$SKY
Champion Homes, Inc.

2014 Q2 Form 10-K Financial Statement

#000119312514318814 Filed on August 22, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2 2013 Q1
Revenue $46.04M $48.83M $36.99M
YoY Change -5.72% -3.3% 0.51%
Cost Of Revenue $43.20M $43.60M $36.52M
YoY Change -0.92% -7.63% -2.63%
Gross Profit $2.880M $5.259M $471.0K
YoY Change -45.24% 59.36% -167.29%
Gross Profit Margin 6.26% 10.77% 1.27%
Selling, General & Admin $4.800M $5.500M $5.861M
YoY Change -12.73% -3.51% -12.52%
% of Gross Profit 166.67% 104.58% 1244.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $400.0K $500.0K $500.0K
YoY Change -20.0% -16.67% -16.67%
% of Gross Profit 13.89% 9.51% 106.16%
Operating Expenses $4.700M $5.400M $5.861M
YoY Change -12.96% -5.26% -12.52%
Operating Profit -$1.820M -$141.0K -$5.390M
YoY Change 1190.78% -94.13% -27.16%
Interest Expense $0.00 $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.700M $0.00 -$5.365M
YoY Change -100.0% -27.5%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.560M $45.00K -$5.365M
YoY Change -5788.89% -102.65% -27.5%
Net Earnings / Revenue -5.56% 0.09% -14.51%
Basic Earnings Per Share -$0.30 $0.01 -$0.64
Diluted Earnings Per Share -$309.5K $0.00 -$642.9K
COMMON SHARES
Basic Shares Outstanding 8.391M shares 8.391B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q2 2013 Q2 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.000M $15.80M $15.70M
YoY Change -62.03% -45.52% -48.86%
Cash & Equivalents
Short-Term Investments $4.000M $6.000M
Other Short-Term Assets $542.0K $351.0K $3.800M
YoY Change 54.42% -87.9% 46.15%
Inventory $8.627M $8.732M $10.30M
Prepaid Expenses
Receivables $16.26M $13.47M $13.70M
Other Receivables $0.00 $0.00 $100.0K
Total Short-Term Assets $41.67M $41.64M $43.50M
YoY Change 0.08% -19.15% -19.74%
LONG-TERM ASSETS
Property, Plant & Equipment $14.04M $18.34M $19.00M
YoY Change -23.44% -13.48% -13.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.550M $6.317M $6.200M
YoY Change 3.69% 1.89% 3.33%
Total Long-Term Assets $24.08M $26.29M $26.90M
YoY Change -8.39% -4.05% -3.93%
TOTAL ASSETS
Total Short-Term Assets $41.67M $41.64M $43.50M
Total Long-Term Assets $24.08M $26.29M $26.90M
Total Assets $65.75M $67.93M $70.40M
YoY Change -3.2% -13.91% -14.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.100M $3.700M $3.600M
YoY Change -16.22% 12.12% 16.13%
Accrued Expenses $8.500M $8.300M $11.50M
YoY Change 2.41% -12.63% 3.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.25M $14.21M $16.80M
YoY Change 28.44% -3.35% 0.6%
LONG-TERM LIABILITIES
Long-Term Debt $6.300M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.400M $8.100M $8.000M
YoY Change -8.64% 1.25% 5.26%
Total Long-Term Liabilities $13.72M $8.069M $8.000M
YoY Change 70.03% 0.86% 5.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.25M $14.21M $16.80M
Total Long-Term Liabilities $13.72M $8.069M $8.000M
Total Liabilities $13.72M $8.069M $24.80M
YoY Change 70.03% -64.45% 2.06%
SHAREHOLDERS EQUITY
Retained Earnings $94.29M $106.2M $106.1M
YoY Change -11.18% -9.01%
Common Stock $5.240M $5.240M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $65.74M $65.74M
YoY Change 0.0%
Treasury Stock Shares 2.826M shares 2.826M shares
Shareholders Equity $33.79M $45.65M $45.60M
YoY Change
Total Liabilities & Shareholders Equity $65.75M $67.93M $70.40M
YoY Change -3.2% -13.91% -14.36%

Cashflow Statement

Concept 2014 Q2 2013 Q2 2013 Q1
OPERATING ACTIVITIES
Net Income -$2.560M $45.00K -$5.365M
YoY Change -5788.89% -102.65% -27.5%
Depreciation, Depletion And Amortization $400.0K $500.0K $500.0K
YoY Change -20.0% -16.67% -16.67%
Cash From Operating Activities -$8.500M -$200.0K -$8.000M
YoY Change 4150.0% -92.31% -3.61%
INVESTING ACTIVITIES
Capital Expenditures -$200.0K -$100.0K $0.00
YoY Change 100.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities $3.000M $2.400M $8.000M
YoY Change 25.0% -78.18% 100.0%
Cash From Investing Activities $2.900M $2.500M $8.000M
YoY Change 16.0% -77.06% 105.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.300M 0.000 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -8.500M -200.0K -8.000M
Cash From Investing Activities 2.900M 2.500M 8.000M
Cash From Financing Activities 6.300M 0.000 0.000
Net Change In Cash 700.0K 2.300M 0.000
YoY Change -69.57% -72.29% -100.0%
FREE CASH FLOW
Cash From Operating Activities -$8.500M -$200.0K -$8.000M
Capital Expenditures -$200.0K -$100.0K $0.00
Free Cash Flow -$8.300M -$100.0K -$8.000M
YoY Change 8200.0% -96.0% -3.61%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
8391244 shares
CY2013Q4 dei Entity Public Float
EntityPublicFloat
33377909
CY2012Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
116668000
CY2012Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5870000
CY2012Q2 us-gaap Cash
Cash
12011000
CY2013Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11217144 shares
CY2013Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
15000000 shares
CY2013Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
2825900 shares
CY2013Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0277
CY2013Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
60 Home
CY2013Q2 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
100000
CY2013Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3682000
CY2013Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
41642000
CY2013Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
56288000
CY2013Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
2200000
CY2013Q2 us-gaap Liabilities Current
LiabilitiesCurrent
14207000
