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Segment Results - Fiscal Year 2003 |
(in thousands of $’s, except per share data)
| Fiscal 2003 | Increase(Decrease) From Fiscal 2002 | ||||||||||
| First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total FY03 | Percent Of Sales |
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |
| Sales | 34,548 | 33,300 | 37,737 | 39,426 | 145,011 | 100% | 4,705 | 2,163 | 3,451 | 3,790 | 14,109 |
| Costof sales | 8,690 | 8,371 | 8,756 | 9,579 | 35,396 | 24% | 1,142 | 342 | 364 | 1,039 | 2,887 |
| Gross margin | 25,858 | 24,929 | 28,981 | 29,847 | 109,615 | 76% | 3,563 | 1,821 | 3,087 | 2,751 | 11,222 |
| Gross margin percentage | 74.85% | 74.86% | 76.80% | 75.70% | 75.59% | ||||||
| SG&A expense | 4,951 | 4,901 | 4,706 | 4,819 | 19,377 | 13% | 262 | 145 | 237 | (1,067) | (423) |
| R&D expense | 4,833 | 4,979 | 5,285 | 5,484 | 20,581 | 14% | 843 | 670 | 843 | 755 | 3,111 |
| Amortization expense | 484 | 485 | 485 | 485 | 1,939 | 1% | (1,652) | (1,652) | (1,653) | (1,653) | (6,610) |
| Litigation settlement | -- | -- | -- | -- | -- | -- | -- | -- | -- | (17,500) | (17,500) |
| Interest expense | 323 | 297 | 178 | 176 | 974 | 1% | (16) | (38) | (145) | (147) | (346) |
| Interest income | (790) | (704) | (732) | (707) | (2,933) | (2%) | 172 | 209 | 154 | 268 | 803 |
| Othernon-operating exp., net | 150 | (17) | (58) | 47 | 122 | -- | 303 | (95) | (117) | 276 | 367 |
| 9,951 | 9,941 | 9,864 | 10,304 | 40,060 | 28% | (88) | (761) | (681) | (19,068) | (20,598) | |
| Earnings before income taxes | 15,907 | 14,988 | 19,117 | 19,543 | 69,555 | 48% | 3,651 | 2,582 | 3,768 | 21,819 | 31,820 |
| Income taxes | 5,462 | 5,107 | 6,724 | 6,866 | 24,159 | 17% | 1,631 | 1,135 | 1,948 | 8,839 | 13,553 |
| 10,445 | 9,881 | 12,393 | 12,677 | 45,396 | 31% | 2,020 | 1,447 | 1,820 | 12,980 | 18,267 | |
| Diluted earnings per share | 0.25 | 0.23 | 0.30 | 0.31 | 1.08 | ||||||
| Weighted average diluted shares outstanding | 42,286 | 42,316 | 41,991 | 41,496 | 42,032 | ||||||
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(in thousands of $’s)
| Fiscal 2003 | Increase(Decrease) From Fiscal 2002 | |||||||||||
| First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total FY03 | Percent Of Sales | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | ||
| Sales | 3,774 | 3,987 | 3,996 | 4,909 | 16,666 | 100% | 124 | 163 | 365 | 443 | 1,095 | |
| Cost of sales | 2,137 | 2,113 | 2,180 | 2,374 | 8,804 | 53% | 53 | (12) | 55 | 148 | 244 | |
| Gross margin | 1,637 | 1,874 | 1,816 | 2,535 | 7,862 | 47% | 71 | 175 | 310 | 295 | 851 | |
| Gross margin percentage | 43.38% | 47.00% | 45.45% | 51.64% | 47.17% | |||||||
| SG&A expense | 400 | 366 | 365 | 376 | 1,507 | 9% | 46 | 5 | 19 | (189) | (119) | |
| R&D expense | 173 | 193 | 199 | 205 | 770 | 5% | (11) | 2 | 1 | 44 | 36 | |
| Interest income | (101) | (83) | (87) | (82) | (353) | (2%) | 12 | 25 | 19 | 35 | 91 | |
| 472 | 476 | 477 | 499 | 1,924 | 12% | 47 | 32 | 39 | (110) | 8 | ||
| Pretax result | 1,165 | 1,398 | 1,339 | 2,036 | 5,938 | 36% | 24 | 143 | 271 | 405 | 843 | |
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(in thousands of $’s)
| From Fiscal 2003 | Increase(Decrease) From Fiscal 2002 | ||||||||||
| First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total FY03 | Percent Of Sales | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |
| Sales | 26,638 | 24,955 | 28,516 | 28,986 | 109,095 | 100% | 3,455 | 1,107 | 1,228 | 1,924 | 7,714 |
| Intersegment sales | (4,150) | (4,501) | (4,874) | (4,605) | (18,130) | (332) | (372) | (288) | (411) | (1,403) | |
| 22,488 | 20,454 | 23,642 | 24,381 | 90,965 | 3,123 | 735 | 940 | 1,513 | 6,311 | ||
| Cost of sales | 5,726 | 5,460 | 5,692 | 6,066 | 22,944 | 21% | 917 | 207 | 96 | 674 | 1,894 |
| Intersegment sales | (4,150) | (4,483) | (4,868) | (4,607) | (18,108) | (450) | (249) | (441) | (280) | (1,420) | |
| 1,576 | 977 | 824 | 1,459 | 4,836 | 467 | (42) | (345) | 394 | 474 | ||
