ITEM 1. BUSINESS
The text appearing under the caption, "Business" on page 25 of the Registrant's Annual Report to Shareholders for the fiscal year ended December 30, 1995 is incorporated herein by reference in accordance with the provisions of Rule 12b-23.
ITEM 2.
ITEM 2. PROPERTIES
ITEM 3.
ITEM 3. LEGAL PROCEEDINGS
None
ITEM 4.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None
PART II
ITEM 5.
ITEM 5. MARKET FOR THE REGISTRANT'S COMMON STOCK AND RELATED STOCKHOLDER MATTERS
The text and tabular presentation appearing under the caption, "Market for the Registrant's Common Stock and Related Stockholder Matters" on page 27 of the Registrant's Annual Report to Shareholders for the fiscal year ended December 30, 1995 is incorporated herein by reference in accordance with the provisions of Rule 12b-23.
ITEM 6.
ITEM 6. SELECTED FINANCIAL DATA
The tabular presentation appearing under the caption, "Selected Financial Data" on page 28 of the Registrant's Annual Report to Shareholders for the fiscal year ended December 30, 1995 is incorporated herein by reference in accordance with the provisions of Rule 12b-23.
ITEM 7.
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
The text appearing under the caption, "Management's Discussion and Analysis of Financial Condition and Results of Operations" commencing on page 24 and ending on page 25 of the Registrant's Annual Report to Shareholders for the fiscal year ended December 30, 1995 is incorporated herein by reference in accordance with the provisions of Rule 12b-23.
ITEM 8.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
The Consolidated Financial Statements and related Notes to Consolidated Financial Statements and Independent Auditors' Report commencing on page 1 and ending on page 23 of the Registrant's Annual Report to Shareholders for the fiscal year ended December 30, 1995 are incorporated herein by reference in accordance with the provisions of Rule 12b-23.
ITEM 9.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
None
ITEM 10
ITEM 10 - 13. PART III
The information required by these items will be included in a definitive proxy statement pursuant to Regulation 14A filed with the Commission not later than 120 days after the close of the fiscal year covered by this Report.
PART IV
ITEM 14.
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K
(a)(1) Financial Statements:
Consolidated Balance Sheets as of December 30, 1995 and December 31, 1994 and the related Consolidated Statements of Operations, Stockholders' Equity and Cash Flows for each of the three fiscal years in the period ended December 30, 1995, Notes to Consolidated Financial Statements and Independent Auditors' Report commencing on page 1 and ending on page 23 of the Registrant's Annual Report to Shareholders for the fiscal year ended December 30, 1995 are incorporated herein by reference. With the exception of the pages referred to in the preceding sentence and other information specifically incorporated by reference in this Form 10-K, the Registrant's Annual Report to Shareholders for the fiscal year ended December 31, 1994 is not deemed filed as a part of this Report.
(2) Financial Statement Schedules:
Independent Auditors' Report on Schedules II Valuation and Qualifying Accounts for the Fiscal Years Ended December 30, 1995, December 31, 1994 and December 25, 1993. Financial statements and schedules not listed above are omitted because of the absence of the conditions under which they are required or because the information, if material, is set forth in the consolidated financial statements or the notes thereto.
(3) The following Exhibits are filed as part of this Report:
Form 10-K Exhibit Number ------
13 Annual Report to Shareholders for the Fiscal Year Ended December 30, 1995 (parts not incorporated by reference are furnished for information purposes only and are not filed herewith).
22 Subsidiaries of the Registrant.
27 Financial Data Schedule
(b) No reports on Form 8-K were filed during the three months ended December 30, 1995.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
FOR BETTER LIVING, INC. (Registrant)
Date: March 15, 1996 By: KARL M. STOCKBRIDGE ------------------- Karl M. Stockbridge Executive Vice President and Chief Financial Officer (Principal Financial Officer)
INDEPENDENT AUDITORS' REPORT ON SCHEDULE
To the Stockholders and Board of Directors of For Better Living, Inc.:
We have audited the consolidated financial statements of For Better Living, Inc. and subsidiaries as of December 30, 1995 and December 31, 1994, and for each of the three fiscal years in the period ended December 30, 1995, and have issued our report thereon dated March 15, 1996; such financial statements and report are included in your 1995 Annual Report to Shareholders and are incorporated herein by reference. Our audits also included the consolidated financial statement schedule of For Better Living, Inc. and subsidiaries, listed in Item 14. This financial statement schedule is the responsibility of the Company's management. Our responsibility is to express an opinion based on our audits. In our opinion, such consolidated financial statement schedule, when considered in relation to the basic consolidated financial statements taken as a whole, presents fairly, in all material respects, the information set forth therein.
Deloitte & Touche LLP Costa Mesa, California March 15, 1996
Schedule II FOR BETTER LIVING, INC. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS FOR THE YEARS ENDED DECEMBER 30, 1995, DECEMBER 31, 1994 AND DECEMBER 25, 1993 - -------------------------------------------------------------------------------- (In thousands)
1995 1994 1993 ALLOWANCE FOR DOUBTFUL ACCOUNTS: Balance at beginning of fiscal year $ 841 $ 570 $ 838 Provision charged to income 230 424 159 Uncollectible receivables written off, net of recoveries (324) (153) (427) ----- ----- -----
Balance at end of fiscal year $ 747 $ 841 $ 570 ----- ----- -----