10-K/A

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-K/A
(Mark One)
[X]     ANNUAL REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES  
        EXCHANGE  ACT OF  1934  

                  For the Fiscal Year Ended December 31, 1997

[  ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
       EXCHANGE ACT OF 1934

                 For the Transition Period from ______ to ______

                          Commission File Number 0-8771


                               EVANS & SUTHERLAND
                              COMPUTER CORPORATION
             (Exact name of registrant as specified in its charter)

         Utah                                                     87-0278175
(State or other jurisdiction of                              (I.R.S.  Employer
incorporation or organization)                               Identification No.)

600 Komas Drive, Salt Lake City, Utah                               84108
(Address of principal executive offices)                         (Zip Code)

       Registrant's telephone number, including area code: (801) 588-1000

           Securities Registered Pursuant to Section 12(b) of the Act:
                                     "None"

           Securities Registered Pursuant to Section 12(g) of the Act:

                                 Title of Class
                       ----------------------------------          
                          Common Stock, $.20 par value
                       6% Convertible Debentures Due 2012
                         Preferred Stock Purchase Rights

       Indicate by check mark whether the  Registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
Registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days. Yes [X]    No  [ ]

     Indicate by check mark if disclosure of delinquent  filers pursuant to Item
405 of Regulation S-K (ss. 229.405 of this chapter) is not contained herein, and
will not be  contained,  to the best of  Registrant's  knowledge,  in definitive
proxy or information  statements  incorporated  by reference in Part III of this
Form 10-K or any amendment to this Form 10-K. [X]

       The aggregate market value of the voting stock held by  non-affiliates of
the Registrant as of February 27, 1998 was approximately $186,775,000.

       The Registrant had issued and outstanding  8,925,444 shares of its common
stock on February 27, 1998.




This Form 10-K/A for Evans & Sutherland  Computer  Corporation (the Company") is
being  filed  pursuant  to  Regulation  S-K Item 601 (c) (2)  (iii) to amend the
Financial Data Schedules for the two fiscal years and the interim  periods for
the fiscal year ended  December 31, 1997 due to the  Company's  adoption of
Statement of Financial  Accounting  Standards  No. 128 "Earnings Per Share." The
Company adopted this new standard in the fourth quarter of 1997 and has restated
EPS for all  prior  periods.  Accordingly,  Exhibit  27 to the Form  10-K of the
Company is being replaced by Exhibits 27.1,  27.2 and 27.3 included in this Form
10-K/A.



                                  EXHIBIT INDEX


         27.1              Restated Financial Data Schedule as of and for the 
                           year ended December 29, 1995.

         27.2              Restated  Financial  Data  Schedule as of and for the
                           year ended December 27, 1996.

         27.3              Restated  Financial  Data  Schedule as of and for the
                           periods   ended  March  28,  1997;   June  27,  1997,
                           September 26, 1997 and December 31, 1997.




                                    SIGNATURE


Pursuant to the requirements of Section 13 or 15 (d) of the Securities  Exchange
Act of 1934, as amended,  the  Registrant has duly caused this amended report to
be signed on its behalf by the undersigned, thereunto duly authorized.




                                       EVANS & SUTHERLAND COMPUTER CORPORATION


DATE:  MAY 13, 1998                  BY:      /S/ JOHN T. LEMLEY
                                        -------------------------------------
                                              John T. Lemley, Vice President
                                              and Chief Financial Officer
                                              (Principal Financial Officer)

EX-27.1

 


<ARTICLE>                        5
<LEGEND>
This schedule contains  unaudited summary financial  information  extracted from
Evans & Sutherland's 1995 annual consolidated financial statements. The schedule
is qualified in its entirety by reference to such financial statements.

<CIK>                            0000276283
<NAME>                           EVANS & SUTHERLAND COMPUTER CORPORATION
<MULTIPLIER>                     1,000
       
                                       
<PERIOD-TYPE>                    YEAR
<FISCAL-YEAR-END>                         DEC-29-1995
<PERIOD-START>                            DEC-31-1994
<PERIOD-END>                              DEC-29-1995
<CASH>                                         5,023
<SECURITIES>                                  86,718
<RECEIVABLES>                                 25,625
<ALLOWANCES>                                       0
<INVENTORY>                                   18,981
<CURRENT-ASSETS>                             161,004
<PP&E>                                       106,147
<DEPRECIATION>                                65,292
<TOTAL-ASSETS>                               211,002
<CURRENT-LIABILITIES>                         42,593
<BONDS>                                       18,015
<PREFERRED-MANDATORY>                              0
<PREFERRED>                                        0
<COMMON>                                       1,743
<OTHER-SE>                                   146,748
<TOTAL-LIABILITY-AND-EQUITY>                 211,002
<SALES>                                      113,194
<TOTAL-REVENUES>                             113,194
<CGS>                                         62,768
<TOTAL-COSTS>                                 62,768
<OTHER-EXPENSES>                              50,825
<LOSS-PROVISION>                                   0
<INTEREST-EXPENSE>                             1,477
<INCOME-PRETAX>                               33,580
<INCOME-TAX>                                  13,096
<INCOME-CONTINUING>                           20,484
<DISCONTINUED>                                     0
<EXTRAORDINARY>                                  327
<CHANGES>                                          0
<NET-INCOME>                                  20,811
<EPS-PRIMARY>                                   2.41
<EPS-DILUTED>                                   2.37
        

<FN>
F1 - Restated to reflect the adoption of Statement of Financial Accounting 
Standards No. 128, "Earnings Per Share."



