<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended December 31, 1993
or
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from ________________ to ______________________
Commission file number 0-7469
A. Full title of the plan and the address of the plan, if different from that
of the issuer named below:
TJ INTERNATIONAL, INC.
PROFIT SHARING PLAN
B. Name of issuer of the securities held pursuant to the plan and the address
of its principal executive office:
TJ INTERNATIONAL, INC.
380 East ParkCenter
P. O. Box 65
Boise, Idaho 83707
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
trustees (or other persons who administer the employee benefit plan) have duly
caused this annual report to be signed on its behalf by the undersigned hereunto
duly authorized.
TJ International, Inc.
Profit Sharing Plan
----------------------------------------
(Name of Plan)
Date June 21, 1994 Valerie A. Heusinkveld
------------------ ----------------------------------------
(Signature)
Valerie A. Heusinkveld
Committee Member, Profit Sharing Plan
Administrative Committee
<PAGE>
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation of our
report dated April 15, 1994, included in this Form 11-K for the year ended
December 31, 1993, into the Company's previously filed Registration Statement on
Form S-8 (33-21870).
ARTHUR ANDERSEN & CO.
Boise, Idaho
June 20, 1994
<PAGE>
TJ INTERNATIONAL, INC.
PROFIT SHARING PLAN
FINANCIAL STATEMENTS
AS OF DECEMBER 31, 1993, 1992 AND 1991
TOGETHER WITH AUDITORS' REPORT
<PAGE>
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Administrative Committee of the
TJ International, Inc. Profit Sharing Plan:
We have audited the accompanying statements of net assets available for plan
benefits of the TJ International, Inc. Profit Sharing Plan (the Plan) as of
December 31, 1993, 1992 and 1991 and the related statements of changes in net
assets available for plan benefits for the years then ended. These financial
statements and the schedules referred to below are the responsibility of TJ
International, Inc. Our responsibility is to express an opinion on these
financial statements and schedules based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for plan benefits of the Plan as
of December 31, 1993, 1992 and 1991 and the changes in its net assets available
for plan benefits for the years then ended in conformity with generally accepted
accounting principles.
Our audits were made for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules 1 through 4
are presented for purposes of additional analysis and are not a required part of
the basic financial statements but are supplementary information required by the
Department of Labor Rules and Regulations for Reporting and Disclosure under the
Employee Retirement Income Security Act of 1974 and/or the Securities and
Exchange Commission rules and regulations under the Securities and Exchange Act
of 1934. The supplemental schedules have been subjected to the auditing
procedures applied in the audits of the basic financial statements and, in our
opinion, are fairly stated, in all material respects, in relation to the basic
financial statements taken as a whole.
ARTHUR ANDERSEN & CO.
Boise, Idaho
April 15, 1994
<PAGE>
TJ INTERNATIONAL, INC.
PROFIT SHARING PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
<TABLE>
<CAPTION>
December 31,
-----------------------------------------
1993 1992 1991
----------- ----------- -----------
<S> <C> <C> <C>
ASSETS
Investments, at current value $76,658,492 $56,520,713 $52,219,567
Cash and cash equivalents 2,391,066 819,520 830,247
Receivables:
Employer contributions 1,071,258 387,305 82,968
Employee contributions 413,977 330,824 225,723
Interest and dividends 33,309 19,938 18,123
Other -- 3,386 --
----------- ----------- -----------
80,568,102 58,081,686 53,376,628
----------- ----------- -----------
LIABILITIES
Accrued management fees 107,174 82,988 82,454
Other accounts payable 1,799,981 300,001 14,300
----------- ----------- -----------
1,907,155 382,989 96,754
----------- ----------- -----------
NET ASSETS AVAILABLE FOR BENEFITS $78,660,947 $57,698,697 $53,279,874
=========== =========== ===========
</TABLE>
The accompanying notes and Supplemental Schedules 1 and 2
are an integral part of these financial statements.
1
<PAGE>
TJ INTERNATIONAL, INC.
