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8-K/A - FORM 8-K/A - ENGLOBAL CORPf8ka_090613.htm
EX-10.1 - EXHIBIT 10.1 - ENGLOBAL CORPexh_101.htm
EX-99.1 - EXHIBIT 99.1 - ENGLOBAL CORPexh_991.htm
Exhibit 99.2
Pro forma Condensed Consolidated Statement of Operations
 
   
For the Six
Months Ended
June 29, 2013
Operating revenues
 
$
40,851
 
     Operating costs
   
34,886
 
Gross profit
   
5,965
 
     Selling, general and administrative expenses
   
10,475
 
Operating loss
   
(4,510
)
Other income (expense):
       
Gain on sale of assets
   
1,061
 
Other income (expense), net
   
211
 
Interest expense, net
   
(1,036
)
Loss from continuing operations before income taxes
   
(4,274
)
     Provision (benefit) for federal and state income taxes
   
192
 
Loss from continuing operations
   
(4,466
)
     Income (loss) from discontinued operations, net of taxes
   
5,878
 
Net income (loss)
 
$
1,412
 
 
Pro forma Condensed Consolidated Balance Sheet
 
ASSETS
 
June 29,
2013
 
Current Assets:
     
Cash, restricted cash and cash equivalents
 
$
1,916
 
Trade receivables, net
   
19,983
 
Notes receivable
   
1,420
 
Prepaid expenses and other current assets
   
656
 
Costs and estimated earnings in excess of billings on uncompleted contracts
   
1,861
 
Total Current Assets
 
$
25,836
 
Property and equipment, net
   
1,394
 
Goodwill and other intangible assets
   
4,165
 
Long-term trade, notes receivable and other, net
   
7,567
 
Other assets, net
   
668
 
Total Assets
 
$
39,130
 
         
LIABILITIES AND STOCKHOLDERS' EQUITY
       
         
Current Liabilities:
       
Accounts payable, accrued and other current liabilities
 
$
5,688
 
Accrued compensation and benefits
   
1,682
 
Deferred rent
   
477
 
Billings in excess of costs and estimated earnings on uncompleted contracts
   
3,318
 
Other current liabilities
   
1,167
 
Total Current Liabilities
 
$
12,332
 
Stockholders' Equity:
       
Common stock -
 
$
28
 
Additional paid-in capital
   
38,570
 
Accumulated deficit
   
(9,368
)
Treasury stock at cost
   
(2,362
)
Accumulated other comprehensive loss
   
(70
)
Total Stockholders' Equity
 
$
26,798
 
Total Liabilities and Stockholders' Equity
 
$
39,130