06 601 brooks avenue south thief river falls mn 56701 www arcticcat com 2006 annual report corporate profile arctic cat inc based in minnesota designs engineers manufacturers and markets snow mobiles all terrain vehicles atvs under the brand name as well related parts garments accessories its products through a network of independent dealers located throughout united states canada europe distributors representing middle east asia other international company trades on nasdaq national market symbol acat for more information please visit s website at financial highlights thousands except per share amounts years ended march 31 2005 2004 income statement data net sales 732 794 689 145 649 617 operating profit 32 735 40 035 43 661 earnings 23 746 28 299 30 365 diluted 1 20 36 average shares outstanding 19 828 21 730 margin 3 2 4 7 total assets 311 236 291 733 280 586 long term debt 0 shareholder