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EXHIBIT 13(a)iv
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
for the years ended November 30, 1997, 1996 and 1995 (DOLLARS IN THOUSANDS
EXCEPT PER SHARE DATA)
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Common Stock
--------------------------------------
Issued In Treasury Foreign
------------------ ----------------- Capital in Currency Unrealized
Number Number Excess of Translation Holding Retained
of Shares Amount of Shares Amount Par Value Adjustments Gain Earnings
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Balance, November 30, 1994,
as previously reported .... 14,803,788 $14,804 42,900 $ 840 $183 $ (609) $ 911 $103,013
Merger accounted for as a
pooling of interests ...... 1,055,606 1,055 -- -- (105) (556) -- 4,946
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Balance, November 30, 1994,
as restated ............... 15,859,394 15,859 42,900 840 78 (1,165) 911 107,959
Net earnings .................. -- -- -- -- -- -- -- 23,500
Retirement of treasury stock .. (42,900) (43) (42,900) (840) (351) -- -- (446)
Stock options exercised ....... 49,267 50 -- -- 537 -- -- 70
Issuance of stock under
award plans ............... 36,832 37 -- -- 742 -- -- --
Cash dividends -- $.6325
per common share .......... -- -- -- -- -- -- -- (9,330)
Unrealized holding gain on
marketable securities ..... -- -- -- -- -- -- 374 --
Translation adjustments ....... -- -- -- -- -- (638) -- --
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Balance, November 30, 1995 .... 15,902,593 15,903 -- -- 1,006 (1,803) 1,285 121,753
Net earnings .................. -- -- -- -- -- -- -- 25,945
Purchase of treasury stock .... -- -- 21,900 22 -- -- -- --
Retirement of treasury stock .. (21,900) (22) (21,900) (22) (408) -- -- --
Stock options exercised ....... 62,159 62 -- -- 336 -- -- 24
Issuance of stock under
award plans ............... 12,932 13 -- -- 342 -- -- --
Cash dividends -- $.6425
per common share .......... -- -- -- -- -- -- -- (9,512)
Unrealized holding gain on
marketable securities ..... -- -- -- -- -- -- 653 --
Realized gain on sale of
marketable securities ..... -- -- -- -- -- 72 (946) --
Translation adjustments ....... -- -- -- -- -- (22) -- --
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Balance, November 30, 1996 .... 15,955,784 15,956 -- -- 1,276 (1,753) 992 138,210
Net earnings .................. -- -- -- -- -- -- -- 26,918
Stock options exercised ....... 195,977 196 -- -- 1,380 -- -- 5
Issuance of stock under
award plans ............... 10,641 10 -- -- 201 -- -- --
Cash dividends -- $.6525
per common share .......... -- -- -- -- -- -- -- (10,290)
Realized gain on sale of
marketable securities ..... -- -- -- -- -- 180 (992) --
Translation adjustments ....... -- -- -- -- -- (1,127) -- --
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Balance, November 30, 1997 .... 16,162,402 $16,162 -- $ -- $2,857 $(2,700) $ -- $154,843
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The accompanying notes are an integral part of the consolidated financial
statements.
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