This excerpt taken from the HAS 10-K filed Mar 9, 2005.
Summary
The relationship between various components of the results of operations, stated as a percent of net revenues, is illustrated below for the three fiscal years
ended December 26, 2004.
2004
2003
2002
Net revenues
100.0
%
100.0
%
100.0
%
Cost of sales
41.8
41.0
39.0
Gross profit
58.2
59.0
61.0
Amortization
2.4
2.4
3.4
Royalties
7.4
7.9
10.5
Research and product development
5.2
4.6
5.5
Advertising
12.9
11.6
10.5
Selling, distribution and administration
20.5
21.5
23.3
Interest expense
1.1
1.7
2.8
Other expense, net
0.0
1.5
1.3
Earnings before income taxes and cumulative effect of accounting change
8.7
7.8
3.7
Income taxes
2.2
2.2
1.0
Net earnings before cumulative effect of accounting change
6.5
5.6
2.7
Cumulative effect of accounting change, net of tax