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Previous: TOYS R US INC, 4, 1998-06-10 |
Next: PARTY CITY CORP, 4, 1998-06-10 |
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) June 9, 1998
------------
Data Processing Resources Corporation
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
California 0-27612 95-3931443
- --------------------------------------------------------------------------------
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
4400 MacArthur Boulevard, Suite 600, Newport Beach, California 92660
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (714) 553-1102
--------------
Not Applicable
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
ITEM 5. OTHER EVENTS.
The Company has restated its earnings per share in accordance with SFAS
No. 128 "Earnings Per Share" which requires such amounts to be
retroactively stated. Accordingly, attached as Exhibit 27 are the
Restated Financial Data Schedules.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBITS.
27.1 Restated Financial Data Schedule
27.2 Restated Financial Data Schedule
27.3 Restated Financial Data Schedule
27.4 Restated Financial Data Schedule
27.5 Restated Financial Data Schedule
27.6 Restated Financial Data Schedule
27.7 Restated Financial Data Schedule
27.8 Restated Financial Data Schedule
2.
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DATA PROCESSING RESOURCES CORPORATION
(Registrant)
Dated: June 9, 1998 By: /s/ Michael A. Piraino
---------------------------------
Michael A. Piraino
Executive Vice President
3.
<PAGE>
DATA PROCESSING RESOURCES CORPORATION
INDEX TO EXHIBITS
Page
Number Description of Exhibit Number
27.1 Restated Financial Data Schedule
27.2 Restated Financial Data Schedule
27.3 Restated Financial Data Schedule
27.4 Restated Financial Data Schedule
27.5 Restated Financial Data Schedule
27.6 Restated Financial Data Schedule
27.7 Restated Financial Data Schedule
27.8 Restated Financial Data Schedule
4.
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS RESTATED SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM INTERNALLY PREPARED CONSOLIDATED FINANCIAL STATEMENTS FOR THE 3 MONTHS
ENDED JANUARY 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FORM 10-Q FOR PERIOD ENDED JANUARY 31, 1998.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUL-31-1998
<PERIOD-START> OCT-01-1997
<PERIOD-END> JAN-31-1998
<CASH> 15,295
<SECURITIES> 0
<RECEIVABLES> 28,144
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 45,379
<PP&E> 2,618
<DEPRECIATION> 0
<TOTAL-ASSETS> 145,422
<CURRENT-LIABILITIES> 9,783
<BONDS> 0
0
0
<COMMON> 95,452
<OTHER-SE> 2,676
<TOTAL-LIABILITY-AND-EQUITY> 145,422
<SALES> 0
<TOTAL-REVENUES> 44,783
<CGS> 0
<TOTAL-COSTS> 32,610
<OTHER-EXPENSES> 7,920
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 4,315
<INCOME-TAX> 1,898
<INCOME-CONTINUING> 2,417
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 2,417
<EPS-PRIMARY> .22<F1>
<EPS-DILUTED> .21<F2>
<FN>
<F1>EPS IS REPORTED AS "BASIC EPS," AS PRESCRIBED BY SFAS NO. 128
<F2>EPS IS REPORTED AS "DILUTED EPS," AS PRESCRIBED BY SFAS NO. 128
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS RESTATED SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM INTERNALLY PREPARED CONSOLIDATED FINANCIAL STATEMENTS FOR THE 3 MONTHS
ENDED OCTOBER 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FORM 10-Q FOR PERIOD ENDED OCTOBER 31, 1997.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUL-31-1998
<PERIOD-START> AUG-01-1997
<PERIOD-END> OCT-31-1997
<CASH> 15,781
<SECURITIES> 0
<RECEIVABLES> 25,943