CY2013Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
8069000
CY2013Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2013Q2 us-gaap Common Stock Value
CommonStockValue
312000
CY2013Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
106155000
CY2013Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
4928000
CY2013Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
2624000
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
45651000
CY2013Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2261000
CY2013Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
67927000
CY2013Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5882000
CY2013Q2 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
1965000
CY2013Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2013Q2 us-gaap Liabilities
Liabilities
8069000
CY2013Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
3675000
CY2013Q2 us-gaap Deferred Credits And Other Liabilities Noncurrent
DeferredCreditsAndOtherLiabilitiesNoncurrent
8069000
CY2013Q2 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
5869000
CY2013Q2 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
6231000
CY2013Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
5104000
CY2013Q2 us-gaap Land
Land
4597000
CY2013Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
47000
CY2013Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18342000
CY2013Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
600000
CY2013Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
41642000
CY2013Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
49462000
CY2013Q2 us-gaap Deferred Tax Assets Gross Current
DeferredTaxAssetsGrossCurrent
2621000
CY2013Q2 us-gaap Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
39021000
CY2013Q2 us-gaap Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
4000000
CY2013Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
765000
CY2013Q2 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
1631000
CY2013Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
26616000
CY2013Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
2252000
CY2013Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
74630000
CY2013Q2 us-gaap Security Deposit
SecurityDeposit
600000
CY2013Q2 us-gaap Assets
Assets
67927000
CY2013Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0
CY2013Q2 us-gaap Inventory Net
InventoryNet
8732000
CY2013Q2 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
71000000
CY2013Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
13472000
CY2013Q2 us-gaap Cash
Cash
11838000
CY2013Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
1205000
CY2013Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
2863000
CY2013Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
20571000
CY2013Q2 us-gaap Other Assets Current
OtherAssetsCurrent
351000
CY2013Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6317000
CY2013Q2 us-gaap Treasury Stock Value
TreasuryStockValue
65744000
CY2013Q2 us-gaap Assets Current
AssetsCurrent
41637000
CY2013Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
7380000
CY2013Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
638000
CY2013Q2 sky Operating Assets Net
OperatingAssetsNet
63927000
CY2013Q2 sky Deferred Tax Assets Accrued Vacation Current
DeferredTaxAssetsAccruedVacationCurrent
319000
CY2013Q2 sky Deferred Tax Non Current Others
DeferredTaxNonCurrentOthers
143000
CY2013Q2 sky Deferred Tax Assets Non Current Others
DeferredTaxAssetsNonCurrentOthers
-43000
CY2013Q2 sky Deferred Tax Assets Accrued Marketing Programs Current
DeferredTaxAssetsAccruedMarketingProgramsCurrent
55000
CY2013Q2 sky Deferred Workers Compensation Deposit
DeferredWorkersCompensationDeposit
2597000
CY2013Q2 sky Post Retirement Benefit Plans Insurance Contracts Amounts Recognized In Balance Sheet
PostRetirementBenefitPlansInsuranceContractsAmountsRecognizedInBalanceSheet
6309000
CY2013Q2 sky Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves Current
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReservesCurrent
1466000
CY2013Q2 sky Federal And State Income Tax Benefit
FederalAndStateIncomeTaxBenefit
0
CY2013Q2 sky Number Of Real Estate Properties Agreement To Sell To Second Dealer
NumberOfRealEstatePropertiesAgreementToSellToSecondDealer
60 Home
CY2013Q2 sky Deferred Tax Assets Depreciation
DeferredTaxAssetsDepreciation
735000
CY2013Q2 sky Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves Non Current
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReservesNonCurrent
876000
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11217144 shares
CY2014Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
15000000 shares
CY2014Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
2825900 shares
CY2014Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
391300 shares
CY2014Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0277
CY2014Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
60 Home
CY2014Q2 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
100000
CY2014Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3697000
CY2014Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
46203000
CY2014Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
53937000
CY2014Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
2000000
CY2014Q2 us-gaap Liabilities Current
LiabilitiesCurrent
18247000
CY2014Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
13720000
CY2014Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2014Q2 us-gaap Common Stock Value
CommonStockValue
312000
