ACQUISITION OF SUPREME INDUSTRIES, INC. (Tables)

12 Months Ended

Dec. 31, 2017

The aggregate purchase price of $360.4 million was allocated to the opening balance sheet of Supreme at September 27, 2017, the date of acquisition, which is still preliminary and subject to adjustment as follows (in thousands):

Cash	$	36,878
Accounts receivable		25,146
Inventories		34,084
Prepaid expense and other		21,730
Property, plant, and equipment		59,891
Intangibles		161,200
Goodwill		169,235
Other assets		127
Total assets acquired	$	508,291

Current portion of long term debt	$	7,167
Accounts payable		10,546
Other accrued liabilites		55,350
Deferred income taxes		71,946
Long term liabilities		2,917
Total liabilities assumed	$	147,926

Net assets acquired	$	360,365

Acquisition, net of cash acquired	$	323,487

Intangible Assets

Intangible assets of $161.2 million were preliminarily recorded as a result of the acquisition and consist of the following (in thousands):

	Amount		Useful Life
Tradename	$	20,000	20 years
Customer relationships		139,000	15 years
Backlog		2,200	Less than 1 year
	$	161,200

Pro Forma Information

The following unaudited pro forma information is shown below as if the acquisition of Supreme had been completed as of the beginning of the earliest period presented (in thousands):

	Twelve Months Ended December 31,
	2017		2016
Sales	$	1,998,043	$	2,139,404
Net income	$	117,786	$	124,323