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<p><b>SECURITIES AND EXCHANGE COMMISSION<br>
WASHINGTON, D.C. &nbsp;20549<br>
<br>
FORM 8-K</b></p>
<p align="center">CURRENT REPORT<br>
</p>
<p align="center">Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934</p>
<p align="center"><br>
Date of Report (Date of earliest event reported) &nbsp;&nbsp;&nbsp;<u>April 29, 2003</u><br>
<br>
</p>
<table border="0" cellspacing="1" width="450">
  <tr>
    <td>
    <p align="center"><b><font size="5">KIMBALL INTERNATIONAL, INC.</font></b></td>
  </tr>
  <tr>
    <td><hr SIZE="1"></td>
  </tr>
  <tr>
    <td>
    <p align="center"><font size="2">(Exact name of registrant as specified in
    its charter)</font></td>
  </tr>
</table>
<p align="center"></p>
<center>
<table cellSpacing="0" width="624" border="0">
  <tr>
    <td width="33%">&nbsp;</td>
    <td width="33%">&nbsp;</td>
    <td width="33%">&nbsp;</td>
  </tr>
  <tr>
    <td>
    <p align="center">Indiana</td>
    <td>
    <p align="center">0-3279</td>
    <td>
    <p align="center">35-0514506</td>
  </tr>
  <tr>
    <td>
    <p align="center"></p>
    <hr width="90%" SIZE="1"></td>
    <td>
    <p align="center"></p>
    <hr width="48%" SIZE="1"></td>
    <td>
    <p align="center"></p>
    <hr width="90%" SIZE="1"></td>
  </tr>
  <tr>
    <td align="center"><font size="2">(State or other jurisdiction of</font></td>
    <td align="center"><font size="2">(Commission File</font></td>
    <td align="center"><font size="2">(IRS Employer Identification No.)</font></td>
  </tr>
  <tr>
    <td align="center"><font size="2">incorporation)</font></td>
    <td align="center"><font size="2">Number)</font></td>
    <td>&nbsp;</td>
  </tr>
</table>
<table cellSpacing="0" width="624" border="0">
  <tr>
    <td width="55%">&nbsp;</td>
    <td width="4%">&nbsp;</td>
    <td width="41%">&nbsp;</td>
  </tr>
  <tr>
    <td>
    <p align="center">&nbsp;</td>
    <td>&nbsp;</td>
    <td>
    <p align="center">&nbsp;</td>
  </tr>
  <tr>
    <td>
    <p align="center">1600 Royal Street, Jasper, Indiana</td>
    <td>&nbsp;</td>
    <td>
    <p align="center">47549-1001</td>
  </tr>
  <tr>
    <td>
    <p align="center"></p>
    <hr width="64%" SIZE="1"></td>
    <td>&nbsp;</td>
    <td>
    <p align="center"></p>
    <hr width="48%" SIZE="1"></td>
  </tr>
  <tr>
    <td align="center"><font size="2">(Address of principal executive offices)</font></td>
    <td>&nbsp;</td>
    <td align="center"><font size="2">(Zip Code)</font></td>
  </tr>
</table>
</center>
<p align="center">Registrant's telephone number, including area code &nbsp;&nbsp;<u>(812)
482-1600</u></p>
<table border="0" cellspacing="1" width="350">
  <tr>
    <td>
    <p align="center">Not Applicable</td>
  </tr>
  <tr>
    <td><hr SIZE="1"></td>
  </tr>
  <tr>
    <td>
    <p align="center"><font size="2">(Former name or former address, if changed
    since last report)</font></td>
  </tr>
</table>
</center>
<p align="center">1</p>
<hr SIZE="1">
<p><b>Item 7. Financial Statements and Exhibits<br>
<br>
(c) Exhibits</b></p>
<p align="left">99.1 Earnings Release dated April 29, 2003</p>
<p align="left">&nbsp;</p>
<p><b>Item 9. Regulation FD Disclosure<br>
<br>
</b>The information under this caption is furnished under Item 9 in place of
Item 12 of Form 8-K in accordance with interim guidance provided by the
Securities and Exchange Commission.</p>
<p>On April 29, 2003, Kimball International, Inc. (&quot;the Company&quot;) issued an
earnings release for the quarter ended March 31, 2003. The Company's earnings
release is attached as Exhibit 99.1. </p>
<p>The earnings release contains non-GAAP financial measures. A non-GAAP
financial measure is a numerical measure of a company's financial performance
that excludes or includes amounts so as to be different than the most directly
comparable measure calculated and presented in accordance with GAAP in the
statement of income, balance sheet or statement of cash flows of the company. In
this regard, GAAP refers to generally accepted accounting principles in the
United States. The Company has provided reconciliations within the earnings
release of all non-GAAP financial measures to the most directly comparable GAAP
financial measures.</p>
<p>The non-GAAP financial measures used with the Company's earnings release
include:</p>
<ul type="disc">
  <li>Fiscal 2003 third quarter net income and earnings per share excluding
  costs associated with restructuring activities; </li>
  <li>Fiscal 2002 third quarter earnings per share excluding the effect of a
  one-time gain on the sale of a subsidiary. </li>
</ul>
<p>Management believes it is useful for investors to understand how its core
operations performed without the effects of executing its restructuring plans.
Excluding these costs, which are infrequent in nature, allows investors to
meaningfully trend, analyze and benchmark the performance of the Company's core
operations by business segment. Many of the Company's internal performance
measures exclude costs associated with executing its restructuring plans to
enable meaningful trending of core operating metrics over an extended period of
time. </p>
<p>For similar reasons cited above, management also believes it is useful for
investors to understand how its core operations performed without the effect of
the one-time gain on the sale of a subsidiary. Also linked to the above
reasoning, most trended internal performance metrics also exclude this one-time
gain.</p>
<p align="left">&nbsp;</p>
<p align="center">2</p>
<p align="center"></p>
<hr SIZE="1"><center>
<p><b>SIGNATURES</b></p>
</center>
<p>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 hereto duly authorized. </p>
<div align="right">
  <table cellSpacing="0" border="0" cellpadding="0">
    <tr>
      <td width="30">&nbsp;</td>
      <td width="300">&nbsp;</td>
    </tr>
    <tr>
      <td width="30">&nbsp;</td>
      <td width="300">KIMBALL INTERNATIONAL, INC.</td>
    </tr>
    <tr>
      <td width="30">&nbsp;</td>
      <td width="300">&nbsp;</td>
    </tr>
    <tr>
      <td width="30">&nbsp;</td>
      <td width="300">&nbsp;</td>
    </tr>
    <tr>
      <td width="30">
      <p align="center">By:</td>
      <td width="300">/s/ Robert F. Schneider</td>
    </tr>
    <tr>
      <td width="30">&nbsp;</td>
      <td width="300"><hr align="left" width="70%" SIZE="1"></td>
    </tr>
    <tr>
      <td width="30">&nbsp;</td>
      <td width="300">ROBERT F. SCHNEIDER<br>
      Executive Vice President, <br>
      Chief Financial Officer<br>
      Treasurer</td>
    </tr>
  </table>
</div>
<p><br>
Date: April 29, 2003</p>
<p align="center">3</p>
<hr>
<p><b>Kimball International, Inc.<br>
Exhibit&nbsp;Index</b><br>
</p>
<table cellspacing="0" border="0" cellpadding="0" width="90%">
  <tr>
    <td>Exhibit No.</td>
    <td>Description</td>
  </tr>
  <tr>
    <td><hr width="70" align="left" size="1"></td>
    <td><hr width="220" align="left" size="1"></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">99.1</td>
    <td valign="top">Earnings Release dated April 29, 2003.</td>
  </tr>
</table>
<p align="center">4</p>
<hr>
<p><b>Exhibit 99.1</b></p>
<p>KIMBALL INTERNATIONAL, INC. REPORTS THIRD QUARTER 2003 RESULTS<br>
<br>
JASPER, IN (April 29, 2003) - Kimball International, Inc. (NASDAQ: KBALB) today
announced the financial results for its third quarter of fiscal year 2003 which
ended March 31, 2003. <br>
<br>
Consolidated Overview<br>
Net sales for the fiscal 2003 third quarter totaled $285.9 million, down from
net sales of $290.1 million reported during the comparable fiscal 2002 third
quarter, as increased sales in the Electronic Contract Assemblies segment were
more than offset by lower sales in the Furniture and Cabinets segment. The
Company's net income in the current year third quarter totaled $2.8 million, or
$0.07 per Class B share, inclusive of costs associated with executing
incremental cost scaling actions under the Company's previously announced
restructuring plan. Costs associated with restructuring activities, including
adjustments to original cost estimates, totaled $0.6 million after-tax, or $0.02
per share. Excluding costs associated with restructuring activities, third
quarter net income totaled $3.4 million, or $0.09 per share. The Company's net
income in the prior year third quarter, inclusive of a one-time gain of $0.22
per share on the sale of a piano subsidiary, was $0.42 per share. Excluding the
gain on the sale of the piano subsidiary, prior year net income totaled $0.20
per share. <br>
<br>
The consolidated operating income margin in the 2003 fiscal third quarter,
decreased below the prior year third quarter, driven by a reduction in the
consolidated gross profit margin, which exceeded improvements in consolidated
SG&amp;A spending. The operating income margin comparison includes costs associated
with restructuring activities in both years, and approximately $5.3 million of
SG&amp;A costs associated with the sale of a piano subsidiary in the prior year.