PROFIT SHARING PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS
<TABLE>
<CAPTION>
For the Years Ended
December 31
-----------------------------------------
1993 1992 1991
----------- ----------- -----------
<S> <C> <C> <C>
Investment income:
Interest income $ 1,191,281 $ 1,102,565 $ 943,545
Dividend income 108,645 67,621 58,131
Management fees and other (420,128) (373,546) (327,178)
----------- ----------- -----------
879,798 796,640 674,498
----------- ----------- -----------
Gain on disposition of
investments, net 1,224,122 993,718 286,264
Unrealized appreciation of
investments, net 13,515,374 1,833,295 8,639,114
Contributions:
Employee 4,831,067 4,037,055 3,135,272
Employer 2,416,204 1,572,468 1,047,572
----------- ----------- -----------
7,247,271 5,609,523 4,182,844
----------- ----------- -----------
Total additions 22,866,565 9,233,176 13,782,720
Plan benefit claims distributed
during the year (1,969,747) (4,844,699) (2,679,422)
Plan transfers and merger 65,432 30,346 108,439
----------- ----------- -----------
Net increase during the year 20,962,250 4,418,823 11,211,737
Net assets available for
benefits, beginning of year 57,698,697 53,279,874 42,068,137
----------- ----------- -----------
Net assets available for
benefits, end of year $78,660,947 $57,698,697 $53,279,874
=========== =========== ===========
</TABLE>
The accompanying notes and Supplemental Schedules 1 and 2
are an integral part of these financial statements.
2
<PAGE>
TJ INTERNATIONAL, INC.
PROFIT SHARING PLAN
NOTES TO FINANCIAL STATEMENTS
1. PLAN DESCRIPTION:
The TJ International, Inc. Profit Sharing Plan (the Plan) is a defined
contribution plan sponsored by TJ International, Inc. (the Company). The Plan
is administered by an Administrative Committee (the Committee) appointed by the
Company's Board of Directors. Substantially all eligible employees are
participants in the Plan.
Individual accounts are maintained under the following funds for each
participant:
- - - - - - A compensation reduction fund consisting of participant contributions in
selected amounts between 2% to 15% of their compensation limited to a maximum
contribution as set by the Internal Revenue Service.
- - - - - - A Company matching fund to which the Company makes a matching contribution
equal to the first 2% contributed to the compensation reduction fund.
- - - - - - A profit sharing fund consisting of an annual Company contribution which is
determined by a formula based on the Company's annual net income with certain
discretionary powers exercisable by the Company's Board of Directors. This
contribution, as well as any forfeitures, is allocated using a formula based on
participants' annual earnings and years of Plan participation.
- - - - - - An employee pre-1973 after tax contribution fund consisting of
participants' contributions made to the Plan prior to 1973.
Contributions are credited to the participants' accounts as payrolls are
processed throughout the year or annually, as appropriate. The Company profit
sharing and Company matching accounts are subject to vesting provisions of the
Plan as described in Note 5. Participants are always fully vested in their
compensation reduction and pre-1973 contribution account balances. Effective
January 1, 1994, in addition to the 100% matching contribution on the first 2%
contributed by an employee, the Company's Board of Directors extended the
Company's matching contributions to the Plan to include a 50% match on the next
2% of compensation contributed by an employee. The Company's maximum matching
contribution will be 3% of an employee's compensation.
Earnings or losses on the investments held by the Trust are allocated to the
participants' accounts based on the beginning-of-quarter balances.
The assets of the Plan are held in trust by West One Bank (the Trustee),
Columbia Trust Company and U.S. Trust Company (custodians).
3
<PAGE>
The Plan's investment managers have discretionary authority to apportion funds
deposited under their contract among various investments in the manner they
believe to be consistent with the Committee's Plan investment objectives.
Additionally, certain investment criteria to be followed by the Trustees
regarding the temporary investment of assets has been established by the
Committee. Each investment manager's performance is periodically reviewed and
evaluated by the Committee.
Substantially all expenses of administration of the Plan, except for custodial
fees, brokerage fees, management fees, taxes on security transactions and fifty
percent of the employee record keeping fees, are paid by the Company.
The Plan received a determination letter on July 3, 1986, in which the Internal
Revenue Service stated that the Plan, as then designed, was in compliance with
the applicable requirements of the Internal Revenue Code. The Plan has been
amended since receiving the determination letter; however, the plan
administrator and the Plan's tax counsel believe that the Plan is currently in
compliance with the applicable requirements of the Internal Revenue Code.
Therefore, they believe that the Plan is qualified and the related trust is tax
exempt as of the financial statement date.
On August 26, 1993, the Company's Board of Directors declared a two-for-one
stock split in the form of a 100% stock dividend. On October 1, 1993, one share
of common stock was issued for each share outstanding as of September 7, 1993.
All 1993 share information included in these financial statements and notes is
based on the increased number of shares of common stock after giving retroactive
effect to the stock split.
