Years ended March 31, 1997 1996 1995
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Revenue from continuing operations $142,547,174 $122,923,875 $131,173,804
Costs and expenses 135,777,206 116,669,930 125,222,189
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Operating earnings from continuing operations 6,769,968 6,253,945 5,951,615
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Other expense (income):
Interest expense 397,417 640,660 564,862
Interest income (77,803) (129,105) (22,980)
Equity in income of joint venture (90,445) (345,842) (321,252)
Other, net 728,281 684,309 589,762
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957,450 850,022 810,392
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Earnings from continuing operations before income taxes 5,812,518 5,403,923 5,141,223
Income taxes on earnings from continuing operations (note 7) 2,436,982 1,815,542 2,171,031
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Net earnings from continuing operations $ 3,375,536 $ 3,588,381 $ 2,970,192
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Discontinued operations (note 3):
Loss from discontinued operations, net of income
tax benefit of $135,321 and $136,932 in 1996 and
1995, respectively -- (194,730) (197,048)
Loss on disposal of discontinued operations,
net of income tax benefit of $1,392,730 -- (1,316,030) --
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Net earnings $ 3,375,536 $ 2,077,621 $ 2,773,144
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Earnings (loss) per common and common equivalent share:
Continuing operations $ 1.40 $ 1.44 $ 1.20
Discontinued operations -- (0.61) (0.08)
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Net earnings $ 1.40 $ 0.83 $ 1.12
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Weighted average shares and common
equivalent shares outstanding (notes 2 and 8) 2,406,140 2,493,751 2,469,148
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