|
|
|
|
|
|
|
|
|
|
|
|
|
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q/A
Amendment No. 1
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
AND EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 1996
or
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
AND EXCHANGE ACT of 1934
For the transition period from to
Commission File Number: 0-19599
WORLD ACCEPTANCE CORPORATION
(Exact name of registrant as specified in its charter.)
South Carolina 57-0425114
(State or other jurisdiction of (I.R.S. Employer Identification
incorporation or organization) Number)
108 Frederick Street
Greenville, South Carolina 29607
(Address of principal executive offices)
(Zip Code)
(864) 298-9800
(registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for shorter period than the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.
X Yes No
Indicate the number of shares outstanding of each of issuer's classes of common
stock, as of the latest practicable date, August 12, 1996.
Common Stock, no par value 19,788,073
(Class) (Outstanding)
1
<PAGE>
WORLD ACCEPTANCE CORPORATION
AND SUBSIDIARIES
TABLE OF CONTENTS
Page
PART II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K 3
Signatures 4
2
<PAGE>
WORLD ACCEPTANCE CORPORATION
AND SUBSIDIARIES
PART II. OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits:
<TABLE>
<CAPTION>
Exhibit
Number Description
<S> <C>
27.1 Financial Data Schedule (for SEC purposes only)
</TABLE>
<PAGE>
WORLD ACCEPTANCE CORPORATION
AND SUBSIDIARIES
SIGNATURES
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 thereunto duly authorized.
WORLD ACCEPTANCE CORPORATION
Dated: August 27, 1996 /s/ C. D. Walters
---------------------
C. D. Walters, Chairman,
and Chief Executive Officer
Dated: August 27, 1996 /s/ A. A. McLean III
------------------------
A. A. McLean III, Executive Vice President
and Chief Financial Officer
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S CONSOLIDATED BALANCE SHEET AT JUNE 30, 1996 (UNAUDITED) AND THE
CONSOLIDATED STATEMENT OF INCOME FOR THE THREE MONTHS ENDED JUNE 30, 1996
(UNAUDITED) AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-START> APR-1-1996
<PERIOD-END> JUN-30-1996
<CASH> 1,431
<SECURITIES> 0
<RECEIVABLES> 82,290
<ALLOWANCES> 5,230
<INVENTORY> 0
<CURRENT-ASSETS> 78,491
<PP&E> 6,133
<DEPRECIATION> 0
<TOTAL-ASSETS> 92,351
<CURRENT-LIABILITIES> 5,469
<BONDS> 46,982
0
0
<COMMON> 39,900
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 92,351
<SALES> 0
<TOTAL-REVENUES> 17,307
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 11,007
<LOSS-PROVISION> 2,246
<INTEREST-EXPENSE> 880
<INCOME-PRETAX> 3,174
<INCOME-TAX> 1,110
<INCOME-CONTINUING> 2,064
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 2,064
<EPS-PRIMARY> .10
<EPS-DILUTED> .10
</TABLE>
|
|