-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ce/JHL9azkhNdDeF0NpzJQHJMbXgSgpwMbm38zqnOg6MfMWxd1t3dSPNPS4G2XyR pUxAwbhZGNVYzRDUX5tjEg== 0000912057-99-002196.txt : 19991027 0000912057-99-002196.hdr.sgml : 19991027 ACCESSION NUMBER: 0000912057-99-002196 CONFORMED SUBMISSION TYPE: 10-K405/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990630 FILED AS OF DATE: 19991026 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ANALYSTS INTERNATIONAL CORP CENTRAL INDEX KEY: 0000006292 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 410905498 STATE OF INCORPORATION: MN FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-K405/A SEC ACT: SEC FILE NUMBER: 000-04090 FILM NUMBER: 99733819 BUSINESS ADDRESS: STREET 1: 7615 METRO BLVD CITY: MINNEAPOLIS STATE: MN ZIP: 55439 BUSINESS PHONE: 6128974506 MAIL ADDRESS: STREET 1: 7615 METRO BLVD CITY: MINNEAPOLIS STATE: MN ZIP: 55439 10-K405/A 1 10-K405/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K405/A AMENDMENT NO. 1 TO FORM 10-K405 (X) Annual Report Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 For the Fiscal Year Ended June 30, 1999 OR ( ) Transition Report Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934 Commission file number 0-4090 ANALYSTS INTERNATIONAL CORPORATION Minnesota 41-0905408 (State of Incorporation) (IRS Identification No.) 3601 West 76th Street, Minneapolis, Minnesota 55435 (Address of Principal Executive Office) (Zip Code) Registrant's telephone number, including area code: 612/835-5900 Securities registered pursuant to Section 12 (b) of the Act: NONE Securities registered pursuant to Section 12 (g) of the Act: Common Stock, par value $.10 per share Common Share 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 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. Yes X No ---- ----- The aggregate market value of the voting stock (Common Stock) held by non-affiliates of the registrant as of August 31, 1999 was $274,648,000 based upon the closing price as reported by Nasdaq. As of August 31, 1999 there were 22,557,691 shares of the registrant's common stock outstanding. DOCUMENTS INCORPORATED BY REFERENCE Incorporated by reference are (i) portions of the annual report to shareholders for the year ended June 30, 1999 (Parts I and II) and (ii) proxy statement dated September 13, 1999 (Part III). FORM 10-K/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT TO APPLICATION OR REPORT FILED PURSUANT TO SECTION 12, 13, OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ANALYSTS INTERNATIONAL CORPORATION Amendment No. 1 The undersigned registrant hereby amends the following items, financial statements, exhibits or other portions of its Annual Report on Form 10-K as set forth in the pages attached hereto: The following information relating to the Analysts International Corporation Savings and Investment Plan and required by Form 11-K for the Plan year ended June 30, 1999 is included as part of the registrant's annual report on Form 10-K, as permitted by Rule 15d-21. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this amendment to be signed on its behalf by the undersigned, thereunto duly authorized. Analysts International Corporation By: /s/ Thomas R. Mahler ---------------------------------- Thomas R. Mahler Secretary and General Counsel ANALYSTS INTERNATIONAL CORPORATION SAVINGS AND INVESTMENT PLAN INDEX
Page - ------------------------------------------------------------------------------------------------- INDEPENDENT AUDITORS' REPORT 1 FINANCIAL STATEMENTS - Years ended June 30, 1999 and 1998: Statements of net assets available for plan benefits 2 Statements of changes in net assets available for plan benefits 3 Supplemental information on changes in net assets available for plan benefits by type of fund 4 Notes to financial statements 5-7 SUPPLEMENTAL SCHEDULES FURNISHED PURSUANT TO THE REQUIREMENTS OF FORM 5500: I. Item 27a - Schedule of Assets Held for Investment Purposes, as of June 30, 1999 9 II. Item 27d - Schedule of Reportable Transactions for the Year Ended June 30, 1999 10
