October 31, 1996 and 1995 1996 1995
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ASSETS
Current assets:
Cash and cash equivalents $ 31,879,000 $ 36,590,000
Marketable securities 4,618,000 16,015,000
Trade accounts receivable, less allowance for
doubtful accounts of $8,763,000 (1996) and
$6,269,000 (1995) 156,817,000 114,532,000
Inventories 33,509,000 27,028,000
Prepaid expenses and other current assets 8,080,000 6,184,000
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Total current assets 234,903,000 200,349,000
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Real estate, equipment and leasehold improvements:
Land and buildings 70,936,000 57,718,000
Machinery and plant equipment 119,685,000 104,182,000
Leasehold improvements 24,273,000 17,644,000
Furniture, fixtures and vehicles 24,493,000 20,582,000
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239,387,000 200,126,000
Less depreciation and amortization to date 110,804,000 94,996,000
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128,583,000 105,130,000
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Other assets:
Excess of cost of subsidiaries over net
assets at date of acquisition 13,867,000 14,223,000
Deferred income taxes 3,194,000 1,713,000
Other 5,275,000 4,255,000
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22,336,000 20,191,000
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TOTALS $385,822,000 $325,670,000
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1996 1995
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Notes payable and current portion of long-term debt $ 2,753,000 $ 3,075,000
Accounts payable 21,317,000 16,961,000
Employees' compensation 40,739,000 30,891,000
Accrued expenses 16,247,000 12,650,000
Income taxes payable 6,485,000 3,723,000
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Total current liabilities 87,541,000 67,300,000
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Other liabilities:
Long-term debt Ñ net of current portion 2,495,000 2,830,000
Deferred employee compensation and benefits 15,052,000 14,031,000
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Total liabilities 105,088,000 84,161,000
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Stockholders' equity:
Preferred stock:
Authorized 1,000,000 shares, par value $.01
Issuable in series Ñ none issued
Common stock:
Authorized 60,000,000 shares, par value $.01
Issued 19,365,605 shares (1996) and
19,067,429 shares (1995) 194,000 191,000
Additional paid-in capital 28,090,000 24,270,000
Retained earnings 271,195,000 235,027,000
Unrealized gains on investments 747,000 1,307,000
Foreign currency translation adjustment (882,000) (1,093,000)
Treasury stock, at cost, 1,677,184 shares (1996)
and 1,657,196 shares (1995) (18,610,000) (18,193,000)
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Total stockholders' equity 280,734,000 241,509,000
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TOTALS $385,822,000 $325,670,000
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See Notes to Consolidated Financial Statements.
Index |
1996 Financials Index |
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