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14
Item 6: Selected Financial Data.
The following selected financial data is qualified in its entirety by and should be read in conjunction with the more
detailed consolidated financial statements and related notes included elsewhere herein. During fiscal 1999, we
acquired Quarterdeck, Intel’s and IBM’s anti-virus businesses and the operations of Binary. See Note 3 of Notes to
Consolidated Financial Statements in this Form 10-K. Each of these acquisitions was accounted for as a purchase and,
accordingly, the operating results of these businesses have been included in our consolidated financial statements since
their respective dates of acquisition. We did not complete any acquisitions during fiscal 1998. During fiscal 1997, we
acquired Fast Track, Inc. in a transaction accounted for as a pooling of interests. Since the results of operations of Fast
Track were not material to our consolidated financial statements, amounts prior to the date of acquisition were not
restated to reflect the combined operations of the companies. In fiscal 1996, we acquired Delrina Corporation. In
fiscal 1995, we acquired Intec Systems Corporation, Central Point Software, Inc. and SLR Systems, Inc. The fiscal
1996 and 1995 acquisitions were accounted for as poolings of interests. We have not paid cash dividends on our stock
in the last three years.
Five Year Summary
(In thousands, except ____________________Year Ended March 31,_________________
net income (loss) per share) 1999 1998* 1997* 1996 1995
Statements of Operations Data:
Net revenues $ 592,628 $532,940 $452,933 $445,432 $431,268
Acquisition, restructuring and
other expenses 38,395 -- 8,585 27,617 9,545
Operating income (loss) 27,841 54,924 17,550 (48,279) 40,286
Net income (loss) 50,201 85,089 26,038 (39,783) 33,409
Net income (loss) per share - basic $0.89 $1.52 $0.48 $(0.76) $0.68
Net income (loss) per share - diluted $0.86 $1.42 $0.47 $(0.76) $0.64
Shares used to compute net
income (loss) per share - basic 56,601 56,097 54,705 52,664 49,338
Shares used to compute net
income (loss) per share - diluted 59,289 60,281 55,407 52,664 54,303
____________________Year Ended March 31,_________________
(In thousands) 1999 1998 1997 1996 1995
Balance Sheet Data:
Working capital $99,555 $175,537 $129,569 $134,643 $143,405
Total assets 563,476 476,460 339,398 282,674 305,356
Long-term obligations, less
current portion 1,455 5,951 15,066 15,393 25,413
Stockholders’ equity 345,113 317,507 217,979180,317 184,874
* We have reclassified our financial results related to the sale of certain product lines and technologies. Although
there was no impact to our net income, we have restated our fiscal 1998 and 1997 financials to reflect these
reclassifications from net revenues to income, net of expense, from sale of technologies and product lines. See
further discussion in our Summary of Significant Accounting Policies section in this Form 10-K.