Excluding the restructuring costs in both years and SG&amp;A costs related to the
sale of the subsidiary in the prior year, the operating income margin in the
current year quarter also trended below the prior year. Stronger operating
income margins in the Electronic Contract Assemblies segment, in part due to the
higher sales level, were more than offset by significantly lower operating
income performance in the Furniture and Cabinets segment. <br>
<br>
The Company generated $42.6 million of cash from operations in the current year
third quarter, significantly exceeding the prior year quarterly level. The
improvement in cash flow generated from operating activities was due largely to
lower investments in working capital. Both business segments generated positive
cash flow from operating activities in the quarter.</p>
<p>&quot;Despite prolonged economic challenges and reductions in demand triggered by
war concerns, we were able to generate strong cash flow from operations during
the quarter,&quot; stated Kimball International Chairman and Chief Executive Officer,
Douglas A. Habig. &quot;Our strong cash flow this quarter further contributes to our
solid balance sheet and strong liquidity position which enables us to stay
focused on our long-term strategies and continue to make prudent capital
investments in equipment and technology. These investments for the long-term are
instrumental to profitable sales growth and improvement in operating margins,&quot;
stated Mr. Habig.<br>
<br>
Furniture and Cabinets Segment<br>
The Furniture and Cabinets segment recorded sales of $165.9 million during the
third quarter of fiscal 2003, down from sales of $175.8 million in the prior
year third quarter. Most major product lines within this segment recorded lower
sales in the current year third quarter. The greatest reductions in sales
volumes were in the office furniture and contract manufacturing product lines.
The Company's decline in office furniture sales, the largest market within this
segment, continued to be less than the overall industry decline based upon the
most recent industry statistics. <br>
<br>
Operating income margins in the Furniture and Cabinets segment in the 2003
fiscal third quarter, decreased below the prior year third quarter. When
excluding restructuring activity costs in both years and prior year costs
associated with the sale of the piano subsidiary, operating income margins were
well below the prior year. The Furniture and Cabinets segment incurred an
operating loss in the current year third quarter driven by lower gross profit
margins despite some margin benefit from the partial completion of this
segment's restructuring activities. The year-over-year gross profit margin
comparison was impacted by a $1.4 million LIFO inventory reserve reduction in
the prior year third quarter, associated with lower inventory levels. This
segment continues to experience margin pressures across product lines. The
greatest reduction in gross profit margins relative to the prior year third
quarter was in the contract manufacturing product line. This product line
continues to experience depressed and unstable demand levels in the markets it
supports leading to pricing pressures and difficulties in aligning capacities
and costs with sales volume levels. Losses in the furniture components product
line, which totaled $0.06 per share in the quarter, continue to affect overall
segment profitability. However, furniture components product line losses were
lower than the preceding three quarters. <br>
<br>
&quot;I am pleased to report that we are on schedule in terms of completing the
incremental cost scaling actions under our December 2002 restructuring plan,&quot;
stated Mr. Habig. &quot;As we have previously stated, many of these actions are
targeted to improve our performance in the Furniture and Cabinets segment. As of
the end of the third quarter, we have exited, or are in process of exiting, six
manufacturing facilities, each of which has been operating at a loss the last
several quarters. Benefits from these and other scaling actions will be gradual
and continue over the next several quarters and will be partially mitigated by
our investments in other strategic initiatives. The lingering sluggish economy,
now coupled with the reality of war, continues to lead to recessed business
investment driving down demand levels in our furniture markets. However, we
remain confident that the actions we are taking to scale our cost structures in
the Furniture and Cabinets segment will lead to improved operating margins as we
fully complete our scaling actions and these markets begin to recover,&quot;
concluded Mr. Habig.<br>
<br>
Electronic Contract Assemblies Segment<br>
The Electronic Contract Assemblies segment posted sales of $119.8 million during
the third quarter of fiscal 2003, up from sales of $114.3 million during the
prior year third quarter due primarily to higher electronic automotive products
sales. <br>
<br>
Operating income margins in the Electronic Contract Assemblies segment exceeded
the prior year third quarter. Operating income in the current year third quarter
included restructuring income associated with an adjustment to an original cost
estimate related to the sale of a manufacturing facility. Net costs associated
with the sale and exit of this facility were less than originally estimated.
