Attached files
file | filename |
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8-K/A - FORM 8-K/A - ENGLOBAL CORP | f8ka_090613.htm |
EX-10.1 - EXHIBIT 10.1 - ENGLOBAL CORP | exh_101.htm |
EX-99.1 - EXHIBIT 99.1 - ENGLOBAL CORP | exh_991.htm |
Exhibit 99.2
Pro forma Condensed Consolidated Statement of Operations
For the Six
Months Ended
June 29, 2013
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Operating revenues
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$
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40,851
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||
Operating costs
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34,886
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|||
Gross profit
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5,965
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|||
Selling, general and administrative expenses
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10,475
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|||
Operating loss
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(4,510
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)
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||
Other income (expense):
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||||
Gain on sale of assets
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1,061
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|||
Other income (expense), net
|
211
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|||
Interest expense, net
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(1,036
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)
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||
Loss from continuing operations before income taxes
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(4,274
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)
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||
Provision (benefit) for federal and state income taxes
|
192
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|||
Loss from continuing operations
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(4,466
|
)
|
||
Income (loss) from discontinued operations, net of taxes
|
5,878
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|||
Net income (loss)
|
$
|
1,412
|
Pro forma Condensed Consolidated Balance Sheet
ASSETS
|
June 29,
2013
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|||
Current Assets:
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||||
Cash, restricted cash and cash equivalents
|
$
|
1,916
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||
Trade receivables, net
|
19,983
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|||
Notes receivable
|
1,420
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|||
Prepaid expenses and other current assets
|
656
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Costs and estimated earnings in excess of billings on uncompleted contracts
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1,861
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Total Current Assets
|
$
|
25,836
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||
Property and equipment, net
|
1,394
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|||
Goodwill and other intangible assets
|
4,165
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|||
Long-term trade, notes receivable and other, net
|
7,567
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Other assets, net
|
668
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|||
Total Assets
|
$
|
39,130
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||
LIABILITIES AND STOCKHOLDERS' EQUITY
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||||
Current Liabilities:
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||||
Accounts payable, accrued and other current liabilities
|
$
|
5,688
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||
Accrued compensation and benefits
|
1,682
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|||
Deferred rent
|
477
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|||
Billings in excess of costs and estimated earnings on uncompleted contracts
|
3,318
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|||
Other current liabilities
|
1,167
|
|||
Total Current Liabilities
|
$
|
12,332
|
||
Stockholders' Equity:
|
||||
Common stock -
|
$
|
28
|
||
Additional paid-in capital
|
38,570
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|||
Accumulated deficit
|
(9,368
|
)
|
||
Treasury stock at cost
|
(2,362
|
)
|
||
Accumulated other comprehensive loss
|
(70
|
)
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||
Total Stockholders' Equity
|
$
|
26,798
|
||
Total Liabilities and Stockholders' Equity
|
$
|
39,130
|