EX-13 6 fiveyearsummary.htm FIVE YEAR SUMMARY Five-Year Financial Summary

Five-Year Financial Summary

2003

2002

2001

2000

1999

(in thousands except per share amounts)

Revenues

  $ 527,262

  $ 501,077

  $ 532,061 

  $ 690,454 

  $  914,880 

Restructuring charges (credits)

         3,952

        2,106

         (384)

        8,498 

       15,596 

Income (loss) from operations

      14,552

      14,431

     12,093 

     (19,320)

     (53,716)

Intellectual property income (expense), net

        5,784

     434,471

      (4,006)

       (4,321)

     (13,724)

Gains on sales of assets

        3,421

      17,214

     11,243 

      49,546 

      13,223 

Income (loss) from continuing operations

      23,207

     377,752

     19,942 

      10,095 

     (78,561)

Discontinued operation (1)

-

       -

            - 

             - 

        6,984 

Net income (loss)

      23,207

     377,752

     19,942 

      10,095 

     (71,577)

Net income (loss) from continuing operations per share:

Basic

0.51

7.87

0.40 

0.20 

(1.60)

Diluted

0.49

7.47

0.39 

0.20 

(1.60)

Net income (loss) per share:

Basic

0.51

7.87

0.40 

0.20 

(1.46)

Diluted

0.49

7.47

0.39 

0.20 

(1.46)

Working capital

    291,249

  520,728

177,638 

  184,051 

     168,307 

Total assets

    572,443

  835,640

458,010 

  514,908 

584,944 

Total debt

-

169

3,733 

31,030 

62,926 

Repurchase of treasury stock (2)

292,564

83,588

1,875 

  - 

- 

Shareholders' equity

379,854

  621,710

295,213 

  278,000 

     276,700 

(1) In 1999, the Company sold its VeriBest, Inc. business segment to Mentor Graphics Corporation.  The 1999 amount includes the gain on the sale of discontinued operations.  See Note 4 of Notes to Consolidated Financial Statements contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2001, for a complete discussion of this transaction and its impact on the Company's results of operations and financial position.

(2) Includes cash payments and accrued expenses for shares acquired under the 2003 modified Dutch auction tender offer and the Company's stock repurchase plan. 

Information contained in this report may include statements that are forward-looking as defined in Section 21E of the Securities Exchange Act of 1934.  Actual results could differ materially from those projected in the forward-looking statements.  Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in "Management's Discussion and Analysis of Financial Condition and Results of Operations" in this Annual Report.