| Income Statement for Jackson Hewitt Tax Services (JTX) | | | | | | | Income | in Thousands of Dollars | | | 04/2008 | 04/2007 | 04/2006 | 04/2005 | 04/2004 | | | Operating Revenue | 278,505 | 293,196 | 275,410 | 232,487 | 205,615 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (149,657) | (129,388) | (78,263) | (70,187) | (64,721) | | Gross Operating Profit | 128,848 | 163,808 | 197,147 | 162,300 | 140,894 | | | Selling/General/Admin Expense | (48,895) | (35,792) | (39,723) | (30,397) | (28,499) | | Research & Development | - | - | - | - | - | | EBITDA | 79,953 | 128,016 | 116,447 | 98,937 | 82,931 | | Depreciation & Amortization | (13,233) | (12,266) | (11,428) | (11,565) | (12,751) | | EBIT | 66,720 | 115,750 | 105,019 | 87,372 | 70,180 | | Interest Income | 1,835 | 1,856 | 1,924 | 1,484 | 657 | | Other Income, Net | - | - | 520 | - | - | | Total Income Avail For Interest Expense | 68,555 | 117,498 | 104,786 | 88,856 | 70,837 | | Interest Expense | (14,402) | (9,972) | (8,301) | (6,700) | (373) | | Pre-Tax Income | 54,153 | 107,526 | 96,485 | 82,156 | 70,464 | | Income Taxes | (21,726) | (42,146) | (38,524) | (32,205) | (27,504) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 32,427 | 65,380 | 57,961 | 49,951 | 42,960 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 32,427 | 65,380 | 57,961 | 49,951 | 42,960 | | | Normalized Income | 32,427 | 65,488 | 60,638 | 49,951 | 42,960 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | (108) | (2,677) | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 32,427 | 65,380 | 57,961 | 49,951 | 42,960 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 04/2008 | 04/2007 | 04/2006 | 04/2005 | 04/2004 | | | Dividends Paid Per Share | 0.72 | 0.60 | 0.32 | 0.21 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 1.09 | 1.97 | 1.61 | 1.33 | 1.15 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.09 | 1.97 | 1.61 | 1.33 | 1.15 | | | Diluted EPS from Continuing Operations | 1.09 | 1.93 | 1.59 | 1.32 | 1.15 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 1.09 | 1.93 | 1.59 | 1.32 | 1.15 | | | |
