EX-13.(A)(II) 6 c59555ex13-aii.txt CONSOLIDATED BALANCE SHEETS 1 EXHIBIT 13(a)ii CONSOLIDATED BALANCE SHEETS -------------------------------------------------------------------------------- NOVEMBER 30, 2000 AND 1999 (Dollars in thousands except per share data)
ASSETS 2000 1999 =========================================================================================== Current assets: Cash and short-term cash investments ......................... $ 10,864 $ 14,745 Accounts receivable, less allowance for losses of $5,027 for 2000 and $5,155 for 1999 .............................. 110,083 103,986 Inventories .................................................. 100,561 89,850 Prepaid expenses and other current assets .................... 3,640 11,830 Deferred income taxes ........................................ 5,331 7,259 ---------------------- Total current assets ................................ 230,479 227,670 ---------------------- Plant assets, at cost less accumulated depreciation ............. 140,121 126,026 Acquired intangibles, less accumulated amortization ............. 101,877 91,151 Pension assets .................................................. 19,519 17,879 Other noncurrent assets ......................................... 9,934 10,265 ---------------------- Total assets ........................................ $501,930 $472,991 ====================== LIABILITIES =========================================================================================== Current liabilities: Current portion of long-term debt ............................ $ 5,482 $ 5,440 Accounts payable and accrued liabilities ..................... 84,187 87,593 Income taxes ................................................. 8,157 4,442 ---------------------- Total current liabilities ........................... 97,826 97,475 ---------------------- Long-term debt, less current portion ............................ 141,486 145,981 Postretirement health care benefits ............................. 3,574 3,342 Long-term pension liabilities ................................... 4,374 3,577 Deferred income taxes ........................................... 10,663 10,238 Other long-term liabilities ..................................... 1,519 1,265 Minority interests .............................................. 395 395 Contingencies SHAREHOLDERS' EQUITY =========================================================================================== Capital stock: Preferred, par value $1, authorized 5,000,000 shares, none issued ............................................... -- -- Common, par value $1, authorized 60,000,000 shares, issued 24,381,307 in 2000 and 24,019,722 in 1999 .......... 24,381 24,020 Capital in excess of par value ............................... 5,700 948 Accumulated other comprehensive earnings: Foreign currency translation adjustments .................. (6,919) (4,151) Retained earnings ............................................ 218,931 189,901 ---------------------- Total shareholders' equity .......................... 242,093 210,718 ---------------------- Total liabilities and shareholders' equity .......... $501,930 $472,991 ======================
The accompanying notes are an integral part of the consolidated financial statements. 12 CLARCOR