CY2014Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
94291000
CY2014Q2 us-gaap Loans Payable
LoansPayable
6334000
CY2014Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
4928000
CY2014Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
2674000
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
33787000
CY2014Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3881000
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.25
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8391244 shares
CY2013 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5191000
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
65754000
CY2014Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5697000
CY2014Q2 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
2856000
CY2014Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2014Q2 us-gaap Liabilities
Liabilities
13720000
CY2014Q2 sky Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves Current
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReservesCurrent
1464000
CY2014Q2 sky Federal And State Income Tax Benefit
FederalAndStateIncomeTaxBenefit
0
CY2014Q2 sky Deferred Tax Assets Depreciation
DeferredTaxAssetsDepreciation
854000
CY2014Q2 sky Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves Non Current
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReservesNonCurrent
792000
CY2013 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00 pure
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14039000
CY2014Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
5139000
CY2014Q2 us-gaap Deferred Credits And Other Liabilities Noncurrent
DeferredCreditsAndOtherLiabilitiesNoncurrent
7386000
CY2014Q2 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
5386000
CY2014Q2 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
6452000
CY2014Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
6797000
CY2014Q2 us-gaap Land
Land
3785000
CY2014Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
50000
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15953000
CY2014Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0
CY2014Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
46203000
CY2014Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
46101000
CY2014Q2 us-gaap Deferred Tax Assets Gross Current
DeferredTaxAssetsGrossCurrent
2835000
CY2014Q2 us-gaap Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
43368000
CY2014Q2 us-gaap Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
0
CY2014Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
611000
CY2014Q2 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
1581000
CY2014Q2 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
1631000
CY2014Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
30488000
CY2014Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
2061000
CY2014Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
69890000
CY2014Q2 us-gaap Assets
Assets
65754000
CY2014Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0
CY2014Q2 us-gaap Inventory Net
InventoryNet
11330000
CY2014Q2 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
63000000
CY2014Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
21029000
CY2014Q2 us-gaap Cash
Cash
6031000
CY2014Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
1345000
CY2014Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
3922000
CY2014Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
20004000
CY2014Q2 us-gaap Other Assets Current
OtherAssetsCurrent
542000
CY2014Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6550000
CY2014Q2 us-gaap Treasury Stock Value
TreasuryStockValue
65744000
CY2014Q2 us-gaap Assets Current
AssetsCurrent
41670000
CY2014Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
7860000
CY2014Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
650000
CY2014Q2 sky Operating Assets Net
OperatingAssetsNet
65754000
CY2014Q2 sky Deferred Tax Assets Accrued Vacation Current
DeferredTaxAssetsAccruedVacationCurrent
329000
CY2014Q2 sky Deferred Tax Non Current Others
DeferredTaxNonCurrentOthers
223000
CY2014Q2 sky Deferred Tax Assets Non Current Others
DeferredTaxAssetsNonCurrentOthers
-32000
CY2014Q2 sky Deferred Tax Assets Accrued Marketing Programs Current
DeferredTaxAssetsAccruedMarketingProgramsCurrent
169000
CY2014Q2 sky Deferred Workers Compensation Deposit
DeferredWorkersCompensationDeposit
2688000
CY2014Q2 sky Post Retirement Benefit Plans Insurance Contracts Amounts Recognized In Balance Sheet
PostRetirementBenefitPlansInsuranceContractsAmountsRecognizedInBalanceSheet
5856000
CY2013 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-10513000
CY2013 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
177574000
CY2013 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
45993000
CY2013 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
600000
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-150000
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
373000
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1641000
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-10577000
CY2013 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-3000
CY2013 us-gaap Gross Profit
GrossProfit
11463000
CY2013 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-105000
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
75000
CY2013 us-gaap Net Income Loss
NetIncomeLoss
-10513000
CY2013 us-gaap Investment Income Interest
InvestmentIncomeInterest
64000
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2273000
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
