$SKY
Champion Homes, Inc.

2019 Q3 Form 10-Q Financial Statement

#000156459019039143 Filed on October 31, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3
Revenue $354.5M $355.4M
YoY Change -0.28% 507.98%
Cost Of Revenue $280.4M $296.4M
YoY Change -5.41% 35.58%
Gross Profit $74.06M $59.00M
YoY Change 25.52% 42.76%
Gross Profit Margin 20.89% 16.6%
Selling, General & Admin $48.40M $128.1M
YoY Change -62.21% 361.29%
% of Gross Profit 65.36% 217.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.545M $2.800M
YoY Change 26.61% 38.75%
% of Gross Profit 4.79% 4.75%
Operating Expenses $48.40M $128.1M
YoY Change -62.21% 361.29%
Operating Profit $25.65M -$69.07M
YoY Change -137.14% -609.21%
Interest Expense -$400.0K $827.0K
YoY Change -148.37% -22.35%
% of Operating Profit -1.56%
Other Income/Expense, Net $0.00 -$1.300M
YoY Change -100.0%
Pretax Income $25.30M -$71.20M
YoY Change -135.53% -710.82%
Income Tax $7.500M $5.800M
% Of Pretax Income 29.64%
Net Earnings $17.75M -$77.03M
YoY Change -123.04% -1139.75%
Net Earnings / Revenue 5.01% -21.67%
Basic Earnings Per Share $0.31 -$1.42
Diluted Earnings Per Share $0.31 -$1.42
COMMON SHARES
Basic Shares Outstanding 56.48M 54.11M
Diluted Shares Outstanding 56.72M

Balance Sheet

Concept 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $154.7M $102.9M
YoY Change 50.34% 716.67%
Cash & Equivalents $154.7M $102.9M
Short-Term Investments
Other Short-Term Assets $16.07M $11.74M
YoY Change 36.91% 915.4%
Inventory $113.1M $113.1M
Prepaid Expenses
Receivables $56.19M $55.17M
Other Receivables $0.00 $0.00
Total Short-Term Assets $340.1M $282.9M
YoY Change 20.2% 623.16%
LONG-TERM ASSETS
Property, Plant & Equipment $111.4M $112.0M
YoY Change -0.47% 937.53%
Goodwill $173.5M $177.5M
YoY Change -2.25%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $29.26M $12.78M
YoY Change 128.86% 76.82%
Total Long-Term Assets $391.5M $382.5M
YoY Change 2.35% 2022.58%
TOTAL ASSETS
Total Short-Term Assets $340.1M $282.9M
Total Long-Term Assets $391.5M $382.5M
Total Assets $731.6M $665.4M
YoY Change 9.94% 1064.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $43.34M $46.02M
YoY Change -5.82% 1080.03%
Accrued Expenses $89.00M $79.70M
YoY Change 11.67% 721.65%
Deferred Revenue
YoY Change
Short-Term Debt $30.50M $29.90M
YoY Change 2.01%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $200.6M $195.7M
YoY Change 2.53% 972.05%
LONG-TERM LIABILITIES
Long-Term Debt $44.33M $59.33M
YoY Change -25.28% 1279.77%
Other Long-Term Liabilities $32.80M $20.50M
YoY Change 59.97% 169.79%
Total Long-Term Liabilities $44.33M $83.29M
YoY Change -46.78% 598.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $200.6M $195.7M
Total Long-Term Liabilities $44.33M $83.29M
Total Liabilities $281.4M $278.9M
YoY Change 0.88% 824.6%
SHAREHOLDERS EQUITY
Retained Earnings -$77.88M
YoY Change -189.34%
Common Stock $473.7M
YoY Change 8434.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $450.2M $386.5M
YoY Change
Total Liabilities & Shareholders Equity $731.6M $665.4M
YoY Change 9.95% 1064.47%

