Home
Jump to Risk Factors
Jump to Industries
Jump to Exposures
Jump to Event Codes
Jump to Wiki Summary

Industries
Automobile Manufacturers
Motorcycle Manufacturers
Human Resource and Employment Services
Exposures
Economic
Regime
Military
Express intent
Event Codes
Accident
Solicit support
Yield to order
Endorse
Force
Promise
Wiki Wiki Summary
Available-to-promise Available-to-promise (ATP) is a business function that provides a response to customer order inquiries, based on resource availability.\n It generates available quantities of the requested product, and delivery due dates.
Redlining In the United States, redlining is a discriminatory practice in which services (financial and otherwise) are withheld from potential customers who reside in neighborhoods classified as 'hazardous' to investment; these neighborhoods have significant numbers of racial and ethnic minorities, and low-income residents. While the most well-known examples involve denial of credit and insurance, denial of healthcare and the development of food deserts in minority neighborhoods have also been attributed to redlining in many instances.
Commercial property Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and garages.
Holocene The Holocene ( HOL-ə-seen, HOL-oh-, HOH-lə-, HOH-loh-) is the current geological epoch. It began approximately 11,650 cal years before present (c. 9700 BCE), after the Last Glacial Period, which concluded with the Holocene glacial retreat.
Decentralized finance Decentralized finance (DeFi) offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks by using smart contracts on a blockchain. DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on assets using derivatives, trade cryptocurrencies, insure against risks, and earn interest in savings-like accounts.
Venture capital financing Venture capital financing is a type of funding by venture capital. It is private equity capital that can be provided at various stages or funding rounds.
Smithsonian Institution The Smithsonian Institution ( smith-SOH-nee-ən), or simply the Smithsonian, is a group of museums and education and research centers, the largest such complex in the world, created by the U.S. Government "for the increase and diffusion of knowledge". Founded on August 10, 1846, it operates as a trust instrumentality and is not formally a part of any of the three branches of the federal government.
Kinsey Reports The Kinsey Reports are two scholarly books on human sexual behavior, Sexual Behavior in the Human Male (1948) and Sexual Behavior in the Human Female (1953), written by Alfred Kinsey, Wardell Pomeroy, Clyde Martin, and (for Sexual Behavior in the Human Female) Paul Gebhard and published by W.B. Saunders. The two best-selling books were immediately controversial, both within the scientific community and the general public, because they challenged conventional beliefs about sexuality and discussed subjects that had previously been taboo.
Amridge University Amridge University is a private university affiliated with the Churches of Christ with its main campus in Montgomery, Alabama. It was previously known as Alabama Christian School of Religion, Southern Christian University, and Regions University, and is a successor institution to Alabama Christian College.
Non-bank financial institution A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFC facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering.
Manufactured Housing Institute The Manufactured Housing Institute (MHI) is a U.S. trade organization representing companies and organizations that are involved in the production, sale and financing of manufactured housing, prefabricated home and modular home units.\nThe MHI hosts trade conferences, coordinates lobbying before the United States Congress and state legislatures on issues relating to manufactured housing, compiles and publishes data relating to industry sales and provides marketing and public relations support to raise the awareness of manufactured housing.The organization was created in 1975 and is headquartered in Arlington, Virginia.
Money Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.
Alternanthera philoxeroides Alternanthera philoxeroides, commonly referred to as alligator weed, is a native species to the temperate regions of South America, which includes Argentina, Brazil, Paraguay and Uruguay. Argentina alone hosts around 27 species that fall within the range of the genus Alternanthera.
Clayton Homes Clayton Homes (or Clayton) is the largest builder of manufactured housing and modular homes in the United States. It is owned by Warren Buffett's Berkshire Hathaway.Clayton Homes' corporate headquarters are in Maryville, Tennessee.
Sales variance Sales variance is the difference between actual sales and budgeted sales. It is used to measure the performance of a sales function, and/or analyze business results to better understand market conditions.
Tesla US dealership disputes The electric car company Tesla, Inc. has faced dealership disputes in several U.S. states as a result of local laws.
Product strategy Product strategy defines the high-level plan for developing and marketing a product, how the product supports the business strategy and goals, and is brought to life through product roadmaps. A product strategy describes a vision of the future with this product, the ideal customer profile and market to serve, go-to-market and positioning (marketing), thematic areas of investment, and measures of success.
South African insolvency law Insolvency in South African law refers to a status of diminished legal capacity (capitis diminutio) imposed by the courts on persons who are unable to pay their debts, or (which amounts to the same thing) whose liabilities exceed their assets. The insolvent's diminished legal capacity entails deprivation of certain of his important legal capacities and rights, in the interests of protecting other persons, primarily the general body of existing creditors, but also prospective creditors.