23681000
CY2013 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
166111000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-173000
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3574000
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
13866000
CY2013 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
22000
CY2013 us-gaap Depreciation
Depreciation
2002000
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
819000
CY2013 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-853000
CY2013 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
58988000
CY2013 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
75000
CY2013 us-gaap Customer Refundable Fees Refund Payments
CustomerRefundableFeesRefundPayments
5179000
CY2013 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0
CY2013 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
379000
CY2013 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-125000
CY2013 sky Effective Income Tax Rate Reconciliation Other Adjustments Amount
EffectiveIncomeTaxRateReconciliationOtherAdjustmentsAmount
-12000
CY2013 sky Post Retirement Benefit Plans Insurance Contracts Amounts Charged To Operations
PostRetirementBenefitPlansInsuranceContractsAmountsChargedToOperations
187000
CY2013 sky Effective Income Tax Rate Reconciliation New Energy Efficient Home Tax Credits Other Amount
EffectiveIncomeTaxRateReconciliationNewEnergyEfficientHomeTaxCreditsOtherAmount
91000
CY2013 sky Loss Contingency Obligation During Period
LossContingencyObligationDuringPeriod
31000
CY2013 sky Loss Contingency Obligation Number Of Units Repurchased During Period
LossContingencyObligationNumberOfUnitsRepurchasedDuringPeriod
3 Unit
CY2013 sky Sales Revenue Net Percentage
SalesRevenueNetPercentage
1.00 pure
CY2013 sky Increase Decrease In Deferred Workers Compensation Deposit
IncreaseDecreaseInDeferredWorkersCompensationDeposit
195000
CY2013 sky Effective Income Tax Rate Reconciliation State And Local Income Taxes Amount
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxesAmount
93000
CY2013 sky Post Retirement Benefit Plans Insurance Contracts Present Value Discounting Rate
PostRetirementBenefitPlansInsuranceContractsPresentValueDiscountingRate
0.040 pure
CY2013 sky Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance Amount
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowanceAmount
4189000
CY2013 sky Effective Income Tax Rate Reconciliation Aggregate Amount
EffectiveIncomeTaxRateReconciliationAggregateAmount
0
CY2013 sky Effective Income Tax Rate Reconciliation State Net Operating Loss Amount
EffectiveIncomeTaxRateReconciliationStateNetOperatingLossAmount
605000
CY2013 sky Note Receivable From Sale Of Property Plant And Equipment Non Cash Activity
NoteReceivableFromSaleOfPropertyPlantAndEquipmentNonCashActivity
1700000
CY2014 dei Document Type
DocumentType
10-K
CY2014 dei Entity Registrant Name
EntityRegistrantName
SKYLINE CORP
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2014 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2014 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00 pure
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-17596000
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> <i>Accounting Estimates &#x2014;</i> The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Key estimates would include accruals for warranty, workers&#x2019; compensation, marketing programs and health insurance as well as valuations for long-lived assets and deferred tax assets.</p> </div>
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-05-31
CY2014 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--05-31
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.41
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0000090896
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8391244 shares
CY2014 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5224000
CY2014 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
28999000
CY2014 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-600000
CY2014 us-gaap Gross Profit
GrossProfit
10287000
CY2014 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
191730000
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
191000
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2598000
CY2014 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
706000
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
-11893000
CY2014 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-1000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-11864000
CY2014 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-221000
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
753000
CY2014 us-gaap Net Income Loss
NetIncomeLoss
-11864000
CY2014 us-gaap Investment Income Interest
InvestmentIncomeInterest
100000
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7557000
CY2014 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2014 us-gaap Interest Expense
InterestExpense
71000
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
22886000
CY2014 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
181443000
CY2014 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-5807000
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4034000
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
5455000
CY2014 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
6334000
CY2014 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
47000
CY2014 us-gaap Depreciation
Depreciation
1716000
CY2014 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1941000