| Gross margin | 20,912 | 19,477 | 22,818 | 22,922 | 86,129 | 79% | 2,656 | 777 | 1,285 | 1,119 | 5,837 |
| Gross margin percentage | 78.50% | 78.12% | 80.04% | 79.07% | 78.97% | ||||||
| SG&A expense | 2,712 | 2,841 | 2,646 | 2,626 | 10,825 | 10% | 91 | 56 | (9) | (960) | (822) |
| R&D expense | 3,963 | 4,127 | 4,163 | 4,370 | 16,623 | 15% | 287 | 392 | 448 | 617 | 1,744 |
| Amortization expense | 484 | 485 | 485 | 485 | 1,939 | 2% | (1,652) | (1,652) | (1,653) | (1,653) | (6,610) |
| Interest income | (492) | (407) | (425) | (402) | (1,726) | (2%) | 148 | 208 | 178 | 261 | 795 |
| 6,667 | 7,046 | 6,869 | 7,079 | 27,661 | 25% | (1,126) | (996) | (1,036) | (1,735) | (4,893) | |
| Pretax result | 14,245 | 12,431 | 15,949 | 15,843 | 58,468 | 54% | 3,782 | 1,773 | 2,321 | 2,854 | 10,730 |
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(in thousands of £'s)
| From Fiscal 2003 | Increase(Decrease) From Fiscal 2002 | ||||||||||
| First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total FY03 | Percent Of Sales | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |
| Sales | 5,317 | 5,633 | 6,324 | 6,228 | 23,502 | 100% | 596 | 366 | 702 | 630 | 2,294 |
| Intersegment sales | (9) | (6) | (8) | (2) | (25) | 4 | 1 | 4 | 5 | 14 | |
| 5,308 | 5,627 | 6,316 | 6,226 | 23,477 | 600 | 367 | 706 | 635 | 2,308 | ||
| Cost of sales | 3,197 | 3,360 | 3,605 | 3,527 | 13,689 | 58% | 180 | (30) | (4) | (13) | 133 |
| Gross margin | 2,120 | 2,273 | 2,719 | 2,701 | 9,813 | 42% | 416 | 396 | 706 | 643 | 2,161 |
| Gross margin percentage | 39.87% | 40.35% | 42.99% | 43.37% | 41.75% | ||||||
| SG&A expense | 1,033 | 992 | 965 | 1,002 | 3,992 | 17% | 111 | 38 | 52 | 25 | 226 |
| Interest income | (104) | (115) | (115) | (115) | (449) | (2%) | (6) | (22) | (28) | (20) | (76) |
| Exchange loss/(gain) | 31 | (79) | (125) | (51) | (224) | (1%) | 137 | (133) | (134) | 148 | 18 |
| 960 | 798 | 725 | 836 | 3,319 | 14% | 242 | (117) | (110) | 153 | 168 | |
| Pretax result | 1,160 | 1,475 | 1,994 | 1,865 | 6,494 | 28% | 174 | 513 | 816 | 490 | 1,993 |
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(in thousands of $’s)
| Fiscal 2003 | Increase(Decrease) From Fiscal 2002 | ||||||||||
| First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total FY03 | Percent Of Sales | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |
| Sales | 8,301 | 8,870 | 10,112 | 10,138 | 37,421 | 100% | 1,454 | 1,264 | 2,141 | 1,829 | 6,688 |
| Intersegment sales | (14) | (10) | (13) | (3) | (40) | 6 | 0 | 4 | 6 | 16 | |
| 8,287 | 8,860 | 10,099 | 10,135 | 37,381 | 1,460 | 1,264 | 2,145 | 1,835 | 6,704 | ||
| Cost of sales | 4,992 | 5,291 | 5,765 | 5,748 | 21,796 | 58% | 617 | 396 | 649 | 491 | 2,153 |
| Gross margin | 3,309 | 3,579 | 4,347 | 4,390 | 15,625 | 42% | 837 | 868 | 1,492 | 1,338 | 4,535 |
| Gross margin percentage | 39.87% | 40.35% | 42.99% | 43.37% | 41.75% | ||||||
| SG&A expense | 1,612 | 1,563 | 1,544 | 1,636 | 6,355 | 17% | 273 | 185 | 250 | 189 | 897 |
| Interest income | (163) | (181) | (184) | (186) | (714) | (2%) | (20) | (47) | (61) | (47) | (175) |
| Exchange loss/(gain) | 49 | (127) | (200) | (77) | (355) | (1%) | 202 | (206) | (213) | 212 | (5) |
| 1,498 | 1,255 | 1,160 | 1,373 | 5,286 | 14% | 455 | (68) | (24) | 354 | 717 | |
| Pretax result | 1,811 | 2,324 | 3,187 | 3,017 | 10,339 | 28% | 382 | 936 | 1,516 | 984 | 3,818 |
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(in thousands of $’s)
| Fiscal 2003 | Increase(Decrease) From Fiscal 2002 | |||||||||||
| First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total FY03 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |||
| Interest income | 35 | 33 | 36 | 36 | 140 | (32) | (23) | (19) | (19) | (93) | ||
| Renta lincome | -- | 6 | 19 | 47 | 72 | -- | 6 | 19 | 47 | 72 | ||
| 35 | 39 | 55 | 83 | 212 | (32) | (17) | -- | 28 | (21) | |||
| SG&A expense | 227 | 130 | 151 | 182 | 690 | (148) | (101) | (24) | (107) | (380) | ||
| R&D-CCX losses | 519 | 496 | 792 | 773 | 2,580 | 436 | 219 | 404 | ||||