AMEX, BWL.A - Bowl Amer Inc Cl A
Bowl America Incorporated (herein referred to as the Company) was
incorporated in 1958. The Company commenced business with one bowling center
in 1958, and at the end of the past fiscal year, the Company and its wholly-
owned subsidiaries operated 19 bowling centers. The location in Falls Church,
Virginia, was closed in February 2007, due to damage from an ice storm.
Repairs are underway and the center is currently expected to reopen in the
second quarter of fiscal 2008.
(b) Financial Information about Industry Segments
The Company operates in one segment. Its principal source of
revenue consists of fees charged for the use of bowling lanes and other
facilities and from the sale of food and beverages for consumption on the
premises. Merchandise sales, including food and beverages, were approximately
28% of operating revenues. The balance of operating revenues (approximately
72%) represents fees for bowling and related services. ...
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