2. SIGNIFICANT ACCOUNTING POLICIES:
The Plan's financial statements have been prepared on the accrual basis of
accounting. Assets of the Plan are valued at current value as of the date of
the financial statements. Market value fluctuations in the Investment Contract
Fund reflect changes in the effective yield on the underlying securities and
have been included in interest income. Contributions from the Company are
recorded in conformity with the Company's funding policy and were received
subsequent to year-end.
Certain reclassifications, have been made to the 1992 and 1991 totals in order
to conform to the current year presentation.
3. INVESTMENTS:
The following is a brief description of the investment funds:
- - - - - - The Balanced Fund seeks to protect principal against inflation through
income and market appreciation. The investment objective of the Balanced
Fund is to provide a positive annual rate of return and preservation of
principal over a full market cycle. The Balanced Fund is invested as part
of a collective investment fund held by Columbia Trust Company, Portland,
Oregon, as custodian. The Balanced Fund may invest in stocks, bonds, and
real estate, guaranteed investment contracts, short-term investments and
other assets deemed appropriate by the fund investment manager.
4
<PAGE>
- - - - - - The Diversified Stock Fund seeks to provide market appreciation. The
investment objective of the Diversified Stock Fund is to provide maximum
long-term investment growth over a full market cycle. The Columbia Trust
Company is the investment manager of the Diversified Stock Fund. The
Diversified Stock Fund is invested as part of a collective investment fund
held by Columbia Trust Company, Portland, Oregon, as custodian. The
Diversified Stock Fund invests in stocks and cash.
- - - - - - The Investment Contract Fund seeks to provide a stable rate of return. The
Investment Contract Fund is a combination of individual guaranteed
investment contracts ("GICs") and collectively invested GICs held by U.S.
Trust Company and managed by Morley Capital Management, Inc., Portland,
Oregon. The Investment Contract Fund invests in GICs issued by insurance
companies and short-term investments.
- - - - - - The TJ International Common Stock Fund seeks to allow participants to share
in the performance of the Company through equity ownership. This fund is
invested in shares of Company common stock and short-term investments.
Net realized gain (determined on an average cost basis) on disposition of
investments in securities for the three years ended December 31, 1993 were as
follows:
<TABLE>
<CAPTION>
TJ
Diversified International
Balanced Stock Common
Fund Fund Stock Fund Total
----------- ----------- ------------ -----------
<S> <C> <C> <C> <C>
1991
Proceeds $22,869,112 $ 416,318 $ 2,709 $23,288,139
Cost 22,682,992 315,791 3,092 23,001,875
----------- ---------- -------- -----------
Net realized gain (loss) $ 186,120 $ 100,527 $ (383) $ 286,264
=========== ========== ======== ===========
1992
Proceeds $ 3,115,644 $ 861,123 $ -- $ 3,976,767
Cost 2,415,585 567,464 -- 2,983,049
----------- ---------- -------- -----------
Net realized gain (loss) $ 700,059 $ 293,659 $ -- $ 993,718
=========== ========== ======== ===========
1993
Proceeds $ 1,822,933 $2,306,664 $198,851 $ 4,328,448
Cost 1,238,889 1,621,953 243,484 3,104,326
----------- ---------- -------- -----------
Net realized gain $ 584,044 $ 684,711 $(44,633) $ 1,224,122
=========== ========== ======== ===========
</TABLE>
5
<PAGE>
The changes in the net unrealized appreciation (depreciation) of investments
during the three years ended December 31, 1993 were as follows:
<TABLE>
<CAPTION>
TJ
Diversified International
Balanced Stock Common
Fund Fund Stock Fund Total
----------- ----------- ------------ -----------
<S> <C> <C> <C> <C>
Unrealized appreciation
(depreciation) at
December 31, 1990 $ (4,972) $1,252,821 $ (560,651) $ 687,198
Appreciation on fund-to-fund
transfers -- -- (41,179) (41,179)
Depreciation on benefit
distributions-in-kind -- -- 9,284 9,284
1991 change in unrealized
appreciation (depreciation) 4,901,418 3,151,416 586,280 8,639,114
---------- ---------- ---------- -----------
Unrealized appreciation
(depreciation) at
December 31, 1991 4,896,446 4,404,237 (6,266) 9,294,417
Appreciation on fund-to-fund
transfers -- -- (5,389) (5,389)
Appreciation on benefit
distributions-in-kind -- -- (11,692) (11,692)
1992 change in unrealized
appreciation (depreciation) 1,232,104 808,257 (207,066) 1,833,295
---------- ---------- ---------- -----------
Unrealized appreciation
(depreciation) at
December 31, 1992 6,128,550 5,212,494 (230,413) 11,110,631
Appreciation on fund-to-fund
transfers -- -- (459,157) (459,157)
Appreciation on benefit
distributions-in-kind (514) 12 (15,346) (15,848)
1993 change in unrealized
appreciation (depreciation) 2,498,254 1,542,990 9,474,130 13,515,374
---------- ---------- ---------- -----------
Unrealized appreciation at
December 31, 1993 $8,626,290 $6,755,496 $8,769,214 $24,151,000
========== ========== ========== ===========
</TABLE>
The Investment Contract Fund included an investment in the U.S. Trust
Presentation Fund with a current value of $11,636,218, which exceeds 5% of plan
net assets available for plan benefits.
