-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LLELVJrJTVgDuzffLWXqYPQmOohTxThqhC9u9Orh4pMKlnyEUGNxfC9iqq10FqRL xx/3aE6uiUYrMJ7fMrQu2A== 0000898430-01-500009.txt : 20010321 0000898430-01-500009.hdr.sgml : 20010321 ACCESSION NUMBER: 0000898430-01-500009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20010319 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010320 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIZZLER INTERNATIONAL INC CENTRAL INDEX KEY: 0000870760 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 954307254 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-10711 FILM NUMBER: 1572163 BUSINESS ADDRESS: STREET 1: 6101 W CENTINELA AVE STREET 2: STE 200 CITY: CULVER CITY STATE: CA ZIP: 90230 BUSINESS PHONE: 3105680135 FORMER COMPANY: FORMER CONFORMED NAME: COLLINS FOODS INC DATE OF NAME CHANGE: 19600201 8-K 1 d8k.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report: March 19, 2001 (Date of earliest event reported) 1-10711 --------- (Commission File No.) Sizzler International, Inc. ------------------------------- (Exact name of Registrant as specified in its charter) Delaware 95-4307254 -------- ---------- (State or other jurisdiction of incorporation) (IRS Employer Identification Number) 6101 West Centinela Avenue, Suite 200, Culver City, CA 90230 ------------------------------------------------------------ (Address of principal executive offices, including zip code) (310) 568-0135 ------------------- (Registrant's telephone number, including area code) ITEM 5. OTHER EVENTS On January 31, 2001 Sizzler International, Inc. (the "Company") issued a press release announcing the opening of the tenth Oscar's restaurant, located in Lake Forest, California. A copy of the press release is filed with this report. On March 5, 2001 the Company issued a press release announcing it will hold a quarterly conference to discuss third quarter results, which press release is filed with this report. On March 8, 2001, the Company issued a press release announcing the appointment of A. Keith Wall to Chief Financial Officer, which press release is filed with this report. On March 8, 2001, the Company issued a press release announcing earnings and same-store sales for the third quarter, which press release is filed with this report. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS Exhibit No. Description - ----------- -------------- 99.1 Press Release dated January 31, 2001. 99.2 Press Release dated March 5, 2001. 99.3 Press Release dated March 8, 2001. 99.4 Press Release dated March 8, 2001. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunder duly authorized. Sizzler International, Inc. By: /s/ Mary E. Arnold ------------------------------ Name: Mary E. Arnold Title: Vice President and Controller Dated: March 19, 2001 - more - EX-99.1 2 dex991.txt PRESS RELEASE DATED 01/31/01 EXHIBIT 99.1 [LETTERHEAD OF SIZZLER INTERNATIONAL, INC.] N E W S B U L L E T I N RE: SIZZLER INTERNATIONAL, INC. 6101 W. Centinel Ave., Suite 200 Culver City, CA 90230 FROM: (310) 568-0135 NYSE: SZ [LOGO OF THE FINANCIAL RELATIONS BOARD]
- ----------------------------------------------------------------------------------------------------------------- FOR FURTHER INFORMATION: AT THE COMPANY: AT THE FINANCIAL RELATIONS BOARD: Charles L. Boppell Kim Forster Haris Tajyar Tricia Ross President and CEO Vice President, Planning General Information Investor/Analyst Contact (310) 568-0135 (310) 568-0135 (310) 442-0599 (310) 442-0599 - -----------------------------------------------------------------------------------------------------------------
FOR IMMEDIATE RELEASE January 31, 2001 SIZZLER ANNOUNCES OPENING OF TENTH OSCAR'S RESTAURANT CULVER CITY, CA-- January 31, 2001--Sizzler International, Inc. (NYSE: SZ) announced today the opening of the tenth Oscar's restaurant, located in Lake Forest, California. This is the third Oscar's in Orange County, reflecting the company's strategy of expanding into neighboring counties from its San Diego base. "We're pleased to announce this Oscar's grand-opening, which benefited the Make- A-Wish Foundation of Orange County," said Charles L. Boppell, President and CEO of Sizzler International, Inc. "Continuing to open new Oscar's is a key element of Sizzler's long