$SKY
Champion Homes, Inc.

2016 Q2 Form 10-Q Financial Statement

#000119312516541560 Filed on April 14, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2016 Q1 2015 Q1
Revenue $56.70M $47.70M $38.11M
YoY Change 14.3% 25.16% 26.32%
Cost Of Revenue $50.00M $42.89M $35.77M
YoY Change 13.64% 19.89% 21.71%
Gross Profit $6.600M $4.810M $2.338M
YoY Change 18.77% 105.73% 200.13%
Gross Profit Margin 11.64% 10.08% 6.14%
Selling, General & Admin $5.000M $5.246M $5.159M
YoY Change -13.79% 1.69% 2.97%
% of Gross Profit 75.76% 109.06% 220.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $300.0K $300.0K $300.0K
YoY Change 0.0% 0.0% -25.0%
% of Gross Profit 4.55% 6.24% 12.83%
Operating Expenses $5.000M $5.246M $5.159M
YoY Change -15.25% 1.69% 2.97%
Operating Profit $1.600M -$436.0K -$2.821M
YoY Change -566.47% -84.54% -28.24%
Interest Expense -$100.0K $78.00K $92.00K
YoY Change 0.0% -15.22%
% of Operating Profit -6.25%
Other Income/Expense, Net
YoY Change
Pretax Income $1.500M -$514.0K -$2.911M
YoY Change -1600.0% -82.34% -25.47%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $1.300M -$520.0K -$2.997M
YoY Change -750.0% -82.65% -47.53%
Net Earnings / Revenue 2.29% -1.09% -7.86%
Basic Earnings Per Share -$0.06 -$0.36
Diluted Earnings Per Share $154.8K -$0.06 -$357.1K
COMMON SHARES
Basic Shares Outstanding 8.391M shares 8.391M shares 8.391M shares
Diluted Shares Outstanding 8.391M shares

Balance Sheet

Concept 2016 Q2 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.700M $6.300M $4.900M
YoY Change 54.0% 28.57% -32.88%
Cash & Equivalents $84.86M
Short-Term Investments
Other Short-Term Assets $331.0K $424.0K $753.0K
YoY Change -25.95% -43.69% 96.61%
Inventory $11.38M $10.92M $9.307M
Prepaid Expenses
Receivables $15.15M $12.74M $13.09M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $35.82M $32.09M $30.71M
YoY Change 13.42% 4.5% -16.39%
LONG-TERM ASSETS
Property, Plant & Equipment $11.65M $11.10M $13.26M
YoY Change 0.66% -16.29% -22.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.515M $7.325M $6.892M
YoY Change 3.1% 6.28% 7.89%
Total Long-Term Assets $19.16M $18.43M $20.16M
YoY Change 1.6% -8.57% -19.37%
TOTAL ASSETS
Total Short-Term Assets $35.82M $32.09M $30.71M
Total Long-Term Assets $19.16M $18.43M $20.16M
Total Assets $54.98M $50.52M $50.87M
YoY Change 9.0% -0.68% -17.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.900M $2.400M $1.600M
YoY Change 30.0% 50.0% -57.89%
Accrued Expenses $10.10M $9.900M $8.900M
YoY Change 7.45% 11.24% -11.0%
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 $18.03M $14.96M $13.79M
YoY Change 19.28% 8.47% -22.21%
LONG-TERM LIABILITIES
Long-Term Debt $4.300M $4.300M $6.300M
YoY Change 0.0% -31.75%
Other Long-Term Liabilities $7.500M $7.500M $7.200M
YoY Change -1.32% 4.17% -6.49%
Total Long-Term Liabilities $11.81M $11.78M $13.51M
YoY Change -1.13% -12.74% 76.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.03M $14.96M $13.79M
Total Long-Term Liabilities $11.81M $11.78M $13.51M
Total Liabilities $29.85M $26.74M $27.29M
YoY Change 10.27% -2.03% 7.52%
SHAREHOLDERS EQUITY
Retained Earnings $85.56M $84.23M $84.08M
YoY Change 2.0% 0.18% -13.19%
Common Stock $5.322M $5.297M $5.240M
YoY Change 1.56% 1.09% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $65.74M $65.74M $65.74M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 2.826M shares 2.826M shares 2.826M shares
Shareholders Equity $89.82M $23.78M $23.57M
YoY Change
Total Liabilities & Shareholders Equity $54.98M $50.52M $50.87M
YoY Change 9.0% -0.68% -17.6%