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 42,852
<PP&E> 1,734
<DEPRECIATION> 0
<TOTAL-ASSETS> 112,976
<CURRENT-LIABILITIES> 9,528
<BONDS> 0
0
0
<COMMON> 91,212
<OTHER-SE> 2,642
<TOTAL-LIABILITY-AND-EQUITY> 112,976
<SALES> 0
<TOTAL-REVENUES> 45,094
<CGS> 0
<TOTAL-COSTS> 32,690
<OTHER-EXPENSES> 8,027
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 4,504
<INCOME-TAX> 1,982
<INCOME-CONTINUING> 2,522
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 2,522
<EPS-PRIMARY> .23<F1>
<EPS-DILUTED> .22<F2>
<FN>
<F1>EPS IS REPORTED AS "BASIC EPS," AS PRESCRIBED BY SFAS NO. 128
<F2>EPS IS REPORTED AS "DILUTED EPS," AS PRESCRIBED BY SFAS NO. 128
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS RESTATED SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED JULY 31, 1997 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-K FOR PERIOD ENDED JULY 31, 1997.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> JUL-31-1997
<CASH> 17,812
<SECURITIES> 0
<RECEIVABLES> 21,839
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 40,727
<PP&E> 2,875
<DEPRECIATION> 1,446
<TOTAL-ASSETS> 110,287
<CURRENT-LIABILITIES> 10,547
<BONDS> 0
0
0
<COMMON> 90,472
<OTHER-SE> 2,196
<TOTAL-LIABILITY-AND-EQUITY> 110,287
<SALES> 0
<TOTAL-REVENUES> 115,022
<CGS> 0
<TOTAL-COSTS> 85,979
<OTHER-EXPENSES> 18,654
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 11,258
<INCOME-TAX> 4,542
<INCOME-CONTINUING> 6,716
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 6,716
<EPS-PRIMARY> .74<F1>
<EPS-DILUTED> .71<F2>
<FN>
<F1>EPS IS REPORTED AS "BASIC EPS," AS PRESCRIBED BY SFAS NO. 128
<F2>EPS IS REPORTED AS "DILUTED EPS," AS PRESCRIBED BY SFAS NO. 128
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS RESTATED SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM INTERNALLY PREPARED CONSOLIDATED FINANCIAL STATEMENTS FOR THE 3 MONTHS
ENDED APRIL 30, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FORM 10-Q FOR PERIOD ENDED APRIL 30, 1997.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> FEB-01-1997
<PERIOD-END> APR-30-1997
<CASH> 23,635
<SECURITIES> 0
<RECEIVABLES> 19,836
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 44,577
<PP&E> 1,362
<DEPRECIATION> 0
<TOTAL-ASSETS> 105,452
<CURRENT-LIABILITIES> 10,264
<BONDS> 0
0
0
<COMMON> 88,913
<OTHER-SE> 1,636
<TOTAL-LIABILITY-AND-EQUITY> 105,452
<SALES> 0
<TOTAL-REVENUES> 31,355
<CGS> 0
<TOTAL-COSTS> 23,435
<OTHER-EXPENSES> 5,191
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 3,076
<INCOME-TAX> 1,221
<INCOME-CONTINUING> 1,855
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,855
<EPS-PRIMARY> .18<F1>
<EPS-DILUTED> .18<F2>
<FN>
<F1>EPS IS REPORTED AS "BASIC EPS," AS PRESCRIBED BY SFAS NO. 128
<F2>EPS IS REPORTED AS "DILUTED EPS," AS PRESCRIBED BY SFAS NO. 128
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS RESTATED SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM INTERNALLY PREPARED CONSOLIDATED FINANCIAL STATEMENTS FOR THE 3 MONTHS
ENDED JANUARY 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FORM 10-Q FOR PERIOD ENDED JANUARY 31, 1997.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> OCT-01-1996
<PERIOD-END> JAN-31-1997
<CASH> 42,682
<SECURITIES> 0
<RECEIVABLES> 14,437
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 57,944
<PP&E> 1,199
<DEPRECIATION> 0
<TOTAL-ASSETS> 90,604
<CURRENT-LIABILITIES> 6,091
<BONDS> 0
0
0
<COMMON> 80,093
<OTHER-SE> 1,636
<TOTAL-LIABILITY-AND-EQUITY> 90,604
<SALES> 0
<TOTAL-REVENUES> 23,777
<CGS> 0
<TOTAL-COSTS> 18,172
<OTHER-EXPENSES> 3,665
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 2,064
