SUPREME INDUSTRIES INC

CIK:0000350846|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jun. 25, 2016	Jul. 01, 2017	Jun. 25, 2016
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net sales	$ 95,465,787	$ 92,871,671	$ 164,140,486	$ 162,321,574
Cost of sales	76,362,685	70,459,366	132,041,607	124,748,612
Gross profit	19,103,102	22,412,305	32,098,879	37,572,962
Selling, general and administrative expenses	10,075,201	9,957,880	20,126,673	19,372,831
Other (income) expense	59,265	(20,940)	(10,215)	(57,416)
Operating income	8,968,636	12,475,365	11,982,421	18,257,547
Interest (income) expense	233,482	(36,701)	478,885	146,128
Income before income taxes	8,735,154	12,512,066	11,503,536	18,111,419
Income tax expense	2,433,274	4,215,894	3,338,671	6,055,894
Net income	6,301,880	8,296,172	8,164,865	12,055,525
Other comprehensive income, net of tax	10,522	34,778	31,790	66,868
Comprehensive income	$ 6,312,402	$ 8,330,950	$ 8,196,655	$ 12,122,393
Income per share:
Basic (in dollars per share)	$ 0.37	$ 0.49	$ 0.48	$ 0.71
Diluted (in dollars per share)	$ 0.37	$ 0.48	$ 0.48	$ 0.70
Shares used in the computation of income per share:
Basic (in shares)	17,155,898	16,945,141	17,127,502	16,891,693
Diluted (in shares)	17,157,871	17,222,811	17,129,475	17,185,031

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jul. 01, 2017	Jun. 25, 2016
Cash flows from operating activities:
Net Income	$ 8,164,865	$ 12,055,525
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	1,678,306	1,735,341
Deferred income taxes	(170,823)	(199,994)
Stock-based compensation expense	640,917	473,220
Loss on sale of property, plant and equipment, net	151,559	27,347
Changes in operating assets and liabilities	(15,205,030)	(15,545,046)
Net cash used in operating activities	(4,740,206)	(1,453,607)
Cash flows from investing activities:
Additions to property, plant and equipment	(1,622,234)	(1,332,440)
Proceeds from sale of property, plant and equipment	4,231,340	300
Purchases of investments	(1,120,828)	(40,348)
Net cash provided by (used in) investing activities	1,488,278	(1,372,488)
Cash flows from financing activities:
Repayments of revolving line of credit and other long-term debt	(333,336)	(333,334)
Payment of cash dividends	(6,324,928)	(6,168,514)
Treasury stock purchased	(522,687)	(269,177)
Proceeds from exercise of stock options	37,910	70,826
Net cash used in financing activities	(7,143,041)	(6,700,199)
Change in cash and cash equivalents	(10,394,969)	(9,526,294)
Cash and cash equivalents, beginning of period	35,222,620	17,247,891
Cash and cash equivalents, end of period	$ 24,827,651	$ 7,721,597

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jul. 01, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 24,827,651	$ 35,222,620
Investments	4,152,226	3,003,002
Accounts receivable, net	33,445,865	20,106,253
Inventories	30,691,847	24,245,322
Other current assets	4,931,456	5,644,154
Total current assets	98,049,045	88,221,351
Property, plant and equipment, net	41,481,422	45,747,933
Total assets	139,530,467	133,969,284
Current liabilities:
Current maturities of long-term debt	7,014,229	7,195,105
Trade accounts payable	10,936,923	6,803,769
Other accrued liabilities	10,685,014	16,057,283
Total current liabilities	28,636,166	30,056,157
Deferred income taxes	2,010,954	2,181,778
Total liabilities	30,647,120	32,237,935
Stockholders' equity	108,883,347	101,731,349
Total liabilities and stockholders' equity	$ 139,530,467	$ 133,969,284