|
Condensed Statements of Net Proceeds
| Years Ended July 31 |
2006 |
|
2005 |
(in thousands) |
| Sales |
$ |
289,695 |
$ |
258,126 |
| Cost of Products Sold |
|
222,124 |
|
180,273 |
|
| Gross Margin |
|
67,571 |
|
77,853 |
|
| Operating Expenses: |
| Selling |
|
20,660 |
|
20,904 |
| General and administrative |
|
21,449 |
|
23,116 |
| Interest |
|
6,553 |
|
5,598 |
| Other |
|
(840) |
|
(863) |
|
| Total Operating Expenses |
|
47,822 |
|
48,755 |
|
| Proceeds Before Income Tax Expense |
|
19,749 |
|
29,098 |
| Income Tax Expense |
|
327 |
|
97 |
|
| Net Proceeds |
$ |
19,422 |
$ |
29,001 |
|
| Net Proceeds: |
| Proceeds on members' fruit |
$ |
18,593 |
$ |
26,872 |
| Earnings from non-member operations |
|
829 |
|
2,129 |
|
| Net Proceeds |
$ |
19,422 |
$ |
29,001 |
|
|
CEO’s Letter 