Results of Operations
Managements discussion and analysis is based on the results of operations by segment:
Unallocated
Real Corporate
Food Estate and other Total
Three months ended
June 30, 2005
Net sales $26,782 $561 $ - $ 27,343
Gross profit 5,729 211 - 5,940
Operating
expenses (recovery) 4,880 27 (1,309) 3,598
Other expense (209) (15) (3) (227)
Net income 635 139 1,177 1,951
Three months ended
June 30, 2004
Net sales $22,863 $539 $ - $23,402
Gross profit 5,836 208 - 6,044
Operating expenses 4,319 100 724 5,143
Other (expense) income (537) 10 (9) (536)
Net income (loss) 968 (38) (1,339) (409)
Six months ended
June 30, 2005
Net sales $51,871 $1,158 $ - $53,029
Gross profit 10,862 468 - 11,330
Operating expenses 9,458 63 (995) 8,526
Other income (expense) (402) (28) 253 (177)
Net income 997 233 795 2,025
Six months ended
June 30, 2004
Net sales $42,059 $1,123 $ - $43,182
Gross profit 10,230 448 - 10,678
Operating expenses 8,545 231 1,357 10,133
Other (expense) income(1,071) (15) 6 (1,080)
Net income (loss) 602 (246) (2,110) (1,754)