1 EXHIBIT 13(a)ii CONSOLIDATED BALANCE SHEETS November 30, 1999 and 1998 (Dollars in thousands except per share data) ASSETS 1999 1998 - ------------------------------------------------------------------------------------------ Current assets: Cash and short-term cash investments...................... $ 14,745 $ 33,321 Accounts receivable, less allowance for losses of $5,155 for 1999 and $2,711 for 1998........................... 103,986 67,557 Inventories .............................................. 89,850 58,614 Prepaid expenses and other current assets................. 11,830 2,444 Deferred income taxes..................................... 7,259 6,237 ------------------------- Total current assets............................ 227,670 168,173 ------------------------- Plant assets, at cost less accumulated depreciation........... 126,026 86,389 Acquired intangibles, less accumulated amortization........... 91,151 21,665 Pension assets................................................ 17,879 15,907 Other noncurrent assets....................................... 10,265 13,632 ------------------------- Total assets.................................... $ 472,991 $ 305,766 ========================= LIABILITIES - ----------------------------------------------------------------------------------------- Current liabilities: Current portion of long-term debt......................... $ 5,440 $ 470 Accounts payable and accrued liabilities.................. 87,593 54,525 Income taxes.............................................. 4,442 6,188 ------------------------- Total current liabilities....................... 97,475 61,183 ------------------------- Long-term debt, less current portion.......................... 145,981 36,419 Postretirement health care benefits........................... 3,342 1,821 Long-term pension liabilities................................. 3,577 8,896 Deferred income taxes......................................... 10,238 9,920 Other long-term liabilities................................... 1,265 431 Minority interests............................................ 395 289 Contingencies SHAREHOLDERS' EQUITY - ----------------------------------------------------------------------------------------- Capital stock: Preferred, par value $1, authorized 5,000,000 shares, none issued .......................................... -- -- Common, par value $1, authorized 60,000,000 shares, issued 24,019,722 in 1999 and 23,949,358 in 1998........ 24,020 23,949 Capital in excess of par value............................ 948 156 Accumulated other comprehensive earnings: Foreign currency translation adjustments............... (4,151) (2,993) Retained earnings......................................... 189,901 165,695 ------------------------- Total shareholders' equity...................... 210,718 186,807 ------------------------- Total liabilities and shareholders' equity...... $ 472,991 $ 305,766 ========================= The accompanying notes are an integral part of the consolidated financial statements. 15