term growth strategy and an important driver of future revenue and earnings growth. During 2001, we expect to open several more Oscar's in Southern California. With a strong regional following in San Diego, Oscar's has proven that its management, menu and operating model are ideally positioned for expansion into new markets." Oscar's was founded in 1991 with the intention of serving great food fast to accommodate busy lives. The company currently operates 10 restaurants in San Diego and Orange Counties in California, and in Phoenix. Sizzler International, Inc. acquired an 82 percent interest in the company in August 2000. About Sizzler Sizzler International, Inc. operates, franchises or joint ventures 348 Sizzler(R) restaurants worldwide, in addition to 105 KFC(R) restaurants primarily located in Queensland, Australia and 10 Oscar's in the southwest United States. Certain statements contained in this document may be deemed to be forward- looking statements under federal securities laws. These include statements regarding (1) the continued success of the operations of Oscar's restaurants; and (2) the timing of the opening and the location of future Oscar's restaurants. Sizzler cautions that these statements are qualified in their entirety by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained herein. Such factors include, but are not limited to (a) the continued success of Oscar's food offerings; (b) the ability to successfully identify, acquire and develop additional locations for Oscar's restaurants; and (c) - more - Sizzler International, Inc. Page 2 of 2 other risks as detailed from time to time in Sizzler's SEC reports, including Quarterly Reports on Form 10Q, Current Reports on Form 8-K, and Annual Reports on Form 10-K. ### EX-99.2 3 dex992.txt PRESS RELEASE DATED 03/05/01 EXHIBIT 99.2 N E W S B U L L E T I N FROM: [LOGO OF THE FINANCIAL RELATIONS BOARD] [LOGO OF SIZZLER INTERNATIONAL, INC.] RE: SIZZLER INTERNATIONAL, INC. 6101 W. Centinela Ave., Suite 200 Culver City, CA 90230 (310) 568-0135 NYSE: SZ
- ------------------------------------------------------------------------------------------------------ AT THE COMPANY: AT THE FINANCIAL RELATIONS BOARD: Charles Boppell Kim Forster Haris Tajyar Tricia Ross President and CEO Vice President, Planning General Information Investor Contact (310) 568-0135 (310) 568-0135 (310) 442-0599 (310) 442-0599 - ------------------------------------------------------------------------------------------------------
FOR IMMEDIATE RELEASE March 5, 2001 SIZZLER INTERNATIONAL ANNOUNCES UPCOMING THIRD QUARTER CONFERENCE CALL CULVER CITY, CA--March 5, 2001--Sizzler International, Inc. (NYSE: SZ) today announced that members of the public are invited to listen to the Company's live quarterly call on the Internet, on Thursday, March 8, 2001 at 8:00 AM PST / 11:00 AM EST. The conference call will feature Charles Boppell, President and CEO, in a discussion of third-quarter results and recent operating developments. Financial results will be released over the news wires before the market opens on Thursday, March 8, 2001. The public will have the opportunity to listen to the live conference call over the Internet through StreetEvents at www.streetevents.com. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. About Sizzler Sizzler International, Inc. operates, franchises or joint ventures 347 Sizzler(R) restaurants worldwide, in addition to 104 KFC(R) restaurants primarily located in Queensland, Australia and 10 Oscar's in the southwest United States. To the extent that certain statements contained in this document may be deemed under federal securities laws to be forward-looking statements, Sizzler intends that they be subject to the safe-harbor applicable to forward-looking statements under such laws. For more information on Sizzler International, Inc. via facsimile at no cost, simply call 1-800-PRO-INFO and dial client code "SZ." - more - Financial Relations Board, Inc. serves as financial relations counsel to this company is acting on the company's behalf in issuing this bulletin and receiving compensation therefor. The information contained herein is furnished for information purposes only and is not to be construed as an offer to buy or sell securities EX-99.3 4 dex993.txt PRESS RELEASE DATED 03/08/01 EXHIBIT 99.3 N E W S B U L L E T I N FROM: [LOGO OF THE FINANCIAL RELATIONS BOARD] [LOGO OF SIZZLER INTERNATIONAL, INC.] RE: SIZZLER INTERNATIONAL, INC. 6101 W. Centinela Ave., Suite 200 Culver City, CA 90230 (310) 568-0135 NYSE: SZ