Operating income margins, exclusive of the income related to this restructuring
cost adjustment, exceeded the prior year. This segment improved its overall
gross profit margin as certain locations experienced stronger volume levels and
associated improvements in operating efficiencies. Despite the current year
third quarter improvement, this segment continues to experience current margin
pressures related to an overall excess capacity position in the electronics
subcontracting services market and more specifically this segment's new customer
and program diversification efforts. <br>
<br>
Press Release Furnished to SEC<br>
This press release is being furnished to the Securities and Exchange Commission
(SEC) on Form 8-K. This release includes non-GAAP (Generally Accepted Accounting
Principles) financial measures as defined by the SEC including earnings adjusted
for restructuring costs and earnings adjusted for a one-time gain on the sale of
a piano subsidiary in the prior fiscal year third quarter. Where utilized within
this release, all non-GAAP measures have been reconciled to the most directly
comparable GAAP measure. Additional information regarding how management uses
the non-GAAP financial measures and why the Company feels these measures are
beneficial to investors is included within the Form 8-K. A link to the Form 8-K
may be found on the Company's Investor Relations website at www.ir.kimball.com.<br>
<br>
Forward-Looking Statements<br>
Certain statements contained within this release are considered forward-looking
under the Private Securities Litigation Reform Act of 1995, and are subject to
risks and uncertainties including, but not limited to, a delayed recognition of
cost improvements associated with cost scaling actions, significant volume
reductions from key contract customers, loss of key customers or suppliers
within specific industries, availability or cost of raw materials, and increased
competitive pricing pressures reflecting excess industry capacities. Additional
cautionary statements regarding other risk factors that could have an effect on
the future performance of the Company are contained in the Company's Form 10-K
filing for the period ending June 30, 2002. <br>
<br>
Conference Call / Webcast<br>
Kimball International will conduct its third quarter financial results
conference call beginning at 2:00 PM Eastern Time today, April 29, 2003. To
listen to the live conference call, dial 800-299-9630. A webcast of the live
conference call, with related slide presentation, may be accessed by visiting
Kimball's Investor Relations website at www.ir.kimball.com.<br>
<br>
For those unable to participate in the live webcast, the call will be archived
at www.ir.kimball.com within two hours of the conclusion of the live call and
will remain there for approximately 90 days. A telephone replay of the
conference call will be available within two hours after the conclusion of the
live event through May 13, 2003, at 888-286-8010. The pass code to access the
replay is 77293710.</p>
<p>About Kimball International, Inc.<br>
Kimball International, Inc. provides a vast array of products from its two
business segments: the Furniture and Cabinets segment and the Electronic
Contract Assemblies segment. The Furniture and Cabinets segment provides
furniture for the office, residential, lodging and healthcare industries, all
sold under the Company's family of brand names. Other products produced by
Kimball on a contract basis include store fixtures, television cabinets and
stands, residential furniture and furniture components. The Electronic Contract
Assemblies segment provides engineering and manufacturing services to a variety
of industries on a global scale. <br>
<br>
For more information about Kimball International, Inc., visit the Company's
website on the Internet at www.kimball.com. <br>
<br>
&quot;We Build Success&quot;<br>
<br>
-Financial Highlights to Follow-</p>
<table CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="661">
  <tr>
    <td colspan="4"><font size="2"><b>Condensed Consolidated Statements of
    Income</b></font></td>
    <td colspan="4">&nbsp;</td>
    <td colspan="4">&nbsp;</td>
    <td colspan="4">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="55%" VALIGN="bottom"><font size="2">($000's, except per share)</font></td>
    <td WIDTH="10%" VALIGN="bottom">&nbsp;</td>
    <td WIDTH="10%" VALIGN="bottom" align="center"><font size="2"><b>(Unaudited)</b></font></td>
    <td WIDTH="10%" VALIGN="bottom">&nbsp;&nbsp;</td>
    <td WIDTH="10%" VALIGN="bottom" align="center"><font size="2"><b>(Unaudited)</b></font></td>
    <td WIDTH="10%" VALIGN="bottom"></td>
    <td WIDTH="10%" VALIGN="bottom"></td>
  </tr>
  <tr>
    <td WIDTH="55%" VALIGN="bottom">&nbsp;</td>
    <td WIDTH="10%" VALIGN="bottom">&nbsp;</td>
    <td WIDTH="10%" VALIGN="bottom" align="center"><font size="2"><b>Three
    Months Ended</b></font></td>
    <td WIDTH="10%" VALIGN="bottom">&nbsp;&nbsp;</td>
    <td WIDTH="10%" VALIGN="bottom" align="center"><font size="2"><b>Nine Months
    Ended</b></font></td>
    <td WIDTH="10%" VALIGN="bottom"></td>
    <td WIDTH="10%" VALIGN="bottom"></td>
  </tr>
  <tr>
    <td WIDTH="55%" VALIGN="bottom">&nbsp;</td>
    <td WIDTH="10%" VALIGN="bottom">&nbsp;</td>
    <td WIDTH="10%" VALIGN="bottom" align="center"><font size="2"><b>March 31,</b></font></td>
    <td WIDTH="10%" VALIGN="bottom">&nbsp;&nbsp;</td>
    <td WIDTH="10%" VALIGN="bottom" align="center"><font size="2"><b>March 31,</b></font></td>
    <td WIDTH="10%" VALIGN="bottom"></td>
    <td WIDTH="10%" VALIGN="bottom"></td>
  </tr>
  <tr>
    <td WIDTH="55%" VALIGN="bottom">&nbsp;</td>
    <td WIDTH="10%" VALIGN="bottom">&nbsp;&nbsp;</td>
    <td WIDTH="10%" VALIGN="bottom"><hr size="1" width="180"></td>
    <td WIDTH="10%" VALIGN="bottom">&nbsp;&nbsp;</td>
    <td WIDTH="10%" VALIGN="bottom"><hr size="1" width="180"></td>
    <td WIDTH="10%" VALIGN="bottom"></td>
    <td WIDTH="10%" VALIGN="bottom"></td>
  </tr>
</table>
<table CELLSPACING="0" BORDER="0" CELLPADDING="0" width="661">
  <tr>
    <td WIDTH="305" VALIGN="bottom"></td>
    <td WIDTH="67" VALIGN="bottom" ALIGN="Center"><font size="2"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2003</b></font></td>
    <td WIDTH="33" VALIGN="bottom" ALIGN="RIGHT"></td>
    <td WIDTH="68" VALIGN="bottom" ALIGN="center"><font size="2"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2002</b></font></td>
    <td WIDTH="32" VALIGN="bottom" ALIGN="RIGHT"></td>
    <td WIDTH="60" VALIGN="bottom" ALIGN="center"><font size="2"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2003</b></font></td>
    <td WIDTH="28" VALIGN="bottom" ALIGN="RIGHT"></td>
    <td WIDTH="68" VALIGN="bottom" ALIGN="center"><font size="2"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2002</b></font></td>
  </tr>
  <tr>
    <td WIDTH="305" VALIGN="bottom"><font size="2">&nbsp;</font></td>
    <td WIDTH="67" VALIGN="bottom"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="33" VALIGN="bottom"></td>
    <td WIDTH="68" VALIGN="bottom"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="32" VALIGN="bottom"></td>
    <td WIDTH="60" VALIGN="bottom"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="28" VALIGN="bottom"></td>
    <td WIDTH="68" VALIGN="bottom"><hr ALIGN="right" SIZE="1" width="60"></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">Net Sales</font></td>
    <td WIDTH="67" ALIGN="RIGHT"><font size="2">$285,856&nbsp; </font></td>
    <td WIDTH="33" ALIGN="RIGHT"><font size="2">&nbsp;</font></td>
    <td WIDTH="68" ALIGN="RIGHT"><font size="2">$290,126&nbsp;</font></td>
    <td WIDTH="32" ALIGN="RIGHT"></td>
    <td WIDTH="60" ALIGN="RIGHT"><font size="2">$878,311&nbsp; </font></td>
    <td WIDTH="28" ALIGN="RIGHT"><font size="2">&nbsp;</font></td>
    <td WIDTH="68" ALIGN="RIGHT"><font size="2">$872,504&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">Cost of Sales</font></td>
    <td WIDTH="67" ALIGN="right"><font size="2">225,770&nbsp; </font></td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">222,267&nbsp; </font></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"><font size="2">688,519&nbsp; </font></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">670,575&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">&nbsp;</font></td>
    <td WIDTH="67"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="33"></td>
    <td WIDTH="68"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="32"></td>