Cashflow Statement

Concept 2016 Q2 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $1.300M -$520.0K -$2.997M
YoY Change -750.0% -82.65% -47.53%
Depreciation, Depletion And Amortization $300.0K $300.0K $300.0K
YoY Change 0.0% 0.0% -25.0%
Cash From Operating Activities $2.300M -$500.0K -$1.400M
YoY Change 228.57% -64.29% -81.58%
INVESTING ACTIVITIES
Capital Expenditures -$800.0K -$100.0K $0.00
YoY Change 166.67% -100.0%
Acquisitions
YoY Change
Other Investing Activities -$100.0K $0.00 $1.600M
YoY Change -105.26% -100.0% -54.29%
Cash From Investing Activities -$800.0K -$100.0K $1.600M
YoY Change -147.06% -106.25% -51.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 2.300M -500.0K -1.400M
Cash From Investing Activities -800.0K -100.0K 1.600M
Cash From Financing Activities 0.000
Net Change In Cash 1.500M -600.0K 200.0K
YoY Change 1400.0% -400.0% -104.65%
FREE CASH FLOW
Cash From Operating Activities $2.300M -$500.0K -$1.400M
Capital Expenditures -$800.0K -$100.0K $0.00
Free Cash Flow $3.100M -$400.0K -$1.400M
YoY Change 210.0% -71.43% -81.33%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
8391244 shares
CY2015Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5722000
CY2015Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
2000000
CY2015Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3722000
CY2015Q1 us-gaap Cash
Cash
4933000
CY2016Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
2825900 shares
CY2016Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
15000000 shares
CY2016Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0277
CY2016Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11217144 shares
CY2016Q1 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
100000
CY2016Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
11784000
CY2016Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
4985000
CY2016Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2725000
CY2016Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
23782000
CY2016Q1 us-gaap Loans Payable
LoansPayable
4312000
CY2016Q1 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
2381000
CY2016Q1 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
2931000
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
84229000
CY2016Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
2164000
CY2016Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7155000
CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
50522000
CY2016Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
2400000
CY2016Q1 us-gaap Common Stock Value
CommonStockValue
312000
CY2016Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2016Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4755000
CY2016Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
44740000
CY2016Q1 us-gaap Liabilities Current
LiabilitiesCurrent
14956000
CY2016Q1 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
5072000
CY2016Q1 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
6736000
CY2016Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
6906000
CY2016Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
16223000
CY2016Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
49800000
CY2016Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
7325000
CY2016Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
434000
CY2016Q1 us-gaap Assets
Assets
50522000
CY2016Q1 us-gaap Cash
Cash
6260000
CY2016Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
8000000
CY2016Q1 us-gaap Inventory Net
InventoryNet
10923000
CY2016Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
12738000
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11103000
CY2016Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
7300000
CY2016Q1 us-gaap Treasury Stock Value
TreasuryStockValue
65744000
CY2016Q1 us-gaap Assets Current
AssetsCurrent
32094000
CY2016Q1 us-gaap Other Assets Current
OtherAssetsCurrent
424000
CY2016Q1 us-gaap Land
Land
2996000
CY2016Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
36624000
CY2016Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
944000
CY2016Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
34500000
CY2016Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
3073000
CY2016Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
55843000
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
169000
CY2016Q1 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
48000000
CY2016Q1 sky Deferred Workers Compensation Deposit
DeferredWorkersCompensationDeposit
1749000
CY2014Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5697000
CY2014Q2 us-gaap Cash
Cash
6031000
CY2015Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
2825900 shares
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
15000000 shares
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0277
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11217144 shares
CY2015Q2 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
100000
CY2015Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
11949000
CY2015Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
4928000
CY2015Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2652000
CY2015Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
536000
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
23373000
CY2015Q2 us-gaap Loans Payable
LoansPayable
4312000
CY2015Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
3033000
CY2015Q2 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
2356000
CY2015Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
2565000
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
83877000
CY2015Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
6911000
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
50439000
CY2015Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
2400000
CY2015Q2 us-gaap Common Stock Value
CommonStockValue
312000
CY2015Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2015Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4511000
CY2015Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
44039000
CY2015Q2 us-gaap Liabilities Current
LiabilitiesCurrent
15117000
CY2015Q2 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
5237000
CY2015Q2 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
6677000
CY2015Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
5828000
CY2015Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
16332000
CY2015Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
7289000
CY2015Q2 us-gaap Assets
Assets
50439000
CY2015Q2 us-gaap Cash
Cash
4995000
CY2015Q2 us-gaap Inventory Net
InventoryNet
9119000
CY2015Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
15288000
CY2015Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11569000
CY2015Q2 us-gaap Treasury Stock Value
TreasuryStockValue
65744000
CY2015Q2 us-gaap Assets Current
AssetsCurrent
31581000
CY2015Q2 us-gaap Other Assets Current
OtherAssetsCurrent
447000
CY2015Q2 us-gaap Land
Land
2996000
CY2015Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
36280000
CY2015Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
154000
CY2015Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
3137000
CY2015Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
55608000
CY2015Q2 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
60000000
CY2015Q2 sky Deferred Workers Compensation Deposit
DeferredWorkersCompensationDeposit
1732000
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.74
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5014000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8391244 shares
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.48
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.22
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
178000
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
9767000
us-gaap Net Income Loss
NetIncomeLoss
-10214000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
4932000
us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-5944000
us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax
-231000
us-gaap Operating Income Loss
OperatingIncomeLoss
-3810000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-928000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
211000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-6175000
us-gaap Gross Profit
GrossProfit
11537000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-7642000
