EX-13.(A)(II) 4 c73959exv13wxayxiiy.txt CONSOLIDATED BALANCE SHEETS EXHIBIT 13(a)(ii) CONSOLIDATED BALANCE SHEETS NOVEMBER 30, 2002 AND 2001 (DOLLARS IN THOUSANDS EXCEPT PER SHARE DATA)
ASSETS 2002 2001 ------------ ------------ Current assets: Cash and short-term cash investments ......................... $ 13,747 $ 7,418 Accounts receivable, less allowance for losses of $7,020 for 2002 and $7,920 for 2001 .................. 121,482 115,003 Inventories .................................................. 101,846 103,002 Prepaid expenses and other current assets .................... 5,576 5,409 Deferred income taxes ........................................ 17,095 13,518 ------------ ------------ Total current assets ............................... 259,746 244,350 ------------ ------------ Plant assets, at cost less accumulated depreciation .............. 132,892 137,316 Acquired intangibles, less accumulated amortization .............. 122,529 119,194 Pension assets ................................................... 21,771 18,939 Other noncurrent assets .......................................... 9,181 10,818 ------------ ------------ Total assets ....................................... $ 546,119 $ 530,617 ============ ============ LIABILITIES Current liabilities: Current portion of long-term debt ............................ $ 68,456 $ 5,579 Accounts payable and accrued liabilities ..................... 97,738 84,826 Income taxes ................................................. 8,061 4,526 ------------ ------------ Total current liabilities .......................... 174,255 94,931 ------------ ------------ Long-term debt, less current portion ............................. 22,648 135,203 Postretirement health care benefits .............................. 4,033 3,851 Long-term pension liabilities .................................... 7,823 4,955 Deferred income taxes ............................................ 19,045 15,114 Other long-term liabilities ...................................... 2,318 1,868 Minority interests ............................................... 536 434 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 24,918,614 in 2002 and 24,626,236 in 2001 ........ 24,919 24,626 Capital in excess of par value ............................... 12,854 9,565 Accumulated other comprehensive earnings ..................... (6,187) (9,179) Retained earnings ............................................ 283,875 249,249 ------------ ------------ Total shareholders' equity ......................... 315,461 274,261 ------------ ------------ Total liabilities and shareholders' equity ......... $ 546,119 $ 530,617 ============ ============
The accompanying notes are an integral part of the consolidated financial statements.