4. CONTRIBUTIONS:
Participants in the Plan may make compensation reduction contributions to any of
the investment options. The Company's matching contribution is contributed to
the Investment Contract Fund.
6
<PAGE>
The Company's annual profit sharing contribution, if any, is contributed to the
Investment Contract Fund. The Company made profit sharing contributions of
$928,500 and $543,445 for 1993 and 1992, respectively. The Company's Board of
Directors, as allowed by the Plan, directed the contributions to be evenly
divided between the Company's Profit Sharing Plan and the Employee Stock
Ownership Plan in 1993 and 1992. For 1991, the Company did not make a profit
sharing contribution as the Company was not profitable.
As of December 31, 1993, 1992 and 1991, there were approximately 1,961, 1,842,
and 1,704 participants in the Plan, respectively, some of whom have elected to
invest in more than one fund. The approximate number of participants investing
in each fund was:
<TABLE>
<CAPTION>
December 31
-------------------------
1993 1992 1991
----- ----- -----
<S> <C> <C> <C>
Balanced Fund 1,180 1,146 1,110
Diversified Stock Fund 755 671 512
Investment Contract Fund 852 834 539
TJ International Common Stock Fund 840 461 393
</TABLE>
5. VESTING:
Upon termination of employment, participants are entitled to receive their
compensation reduction amounts, their pre-1973 contributions and their vested
portion of the Company's contributions, as adjusted by allocated earnings or
losses resulting from Plan investments. Participants become vested as follows:
<TABLE>
<CAPTION>
Completed Years 7 or 2 or
of Vesting Service more 6 5 4 3 less
------------------ --------------------------------
<S> <C> <C> <C> <C> <C> <C>
Vested Percentage 100% 80% 60% 40% 20% 0%
</TABLE>
In the event of termination of employment prior to the completion of seven years
of vested service for any reason other than retirement, death or disability, a
participant forfeits the non-vested portion in his or her account balance. The
Plan's break in service provisions provide that the forfeiture of non-vested
participant's account balance and credited years of service will occur in the
year the Plan participation ceases. However, if the participant returns to
active participation before the fifth consecutive one-year break in service, the
non-vested account balance will be reinstated to the participant's account. A
one-year break in service is a Plan year in which a participant is credited with
500 or less hours of service. These forfeitures, totaling $411,156, $280,704
and $314,975 in 1993, 1992 and 1991, respectively, are allocated to the
remaining participants in the Plan. The Plan had $162,389, $72,462 and $0
unallocated forfeitures as of December 31, 1993, 1992 and 1991, respectively.
In the event of a Plan termination, all participant accounts become fully
vested.
7
<PAGE>
6. PLAN TRANSFERS AND MERGER:
In compliance with the Tax Reform Act of 1986, the Company's Employee Stock
Ownership Plan (ESOP) participants age 55 or older and with at least ten years
of ESOP participation must be allowed the opportunity to diversify their
investment from Company stock to a minimum of three investment options.
Accordingly, eligible ESOP participants may elect to transfer all or a portion
of their account balance to the four investment options in the Plan. Eligible
participants elected to transfer their account balances totaling $65,432,
$30,346, and $108,439 in 1993, 1992 and 1991, respectively, from the ESOP to the
Plan.
7. RECONCILIATION TO THE PLAN TAX RETURN:
At December 31, 1993, 1992 and 1991, the net assets available for benefits
includes $519,019, $541,722 and $1,380,761, respectively, of amounts which are
due to participants but have not been paid. These amounts have been accrued as
liabilities and subtracted from net assets available for benefits in the Plan's
tax return.
8
<PAGE>
SUPPLEMENTAL SCHEDULE 1
TJ INTERNATIONAL, INC.
