EX-99.1 3 dex991.htm SELECTED FINANCIAL DATA Selected Financial Data

Exhibit 99.1

 

SELECTED FINANCIAL DATA

 

The following tables set forth selected consolidated financial data for each of the years in the five-year period ended June 30. The results for the fiscal year ended June 30, 2004 are not necessarily indicative of the results for any future period. The selected consolidated financial data set forth below should be read in conjunction with our consolidated financial statements as of June 30, 2004 and 2003 and for each of the years in the three-year period ended June 30, 2004 and notes thereto set forth in Exhibit 99.3 and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

 

     Fiscal Year Ended June 30,

     2004

    2003

    2002

    2001

    2000

     (In thousands, except per share data)

CONSOLIDATED STATEMENTS OF OPERATIONS DATA:

                                      

Net sales

   $ 311,295     $ 316,325     $ 231,791     $ 250,237     $ 236,830

Costs and expenses:

                                      

Cost of sales

     165,141       147,964       114,204       144,549       113,573

Engineering and product development

     38,827       36,443       31,445       34,305       27,767

Sales, marketing and service

     96,986       88,620       71,457       65,882       54,989

General and administrative

     22,025       19,019       15,607       14,686       10,554

Amortization of goodwill

     —         —         18,018       14,352       7,173

Amortization of other intangible assets

     4,861       12,257       17,873       16,391       11,209

Impairment of goodwill

     12,311       —         —         —         —  

Restructuring costs

     3,640       —         —         —         —  

Legal judgment

     —         15,161       —         —         —  

In-process research and development

     2,193       —         —         —         3,500

Legal settlement

     —         —         —         —         2,102

Acquisition settlement

     —         —         —         12,880       —  

Total costs and expenses

     345,984       319,464       268,604       303,045       230,867

Operating income (loss)

     (34,689 )     (3,139 )     (36,813 )     (52,808 )     5,963

Interest and other income (expense), net

     (371 )     2,601       2,208       1,890       3,403

Impairment of equity investments

     —         —         —         (1,658 )     —  

Income (loss) from continuing operations before income taxes and cumulative effect of change in accounting principle

     (35,060 )     (538 )     (34,605 )     (52,576 )     9,366

Income tax expense

     4,721       3,220       5,478       7,616       1,779

Income (loss) from continuing operations before cumulative effect of change in accounting principle

     (39,781 )     (3,758 )     (40,083 )     (60,192 )     7,587

Discontinued operations:

                                      

Income (loss) from discontinued operations, net of taxes

     (7,592 )     1,188       —         —         —  

Loss on sale of discontinued operations, net of taxes

     (6,820 )     —         —         —         —  

Income (loss) from discontinued operations

     (14,412 )     1,188       —         —         —  

Income (loss) before cumulative effect of change in accounting principle

     (54,193 )     (2,570 )     (40,083 )     (60,192 )     7,587

Cumulative effect of change in accounting principle

     —         (19,291 )     —         (356 )     —  

Net income (loss)

   $ (54,193 )   $ (21,861 )   $ (40,083 )   $ (60,548 )   $ 7,587

Income (loss) per share from continuing operations before cumulative effect of change in accounting principle:

                                      

Basic

   $ (0.59 )   $ (0.06 )   $ (0.70 )   $ (1.16 )   $ 0.16

Diluted

   $ (0.59 )   $ (0.06 )   $ (0.70 )   $ (1.16 )   $ 0.14

Loss per share from discontinued operations:

                                      

Basic and diluted

   $ (0.22 )   $ 0.02     $ —       $ —       $ —  

Cumulative effect per share of change in accounting principle:

                                      

Basic and diluted

   $ —       $ (0.32 )   $ —       $ (0.01 )   $ —  

Net income (loss) per share:

                                      

Basic

   $ (0.81 )   $ (0.36 )   $ (0.70 )   $ (1.17 )   $ 0.16

Diluted

   $ (0.81 )   $ (0.36 )   $ (0.70 )   $ (1.17 )   $ 0.14

Shares used to compute net income (loss) per share:

                                      

Basic

     67,069       61,247       56,859       51,729       48,311

Diluted

     67,069       61,247       56,859       51,729       55,442
     As of June 30,

     2004

    2003

    2002

    2001

    2000

     (In thousands)

CONSOLIDATED BALANCE SHEET DATA:

                                      

Working capital

   $ 81,327     $ 106,616     $ 115,698     $ 114,422     $ 138,330

Total assets

     301,744       310,876       255,703       266,957       322,799

Retained earnings (accumulated deficit)

     (169,487 )     (115,294 )     (93,433 )     (53,350 )     7,198

Shareholders’ equity

   $ 210,682     $ 226,157     $ 205,908     $ 220,362     $ 259,620

 

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