    <td WIDTH="60"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="28"></td>
    <td WIDTH="68"><hr ALIGN="right" SIZE="1" width="60"></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">Gross Profit</font></td>
    <td WIDTH="67" ALIGN="right"><font size="2">60,086&nbsp; </font></td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">67,859&nbsp; </font></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"><font size="2">189,792&nbsp; </font></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">201,929&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="305"></td>
    <td WIDTH="67" ALIGN="right"></td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">Selling, General &amp; Administrative Expenses</font></td>
    <td WIDTH="67" ALIGN="right"><font size="2">55,850&nbsp; </font></td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">62,774&nbsp; </font></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"><font size="2">171,803&nbsp; </font></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">181,450&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">Restructuring and Other Expense (Income)</font></td>
    <td WIDTH="67" ALIGN="right"><font size="2">2,107&nbsp; </font></td>
    <td WIDTH="33" ALIGN="right"><font size="2">&nbsp;</font></td>
    <td WIDTH="68" ALIGN="right"><font size="2">(154) </font></td>
    <td WIDTH="32" ALIGN="right">&nbsp;</td>
    <td WIDTH="60" ALIGN="right"><font size="2">19,497&nbsp; </font></td>
    <td WIDTH="28" ALIGN="right"><font size="2">&nbsp;</font></td>
    <td WIDTH="68" ALIGN="right"><font size="2">503&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">&nbsp;</font></td>
    <td WIDTH="67"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="33"></td>
    <td WIDTH="68"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="32"></td>
    <td WIDTH="60"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="28"></td>
    <td WIDTH="68"><hr ALIGN="right" SIZE="1" width="60"></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">Operating Income (Loss)</font></td>
    <td WIDTH="67" ALIGN="right"><font size="2">2,129&nbsp; </font></td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">5,239&nbsp;</font></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"><font size="2">(1,508) </font></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">19,976&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">Other Income - Net</font></td>
    <td WIDTH="67" ALIGN="right"><font size="2">1,470&nbsp; </font></td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">17,413&nbsp;</font></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"><font size="2">&nbsp; 5,091&nbsp; </font></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">20,169&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">&nbsp;</font></td>
    <td WIDTH="67"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="33"></td>
    <td WIDTH="68"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="32"></td>
    <td WIDTH="60"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="28"></td>
    <td WIDTH="68"><hr ALIGN="right" SIZE="1" width="60"></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">&nbsp;Income Before Income Taxes</font></td>
    <td WIDTH="67" ALIGN="right"><font size="2">3,599&nbsp; </font></td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">22,652&nbsp; </font></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"><font size="2">3,583&nbsp; </font></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">40,145&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">&nbsp;Provision for Income Taxes</font></td>
    <td WIDTH="67" ALIGN="right"><font size="2">835&nbsp; </font></td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">6,856&nbsp; </font></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"><font size="2">830&nbsp; </font></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">12,913&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">&nbsp;</font></td>
    <td WIDTH="67"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="33"></td>
    <td WIDTH="68"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="32"></td>
    <td WIDTH="60"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="28"></td>
    <td WIDTH="68"><hr ALIGN="right" SIZE="1" width="60"></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">&nbsp;Net Income</font></td>
    <td WIDTH="67" ALIGN="right"><font size="2">$&nbsp;&nbsp; 2,764&nbsp; </font>
    </td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">$ 15,796&nbsp; </font></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"><font size="2">&nbsp; $&nbsp;&nbsp; 2,753&nbsp;
    </font></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">$ 27,232&nbsp; </font></td>
  </tr>
  <tr>
    <td width="305" valign="bottom"></td>
    <td WIDTH="67" valign="bottom"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td width="33" valign="bottom"></td>
    <td WIDTH="68" valign="bottom"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="32" valign="bottom"></td>
    <td WIDTH="60" valign="bottom"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="28" valign="bottom"></td>
    <td WIDTH="68" valign="bottom"><hr ALIGN="right" SIZE="1" width="60"></td>
  </tr>
  <tr>
    <td width="305" valign="top"></td>
    <td WIDTH="67" valign="top"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td width="33" valign="top"></td>
    <td WIDTH="68" valign="top"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="32" valign="top"></td>
    <td WIDTH="60" valign="top"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="28" valign="top"></td>
    <td WIDTH="68" valign="top"><hr ALIGN="right" SIZE="1" width="60"></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">&nbsp;</font></td>
    <td WIDTH="67" ALIGN="center"><font size="2">&nbsp;</font></td>
    <td WIDTH="33" ALIGN="center"><font size="2">&nbsp;</font></td>
    <td WIDTH="68" ALIGN="center"><font size="2">&nbsp;</font></td>
    <td WIDTH="32" ALIGN="center"></td>
    <td WIDTH="60" ALIGN="center"><font size="2">&nbsp;</font></td>
    <td WIDTH="28" ALIGN="center"><font size="2">&nbsp;</font></td>
    <td WIDTH="68" ALIGN="center"><font size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">Earnings Per Share of Common Stock:</font></td>
    <td WIDTH="67" ALIGN="center"></td>
    <td WIDTH="33" ALIGN="center"></td>
    <td WIDTH="68" ALIGN="center"></td>
    <td WIDTH="32" ALIGN="center"></td>
    <td WIDTH="60" ALIGN="center"></td>
    <td WIDTH="28" ALIGN="center"></td>
    <td WIDTH="68" ALIGN="center"></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">&nbsp;Basic:</font></td>
    <td WIDTH="67" ALIGN="right"></td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">&nbsp;&nbsp;&nbsp;Class A</font></td>
    <td WIDTH="67" ALIGN="right"><font size="2">$0.07&nbsp;&nbsp;&nbsp; </font>
    </td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">$0.41&nbsp;&nbsp; </font></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"><font size="2">$0.06&nbsp;&nbsp; </font></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">$0.71&nbsp;&nbsp;&nbsp; </font>
    </td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">&nbsp;&nbsp;&nbsp;Class B</font></td>
    <td WIDTH="67" ALIGN="right"><font size="2">$0.07&nbsp;&nbsp;&nbsp; </font>
    </td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">$0.42&nbsp;&nbsp; </font></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"><font size="2">$0.08&nbsp;&nbsp; </font></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">$0.72&nbsp;&nbsp;&nbsp; </font>
    </td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">&nbsp;Diluted:</font></td>
    <td WIDTH="67" ALIGN="right"></td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">&nbsp;&nbsp;&nbsp;Class A</font></td>
    <td WIDTH="67" ALIGN="right"><font size="2">$0.07&nbsp;&nbsp;&nbsp; </font>
    </td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">$0.41&nbsp;&nbsp; </font></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"><font size="2">$0.06&nbsp;&nbsp; </font></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">$0.71&nbsp;&nbsp;&nbsp; </font>
    </td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">&nbsp;&nbsp;&nbsp;Class B</font></td>
    <td WIDTH="67" ALIGN="right"><font size="2">$0.07&nbsp;&nbsp;&nbsp; </font>
    </td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">$0.42&nbsp;&nbsp; </font></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"><font size="2">$0.08&nbsp;&nbsp; </font></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">$0.72&nbsp;&nbsp;&nbsp; </font>
