| |
Consolidated Statements of Stockholder's Equity
|
Years Ended March 31, 1999, 2000, and 2001
|
|
|
Common stock- shares
|
Common stock - amount
|
Common stock and paid in capital
|
Treasury Shares
|
|
Balance - March 31, 1998
|
9,706,944
|
$1,000
|
$30,614,000
|
(1,461,200)
|
|
Stock issued under employee stock purchase plan
|
34,428
|
-
|
541,000
|
-
|
|
Stock issued and income tax benefits under stock
option plan, net of shares repurchased
|
144,204
|
-
|
1,762,000
|
-
|
|
Purchase of common stock
|
-
|
-
|
-
|
(286,080)
|
|
Net income
|
-
|
-
|
-
|
-
|
|
Balance - March 31, 1999
|
9,885,576
|
1,000
|
32,917,000
|
(1,747,280)
|
|
Stock issued under employee stock purchase plan
|
34,800
|
-
|
588,000
|
-
|
|
Stock issued and income tax benefits under stock
option plan, net of shares repurchased
|
158,625
|
-
|
2,490,000
|
-
|
|
Purchase of common stock
|
-
|
-
|
-
|
(586,060)
|
|
Net income
|
-
|
-
|
-
|
-
|
|
Balance - March 31, 2000
|
10,079,001
|
1,000
|
35,995,000
|
(2,333,340)
|
|
Stock issued under employee stock purchase plan
|
30,072
|
-
|
687,000
|
-
|
|
Stock issued and income tax benefits under stock
option plan, net of shares repurchased
|
187,396
|
-
|
3,463,000
|
-
|
|
Purchase of common stock
|
-
|
-
|
-
|
(474,600)
|
|
Net income
|
-
|
-
|
-
|
-
|
|
Balance - March 31, 2001
|
10,296,469 
|
$1,000 
|
$40,145,000 
|
(2,807,940) 
|
See accompanying notes to consolidated financial statements.
|
|
Treasury shares - cost
|
Retained Earnings
|
Total shareholders' equity
|
|
Balance - March 31, 1998
|
$(21,727,000)
|
$36,883,000
|
$45,771,000
|
|
Stock issued under employee stock purchase plan
|
-
|
-
|
541,000
|
|
Stock issued and income tax benefits under stock
option plan, net of shares repurchased
|
-
|
-
|
1,762,000
|
|
Purchase of common stock
|
(5,263,000)
|
-
|
(5,263,000)
|
|
Net income
|
-
|
10,403,000
|
10,403,000
|
|
Balance - March 31, 1999
|
(26,990,000)
|
47,286,000
|
53,214,000
|
|
Stock issued under employee stock purchase plan
|
-
|
-
|
588,000
|
|
Stock issued and income tax benefits under stock
option plan
|
-
|
-
|
2,490,000
|
|
Purchase of common stock
|
(12,966,000)
|
-
|
(12,966,000)
|
|
Net income
|
-
|
11,967,000
|
11,967,000
|
|
Balance - March 31, 2000
|
(39,956,000)
|
59,253,000
|
59,293,000
|
|
Stock issued under employee stock purchase plan
|
-
|
-
|
687,000
|
|
Stock issued and income tax benefits under stock
option plan, net of shares repurchased
|
-
|
-
|
3,463,000
|
|
Purchase of common stock
|
(13,947,000)
|
-
|
(13,947,000)
|
|
Net income
|
-
|
13,222,000
|
13,222,000
|
|
Balance - March 31, 2001
|
$(53,903,000) 
|
$72,475,000 
|
$58,718,000 
|
|