Meade Instruments Corp.

(NASDAQ:MEAD)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Aug 31, 2008	May 31, 2008	Feb 29, 2008	Nov 30, 2007
Assets
Current Assets
Cash & Equivalents	4,036	4,687	4,301	190
Restricted Cash	—	—	—	—
Marketable Securities	—	—	—	—
Accounts Receivable	9,600	7,996	8,424	37,914
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	9,600	7,996	8,424	37,914
Raw Materials	3,685	4,208	3,418	5,560
Work in Progress	3,009	2,013	2,335	2,005
Purchased Components	—	—	—	—
Finished Goods	13,936	11,855	16,906	17,382
Other Inventories	—	—	—	—
Inventories Adjustments and Allowances	—	—	—	—
Inventories	20,630	18,076	22,659	24,947
Prepaid Expenses	571	986	556	720
Current Deferred Income Taxes	—	—	—	—
Other Current Assets	—	—	—	—
Total Current Assets	34,837	31,745	35,940	63,771
Land and Improvements	—	—	—	—
Building and Improvements	5,029	5,015	5,008	—
Machinery Furniture and Equipment	14,915	15,294	15,160	—
Construction in Progress	—	—	—	—
Other Fixed Assets	—	—	—	21,069
Total Fixed Assets	19,944	20,309	20,168	21,069
Gross Fixed Assets	19,944	20,309	20,168	21,069
Accumulated Depreciation and Depletion	16,543	16,647	16,451	16,074
Net Fixed Assets	3,401	3,662	3,717	4,995
Intangibles	1,421	3,784	4,346	4,407
Cost in Excess	1,548	1,548	1,548	3,141
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	178	221	241	262
Total Non Current Assets	6,548	9,215	9,852	12,805
Total Assets	41,385	40,960	45,792	76,576
Liabilities
Current Liabilities
Accounts Payable	10,008	5,954	6,650	13,243
Notes Payable	—	—	—	—
Short Term Debt	258	900	6,090	22,028
Accrued Expenses	—	—	—	—
Accrued Liabilities	5,124	4,782	5,770	4,607
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	467	407	450	1,411
Total Current Liabilities	15,857	12,043	18,960	41,289
Non Current Liabilities
Long Term Debt	607	694	936	966
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	438	1,243	1,258	1,681
Other Non Current Liabilities	160	138	42	43
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	17,062	14,118	21,196	43,979
Total Liabilities	1,205	2,075	2,236	2,690
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	24,323	26,842	24,596	32,597
Common Par	233	233	233	233
Additional Paid in Capital	51,036	51,353	51,283	51,325
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	-29,102	-27,071	-28,828	-20,929
Treasury Stock	—	—	—	—
Other Equity Adjustments	2,156	2,327	1,908	1,968
Total Capitalization	24,930	27,536	25,532	33,563
Cash Flow	-8,447	-10,169	-16,260	-16,563
Working Capital	18,980	19,702	16,980	22,482
Free Cash Flow	-9,232	-2,199	-11,844	-30,101
Invested Capital	24,930	27,536	25,532	33,563
Total Equity	24,323	26,842	24,596	32,597
Total Liabilities and Stock Equity	41,385	40,960	45,792	76,576

	Feb 29, 2008	Feb 28, 2007	Feb 28, 2006	Feb 28, 2005
Assets
Current Assets
Cash & Equivalents	4,301	4,048	7,589	3,929
Restricted Cash	—	—	—	—
Marketable Securities	—	—	—	—
Accounts Receivable	8,424	12,445	16,822	17,549
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	8,424	12,445	16,822	17,549
Raw Materials	3,418	5,575	6,895	7,449
Work in Progress	2,335	5,560	4,871	6,023
Purchased Components	—	—	—	—
Finished Goods	16,906	14,154	22,593	33,677
Other Inventories	—	—	—	—
Inventories Adjustments and Allowances	—	—	—	—
Inventories	22,659	25,289	34,359	47,149
Prepaid Expenses	556	443	395	771
Current Deferred Income Taxes	—	—	—	6,738
Other Current Assets	—	—	—	—
Total Current Assets	35,940	42,225	59,165	76,136
Land and Improvements	—	205	191	205
Building and Improvements	5,008	5,774	5,353	3,649
Machinery Furniture and Equipment	15,160	8,077	7,683	7,244
Construction in Progress	—	—	—	—
Other Fixed Assets	—	6,869	6,796	6,482
Total Fixed Assets	20,168	20,925	20,023	17,580
Gross Fixed Assets	20,168	20,925	20,023	17,580
Accumulated Depreciation and Depletion	16,451	16,074	14,652	13,237
Net Fixed Assets	3,717	4,851	5,371	4,343
Intangibles	4,346	4,682	5,018	7,706
Cost in Excess	1,548	3,141	2,115	—
Non Current Deferred Income Taxes	—	—	—	329
Other Non Current Assets	241	230	571	235
Total Non Current Assets	9,852	12,904	13,075	12,613
Total Assets	45,792	55,129	72,240	88,749
Liabilities
Current Liabilities
Accounts Payable	6,650	8,551	5,899	3,954
Notes Payable	—	—	—	—
Short Term Debt	6,090	1,060	5,535	10,603
Accrued Expenses	—	—	—	—
Accrued Liabilities	5,770	6,810	5,773	4,775
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	450	1,415	133	3,225
Total Current Liabilities	18,960	17,836	17,340	22,557
Non Current Liabilities
Long Term Debt	936	1,178	1,410	1,241
Capital Lease Obligations	—	8	—	—
Deferred Income Tax Liabilities	1,258	1,436	1,540	—
Other Non Current Liabilities	42	195	222	—
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	21,196	20,653	20,512	23,798
Total Liabilities	2,236	2,817	3,172	1,241
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	24,596	34,476	51,728	64,951
Common Par	233	201	200	200
Additional Paid in Capital	51,283	45,104	44,890	40,442
Cumulative Translation Adjustment	—	1,580	—	—
Retained Earnings	-28,828	-11,096	8,086	25,016
Treasury Stock	—	—	—	—
Other Equity Adjustments	1,908	-1,313	-1,448	-707
Total Capitalization	25,532	35,654	53,138	66,192
Cash Flow	-16,260	-17,340	-11,722	1,139
Working Capital	16,980	24,389	41,825	53,579
Free Cash Flow	-11,844	1,160	8,698	-8,063
Invested Capital	25,532	35,662	53,138	66,192
Total Equity	24,596	34,476	51,728	64,951
Total Liabilities and Stock Equity	45,792	55,129	72,240	88,749