| Income Statement for Max & Erma's Restaurants Inc. (MAXE) | | | | | | | Income | in Thousands of Dollars | | | 10/2007 | 10/2006 | 10/2005 | 10/2004 | 10/2003 | | | Operating Revenue | 174,854 | 180,290 | 183,705 | 182,959 | 167,083 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (35,691) | (97,701) | (158,815) | (38,915) | (34,950) | | Gross Operating Profit | 139,163 | 82,589 | 24,890 | 144,044 | 132,133 | | | Selling/General/Admin Expense | (131,361) | (72,650) | (15,137) | (132,691) | (121,486) | | Research & Development | - | - | - | - | - | | EBITDA | 7,803 | 9,938 | 9,754 | 11,353 | 10,647 | | Depreciation & Amortization | (8,221) | (8,024) | (8,444) | (8,219) | (6,364) | | EBIT | (418) | 1,914 | 1,310 | 3,134 | 4,283 | | Interest Income | - | - | - | - | - | | Other Income, Net | - | - | - | - | - | | Total Income Avail For Interest Expense | (1,133) | 1,069 | (140) | 3,134 | 3,213 | | Interest Expense | (3,678) | (3,079) | (2,431) | (2,154) | (1,680) | | Pre-Tax Income | (4,811) | (2,011) | (2,572) | 980 | 1,533 | | Income Taxes | 1,339 | 1,605 | 1,295 | 137 | - | | Minority Interest | (58) | (58) | (39) | (19) | (39) | | Net Income from Continuing Operations | (3,530) | (464) | (1,315) | 1,097 | 1,494 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (3,530) | (464) | (1,315) | 1,097 | 1,494 | | | Normalized Income | (2,815) | 382 | 135 | 1,097 | 2,564 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (715) | (845) | (1,450) | - | (1,070) | | Income from Cum. Effect of Acct Change | - | (115) | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (3,530) | (579) | (1,315) | 1,097 | 1,494 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 10/2007 | 10/2006 | 10/2005 | 10/2004 | 10/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | -1.38 | -0.18 | -0.52 | 0.45 | 0.61 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -1.38 | -0.18 | -0.52 | 0.45 | 0.61 | | | Diluted EPS from Continuing Operations | -1.38 | -0.18 | -0.52 | 0.42 | 0.56 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -1.38 | -0.18 | -0.52 | 0.42 | 0.56 | | | |
