Oakley

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					                                  Oakley: Balance Sheet

                                  2000                    1999                 1998
Current Assets
Cash                            $4,855    1.60%      $5,499       2.30%      $4,553    2.02%
Accounts Rec.                  $64,973   21.44%     $39,113      16.34%     $33,867   15.00%
Inventories, net               $61,998   20.46%     $35,061      14.65%     $35,548   15.74%
Other Receivables               $1,734    0.57%      $1,776       0.74%      $2,372    1.05%
Deferred & Prepaid Inc. Tax    $22,697    7.49%     $11,698       4.89%      $6,074    2.69%
Prepaid Expenses & Other        $2,502    0.83%      $5,561       2.32%      $4,246    1.88%
  Total Current Assets        $158,759   52.40%     $98,708      41.24%     $86,660   38.38%

Property, Plant & Epuipment   $121,824   40.21%    $113,695      47.50%    $118,215   52.35%
Deposits                        $1,293    0.43%      $2,281       0.95%      $2,513    1.11%
Other Assets                   $21,110    6.97%     $24,666      10.31%     $18,427    8.16%


TOTAL ASSETS                  $302,986 100.00%     $239,350      100.00%   $225,815   100.00%



Current Liabilities
Line of Credit                 $17,901    5.91%      $5,000       2.09%     $13,300    5.89%
Accounts Payable               $23,264    7.68%     $16,592       6.93%     $12,606    5.58%
Accrued Expenses & Other       $12,814    4.23%     $10,485       4.38%      $6,646    2.94%
Accrued Warranty                $3,992    1.32%      $4,483       1.87%      $4,420    1.96%
Income Taxes Payable           $15,093    4.98%      $1,382       0.58%      $2,567    1.14%
Curr. Port. Long Term Debt      $1,519    0.50%      $1,519       0.63%      $1,519    0.67%
  Total Current Liabilities    $74,583   24.62%     $39,461      16.49%     $41,058   18.18%

Deferred Income Taxes           $3,904   1.29%       $3,511       1.47%      $3,418    1.51%
Long Term Debt                 $16,326   5.39%      $18,514       7.74%     $19,363    8.57%

Commitments & Contingencies
Preferred Stock                   $686    0.23%        $700       0.29%        $707    0.31%
Additional Paid-In Capital     $36,484   12.04%     $51,851      21.66%     $55,610   24.63%
Retained Earnings             $177,277   58.51%    $126,225      52.74%    $106,383   47.11%
Accum: Other Comp. Income      -$6,274   -2.07%       -$939      -0.39%       -$724   -0.32%

 Total Shareholder Equity     $208,173   68.71%    $177,837      74.30%    $161,976   71.73%


Total Liab. and Share. Eq.    $302,986 100.00%     $239,350      100.00%   $225,815   100.00%
                  Summary of Oakley Company Ratios (1998-2000, Including 2000 Industry Averages)

Ratio                                           2000         1999         1998       Industry Avg. 2000
Liquidity
  Net Working Capital                       $    84,176 $     59,247 $     45,602      Not Available
  Current Ratio                                     2.13         2.50         2.11                 1.96
  Quick (Acid Test) Ratio                           1.30         1.61         1.24                 1.29

Activity
 Inventory Turnover                                 2.23         3.12         2.42                 7.16
 Average Collection Period                         64.35        54.60        52.57                57.78
 Average Payment Period                            86.44        78.04        75.27     Not Available
 Total Asset Turnover                               1.20         1.08         1.03                 1.24

Debt
 Debt Ratio                                      31.29%       25.69%       28.27%               39.39%
 Times Interest Earned Ratio                       29.84        16.65        19.67                 3.97

Profitability
  Gross Profit Margin                            61.92%       57.60%       62.86%                  39.12
  Operating Profit Margin                        22.36%       12.59%       17.81%                  11.62
  Net Profit Margin                              14.05%        7.69%       10.41%                   7.40
  Return on Total Assets (ROA)                   16.85%        8.29%       10.69%                   8.56
  Return on Equity                               24.52%       11.16%       14.90%                  18.12
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                             Oakley: Income Statement

                             2000                 1999                  1998
Net Revenue                363,474.00   100.00% 257,872.00    100.00% 231,930.00    100.00%
Cost of goods sold         138,408.00    38.08% 109,338.00     42.40% 86,130.00      37.14%

Gross Profit               225,066.00    61.92% 148,534.00     57.60% 145,800.00    62.86%


Research & development       7,894.00     2.17%    6,304.00     2.44%    5,230.00    2.25%
Selling                     90,291.00    24.84%   72,184.00    27.99%   66,180.00   28.53%
Shipping & warehousing      10,005.00     2.75%    6,592.00     2.56%    6,770.00    2.92%
Gen. & Admin.               35,612.00     9.80%   30,977.00    12.01%   26,290.00   11.34%

Total operating expenses   143,802.00    39.56% 116,057.00     45.01% 104,490.00    45.05%

Operating Income            81,264.00    22.36%   32,477.00    12.59%   41,300.00   17.81%
Interest expense             2,723.00     0.75%    1,951.00     0.76%    2,100.00    0.91%

Inc. Before Taxes           78,541.00    21.61%   30,526.00    11.84%   39,190.00   16.90%
Income Taxes                27,489.00     7.56%   10,684.00     4.14%   15,050.00    6.49%

Net Income                  51,052.00    14.05%   19,842.00     7.69%   24,140.00   10.41%

				
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