Massey Ferguson Massey Ferguson Limited is an American agricultural machinery manufacturer. The company was established in 1953 through the merger of farm equipment makers Massey-Harris of Canada and the Ferguson Company of the United Kingdom.
The Market for Lemons The Market for Lemons: Quality Uncertainty and the Market Mechanism is a widely-cited 1970 paper by economist George Akerlof which examines how the quality of goods traded in a market can degrade in the presence of information asymmetry between buyers and sellers, leaving only "lemons" behind. In American slang, a lemon is a car that is found to be defective after it has been bought.
Liebig's Extract of Meat Company Liebig's Extract of Meat Company, established in the United Kingdom, was the producer of LEMCO brand Liebig's Extract of Meat and the originator of Oxo meat extracts and Oxo beef stock cubes. It was named after Baron Justus von Liebig, the 19th-century German organic chemist who developed and promoted a method for industrial production of beef extract.
Liquidity adjustment facility Liquidity adjustment facility (LAF) is a monetary policy which allows banks to borrow money through repurchase agreements (REPO).\n\n\n== Description ==\nLAF is used to aid banks in adjusting the day to day mismatches in liquidity.
Collateralized debt obligation A collateralized debt obligation (CDO) is a type of structured asset-backed security (ABS). Originally developed as instruments for the corporate debt markets, after 2002 CDOs became vehicles for refinancing mortgage-backed securities (MBS).
Internal rate of return Internal rate of return (IRR) is a method of calculating an investment’s rate of return. The term internal refers to the fact that the calculation excludes external factors, such as the risk-free rate, inflation, the cost of capital, or financial risk.
Municipal council (India) In India, a Municipal Council (also known as Municipality, Nagar Palika, or Nagar Palika Parishad) is an Urban Local Body that administers a city of population 100,000 or more. However, there are exceptions to that, as previously Nagar Palikas constituted in urban centers with populations over 20,000, so all the urban body which were previously classified as Nagar Palikas even if their population was under 100,000.
Total depravity Total depravity (also called radical corruption or pervasive depravity) is a Protestant theological doctrine derived from the concept of original sin. It teaches that, as a consequence of man's fall, every person born into the world is enslaved to the service of sin as a result of their fallen nature and, apart from the efficacious (irresistible) or prevenient (enabling) grace of God, is completely unable to choose by themselves to follow God, refrain from evil, or accept the gift of salvation as it is offered.
Negative-index metamaterial Negative-index metamaterial or negative-index material (NIM) is a metamaterial whose refractive index for an electromagnetic wave has a negative value over some frequency range.NIMs are constructed of periodic basic parts called unit cells, which are usually significantly smaller than the wavelength of the externally applied electromagnetic radiation. The unit cells of the first experimentally investigated NIMs were constructed from circuit board material, or in other words, wires and dielectrics.
Corporate tax A corporate tax, also called corporation tax or company tax, is a direct tax imposed on the income or capital of corporations or analogous legal entities. Many countries impose such taxes at the national level, and a similar tax may be imposed at state or local levels.
Permanent employment Permanent employees work for an employer and are paid directly by that employer. Permanent employees do not have a predetermined end date to employment.
Legitimate expectation The doctrine of legitimate expectation was first developed in English law as a ground of judicial review in administrative law to protect a procedural or substantive interest when a public authority rescinds from a representation made to a person. It is based on the principles of natural justice and fairness, and seeks to prevent authorities from abusing power.
All-terrain vehicle An all-terrain vehicle (ATV), also known as a light utility vehicle (LUV), a quad bike, or simply a quad, as defined by the American National Standards Institute (ANSI); is a vehicle that travels on low-pressure tires, with a seat that is straddled by the operator, along with handlebars for steering control. As the name implies, it is designed to handle a wider variety of terrain than most other vehicles.
Transport Transport (in British English), or transportation (in American English), is the movement of humans, animals, and goods from one location to another. In other words, the action of transport is defined as a particular movement of an organism or thing from a point A (a place in space) to a point B. \nModes of transport include air, land (rail and road), water, cable, pipeline, and space.
Desi Des is a masculine given name, mostly a short form (hypocorism) of Desmond.
1930 German federal election Federal elections were held in Germany on 14 September 1930. Despite losing ten seats, the Social Democratic Party of Germany (SPD) remained the largest party in the Reichstag, winning 143 of the 577 seats, while the Nazi Party (NSDAP) dramatically increased its number of seats from 12 to 107.
The Fate of the World Depends on This Kiss The Fate of the World Depends on This Kiss is the second album from Whitehorse, a band consisting of Melissa McClelland and Luke Doucet. The album was released on August 28, 2012 in Canada by Six Shooter Records.The album was shortlisted for the 2013 Polaris Music Prize on June 13, 2013.