<INCOME-TAX> 803
<INCOME-CONTINUING> 1,261
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,261
<EPS-PRIMARY> .16<F1>
<EPS-DILUTED> .16<F2>
<FN>
<F1>EPS IS REPORTED AS "BASIC EPS," AS PRESCRIBED BY SFAS NO. 128
<F2>EPS IS REPORTED AS "DILUTED EPS," AS PRESCRIBED BY SFAS NO. 128
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS RESTATED SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM INTERNALLY PREPARED FINANCIAL STATEMENTS FOR THE 3 MONTHS ENDED OCTOBER 31,
1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-Q FOR PERIOD
ENDED OCTOBER 31, 1996.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-START> AUG-01-1996
<PERIOD-END> OCT-31-1996
<CASH> 22,945
<SECURITIES> 0
<RECEIVABLES> 9,232
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 32,845
<PP&E> 1,218
<DEPRECIATION> 453
<TOTAL-ASSETS> 44,895
<CURRENT-LIABILITIES> 4,740
<BONDS> 0
0
0
<COMMON> 36,996
<OTHER-SE> 1,636
<TOTAL-LIABILITY-AND-EQUITY> 44,895
<SALES> 0
<TOTAL-REVENUES> 20,134
<CGS> 0
<TOTAL-COSTS> 15,434
<OTHER-EXPENSES> 2,853
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 2,049
<INCOME-TAX> 801
<INCOME-CONTINUING> 1,248
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,248
<EPS-PRIMARY> .17<F1>
<EPS-DILUTED> .16<F2>
<FN>
<F1>EPS IS REPORTED AS "BASIC EPS," AS PRESCRIBED BY SFAS NO. 128
<F2>EPS IS REPORTED AS "DILUTED EPS," AS PRESCRIBED BY SFAS NO. 128
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS RESTATED SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED JULY 31, 1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-K FOR PERIOD ENDED JULY
31, 1996.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-01-1995
<PERIOD-END> JUL-31-1996
<CASH> 21,855
<SECURITIES> 0
<RECEIVABLES> 8,436
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 30,894
<PP&E> 1,131
<DEPRECIATION> 392
<TOTAL-ASSETS> 44,029
<CURRENT-LIABILITIES> 3,993
<BONDS> 0
0
0
<COMMON> 38,125
<OTHER-SE> 1,636
<TOTAL-LIABILITY-AND-EQUITY> 44,029
<SALES> 0
<TOTAL-REVENUES> 58,145
<CGS> 0
<TOTAL-COSTS> 45,918
<OTHER-EXPENSES> 6,719
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 162
<INCOME-PRETAX> 5,346
<INCOME-TAX> 2,096
<INCOME-CONTINUING> 3,250
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 3,250
<EPS-PRIMARY> .57<F1>
<EPS-DILUTED> .54<F2>
<FN>
<F1>EPS IS REPORTED AS "BASIC EPS," AS PRESCRIBED BY SFAS NO. 128
<F2>EPS IS REPORTED AS "DILUTED EPS," AS PRESCRIBED BY SFAS NO. 128
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS RESTATED SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM INTERNALLY PREPARED FINANCIAL STATEMENTS FOR THE 3 MONTHS ENDED APRIL 30,
1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-Q FOR PERIOD
ENDED APRIL 30, 1996.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> FEB-01-1996
<PERIOD-END> APR-30-1996
<CASH> 29,379
<SECURITIES> 0
<RECEIVABLES> 7,719
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 37,587
<PP&E> 964
<DEPRECIATION> 334
<TOTAL-ASSETS> 38,253
<CURRENT-LIABILITIES> 3,058
<BONDS> 0
0
0
<COMMON> 34,472
<OTHER-SE> 1,580
<TOTAL-LIABILITY-AND-EQUITY> 38,253
<SALES> 0
<TOTAL-REVENUES> 14,815
<CGS> 0
<TOTAL-COSTS> 11,780
<OTHER-EXPENSES> 1,606
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 83
<INCOME-PRETAX> 1,346
<INCOME-TAX> 523
<INCOME-CONTINUING> 823
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 823
<EPS-PRIMARY> .13<F1>
<EPS-DILUTED> .13<F2>
<FN>
<F1>EPS IS REPORTED AS "BASIC EPS," AS PRESCRIBED BY SFAS NO. 128
<F2>EPS IS REPORTED AS "DILUTED EPS," AS PRESCRIBED BY SFAS NO. 128
</FN>
</TABLE>
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