/ CORRECTION - Winnebago Industries Reports Results for Third Quarter and First Nine Months of Fiscal Year 2009
/ CORRECTION - Winnebago Industries Reports Results for Third Quarter and First Nine Months of Fiscal Year 2009
June 18, 2009
FOREST CITY, IA, Jun 18, 2009 (MARKETWIRE via COMTEX) -- In the news release, "Winnebago Industries Reports Results for Third
Quarter and First Nine Months of Fiscal Year 2009," issued earlier
today by Winnebago Industries, Inc. (NYSE: WGO), we are advised by
the company that the date over the first column in the Unaudited
Consolidated Condensed Balance Sheets table should read "May 30,
2009" rather than "May 31, 2008" as originally issued. The corrected
table
follows.
Winnebago Industries, Inc.
Unaudited Consolidated Condensed Balance Sheets
(In thousands)
May 30, 2009 Aug. 30, 2008
------------- -------------
ASSETS
Current assets:
Cash and cash equivalents $ 41,308 $ 17,851
Short-term investments 400 3,100
Receivables, net 7,890 9,426
Inventories 53,230 110,596
Income taxes receivable 19,127 6,618
Prepaid and other 12,407 15,290
------------- -------------
Total current assets 134,362 162,881
Property and equipment, net 34,077 40,097
Long-term investments, less impairments 33,120 37,538
Deferred income taxes 28,660 26,862
Investment in life insurance 22,476 22,123
Other assets 13,156 15,954
Assets held for sale 2,276 - - -
------------- -------------
Total assets $ 268,127 $ 305,455
============= =============
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 9,806 $ 15,631
Short-term ARS borrowings 9,100 - - -
Income taxes payable 91 76
Accrued expenses 30,442 38,626
------------- -------------
Total current liabilities 49,439 54,333
Long-term liabilities:
Unrecognized tax benefits 9,031 9,469
Postretirement health care and deferred
compensation benefits, net of current
portion 64,767 67,729
------------- -------------
Total long-term liabilities 73,798 77,198
Stockholders' equity 144,890 173,924
------------- -------------
Total liabilities and stockholders' equity $ 268,127 $ 305,455
============= =============
Contact: Sheila Davis PR/IR Mgr. 641-585-6803 Email Contact
SOURCE: Winnebago Industries, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=8A921096B44960AB