Bridgford Foods Corp | Investor Service


(page 7)


 

Consolidated Statements of Income (in thousands, except per share amounts)
    Fiscal year ended
    October 31
2003
  November 1
2002
  November 2
2001
   
Net sales   $136,251
  $139,202
  $152,464
Cost of products sold,            
excluding depreciation   86,211
  88,460
 

96,733

Selling, general and            
administrative expenses   43,776
  44,263
 

41,626

Depreciation   4,313
  4,208
  4,033
    134,300
  136,931
  142,392
Income before taxes   1,951
  2,271
 

10,072

Provision for taxes on income    741
  1,133
  3,828
Net income   $1,210
  $1,138
  $6,244
Basic earnings per share   $0.12
  $0.11
  $0.59
Shares used to compute basic            
earnings per share    10,381,477
  10,448,271
  10,538,091
Diluted earnings per share   $0.12
  $0.11
  $0.59
Shares used to compute diluted            
earnings per share   10,381,477
  10,488,683
  10,595,105
             

 

 

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, November 3, 2000
  $10,615
  $10,672   $19,459   $20,065       $56,196
Net income               6,244       6,244
Cash dividends paid ($.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)
Other comprehensive loss           $ (1,366)  
(1,366)
Balance, November 1, 2002   10,448   10,505   17,475   27,776   (1,366)   54,390
Net income               1,210       1,210
Shares repurchased and retired   (172)   (172)   (1,135)           (1,307)
Cash dividends paid ($.16 per share)               (1,665)       (1,665)
Other comprehensive loss           (295)
  (295)
Balance, October 31, 2003   $10,276
  $10,333
  $16,340
  $27,321
  ($1,661)
  $52,333

See accompanying notes to consolidated financial statements.

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