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Previous: ROYAL GRIP INC, PRES14A, 1997-06-10 |
Next: CHASE COMMERCIAL MORTGAGE SECURITIES CORP, 8-K, 1997-06-10 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
Amendment No. 1
QUARTERLY REPORT UNDER SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File
For the Quarterly Period Ended March 29, 1997 Number 0-22468
WICKES LUMBER COMPANY
(Exact name of registrant as specified in its charter)
Delaware 36-3554758
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
706 North Deerpath Drive, Vernon Hills, Illinois 60061
(Address of principal executive offices) (Zip Code)
847-367-3400
(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, and (2) has been subject to such
filing requirements for the past 90 days.
Yes X No
As of May 1, 1997, the Registrant had 7,667,234 shares of Common Stock, par
value $.01 per share, and 499,768 shares of Class B Non-Voting Common
Stock, par value $.01 per share, outstanding.
<PAGE>
WICKES LUMBER COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
(in thousands except share and per share data)
<TABLE>
<CAPTION> Three Months Ended
------------------
March 29, March 30,
1997 1996
--------- ---------
<S> <C> <C>
Net sales $ 159,319 $ 152,508
Cost of sales 122,372 117,578
--------- ---------
Gross profit 36,947 34,930
--------- ---------
Selling, general and administrative expenses 37,782 35,684
Depreciation, goodwill and trademark amortization 1,188 1,432
Provision for doubtful accounts 1,046 1,365
Other operating income (844) (888)
--------- ---------
39,172 37,593
--------- ---------
Loss from operations (2,225) (2,663)
Interest expense 5,152 5,706
Equity in loss of affiliated company 553 1,058
--------- ---------
Loss before income taxes (7,930) (9,427)
Provision for income taxes (2,740) (3,253)
--------- ---------
Net loss $ (5,190) $ (6,174)
========= =========
Loss per common share $ (0.63) $ (1.00)
========= =========
Weighted average common and common
equivalent shares outstanding 8,173,582 6,159,261
========= =========
</TABLE>
The accompanying notes are an integral part of the
condensed consolidated financial statements.
<PAGE>
EXPLANATORY NOTE
This Amendment No. 1 is being filed for the purpose of correcting the
prior year period heading reported in the Company's Condensed Consolidated
Statements of Operations.
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15 (d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this Amendment No. 1
to Form 10-Q to be signed on its behalf by the undersigned, thereunto duly
authorized.
WICKES LUMBER COMPANY
By: /s/ George A. Bajalia
---------------------
George A. Bajalia
Senior Vice President and Chief Financial
Officer
Date: June 10, 1997
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