 

EX-27.2

 

<ARTICLE>                          5
<LEGEND>
This schedule contains  unaudited summary financial  information  extracted from
Evans & Sutherland's  consolidated  financial  statements as of and for the year
ended  December  27, 1996 and is  qualified in its entirety by reference to such
statements

<CIK>                              0000276283
<NAME>                             EVANS & SUTHERLAND COMPUTER CORPORATION
<MULTIPLIER>                       1,000
       
                                        
<PERIOD-TYPE>                      YEAR
<FISCAL-YEAR-END>                          DEC-27-1996
<PERIOD-START>                             DEC-30-1995
<PERIOD-END>                               DEC-27-1996
<CASH>                                          16,521
<SECURITIES>                                    46,454
<RECEIVABLES>                                   35,405
<ALLOWANCES>                                       563
<INVENTORY>                                     20,202
<CURRENT-ASSETS>                               159,213
<PP&E>                                         115,358
<DEPRECIATION>                                  72,687
<TOTAL-ASSETS>                                 210,891
<CURRENT-LIABILITIES>                           32,290
<BONDS>                                         18,015
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         1,811
<OTHER-SE>                                     158,661
<TOTAL-LIABILITY-AND-EQUITY>                   210,891
<SALES>                                        130,564
<TOTAL-REVENUES>                               130,564
<CGS>                                           65,935
<TOTAL-COSTS>                                   65,935
<OTHER-EXPENSES>                                53,110
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               1,434
<INCOME-PRETAX>                                 16,029
<INCOME-TAX>                                     5,677
<INCOME-CONTINUING>                             10,352
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    10,352
<EPS-PRIMARY>                                     1.16
<EPS-DILUTED>                                     1.12
        

<FN>
F1 - Restated to reflect the adoption of Statement of Financial  Accounting 
Standards No. 128, "Earnings Per Share."



 

EX-27.3

 


<ARTICLE>                          5
<LEGEND>
This schedule contains  unaudited summary financial  information  extracted from
Evans & Sutherland's consolidated financial statements as of and for the periods
ended March 28, 1997,  June 27, 1997,  September  26, 1997 and December 31, 1997
and is qualified in its entirety by reference to such statements.

<CIK>                              0000276283
<NAME>                             EVANS & SUTHERLAND COMPUTER CORPORATION
<MULTIPLIER>                       1,000
       
                                                                                           
<PERIOD-TYPE>                              3-MOS                6-MOS              9-MOS               YEAR
<FISCAL-YEAR-END>                          DEC-31-1997          DEC-31-1997        DEC-31-1997         DEC-31-1997
<PERIOD-START>                             DEC-27-1996          DEC-27-1996        DEC-27-1996         DEC-27-1996
<PERIOD-END>                               MAR-28-1997          JUN-27-1997        SEP-26-1997         DEC-31-1997
<CASH>                                          12,519               9,960              5,357               8,176
<SECURITIES>                                    51,297              56,831             50,398              48,928
<RECEIVABLES>                                   32,418              26,757             34,483              36,917
<ALLOWANCES>                                       588                 618                876                 851
<INVENTORY>                                     21,753              21,893             26,938              26,885
<CURRENT-ASSETS>                               160,582             162,730            168,549             179,698
<PP&E>                                         117,972             120,052            121,302             123,168
<DEPRECIATION>                                  74,792              76,186             77,898              78,800
<TOTAL-ASSETS>                                 212,605             215,388            224,340             234,390
<CURRENT-LIABILITIES>                           32,454              34,980             39,152              50,741
<BONDS>                                         18,015              18,015             18,015              18,015
<PREFERRED-MANDATORY>                                0                   0                  0                   0
<PREFERRED>                                          0                   0                  0                   0
<COMMON>                                         1,815               1,800              1,816               1,813
<OTHER-SE>                                     160,321             160,593            165,357             163,821
<TOTAL-LIABILITY-AND-EQUITY>                   212,605             215,388            224,340             234,390
<SALES>                                         33,642              71,549            110,000             159,353
<TOTAL-REVENUES>                                33,642              71,549            110,000             159,353
<CGS>                                           18,514              38,997             58,164              84,139
<TOTAL-COSTS>                                   18,514              38,997             58,164              84,139
<OTHER-EXPENSES>                                13,690              29,068             43,569              60,825
<LOSS-PROVISION>                                     0                   0                  0                   0
<INTEREST-EXPENSE>                                 338                 677                991               1,300
<INCOME-PRETAX>                                  2,015               4,722              9,824               6,838
<INCOME-TAX>                                       604               1,336              2,613               1,758
<INCOME-CONTINUING>                              1,411               3,386              7,211               5,080
<DISCONTINUED>                                       0                   0                  0                   0
<EXTRAORDINARY>                                      0                   0                  0                   0
<CHANGES>                                            0                   0                  0                   0
<NET-INCOME>                                     1,411               3,386              7,211               5,080
<EPS-PRIMARY>                                     0.16<F1>            0.37<F1>           0.80<F1>            0.56
<EPS-DILUTED>                                     0.15<F1>            0.36<F1>           0.76<F1>            0.53
        
<FN>
F1 - Restated to reflect the adoption of Statement of Financial  Accounting 
Standards No. 128, "Earnings Per Share."