- -------------------------------------------------------------------------------------------------------------- AT THE COMPANY: AT THE FINANCIAL RELATIONS BOARD: Charles Boppell Kim Forster Haris Tajyar Tricia Ross President and CEO Vice President, Planning General Information Investor Contact (310) 568-0135 (310) 568-0135 (310) 442-0599 (310) 442-0599 - --------------------------------------------------------------------------------------------------------------
FOR IMMEDIATE RELEASE March 8, 2001 SIZZLER INTERNATIONAL ANNOUNCES NEW CFO CULVER CITY, CA--March 8, 2001--Sizzler International, Inc. (NYSE: SZ) today announced the appointment of A. Keith Wall, 48, to Chief Financial Officer. Mr. Wall replaces Steven Selcer who left last year to pursue other interests. "Keith comes to Sizzler with extensive experience helping companies engineer significant and sustainable financial improvements," said Chuck Boppell, President and Chief Executive Officer of Sizzler International, Inc. "He will play a key role in aligning our growth with our financial resources. We are pleased to have added another high quality executive to our management team and look forward to his contributions." Mr. Wall has more than 24 years of financial and operational experience, including a series of increasingly more responsible financial positions in the food service industry at Taco Bell and Western Sizzlin, Inc. Most recently, Mr. Wall served as CFO for Commerce, California-based Central Financial Acceptance Corporation, a diversified organization with more than 25 subsidiaries and affiliates, where he was responsible for all the company's financial functions, human resources and administration. Mr. Wall joined Central Financial following the sale of its affiliate Central Rents, Inc. in 1998 at which time he served as Central Rents' CFO. Prior to Central Rents, Mr. Wall served as Vice President and Controller for Thorn Americas, the operator of Rent-A-Center and Rent-to-Own stores. Thorn Americas recorded sales of nearly $1 billion last year. - more - Financial Relations Board, Inc. serves as financial relations counsel to this company is acting on the company's behalf in issuing this bulletin and receiving compensation therefor. The information contained herein is furnished for information purposes only and is not to be construed as an offer to buy or sell securities Sizzler International, Inc. Page 2 of 2 Mr. Wall, a CPA, holds a BS in Business Administration from the Virginia Polytechnic Institute and State University as well as an MBA from the University of Denver. About Sizzler Sizzler International, Inc. operates, franchises or joint ventures 347 Sizzler(R) restaurants worldwide, in addition to 104 KFC(R) restaurants primarily located in Queensland, Australia and 10 Oscar's in the southwest United States. To the extent that certain statements contained in this document may be deemed under federal securities laws to be forward-looking statements, Sizzler intends that they be subject to the safe-harbor applicable to forward-looking statements under such laws. For more information on Sizzler International, Inc. via facsimile at no cost, simply call 1-800-PRO-INFO and dial client code "SZ. ### EX-99.4 5 dex994.txt PRESS RELEASE FOR 3RD QUARTER FINANCIAL RESULTS SIZZLER INTERNATIONAL, INC. Page 1 of 8 EXHIBIT 99.4 N E W S B U L L E T I N FROM: [LOGO OF THE FINANCIAL RELATIONS BOARD] [LOGO OF SIZZLER INTERNATIONAL, INC.] RE: SIZZLER INTERNATIONAL, INC. 6101 W. Centinela Ave., Suite 200 Culver City, CA 90230 (310) 568-0135 NYSE: SZ
- --------------------------------------------------------------------------------------------------------------- AT THE COMPANY: AT THE FINANCIAL RELATIONS BOARD: Charles Boppell Kim Forster Haris Tajyar Tricia Ross President and CEO Vice President, Planning General Information Investor Contact (310) 568-0135 (310) 568-0135 (310) 442-0599 (310) 442-0599 - ---------------------------------------------------------------------------------------------------------------
