|
Condensed Statements of Net Proceeds
| Years Ended July 31 |
2007 |
|
2006 |
(in thousands) |
| Sales |
$ |
284,103 |
$ |
289,695 |
| Cost of Products Sold |
|
221,297 |
|
222,124 |
|
| Gross Margin |
|
62,806 |
|
67,571 |
|
| Operating Expenses: |
| Selling |
|
22,472 |
|
20,660 |
| General and administrative |
|
23,969 |
|
21,449 |
| Interest |
|
7,150 |
|
6,553 |
| Other |
|
(1,692) |
|
(840) |
|
| Total Operating Expenses |
|
51,899 |
|
47,822 |
|
| Proceeds Before Income Tax Expense |
|
10,907 |
|
19,749 |
| Income Tax Expense (Benefit) |
|
(1,827) |
|
327 |
|
| Net Proceeds |
$ |
12,734 |
$ |
19,422 |
|
| Net Proceeds: |
| Proceeds on members' fruit |
$ |
16,572 |
$ |
18,593 |
| Earnings from non-member operations |
|
(3,838) |
|
829 |
|
| Net Proceeds |
$ |
12,734 |
$ |
19,422 |
|
|
CEO’s Letter 