    </td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">&nbsp;</font></td>
    <td WIDTH="67" ALIGN="right"></td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">Average Shares Outstanding (000's)</font></td>
    <td WIDTH="67" ALIGN="right"></td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">&nbsp;&nbsp;&nbsp;Basic</font></td>
    <td WIDTH="67" ALIGN="right"><font size="2">38,073&nbsp; </font></td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">38,046 </font></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"><font size="2">38,060 </font></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">38,042&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="305"><font size="2">&nbsp;&nbsp;&nbsp;Diluted</font></td>
    <td WIDTH="67" ALIGN="right"><font size="2">38,095&nbsp; </font></td>
    <td WIDTH="33" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">38,104 </font></td>
    <td WIDTH="32" ALIGN="right"></td>
    <td WIDTH="60" ALIGN="right"><font size="2">38,082</font></td>
    <td WIDTH="28" ALIGN="right"></td>
    <td WIDTH="68" ALIGN="right"><font size="2">38,070&nbsp; </font></td>
  </tr>
</table>
<p ALIGN="CENTER">&nbsp;</p>
<table CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="400">
  <tr>
    <td VALIGN="bottom" NOWRAP ALIGN="center" width="350">
    <p align="left"><font size="2"><b>Condensed Consolidated Balance Sheets<br>
    </b>($000's)</font></td>
    <td VALIGN="bottom" NOWRAP ALIGN="CENTER" width="93">&nbsp;</td>
    <td VALIGN="bottom" NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td VALIGN="bottom" NOWRAP ALIGN="CENTER" width="94">&nbsp;</td>
  </tr>
  <tr>
    <td VALIGN="bottom" NOWRAP ALIGN="center" width="350">
    <p align="left"><font size="2"><b>Assets</b></font></td>
    <td VALIGN="bottom" NOWRAP ALIGN="CENTER" width="93"><b><font size="2">
    (Unaudited)<br>
    March 31,<br>
    2003</font></b></td>
    <td VALIGN="bottom" NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td VALIGN="bottom" NOWRAP ALIGN="CENTER" width="94"><font size="2">&nbsp;<br>
    </font><b><font size="2">&nbsp;&nbsp;&nbsp;June 30,<br>
    &nbsp;&nbsp;&nbsp;2002</font></b></td>
  </tr>
  <tr>
    <td NOWRAP ALIGN="center" width="402">
    <p align="left">&nbsp;</td>
    <td NOWRAP ALIGN="CENTER" width="93"><hr size="1"></td>
    <td NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td NOWRAP ALIGN="CENTER" width="94"><hr size="1"></td>
  </tr>
  <tr>
    <td width="402">&nbsp;</td>
    <td ALIGN="RIGHT" width="93">&nbsp;</td>
    <td NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td NOWRAP ALIGN="RIGHT" width="94">&nbsp;</td>
  </tr>
  <tr>
    <td width="402"><font size="2">Cash, Cash Equivalents and Short-Term
    Investments</font></td>
    <td NOWRAP ALIGN="RIGHT" width="93"><font size="2">$&nbsp; 87,569&nbsp;
    </font></td>
    <td NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td NOWRAP ALIGN="RIGHT" width="94"><font size="2">$&nbsp;&nbsp;&nbsp;72,581&nbsp;</font></td>
  </tr>
  <tr>
    <td width="402"><font size="2">Receivables, Net</font></td>
    <td NOWRAP ALIGN="RIGHT" width="93"><font size="2">123,366&nbsp; </font>
    </td>
    <td NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td NOWRAP ALIGN="RIGHT" width="94"><font size="2">150,836&nbsp;</font></td>
  </tr>
  <tr>
    <td width="402"><font size="2">Inventories, Net</font></td>
    <td NOWRAP ALIGN="RIGHT" width="93"><font size="2">94,292&nbsp; </font></td>
    <td NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td NOWRAP ALIGN="RIGHT" width="94"><font size="2">100,632&nbsp;</font></td>
  </tr>
  <tr>
    <td width="402"><font size="2">Other Current Assets</font></td>
    <td NOWRAP ALIGN="RIGHT" width="93"><font size="2">36,180&nbsp; </font></td>
    <td NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td NOWRAP ALIGN="RIGHT" width="94"><font size="2">40,108&nbsp;</font></td>
  </tr>
  <tr>
    <td nowrap width="402"><font size="2">Property and Equipment, Net</font></td>
    <td NOWRAP ALIGN="RIGHT" width="93"><font size="2">203,699&nbsp; </font>
    </td>
    <td NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td NOWRAP ALIGN="RIGHT" width="94"><font size="2">236,176&nbsp;</font></td>
  </tr>
  <tr>
    <td nowrap width="402"><font size="2">Capitalized Software, Net</font></td>
    <td NOWRAP ALIGN="RIGHT" width="93"><font size="2">43,088&nbsp; </font></td>
    <td NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td NOWRAP ALIGN="RIGHT" width="94"><font size="2">38,968&nbsp; </font></td>
  </tr>
  <tr>
    <td nowrap width="402"><font size="2">Other Assets</font></td>
    <td NOWRAP ALIGN="RIGHT" width="93"><font size="2">34,057&nbsp; </font></td>
    <td NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td NOWRAP ALIGN="RIGHT" width="94"><font size="2">34,811&nbsp;</font></td>
  </tr>
  <tr>
    <td width="402"></td>
    <td width="93"><hr ALIGN="right" SIZE="1" width="65"></td>
    <td width="11"></td>
    <td width="94"><hr ALIGN="RIGHT" SIZE="1" width="65"></td>
  </tr>
  <tr>
    <td nowrap width="402"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Totals</font></td>
    <td NOWRAP ALIGN="RIGHT" width="93"><font size="2">$622,251&nbsp; </font>
    </td>
    <td NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td NOWRAP ALIGN="RIGHT" width="94"><font size="2">$674,112&nbsp;</font></td>
  </tr>
  <tr>
    <td width="402"></td>
    <td width="93"><hr ALIGN="right" SIZE="1" width="65"></td>
    <td width="11"></td>
    <td width="94"><hr ALIGN="RIGHT" SIZE="1" width="65"></td>
  </tr>
  <tr>
    <td width="402"></td>
    <td width="93"><hr ALIGN="right" SIZE="1" width="65"></td>
    <td width="11"></td>
    <td width="94"><hr ALIGN="RIGHT" SIZE="1" width="65"></td>
  </tr>
  <tr>
    <td width="402">&nbsp;</td>
    <td NOWRAP ALIGN="RIGHT" width="93">&nbsp;</td>
    <td NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td NOWRAP ALIGN="RIGHT" width="94">&nbsp;</td>
  </tr>
  <tr>
    <td width="402"><b><font size="2">Liabilities &amp; Share Owners' Equity</font></b></td>
    <td NOWRAP ALIGN="RIGHT" width="93">&nbsp;</td>
    <td NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td NOWRAP ALIGN="RIGHT" width="94">&nbsp;</td>
  </tr>
  <tr>
    <td width="402"><font size="2">Current Liabilities</font></td>
    <td NOWRAP ALIGN="RIGHT" width="93"><font size="2">$144,539&nbsp; </font>
    </td>
    <td NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td NOWRAP ALIGN="RIGHT" width="94"><font size="2">$175,973&nbsp;</font></td>
  </tr>
  <tr>
    <td width="402"><font size="2">Long-Term Debt, Less Current Maturities</font></td>
    <td NOWRAP ALIGN="RIGHT" width="93"><font size="2">1,866&nbsp; </font></td>
    <td NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td NOWRAP ALIGN="RIGHT" width="94"><font size="2">2,291&nbsp;</font></td>
  </tr>
  <tr>
    <td width="402"><font size="2">Deferred Income Taxes &amp; Other</font></td>
    <td NOWRAP ALIGN="RIGHT" width="93"><font size="2">37,816&nbsp; </font></td>
    <td NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td NOWRAP ALIGN="RIGHT" width="94"><font size="2">43,360&nbsp;</font></td>
  </tr>
  <tr>
    <td nowrap width="402"><font size="2">Share Owners' Equity</font></td>
    <td NOWRAP ALIGN="RIGHT" width="93"><font size="2">438,030&nbsp; </font>
    </td>
    <td NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td NOWRAP ALIGN="RIGHT" width="94"><font size="2">452,488&nbsp;</font></td>
  </tr>
  <tr>
    <td width="402"></td>
    <td width="93"><hr ALIGN="right" SIZE="1" width="65"></td>
    <td width="11"></td>
    <td width="94"><hr ALIGN="RIGHT" SIZE="1" width="65"></td>
  </tr>
  <tr>
    <td width="402"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Totals</font></td>
    <td NOWRAP ALIGN="RIGHT" width="93"><font size="2">$622,251&nbsp; </font>
    </td>
    <td NOWRAP ALIGN="center" width="11">&nbsp;</td>
    <td NOWRAP ALIGN="RIGHT" width="94"><font size="2">$674,112&nbsp;</font></td>
  </tr>
  <tr>
    <td width="402"></td>
    <td width="93"><hr ALIGN="right" SIZE="1" width="65"></td>
    <td width="11"></td>
    <td width="94"><hr ALIGN="RIGHT" SIZE="1" width="65"></td>
  </tr>
  <tr>
    <td width="402"></td>
    <td width="93"><hr ALIGN="right" SIZE="1" width="65"></td>
    <td width="11"></td>
    <td width="94"><hr ALIGN="RIGHT" SIZE="1" width="65"></td>
  </tr>
</table>
<p>&nbsp;</p>