EIN: 82-0250992
PROFIT SHARING PLAN
PLAN NUMBER 002
STATEMENTS OF NET ASSETS AVAILABLE FOR PLAN BENEFITS BY FUND
FOR THE YEARS ENDED DECEMBER 31, 1993, 1992 AND 1991
<TABLE>
<CAPTION>
TJ
Investment International
Balanced Diversified Contract Common
As of December 31, 1993 Fund Stock Fund Fund Stock Fund Total Plan
- - - - - ----------------------- ----------- ----------- ----------- ------------- -----------
<S> <C> <C> <C> <C> <C>
ASSETS
Investments, at current value $25,312,867 $15,084,217 $17,091,499 $19,169,909 $76,658,492
Cash and cash equivalents 130,715 896,094 1,354,637 9,620 2,391,066
Receivables:
Employer contributions -- -- 1,071,258 -- 1,071,258
Employee contributions 155,563 89,347 96,345 72,722 413,977
Interest and dividends 720 686 443 31,460 33,309
Due (to) from other funds 159,968 (692,832) (1,304,033) 1,836,897 --
Other -- -- -- -- --
----------- ----------- ----------- ----------- -----------
25,759,833 15,377,512 18,310,149 21,120,608 80,568,102
----------- ----------- ----------- ----------- -----------
LIABILITIES
Accrued management fees 53,296 32,745 17,100 4,033 107,174
Other accounts payable -- -- -- 1,799,981 1,799,981
----------- ----------- ----------- ----------- -----------
53,296 32,745 17,100 1,804,014 1,907,155
----------- ----------- ----------- ----------- -----------
NET ASSETS AVAILABLE FOR BENEFITS $25,706,537 $15,344,767 $18,293,049 $19,316,594 $78,660,947
=========== =========== =========== =========== ===========
<CAPTION>
TJ
Investment International
Balanced Diversified Contract Common
As of December 31, 1992 Fund Stock Fund Fund Stock Fund Total Plan
- - - - - ----------------------- ----------- ----------- ----------- ------------- -----------
<S> <C> <C> <C> <C> <C>
ASSETS
Investments, at current value $22,778,502 $13,693,180 $15,707,926 $4,341,105 $56,520,713
Cash and cash equivalents 146,012 8,688 364,909 299,911 819,520
Receivables:
Employer contributions -- -- 387,305 -- 387,305
Employee contributions 134,881 69,769 84,298 41,876 330,824
Interest and dividends 528 143 342 18,925 19,938
Due (to) from other funds (115,312) (87,305) 175,214 27,403 --
Other 3,386 -- -- -- 3,386
----------- ----------- ----------- ---------- -----------
22,947,997 13,684,475 16,719,994 4,729,220 58,081,686
----------- ----------- ----------- ---------- -----------
LIABILITIES
Accrued management fees 46,657 28,689 6,989 653 82,988
Other accounts payable -- -- -- 300,001 300,001
----------- ----------- ----------- ---------- -----------
46,657 28,689 6,989 300,654 382,989
----------- ----------- ----------- ---------- -----------
NET ASSETS AVAILABLE FOR BENEFITS $22,901,340 $13,655,786 $16,713,005 $4,428,566 $57,698,697
=========== =========== =========== ========== ===========
</TABLE>
9
<PAGE>
SUPPLEMENTAL SCHEDULE 1
TJ INTERNATIONAL, INC.
EIN: 82-0250992
PROFIT SHARING PLAN
PLAN NUMBER 002
STATEMENTS OF NET ASSETS AVAILABLE FOR PLAN BENEFITS BY FUND
FOR THE YEARS ENDED DECEMBER 31, 1993, 1992 and 1991
<TABLE>
<CAPTION>
TJ
Investment International
Balanced Diversified Contract Common
As of December 31, 1991 Fund Stock Fund Fund Stock Fund Total Plan
- - - - - ----------------------- ----------- ----------- ----------- ------------- -----------
<S> <C> <C> <C> <C> <C>
ASSETS
Investments, at current value $23,836,982 $12,927,388 $12,112,910 $3,342,287 $52,219,567
Cash and cash equivalents 11,214 -- 818,448 585 830,247
Receivables:
Employer contributions -- -- 82,968 -- 82,968
Employee contributions 104,884 45,026 43,697 32,116 225,723
Interest and dividends 419 234 2,522 14,948 18,123
----------- ----------- ----------- ---------- -----------
23,953,499 12,972,648 13,060,545 3,389,936 53,376,628
----------- ----------- ----------- ---------- -----------
LIABILITIES
Accrued management fees 48,769 27,226 5,687 772 82,454
Other accounts payable -- 14,300 -- -- 14,300
----------- ----------- ----------- ---------- -----------
48,769 41,526 5,687 772 96,754
----------- ----------- ----------- ---------- -----------
NET ASSETS AVAILABLE FOR BENEFITS $23,904,730 $12,931,122 $13,054,858 $3,389,164 $53,279,874
=========== =========== =========== ========== ===========
</TABLE>
10
<PAGE>
SUPPLEMENTAL SCHEDULE 2
TJ INTERNATIONAL, INC.
