1998 Annual Report Consolidated Balance Sheet

Consolidated Balance Sheets

(dollars in thousands)	August 29, 1998	August 30, 1997
Assets
Current assets
Cash and cash equivalents	$ 53,859	$ 32,130
Receivables, less allowance for doubtful accounts($1,582 and $1,429, respectively)	22,025	31,322
Dealer financing receivables, less allowance for doubtful accounts ($78 and $155, respectively)	12,782	13,336
Inventories	55,433	53,584
Prepaid expenses	3,516	5,872
Deferred income taxes	6,906	4,917
Total current assets	154,521	141,161
Property and equipment, at cost
Land	1,158	1,167
Buildings	38,779	42,455
Machinery and equipment	69,095	66,142
Transportation equipment	5,047	5,004
	114,079	114,768
Less accumulated depreciation	81,167	81,175
Total property and equipment, net	32,912	33,593
Long-term notes receivable, less allowances($973 and $1,465, respectively)	5,396	5,692
Investment in life insurance	21,226	17,641
Deferred income taxes, net	16,071	14,900
Other assets	486	488
Total assets	$ 230,612	$ 213,475

See notes to consolidated financial statements.

(dollars in thousands)	August 29, 1998	August 30, 1997
Liabilities and Stockholders' Equity
Current liabilities
Current maturities of long-term debt	$ ---	$ 695
Accounts payable, trade	24,461	20,471
Income taxes payable	12,623	---
Accrued expenses:
Insurance	3,566	2,687
Product warranties	5,260	3,329
Vacation liability	3,343	3,012
Promotional	2,236	2,508
Other	11,113	8,524
Total current liabilities	62,602	41,226
Postretirement health care and deferred compensation benefits	51,487	48,367
Contingent liabilities and commitments
Stockholders' equity
Capital stock common, par value $.50; authorized 60,000,000 shares, outstanding 25,865,000 and 25,854,000 shares, respectively	12,932	12,927
Additional paid-in capital	22,507	23,109
Reinvested earnings	111,665	92,179
	147,104	128,215
Less treasury stock, at cost	30,581	4,333
Total stockholders' equity	116,523	123,882
Total liabilities and stockholders' equity	$ 230,612	$ 213,475