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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 10-K/A
AMENDMENT NO. 1
FOR ANNUAL REPORT AND TRANSITION REPORTS
PURSUANT TO SECTIONS 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
/X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED JUNE 30, 1997
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM ____ TO ____
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COMMISSION FILE NUMBER 0-23124
ANCHOR GAMING
(Exact name of Registrant as specified in its charter)
NEVADA 88-0304253
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
815 PILOT ROAD, SUITE G, LAS VEGAS, NEVADA 89119
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (702) 896-7568
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class Name of Each Exchange on Which Registered:
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Common Stock, $.01 Par Value The Nasdaq Stock Market's National Market
Securities registered pursuant to Section 12(g) of the Act: None.
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 by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to
the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. / /
The aggregate market value of the Registrant's voting stock held by
non-affiliates of the Registrant at October 9, 1997, based on the $93.50
per share closing price for the Company's common stock on the Nasdaq National
Market was approximately $565,260,141.
The number of shares of the Registrant's Common Stock outstanding as of
October 9, 1997 was 12,958,607.
DOCUMENTS INCORPORATED BY REFERENCE
None.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ANCHOR GAMING
Date: October 15, 1997 By: /s/ Geoffrey A. Sage
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Geoffrey A. Sage,
Corporate Controller
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INDEPENDENT AUDITORS' REPORT ON SCHEDULE
Anchor Gaming and Subsidiaries:
We have audited the consolidated financial statements of Anchor Gaming and
subsidiaries (the "Company") as of June 30, 1997 and 1996, and for each of
the three years in the period ended June 30, 1997 and have issued our report
thereon dated August 1, 1997; such consolidated financial statements and
report are included in your 1997 Annual Report to Stockholders and are
incorporated herein by reference. Our audits also included the consolidated
financial statement schedule of the Company, listed in Item 14. This
consolidated financial statement schedule is the responsibility of the
Company's management. Our responsibility is to express an opinion based on
our audits. In our opinion, such consolidated financial statement schedule,
when considered in relation to the consolidated financial statements taken as
a whole, presents fairly in all material respects the information set forth
therein.
/s/ Deloitte & Touche LLP
DELOITTE & TOUCHE LLP
Las Vegas, Nevada
August 1, 1997
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SCHEDULE II
ANCHOR GAMING AND SUBSIDIARIES
SCHEDULE II
VALUATION AND QUALIFYING ACCOUNTS
<TABLE>
<CAPTION>
ADDITIONS
BALANCE CHARGED TO
BEGINNING OF COST AND OTHER BALANCE AT
DESCRIPTION YEAR EXPENSES ADJUSTMENTS END OF YEAR
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<S> <C> <C> <C> <C>
Year ended June 30, 1995:
Allowance for doubtful accounts (deducted from accounts
receivable).............................................. $ 28,720 $ 52,101 $ -- $ 80,821
Allowance for doubtful accounts (deducted from notes
receivable).............................................. 352,078 495,000 (4,931)(2) 842,147
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$ 380,798 $ 547,101 $ (4,931) $ 922,968
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Year ended June 30, 1996:
Allowance for doubtful accounts (deducted from accounts
receivable).............................................. $ 80,821 $ 198,000 $ -- $ 278,821
Allowance for doubtful accounts (deducted from notes
receivable).............................................. 842,147 99,022(3) (20,000)(1) 915,369
(5,800)(2)
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$ 922,968 $ 297,022 $ (25,800) $ 1,194,190
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Year ended June 30, 1997:
Allowance for doubtful accounts (deducted from accounts
receivable).............................................. $ 278,821 $ 437,784 $ (51,000)(2) $ 665,605
Allowance for doubtful accounts (deducted from notes
receivable).............................................. 915,369 21,883(3) (14,690)(2) 922,562
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$ 1,194,190 $ 459,667 $ (65,690) $ 1,588,167
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(1) Amounts deemed to be uncollectible
(2) Amounts recovered
(3) Primarily charged to development costs included in selling, general, and
administrative expenses