EIN: 82-0250992
PROFIT SHARING PLAN
PLAN NUMBER 002
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS BY FUND
FOR THE YEARS ENDED DECEMBER 31, 1993, 1992 AND 1991
<TABLE>
<CAPTION>
TJ
Investment International
Balanced Diversified Contract Common
As of December 31, 1993 Fund Stock Fund Fund Stock Fund Total Plan
- - - - - ----------------------- ----------- ----------- ----------- ------------- -----------
<S> <C> <C> <C> <C> <C>
Investment income:
Interest income $ 11,414 $ 1,717 $ 1,177,778 $ 372 $ 1,191,281
Dividend income -- -- -- 108,645 108,645
Management fees and other (205,311) (129,256) (75,505) (10,056) (420,128)
Gain (loss) on disposition of
investments,net 584,044 684,711 -- (44,633) 1,224,122
Unrealized appreciation of
investments, net 2,498,254 1,542,990 -- 9,474,130 13,515,374
Contributions:
Employee 1,805,619 1,166,669 1,082,576 776,203 4,831,067
Employer -- -- 2,416,204 -- 2,416,204
Plan benefit claims distributed
during the year (856,218) (473,763) (487,962) (151,804) (1,969,747)
Transfers among funds, net (1,037,429) (1,110,230) (2,536,336) 4,683,995 --
Plan merger and transfers 4,824 6,143 3,289 51,176 65,432
----------- ----------- ----------- ----------- -----------
Net increase during the year 2,805,197 1,688,981 1,580,044 14,888,028 20,962,250
Net assets available for benefits,
beginning of year 22,901,340 13,655,786 16,713,005 4,428,566 57,698,697
----------- ----------- ----------- ----------- -----------
Net assets available for benefits,
end of year $25,706,537 $15,344,767 $18,293,049 $19,316,594 $78,660,947
=========== =========== =========== =========== ===========
</TABLE>
11
<PAGE>
SUPPLEMENTAL SCHEDULE 2
TJ INTERNATIONAL, INC.
EIN: 82-0250992
PROFIT SHARING PLAN
PLAN NUMBER 002
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS BY FUND
FOR THE YEARS ENDED DECEMBER 31, 1993, 1992 AND 1991
<TABLE>
<CAPTION>
TJ
Investment International
Balanced Diversified Contract Common
As of December 31, 1992 Fund Stock Fund Fund Stock Fund Total Plan
- - - - - ----------------------- ----------- ----------- ----------- ------------- -----------
<S> <C> <C> <C> <C> <C>
Investment income:
Interest income $ 4,415 $ 1,471 $ 1,095,127 $ 1,552 $ 1,102,565
Dividend income -- -- -- 67,621 67,621
Management fees and other (193,208) (114,314) (61,843) (4,181) (373,546)
Gain on disposition of
investments,net 700,059 293,659 -- -- 993,718
Unrealized appreciation (deprecia-
tion) of investments, net 1,232,104 808,257 -- (207,066) 1,833,295
Contributions:
Employee 1,674,989 907,426 902,379 552,261 4,037,055
Employer -- -- 1,572,468 -- 1,572,468
Plan benefit claims distributed
during the year (2,163,676) (1,038,573) (1,419,506) (222,944) (4,844,699)
Transfers among funds, net (2,258,556) (133,262) 1,569,037 822,781 --
Plan merger and transfers 483 -- 485 29,378 30,346
----------- ----------- ----------- ---------- -----------
Net increase during the year (1,003,390) 724,664 3,658,147 1,039,402 4,418,823
Net assets available for benefits,
beginning of year 23,904,730 12,931,122 13,054,858 3,389,164 53,279,874
----------- ----------- ----------- ---------- -----------
Net assets available for benefits,
end of year $22,901,340 $13,655,786 $16,713,005 $4,428,566 $57,698,697
=========== =========== =========== ========== ===========
</TABLE>
12
<PAGE>
SUPPLEMENTAL SCHEDULE 2
TJ INTERNATIONAL, INC.