Cashflow Statement

Concept 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $17.75M -$77.03M
YoY Change -123.04% -1139.75%
Depreciation, Depletion And Amortization $3.545M $2.800M
YoY Change 26.61% 38.75%
Cash From Operating Activities $25.40M $24.70M
YoY Change 2.83% -1402.06%
INVESTING ACTIVITIES
Capital Expenditures -$4.900M -$2.700M
YoY Change 81.48% -168.22%
Acquisitions
YoY Change
Other Investing Activities $0.00 $100.0K
YoY Change -100.0% 1566.67%
Cash From Investing Activities -$4.900M -$2.500M
YoY Change 96.0% -29.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.100M -400.0K
YoY Change 2175.0% -121.02%
NET CHANGE
Cash From Operating Activities 25.40M 24.70M
Cash From Investing Activities -4.900M -2.500M
Cash From Financing Activities -9.100M -400.0K
Net Change In Cash 11.40M 21.80M
YoY Change -47.71% -863.57%
FREE CASH FLOW
Cash From Operating Activities $25.40M $24.70M
Capital Expenditures -$4.900M -$2.700M
Free Cash Flow $30.30M $27.40M
YoY Change 10.58% -567.98%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q1 us-gaap Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
34058000
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
46059000
CY2019Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
48936000
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
16677000
CY2019Q3 us-gaap Goodwill
Goodwill
173521000
CY2019Q1 us-gaap Goodwill
Goodwill
173406000
CY2019Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
29257000
CY2019Q1 us-gaap Assets
Assets
699954000
CY2019Q3 us-gaap Assets
Assets
731550000
CY2018Q3 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
5700000
CY2019Q3 us-gaap Depreciation
Depreciation
3545000
CY2019Q3 us-gaap Depreciation
Depreciation
3545000
CY2019Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
56194000
CY2019Q3 us-gaap Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
31218000
CY2019Q3 us-gaap Inventory Net
InventoryNet
113063000
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
111428000
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
108587000
CY2019Q1 us-gaap Other Assets Current
OtherAssetsCurrent
11369000
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
126634000
CY2019Q3 us-gaap Assets Current
AssetsCurrent
340067000
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Transition Report
DocumentTransitionReport
false
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
IN
CY2019Q1 us-gaap Inventory Net
InventoryNet
122638000
CY2019Q3 us-gaap Other Assets Current
OtherAssetsCurrent
16071000
dei Security Exchange Name
SecurityExchangeName
NYSE
CY2019Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
57649000
CY2019Q1 us-gaap Assets Current
AssetsCurrent
318290000
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
154739000
dei Security12b Title
Security12bTitle
Common Stock
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
10000000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
126634000
sky Proceeds From Payments For Changes In Floor Plan Financing
ProceedsFromPaymentsForChangesInFloorPlanFinancing
-2810000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9392000
CY2019Q3 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
us-gaap:OtherAssetsNoncurrent
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y1M6D
CY2019Q1 sky Floor Plan Payable
FloorPlanPayable
33321000
CY2019Q3 sky Floor Plan Payable
FloorPlanPayable
30511000
CY2019Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
43343000
us-gaap Net Income Loss
NetIncomeLoss
-77878000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-107000
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
386469000
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
132000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
46900000
sky Payments For Term Loans And Other Debt
PaymentsForTermLoansAndOtherDebt
46900000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1974000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
112000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2131000
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
65277000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-14829000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
168000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
28105000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
432168000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
17745000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2786000
CY2018Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-2659000
CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
588000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
153297000
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
65277000
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
285165000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
93927000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-2658000
CY2018Q2 sky Common Stock Closing Price
CommonStockClosingPrice
33.39
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P10Y
CY2019Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxAssets
27300000
CY2019Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities
20300000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
677697000
CY2018Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
723501000
us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
-77878000
CY2018Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-62769000
sky Members Capital Distribution
MembersCapitalDistribution
65300000
CY2019Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
50259000
CY2019Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
48531000
CY2019Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
13682000
CY2019Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
13973000
CY2019Q3 sky Inventory Finished Goods And Others
InventoryFinishedGoodsAndOthers
49122000
CY2019Q1 sky Inventory Finished Goods And Others
InventoryFinishedGoodsAndOthers
60134000
CY2019Q3 us-gaap Inventory Net
InventoryNet
113063000
CY2019Q1 us-gaap Inventory Net
InventoryNet
122638000
CY2019Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4000000.0
CY2019Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4100000
CY2018Q3 us-gaap Depreciation
Depreciation
2800000
us-gaap Depreciation
Depreciation
6700000
us-gaap Depreciation
Depreciation
5300000
CY2019Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
173993000
CY2019Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
164332000
CY2019Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
62565000
CY2019Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
55745000
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
111428000
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
108587000
CY2019Q3 us-gaap Goodwill
Goodwill
173500000
CY2019Q1 us-gaap Goodwill
Goodwill
173400000
CY2019Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
61866000
CY2019Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
61955000
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
15807000
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13019000
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
46059000
CY2019Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
48936000
CY2019Q3 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
43100000
CY2019Q3 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
9000000.0
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1300000
CY2018Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1200000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2700000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1700000
