Statements contained in
this release that are not based on historical fact are “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of 1995.
The risk factors and cautionary statements identifying important factors that
could cause actual results to differ materially from those in the forward-looking
statements are detailed in the Company’s 10-K filing and other filings with
the Securities and Exchange Commission.
|
SIGNAL
APPAREL COMPANY, INC AND SUBSIDIARIES |
||
|
CONSOLIDATED
STATEMENTS OF OPERATIONS |
||
|
(In
Thousands, Except Per Share Data) |
||
|
(Unaudited)
|
||
|
Three
Months Ended |
||
|
March
31, |
April
3, |
|
|
2000
|
1999
|
|
| Net Sales |
$38,400
|
$33,418
|
| Cost of Sales |
29,328 |
24,765
|
| Gross Profit |
9,072
|
8,653
|
| Royalty Expense |
1,445
|
1,986
|
| Selling, General and Administrative Expenses |
7,852
|
7,009
|
| Interest Expense |
4,206
|
3,298
|
| Other Income, net |
(31)
|
|
| Loss Before Income Taxes |
(4,431)
|
(3,609)
|
| Income Taxes |
0
|
0
|
| Net Loss |
(4,431)
|
(3,609)
|
| Less: Preferred Stock Dividends |
997
|
0
|
| Net Loss Applicable to Common Stock |
($5,428)
|
($3,609)
|
| Weighted Average Shares Outstanding, |
||
| Basic and Diluted |
53,352
|
36,591
|
| Basic/Diluted Net Loss Per Share |
($0.10)
|
($0.10)
|
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