EIN: 82-0250992
PROFIT SHARING PLAN
PLAN NUMBER 002
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS BY FUND
FOR THE YEARS ENDED DECEMBER 31, 1993, 1992 AND 1991
<TABLE>
<CAPTION>
TJ
Investment International
Balanced Diversified Contract Common
As of December 31, 1991 Fund Stock Fund Fund Stock Fund Total Plan
- - - - - ----------------------- ----------- ----------- ----------- ------------- -----------
<S> <C> <C> <C> <C> <C>
Investment income:
Interest income $ 15,820 $ 1,800 $ 925,484 $ 441 $ 943,545
Dividend income -- -- -- 58,131 58,131
Management fees and other (181,157) (98,947) (44,741) (2,333) (327,178)
Gain (loss) on disposition of
investments,net 186,120 100,527 -- (383) 286,264
Unrealized appreciation of
investments, net 4,901,418 3,151,416 -- 586,280 8,639,114
Contributions:
Employee 1,490,174 613,600 550,170 481,328 3,135,272
Employer -- -- 1,047,572 -- 1,047,572
Plan benefit claims distributed
during the year (1,293,322) (532,561) (618,624) (234,915) (2,679,422)
Transfers among funds, net (1,741,261) 236,065 1,479,069 26,127 --
Plan merger and transfers 45,494 -- 62,945 -- 108,439
----------- ----------- ----------- ---------- -----------
Net increase during the year 3,423,286 3,471,900 3,401,875 914,676 11,211,737
Net assets available for benefits,
beginning of year 20,481,444 9,459,222 9,652,983 2,474,488 42,068,137
----------- ----------- ----------- ---------- -----------
Net assets available for benefits,
end of year $23,904,730 $12,931,122 $13,054,858 $3,389,164 $53,279,874
=========== =========== =========== ========== ===========
</TABLE>
13
<PAGE>
SUPPLEMENTAL SCHEDULE 3
TJ INTERNATIONAL, INC.
EIN: 82-0250992
PROFIT SHARING PLAN
PLAN NUMBER 002
BALANCED FUND
ITEM 27(a) - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
DECEMBER 31, 1993
<TABLE>
<CAPTION>
Current
Identity of Issue Description of Investment Cost Value
- - - - - -------------------------------------------------------------------------------
<S> <C> <C> <C>
Shearson Lehman Short-term income fund,
130,715 participation units,
interest rates and due dates
variable $ 130,715 $ 130,715
=========== ===========
Columbia Trust Balanced fund, 3,921,861
Company* participation units $16,686,577 $25,312,867
=========== ===========
<FN>
* Known party-in-interest.
</TABLE>
14
<PAGE>
SUPPLEMENTAL SCHEDULE 3
TJ INTERNATIONAL, INC.
EIN: 82-0250992
PROFIT SHARING PLAN
PLAN NUMBER 002
DIVERSIFIED STOCK FUND
ITEM 27(a) - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
DECEMBER 31, 1993
<TABLE>
<CAPTION>
Current
Identity of Issue Description of Investment Cost Value
- - - - - -------------------------------------------------------------------------------
<S> <C> <C> <C>
Shearson Lehman Short-term income fund, 896,094
participation units, interest
rates and due dates variable $ 896,094 $ 896,094
=========== ===========
Columbia Trust Diversified Stock Investment
Company* Fund, 1,782,288 participation
units. $ 8,328,721 $15,084,217
=========== ===========
<FN>
* Known party-in-interest.
</TABLE>
15
<PAGE>
SUPPLEMENTAL SCHEDULE 3
TJ INTERNATIONAL, INC.
EIN: 82-0250992
PROFIT SHARING PLAN
PLAN NUMBER 002
INVESTMENT CONTRACT FUND
ITEM 27(a) - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
DECEMBER 31, 1993
<TABLE>
<CAPTION>
Current
Identity of Issue Description of Investment Cost Value
- - - - - -------------------------------------------------------------------------------
<S> <C> <C> <C>
Shearson Lehman Short-term income fund,
1,354,630 participation units,
interest rates and due dates
variable $1,354,630 $1,354,630
U.S. Trust Company* Short-term income fund, 7
participation units, interest
rates and due dates variable 7 7
---------- ----------
Total Investment Contract Fund
cash equivalents $1,354,637 $1,354,637
========== ==========
Confederation Life Guaranteed investment contract
number 62513, 8.77% rate of
return, July 2, 1996 maturity
date $ 617,011 $ 617,011
Crown Life Guaranteed investment contract
number GARC-9003944, 9.20% rate
of return, July 5, 1995 maturity
date 1,019,950 1,019,950
Life of Virginia Guaranteed investment contract
number GS-2554, 7.63% rate of
return, February 28, 1997
maturity date 572,022 572,022
Manufacturers Life Guaranteed Investment Contract
number GD-38331, 9.11% rate of
return, May 8, 1995 maturity date 782,576 782,576
</TABLE>
16
<PAGE>
SUPPLEMENTAL SCHEDULE 3
TJ INTERNATIONAL, INC.
