CAVALIER HOMES INC
8-K/A, 1998-03-17
MOBILE HOMES
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549




                                   FORM 8-K/A
                                 CURRENT REPORT



                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


                Date of Report (Date of Earliest Event Reported):
                                December 31, 1997


                              CAVALIER HOMES, INC.
             (Exact name of registrant as specified in its charter)


                                    Delaware
                 (State or other jurisdiction of incorporation)



              1-9792                                       63-0949734
      (Commission File No.)                    (IRS Employer Identification No.)



Highway 41 North and Cavalier Road
        Addison, Alabama                                     35540
     (Address of principal                                 (Zip Code)
       executive offices)

                                 (205) 747-0044
               (Registrant's telephone number including area code)


<PAGE>


Item 7. Financial Statements and Exhibits

         On  December  31,  1997,  Crimson   Acquisition  Corp.,  a  Mississippi
corporation  and wholly owned  subsidiary  of the Company,  merged with and into
Belmont Homes, Inc., a Mississippi corporation ("Belmont"), and Belmont became a
wholly owned  subsidiary of the Company (the  "Merger").  This Current Report on
Form 8-K/A amends the Current Report on Form 8-K filed by the Company on January
15,  1998, as amended by Current Report on  Form  8-K/A  filed by the Company on
March 16, 1998, and includes as an additional exhibit a restated  financial data
schedule as further specified below.

         
         (c)      Exhibits

Exhibit No.                         Description
- -----------                        -------------

27.1                Article 5 - Restated Financial  Data Schedule for Form 8-K/A
                    submitted as Exhibit 27.1 for EDGAR filing only.




<PAGE>



                                    SIGNATURE

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                                        CAVALIER HOMES, INC.


                                                  By:  /s/ Michael R. Murphy
                                                     ---------------------------
                                                           Michael R. Murphy
                                                          Principal Accounting 
                                                          and Financial Officer

Date: March 16, 1998






                            





<PAGE>


                                    Exhibits

Exhibit No.                                 Description
- -----------                                -------------

27.1                Article 5 - Restated Financial  Data Schedule for Form 8-K/A
                    submitted as Exhibit 27.1 for EDGAR filing only.




<PAGE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>                                          5
<MULTIPLIER>                                       1,000
       
<S>                                                <C>                <C>                 <C>
<PERIOD-TYPE>                                      YEAR               YEAR                YEAR
<FISCAL-YEAR-END>                                  DEC-31-1997        DEC-31-1996         DEC-31-1995
<PERIOD-END>                                       DEC-31-1997        DEC-31-1996         DEC-31-1995
<CASH>                                                   41276              37994               29777
<SECURITIES>                                                 0               1097                3583            
<RECEIVABLES>                                             8449              11361                9195     
<ALLOWANCES>                                              1175                837                 787
<INVENTORY>                                              29697              28172               16966   
<CURRENT-ASSETS>                                         89515              89582               67172    
<PP&E>                                                   71383              61902               41875
<DEPRECIATION>                                           17949              12048                8169
<TOTAL-ASSETS>                                          211554             196387              132694      
<CURRENT-LIABILITIES>                                    61031              64836               45015       
<BONDS>                                                      0                  0                   0  
                                        0                  0                   0  
                                                  0                  0                   0 
<COMMON>                                                  1994               1974                1830
<OTHER-SE>                                              131557             120678               73289
<TOTAL-LIABILITY-AND-EQUITY>                            211554             196387              132694
<SALES>                                                 555842             573838              420790
<TOTAL-REVENUES>                                        561188             577171              422554
<CGS>                                                   466749             482302              354811
<TOTAL-COSTS>                                           466749             482302              354811
<OTHER-EXPENSES>                                          7359                  0                   0
<LOSS-PROVISION>                                           669                389                 301                 
<INTEREST-EXPENSE>                                        1511                845                1333
<INCOME-PRETAX>                                          18339              44186               28798       
<INCOME-TAX>                                              8092              16707               11168
<INCOME-CONTINUING>                                      10247              27479               17630
<DISCONTINUED>                                               0                  0                   0
<EXTRAORDINARY>                                              0                  0                   0
<CHANGES>                                                    0                  0                   0
<NET-INCOME>                                             10247              27479               17630
<EPS-BASIC>                                                .52               1.42                1.06
<EPS-DILUTED>                                              .51               1.39                1.03
        


</TABLE>


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