ACQUISITION OF SUPREME INDUSTRIES, INC. (Tables)

12 Months Ended

Dec. 31, 2018

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, as follows (in thousands):



	Acquisition Date
Cash	$	36,878
Accounts receivable	25,196
Inventories	33,471
Prepaid expense and other	23,916
Property, plant, and equipment	59,891
Intangible assets	161,200
Goodwill	167,714
Other assets	127
Total assets acquired	508,393
Current portion of long-term debt	7,167
Accounts payable	10,546
Other accrued liabilities	55,518
Deferred income taxes	71,880
Long-term liabilities	2,918
Total liabilities assumed	148,029
Net assets acquired	$	360,364

Acquisition, net of cash acquired	$	323,486

Intangible Assets

Intangible assets of $161.2 million were 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):



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