ACQUISITION OF SUPREME INDUSTRIES, INC. (Tables)

6 Months Ended

Jun. 30, 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):

Cash	$	36,878
Accounts receivable		25,196
Inventories		33,471
Prepaid expense and other		23,916
Property, plant, and equipment		59,891
Intangibles		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 liabilites		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 totaling $161.2 million were recorded as a result of the acquisition and consist of the following (in thousands):

Intangibles

	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):

	Three Months Ended ‎ June 30,		Six Months Ended ‎ June 30,
	2017		2017
Sales	$	530,280	$	957,839
Net income	$	25,159	$	43,652