<table CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="661">
  <tr>
    <td><font size="2"><b>Other Pertinent Data</b></font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="55%" VALIGN="TOP"><font size="2">($000's)</font></td>
    <td WIDTH="10%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="10%" VALIGN="TOP" align="center"><font size="2"><b>(Unaudited)</b></font></td>
    <td WIDTH="10%" VALIGN="TOP">&nbsp;&nbsp;</td>
    <td WIDTH="10%" VALIGN="TOP" align="center"><font size="2"><b>(Unaudited)</b></font></td>
    <td WIDTH="10%" VALIGN="TOP"></td>
    <td WIDTH="10%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="55%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="10%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="10%" VALIGN="TOP" align="center"><font size="2"><b>Three Months
    Ended</b></font></td>
    <td WIDTH="10%" VALIGN="TOP">&nbsp;&nbsp;</td>
    <td WIDTH="10%" VALIGN="TOP" align="center"><font size="2"><b>Nine Months
    Ended</b></font></td>
    <td WIDTH="10%" VALIGN="TOP"></td>
    <td WIDTH="10%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="55%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="10%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="10%" VALIGN="TOP" align="center"><font size="2"><b>March 31,</b></font></td>
    <td WIDTH="10%" VALIGN="TOP">&nbsp;&nbsp;</td>
    <td WIDTH="10%" VALIGN="TOP" align="center"><font size="2"><b>March 31,</b></font></td>
    <td WIDTH="10%" VALIGN="TOP"></td>
    <td WIDTH="10%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="55%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="10%" VALIGN="TOP">&nbsp;&nbsp;</td>
    <td WIDTH="10%" VALIGN="TOP"><hr size="1" width="180"></td>
    <td WIDTH="10%" VALIGN="TOP">&nbsp;&nbsp;</td>
    <td WIDTH="10%" VALIGN="TOP"><hr size="1" width="180"></td>
    <td WIDTH="10%" VALIGN="TOP"></td>
    <td WIDTH="10%" VALIGN="TOP"></td>
  </tr>
</table>
<table CELLSPACING="0" BORDER="0" CELLPADDING="0" width="661">
  <tr>
    <td WIDTH="305" VALIGN="TOP"></td>
    <td WIDTH="67" VALIGN="TOP" ALIGN="Center"><font size="2"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2003</b></font></td>
    <td WIDTH="33" VALIGN="TOP" ALIGN="RIGHT"></td>
    <td WIDTH="68" VALIGN="TOP" ALIGN="center"><font size="2"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2002</b></font></td>
    <td WIDTH="32" VALIGN="TOP" ALIGN="RIGHT"></td>
    <td WIDTH="60" VALIGN="TOP" ALIGN="center"><font size="2"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2003</b></font></td>
    <td WIDTH="28" VALIGN="TOP" ALIGN="RIGHT"></td>
    <td WIDTH="68" VALIGN="TOP" ALIGN="center"><font size="2"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2002</b></font></td>
  </tr>
  <tr>
    <td WIDTH="305" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="67" VALIGN="TOP"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="33" VALIGN="TOP"></td>
    <td WIDTH="68" VALIGN="TOP"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="32" VALIGN="TOP"></td>
    <td WIDTH="60" VALIGN="TOP"><hr ALIGN="right" SIZE="1" width="60"></td>
    <td WIDTH="28" VALIGN="TOP"></td>
    <td WIDTH="68" VALIGN="TOP"><hr ALIGN="right" SIZE="1" width="60"></td>
  </tr>
  <tr>
    <td WIDTH="305" VALIGN="TOP"><font size="2">Depreciation &amp; Amortization</font></td>
    <td WIDTH="67" VALIGN="TOP" ALIGN="RIGHT"><font size="2">$11,062&nbsp;
    </font></td>
    <td WIDTH="33" VALIGN="TOP" ALIGN="RIGHT"><font size="2">&nbsp;</font></td>
    <td WIDTH="68" VALIGN="TOP" ALIGN="RIGHT"><font size="2">$11,829&nbsp;</font></td>
    <td WIDTH="32" VALIGN="TOP" ALIGN="RIGHT"></td>
    <td WIDTH="60" VALIGN="TOP" ALIGN="RIGHT"><font size="2">$34,118&nbsp;
    </font></td>
    <td WIDTH="28" VALIGN="TOP" ALIGN="RIGHT"><font size="2">&nbsp;</font></td>
    <td WIDTH="68" VALIGN="TOP" ALIGN="RIGHT"><font size="2">$34,281&nbsp;
    </font></td>
  </tr>
  <tr>
    <td WIDTH="305" VALIGN="TOP"><font size="2">Operating Cash Flow</font></td>
    <td WIDTH="67" VALIGN="TOP" ALIGN="right"><font size="2">$42,566&nbsp;
    </font></td>
    <td WIDTH="33" VALIGN="TOP" ALIGN="right"></td>
    <td WIDTH="68" VALIGN="TOP" ALIGN="right"><font size="2">$&nbsp; 6,854&nbsp;
    </font></td>
    <td WIDTH="32" VALIGN="TOP" ALIGN="right"></td>
    <td WIDTH="60" VALIGN="TOP" ALIGN="right"><font size="2">$51,257&nbsp;
    </font></td>
    <td WIDTH="28" VALIGN="TOP" ALIGN="right"></td>
    <td WIDTH="68" VALIGN="TOP" ALIGN="right"><font size="2">$57,342&nbsp;
    </font></td>
  </tr>
  <tr>
    <td WIDTH="305" VALIGN="TOP"><font size="2">Capital Expenditures</font></td>
    <td WIDTH="67" VALIGN="TOP" ALIGN="right"><font size="2">$&nbsp; 6,890&nbsp;
    </font></td>
    <td WIDTH="33" VALIGN="TOP" ALIGN="right"></td>
    <td WIDTH="68" VALIGN="TOP" ALIGN="right"><font size="2">$&nbsp; 8,374&nbsp;
    </font></td>
    <td WIDTH="32" VALIGN="TOP" ALIGN="right"></td>
    <td WIDTH="60" VALIGN="TOP" ALIGN="right"><font size="2">$25,953&nbsp;
    </font></td>
    <td WIDTH="28" VALIGN="TOP" ALIGN="right"></td>
    <td WIDTH="68" VALIGN="TOP" ALIGN="right"><font size="2">$44,291&nbsp;
    </font></td>
  </tr>
  <tr>
    <td WIDTH="305" VALIGN="TOP"><font size="2">Effective Tax Rate</font></td>
    <td WIDTH="67" VALIGN="TOP" ALIGN="right"><font size="2">23.2%&nbsp; </font>
    </td>
    <td WIDTH="33" VALIGN="TOP" ALIGN="right"></td>
    <td WIDTH="68" VALIGN="TOP" ALIGN="right"><font size="2">30.3%&nbsp; </font>
    </td>
    <td WIDTH="32" VALIGN="TOP" ALIGN="right"></td>
    <td WIDTH="60" VALIGN="TOP" ALIGN="right"><font size="2">23.2%&nbsp; </font>
    </td>
    <td WIDTH="28" VALIGN="TOP" ALIGN="right"></td>
    <td WIDTH="68" VALIGN="TOP" ALIGN="right"><font size="2">32.2%&nbsp; </font>
    </td>
  </tr>
  <tr>
    <td WIDTH="305" VALIGN="TOP"></td>
    <td WIDTH="67" VALIGN="TOP" ALIGN="right"></td>
    <td WIDTH="33" VALIGN="TOP" ALIGN="right"></td>
    <td WIDTH="68" VALIGN="TOP" ALIGN="right"></td>
    <td WIDTH="32" VALIGN="TOP" ALIGN="right"></td>
    <td WIDTH="60" VALIGN="TOP" ALIGN="right"></td>
    <td WIDTH="28" VALIGN="TOP" ALIGN="right"></td>
    <td WIDTH="68" VALIGN="TOP" ALIGN="right"></td>
  </tr>
</table>
<p><br>
</p>
<table CELLSPACING="0" BORDER="0" CELLPADDING="0" width="599">
  <tr>
    <td WIDTH="269" VALIGN="TOP"></td>
    <td WIDTH="65" VALIGN="TOP" align="center"><font size="2"><b>March 31,<br>
    2003</b></font></td>
    <td WIDTH="61" VALIGN="TOP" align="center"></td>
    <td WIDTH="67" VALIGN="TOP" align="center"><font size="2"><b>June 30, 2002</b></font></td>
  </tr>
  <tr>
    <td WIDTH="269" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="65" VALIGN="TOP" align="center">
    <hr ALIGN="right" SIZE="1" width="90%"></td>
    <td WIDTH="61" VALIGN="TOP" align="center"></td>
    <td WIDTH="67" VALIGN="TOP" align="center"><hr SIZE="1" width="90%"></td>
  </tr>
  <tr>
    <td WIDTH="269" VALIGN="TOP"><font size="2">Working Capital</font></td>
    <td WIDTH="65" VALIGN="TOP" align="right"><font size="2">$196,868</font></td>
    <td WIDTH="61" VALIGN="TOP" ALIGN="RIGHT"><font size="2">&nbsp;</font></td>
    <td WIDTH="67" VALIGN="TOP" align="right"><font size="2">$188,184</font></td>
  </tr>
  <tr>
    <td WIDTH="269" VALIGN="TOP"><font size="2">Debt Outstanding on Credit
    Facility</font></td>
    <td WIDTH="65" VALIGN="TOP" align="right"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    -0-</font></td>
    <td WIDTH="61" VALIGN="TOP" ALIGN="right"></td>
    <td WIDTH="67" VALIGN="TOP" align="right"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    -0-&nbsp; </font></td>
  </tr>
</table>

</body>

</html>
[{"type": "8-K", "sequence": "1", "filename": "form8k42903.htm", "description": "FORM 8-K FOR KIMBALL INTERNATIONAL", "secsgml_size_bytes": 50370}]
{"company-data": {"conformed-name": "KIMBALL INTERNATIONAL INC", "cik": "0000055772", "assigned-sic": "2520", "irs-number": "350514506", "state-of-incorporation": "IN", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-03279", "film-number": "03668120"}, "business-address": {"street1": "1600 ROYAL ST", "city": "JASPER", "state": "IN", "zip": "47549", "phone": "8124821600"}, "mail-address": {"street1": "1600 ROYAL STREET", "city": "JASPER", "state": "IN", "zip": "47549"}, "former-company": {"former-conformed-name": "JASPER CORP", "date-changed": "19740826"}}
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934
Date of Report (Date of earliest event reported)
April 29, 2003
KIMBALL INTERNATIONAL, INC.