FOR IMMEDIATE RELEASE March 8, 2001 SIZZLER INTERNATIONAL REPORTS THIRD QUARTER FINANCIAL RESULTS HIGHLIGHTS: . Total revenues increase over 7.0% to $76.9 million . Earnings impacted by Australian exchange rate, store opening costs and E. coli . Same-store sales growth of 5.5% at Oscar's . Oscar's growth plan on-track with 10th store opening . Sizzler USA opens first new company store in eight years and completes re- imaging program as scheduled CULVER CITY, CA--March 8, 2001--Sizzler International, Inc. (NYSE: SZ) today reported financial results for the sixteen week and forty week periods of fiscal 2001 ended February 4, 2001. For the third quarter of fiscal 2001, Sizzler reported revenues of $76.9 million, a 7.0% increase over revenues of $71.9 million reported for the same period in fiscal 2000. Excluding the effect of the weakening Australian dollar exchange rate, revenue would have been $84.3 million, an increase of more than 17% over prior year. The Company reported a net loss for the quarter of $1.4 million, or ($0.05) per diluted share, compared to a net loss of $4.9 million, or ($0.17) per diluted share, for the same period last year. Excluding one- time items, the Company posted net income of $1.3 million, or $0.05 per share for the quarter last year. - more - Financial Relations Board, Inc. serves as financial relations counsel to this company is acting on the company's behalf in issuing this bulletin and receiving compensation therefor. The information contained herein is furnished for information purposes only and is not to be construed as an offer to buy or sell securities Sizzler International, Inc. Page 2 of 8 "Operationally, we achieved several milestones during the quarter. We successfully completed the re-imaging of our domestic Company-owned Sizzlers and opened our first Company-owned Sizzler in eight years. In addition, Oscar's continues to successfully execute its growth strategy and opened its tenth unit," said Charles Boppell, President and CEO of Sizzler International. "However, this quarter's operating results represent a short pause as we invest in Sizzler's long term future with the Oscar's expansion and Sizzler USA remodels. As expected, Oscar's accounted for $1.2 million in losses this quarter. This is attributable in large part to costs associated with new store openings and the infrastructure needed to support future unit growth. In addition, we were affected by the dramatic decline in the Australian dollar exchange rate, and residual negative perceptions due to the E.coli episode last year," said Boppell. Nine Month Results For the forty weeks ended February 4, 2001, the Company reported revenues of $186.2 million, an increase of 1.1% from $184.2 million for the same period last year. Sizzler reported net income of $1.8 million, or $0.06 per diluted share, compared with a net loss of $0.3 million, or ($0.01) per diluted share, for the year-ago period. Re-Imaging of Company-owned Sizzlers Completed on Schedule "The re-imaging of our domestic stores is the foundation for the future growth of the Sizzler brand in the U.S. We're proud of the on-time, successful completion of this re-imaging at 56 locations, which represents our entire company owned restaurant system, with the exception of the restaurants that we recently acquired and units subject to short leases," said Thomas E. Metzger, President and CEO of Sizzler USA. "In conjunction with the remodeling and repositioning of Sizzler USA from a buffet to a grill and steakhouse concept, we've also expanded our television advertising campaign to reach Hispanic markets and have introduced the Sizzler Chef as a recurring theme." Same store sales for the sixteen weeks ended February 4, 2001 increased 0.1% across Company-owned locations, compared to same period last year. "We continue to see positive customer response to our remodels, in line with their performance in the second quarter. Stores that were fully launched and established in their markets before the E.coli incident continue to be our strongest performers. The stores launched during and after the incident have needed longer to attract new customers" said Metzger. "In addition, our domestic stores did suffer from the impact of