Sunbeam 2001 Annual Report Download - page 12

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alltrista corporation
Consolidated Statements of Operations
(in thousands, except per share amounts)
Year ended December 31,
2001 2000 1999
Net sales ................................................. $ 304,978 $357,356 $358,031
Costs and expenses
Cost of sales ............................................ 233,676 275,571 257,308
Selling, general and administrative expenses .............. 52,212 56,019 55,322
Goodwill amortization .................................. 5,153 6,404 4,605
Special charges (credits) and reorganization expenses ...... 4,978 380 2,314
Loss (gain) on divestitures of assets and product lines ...... 122,887 — (19,678)
Income (loss) before interest, taxes and minority interest ..... (113,928) 18,982 58,160
Interest expense, net ...................................... (11,791) (11,917) (8,395)
Income (loss) from continuing operations before taxes and
minority interest........................................ (125,719) 7,065 49,765
Income tax (provision) benefit ............................. 40,443 (2,402) (19,458)
Minority interest in loss (gain) of consolidated subsidiary .... 153 (259) —
Income (loss) from continuing operations................... (85,429) 4,922 30,307
Discontinued operations:
Loss on disposal of discontinued operations, net of income
tax benefit of $54 ..................................... — — (87)
Extraordinary loss from early extinguishment of debt, net of
income tax benefit of $635 .............................. — — (1,028)
Net income (loss) ......................................... $ (85,429) $ 4,922 $ 29,192
Basic earnings (loss) per share:
Income (loss) from continuing operations................. $ (13.43) $ 0.78 $ 4.50
Net income (loss) ....................................... $ (13.43) $ 0.78 $ 4.34
Diluted earnings (loss) per share:
Income (loss) from continuing operations................. $ (13.43) $ 0.77 $ 4.44
Net income (loss) ....................................... $ (13.43) $ 0.77 $ 4.28
Weighted average shares outstanding:
Basic ................................................... 6,363 6,338 6,734
Diluted................................................. 6,363 6,383 6,819
The accompanying notes are an integral part of the consolidated financial statements.
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Alltrista