Risk Factors
SKYLINE CORP Item 1A Risk Factors
Investors or potential investors should carefully consider the risks described below
Additional risks of which the Corporation is presently unaware or that the Corporation considers immaterial may also impair business operations and hinder financial performance
Retail Financing Availability Customers who purchase the Corporation’s manufactured homes generally obtain retail financing from third party lenders
The availability, terms and cost of retail financing depend on the lending practices of financial institutions, governmental policies and economic and other conditions, all of which are beyond the Corporation’s control
A customer seeking to purchase a manufactured home without land will generally pay a higher interest rate and have a shorter loan maturity versus a customer financing the purchase of land and a home
This difference is due to most states classifying home-only manufactured housing loans as personal property rather than real property for purposes of taxation and lien perfection
5 _________________________________________________________________ [54]Table of Contents In recent years many lenders of home-only financing have tightened credit underwriting standards, with some deciding to exit the industry
These actions resulted in decreased availability of retail financing, causing a negative effect on sales and operating results
If retail financing were to be further curtailed, sales, operating results and cash flows could be adversely affected
Wholesale Financing Availability Independent dealers of the Corporation’s products generally finance their inventory purchases with wholesale floor plan financing provided by lending institutions
A dealer’s ability to obtain financing is significantly affected by the number of lending institutions offering floor planning, and by an institution’s lending limits
In recent years the manufactured housing industry experienced a reduction in both the number of lenders offering floor planning, and the amount of money available for financing
These events could have a negative impact on a dealer’s ability to purchase manufactured housing products, resulting in lower sales, operating results and cash flows
Dependence on Independent Dealers The Corporation sells its manufactured homes and recreational vehicles to independent dealers
These dealers are not obligated to exclusively sell the Corporation’s products, and may choose to sell competitor’s products
In addition, a dealer may become financially insolvent and be forced to close its business
Both scenarios could have an adverse effect on sales, operating results and cash flows
Dealer Inventories As wholesale shipments of manufactured homes and recreational vehicles within each respective industry exceed retail sales, dealer inventories increase to a level where dealers decrease orders from manufacturers
As manufacturers respond to reduced demand, many either offer discounts to maintain production volumes or curtail production levels
Both outcomes could have a negative impact on sales, operating results and cash flows
Contingent Repurchase Agreements As referenced in Note 2 to the Notes to the Consolidated Financial Statements in Item 8, the Corporation is contingently liable under repurchase agreements with certain financial institutions providing inventory financing for retailers of its products
The Corporation could be required to fulfill some or all of the repurchase agreements, resulting in increased expense and reduced cash flows
Cost and Availability of Raw Materials Prices and availability of raw materials used to manufacture the Corporation’s products can change significantly due to fluctuations in supply and demand
The Corporation has historically been able to have an adequate supply of raw materials by maintaining good relations with its vendors
In addition, increased prices have historically been passed on to dealers by raising the price of manufactured homes and recreational vehicles
There is no certainty that the Corporation will be able to pass on future price increases and maintain adequate supply of raw materials
The inability to raise the price of its products and to maintain a proper supply of materials could have a negative impact on sales, operating results and cash flows
Competition As noted in Item 1, the manufactured housing and recreational vehicle industries are highly competitive with particular emphasis on price and features offered
Some of the Corporation’s competitors are vertically integrated by owning retail, consumer finance and insurance operations
This integration may provide competitors with an advantage
In addition, the Corporation’s manufactured homes compete with other forms of housing, such as site-built homes, apartments, and condominiums
The inability to effectively compete in this environment could result in lower sales, operating results and cash flows
6 _________________________________________________________________ [55]Table of Contents Cyclical and Seasonal Nature of Business The industries in which the corporation operates are highly cyclical, and are impacted by the following conditions: • Consumer confidence • Interest rates • Demographic and employment trends • Availability of used or repossessed homes or recreational vehicles • Impact of inflation • Increased global tensions Sales in both industries are also seasonal in nature with sales being weakest in the winter months
The cyclical nature and seasonal nature of the Corporation’s business causes sales, operating results and cash flows to fluctuate with the expectation of continued fluctuations in the future
Increased Fuel Prices The Corporation’s recreational vehicle products depend on the use of vehicles that operate on gasoline or diesel fuel
In the Corporation’s history there have been periods where the price of gasoline and diesel fuel dramatically increased
These increases resulted in greater cost associated with recreational vehicle travel
These events could occur in the future, possibly causing decreased sales, operating results and cash flows
Governmental Regulations As noted in Item 1, the Corporation is subject to various governmental regulations
Implementation of new regulations or amendments to existing regulations could significantly increase the cost of the Corporation’s products
In addition, failure to comply with present or future regulations could result in fines or potential civil or criminal liability
Both scenarios could negatively impact sales, operating results and cash flows
Dependence on Executive Officers and Other Key Personnel The Corporation depends on the efforts of its executive officers and certain key employees
The loss of the service of one or more of these individuals could have an adverse effect on the sales, operating results and cash flows of the Corporation