colder, wetter weather conditions than during last year's winter." Oscar's Growth Plan "During the third quarter, Oscar's generated strong same store sales increases of 5.5% versus last year," said Mr. Boppell. "In January, we also opened the tenth Oscar's, in Orange County, California. Continuing with our regional expansion strategy, we're planning to open an additional four to six units during the course of the next twelve months," concluded Boppell. - more - Sizzler International, Inc. Page 3 of 8 Oscar's contributed $9.4 million in revenue in the third quarter and, as stated at the time of the acquisition, is expected to be accretive to earnings in its second full year. Australian Operations Strong in Spite of Exchange Rate Weakness The over 16% decline in the Australian exchange rate continues to negatively affect reported revenue, but does not impact business fundamentals. Consumers are gradually adjusting to the recently-imposed 10% goods and services tax (GST). KFC experienced 2.6% sales same store growth, while the higher check average Sizzler reported a modest 0.5% decrease in same stores sales compared to the year-ago period. During the third quarter, the Australian credit facility was reduced to $23.0 million. Approximately $1.9 million in debt payments were made in Australian currency and were not affected by the exchange rate. Investor Conference Call Sizzler will be holding an investor conference call to discuss the Company's financial and operational results Thursday, March 8, 2001 at 11:00 am EST. The public will have the opportunity to listen to the live conference call over the Internet through StreetEvents at www.streetevents.com. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. About Sizzler Sizzler International, Inc. operates, franchises or joint ventures 347 Sizzler(R) restaurants worldwide, in addition to 104 KFC(R) restaurants primarily located in Queensland, Australia and 10 Oscar's in the southwest United States. To the extent that certain statements contained in this document may be deemed under federal securities laws to be forward-looking statements, Sizzler intends that they be subject to the safe-harbor applicable to forward-looking statements under such laws. Such statements may include, but are not limited to, statements regarding (i) the anticipated growth in sales at Sizzler locations; (ii) the timing of the opening of new Oscar's restaurants; (iii) whether Oscar's will be accretive to earnings in the second year; and (iv) sales and earnings from Australian Sizzler(R) and KFC units. Sizzler cautions that these statements are qualified by important factors that could cause actual results to differ from those reflected by the forward-looking statements contained herein. Such factors include, but are not limited to, (a) the continuing favorable response to Sizzler's newly remodeled stores and/or new food offerings and eliminating any residual impact from E.coli; (b) Oscar's ability to locate suitable restaurant sites and open units as scheduled; (c) the performance of new Oscar's units and the continued growth in sales at existing Oscar's restaurants; (d) whether the Australian Goods and Services Tax (GST) will continue to have any adverse impact on KFC and Sizzler; and (e) other risks as detailed from - more - Sizzler International, Inc. Page 4 of 8 time to time in Sizzler's SEC reports, including Quarterly Reports on Form 10Q, Current Reports on Form 8-K, and Annual Reports on Form 10-K. For more information on Sizzler International, Inc. via facsimile at no cost, simply call 1-800-PRO-INFO and dial client code "SZ." [ tables to follow ] - more - Sizzler Inernational, Inc. Page 5 of 8 SIZZLER INTERNATIONAL, INC CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE SIXTEEN WEEKS ENDED FEBRUARY 4, 2001 AND FEBRUARY 6, 2000 (In thousands, except for per share data)