1 INDEPENDENT AUDITORS' REPORT Savings and Investment Plan Committee Analysts International Corporation Minneapolis, Minnesota We have audited the accompanying statements of net assets available for plan benefits of Analysts International Corporation Savings and Investment Plan (the Plan) as of June 30, 1999 and 1998 and the related statements of changes in net assets available for plan benefits for the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, such financial statements present fairly, in all material respects, the net assets available for plan benefits as of June 30, 1999 and 1998 and the changes in net assets available for plan benefits for the years then ended in conformity with generally accepted accounting principles. Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental information by fund for the years ended June 30, 1999 and 1998, the supplemental schedules of Assets Held for Investment Purposes as of June 30, 1999 and Reportable Transactions for the year ended June 30, 1999 are presented for purposes of additional analysis of the basic financial statements and for complying with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 and are not a required part of the basic financial statements. This supplemental information is the responsibility of the Plan's management. The supplemental information and schedules have been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. Minneapolis, Minnesota /s/ Deloitte & Touche LLP August 27, 1999 2 ANALYSTS INTERNATIONAL CORPORATION SAVINGS AND INVESTMENT PLAN STATEMENTS OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
June 30 ----------------------------------------- 1999 1998 ------------------- ------------------ ASSET - Investments, stated at market value $105,099,341 $104,719,255 ------------------- ------------------ NET ASSETS AVAILABLE FOR PLAN BENEFITS $105,099,341 $104,719,255 ------------------- ------------------ ------------------- ------------------
See notes to financial statements. 3 ANALYSTS INTERNATIONAL CORPORATION SAVINGS AND INVESTMENT PLAN STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS
Year Ended June 30 -------------------------------------------- 1999 1998 -------------------- --------------------- NET ASSETS AVAILABLE FOR PLAN BENEFITS, beginning of year $104,719,255 $77,595,562 ADDITIONS: Investment income 5,487,972 5,374,231 Contributions by employer 1,439,225 1,347,078 Contributions by participants 15,077,320 15,631,004 Net (depreciation) appreciation in market value of investments (11,901,938) 13,170,370 -------------------- --------------------- 10,102,579 35,522,683 DEDUCTIONS: Distributions to employer 163,497 373,175 Distributions to participants 9,558,996 8,025,815 -------------------- --------------------- NET ADDITIONS 380,086 27,123,693 -------------------- --------------------- NET ASSETS AVAILABLE FOR PLAN BENEFITS, end of year $105,099,341 $104,719,255 -------------------- --------------------- -------------------- ---------------------
See notes to financial statements. 4 ANALYSTS INTERNATIONAL CORPORATION SAVINGS AND INVESTMENT PLAN SUPPLEMENTAL INFORMATION ON CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS BY TYPE OF FUND YEARS ENDED JUNE 30, 1999 AND 1998
MONEY U.S. GOVT. HIGH YIELD GROWTH & VOYAGER MARKET TRUST TRUST INCOME FUND ------ ----- ----- ------ ---- NET ASSETS AVAILABLE FOR PLAN BENEFITS as of June 30, 1997 $ 3,757,454 $ 3,006,268 $ 4,491,205 $ 15,934,409 $ 17,108,711 ADDITIONS: Investment Income 194,761 197,700 467,769 2,247,251 1,152,297 Contributions by employer Contributions by participants 818,773 590,673 798,303 3,054,652 3,222,498 Loan payments 40,557 67,955 51,201 159,562 184,732 Net appreciation in market value of investments 53,840 63,569 612,394 4,408,211 ----------------------------------------------------------------------------------- 1,054,091 910,168 1,380,842 6,073,859 8,967,738 DEDUCTIONS: Distributions to employer Distributions to participants 342,939 268,572 503,696 1,725,716 1,570,764 Loan withdrawals 102,581 70,821 83,558 183,216 216,490 ----------------------------------------------------------------------------------- 445,520 339,393 587,254 1,908,932 1,787,254 INTERFUND TRANSFERS (537,914) (278,514) (116,765) (211,671) (367,122) ----------------------------------------------------------------------------------- NET ADDITIONS 70,657 292,261 676,823 3,953,256 6,813,362 ----------------------------------------------------------------------------------- NET ASSETS AVAILABLE FOR PLAN BENEFITS as of June 30, 1998 $ 3,828,111 $ 3,298,529 $ 5,168,028 $ 19,887,665 $ 23,922,073 ADDITIONS: Investment Income 221,020 229,355 501,566 1,816,110 1,738,104 Contributions by employer Contributions by participants 612,230 560,536 716,863 3,121,309 3,487,951 Loan payments 58,850 42,022 42,248 146,931 218,161 Net (depreciation) appreciation in