EXHIBIT 99
INTERTAN, INC.
RECLASSIFICATION OF PRIOR YEAR BALANCES
During the year the Company made certain minor reclassifications in the
presentation of certain revenue and expense items on the Consolidated Statements
of Operations. Prior year balances have been reclassified, as appropriate, to
conform with the current year presentation. Set out below are tables which
compare, on a quarterly basis, the Statements of Operations for the prior year
as reported and as reclassified. These tables exclude foreign currency
transaction gains and losses, interest expense and provision for income taxes,
none of which were affected by the reclassification. All amounts shown are in
thousands.
(in thousands)
First Quarter Ended Second Quarter Ended Third Quarter Ended
September 30, 1994 December 31, 1994 March 31, 1995
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As As As As As As
Reported Reclassified Reported Reclassified Reported Reclassified
----------- -------------- ---------- -------------- ---------- --------------
Net sales..............................$ 108,464 $ 111,799 $ 179,836 $ 183,684 $ 97,707 $ 101,001
Other income........................... 1,496 104 2,328 862 1,610 217
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109,960 111,903 182,164 184,546 99,317 101,218
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Operating costs and expenses:
Cost of products sold................ 62,964 64,402 103,720 105,989 54,522 56,344
Selling, general and
administrative expenses........... 44,924 45,429 57,011 57,124 45,599 45,678
Depreciation and amortization........ 2,027 2,027 1,969 1,969 1,865 1,865
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109,915 111,858 162,700 165,082 101,986 103,887
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Operating income (loss)................$ 45 $ 45 $ 19,464 $ 19,464 $ (2,669) $ (2,669)
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Nine Months Ended Fourth Quarter Ended Twelve Months Ended
March 31, 1995 June 30, 1995 June 30, 1995
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As As As As As As
Reported Reclassified Reported Reclassified Reported Reclassified
----------- -------------- ---------- -------------- ---------- --------------
Net sales..............................$ 386,007 $ 396,484 $ 91,777 $ 95,267 $ 477,784 $ 491,751
Other income........................... 5,434 1,183 1,410 34 6,844 1,217
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391,441 397,667 93,187 95,301 484,628 492,968
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Operating costs and expenses:
Cost of products sold................ 221,206 226,735 50,838 52,701 272,044 279,436
Selling, general and
administrative expenses........... 147,534 148,231 45,285 45,536 192,819 193,767
Depreciation and amortization........ 5,861 5,861 1,643 1,643 7,504 7,504
Provision for business restructuring. - - (1,600) (1,600) (1,600) (1,600)
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374,601 380,827 96,166 98,280 470,767 479,107
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Operating income (loss)................$ 16,840 $ 16,840 $ (2,979) $ (2,979) $ 13,861 $ 13,861
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