| Income Statement for Renaissance Learning Inc. (RLRN) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 107,932 | 111,528 | 116,283 | 114,048 | 130,544 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (23,631) | (22,762) | (18,011) | (12,407) | (15,541) | | Gross Operating Profit | 84,301 | 88,766 | 98,272 | 101,641 | 115,003 | | | Selling/General/Admin Expense | (50,993) | (49,969) | (43,767) | (46,108) | (44,216) | | Research & Development | (18,506) | (17,291) | (17,046) | (16,803) | (17,000) | | EBITDA | 14,802 | 21,506 | 37,459 | 38,730 | 53,787 | | Depreciation & Amortization | (3,872) | (3,704) | (3,575) | (4,334) | (5,541) | | EBIT | 10,930 | 17,802 | 33,884 | 34,396 | 48,246 | | Interest Income | 1,009 | 1,078 | 1,324 | 1,072 | 1,927 | | Other Income, Net | 169 | 156 | 2,170 | 567 | 339 | | Total Income Avail For Interest Expense | 12,108 | 19,036 | 37,378 | 36,035 | 50,512 | | Interest Expense | - | - | - | - | - | | Pre-Tax Income | 12,108 | 19,036 | 37,378 | 36,035 | 50,512 | | Income Taxes | (4,541) | (7,043) | (13,211) | (13,333) | (17,971) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 7,567 | 11,993 | 24,167 | 22,702 | 32,541 | | Net Income from Discontinued Operations | - | - | 584 | - | - | | Net Income from Total Operations | 7,567 | 11,993 | 24,751 | 22,702 | 32,541 | | | Normalized Income | 7,567 | 11,993 | 24,167 | 22,702 | 32,541 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 7,567 | 11,993 | 24,751 | 22,702 | 32,541 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.99 | 0.20 | 0.20 | 0.16 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 0.26 | 0.41 | 0.78 | 0.73 | 1.05 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.26 | 0.41 | 0.80 | 0.73 | 1.05 | | | Diluted EPS from Continuing Operations | 0.26 | 0.41 | 0.78 | 0.73 | 1.04 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.26 | 0.41 | 0.80 | 0.73 | 1.04 | | | |
