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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 (FEE REQUIRED)
For the fiscal year ended December 28, 1996
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 (NO FEE REQUIRED)
For the transition period from ________ to ________
Commission File Number 0-7469
TJ INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 82-0250992
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(State of incorporation) (IRS employer identification number)
200 East Mallard Drive, Boise, Idaho 83706
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (208) 364-3300
Securities registered pursuant to Section 12(b) of the Act: None.
Securities registered pursuant to Section 12(g) of the Act:
Common Stock ($1.00 par value)
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(Title of Class)
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
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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 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]
The aggregate market value of the voting stock held by non-affiliates of the
registrant, computed by reference to the price at which the stock was sold, or
the average bid and asked prices of such stock, as of the close of business on
March 14, 1997, was $352,947,000.
The number of outstanding shares of the registrant's common stock ($1.00 par
value), as of March 14, 1997 was 17,647,360.
Documents incorporated by reference: Listed hereunder the following documents
if incorporated by reference, and the Parts of this Form 10-K into which the
document is incorporated:
The registrant's definitive proxy statement to be dated on or after April 10,
1997, for use in connection with the annual meeting of stockholders to be held
on May 21, 1997, portions of which are incorporated by reference into Part III
of this Form 10-K.
EXHIBIT INDEX ON PAGES 22 AND 23
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
TJ INTERNATIONAL, INC., Registrant
By /s/ Thomas H. Denig
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Thomas H. Denig - President, Chief Executive Officer,
Director and Attorney-in-Fact for Directors listed below.
By /s/ Valerie A. Heusinkveld
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Valerie A. Heusinkveld - Vice President, Finance and Chief
Financial Officer
Each of the above signatures is affixed as of February 13, 1997. Those
Directors of TJ International, Inc. listed below executed powers of attorney
appointing Thomas H. Denig their attorney-in-fact, empowering him to sign this
report on their behalf.
Robert B. Findlay
J. L. Scott
Jerre L. Stead
Harold E. Thomas
Arthur L. Troutner
J. Robert Tullis
Steven C. Wheelwright
William J. White
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The following documents are filed as part of this Report: Pages in this Report
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(3) EXHIBITS
(4) Second Amendment to Credit Agreement, dated as of November 15, 1996.
This amendment increases the credit agreement commitment from
$100,000,000 to $150,000,000 and extends the termination date until
November 15, 2001. This document is filed as an exhibit to this Form
10-K for the fiscal year ended
December 28, 1996.....................................Document 2
(21) Subsidiaries of the Registrant.........................Document 3
(24) Consent of Independent Public Accountants..............Document 4
(25) Powers of Attorney.....................................Document 5
(27) Financial Data Schedules for the years ended
December 31, 1994, December 30, 1995, and
December 28, 1996......................................Document 6
All other schedules are omitted because they are not applicable or the required
information is shown in the Consolidated Financial Statements or Notes thereto.
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<TABLE> <S> <C>
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<ARTICLE> 5
<LEGEND>
THIS DATA SCHEDULE CONTAINS FINANCIAL INFORMATION EXTRACTED FROM THE TJ
INTERNATIONAL, INC. BALANCE SHEET AT DECEMBER 28, 1996 AND FROM ITS STATEMENT OF
INCOME FOR THE TWELVE MONTHS ENDED DECEMBER 28, 1996. THE INFORMATION IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-28-1996
<PERIOD-START> DEC-31-1995
<PERIOD-END> DEC-28-1996
<CASH> 36,801
<SECURITIES> 0
<RECEIVABLES> 74,344
<ALLOWANCES> 451
<INVENTORY> 51,549
<CURRENT-ASSETS> 171,984
<PP&E> 566,603
<DEPRECIATION> 184,504
<TOTAL-ASSETS> 599,815
<CURRENT-LIABILITIES> 64,837
<BONDS> 88,140
0
13,721
<COMMON> 17,501
<OTHER-SE> 196,848
<TOTAL-LIABILITY-AND-EQUITY> 599,815
<SALES> 577,166
<TOTAL-REVENUES> 577,166
<CGS> 434,852
<TOTAL-COSTS> 434,852
<OTHER-EXPENSES> 87,865
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 6,328
<INCOME-PRETAX> 25,758
<INCOME-TAX> 9,583
<INCOME-CONTINUING> 16,175
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 16,175
<EPS-PRIMARY> .86
<EPS-DILUTED> .82
</TABLE>
