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EXHIBIT 13(a)iv
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
For the years ended November 30, 1999, 1998 and 1997 (Dollars in thousands
except per share data)
Common Stock
--------------------------------------------
Number of Shares Amount Accumulated
--------------------- ------------------ Capital in Other
In In Excess of Comprehensive Retained
Issued Treasury Issued Treasury Par Value Earnings Earnings Total
- ----------------------------------------------------------------------------------------------------------------------------------
Balance, November 30, 1996 ..... 23,933,676 - $ 15,956 $ - $ 1,276 $ (761) $138,210 $ 154,681
Net earnings ................... - - - - - - 26,918 26,918
Other comprehensive earnings:
Translation adjustments ...... - - - - - (947) - (947)
Reclassification adjustment
for realized gain on sale
of marketable securities ... - - - - - (992) - (992)
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Total comprehensive earnings . 24,979
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Stock options exercised ........ 293,965 - 196 - 1,380 - 5 1,581
Issuance of stock under
award plans ................ 15,962 - 10 - 201 - - 211
Cash dividends - $0.4350
per common share ........... - - - - - - (10,290) (10,290)
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Balance, November 30, 1997 ..... 24,243,603 - 16,162 - 2,857 (2,700) 154,843 171,162
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Net earnings ................... - - - - - - 32,079 32,079
Other comprehensive earnings:
Translation adjustments ...... - - - - - (293) - (293)
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Total comprehensive earnings . 31,786
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Purchase of treasury stock ..... - (528,691) - (8,447) - - - (8,447)
Retirement of treasury stock ... (528,691) 528,691 (529) 8,447 (5,553) - (2,365) -
Stock split .................... - - 8,145 - -- - (8,145) -
Stock options exercised ........ 212,260 - 154 - 2,391 - - 2,545
Issuance of stock under
award plans ................ 22,186 - 17 - 461 - - 478
Cash dividends - $0.4425
per common share ........... - - - - - - (10,717) (10,717)
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Balance, November 30, 1998 ..... 23,949,358 - 23,949 - 156 (2,993) 165,695 186,807
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Net earnings ................... - - - - - - 35,412 35,412
Other comprehensive earnings:
Translation adjustments ...... - - - - - (1,158) - (1,158)
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Total comprehensive earnings . 34,254
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Purchase of treasury stock ..... - (50,000) - (897) - - - (897)
Retirement of treasury stock ... (50,000) 50,000 (50) 897 (455) - (392) -
Stock options exercised ........ 82,344 - 83 - 740 - - 823
Issuance of stock under
award plans ................ 38,020 - 38 - 507 - - 545
Cash dividends - $0.4525
per common share ........... - - - - - - (10,814) (10,814)
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Balance, November 30, 1999 ..... 24,019,722 - $ 24,020 $ - $ 948 $(4,151) $ 189,901 $ 210,718
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The accompanying notes are an integral part of the consolidated financial
statements.
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