-----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, VYpu0AzYBk3bvQPxn4GEPs1UrUo/4Dy3Lm05oY9XdxIeyvz4qZeqE1xyd+tAQEY9 Cw/xF6a1rXnBervpHnKoIQ== 0000819977-98-000010.txt : 19980723 0000819977-98-000010.hdr.sgml : 19980723 ACCESSION NUMBER: 0000819977-98-000010 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980331 FILED AS OF DATE: 19980722 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: EMCON CENTRAL INDEX KEY: 0000819977 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING SERVICES [8711] IRS NUMBER: 941738964 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: SEC FILE NUMBER: 000-16225 FILM NUMBER: 98669701 BUSINESS ADDRESS: STREET 1: 1433 NORTH MARKET BLVD STE 2 STREET 2: P O BOX 349014 CITY: SACRAMENTO STATE: CA ZIP: 95834 BUSINESS PHONE: 9169281090 MAIL ADDRESS: STREET 1: P O BOX 349014 STREET 2: STE 1200 CITY: SACRAMENTO STATE: CA ZIP: 95834-9014 FORMER COMPANY: FORMER CONFORMED NAME: EMCON ASSOCIATES /CA/ DATE OF NAME CHANGE: 19910611 10-Q/A 1 AMENDMENT NO. 1, 1ST QTR. 1998 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q/A (Amendment No. 1) (Mark One) [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 1998 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 0-16225 EMCON (Exact name of Registrant as specified in its charter) California 94-1738964 ---------------------------------- ---------------------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 400 South El Camino Real, Suite 1200 San Mateo, California 94402 - ---------------------------------------------- ------------ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (650) 375-1522 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 [ ] 8,715,464 shares of Common Stock Issued and Outstanding as of May 8, 1998. INFORMATION TO BE INCLUDED IN THE REPORT Amendment No. 1 The undersigned registrant hereby amends the following items of its Form 10-Q for the period ended March 31, 1998: Form 10Q filed with the Securities and Exchange Commission on May 12, 1998. The segment reporting on pages 9 and 10 for the quarter ended March 31, 1997 has been amended to correct the depreciation and allocation amounts to its segments. There were no changes to the consolidated numbers.
Segment Information ---------------------------------------------------------------------------------------------------------------- (Three months ended March 31, 1998) PSD EOC CAS Other Total ---------------------------------------------------------------------------------------------------------------- Gross revenues from: External customers $18,047 $10,732 N/A $ -- $28,779 Intersegment revenues 197 524 N/A -- 721 Outside services from: External subcontractors 2,872 85 N/A -- 2,957 Intersegment services 572 151 N/A -- 723 Net revenues 14,800 11,020 N/A 2 25,822 Depreciation expense 553 343 N/A 71 967 Amortization expense -- 15 N/A 138 153 Segment operating profit (loss) before 721 881 N/A -- 1,602 allocations Segment operating profit (loss) after allocations (230) 382 N/A (9) 143 Segment assets(1) Accounts receivable, net $21,215 $10,252 N/A $ -- $31,467 ----------------------------------------------------------------------------------------------------------------- (Three months ended March 31, 1997) ----------------------------------------------------------------------------------------------------------------- Gross revenues from: External customers $20,916 $5,988 $ 4,453 $ 6 $31,363 Intersegment revenues 331 580 734 -- 1,645 Outside services from: External subcontractors 3,507 -- 275 -- 3,782 Intersegment services 1,479 132 8 -- 1,619 Net revenues 16,261 6,436 4,904 (20) 27,581 Depreciation expense 560 281 462 52 1,355 Amortization expense -- 15 -- 136 151 Restructuring/other charges -- -- -- (75) (75) Loss on disposition of laboratory -- -- -- 333 333 Gain on sale of assets -- 826 -- -- 826 Segment operating profit (loss) before 1,384 1,072 108 -- 2,564 allocations Segment operating profit (loss) after allocations 832 737 (45) (207) 1,317 Segment assets(1) Accounts receivable, net $26,807 $7,808 $ -- $ -- $34,615 -----------------------------------------------------------------------------------------------------------------
(1) The Company reviews its consolidated balance sheet and reviews only accounts receivable on a segment basis.
----------------------------------------------------------------------------------------------------------------- Three months ended March 31, 1998 1997 ----------------------------------------------------------------------------------------------------------------- Revenues Total external revenues for reportable segments $28,779 $31,357 Intersegment revenues for reportable segments 721 1,645 Other revenues -- 6 Elimination of intersegment revenues (721) (1,645) ------ ------- Total gross consolidated revenues 28,779 31,363 Less outside services 2,957 3,782 ------ ------- Total net revenue $25,822 $27,581 ----------------------------------------------------------------------------------------------------------------- Profit or Loss Total operating profit for reportable segments before allocations $1,602 $2,564 Overhead allocations expense (1,450) (1,040) Unallocated overhead (9) (207) ------ ------ Total operating profit after allocations 143 1,317 Interest income 168 94 Interest expense (293) (331) Equity earnings 15 18 Minority interest 22 (35) ------ ------ Income before income taxes $ 55 $1,063 ----------------------------------------------------------------------------------------------------------------- March 31, 1998 1997 ----------------------------------------------------------------------------------------------------------------- Assets Accounts receivable for reportable segments $31,467 $34,615 Other current assets 19,644 14,116 Net property and equipment at cost 15,521 14,552 Goodwill, net of amortization 13,778 13,501 Other assets 9,444 12,629 ------- ------- Total consolidated assets $89,854 $89,413 ----------------------------------------------------------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EMCON Date: July 22, 1998 By: /o/ R. Michael Momboisse ----------------------------- R. Michael Momboisse Chief Financial Officer and Vice President - Legal -----END PRIVACY-ENHANCED MESSAGE-----