CY2019Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
19477000
CY2019Q3 sky Customer Deposits And Receipts In Excess Of Revenues
CustomerDepositsAndReceiptsInExcessOfRevenues
24953000
CY2019Q1 sky Customer Deposits And Receipts In Excess Of Revenues
CustomerDepositsAndReceiptsInExcessOfRevenues
28392000
CY2019Q3 us-gaap Accrued Exchange Fee Rebate Current
AccruedExchangeFeeRebateCurrent
19797000
CY2019Q1 us-gaap Accrued Exchange Fee Rebate Current
AccruedExchangeFeeRebateCurrent
21020000
CY2019Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
19477000
CY2019Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
17886000
CY2019Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
28708000
CY2019Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
32075000
CY2019Q3 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
16985000
CY2019Q1 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
16245000
CY2019Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
16826000
CY2019Q1 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
13943000
CY2019Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
126746000
CY2019Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
129561000
CY2019Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23990000
CY2018Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
21898000
CY2019Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23346000
CY2018Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
15430000
us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
6259000
CY2019Q3 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
7803000
CY2018Q3 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
9448000
us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
18333000
us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
16667000
CY2019Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
7356000
CY2018Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
8475000
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
17242000
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
15485000
CY2019Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
24437000
CY2018Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22871000
CY2019Q3 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
4960000
CY2019Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
24437000
CY2018Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22871000
CY2018Q3 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
5700000
CY2019Q3 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
4960000
CY2018Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
17171000
CY2019Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
19477000
CY2018Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
17171000
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
44330000
CY2019Q1 us-gaap Long Term Debt
LongTermDebt
54330000
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
44330000
CY2019Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
54330000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
354458000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
726346000
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
355436000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
677697000
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1470000
us-gaap Operating Lease Cost
OperatingLeaseCost
2875000
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
230000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
603000
CY2019Q3 us-gaap Lease Cost
LeaseCost
1700000
us-gaap Lease Cost
LeaseCost
3478000
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12712000
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4073000
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8639000
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
12712000
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-400000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.287
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.135
CY2019Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2500000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4151000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3086000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2232000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
909000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2213000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
15091000
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2379000
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
12712000
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.056
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1606000
us-gaap Operating Lease Payments
OperatingLeasePayments
2958000
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7500000
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5800000
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.298
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.082
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14200000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9300000
us-gaap Net Income Loss
NetIncomeLoss
-77878000
CY2019Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
65000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-77025000
us-gaap Net Income Loss
NetIncomeLoss
35125000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
154000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
34971000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-77878000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56424000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50747000
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
243000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
233000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56657000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50747000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.62
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.53
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.53
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
us-gaap Depreciation
Depreciation
6655000
us-gaap Depreciation
Depreciation
5275000
us-gaap Adjustment For Amortization
AdjustmentForAmortization
-2724000
us-gaap Adjustment For Amortization
AdjustmentForAmortization
-1683000
CY2019Q3 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
900000
CY2019Q1 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
1000000.0
CY2019Q3 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
700000
CY2018Q3 us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
157400000
us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
157400000
CY2019Q3 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
500000
us-gaap Guarantee Obligations Term
GuaranteeObligationsTerm
12 years

Files In Submission

Name View Source Status
0001564590-19-039143-index-headers.html Edgar Link pending
0001564590-19-039143-index.html Edgar Link pending
0001564590-19-039143.txt Edgar Link pending
0001564590-19-039143-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json 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
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.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-10q_20190928.htm Edgar Link pending
sky-10q_20190928_htm.xml Edgar Link completed
sky-20190928.xsd Edgar Link pending
sky-20190928_cal.xml Edgar Link unprocessable
sky-20190928_def.xml Edgar Link unprocessable
sky-20190928_lab.xml Edgar Link unprocessable
sky-20190928_pre.xml Edgar Link unprocessable
sky-ex311_6.htm Edgar Link pending
sky-ex312_7.htm Edgar Link pending
sky-ex32_8.htm Edgar Link pending