|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: WORLDTALK COMMUNICATIONS CORP, DEF 14A, 1998-04-28 |
Next: WHITTMAN HART INC, DEF 14A, 1998-04-28 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A-1
(Mark One)
[X] Annual Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
For the fiscal year ended December 27, 1997
OR
[ ] Transition Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
For the Transition period from ________to ___________
Commission file number 1-11657
______________________________________________________________________________
TUPPERWARE CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 36-4062333
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
14901 South Orange Blossom Trail, Orlando, Florida 32837
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (407)826-5050
Item 1.
The undersigned Registrant hereby amends Form 10-K for the year ended
December 27, 1997, filed on March 24, 1998, by adding to Exhibit 27
thereof Restated Financial Data Schedules for fiscal year 1996 and
for each of the first three fiscal quarters of 1997 and 1996,
pursuant to Regulation S-K Item 601(c)(2)(iii) to reflect the
adoption of FAS 128.
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this amendment to be signed on its
behalf by the undersigned, thereunto duly authorized.
TUPPERWARE CORPORATION
By:
Name: Michael S. Poteshman
Title: Vice President and Controller
Date: April 28, 1998
Item 2: Exhibits
Exhibit No. Description Location
27 Restated Financial Data Schedules Included herewith
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM TUPPERWARE CORPORATION'S FIRST QUARTER 1996 FINANCIAL STATEMENTS
AS FILED IN ITS QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH CONSOLIDATED FINANCIAL STATEMENTS.
EARNINGS PER SHARE HAVE BEEN RESTATED TO REFLECT THE ADOPTION OF
FAS NO. 128.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-28-1996
<PERIOD-START> DEC-31-1995
<PERIOD-END> MAR-30-1996
<CASH> 87400
<SECURITIES> 0
<RECEIVABLES> 197400
<ALLOWANCES> 26600
<INVENTORY> 210000
<CURRENT-ASSETS> 539200
<PP&E> 939100
<DEPRECIATION> 626100
<TOTAL-ASSETS> 948600
<CURRENT-LIABILITIES> 386800
<BONDS> 400
0
0
<COMMON> 0
<OTHER-SE> 472300
<TOTAL-LIABILITY-AND-EQUITY> 948600
<SALES> 329000
<TOTAL-REVENUES> 329000
<CGS> 120400
<TOTAL-COSTS> 120400
<OTHER-EXPENSES> (500)
<LOSS-PROVISION> 1925
<INTEREST-EXPENSE> 900
<INCOME-PRETAX> 43300
<INCOME-TAX> 11700
<INCOME-CONTINUING> 31600
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 31600
<EPS-PRIMARY> 0.47
<EPS-DILUTED> 0.46
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM TUPPERWARE CORPORATION'S SECOND QUARTER 1996 FINANCIAL STATEMENTS
AS FILED IN ITS QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH CONSOLIDATED FINANCIAL STATEMENTS.
EARNINGS PER SHARE HAVE BEEN RESTATED TO REFLECT THE ADOPTION OF
FAS NO. 128.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-28-1996
<PERIOD-START> DEC-31-1995
<PERIOD-END> JUN-29-1996
<CASH> 94200
<SECURITIES> 0
<RECEIVABLES> 207400
<ALLOWANCES> 26700
<INVENTORY> 218500
<CURRENT-ASSETS> 578200
<PP&E> 946200
<DEPRECIATION> 630800
<TOTAL-ASSETS> 987300
<CURRENT-LIABILITIES> 561200
<BONDS> 101900
0
0
<COMMON> 600
<OTHER-SE> 244400
<TOTAL-LIABILITY-AND-EQUITY> 987300
<SALES> 708000
<TOTAL-REVENUES> 708000
<CGS> 254700
<TOTAL-COSTS> 254700
<OTHER-EXPENSES> 1700
<LOSS-PROVISION> 3850
<INTEREST-EXPENSE> 2500
<INCOME-PRETAX> 112100
<INCOME-TAX> 29900
<INCOME-CONTINUING> 82200
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 82200
<EPS-PRIMARY> 1.26
<EPS-DILUTED> 1.24
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM TUPPERWARE CORPORATION'S THIRD QUARTER 1996 FINANCIAL STATEMENTS
AS FILED IN ITS QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH CONSOLIDATED FINANCIAL STATEMENTS.