(Exact name of registrant as specified in
    its charter)
Indiana
0-3279
35-0514506
(State or other jurisdiction of
(Commission File
(IRS Employer Identification No.)
incorporation)
Number)
1600 Royal Street, Jasper, Indiana
47549-1001
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code
(812)
482-1600
Not Applicable
(Former name or former address, if changed
    since last report)
1
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 Earnings Release dated April 29, 2003
Item 9. Regulation FD Disclosure
The information under this caption is furnished under Item 9 in place of
Item 12 of Form 8-K in accordance with interim guidance provided by the
Securities and Exchange Commission.
On April 29, 2003, Kimball International, Inc. ("the Company") issued an
earnings release for the quarter ended March 31, 2003. The Company's earnings
release is attached as Exhibit 99.1.
The earnings release contains non-GAAP financial measures. A non-GAAP
financial measure is a numerical measure of a company's financial performance
that excludes or includes amounts so as to be different than the most directly
comparable measure calculated and presented in accordance with GAAP in the
statement of income, balance sheet or statement of cash flows of the company. In
this regard, GAAP refers to generally accepted accounting principles in the
United States. The Company has provided reconciliations within the earnings
release of all non-GAAP financial measures to the most directly comparable GAAP
financial measures.
The non-GAAP financial measures used with the Company's earnings release
include:
Fiscal 2003 third quarter net income and earnings per share excluding
  costs associated with restructuring activities;
Fiscal 2002 third quarter earnings per share excluding the effect of a
  one-time gain on the sale of a subsidiary.
Management believes it is useful for investors to understand how its core
operations performed without the effects of executing its restructuring plans.
Excluding these costs, which are infrequent in nature, allows investors to
meaningfully trend, analyze and benchmark the performance of the Company's core
operations by business segment. Many of the Company's internal performance
measures exclude costs associated with executing its restructuring plans to
enable meaningful trending of core operating metrics over an extended period of
time.
For similar reasons cited above, management also believes it is useful for
investors to understand how its core operations performed without the effect of
the one-time gain on the sale of a subsidiary. Also linked to the above
reasoning, most trended internal performance metrics also exclude this one-time
gain.
2
SIGNATURES
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 hereto duly authorized.
KIMBALL INTERNATIONAL, INC.
By:
/s/ Robert F. Schneider
ROBERT F. SCHNEIDER
Executive Vice President,
Chief Financial Officer
Treasurer
Date: April 29, 2003
3
Kimball International, Inc.
Exhibit Index
Exhibit No.
Description
99.1
Earnings Release dated April 29, 2003.
4
Exhibit 99.1
KIMBALL INTERNATIONAL, INC. REPORTS THIRD QUARTER 2003 RESULTS
JASPER, IN (April 29, 2003) - Kimball International, Inc. (NASDAQ: KBALB) today
announced the financial results for its third quarter of fiscal year 2003 which
ended March 31, 2003.
Consolidated Overview
Net sales for the fiscal 2003 third quarter totaled $285.9 million, down from
net sales of $290.1 million reported during the comparable fiscal 2002 third
quarter, as increased sales in the Electronic Contract Assemblies segment were
more than offset by lower sales in the Furniture and Cabinets segment. The
Company's net income in the current year third quarter totaled $2.8 million, or
$0.07 per Class B share, inclusive of costs associated with executing
incremental cost scaling actions under the Company's previously announced
restructuring plan. Costs associated with restructuring activities, including
adjustments to original cost estimates, totaled $0.6 million after-tax, or $0.02
per share. Excluding costs associated with restructuring activities, third
quarter net income totaled $3.4 million, or $0.09 per share. The Company's net
income in the prior year third quarter, inclusive of a one-time gain of $0.22
per share on the sale of a piano subsidiary, was $0.42 per share. Excluding the
gain on the sale of the piano subsidiary, prior year net income totaled $0.20
per share.
The consolidated operating income margin in the 2003 fiscal third quarter,
decreased below the prior year third quarter, driven by a reduction in the
consolidated gross profit margin, which exceeded improvements in consolidated
SG&A spending. The operating income margin comparison includes costs associated
with restructuring activities in both years, and approximately $5.3 million of
SG&A costs associated with the sale of a piano subsidiary in the prior year.
Excluding the restructuring costs in both years and SG&A costs related to the
sale of the subsidiary in the prior year, the operating income margin in the
current year quarter also trended below the prior year. Stronger operating
income margins in the Electronic Contract Assemblies segment, in part due to the
higher sales level, were more than offset by significantly lower operating
income performance in the Furniture and Cabinets segment.
The Company generated $42.6 million of cash from operations in the current year
third quarter, significantly exceeding the prior year quarterly level. The
improvement in cash flow generated from operating activities was due largely to
lower investments in working capital. Both business segments generated positive
cash flow from operating activities in the quarter.
"Despite prolonged economic challenges and reductions in demand triggered by
war concerns, we were able to generate strong cash flow from operations during
the quarter," stated Kimball International Chairman and Chief Executive Officer,
Douglas A. Habig. "Our strong cash flow this quarter further contributes to our
solid balance sheet and strong liquidity position which enables us to stay
focused on our long-term strategies and continue to make prudent capital
investments in equipment and technology. These investments for the long-term are
instrumental to profitable sales growth and improvement in operating margins,"
stated Mr. Habig.
Furniture and Cabinets Segment
The Furniture and Cabinets segment recorded sales of $165.9 million during the
third quarter of fiscal 2003, down from sales of $175.8 million in the prior
year third quarter. Most major product lines within this segment recorded lower
sales in the current year third quarter. The greatest reductions in sales
volumes were in the office furniture and contract manufacturing product lines.
The Company's decline in office furniture sales, the largest market within this
segment, continued to be less than the overall industry decline based upon the
most recent industry statistics.
