Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - BOWL AMERICA INC | Financial_Report.xls |
| EX-31.1 - EXHIBIT 31.1 - BOWL AMERICA INC | ex31-1.htm |
| EX-31.2 - EXHIBIT 31.2 - BOWL AMERICA INC | ex31-2.htm |
| 10-Q - FORM 10-Q - BOWL AMERICA INC | bowl_10q-010112.htm |
| EX-32 - EXHIBIT 32 - BOWL AMERICA INC | ex32.htm |
Exhibit 20
Exhibit 20 Press release issued February 14 2012
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For Immediate Release
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February 14, 2012
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BOWL AMERICA REPORTS SECOND QUARTER EARNINGS
Bowl America Inc. today reported fiscal year 2012 second quarter earnings were $.07 per share and first-half earnings to $.02 per share, compared to $.06 and $.02 per share, respectively, for the comparable prior year quarter and six-month periods. The current second quarter included the holiday week between Christmas and New Year’s Day which typically increases traffic. The holiday week fell in the third quarter last year.
The Company doubled its expenditures for capital equipment in the six month period this year versus the prior year comparable period.
Tomorrow the Company will pay a regular third quarter dividend of $.16 per share.
Bowl America operates 19 bowling centers and its Class A Common Stock trades on the NYSE Amex Exchange with the symbol BWLA. A more detailed explanation of results is available in the Company’s S.E.C. Form 10-Q filing, available at the Company’s web site www.bowlamericainc.com.
BOWL AMERICA INCORPORATED
Results of Operations
(unaudited)
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Thirteen weeks ended
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Twenty-six weeks ended
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|||||||||||||||
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January 1,
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December 26,
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January 1,
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December 26,
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2012
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2010
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2012
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2010
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Revenues
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Bowling and other
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$
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4,503,640
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$
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4,553,314
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$
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8,401,703
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$
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8,560,644
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Food, beverage & merchandise sales
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1,926,499
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1,926,558
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3,524,037
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3,569,207
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||||||||||||
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6,430,139
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6,479,872
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11,925,740
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12,129,851
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Operating expenses excluding depreciation and amortization
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5,592,063
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5,787,715
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11,205,677
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11,466,248
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Depreciation and amortization
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398,634
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432,051
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822,401
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868,473
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Interest & dividend income
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145,595
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185,904
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264,032
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330,811
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Earnings before taxes
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585,037
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446,010
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161,694
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125,941
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Net Earnings
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$
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380,267
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$
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285,410
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$
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105,094
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$
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80,541
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||||||||
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Comprehensive earnings (loss)
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$
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509,086
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$
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372,168
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$
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(10,592
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)
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$
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456,786
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Weighted average shares outstanding
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5,151,471
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5,146,971
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5,151,471
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5,146,971
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EARNINGS PER SHARE
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.07
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.06
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.02
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.02
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SUMMARY OF FINANCIAL POSITION
(unaudited)
Dollars in Thousands
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01/01/12
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12/26/10
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ASSETS
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Total current assets including cash and short-term investments of $7,232 & $9,188
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$
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8,603
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$
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11,153
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Property and investments
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31,361
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30,597
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TOTAL ASSETS
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$
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39,964
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$
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41,750
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LIABILITIES AND STOCKHOLDERS' EQUITY
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Total current liabilities
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$
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3,847
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$
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4,163
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Other liabilities
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2,475
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2,348
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Stockholders' equity
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33,642
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35,239
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TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
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$
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39,964
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$
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41,750
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