Cobra 2002 Annual Report Download - page 14
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Please find page 14 of the 2002 Cobra annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.12 C O B R A E L E C T R O N I C S C O R P O R AT I O N
2 0 0 2 A N N U A L R E P O R T 13
YearsendedDecember31,
(Inthousands,exceptpershareamounts) 2002 2001 2000
Netsales $135,840 $150,031 $143,204
Costofsales 101,563 111,042 103,783
Grossprot 34,277 38,989 39,421
Selling,generalandadministrativeexpense 31,074 28,404 26,600
ExpensesfortheterminatedLowranceacquisition – 1,402 –
Operatingincome 3,203 9,183 12,821
Otherincome(expense):
Interestexpense (228) (787) (889)
Otherincome(expense),net 91 (117) (611)
Incomebeforeincometaxes 3,066 8,279 11,321
Taxprovision 1,346 3,594 4,132
Netincome $ 1,720 $ 4,685 $ 7,189
Netincomepercommonshare:
Basic $ 0.27 $ 0.75 $ 1.17
Diluted $ 0.26 $ 0.73 $ 1.12
Weightedaveragesharesoutstanding:
Basic 6,373 6,236 6,142
Diluted 6,505 6,403 6,394
ConsolidatedStatementsofIncome