CONSOLIDATED BALANCE SHEETS
(Amounts in thousands, except share data)

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  April 29,
2007
  April 30,
2006
ASSETS
Cash    $ 52,128         $ 123,141     
Marketable investments   24,161     22,768  
Receivables   123,535     154,493  
Inventories   174,910     177,832  
Deferred taxes   7,847     14,374  
Other current assets   11,256     16,851  
   Total current assets   393,837     509,459  
Property, plant and equipment, net   192,229     217,458  
Deferred taxes   46,488     54,682  
Cash value of company-owned life insurance   22,956     29,938  
Goodwill   6,316     6,316  
Other assets   41,345     44,182  
Total assets $ 703,171   $ 862,035  
 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable $ 52,226   $ 65,333  
Employee compensation and benefits   50,766     53,267  
Federal and state income taxes   2,961     2,217  
Product warranty reserves   45,926     45,488  
Insurance reserves   18,629     17,531  
Other short-term borrowings   7,314     7,476  
Accrued interest   7,526     7,197  
Other current liabilities   69,970     67,728  
   Total current liabilities   255,318     266,237  
Deferred compensation and retirement benefits   28,237     33,609  
Product warranty reserves   23,253     21,635  
Insurance reserves   34,560     36,268  
Convertible senior subordinated debentures   100,000     100,000  
Convertible subordinated debentures   160,142     210,142  
Other long-term debt   17,508     23,199  
Total liabilities   619,018     691,090  
Commitments and contingencies
Shareholders’ equity:
   Preferred stock, $1 par value, authorized 10,000,000 shares, none
      outstanding
       
   Common stock, $1 par value, authorized 150,000,000 shares, outstanding
      64,111,000 shares at April 29, 2007, and 63,878,000 at April 30, 2006
  64,111     63,878  
   Additional paid-in capital   493,174     488,906  
   Accumulated deficit   (475,194   (385,233
   Accumulated other comprehensive income   2,062     3,394  
    84,153     170,945  
  $ 703,171   $ 862,035  

See accompanying notes to consolidated financial statements.