EARNINGS PER SHARE HAVE BEEN RESTATED TO REFLECT THE ADOPTION OF
FAS NO. 128.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-28-1996
<PERIOD-START> DEC-31-1995
<PERIOD-END> SEP-28-1996
<CASH> 60500
<SECURITIES> 0
<RECEIVABLES> 197300
<ALLOWANCES> 27000
<INVENTORY> 254200
<CURRENT-ASSETS> 569300
<PP&E> 971800
<DEPRECIATION> 648900
<TOTAL-ASSETS> 986400
<CURRENT-LIABILITIES> 552300
<BONDS> 101900
0
0
<COMMON> 600
<OTHER-SE> 252400
<TOTAL-LIABILITY-AND-EQUITY> 986400
<SALES> 998600
<TOTAL-REVENUES> 998600
<CGS> 359300
<TOTAL-COSTS> 359300
<OTHER-EXPENSES> 1400
<LOSS-PROVISION> 5775
<INTEREST-EXPENSE> 7200
<INCOME-PRETAX> 136400
<INCOME-TAX> 36100
<INCOME-CONTINUING> 100300
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 100300
<EPS-PRIMARY> 1.55
<EPS-DILUTED> 1.53
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM TUPPERWARE CORPORATION'S 1996 FINANCIAL STATEMENTS
AS INCORPORATED BY REFERENCE IN ITS ANNUAL REPORT ON FORM 10-K
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH CONSOLIDATED
FINANCIAL STATEMENTS. EARNINGS PER SHARE HAVE BEEN RESTATED TO
REFLECT THE ADOPTION OF FAS NO. 128.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-28-1996
<PERIOD-START> DEC-31-1995
<PERIOD-END> DEC-28-1996
<CASH> 53000
<SECURITIES> 0
<RECEIVABLES> 147200
<ALLOWANCES> 25900
<INVENTORY> 252800
<CURRENT-ASSETS> 523200
<PP&E> 974200
<DEPRECIATION> 643200
<TOTAL-ASSETS> 978500
<CURRENT-LIABILITIES> 367000
<BONDS> 215300
0
0
<COMMON> 600
<OTHER-SE> 304900
<TOTAL-LIABILITY-AND-EQUITY> 978500
<SALES> 1369300
<TOTAL-REVENUES> 1369300
<CGS> 487300
<TOTAL-COSTS> 487300
<OTHER-EXPENSES> 3200
<LOSS-PROVISION> 20900
<INTEREST-EXPENSE> 13200
<INCOME-PRETAX> 234500
<INCOME-TAX> 59800
<INCOME-CONTINUING> 174700
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 174700
<EPS-PRIMARY> 2.75
<EPS-DILUTED> 2.71
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM TUPPERWARE CORPORATION'S FIRST QUARTER 1997 FINANCIAL STATEMENTS
AS FILED IN ITS QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH CONSOLIDATED FINANCIAL STATEMENTS.
EARNINGS PER SHARE HAVE BEEN RESTATED TO REFLECT THE ADOPTION OF
FAS NO. 128.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-27-1997
<PERIOD-START> DEC-29-1996
<PERIOD-END> MAR-29-1997
<CASH> 43500
<SECURITIES> 0
<RECEIVABLES> 147600
<ALLOWANCES> 25600
<INVENTORY> 245300
<CURRENT-ASSETS> 507400
<PP&E> 949000
<DEPRECIATION> 635700
<TOTAL-ASSETS> 945400
<CURRENT-LIABILITIES> 330700
<BONDS> 256900
0
0
<COMMON> 600
<OTHER-SE> 268700
<TOTAL-LIABILITY-AND-EQUITY> 945400
<SALES> 315300
<TOTAL-REVENUES> 315300
<CGS> 114000
<TOTAL-COSTS> 114000
<OTHER-EXPENSES> 2800
<LOSS-PROVISION> 1275
<INTEREST-EXPENSE> 4700
<INCOME-PRETAX> 34100
<INCOME-TAX> 9200
<INCOME-CONTINUING> 24900
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 24900
<EPS-PRIMARY> 0.40
<EPS-DILUTED> 0.40
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM TUPPERWARE CORPORATION'S SECOND QUARTER 1997 FINANCIAL STATEMENTS
AS FILED IN ITS QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH CONSOLIDATED FINANCIAL STATEMENTS.
EARNINGS PER SHARE HAVE BEEN RESTATED TO REFLECT THE ADOPTION OF
FAS NO. 128.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-27-1997
<PERIOD-START> DEC-29-1996
<PERIOD-END> JUN-28-1997
<CASH> 56500
<SECURITIES> 0
<RECEIVABLES> 154900
<ALLOWANCES> 27500
<INVENTORY> 224200
<CURRENT-ASSETS> 495200
<PP&E> 966400
<DEPRECIATION> 654200
<TOTAL-ASSETS> 949700
<CURRENT-LIABILITIES> 318100
<BONDS> 256700
0
0
<COMMON> 600
<OTHER-SE> 284100
<TOTAL-LIABILITY-AND-EQUITY> 949700
<SALES> 657800
<TOTAL-REVENUES> 657800
<CGS> 245100
<TOTAL-COSTS> 245100
<OTHER-EXPENSES> 4300
<LOSS-PROVISION> 3025
<INTEREST-EXPENSE> 10100
<INCOME-PRETAX> 85000
<INCOME-TAX> 22100
<INCOME-CONTINUING> 62900
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 62900
<EPS-PRIMARY> 1.02
<EPS-DILUTED> 1.01
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM TUPPERWARE CORPORATION'S THIRD QUARTER 1997 FINANCIAL STATEMENTS
AS FILED IN ITS QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH CONSOLIDATED FINANCIAL STATEMENTS.
EARNINGS PER SHARE HAVE BEEN RESTATED TO REFLECT THE ADOPTION OF
FAS NO. 128.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-27-1997
<PERIOD-START> DEC-29-1996
<PERIOD-END> SEP-27-1997
<CASH> 38700
<SECURITIES> 0
<RECEIVABLES> 147600
<ALLOWANCES> 27900
<INVENTORY> 215100
<CURRENT-ASSETS> 459700
<PP&E> 959300
<DEPRECIATION> 653000
<TOTAL-ASSETS> 908800
<CURRENT-LIABILITIES> 342900
<BONDS> 230300
0
0
<COMMON> 600
<OTHER-SE> 242900
<TOTAL-LIABILITY-AND-EQUITY> 908800
<SALES> 909200
<TOTAL-REVENUES> 909200
<CGS> 340800
<TOTAL-COSTS> 340800
<OTHER-EXPENSES> 6700
<LOSS-PROVISION> 5165
<INTEREST-EXPENSE> 15800
<INCOME-PRETAX> 89600
<INCOME-TAX> 23300
<INCOME-CONTINUING> 66300
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 66300
<EPS-PRIMARY> 1.08
<EPS-DILUTED> 1.07
</TABLE>
|
|