EX-99.3 4 a2052289zex-99_3.htm REGISTRANT FISCAL YEAR 2001 Prepared by MERRILL CORPORATION
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Exhibit 99.3


Tab Products Co.
Non-Recurring Charges in 4th Quarter FY2001 and Full Year FY2001
($ in millions except per share amounts)

Special non-recurring charges and write-offs were incurred by the Company during the fourth quarter of FY2001 and the fiscal year as a whole. The amounts, which had a significant impact on the operating loss of the Company, are shown below:

Description

  Unaudited
Fourth Quarter FY2001

  Unaudited
Fiscal Year 2001

Costs associated with corporate HQ relocation   $ 1.0   $ 2.2
Write-off of goodwill associated with the imaging subsidiary (Docucon) (No cash impact in FY 2001)   $ 3.7   $ 3.7
Fixed asset write-offs (associated with HQ relocation) (No cash impact in FY 2001)   $ -0-   $ 0.9
Severance and closing costs associated with closing of 12 branch offices (Nominal cash impact in FY 2001)   $ 0.8   $ 0.8
CEO severance and search fees   $ -0-   $ 1.4
   
 
Total   $ 5.5   $ 9.0
   
 


Tab Products Co.
Fiscal Year 2001 and Fiscal Fourth Quarter Projections
($ in millions except per share amounts)

Preliminary Projections (Unaudited) for 4th Quarter and full year FY 2001:

 
  Unaudited
Fourth Quarter FY2001

  Unaudited
Fiscal Year 2001

 
Revenue   $ 29.2   $ 118.5  
Operating loss   $ (7.7 ) $ (19.4 )
Net loss   $ (4.9 ) $ (12.1 )
Net loss per diluted share   $ (0.95 ) $ (2.34 )

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Tab Products Co. Non-Recurring Charges in 4th Quarter FY2001 and Full Year FY2001 ($ in millions except per share amounts)
Tab Products Co. Fiscal Year 2001 and Fiscal Fourth Quarter Projections ($ in millions except per share amounts)