FINANCIAL INFORMATION
7
SELECTED FINANCIAL DATA
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) 2003 2002 2001 2000 1999
Revenues $ 62,803 $ 59,533 $ 57,605 $ 51,447 $ 49,917
Income from continuing operations 4,892 4,065 4,262 2,663 2,128
Net income 5,057 2,589 (b) 9,754(c) 2,792 2,293
Total assets 60,050 60,807 65,555 63,690 64,640
Long-term debt 4,287 10,337 17,125 7,400 10,417
Income from continuing operations, per diluted share 2.66 2.18 1.88 1.25 .81
Net income per diluted share 2.75 1.39(b) 4.30(c) 1.31 .87
Cash dividends per common share .24 (a) ————
Average diluted shares outstanding 1,839 1,863 2,272 2,135 2,631
(a) Dividends on outstanding common shares paid in the 3rd and 4th quarter at $.12 per share (see Note 6) 
(b) Includes a $1.6 million after-tax goodwill impairment charge ($ .88 per diluted share) (see Note 2) 
(c) Includes a $5.5 million after-tax gain ($ 2.42 per diluted share) from discontinued operations (see Note 3)
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) 2003 2002 2001 2000 1999
Income from continuing operations $ 4,892 $ 4,065 $ 4,262 $ 2,663 $ 2,128
Add:
Interest expense (income), net 126 354 223 654 257
Income tax expense 1,879 1,403 1,803 923 741
Depreciation and amortization 4,746 4,384 4,569 4,119 3,975
EBITDA $ 11,643 $ 10,206 $ 10,857 $ 8,359 $ 7,101
Average diluted shares outstanding 1,839 1,863 2,272 2,135 2,631
EBITDA per Diluted Share from Continuing Operations $ 6.33 $ 5.48 $ 4.78 $ 3.92 $ 2.70
EBITDA per diluted share from continuing operations, a non-GAAP financial measure, is computed by the Company as EBITDA divided by weighted average diluted shares outstanding.  
The company computes EBITDA by adding income from continuing operations, net interest expense/(income), income tax expense, depreciation and amortization.
EBITDA Per Diluted Share From Continuing Operations
(IN THOUSANDS) 2003 1999
Net Income $ 5,057 $ 2,293
Stockholders’ Equity $ 41,691 $ 49,369
Return on Equity 12% 5%
Return on equity, a non-GAAP financial measure, is computed by the Company by dividing annual net income by the Company’s beginning
of the year stockholders’ equity balance as shown on its balance sheet.
Return on Equity
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES