UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
Amendment No. 1
(MARK ONE)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2002
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
For the transition period from
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Commission File Number 1-5426
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THOMAS INDUSTRIES INC.
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(Exact name of Registrant as specified in its Charter)
DELAWARE 61-0505332
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(State of incorporation) (I.R.S. Employer Identification Number)
4360 BROWNSBORO ROAD, LOUISVILLE, KENTUCKY 40207
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(Address of principal executive offices) (Zip Code)
502/893-4600
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(Registrant's telephone number, including area code)
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE
SECURITIES EXCHANGE ACT OF 1934:
Title of Each Class Name of Each Exchange on which Registered
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Common Stock, $1 Par Value New York Stock Exchange
Preferred Stock Purchase Rights New York Stock Exchange
SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: NONE
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes X No
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Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein and will not be contained, to the best
of Registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]
Indicate by check mark whether the registrant is an accelerated filer (as
defined in Exchange Act Rule 12b-2) Yes X No
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As of February 28, 2003, 17,144,420 shares of the registrant's Common Stock were
outstanding (net of treasury shares and including directors' and executive
officers' shares).
The aggregate market value of the voting stock held by non-affiliates of the
Registrant at June 30, 2002, was approximately $425,100,000. The aggregate
market value was computed by using the closing price of the common stock as of
that date on the New York Stock Exchange. (For purposes of calculating this
amount only, all directors and executive officers of the registrant have been
treated as affiliates.)
Portions of the Proxy Statement for the Annual Meeting of Shareholders on April
17, 2003, are incorporated by reference in Part III of this report.
Portions of the Annual Report to Shareholders for fiscal year ended December 31,
2002, are incorporated by reference in Parts I and II of this report.
Explanatory Note:
This Amendment No. 1 is being filed to add Schedule II - Valuation and
Qualifying Accounts for the Years Ended December 31, 2002, 2001 and 2000 which
was inadvertently omitted from the first filing of the Form 10-K.
S I G N A T U R E S
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
THOMAS INDUSTRIES INC.
Date: April 1, 2003 By /s/ Phillip J. Stuecker
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Phillip J. Stuecker
Vice President and Chief Financial Officer
SCHEDULE II
Valuation and Qualifying Accounts
Thomas Industries Inc. and Subsidiaries
December 31, 2002
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Balance at Charged to Charged to Balance at
Description Beginning Costs Other Accounts- Deductions- End of
of Period and Expenses Describe Describe Period
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Year ended December 31, 2002
Allowance for doubtful accounts $1,103,000 $753,000 $1,208,000(1) ($795,000)(2) $2,269,000
Allowance for obsolete and slow
moving inventory 1,985,000 488,000 2,980,000(1) (632,000)(3) 4,821,000
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$3,088,000 $1,241,000 $4,188,000 (1,427,000) $7,090,000
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Year ended December 31, 2001
Allowance for doubtful accounts $752,000 $514,000 (163,000)(2) $1,103,000
Allowance for obsolete and slow
moving inventory 1,999,000 880,000 (894,000)(3) 1,985,000
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$2,751,000 $1,394,000 (1,057,000) $3,088,000
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Year ended December 31, 2000
Allowance for doubtful accounts $698,000 $206,000 (152,000)(2) $752,000
Allowance for obsolete and slow
moving inventory 1,861,000 624,000 (486,000)(3) 1,999,000
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$2,559,000 $830,000 (638,000) $2,751,000
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(1) Due to business acquisitions.
(2) Uncollectible accounts written off, less recoveries on accounts previously
written off and effect of translation in accordance with SFAS No. 52.
(3) Disposal of obsolete inventory and effect of translation in accordance with
SFAS No. 52.