EIN: 82-0250992
PROFIT SHARING PLAN
PLAN NUMBER 002
INVESTMENT CONTRACT FUND
ITEM 27(a) - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
DECEMBER 31, 1993
<TABLE>
<CAPTION>
Current
Identity of Issue Description of Investment Cost Value
- - - - - -------------------------------------------------------------------------------
<S> <C> <C> <C>
Penn Mutual Life Guaranteed investment contract
number GVC-91101, 9.35% rate of
return, November 29, 1995
maturity date $ 673,929 $ 673,929
Protective Life Guaranteed investment contract
number GA-556, 8.73% rate of
return, March 2, 1996 maturity
date 739,732 739,732
Safeco Life Guaranteed investment contract
Insurance Co. number LP-133970, 8.54% rate of
return, May 15, 1996 maturity
date 434,184 434,184
Sun Life Assurance Guaranteed investment contract
number S-0717-G, 8.7% rate of
return, September 2, 1996
maturity date 615,877 615,877
U.S. Trust U.S. Trust Preservation Fund
Company* 503,776 participation units,
interest rates and due dates
variable 11,636,218 11,636,218
----------- -----------
Total investment contract fund
investments $17,091,499 $17,091,499
=========== ===========
</TABLE>
17
<PAGE>
SUPPLEMENTAL SCHEDULE 3
TJ INTERNATIONAL, INC.
EIN: 82-0250992
PROFIT SHARING PLAN
PLAN NUMBER 002
TJ INTERNATIONAL COMMON STOCK FUND
ITEM 27(a) - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
DECEMBER 31, 1993
<TABLE>
<CAPTION>
Current
Identity of Issue Description of Investment Cost Value
- - - - - -------------------------------------------------------------------------------
<S> <C> <C> <C>
Shearson Lehman Short-term income fund,
9,620 participation units,
interest rates and due dates
variable $ 9,620 $ 9,620
========== ==========
TJ International, 633,716 shares common stock $10,400,695 $19,169,909
Inc.* =========== ===========
<FN>
* Known party-in-interest
</TABLE>
18
<PAGE>
SUPPLEMENTAL SCHEDULE 4
TJ INTERNATIONAL, INC.
EIN: 82-0250992
PROFIT SHARING PLAN
PLAN NUMBER 002
ITEM 27(d) - SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 1993
<TABLE>
<CAPTION>
Description Total Total Expenses Current Value
Identity Assets, Interest Number Dollar Dollar Incurred Of Assets On Net Gain
of Party Rate and of Value of Value of Lease With Cost of Transaction or
Involved Maturity Date Transactions Purchases Sales Rental Transactions Assets Date (Loss)
- - - - - ------------- ------------------- ------------ ----------- ------------ -------- ------------- --------- --------------- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Shearson Short-term
Lehman Income Fund,
interest rates
and maturity
dates variable 53 $ -- $10,322,711 N/A $ -- $10,322,711 $10,322,711 $ --
Shearson Short-term
Lehman Income Fund,
interest rates
and maturity
dates variable 53 12,963,693 -- N/A -- 12,963,693 12,963,693 --
West One Corporate Money
Bank * Market Account,
interest rate
and maturity
dates variable 7 -- 6,794,704 N/A -- 6,794,704 6,794,704 --
West One Corporate Money
Bank * Market Account,
interest rate
and maturity
dates variable 9 6,794,704 -- N/A -- 6,794,704 6,794,704 --
TJ Common Stock 40 6,484,176 -- N/A -- 6,484,176 6,484,176 --
International,
Inc. *
TJ Common Stock 5 -- 1,000,010 N/A -- 801,111 1,000,010 198,899
International,
Inc. *
U.S. Trust U.S. Trust
Company* Preservation
Fund 3 1,874,989 -- N/A -- 1,874,989 1,874,989 --
U.S. Trust U.S. Trust
Company* Preservation
Fund -- -- 1,269,998 N/A -- 1,032,105 1,269,998 237,893
<FN>
* Known party-in-interest
</TABLE>
