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Previous: WESTAMERICA BANCORPORATION, 10-Q, 1998-05-12 |
Next: BIOCHEM INTERNATIONAL INC, 10-Q, 1998-05-12 |
This 10-Q/A has been amended to include the restated Financial Data Schedules
as required pursuant to the implementation of SFAS 128.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
(Mark One)
(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 For the quarterly period ended March 31, 1998
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: 1-9293
--------------------------------------------------------------
PRE-PAID LEGAL SERVICES, INC.
(Exact name of registrant as specified in its charter)
Oklahoma 73-1016728
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
321 East Main Street
Ada, Oklahoma 74821-0145
(Address of principal executive offices) (Zip Code)
(580) 436-1234
(Registrants' 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 such
shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for
the past 90 days. Yes X No ____
Indicate the number of shares outstanding of each of the issuer's classes
of common stock as of May 4, 1998:
Common Stock $.01 par value 22,429,627
<PAGE>
PART II. OTHER INFORMATION
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.
---------------------------------
(a) Exhibits: The following exhibits are filed as part of this Form 10-Q:
No. Description
---- -----------------------
11.1 Statement Regarding Computation of Per Share Earnings
27.1 Financial Data Schedule
(b) Reports on Form 8-K: There were no reports on Form 8-K filed by the
Company during the quarter ended March 31, 1998.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
PRE-PAID LEGAL SERVICES, INC.
Date: May 11, 1998 /s/ HARLAND C. STONECIPHER
------------------------------------
Harland C. Stonecipher
Chairman and Chief Executive Officer
(Principal Executive Officer)
Date: May 11, 1998 /s/ RANDY HARP
------------------------------------
Randy Harp
Chief Financial Officer and
Chief Operating Officer
(Principal Financial Officer)
Date: May 11, 1998 /s/ KATHY PINSON
------------------------------------
Kathy Pinson
Controller
(Principal Accounting Officer)
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
The schedule reflects restated primary earnings
per share amounts pursuant to the implementation
of SFAS 128.
</LEGEND>
<RESTATED>
<CIK> 0000311657
<NAME> Pre-Paid Legal Services, Inc.
<MULTIPLIER> 1,000
<CURRENCY> U.S. Dollars
<S> <C> <C> <C>
<PERIOD-TYPE> YEAR 6-MOS 9-MOS
<FISCAL-YEAR-END> DEC-31-1996 DEC-31-1997 DEC-31-1997
<PERIOD-END> DEC-31-1996 JUN-30-1997 SEP-30-1997
<EXCHANGE-RATE> 1 1 1
<CASH> 14,831 19,586 20,959
<SECURITIES> 5,029 0 0
<RECEIVABLES> 1,710 2,001 2,018
<ALLOWANCES> 0 0 0
<INVENTORY> 0 0 0
<CURRENT-ASSETS> 26,149 34,322 37,609
<PP&E> 2,955 2,925 3,181
<DEPRECIATION> 0 0 0
<TOTAL-ASSETS> 57,532 74,165 82,744
<CURRENT-LIABILITIES> 2,774 4,054 4,350
<BONDS> 0 0 0
0 0 0
37 37 36
<COMMON> 225 230 230
<OTHER-SE> 45,212 56,072 61,672
<TOTAL-LIABILITY-AND-EQUITY> 57,532 74,165 82,744
<SALES> 50,582 34,609 54,758
<TOTAL-REVENUES> 59,946 41,924 66,123
<CGS> 0 0 0
<TOTAL-COSTS> 40,761 29,100 45,632
<OTHER-EXPENSES> 0 0 0
<LOSS-PROVISION> 0 0 0
<INTEREST-EXPENSE> 0 0 0
<INCOME-PRETAX> 19,185 12,824 20,491
<INCOME-TAX> 6,715 4,488 7,172
<INCOME-CONTINUING> 12,470 8,336 13,319
<DISCONTINUED> 0 0 0
<EXTRAORDINARY> 0 0 0
<CHANGES> 0 0 0
<NET-INCOME> 12,470 8,329 13,309
<EPS-PRIMARY> .58 .38 .60
<EPS-DILUTED> .56 .37 .59
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
The schedule reflects restated primary earnings
per share amounts pursuant to the implementation
of SFAS 128.
</LEGEND>
<RESTATED>
<CIK> 0000311657
<NAME> Pre-Paid Legal Services, Inc.
<MULTIPLIER> 1,000
<CURRENCY> U.S. Dollars
<S> <C> <C> <C>
<PERIOD-TYPE> YEAR 6-MOS 9-MOS
<FISCAL-YEAR-END> DEC-31-1995 DEC-31-1996 DEC-31-1996
<PERIOD-END> DEC-31-1995 JUN-30-1996 SEP-30-1996
<EXCHANGE-RATE> 1 1 1
<CASH> 14,489 14,161 15,629
<SECURITIES> 3,766 4,448 0
<RECEIVABLES> 1,038 1,321 1,286
<ALLOWANCES> 0 0 0
<INVENTORY> 0 0 0
<CURRENT-ASSETS> 19,950 22,784 25,072
<PP&E> 2,202 2,280 2,258
<DEPRECIATION> 0 0 0
<TOTAL-ASSETS> 35,629 46,461 51,613
<CURRENT-LIABILITIES> 2,323 2,652 2,443
<BONDS> 0 0 0
0 0 0
50 49 43
<COMMON> 215 221 223
<OTHER-SE> 29,475 36,887 40,500
<TOTAL-LIABILITY-AND-EQUITY> 35,629 46,461 51,613
<SALES> 31,290 22,565 35,941
<TOTAL-REVENUES> 37,484 27,150 42,910
<CGS> 0 0 0
<TOTAL-COSTS> 26,230 18,334 29,088
<OTHER-EXPENSES> 0 0 0
<LOSS-PROVISION> 0 0 0
<INTEREST-EXPENSE> 10 0 0
<INCOME-PRETAX> 11,244 8,816 13,822
<INCOME-TAX> 3,932 3,086 4,838
<INCOME-CONTINUING> 7,312 5,730 8,984
<DISCONTINUED> 0 0 0
<EXTRAORDINARY> 0 0 0
<CHANGES> 0 0 0
<NET-INCOME> 7,312 5,722 8,973
<EPS-PRIMARY> .38 .27 .42
<EPS-DILUTED> .34 .26 .40
</TABLE>
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