(In thousands, except per share information)
| SUMMARY OF RESULTS: | 2000 | 1999 |
| Net sales | $ 635,361 | $ 617,322 |
| Gross profit | 163,338 | 112,429 |
| Operating income (loss) | 23,243 | (45,911) |
| Earnings (loss) from continuing operations | 21,764 | (23,507) |
| Earnings (loss) from continuing operations per diluted share | $ 0.87 | $ (1.03) |
| OTHER FINANCIAL DATA: | ||
| Cash and short-term investments | $ 44,844 | $ 67,954 |
| Total assets | 1,267,420 | 1,328,786 |
| Long-term debt | 453,719 | 495,283 |
| Stockholders' equity | 402,113 | 407,500 |
| Per outstanding common share | $ 16.05 | $ 16.38 |
Our fiscal 2000 earnings from continuing operations includes a gain from the disposition of our investment in Nacanco Paketleme, partially offset by restructuring charges associated with the acquisition and integration of Kaynar Technologies into our aerospace fasteners segment. Our fiscal 1999 loss from continuing operations includes losses from the disposition of Solair and Dallas Aerospace at our aerospace distribution segment, and costs and restructuring charges associated with our acquisition and integration of Kaynar Technologies, Inc.
