Bridgford Foods Corp | Investor Service

 
(page 6)

Consolidated Statements of Income (in thousands, except per share amounts)

      Fiscal year ended
      (52 weeks)
November 2
2001
    (53 weeks)
November 3
2000
    (52 weeks)
October 29
1999
Net sales     $156,361     $156,292     $138,786
     
   
   
Cost of products sold, excluding depreciation     96,305     95,296     80,544
Selling, general and administrative expenses     45,951     43,084     38,780
Depreciation     4,033     3,772     3,292
     
   
   
      146,289     142,152     122,616
     
   
   
Income before taxes     10,072     14,140     16,170
Provision for taxes on income     3,828     5,374     6,145
     
   
   
Net income     $6,244     $8,766     $10,025
     
   
   
Net income per share     $0.59     $0.80     $0.88
             
Shares used to compute basic earnings per share   10,538,091   10,907,701   11,369,812
Diluted earnings per share   $0.59   $0.80   $0.88
             
Shares used to compute diluted earnings per share   10,595,091   10,926,630   11,374,714

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (in thousands)

      Common stock     Capital in excess of par
    Retained earnings
    Total shareholder's equity
Shares
    Amount
Balance, October 30, 1998     11,370     $11,427     $26,347     $13,068     $50,842
- Net income (52 weeks)                       10,025     10,025
- Cash dividends paid ($.24 per share)                       (2,732)     (2,732)
     
   
   
   
   
Balance, October 29, 1999     11,370     11,427     26,347     20,361     58,135
- Net income (53 weeks)                       8,766     8,766
- Cash dividends paid ($.28 per share)                       (3,062)     (3,062)
- Shares repurchased and retired   (755)   (755)   (6,888)       (7,643)
Balance, November 3, 2000     10,615     10,672     19,4597     26,065     56,196
- Net income (52 weeks)                       6,244     6,244
- Cash dividends paid ($.28 per share)                       (2,954)     (2,954)
- Shares repurchased and retired   (167)   (167)   (1,984)       (2,151)
     
   
   
   
   
Balance, November 2, 2001     10,448     $10,505     $17,475     $29,355     $57,335

 
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