UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 29, 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 0-20382
Danskin, Inc.
(Exact name of registrant as specified in its charter)
Delaware 62-1284179
- ------------------------------- --------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
111 West 40th Street, New York, NY 10018
----------------------------------------
(Address of principal executive offices)
(212) 764-4630
-------------------------------
(Registrant's telephone number)
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
---- ---
The number of shares outstanding of the issuer's Common Stock, $.01 par
value, as of April 30, 1997, excluding 1,000 shares held by a subsidiary:
6,100,101.
<PAGE>
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.
DANSKIN, INC.
May 14, 1997 By: /s/Edwin W. Dean
------------------------------
Edwin W. Dean
Vice Chairman of the Board,
General Counsel and Secretary
May 14, 1997 By: /s/Beverly Eichel
------------------------------
Beverly Eichel
Executive Vice President and
Chief Financial Officer
(Principal Financial Officer)
<TABLE> <S> <C>
<ARTICLE> 5
<CIK> 0000889299
<NAME> Danskin, Inc.
<CURRENCY> US $
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-27-1997
<PERIOD-START> DEC-29-1996
<PERIOD-END> MAR-29-1997
<EXCHANGE-RATE> 1.00
<CASH> 1,331,000
<SECURITIES> 0
<RECEIVABLES> 19,710,000
<ALLOWANCES> 1,001,000
<INVENTORY> 32,916,000
<CURRENT-ASSETS> 57,057,000
<PP&E> 8,894,000
<DEPRECIATION> 8,196,000
<TOTAL-ASSETS> 69,089,000
<CURRENT-LIABILITIES> 35,169,000
<BONDS> 0
0
10
<COMMON> 60,991
<OTHER-SE> (112,001)
<TOTAL-LIABILITY-AND-EQUITY> 69,089,000
<SALES> 30,785,000
<TOTAL-REVENUES> 30,785,000
<CGS> 19,955,000
<TOTAL-COSTS> 19,955,000
<OTHER-EXPENSES> 10,354,000
<LOSS-PROVISION> 86,000
<INTEREST-EXPENSE> 1,185,000
<INCOME-PRETAX> (920,000)
<INCOME-TAX> 49,000
<INCOME-CONTINUING> (969,000)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (969,000)
<EPS-PRIMARY> (0.16)
<EPS-DILUTED> 0
</TABLE>
