|
|
|
|
|
|
Condensed Statements of Net Proceeds
| Years Ended JULY 31 |
2004 |
|
2003 |
(in thousands) |
| Sales |
$ |
266,079 |
$ |
266,400 |
| Cost of Products Sold |
|
188,568 |
|
184,973 |
|
| Gross Margin |
|
77,511 |
|
81,427 |
|
| Operating Expenses: |
| Selling |
|
22,816 |
|
26,902 |
| General and administrative |
|
20,167 |
|
19,162 |
| Interest |
|
5,245 |
|
5,847 |
| Other |
|
(531) |
|
(752) |
| Total Operating Expenses |
|
47,697 |
|
51,159 |
| Proceeds Before Income Tax Expense |
|
29,814 |
|
30,268 |
| Income Tax Expense |
|
23 |
|
189 |
|
| Net Proceeds |
$ |
29,791 |
$ |
30,079 |
|
| Net Proceeds: |
| Proceeds on members' fruit |
$ |
29,590 |
$ |
30,254 |
| Earnings from nonmember operations |
|
201 |
|
(175) |
|
| Net Proceeds |
$ |
29,791 |
$ |
30,079 |
|
|
|
| |
|