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-6175000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4039000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
137380000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-132000
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
670000
us-gaap Investment Income Interest
InvestmentIncomeInterest
50000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-4039000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
125843000
us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
551000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1098000
us-gaap Interest Expense
InterestExpense
279000
us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
43000
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
1631000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1077000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-516000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-3382000
us-gaap Customer Refundable Fees Refund Payments
CustomerRefundableFeesRefundPayments
4907000
us-gaap Inventory Write Down
InventoryWriteDown
901000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
15347000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
3916000
us-gaap Discontinued Operation Tax Effect Of Income Loss From Discontinued Operation During Phase Out Period
DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod
0
us-gaap Depreciation
Depreciation
1034000
sky Proceeds From Sale Of Assets Of Discontinued Operation
ProceedsFromSaleOfAssetsOfDiscontinuedOperation
2331000
sky Loss Contingency Obligation During Period
LossContingencyObligationDuringPeriod
203000
sky Loss Contingency Obligation Number Of Units Repurchased During Period
LossContingencyObligationNumberOfUnitsRepurchasedDuringPeriod
11 Unit
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
dei Amendment Flag
AmendmentFlag
false
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0222 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P5Y
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000090896
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.558 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P9Y8M19D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.28
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--05-31
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1626000
dei Entity Registrant Name
EntityRegistrantName
SKYLINE CORP
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8391244 shares
dei Document Period End Date
DocumentPeriodEndDate
2016-02-29
dei Trading Symbol
TradingSymbol
SKY
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P4Y
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
312000
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
71000
us-gaap Net Income Loss
NetIncomeLoss
352000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5087000
us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
13000
us-gaap Operating Income Loss
OperatingIncomeLoss
575000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1804000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-23000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
13000
us-gaap Gross Profit
GrossProfit
16680000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2550000
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
13000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
339000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
155123000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
49000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
339000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Share Based Compensation
ShareBasedCompensation
57000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
138443000
us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
-17000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1265000
us-gaap Interest Expense
InterestExpense
236000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
491000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
16105000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-361000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-212000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-652000
us-gaap Customer Refundable Fees Refund Payments
CustomerRefundableFeesRefundPayments
4843000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
58000
us-gaap Discontinued Operation Tax Effect Of Income Loss From Discontinued Operation During Phase Out Period
DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod
0
us-gaap Depreciation
Depreciation
780000
sky Line Of Credit Facility Covenant Expected Net Income Loss
LineOfCreditFacilityCovenantExpectedNetIncomeLoss
500000
CY2016Q1 sky Line Of Credit Facility Covenant Expected Net Income Loss
LineOfCreditFacilityCovenantExpectedNetIncomeLoss
1000000
CY2015Q4 sky Line Of Credit Facility Covenant Expected Net Income Loss
LineOfCreditFacilityCovenantExpectedNetIncomeLoss
1500000
CY2016Q1 sky Line Of Credit Facility Covenant Expected Net Income Loss
LineOfCreditFacilityCovenantExpectedNetIncomeLoss
1000000
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8391244 shares
CY2015Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.35
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.36
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
52000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-2997000
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-86000
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-2821000
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-86000
CY2015Q1 us-gaap Gross Profit
GrossProfit
2338000
CY2015Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-86000
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2911000
CY2015Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
38109000
CY2015Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
2000
CY2015Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-2911000
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2015Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
35771000
CY2015Q1 us-gaap Interest Expense
InterestExpense
92000
CY2015Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5159000
CY2015Q1 us-gaap Discontinued Operation Tax Effect Of Income Loss From Discontinued Operation During Phase Out Period
DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod
0
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
25000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8391244 shares
CY2016Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.06
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2016Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
5000
CY2016Q1 us-gaap Gross Profit
GrossProfit
4810000
CY2016Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-6000
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-514000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-520000
CY2016Q1 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-6000
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-436000
CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-6000
CY2016Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
47697000
CY2016Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-514000
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
22000
CY2016Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
42887000
CY2016Q1 us-gaap Interest Expense
InterestExpense
78000
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5246000
CY2016Q1 us-gaap Discontinued Operation Tax Effect Of Income Loss From Discontinued Operation During Phase Out Period
DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod
0

Files In Submission

Name View Source Status
0001193125-16-541560-index-headers.html Edgar Link pending
0001193125-16-541560-index.html Edgar Link pending
0001193125-16-541560.txt Edgar Link pending
0001193125-16-541560-xbrl.zip Edgar Link pending
d163141d10q.htm Edgar Link pending
d163141dex311.htm Edgar Link pending
d163141dex312.htm Edgar Link pending
d163141dex32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
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
R4.htm Edgar Link pending
R5.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-20160229.xml Edgar Link completed
sky-20160229.xsd Edgar Link pending
sky-20160229_cal.xml Edgar Link unprocessable
sky-20160229_def.xml Edgar Link unprocessable
sky-20160229_lab.xml Edgar Link unprocessable
sky-20160229_pre.xml Edgar Link unprocessable