market value of investments (130,312) (872,619) 1,271,879 3,597,064 ----------------------------------------------------------------------------------- 892,100 701,601 388,058 6,356,229 9,041,280 DEDUCTIONS: Distributions to employer Distributions to participants 614,769 372,254 472,702 2,145,928 2,156,805 Loan withdrawals 27,177 84,905 54,350 181,511 207,698 ----------------------------------------------------------------------------------- 641,946 457,159 527,052 2,327,439 2,364,503 INTERFUND TRANSFERS 1,085,219 336,788 (332,841) (1,121,262) (125,092) ----------------------------------------------------------------------------------- NET ADDITIONS (DEDUCTIONS) 1,335,373 581,230 (471,835) 2,907,528 6,551,685 ----------------------------------------------------------------------------------- NET ASSETS AVAILABLE FOR PLAN BENEFITS as of June 30, 1999 $ 5,163,484 $ 3,879,759 $ 4,696,193 $ 22,795,193 $ 30,473,758 ----------------------------------------------------------------------------------- ----------------------------------------------------------------------------------- OTC GLOBAL EMERGING INTERNATIONAL LOAN AIC GROWTH GROWTH GROWTH FUND STOCK ------ ------ ------ ---- ----- NET ASSETS AVAILABLE FOR PLAN BENEFITS as of June 30, 1997 $ 3,520,182 $ 4,335,344 $ 225,811 $ 1,040,222 $ 24,175,956 ADDITIONS: Investment Income 648,925 37 40,196 86,793 338,502 Contributions by employer 1,347,078 Contributions by participants 1,277,371 2,122,432 462,542 3,283,408 Loan payments 48,118 64,522 6,141 (836,162) 213,726 Net appreciation in market value of investments 45,664 1,215,209 83,540 6,687,943 ----------------------------------------------------------------------------------- 2,020,078 3,402,200 592,419 (749,369) 11,870,657 DEDUCTIONS: Distributions to employer 373,175 Distributions to participants 448,728 637,135 162,625 79,570 2,286,070 Loan withdrawals 54,675 46,575 4,925 (1,051,233) 288,392 ----------------------------------------------------------------------------------- 503,403 683,710 167,550 (971,663) 2,947,637 INTERFUND TRANSFERS (378,779) (227,792) 366,846 1,751,711 ----------------------------------------------------------------------------------- NET ADDITIONS 1,137,896 2,490,698 791,715 222,294 10,674,731 ----------------------------------------------------------------------------------- NET ASSETS AVAILABLE FOR PLAN BENEFITS as of June 30, 1998 $ 4,658,078 $ 6,826,042 $ 1,017,526 $ 1,262,516 $ 34,850,687 ADDITIONS: Investment Income 147,411 207,840 32,092 87,117 507,357 Contributions by employer 1,439,225 Contributions by participants 1,097,431 1,968,225 630,016 2,882,759 Loan payments 47,654 78,642 13,232 (893,137) 245,397 Net (depreciation) appreciation in market value of investments 596,287 621,854 123,388 (17,109,479) ----------------------------------------------------------------------------------- 1,888,783 2,876,561 798,728 (806,020) (12,034,741) DEDUCTIONS: Distributions to employer 163,497 Distributions to participants 735,760 1,112,635 286,188 163,453 1,498,502 Loan withdrawals 40,282 64,428 6,356 (788,370) 121,663 ----------------------------------------------------------------------------------- 776,042 1,177,063 292,544 (624,917) 1,783,662 INTERFUND TRANSFERS (61,842) (334,659) (90,630) 644,319 ----------------------------------------------------------------------------------- NET ADDITIONS (DEDUCTIONS) 1,050,899 1,364,839 415,554 (181,103) (13,174,084) ----------------------------------------------------------------------------------- NET ASSETS AVAILABLE FOR PLAN BENEFITS as of June 30, 1999 $ 5,708,977 $ 8,190,881 $ 1,433,080 $ 1,081,413 $ 21,676,603 ----------------------------------------------------------------------------------- -----------------------------------------------------------------------------------
