Sunbeam 2003 Annual Report Download - page 34

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Jarden Corporation
Consolidated Statements of Operations
(in thousands, except per share amounts)
Year ended December 31,
2003 2002 2001
Net sales ......................................... $587,381 $367,104 $ 304,276
Costs and expenses:
Cost of sales .................................. 362,379 216,629 232,634
Selling, general and administrative expenses ....... 131,719 85,366 52,552
Restricted stock charge ......................... 21,833 — —
Goodwill amortization .......................... — — 5,153
Special charges and reorganization expenses ....... — — 4,978
Loss on divestitures of assets and product lines ..... — — 122,887
Operating earnings (loss) ........................... 71,450 65,109 (113,928)
Interest expense, net ............................... 19,184 12,611 11,791
Income (loss) before taxes and minority interest ....... 52,266 52,498 (125,719)
Income tax provision (benefit) ...................... 20,488 16,189 (40,443)
Minority interest in gain of consolidated subsidiary ..... — — 153
Net income (loss) ................................. $ 31,778 $ 36,309 $ (85,429)
Basic earnings (loss) per share:
Net income (loss) ............................. $ 1.40 $ 1.74 $ (4.48)
Diluted earnings (loss) per share:
Net income (loss) ............................. $ 1.35 $ 1.68 $ (4.48)
Weighted average shares outstanding:
Basic ........................................ 22,663 20,910 19,089
Diluted ...................................... 23,531 21,588 19,089
The accompanying notes are an integral part of the consolidated financial statements.
page 32