SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 10549
FORM 10-Q
AMENDMENT NUMBER 1
(Mark One)
(X) Quarterly report pursuant to Section 13 of 15(d) of the
Securities Exchange Act of 1934
For the quarterly period ended November 29, 1996 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 0-10843
CSP Inc.
(Exact name of registrant as specified in its charter)
Massachusetts 04-2441294
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.
40 Linnell Circle, Billerica, Massachusetts
(Address of principal executive offices)
Registrant's telephone number, including area code:(508)663-7598
NONE
(Former name, former address, former fiscal year, if changed
since last report)
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. Yes (X) No ( )
APPLICABLE ONLY TO CORPORATE USERS:
Indicate the number of shares outstanding of each of the issuer's
classes of common stock as of the latest practicable date.
Class Outstanding January 7, 1997
Common stock, $.01 par value 2,661,970 shares
This amendment is being filed to correct the deferred compensation
and retirement plans line of the Balance Sheet.
CSP, INC AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
November 29, August 30,
1996 1996
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents $10,549 $10,928
Marketable securities 7,477 6,127
Accounts receivable, net 2,918 4,147
Inventories (Note 2) 2,618 2,405
Deferred income taxes 481 481
Prepaid expenses 433 351
Total current assets 24,476 24,439
Property, equipment and improvements, net 3,507 3,607
Other assets:
Land held for future development 163 163
Deferred income taxes 407 409
Other assets 919 918
Total other assets 1,489 1,490
Total assets $29,472 $29,536
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued expenses $1,403 $1,425
Income taxes payable 93 214
Total current liabilities 1,496 1,639
Deferred compensation and retirement
plans 2,153 2,093
Shareholders' equity:
Common stock,$.01 par,authorized
7,500,000 shares; issued 2,962,284
and 2,957,284 shares 29 29
Paid in capital 10,422 10,411
Retained earnings 17,405 17,397
27,856 27,837
Less treasury stock, at cost, 301,314
shares (Note 3) 2,033 2,033
Total shareholders' equity 25,823 25,804
Total liabilities and shareholders'equity $29,472 $29,536
See notes to consolidated financial statements.
SIGNATURES
Pursuant to the requirements 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.
CSP Inc.
(Registrant)
Date: January 17, 1997 By: s/s Alexander R. Lupinetti
Chief Executive Officer
and President
Date: January 17, 1997 By: s/s Gary W. Levine
Vice President of Finance
and Chief Financial Officer