Franklin Covey 2000 Annual Report 36 Consolidated Statements of Income and Comprehensive  Income Consolidated Statements of  Income and Comprehensive Income See accompanying notes to consolidated financial statements. YEAR ENDED AUGUST 31, 2000 1999 1998 In thousands, except per share data Sales $585,199 $554,923 $546,612 Cost of sales (exclusive of stock option purchase costs totaling $2,113 in fiscal 2000) 254,208 243,132 213,888 Gross margin 330,991 311,791 332,724 Selling, general and administrative (exclusive of stock op tion purchase and relocation costs totaling $9,114 in fiscal 2000) 269,303 235,003 221,303 Stock option purchases and relocation costs 11,227 Depreciation and amortization 45,167 39,539 33,028 Restructuring costs (4,946) 16,282 Loss on impaired assets 16,559 Income from operations 10,240 4,408 78,393 Interest income 1,665 1,278 1,954 Interest expense (6,178) (9,912) (8,316) Other expense, net (174) Income (loss) before provision for income taxes  and cumulative effect of accounting change 5,553 (4,226) 72,031 Provision for income taxes 9,962 4,546 29,893 (Loss) income before cumulative effect of accounting change (4,409) (8,772) 42,138 Cumulative effect of accounting change, net of tax (Note  16) (2,080) Net (loss) income (4,409) (8,772) 40,058 Preferred stock dividends 8,005 1,875 Net (loss) income available to common shareholders $ (12,414) $ (10,647) $ 40,058 (Loss) income from continuing operations per share: Basic $ (.61) $ (.51) $ 1.75 Diluted (.61) (.51) 1.70 Cumulative effect of accounting change, net of tax, per  share: Basic (.09) Diluted (.08) Net (loss) income per share: Basic $ (.61) $ (.51) $ 1.66 Diluted (.61) (.51) 1.62 Weighted average number of common and common equivalent shares: Basic 20,437 20,881 24,091 Diluted 20,437 20,881 24,726 Comprehensive Income: Net (loss) income available to common shareholders $ (12,414) $ (10,647) $ 40,058 Foreign currency translation adjustments 660 1,468 (1,316) Comprehensive (loss) income $(11,754) $ (9,179) $ 38,742