SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
(Mark One)
X | Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended February 2, 2002, or | |
Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to |
Commission file number 33-66342
COLE NATIONAL GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware | 34-1744334 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. employer identification no.) |
5915 Landerbrook Drive, Mayfield Heights, Ohio | 44124 | |
(Address of principal executive offices) | (Zip code) | |
Registrant’s telephone number, including area code: | (440) 449-4100 |
Securities registered pursuant to Section 12 (b) of the Act: None
Securities registered pursuant to Section 12 (g) of the Act: None
The registrant meets the conditions set forth in General Instruction I(1)(a) and (b) of Form 10-K and is therefore filing this form in the reduced disclosure format.
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. X YES NO
All of the outstanding capital stock of the registrant is held by Cole National Corporation.
As of March 29, 2002, 1,100 shares of the registrant’s common stock, $.01 par value, were outstanding.
Documents incorporated by reference: None
SIGNATURES
Pursuant to the requirements of section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
COLE NATIONAL GROUP, INC. | ||
April 16, 2002 | By: /s/ Tracy L. Burmeister. Tracy L. Burmeister Vice President, Accounting and Reporting |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
* Jeffrey A. Cole | Chairman and Chief Executive Officer and Director (Principal Executive Officer) | April 16, 2002 | ||
* Larry Pollock | President and Chief Operating Officer and Director | April 16, 2002 | ||
* Thomas T.S. Kaung | Executive Vice President and Chief Financial Officer (Principal Financial Officer) | April 16, 2002 | ||
/s/ Tracy L. Burmeister Tracy L. Burmeister | Vice President, Accounting and Reporting (Principal Accounting Officer) | April 16, 2002 | ||
* Timothy F. Finley | Director | April 16, 2002 | ||
* Irwin N. Gold | Director | April 16, 2002 | ||
* Melchert Frans Groot | Director | April 16, 2002 | ||
* Peter V. Handal | Director | April 16, 2002 | ||
* Charles A. Ratner | Director | April 16, 2002 | ||
* Walter J. Salmon | Director | April 16, 2002 |
* The undersigned, by signing his name hereto, does sign and execute this report on Form 10-K pursuant to the Powers of Attorney executed by the above-named officers and directors of Cole National Group, Inc. and which are being filed herewith with the Securities and Exchange Commission on behalf of such officers and directors.
/s/ Tracy L. Burmeister Tracy L. Burmeister, Attorney-in-Fact |
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COLE NATIONAL GROUP, INC AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
February 2, | February 3, | |||||||||
2002 | 2001 | |||||||||
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | $ | 63,656 | $ | 36,725 | ||||||
Accounts receivable, less allowance for doubtful accounts of $4,008 in 2001 and $7,348 in 2000 | 39,544 | 40,429 | ||||||||
Current portion of notes receivable | 2,825 | 4,272 | ||||||||
Inventories | 111,098 | 122,238 | ||||||||
Refundable income taxes | 502 | 571 | ||||||||
Prepaid expenses and other | 22,613 | 16,154 | ||||||||
Deferred income tax benefits | 430 | 2,009 | ||||||||
Total current assets | 240,668 | 222,398 | ||||||||
Property and equipment, at cost | 291,148 | 284,794 | ||||||||
Less — accumulated depreciation and amortization | (169,851 | ) | (161,775 | ) | ||||||
Total property and equipment, net | 121,297 | 123,019 | ||||||||
Notes receivable, excluding current portion, less allowance for doubtful accounts of $5,209 in 2001 and $4,537 in 2000 | 3,899 | 6,573 | ||||||||
Deferred income tax benefits and other assets | 49,371 | 57,422 | ||||||||
Intangible assets, net | 146,544 | 151,588 | ||||||||
Total assets | $ | 561,779 | $ | 561,000 | ||||||
Liabilities and Stockholder’s Equity | ||||||||||
Current liabilities: | ||||||||||
Current portion of long-term debt | $ | 54 | $ | 49 | ||||||
Accounts payable | 57,242 | 55,644 | ||||||||
Payable to affiliates, net | 73,548 | 81,789 | ||||||||
Accrued interest | 6,130 | 6,337 | ||||||||
Accrued liabilities | 78,725 | 76,620 | ||||||||
Accrued income taxes | 546 | 502 | ||||||||
Total current liabilities | 216,245 | 220,941 | ||||||||
Long-term debt, net of discount and current portion | 274,318 | 274,262 | ||||||||
Other long-term liabilities | 12,040 | 11,506 | ||||||||
Stockholder’s equity: | ||||||||||
Common stock | — | — | ||||||||
Paid-in capital | 195,676 | 195,162 | ||||||||
Accumulated other comprehensive loss | (1,198 | ) | (658 | ) | ||||||
Accumulated deficit | (135,302 | ) | (140,213 | ) | ||||||
Total stockholder’s equity | 59,176 | 54,291 | ||||||||
Total liabilities and stockholder’s equity | $ | 561,779 | $ | 561,000 | ||||||
The accompanying notes to consolidated financial statements are an integral part of these consolidated balance sheets.
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