Dec-11

Dec-10
Dec-09
Dec-08
(TTM)
(TTM)
(TTM)
(TTM)
Total Revenue
136,260.00 128,950.00 118,310.00 146,277.00
Cost of Sales with Depreciation
108,050.00 99,450.00 101,420.00 121,260.00
Cost of Sales
102,670.00 93,550.00 93,310.00 108,340.00
Gross Operating Profit
28,220.00 29,500.00 16,890.00
25,010.00
SG&A
16,850.00 16,910.00 14,220.00
19,620.00
R&D
5,300
5,000
4,900
7,300
Other SG&A
11,550
11,910
9,320
12,320
Other Operating Expense
-33
-216
1,030
1,870
Operating Profit before Depreciation
11,403.00 (EBITDA)
12,806.00
1,640.00
3,520.00
Depreciation
5,360.00
5,800.00
8,020.00
12,830.00
Amortization
0
0
0
0
Amortization of Intangibles
12
97
86
99
Operating Income After Depreciation
6,031.00
6,909.00 -6,466.00
-9,409.00
Interest Income
471
348.00
316.00
0.00
Earnings from Equity Interest
0
0
0
0
Unusual Expense
222.00
836.00 -7,510.00
7,320.00
Total Income Avail for Interest
12,610.00
Expense (EBIT)
12,760.00
9,850.00
-4,890.00
Interest Expense
4,430.00
6,150.00
6,830.00
9,680.00
Income Before Tax (EBT)
8,180.00
6,610.00
3,020.00 -14,570.00
Income Taxes
-11540
592.00
69.00
63
Minority Interest
9
-4
245
214
Preferred Securities of Subsidiary Trust
0
0
0
0
Net Income from Continuing
20,210.00
Operations 6,560.00
2,960.00 -14,470.00
Net Income from Discontinued Ops.0
0
5
9
Net Income from Total Operations
20,210.00
6,560.00
2,965.00 -14,461.00

Ratios

Total Net Income

Enterprise Value

20,210.00

6,560.00

2,965.00

-14,461.00

Normalized Income
20,210.00
Net Income Available for Common
20,210.00
Preferred Dividends
0
Excise Taxes
0

6,560.00
6,560.00
0
0

2,965.00
2,965.00
0
0

-14,461.00
-14,461.00
0
0

4.94

1.66

0.86

-6.5

Additional Data
Basic Weighted Shares Outstanding
3,790.00
Diluted Weighted Shares Outstanding
4,110.00

3,450.00
4,180.00

2,990.00
3,310.00

2,270.00
2,270.00

Per Share Data

Diluted EPS Total

Dec-11
Dec-10
Dec-09
Dec-08
(TTM)
(TTM)
(TTM)
(TTM)
Assets
Cash and Equivalents
Marketable Securities

17.15
18,620.00

14,810.00
20,770.00

21,440.00
22,030.00

22,050.00
17,900.00

Stock Price
Valuation
Price-Earnings
Market to Book
Enterprise / EBITDA
Profitability
Operating Margin
Net Profit Margin
Return on Equity
Financial Strength
Current Ratio
Book Debt-Equity
Mkt Debt-Equity
Interest Coverage

Accounts Receivable

78,540.00

59,090.00

64,430.00

Finished Goods
3,980.00
3,970.00
3,470.00
Work In Progress
0
0
0
Raw Materials
2,850.00
2,810.00
2,780.00
Inventories -Adj Allowances
-928
-865
-798
Inventories
5,900.00
5,920.00
5,450.00
Other Current Assets
0
0
3360
Total Current Assets
120,210.00 118,950.00 111,370.00
Gross Fixed Assets (Plant, Prop.
70,840.00
& Equip.)
73,160.00 60,000.00
Accumulated Depreciation 35,630.00
& Depletion 38,310.00 35,400.00
Net Fixed Assets
35,210.00 34,850.00 24,600.00
Intangibles
100
102
209
Other Assets
3,940.00
8,120.00 16,520.00
Total Non Current Assets 58,140.00 47,740.00 92,180.00

6,490.00
0
3,020.00
-891
5,620.00
4330
117,330.00
66,590.00
38,240.00
28,350.00
1590
6,520.00
105,650.00

Total Assets

222,980.00

178,350.00 166,690.00 203,550.00

Liabilities
Accounts Payable
14,020.00
Short Term Debt
40,310.00
Accrued Expenses
0
Accrued Liabilities
28,728.00
Deferred Revenues
3,667.00
Income Tax Payable
0
Other Current Liabilities
18710
Total Current Liabilities
73,040.00
Long Term Debt
59,180.00
Capital Lease Obligations
0
Deferred Income Taxes -14,430.00
Other Non-Current Liabilities8,420.00
Total Non-Current Liabilities90,240.00
Total Liabilities
Stockholder's Equity
Preferred Stock Equity
Common Stock Equity
Common Par
Retained Earnings
Treasury Stock
Total Equity

