share:
Basic $1.17 $ 0.66 $ 2.30
Diluted $1.12 $ 0.65 $ 2.20
Weighted average shares outstanding:
Basic 6,142 6,020 6,181
Diluted 6,394 6,107 6,469