Exhibit 13-c
CONSOLIDATED BALANCE SHEET
October 28, 2001 and October 29, 2000 2001 2000
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(In thousands)
ASSETS
Current assets:
Cash and cash equivalents $ 7,881 $ 785
Marketable securities 62 30
Receivables 167,822 191,371
Inventories 139,186 134,922
Deferred income taxes 37,564 32,747
Prepaid expenses 9,662 9,383
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TOTAL CURRENT ASSETS 362,177 369,238
Property, plant and equipment - net 133,332 126,910
Intangible assets - net 343,106 93,763
Deferred income taxes 3,726 7,679
Other assets 20,112 12,450
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$ 862,453 $ 610,040
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LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Notes payable $ 194,964 $ 91,697
Accounts payable 55,357 74,151
Income taxes payable 2,926 4,095
Accrued liabilities 71,404 65,305
Customer advance payments 12,992 10,226
Current maturities of long-term debt 14,580 4,230
Current obligations under capital leases 3,430 3,304
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TOTAL CURRENT LIABILITIES 355,653 253,008
Long-term debt 188,078 57,498
Obligations under capital leases 3,695 3,302
Pension and retirement obligations 50,144 47,484
Other liabilities 1,157 1,525
Shareholders' equity:
Preferred shares, no par value; 10,000,000 shares authorized; none issued -- --
Common shares, no par value; 80,000,000 shares authorized;
49,011,000 shares issued 12,253 12,253
Capital in excess of stated value 114,889 103,142
Retained earnings 499,570 493,273
Accumulated other comprehensive loss (18,358) (11,946)
Common shares in treasury, at cost (344,194) (348,979)
Deferred stock-based compensation (434) (520)
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TOTAL SHAREHOLDERS' EQUITY 263,726 247,223
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$ 862,453 $ 610,040
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The accompanying notes are an integral part of the consolidated financial
statements.