77,460.00

13,470.00 11,210.00
41,660.00 43,370.00
0
0
23,579.00 22,443.00
4,093.00
4,558.00
0
3120
19960
20610
75,090.00 78,310.00
62,320.00 89,070.00
0
0
-868.00 -3,370.00
10,540.00 22,600.00
92,240.00 131,760.00

10,640.00
63970
0
28,728.00
3667
2790
34560
11,960.00
90,220.00
0
-3,310.00
15700
227,130.00

163,280.00 167,330.00 210,070.00

239,090.00

0
-7,820.00
34
-13600
-177
-6,520.00

0
-17,310.00
24
-16,150.00
-181
-16,120.00

Total Liabilities & Stock Equity

178,350.00 166,690.00 203,550.00

222,980.00

Share Data

0
15,030.00
38
12,990.00
-166
15,070.00

0
-673.00
38
-7,040.00
-163
-642.00

Shares Outstanding Common3,816.00

Class Only 3,778.00
Preferred Shares
0
0
Total Ordinary Shares
0
0
Total Common Shares Outstanding
3,816.00
3,778.00
Treasury Shares
0
0

3,337.00
0
0
3,337.00
0

2,412.00
0
0
2,412.00
0

Dec-11

Dec-10

Dec-09

Dec-08

11.13

16.79

10

2.29

2.2530364 10.11445783 11.62790698 -0.352307692

2.8183198 -98.80470405

-5.11809816 -0.342647643

10.789753 9.864555677 72.48170732

Industry

11.27
1.15

33.93133523

4.43%

5.36%

-5.47%

-6.43%

10.14%

14.83%

5.09%

2.51%

-9.89%

9.77%

134.11%

-1021.81%

-45.40%

89.76%

15.08%

1.6458105 1.584099081 1.422168305

9.810200669

1.42

6.601858 -161.9626168 -20.31288344 -9.565136476

100.21

2.3585498

1.79506435 4.429431438

29.66162015

2.8465011 2.074796748 1.442166911 -0.505165289

123,035.6

126,325.5

118,870.0

119,438.3

1.14

Jun-12
Jun-11
(TTM)
(TTM)
Operating Revenue
73,723.00 69,943.00
Total Revenue
73,723.00 69,943.00
Adjustment to Revenue
0
0
Cost of Sales
14,660.00 12,930.00
Cost of Sales with Depreciation
17,530.00 15,580.00
Gross Margin
0
0
Gross Operating Profit 56,220.00 54,370.00
R&D
9,810.00 9,040.00
Other SG&A
18,370.00 17,830.00
SG&A
28180
26870
Operating Profit
24,803.00 24,793.00
Operating Profit before Depreciation
28,040.00 27,500.00
(EBITDA)
Depreciation
2,562.00 2,056.00
Depreciation Unreconciled
0
0
Amortization
0
0
Amortization of Intangibles
675
651
Operating Income After Depreciation
24,803.00 24,793.00
Interest Income
800
900
Earnings from Equity Interest
0
0
Unusual Expense
6,940.00
409
Total Income Avail for Interest
22,650.00
Expense
28,365.00
(EBIT)
Interest Expense
380
295
Income Before Tax (EBT)22,270.00 28,070.00
Income Taxes
5,290.00 4,920.00
Minority Interest
0
0
Preferred Securities of Subsidiary 0Trust
0
Net Income from Continuing
16,980.00
Operations
23,150.00
Net Income from Discontinued Ops.
0
0
Net Income from Total Operations
16,980.00 23,150.00
Total Net Income

Jun-10
(TTM)
62,484.00
62,484.00
0
9,720.00
12,400.00
0
50,090.00
8,710.00
16,690.00
25400
22,377.00
24,690.00
1,440.00
0
0
873
22,377.00
692.00
0
801
25,010.00
0
25,010.00
6,250.00
0
0
18,760.00
0
18,760.00

Jun-09
(TTM)
58,437.00
58,437.00
0
9,590.00
12,160.00
0
45,400.00
9,010.00
16,300.00
25310
16,666.00
20,090.00
2,562.00
0
0
862
16,666.00
706
0
1,170.00
19,820.00
0
19,820.00
5,250.00
0
0
14,570.00
0
14,570.00

16,980.00 23,150.00 18,760.00 14,570.00

Normalized Income
16,980.00 23,150.00 18,760.00 14,570.00
Net Income Available for16,980.00
Common 23,150.00 18,760.00 14,570.00
Preferred Dividends
0
0
0
0
Excise Taxes
0
0
0
0
Per Share Data
Diluted EPS Total
2
Diluted Normalized Net Income/Share
2
Dividends Paid per Share
0.8

