|
|
| FISCAL YEARS ENDED APRIL |
 |
|
 |
| (AMOUNTS IN THOUSANDS, EXCEPT PER-SHARE DATA) |
|
|
2004 |
|
|
|
2003 |
|
|
2002 |
|
 |
|
|
 |
| Net sales: |
|
|
|
|
|
|
| RV Group |
|
$ |
1,779,233 |
|
|
$ |
1,482,595 |
|
$ |
1,212,904 |
|
| Housing Group |
|
|
782,758 |
|
|
|
796,260 |
|
|
1,033,109 |
|
| Supply Group |
|
|
41,120 |
|
|
|
37,178 |
|
|
34,032 |
|
| Financial Services |
|
|
4,877 |
|
|
|
2,260 |
|
|
402 |
|
|
| |
|
|
2,607,988 |
|
|
|
2,318,293 |
|
|
2,280,447 |
|
| Cost of products sold |
|
|
2,137,777 |
|
|
|
1,892,636 |
|
|
1,842,358 |
|
|
| Gross profit |
|
|
470,211 |
|
|
|
425,657 |
|
|
438,089 |
|
| Operating expenses |
|
|
426,984 |
|
|
|
449,514 |
|
|
508,360 |
|
| Financial services expenses |
|
|
6,504 |
|
|
|
4,349 |
|
|
367 |
|
| Other, net |
|
|
(4,607 |
) |
|
|
(1,775 |
) |
|
19,765 |
|
|
| |
|
|
428,881 |
|
|
|
452,088 |
|
|
528,492 |
|
|
| Operating income (loss) |
|
|
41,330 |
|
|
|
(26,431 |
) |
|
(90,403 |
) |
| Other income (expense): |
|
|
|
|
|
| Investment income |
|
|
2,663 |
|
|
|
3,580 |
|
|
4,031 |
|
| Interest expense |
|
|
(45,375 |
) |
|
|
(43,386 |
) |
|
(38,712 |
) |
| Other, net |
|
|
(2,430 |
) |
|
|
— |
|
|
(830 |
) |
|
| |
|
|
(45,142 |
) |
|
|
(39,806 |
) |
|
(35,511 |
) |
|
|
| Loss before income taxes and cumulative effect of accounting change |
|
|
(3,812 |
) |
|
|
(66,237 |
) |
|
(125,914 |
) |
| Benefit (provision) for income taxes |
|
|
(18,449 |
) |
|
|
(4,502 |
) |
|
44,621 |
|
|
| Loss before cumulative effect of accounting change |
|
|
(22,261 |
) |
|
|
(70,739 |
) |
|
(81,293 |
) |
| Cumulative effect of accounting change, net of income taxes |
|
|
— |
|
|
|
— |
|
|
(80,635 |
) |
|
| Net loss |
|
$ |
(22,261 |
) |
|
$ |
(70,739 |
) |
$ |
(161,928 |
) |
|
Net loss attributable to common shareholders, diluted |
|
$ |
(22,261 |
) |
|
$ |
(70,739 |
) |
$ |
(132,525 |
) |
|
|
 |
|
 |
|
|
|
|
| |
|
2004 |
|
2003 |
2002 |
| FISCAL YEARS ENDED APRIL |
|
Basic |
Diluted |
|
Basic |
Diluted |
Basic |
Diluted |
|
|
|
|
| Loss per common share: |
|
|
|
|
|
|
|
|
| Loss before cumulative effect of accounting change |
|
$ |
(.58 |
) |
$ |
(.58 |
) |
|
$ |
(1.97 |
) |
$ |
(1.97 |
) |
$ |
(1.53 |
) |
$ |
(1.53 |
) |
| Cumulative effect of accounting change, net of income taxes |
|
|
— |
|
|
— |
|
|
|
— |
|
|
— |
|
|
(2.37 |
) |
|
(2.37 |
) |
|
|
| Net loss per common share |
|
$ |
(.58 |
) |
$ |
(.58 |
) |
|
$ |
(1.97 |
) |
$ |
(1.97 |
) |
$ |
(3.90 |
) |
$ |
(3.90 |
) |
|
| Weighted average common shares |
|
|
38,357 |
|
|
38,357 |
|
|
|
35,869 |
|
|
35,869 |
|
|
33,942 |
|
|
33,942 |
|
|
|
|
|
|
See accompanying notes to consolidated financial statements. |
|
|
|
