Bridgford Foods Corp | Investor Service

1999 Annual Report

(page 7)


 

Consolidated Statements of Income (in thousands, except per share amounts)
    Fiscal year ended
    November 1
2002
  November 2
2001
  November 3
2000
   
Net sales   $139,202
  $152,464
  $152,764
Cost of products sold,            
excluding depreciation   88,460
  96,733
  95,561
Selling, general and            
administrative expenses   44,263
  41,626
  39,291
Depreciation   4,208
  4,033
  3,772
    136,931
  142,392
  138,624
Income before taxes   2,271
  10,072
  14,140
Provision for taxes on income    1,133
  3,828
  5,374
Net income   $1,138
  $6,244
  $8,766
Basic earnings per share   $0.11
  $0.59
  $0.80
Shares used to compute basic            
earnings per share    10,448,271
  10,538,091
  10,907,701
Diluted earnings per share   $0.11
  $0.59
  $0.80
Shares used to compute diluted            
earnings per share   10,488,683
  10,595,105
  10,926,630
             

 

 

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (in thousands)
    Common stock   Capital
in excess
of par
  Retained
earnings
  Accumulated
Comprehensive
Income (loss)
  Total
shareholder's
equity
Shares   Amount
   
 
 
 
 
 
Balance, October 29,1999
  $11,370
  $11,427   $26,347   $20,361
      $58,135
Net income               8,766       8,766
Cash dividends paid ($.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   19,459   26,065       56,196
Net income               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
Net income               1,138       1,138
Cash dividends paid ($.26 per share)               (2,717)       (2,717)
Accumulated comprehensive
                       
net income (loss)    
   
   
   
  (1,366)
  (1,366)
Balance, November 1, 2002   $10,448
  $10,505
  $17,475
  $27,776
  ($1,366)
  $54,390

 

See accompanying notes to consolidated financial statements.

(page 8)

 

 


 
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