SIXTEEN WEEKS ENDED ------------------- FEBRUARY 4, FEBRUARY 6, 2001 2000 ------------------- ------------------- (Unaudited) Revenues Restaurants $ 74,937 $ 69,828 Franchise operations 1,986 2,077 ----------- ----------- Total revenues 76,923 71,905 ----------- ----------- Costs and Expenses Cost of sales 26,053 25,666 Labor and related expenses 21,692 19,177 Other operating expenses 18,603 15,574 Depreciation and amortization 3,131 2,652 Non-recurring items - 12,087 General and administrative expenses 7,754 6,713 ----------- ----------- Total operating costs 77,233 81,869 ----------- ----------- Interest expense 1,117 1,090 Investment income (315) (516) Other income (350) (791) ----------- ----------- Total costs and expenses 77,685 81,652 ----------- ----------- Loss before income taxes (762) (9,747) ----------- ----------- Provision (benefit) for income taxes 614 (4,896) ----------- ----------- Net loss $ (1,376) $ (4,851) =========== =========== Basic and diluted loss per share $ (0.05) $ (0.17) ----------- -----------
- more - Sizzler International, Inc. Page 6 of 8 SIZZLER INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE FORTY WEEKS ENDED FEBRUARY 4, 2001 AND FEBRUARY 6, 2000 (In thousands, except for per share data)
FORTY WEEKS ENDED ----------------- FEBRUARY 4, FEBRUARY 6, 2001 2000 ----------- ----------- (Unaudited) Revenues Restaurants $179,703 $177,878 Franchise operations 6,515 6,295 -------- -------- Total revenues 186,218 184,173 -------- -------- Costs and Expenses Cost of sales 63,729 65,376 Labor and related expenses 50,955 48,554 Other operating expenses 43,292 38,846 Depreciation and amortization 7,045 6,884 Non-recurring items - 12,087 General and administrative expenses 16,983 15,465 -------- -------- Total operating costs 182,004 187,212 -------- -------- Interest expense 2,797 2,778 Investment income (1,327) (896) Other income (347) (791) -------- -------- Total costs and expenses 183,127 188,303 -------- -------- Income (loss) before income taxes 3,091 (4,130) -------- -------- Provision (benefit) for income taxes 1,292 (3,848) -------- -------- Net income (loss) $ 1,799 $ (282) ======== ======== Basic and diluted earnings (loss) per share $ 0.06 $ (0.01) ======== ========
- more - Sizzler International, Inc. Page 7 of 8 SIZZLER INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands)
FEBRUARY 4, APRIL 30, ASSETS 2001 2000 ---------------- --------------- (Unaudited) (Audited) Current Assets Cash and cash equivalents $ 18,131 $ 38,789 Receivables, net of reserves of $737 at February 4, 2001 and $847 at April 30, 2000 2,528 4,173 Inventories 4,235 4,333 Prepaid expenses and other current assets 5,134 3,676 --------- --------- Total current assets 30,028 50,971 --------- --------- Property and equipment, net 59,952 46,316 Property held for sale, net 7,438 8,931 Long-term notes receivable, net of reserves of $133 at February 4, 2001 and $73 at April 30, 2000 740 1,224 Deferred income taxes 3,367 3,405 Intangible assets, net of accumulated amortization of $1,261 at February 4, 2001 and $889 at April 30, 2000 20,047 1,876 Other assets 4,777 3,157 --------- --------- Total assets $ 126,349 $ 115,880 ========= =========
- more - Sizzler International, Inc. Page 8 of 8 SIZZLER INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands)
FEBRUARY 4, APRIL 30, LIABILITIES AND STOCKHOLDERS' INVESTMENT 2001 2000 ----------------- --------------- (Unaudited) (Audited) Current Liabilities: Current portion of long-term debt $ 5,968 $ 5,206 Accounts payable 8,182 8,196 Other current liabilities 13,703 10,209 Income taxes payable 926 2,530 ---------- ---------- Total current liabilities 28,779 26,141 ---------- ---------- Long-term Liabilities: Long-term debt, net of current portion 27,784 21,198 Deferred gain 7,664 8,269 Pension liability 9,337 9,637 ---------- ---------- Total long-term liabilities 44,785 39,104 ---------- ---------- Stockholders' Investment Capital stock- Preferred, authorized 1,000,000 shares, $5 par value; no shares issued - - Common, authorized 50,000,000 shares, $0.01 par value; issued and outstanding 27,637,186 shares at February 6, 2001 and 28,067,539 at April 30, 2000 288 288 Additional paid-in capital 279,491 278,408 Accumulated deficit (217,970) (219,769) Treasury stock, 1,129,400 shares at cost at February 6, 2001 and 706,700 at April 30, 2000 (2,894) (1,948) Accumulated other comprehensive income (6,130) (6,344) ---------- ---------- Total stockholders' investment 52,785 50,635 ---------- ---------- Total liabilities and stockholders' investment $ 126,349 $ 115,880 ========== ==========
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