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Previous: GARMENT CAPITOL ASSOCIATES, NT 10-K, 1998-03-30 |
Next: GENERAL CREDIT CORP, 10KSB, 1998-03-30 |
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:) March 30, 1998
HARCOURT GENERAL, INC.
(Exact of name of registrant as specified in charter)
Delaware
(State or other jurisdiction of its incorporation)
1-4925 04-1619609
(Commission File Number) (I.R.S. Employer Identification No.)
27 Boylston Street, Chestnut Hill, MA 02167
(address of principal executive offices) (Zip Code)
(617) 232-8200
(Registrant's Telephone Number, Including Area Code)
<PAGE>
Item 5. Other Events
The Registrant is filing herewith restated Financial Data Schedules for
the periods listed in Item 7 below to reflect changes in earnings per share
reported in previously submitted Financial Data Schedules. These changes
result from the adoption by the Registrant of Statement of Financial
Accounting Standards No. 128, "Earnings Per Share" (SFAS 128), which was
adopted by the Registrant in the quarter ended January 31, 1998. As required
by SFAS 128, the Registrant has changed the method used to compute earnings
per share and has restated prior periods. For fiscal 1997 and the interim
periods during the last two fiscal years other than those in Item 7 below, the
adoption of SFAS 128 has not changed the earnings per share reported in
previously submitted Financial Data Schedules.
Item 7. Financial Statements and Exhibits
Exhibit 27.1 Restated Financial Data Schedules for:
(i) Fiscal year ended October 31, 1995
(ii) Nine months ended July 31, 1996
(iii) Fiscal year ended October 31, 1996
(iv) Six months ended April 30, 1997
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HARCOURT GENERAL, INC.
Date: March 30, 1998 By: /s/ John R. Cook
John R. Cook
Senior Vice President and
Chief Financial Officer
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains a summary of financial information extracted from the
Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of
Operations and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<MULTIPLIER> 1000
<S> <C> <C> <C> <C>
<PERIOD-TYPE> 6-MOS YEAR 9-MOS YEAR
<FISCAL-YEAR-END> OCT-31-1997 OCT-31-1996 OCT-31-1996 OCT-31-1995
<PERIOD-END> APR-30-1997 OCT-31-1996 JUL-31-1996 OCT-31-1995
<CASH> 459,389 532,862 315,909 363,750
<SECURITIES> 521,197 356,446 268,049 347,534
<RECEIVABLES> 207,562 309,850 350,999 290,725
<ALLOWANCES> 15,174 15,132 16,808 22,486
<INVENTORY> 596,435 592,141 573,852 495,222
<CURRENT-ASSETS> 1,929,169 1,933,265 1,643,051 1,609,798
<PP&E> 954,066 919,202 907,600 827,262
<DEPRECIATION> 389,809 344,276 335,717 286,915
<TOTAL-ASSETS> 3,306,539 3,326,238 3,034,418 2,884,336
<CURRENT-LIABILITIES> 871,956 948,347 907,524 744,971
<BONDS> 792,342 714,282 739,253 789,008
0 0 0 0
1,134 1,152 1,162 1,210
<COMMON> 70,745 71,119 71,108 72,699
<OTHER-SE> 932,484 961,261 898,324 867,204
<TOTAL-LIABILITY-AND-EQUITY> 3,306,539 3,326,238 3,034,418 2,884,336
<SALES> 1,648,725 3,289,919 2,421,996 3,034,736
<TOTAL-REVENUES> 1,648,725 3,289,919 2,421,996 3,034,736
<CGS> 1,019,652 1,906,974 1,421,773 1,765,090
<TOTAL-COSTS> 1,601,460 2,945,197 2,180,540 2,716,840
<OTHER-EXPENSES> 0 0 0 0
<LOSS-PROVISION> 35,741 99,587 69,233 91,377
<INTEREST-EXPENSE> 41,753 82,882 61,876 88,735
<INCOME-PRETAX> 26,887 289,169 200,537 269,106
<INCOME-TAX> 9,141 98,318 68,183 91,496
<INCOME-CONTINUING> 17,746 190,851 132,354 177,610
<DISCONTINUED> 0 0 0 (11,727)
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 17,746 190,851 132,354 165,883
<EPS-PRIMARY> 0.24 2.66 1.85 2.20
<EPS-DILUTED> 0.24 2.62 1.82 2.16
</TABLE>
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