LCUT » Topics » SYRATECH CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands)

This excerpt taken from the LCUT 8-K filed Jul 12, 2006.

SYRATECH CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands)

  For the Years Ended December 31,
  2004
2003
       Net sales     $ 150,926   $ 182,211  
       Cost of sales    113,310    137,331  


            Gross profit    37,616    44,880  

       Selling, general and administrative expenses
    45,285    45,901  
       Asset dispositions, impairment of long-lived assets  
         and restructuring costs    1,116    586  
       Reorganization expenses    1,925    -  


       Operating income (loss) from continuing operations    (10,710 )  (1,607 )

       Interest expense
    (16,073 )  (16,511 )
       Gain on extinguishment of debt    -    9,446  
       Interest income    11    2  


       Income (loss) from continuing operations before provision  
         (benefit) for income taxes    (26,772 )  (8,670 )

     Provision (benefit) for income taxes
    8,211    (2,592 )


       Income (loss) from continuing operations    (34,983 )  (6,078 )

      Discontinued operations:
  
       Loss from discontinued operations .    (9,674 )  (25,530 )


       Net income (loss)    (44,657 )  (31,608 )

       Preferred stock dividend accrued
    4,626    4,130  


     Net income (loss) applicable to common stockholders   $ (49,283 ) $ (35,738 )


  

See notes to consolidated financial statements

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