Operating income margins in the Furniture and Cabinets segment in the 2003
fiscal third quarter, decreased below the prior year third quarter. When
excluding restructuring activity costs in both years and prior year costs
associated with the sale of the piano subsidiary, operating income margins were
well below the prior year. The Furniture and Cabinets segment incurred an
operating loss in the current year third quarter driven by lower gross profit
margins despite some margin benefit from the partial completion of this
segment's restructuring activities. The year-over-year gross profit margin
comparison was impacted by a $1.4 million LIFO inventory reserve reduction in
the prior year third quarter, associated with lower inventory levels. This
segment continues to experience margin pressures across product lines. The
greatest reduction in gross profit margins relative to the prior year third
quarter was in the contract manufacturing product line. This product line
continues to experience depressed and unstable demand levels in the markets it
supports leading to pricing pressures and difficulties in aligning capacities
and costs with sales volume levels. Losses in the furniture components product
line, which totaled $0.06 per share in the quarter, continue to affect overall
segment profitability. However, furniture components product line losses were
lower than the preceding three quarters.
"I am pleased to report that we are on schedule in terms of completing the
incremental cost scaling actions under our December 2002 restructuring plan,"
stated Mr. Habig. "As we have previously stated, many of these actions are
targeted to improve our performance in the Furniture and Cabinets segment. As of
the end of the third quarter, we have exited, or are in process of exiting, six
manufacturing facilities, each of which has been operating at a loss the last
several quarters. Benefits from these and other scaling actions will be gradual
and continue over the next several quarters and will be partially mitigated by
our investments in other strategic initiatives. The lingering sluggish economy,
now coupled with the reality of war, continues to lead to recessed business
investment driving down demand levels in our furniture markets. However, we
remain confident that the actions we are taking to scale our cost structures in
the Furniture and Cabinets segment will lead to improved operating margins as we
fully complete our scaling actions and these markets begin to recover,"
concluded Mr. Habig.
Electronic Contract Assemblies Segment
The Electronic Contract Assemblies segment posted sales of $119.8 million during
the third quarter of fiscal 2003, up from sales of $114.3 million during the
prior year third quarter due primarily to higher electronic automotive products
sales.
Operating income margins in the Electronic Contract Assemblies segment exceeded
the prior year third quarter. Operating income in the current year third quarter
included restructuring income associated with an adjustment to an original cost
estimate related to the sale of a manufacturing facility. Net costs associated
with the sale and exit of this facility were less than originally estimated.
Operating income margins, exclusive of the income related to this restructuring
cost adjustment, exceeded the prior year. This segment improved its overall
gross profit margin as certain locations experienced stronger volume levels and
associated improvements in operating efficiencies. Despite the current year
third quarter improvement, this segment continues to experience current margin
pressures related to an overall excess capacity position in the electronics
subcontracting services market and more specifically this segment's new customer
and program diversification efforts.
Press Release Furnished to SEC
This press release is being furnished to the Securities and Exchange Commission
(SEC) on Form 8-K. This release includes non-GAAP (Generally Accepted Accounting
Principles) financial measures as defined by the SEC including earnings adjusted
for restructuring costs and earnings adjusted for a one-time gain on the sale of
a piano subsidiary in the prior fiscal year third quarter. Where utilized within
this release, all non-GAAP measures have been reconciled to the most directly
comparable GAAP measure. Additional information regarding how management uses
the non-GAAP financial measures and why the Company feels these measures are
beneficial to investors is included within the Form 8-K. A link to the Form 8-K
may be found on the Company's Investor Relations website at www.ir.kimball.com.
Forward-Looking Statements
Certain statements contained within this release are considered forward-looking
under the Private Securities Litigation Reform Act of 1995, and are subject to
risks and uncertainties including, but not limited to, a delayed recognition of
cost improvements associated with cost scaling actions, significant volume
reductions from key contract customers, loss of key customers or suppliers
within specific industries, availability or cost of raw materials, and increased
competitive pricing pressures reflecting excess industry capacities. Additional
cautionary statements regarding other risk factors that could have an effect on
the future performance of the Company are contained in the Company's Form 10-K
filing for the period ending June 30, 2002.
Conference Call / Webcast
Kimball International will conduct its third quarter financial results
conference call beginning at 2:00 PM Eastern Time today, April 29, 2003. To
listen to the live conference call, dial 800-299-9630. A webcast of the live
conference call, with related slide presentation, may be accessed by visiting
Kimball's Investor Relations website at www.ir.kimball.com.
For those unable to participate in the live webcast, the call will be archived
at www.ir.kimball.com within two hours of the conclusion of the live call and
will remain there for approximately 90 days. A telephone replay of the
conference call will be available within two hours after the conclusion of the
live event through May 13, 2003, at 888-286-8010. The pass code to access the
replay is 77293710.
About Kimball International, Inc.
Kimball International, Inc. provides a vast array of products from its two
business segments: the Furniture and Cabinets segment and the Electronic
Contract Assemblies segment. The Furniture and Cabinets segment provides
furniture for the office, residential, lodging and healthcare industries, all
sold under the Company's family of brand names. Other products produced by
Kimball on a contract basis include store fixtures, television cabinets and
stands, residential furniture and furniture components. The Electronic Contract
Assemblies segment provides engineering and manufacturing services to a variety
of industries on a global scale.
For more information about Kimball International, Inc., visit the Company's
website on the Internet at www.kimball.com.
"We Build Success"
-Financial Highlights to Follow-
Condensed Consolidated Statements of
    Income
($000's, except per share)
(Unaudited)
(Unaudited)
Three
    Months Ended
Nine Months
    Ended
March 31,
March 31,
2003
2002
2003
2002
Net Sales
$285,856
$290,126
$878,311
$872,504
Cost of Sales
225,770
222,267
688,519
670,575
Gross Profit
60,086
67,859
189,792
201,929
Selling, General & Administrative Expenses
55,850
62,774
171,803
181,450
Restructuring and Other Expense (Income)
2,107
(154)
19,497
503
Operating Income (Loss)
2,129
5,239
(1,508)
19,976
Other Income - Net
1,470
17,413
5,091
20,169
Income Before Income Taxes
3,599
22,652
3,583
40,145
Provision for Income Taxes
835
6,856
830
12,913
Net Income
$   2,764
$ 15,796
$   2,753
$ 27,232
Earnings Per Share of Common Stock:
Basic:
Class A
$0.07
$0.41
$0.06
$0.71
Class B
$0.07
$0.42
$0.08
$0.72
Diluted:
Class A
$0.07
$0.41
$0.06
$0.71
Class B
$0.07
$0.42
$0.08
$0.72
Average Shares Outstanding (000's)
Basic
38,073
38,046
38,060
38,042
Diluted
38,095
38,104
38,082
38,070
Condensed Consolidated Balance Sheets
($000's)
Assets
(Unaudited)
March 31,
2003
June 30,
2002
Cash, Cash Equivalents and Short-Term
    Investments
$  87,569
$   72,581
Receivables, Net
123,366
150,836
Inventories, Net
94,292
100,632
Other Current Assets
36,180
40,108
Property and Equipment, Net
203,699
236,176
Capitalized Software, Net
43,088
38,968
Other Assets
34,057
34,811
Totals
$622,251
$674,112
Liabilities & Share Owners' Equity
Current Liabilities
$144,539
$175,973
Long-Term Debt, Less Current Maturities
1,866
2,291
Deferred Income Taxes & Other
37,816
43,360
Share Owners' Equity
438,030
452,488
Totals
$622,251
$674,112
Other Pertinent Data
($000's)
(Unaudited)
(Unaudited)
Three Months
    Ended
Nine Months
    Ended
March 31,
March 31,
2003
2002
2003
2002
Depreciation & Amortization
$11,062
$11,829
$34,118
$34,281
Operating Cash Flow
$42,566
$  6,854
$51,257
$57,342
Capital Expenditures
$  6,890
$  8,374
$25,953
$44,291
Effective Tax Rate
23.2%
30.3%
23.2%
32.2%
March 31,
2003
June 30, 2002
Working Capital
$196,868
$188,184
Debt Outstanding on Credit
    Facility
$       
    -0-
$      
    -0-