CY2014 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2576000
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6334000
CY2014 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
32998000
CY2014 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
753000
CY2014 us-gaap Customer Refundable Fees Refund Payments
CustomerRefundableFeesRefundPayments
5409000
CY2014 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0
CY2014 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1464000
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-946000
CY2014 sky Effective Income Tax Rate Reconciliation Other Adjustments Amount
EffectiveIncomeTaxRateReconciliationOtherAdjustmentsAmount
67000
CY2014 sky Effective Income Tax Rate Reconciliation New Energy Efficient Home Tax Credits Other Amount
EffectiveIncomeTaxRateReconciliationNewEnergyEfficientHomeTaxCreditsOtherAmount
137000
CY2014 sky Employee Retirement Or Disability Duration For Benefits Payable Under Arrangement
EmployeeRetirementOrDisabilityDurationForBenefitsPayableUnderArrangement
P10Y
CY2014 sky Loss Contingency Obligation During Period
LossContingencyObligationDuringPeriod
0
CY2014 sky Loss Contingency Obligation Number Of Units Repurchased During Period
LossContingencyObligationNumberOfUnitsRepurchasedDuringPeriod
0 Unit
CY2014 sky Sales Revenue Net Percentage
SalesRevenueNetPercentage
1.00 pure
CY2014 sky Increase Decrease In Deferred Workers Compensation Deposit
IncreaseDecreaseInDeferredWorkersCompensationDeposit
91000
CY2014 sky Effective Income Tax Rate Reconciliation State And Local Income Taxes Amount
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxesAmount
23000
CY2014 sky Proceeds From Life Insurance Policy Loans
ProceedsFromLifeInsurancePolicyLoans
6334000
CY2014 sky Deferred Tax Assets Operating Loss Carryforwards State Period Minimum
DeferredTaxAssetsOperatingLossCarryforwardsStatePeriodMinimum
P5Y
CY2014 sky Deferred Tax Assets Operating Loss Carryforwards State Period Maximum
DeferredTaxAssetsOperatingLossCarryforwardsStatePeriodMaximum
P20Y
CY2014 sky Post Retirement Benefit Plans Insurance Contracts Present Value Discounting Rate
PostRetirementBenefitPlansInsuranceContractsPresentValueDiscountingRate
0.045 pure
CY2014 sky Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance Amount
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowanceAmount
4561000
CY2014 sky Effective Income Tax Rate Reconciliation Aggregate Amount
EffectiveIncomeTaxRateReconciliationAggregateAmount
0
CY2014 sky Effective Income Tax Rate Reconciliation State Net Operating Loss Amount
EffectiveIncomeTaxRateReconciliationStateNetOperatingLossAmount
480000
CY2014 sky Post Retirement Benefit Plans Insurance Contracts Amounts Credited To Operations
PostRetirementBenefitPlansInsuranceContractsAmountsCreditedToOperations
152000
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.64
CY2013Q1 us-gaap Gross Profit
GrossProfit
471000
CY2013Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
36986000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
-5365000
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.68
CY2014Q1 us-gaap Gross Profit
GrossProfit
-146000
CY2014Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
38772000
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
-5712000
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
CY2012Q4 us-gaap Gross Profit
GrossProfit
2674000
CY2012Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
41836000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-1725000
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.27
CY2013Q4 us-gaap Gross Profit
GrossProfit
3221000
CY2013Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
46263000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
-2213000
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.41
CY2012Q3 us-gaap Gross Profit
GrossProfit
3059000
CY2012Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
49920000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-3468000
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2013Q3 us-gaap Gross Profit
GrossProfit
4329000
CY2013Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
48994000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-1379000
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2013Q2 us-gaap Gross Profit
GrossProfit
5259000
CY2013Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
48832000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
45000
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.30
CY2014Q2 us-gaap Gross Profit
GrossProfit
2883000
CY2014Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
57701000
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
-2560000

Files In Submission

Name View Source Status
0001193125-14-318814-index-headers.html Edgar Link pending
0001193125-14-318814-index.html Edgar Link pending
0001193125-14-318814.txt Edgar Link pending
0001193125-14-318814-xbrl.zip Edgar Link pending
d739695d10k.htm Edgar Link pending
d739695dex14.htm Edgar Link pending
d739695dex21.htm Edgar Link pending
d739695dex311.htm Edgar Link pending
d739695dex312.htm Edgar Link pending
d739695dex32.htm Edgar Link pending
d739695dex3i.htm Edgar Link pending
d739695dex3ii.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
sky-20140531.xml Edgar Link completed
sky-20140531.xsd Edgar Link pending
sky-20140531_cal.xml Edgar Link unprocessable
sky-20140531_def.xml Edgar Link unprocessable
sky-20140531_lab.xml Edgar Link unprocessable
sky-20140531_pre.xml Edgar Link unprocessable