|
|
|
|
|
|
Condensed Statements of Net Proceeds
| Years Ended July 31 |
2005 |
|
2004 |
(in thousands) |
| Sales |
$ |
258,126 |
$ |
266,079 |
| Cost of Products Sold |
|
180,273 |
|
188,568 |
|
| Gross Margin |
|
77,853 |
|
77,511 |
|
| Operating Expenses: |
| Selling |
|
20,904 |
|
22,816 |
| General and administrative |
|
23,116 |
|
20,167 |
| Interest |
|
5,598 |
|
5,245 |
| Other |
|
(863) |
|
(531) |
|
| Total Operating Expenses |
|
48,755 |
|
47,697 |
|
| Proceeds Before Income Tax Expense |
|
29,098 |
|
29,814 |
| Income Tax Expense |
|
97 |
|
23 |
|
| Net Proceeds |
$ |
29,001 |
$ |
29,791 |
|
| Net Proceeds: |
| Proceeds on members' fruit |
$ |
26,872 |
$ |
29,590 |
| Earnings from nonmember operations |
|
2,129 |
|
201 |
|
| Net Proceeds |
$ |
29,001 |
$ |
29,791 |
|
|
|
| |
|
CEO's Letter 