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Description of the CompanyLADD Furniture, Inc., based in High Point, North Carolina, is the seventh largest furniture company in the world. With $500 million in annual sales, LADD is a leading residential furniture manufacturer which produces a wide range of furniture designed to appeal to customers seeking quality, style, and value. LADD markets its furniture under various major brand names, including American Drew, Lea, Barclay, Clayton Marcus, Pennsylvania House, HomeTech, American of Martinsville, Pilliod, and Hickory Mark. The Company has 5,900 employees and 20 manufacturing facilities in eight states. |
Contents
- Financial Highlights
- Letter to Shareholders
- LADD's Business Groups
LADD Casegoods Group
LADD Upholstery Group
LADD Contract Sales Group
LADD Corporate Group
- Management's Discussion and Analysis
- Consolidated Financial Statements
Consolidated Balance Sheets
Consolidated Statements of Operations
Consolidated Statements of Shareholders' Equity
Consolidated Statements of Cash Flows
- Notes to Consolidated Financial Statements:
Note 1: Summary of Significant Accounting Policies
Note 2: Restructuring and Divestitures
Note 3: Accounts Receivable Securitization Program
Note 4: Inventories
Note 5: Property, Plant and Equipment
Note 6: Intangible and Other Assets
Note 7: Accrued Expenses and Other Current Liabilities
Note 8: Long-Term Debt and Short-Term Bank Borrowings
Note 9: Employee Stock Plans
Note 10: Employee Benefit Plans
Note 11: Postretirement Benefits Other Than Pensions
Note 12: Income Taxes
Note 13: Leases and Contingencies
Note 14: Acquisition
- Management's Statement of Responsibility
- Independent Auditors' Report
- Manufacturing Facilities
- Selected Annual Data 1992-1996
- Selected Quarterly Data
- Board of Directors and Committees of the Board
- Corporate Officers, Corporate and Stockholder Information
For a printed copy of our Annual Report:
Send us an e-mail to Corporate Communications Dept. at jong@laddnet.com
or write to:
LADD Furniture, Inc., Corporate Communications Dept.
P.O. Box 26777
Greensboro, North Carolina 27417-6777