34 Consolidated Statements of Income Year ended June 30  (in thousands, except per share data) 2002 2001 2000 Operations Net sales (Note 2) $1,583,742 $1,807,896 $1,866,578 Cost of goods sold 1,072,918 1,192,176 1,228,685 Gross profit 510,824 615,720 637,893 Operating expense 389,396 425,641 434,136 Restructuring and asset impairment charges (Note 12) 27,307 9,545 18,526 Amortization of intangibles 2,804 24,134 26,452 Operating income 91,317 156,400 158,779 Interest expense 32,627 50,381 55,079 Other (income) expense, net (361) 11,690 3,289 Income before provision for income taxes and minority interest 59,051 94,329 100,411 Provision for income taxes (Notes 2 and 9) 18,900 37,300 43,700 Minority interest 1,653 3,142 4,734 Income before extraordinary loss and cumulative effect  of change in accounting principles 38,498 53,887 51,977 Extraordinary loss on early extinguishment  of debt, net of tax of $178 – – (267) Cumulative effect of change in accounting principles,  net of tax of $2,389 and $399, respectively (250,406) (599) – Net (loss) income $ (211,908) $ 53,288 $ 51,710 Per Share Data  Basic earnings per share before extraordinary loss  and cumulative effect of change in accounting principles $ 1.24 $ 1.76 $ 1.72 Extraordinary loss – – (0.01) Cumulative effect of change in accounting principles (8.04) (0.02) – Basic (loss) earnings per share $ (6.80) $ 1.74 $ 1.71 Diluted earnings per share before extraordinary loss  and cumulative effect of change in accounting principles $ 1.22 $ 1.75 $ 1.71 Extraordinary loss – – (0.01) Cumulative effect of change in accounting principles (7.92) (0.02) – Diluted (loss) earnings per share (Note 2) $ (6.70) $ 1.73 $ 1.70 Dividends per share $ 0.68 $ 0.68 $ 0.68 Basic weighted average shares outstanding (Note 2) 31,169 30,560 30,263 Diluted weighted average shares outstanding 31,627 30,749 30,364 The accompanying notes are an integral part of these statements.