$1.4 million and $.02, for 1995 as compared with $8.0 million and $.11,for 1994, which included a $4.6 million, or $.06 per-share, one-time tax benefitrelated to the legal reorganization of Holiday Rambler. On January 22, 1996,the Company announced its strategic decision to discontinue the operationsof the Transportation Vehicles segment in order to concentrate its financialand human resources on its core motorcycle business. The Company does not anticipatea loss on the discontinuance of the Transportation Vehicles segment. The resultsof the Transportation Vehicles segment have been reported separately asdiscontinuedoperations for each year presented. On November 14, 1995, the Company acquiredsubstantially all of the common stock and common stock equivalents of EaglemarkFinancial Services, Inc. that it did not already own. The purchase price wasapproximately $45 million, which was paid from internally generated funds andshort-term borrowings. The Company has included the results of operations ofthe Financial Services segment ($3.6 million) in its statement of operationsfor the year ended December 31, 1995 as though it had been acquired at thebeginning of the year and deducted the preacquisition earnings as part of non-operatingexpense. The Company increased its quarterly dividend in September from $.04per share to $.05 per share which resulted in a total year pay out of $.18per share.Units Shipped and Net SalesThe Motorcycles and Related Products(Motorcycles) segment's net sales increased 16.5% over 1994 due primarily toa 9,293 unit (9.7%) increase in motorcycle shipments, as well as a 14.0% increasein its Parts and Accessories business. The increase in motorcycle shipmentsis the result of ongoing implementation of the Company's manufacturing strategyand efforts to satisfy demand. The manufacturing strategy is designed toincrease capacity, adjust to changes in the market place and further improveproduct quality while reducing costs. Sa...
