Sunbeam 2002 Annual Report Download - page 26

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Jarden Corporation
Consolidated Statements of Operations
(in thousands, except per share amounts)
Year ended December 31,
2002 2001 2000
Net sales .................................................. $368,199 $ 304,978 $357,356
Costs and expenses:
Cost of sales ............................................. 216,629 232,634 274,248
Selling, general and administrative expenses .................. 86,461 53,254 57,342
Goodwill amortization .................................... — 5,153 6,404
Special charges (credits) and reorganization expenses .......... — 4,978 380
Loss on divestitures of assets and product lines ................ — 122,887 —
Operating income (loss) ..................................... 65,109 (113,928) 18,982
Interest expense, net ........................................ 12,611 11,791 11,917
Income (loss) before taxes and minority interest ................. 52,498 (125,719) 7,065
Income tax provision (benefit) ................................ 16,189 (40,443) 2,402
Minority interest in gain (loss) of consolidated subsidiary ......... — 153 (259)
Net income (loss) ........................................... $ 36,309 $ (85,429) $ 4,922
Basic earnings (loss) per share:
Net income (loss) ......................................... $ 2.60 $ (6.71) $ 0.39
Diluted earnings (loss) per share:
Net income (loss) ......................................... $ 2.52 $ (6.71) $ 0.39
Weighted average shares outstanding:
Basic ................................................... 13,940 12,726 12,676
Diluted ................................................. 14,392 12,726 12,766
The accompanying notes are an integral part of the consolidated financial statements.
PG. 24