<PAGE> 1
UNITED STATES 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 December 31, 1997
Circle International Group, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-8664 94-1740320
(State or other jurisdiction of (Commission I.R.S. Employer
incorporation or organization) File Number) Identification No.)
260 Townsend Street,
San Francisco, California 94107
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (415) 978-0600
the Harper Group, Inc.
(Former name, former address and former fiscal year if changed from last
report.)
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Item 5. Other Events
Financial Data Schedule
This schedule contains summary financial information extracted form the
condensed consolidated financial statements from the Company's Forms 10Q and
Forms 10K, corresponding to the periods indicated below, and is qualified in
its entirety by reference to such financial statements.
The Financial Data Schedules of such forms are amended below to contain
Diluted Earnings Per Share as required by SFAS No. 128, "Earnings Per Share".
[RESTATED]
[MULTIPLIER] 1000
<TABLE>
<S> <C> <C> <C> <C> <C>
[PERIOD-TYPE] YEAR YEAR 3-Mos 6-Mos 9-Mos
[FISCAL-YEAR-END] Dec-31-1995 Dec-31-1996 Dec-31-1996 Dec-31-1996 Dec-31-1996
[PERIOD-START] Jan-01-1995 Jan-01-1996 Jan-01-1996 Jan-01-1996 Jan-01-1996
[PERIOD-END] Dec-31-1995 Dec-31-1996 Mar-31-1996 Jun-30-1996 Sep-30-1996
[CASH] 22439 31522 24327 23491 35871
[SECURITIES] 47843 6469 35795 30309 7240
[RECEIVABLES] 171624 201686 172078 177964 199186
[ALLOWANCES] 4739 4970 4802 4835 4935
[INVENTORY] 0 0 0 0 0
[CURRENT-ASSETS] 207364 248670 203918 207965 240954
[PP&E] 130008 139513 131955 133601 142683
[DEPRECIATION] 56413 62171 58636 60054 62374
[TOTAL-ASSETS] 336743 393330 341768 340971 387762
[CURRENT-LIABILITIES] 134357 177004 142558 149134 176862
[BONDS] 0 0 0 0 0
[PREFERRED-MANDATORY] 0 0 0 0 0
[PREFERRED] 0 0 0 0 0
[COMMON] 15066 22627 14112 14226 12913
[OTHER-SE] 150390 173224 153597 0 0
[TOTAL-LIABILITY-AND-EQUITY] 336743 393330 341768 340971 387762
[SALES] 0 0 0 0 0
[TOTAL-REVENUES] 542328 595433 132446 278622 434120
[CGS] 0 0 0 0 0
[TOTAL-COSTS] 320517 349815 77554 163394 254829
[OTHER-EXPENSES] 194582 216080 50014 102741 158206
[LOSS-PROVISION] 0 0 0 0 0
[INTEREST-EXPENSE] 0 2658 0 0 0
[INCOME-PRETAX] 30536 34790 6162 14951 24508
[INCOME-TAX] 11664 13175 2404 5831 9460
[INCOME-CONTINUING] 18872 21615 3758 9120 15048
[DISCONTINUED] 0 0 0 0 0
[EXTRAORDINARY] 0 0 0 0 0
[CHANGES] 0 0 0 0 0
[NET-INCOME] 18872 21615 3758 9120 15048
[EPS-PRIMARY] 1.18 1.36 0.24 0.57 0.95
[EPS-DILUTED] 1.16 1.34 0.23 0.56 0.93
</TABLE>
Financial Data Schedule
This schedule contains summary financial information extracted form the
condensed consolidated financial statements from the Company's Forms 10Q
and Forms 10K, corresponding to the periods indicated below, and is
qualified in its entirety by reference to such financial statements.
The Financial Data Schedules of such forms are amended below to contain
Diluted Earnings Per Share as required by SFAS No. 128, "Earnings Per Share".
[RESTATED]
[MULTIPLIER] 1000
<TABLE>
<S> <C> <C> <C>
[PERIOD-TYPE] 3-Mos 6-Mos 9-Mos
[FISCAL-YEAR-END] Dec-31-1997 Dec-31-1997 Dec-31-1997
[PERIOD-START] Jan-01-1997 Jan-01-1997 Jan-01-1997
[PERIOD-END] Mar-31-1997 Jun-30-1997 Sep-30-1997
[CASH] 35981 46190 37572
[SECURITIES] 7787 4002 1067
[RECEIVABLES] 196167 192114 187645
[ALLOWANCES] 5528 5509 6903
[INVENTORY] 0 0 0
[CURRENT-ASSETS] 253997 260304 257077
[PP&E] 137681 139603 138709
[DEPRECIATION] 61760 63130 63833
[TOTAL-ASSETS] 399431 402311 395214
[CURRENT-LIABILITIES] 172523 162725 162358
[BONDS] 0 0 0
[PREFERRED-MANDATORY] 0 0 0
[PREFERRED] 0 0 0
[COMMON] 14935 17122 27292
[OTHER-SE] 170405 177357 169755
[TOTAL-LIABILITY-AND-EQUITY] 399431 402311 395214
[SALES] 0 0 0
[TOTAL-REVENUES] 155452 317281 486845
[CGS] 0 0 0
[TOTAL-COSTS] 93786 190745 294415
[OTHER-EXPENSES] 55756 111796 168864
[LOSS-PROVISION] 0 0 0
[INTEREST-EXPENSE] 0 0 0
[INCOME-PRETAX] 7325 17559 28569
[INCOME-TAX] 2734 6338 10296
[INCOME-CONTINUING] 4591 11221 18273
[DISCONTINUED] 0 0 0
[EXTRAORDINARY] 0 0 0
[CHANGES] 0 0 0
[NET-INCOME] 4591 11221 18273
[EPS-PRIMARY] 0.29 0.70 1.14
[EPS-DILUTED] 0.28 0.68 1.11
</TABLE>
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S I G N A T U R E S
-------------------
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.
CIRCLE INTERNATIONAL GROUP, INC.
--------------------------------
Registrant
Date: March 31, 1998
/S/Peter Gibert
---------------------------
Peter Gibert, President and
Chief Executive Officer
/S/Robert J. Diaz
------------------------------
Robert J. Diaz, Senior Vice President
and Chief Financial Officer
