(15) Subsequent Event SELECTED FINANCIAL DATA On January 7, 2005, subsequent to the end of fiscal year 2004, the company acquired the assets of Nu-Vu Foodservice Systems  for $12.0 million in cash. Nu-Vu Foodservice Systems is a manufacturer of baking ovens and proofers with principal operations located  in Menominee, Michigan. The acquisition had no effect on the 2004 financial statements. Fiscal Year Ended (1) (amounts in thousands, except per share data) 2004 2003 2002 2001 2000 INCOME STATEMENT DATA: Net sales $ 271,115 $ 242,200 $ 235,147 $ 103,642 $ 129,602 Cost of sales 168,487 156,347 156,647 72,138 84,416 Gross profit 102,628 85,853 78,500 31,504 45,186 Selling and distribution expenses 30,496 29,609 28,213 13,180 15,858 General and administrative expenses 23,113 21,228 20,556 10,390 17,478 Stock repurchase transaction expenses 12,647 — — — — Acquisition integration reserve adjustments (1,887) — — — — Income from operations 38,259 35,016 29,731 7,934 11,850 Interest expense and deferred financing amortization, net 3,004 5,891 11,180 740 1,204 Debt extinguishment expenses 1,154 — 9,122 — 378 Gain on acquisition financing derivatives (265) (62) (286) — — Other expense, net 522 366 901 794 1,503 Earnings before income taxes 33,844 28,821 8,814 6,400 8,765 Provision for income taxes 10,256 10,123 2,712 4,764 5,227 Net earnings $ 23,588 $ 18,698 $ 6,102 $ 1,636 $ 3,538 NET EARNINGS PER SHARE: Basic $ 2.56 $ 2.06 $ 0.68 $ 0.18 $ 0.35 Diluted $ 2.38 $ 1.99 $ 0.67 $ 0.18 $ 0.35 WEIGHTED AVERAGE SHARES OUTSTANDING: Basic 9,200 9,065 8,990 8,981 9,971 Diluted 9,931 9,392 9,132 8,997 10,091 Cash dividends declared per common share $ 0.40 $ 0.25 $ — $ — $ 0.10 BALANCE SHEET DATA: Working capital $ 10,923 $ 3,490 $ 13,890 $ 12,763 $ 19,084 Total assets 209,675 194,620 207,962 211,397 79,920 Total debt 123,723 56,500 87,962 96,199 8,539 Stockholders’ equity 7,215 62,090 44,632 39,409 37,461 (1) The company’s fiscal year ends on the Saturday nearest to December 31. 36 MIDDLEBY CORPORATION AND SUBSIDIARIES