5 ANALYSTS INTERNATIONAL CORPORATION SAVINGS AND INVESTMENT PLAN NOTES TO FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 1999 AND 1998 A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Investments are stated at market value using quoted market values. Promissory notes from participants are stated at the outstanding principal balance. The financial statements have been prepared on the accrual basis of accounting. All security transactions are recorded on their trade date. Participants have control over the allocation of their account balances among each of the eight Putnam Funds. However, because Analysts International Corporation (AiC) designates the investment option for the employer matching contributions in the AiC Common Stock Fund, participants do not have complete control of their assets invested in this fund. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of financial statements and the reported amounts of additions and deductions during the reporting period. Actual results could differ from those estimates. B. THE PLAN: The Plan was established January 1, 1985 under Section 401(k) of the Internal Revenue Code for the purpose of providing retirement and other benefits to eligible participants. An employee of AiC becomes eligible for the Plan upon commencement of active service. The Plan is funded primarily by employee contributions. Eligible employees may contribute up to 15% of their gross annual wages for pre-tax saving contributions. In addition, the Plan allows rollover contributions from certain qualified retirement plans. Plan participants may choose to have their share of the Plan funds invested in one or more of eight investment funds offered by the Putnam Companies and/or the AiC Common Stock Fund. The eight Putnam funds include the Putnam Money Market Fund, the Putnam U.S. Government Income Trust, the Putnam High Yield Trust, the Putnam Fund for Growth and Income, the Putnam Voyager Fund, the Putnam Global Growth Fund, the Putnam OTC Emerging Growth Fund and the Putnam International Growth Fund. A participant's account (consisting of employee contributions and investment income) is fully vested. 6 Participant loans are made in compliance with federal regulations in effect at the time of the loan. Participant loans outstanding, included in investments, amounted to $1,081,413 at June 30, 1999 and $1,262,516 at June 30, 1998. The Plan provides for employer matching contributions where the employer matches 18% of the employee's pre-tax saving contributions, provided the employee has been employed by the employer for one year or more and is not a highly compensated employee as defined by federal tax laws. The employer matching contributions are invested in the AiC Common Stock Fund. A participant's interest in the employer matching contribution vests at the rate of 20% per year after three years of service with 100% vesting after seven years. Any nonvested portion of employer matching contributions to the accounts of participants who withdraw from the Plan are forfeited and used by the employer to reduce future matching contributions. Although the Company has not expressed an intent to discontinue the Plan, it may do so at any time, subject to provisions set forth in the Employee Retirement Income Security Act of 1974. If the Plan is terminated, no further contributions will be made. The trustee will continue to hold the funds and make distributions as if the Plan had not terminated. C. TRUSTEE AND ADMINISTRATION OF THE PLAN: Putnam Fiduciary Trust Company has been designated as trustee. Investments of the Plan are held by Putnam Investor Services, Inc. on behalf of the trustee. The Company has established a Savings and Investment Plan Committee for the general administration of the Plan. The Company pays the trustee fees on behalf of the Plan. D. INTERNAL REVENUE SERVICE STATUS: The IRS has issued determinations that the Plan, as originally adopted January 1, 1985, and as amended through January 17, 1994, is a qualified plan for tax purposes under Sections 401(a) and 401(k) of the Internal Revenue Code, and that the trust established in connection therewith is exempt from income tax under Section 501(a) of the Code. The Company believes the Plan as presently constituted and operated continues to meet the requirements of Sections 401(a) and 401(k) of the Code and that the related trust is exempt from income tax under Section 501(a) of the Code. 7 E. INVESTMENTS:
Year Ended June 30 ----------------------------------------- Investments at market value: 1999 1998 ------------------- ------------------ Putnam Money Market Fund $5,163,484 $3,828,111 Putnam U.S. Government Income Trust 3,879,759 3,298,529 Putnam High Yield Trust 4,696,193 5,168,028 Putnam Fund for Growth and Income 22,795,193 19,887,665 Putnam Voyager Fund 30,473,758 23,922,073 Putnam Global Growth Fund 5,708,977 4,658,078 Putnam OTC Emerging Growth Fund 8,190,881 6,826,042 Putnam International Growth Fund 1,433,080 1,017,526 AiC Common Stock Fund 21,676,603 34,850,687 ------------------- ------------------ 104,017,928 103,456,739 Promissory notes from participants 1,081,413 1,262,516 ------------------- ------------------ $105,099,341 $104,719,255 ------------------- ------------------ ------------------- ------------------
