FORM 10-K/A
(Amendment No. 1)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended: December 31, 1997
Commission File Number 1-5426
THOMAS INDUSTRIES INC.
(Exact name of Registrant as specified in its Charter)
DELAWARE 61-0505332
(State of incorporation) (I.R.S. Employer Identification Number)
4360 BROWNSBORO ROAD, LOUISVILLE, KENTUCKY 40207
(Address of principal executive offices) (Zip Code)
502/893-4600
(Registrant's telephone number, including area code)
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE
SECURITIES EXCHANGE ACT OF 1934:
Title of Each Class Name of Each Exchange on which Registered
Common Stock, $1 Par Value New York Stock Exchange
Preferred Stock Purchase Rights New York Stock Exchange
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. [X]
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. [X]
As of March 9, 1998, 15,865,122 shares of the registrant's Common Stock were
outstanding.
The aggregate market value of the voting stock held by non-affiliates of the
Registrant at March 9, 1998, was approximately $357,956,815.
Portions of the Proxy Statement for the Annual Meeting of Shareholders on April
16, 1998, are incorporated by reference in Part III of this report.
Portions of the Annual Report to Shareholders for fiscal year ended December 31,
1997, are incorporated by reference in Parts I and II of this report.
PART IV.
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K
(2) Financial Statement Schedule
Schedule II -- Valuation and Qualifying Accounts
All other schedules for which provision is made in the applicable
accounting regulation of the Securities and Exchange Commission are not
required under the related instructions or are inapplicable and, therefore,
have been omitted.
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<CAPTION>
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
Thomas Industries Inc. and Subsidiaries
December 31, 1997
ADDITIONS
Balance at Charged to Charged to Balance at
DESCRIPTION Beginning Costs Other Accounts - Deductions- End of
of period and Expenses Describe Describe Period
<S> <C> <C> <C> <C>
Year ended December 31, 1997
Allowance for doubtful accounts $2,243,000 $441,000 $638,000(1) $2,046,000
Allowance for obsolete and slow moving inventory 8,871,000 1,420,000 4,773,000(2) 5,518,000
$11,114,000 $1,861,000 5,411,000 $7,564,000
Year ended December 31, 1996
Allowance for doubtful accounts $2,014,000 $451,000 $222,000(1) $2,243,000
Allowance for obsolete and slow moving inventory 7,751,000 3,260,000 2,140,000(2) 8,871,000
$9,765,000 $3,711,000 $2,362,000 $11,114,000
Year ended December 31, 1995
Allowance for doubtful accounts $1,773,000 $519,000 $278,000(1) $2,014,000
Allowance for obsolete and slow moving inventory 5,724,000 4,004,000 1,977,000(2) 7,751,000
$7,497,000 $4,523,000 $2,255,000 $9,765,000
(1) Uncollectible accounts written off, less recoveries on accounts previously
written off and effect of translation in accordance with SFAS No. 5
(2) Disposal of obsolete inventory and effect of translation in accordance
with SFAS No. 52.
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SIGNATURE
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.
THOMAS INDUSTRIES INC.
Registrant
/s/ Phillip J. Stuecker
Phillip J. Stuecker, Vice President and
Chief Financial Officer
Date July 9, 1998
