Financial Highlights | ||||
Year Ended | Year Ended | |||
(Dollars in thousands except per share amounts) | March 31, 1996 | March 31, 1995(1) | ||
Sales | $1,193,846 | $786,904 | ||
Restructuring charges (recovery) | (3,196) | 38,000 | ||
Unusual charges(2) | | 39,639 | ||
Income (loss) from continuing operations | 59,568 | (67,194) | ||
Loss from discontinued operations, net of income tax | (5,527) | (5,414) | ||
Loss on disposal of discontinued operations, net of income tax | (6,240) | | ||
Cumulative effect of accounting change, net of income tax | | (1,500) | ||
Net income (loss) | 47,801 | (74,108) | ||
Earnings (loss) per share primary and fully diluted | ||||
Continuing operations | 4.43 | (6.68) | ||
Discontinued operations(3) | (.87) | (.54) | ||
Cumulative effect of accounting change | | (.15) | ||
Net income (loss) | 3.56 | (7.37) | ||
Depreciation and amortization | 62,416 | 24,983 | ||
Capital expenditures | 28,014 | 19,335 | ||
Cash provided by (used for) operations | 88,691 | (57,460) | ||
Total assets | 1,017,409 | 1,051,819 | ||
Working capital | 58,188 | 128,354 | ||
Total debt to total capitalization | 71.6% | 75.3% | ||
Common shares outstanding | 12,965,542 | 13,849,452 | ||
Number of employees | 7,700 | 8,200 | ||
(1) Reflects the acquisition of Hercules Aerospace Company on March 15, 1995. See Management's Discussion and Analysis and Note 20 to the financial statements. | ||||
(2) Reflects fiscal 1995 charges for change of control and litigation settlement. See Notes 16 and 17 to the financial statements. | ||||
(3) Reflects the results of discontinued operations and the related estimated loss on disposal of those operations. See Note 18 to the financial statements. | ||||