F. BENEFITS PAYABLE: As of June 30, 1999 and 1998, net assets available for plan benefits included benefits of $1,325,156 and $1,014,081 respectively, due to participants who have withdrawn from participation in the plan. These amounts will be reported in items 31 and 32 of the plan's annual report on Form 5500 when filed. 8 SUPPLEMENTAL SCHEDULES FURNISHED PURSUANT TO THE REQUIREMENTS OF FORM 5500 9 ANALYSTS INTERNATIONAL CORPORATION SAVINGS AND INVESTMENT PLAN SCHEDULE I ITEM 27a SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT JUNE 30, 1999
Number of Fair Shares Cost Value ------------------ ----------------- ------------------ MUTUAL FUNDS: Putnam Money Market Fund * 5,163,484 $5,163,484 $5,163,484 Putnam U.S. Government Income Trust * 306,216 4,162,657 3,879,759 Putnam High Yield Trust * 436,855 5,598,962 4,696,193 Putnam Fund for Growth and Income * 1,016,735 16,026,354 22,795,193 Putnam Voyager Fund * 1,217,489 15,769,861 30,473,758 Putnam Global Growth Fund * 425,725 4,414,396 5,708,977 Putnam OTC Emerging Growth Fund * 406,495 5,985,286 8,190,881 Putnam International Growth Fund * 66,224 1,216,236 1,433,080 AiC COMMON STOCK FUND * 1,507,938 15,114,041 21,676,603 PROMISSORY NOTES FROM PARTICIPANTS 1,081,413 1,081,413 Interest rates ranging from 7.75% to 8.75% --------- --------- with maturity dates through June, 2002 $74,532,690 $105,099,341 ------------------ ----------------- ------------------ -----------------
* Known to be a party-in-interest. 10 ANALYSTS INTERNATIONAL CORPORATION SAVINGS AND INVESTMENT PLAN SCHEDULE II ITEM 27d SCHEDULE OF REPORTABLE TRANSACTIONS FOR THE YEAR ENDED JUNE 30, 1999
Current Value Identity of Description of Purchase Selling Cost of of Assets on Net Gain Party Involved Transaction Price Price Asset Transaction Date (Loss) - -------------- ----------- ----- ----- ----- ---------------- ------ Putnam Fiduciary Purchases Of $5,719,056 $5,719,056 $5,719,056 Trust Company* AiC Stock Putnam Money Purchases 1,977,319 1,977,319 1,977,319 Market Fund* Putnam U.S. Gov. Purchases 1,168,702 1,168,702 1,168,702 Income Trust* Putnam High Purchases 1,260,677 1,260,677 1,260,677 Yield Trust* Putnam Fund for Purchases 5,084,351 5,084,351 5,084,351 Growth & Income* Putnam Voyager Purchases 5,444,216 5,444,216 5,444,216 Fund* Putnam Global Growth Purchases 1,292,496 1,292,496 1,292,496 Fund* Putnam OTC Emerging Purchases 2,254,707 2,254,707 2,254,707 Growth Fund* Putnam International Purchases 675,340 675,340 675,340 Growth Fund* Putnam Fiduciary Sales of AiC $1,783,661 2,695,807 1,783,661 ($912,146) Trust Company* Stock Putnam Money Sales 641,945 641,945 641,945 0 Market Fund* Putnam U.S. Gov. Sales 457,160 460,736 457,160 (3,576) Income Trust* Putnam High Sales 859,893 1,003,209 859,893 (143,316) Yield Trust* Putnam Fund for Sales 3,448,701 3,562,037 3,448,701 (113,336) Growth & Income* Putnam Voyager Sales 2,489,595 2,557,452 2,489,595 (67,857) Fund* Putnam Global Growth Sales 837,884 839,029 837,884 (1,145) Fund* Putnam OTC Emerging Sales 1,511,723 1,788,887 1,511,723 (277,164) Growth Fund* Putnam International Sales 383,174 390,887 383,174 (7,713) Growth Fund*
*Known to be a party-in-interest. 11 SIGNATURES PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1934, the trustees (or other persons who administer the Plan) have duly caused this annual report to be signed by the undersigned thereunto duly authorized. Date: 10/26/99 ANALYSTS INTERNATIONAL CORPORATION SAVINGS AND INVESTMENT PLAN By /s/ Thomas R. Mahler ----------------------- THOMAS R. MAHLER, member of the Plan Committee 12 EXHIBIT INDEX
No. Exhibit - -------------------------------------------------------------- 24. Independent Auditors' Consent
EX-24 2 EXHIBIT 24 INDEPENDENT AUDITORS' CONSENT We consent to the incorporation by reference in Registration Statement No. 33-19180 of Analysts International Corporation on Form S-8 of our report on the financial statements of the Analysts International Corporation Savings and Investment Plan, dated August 27, 1999, appearing in this Annual Report on Form 11K filed under cover of Form 10-K/A of Analysts International Corporation for the year ended June 30, 1999. /s/ Deloitte & Touche LLP Minneapolis, Minnesota October 26, 1999 -----END PRIVACY-ENHANCED MESSAGE-----