2.69
2.69
0.64

2.1
2.1
0.52

1.62
1.62
0.52

Additional Data
Basic Weighted Shares Outstanding
8,400.00 8,490.00
Diluted Weighted Shares Outstanding
8,510.00 8,590.00

8,810.00
8,930.00

8,950.00
9,000.00

Jun-12
Jun-11
Jun-10
Jun-09
(TTM)
(TTM)
(TTM)
(TTM)
Assets

Ratios

Stock Price
Valuation
Price-Earnings
Market to Book
Enterprise / EBITDA
Profitability
Operating Margin
Net Profit Margin
Return on Equity
Financial Strength
Current Ratio
Book Debt-Equity
Mkt Debt-Equity
Interest Coverage
Enterprise Value

Cash and Equivalents

2,020.00 1,650.00
Marketable Securities 61,020.00 51,120.00
Accounts Receivable
15,780.00 14,990.00
Finished Goods
831
1080
Work In Progress
96
56
Raw Materials
210
232
Inventories -Adj Allowances
0
0
Inventories
1140
1370
Other Current Assets
5,130.00 5,790.00
Total Current Assets
85,080.00 74,920.00
Gross Fixed Assets (Plant,19,230.00
Prop. & Equip.)
17,990.00
Accumulated Depreciation
10,960.00
& Depletion9,830.00
Net Fixed Assets
8,270.00 8,160.00
Intangibles
16,620.00 13,330.00
Other Non-Current Assets1,520.00 1,430.00
Total Non Current Assets36,190.00 33,780.00
Total Assets

1,660.00
35,130.00
13,010.00
552
16
172
0
740.00
5,130.00
55,680.00
16,260.00
8,630.00
7,630.00
13550
1,500.00
30,430.00

2,060.00
29,380.00
11,190.00
502
45
170
0
717
5,920.00
49,280.00
15,080.00
7,550.00
7,540.00
14,260.00
1,600.00
28,610.00

121,270.00 108,700.00 86,110.00 77,890.00

Liabilities
Accounts Payable
4,180.00 4,200.00 4,030.00 3,320.00
Short Term Debt
1,230.00
0
1
2.00
Income Tax Payable
789
580
1070
725
Other Current Liabilities 26,490.00 24,000.00 20,050.00 20,990.00
Total Current Liabilities 32,690.00 28,770.00 26,150.00 27,030.00
Long Term Debt
10,710.00
11920
4940 3,750.00
Capital Lease Obligations
0
0
0
0
Deferred Income Taxes
1890
1460
229
-279
Other Non-Current Liabilities
7,550.00 6,621.00 8,320.00 7,550.00
Other Liabilities
9610
9470
8620
7550
Total Non-Current Liabilities
22,220.00 22,850.00 13,790.00 11,300.00
Total Liabilities

54,910.00 51,620.00 39,940.00 38,330.00

Stockholder's Equity
Preferred Stock Equity
0
0
0
0
Common Stock Equity 66,360.00 57,080.00 46,180.00 39,560.00
Common Par
65,800.00 63,420.00
62860 62,380.00
Retained Earnings
-856.00 -8,200.00 ######## ########
Treasury Stock
0
0
0
0
Total Equity
66,360.00 57,080.00 46,180.00 36,290.00
Total Liabilities & Stock 121,270.00
Equity
108,700.00 86,110.00 77,890.00
Share Data
Shares Outstanding Common
8,381.00
Class Only
8,376.00
Preferred Shares
0
0
Total Ordinary Shares
0
0
Total Common Shares Outstanding
8,381.00 8,376.00
Treasury Shares
0
0

8,668.00
0
0
8,668.00
0

8,908.00
0
0
8,908.00
0

Jun-12

Jun-11

Jun-10

Jun-09

30.56

26

23.01

23.77

Industry

15.28 9.6654275 10.9571429 14.6728395

27.3

3.85960458 3.8152768 4.31898398 5.83475227

4.63

7.33252496 6.5414545 6.92057918 9.21122449

33.64%

35.45%

35.81%

28.52%

24.45%

23.03%

33.10%

30.02%

24.93%

15.93%

25.59%

40.56%

40.62%

40.15%

24.52%

2.1292543 1.82315945

1.92

0.17992767 0.2088297 0.10699437 0.10338936

0.1294

2.60263077 2.6041015

0.04651272 0.0540002 0.02437375 0.01763643

59.6052632 96.152542
205,604.0

179,890.0

#DIV/0!

#DIV/0!

170,869.1

185,053.5

562.64

* The error message #DIV/0! above occurs because Microsoft does not
have interest expense in 2009 and 2010 on their financial statements due to low debt.
Since that ratio divides EBIT by interest expense, the answer is undefined,
and excel responds with an error message.