SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
Amendment No. 1
[x] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 28, 1997.
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Commission file number 1-10182
SCOTSMAN INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 36-3635892
(State of incorporation) (I.R.S. Employer Identification No.)
820 Forest Edge Drive, Vernon Hills, Illinois 60061
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (847) 215-4500
Securities registered pursuant to Section 12(b) of the Act:
Name of each exchange
Title of each class on which registered
------------------- ---------------------
Common stock, $0.10 par value New York Stock Exchange
Common stock purchase rights, New York Stock Exchange
no par value
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90
days.
Yes x No
--- ---
Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be
contained, to the best of registrant's knowledge, in definitive proxy<PAGE>
or information statements incorporated by reference in Part III of
this Form 10-K/A or any amendment to this Form 10-K/A. [ ]
At March 4, 1998 there were 10,576,597 shares of registrant's common
stock outstanding, and the aggregate market value of the voting stock
held by nonaffiliates of the registrant as of such date was
approximately $307.6 million.
DOCUMENTS INCORPORATED BY REFERENCE
Registrant's definitive Proxy Statement for its 1998 Annual Meeting of
Shareholders to be held on May 14, 1998 (the "1998 Proxy Statement"):
Part III.
<PAGE>
The registrant is filing this Form 10-K/A (Amendment No. 1) for the
sole purpose of adding additional exhibits to its Annual Report on
Form 10-K for the fiscal year ended December 28, 1997. The additional
exhibits consist of financial data schedules containing restated
earnings per share figures reflecting the adoption of Statement of
Financial Accounting Standards No. 128, "Earnings Per Share."
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this amendment to be signed on its
behalf by the undersigned thereunto duly authorized.
SCOTSMAN INDUSTRIES, INC.
Date: June 25, 1998 By: /s/ Donald D. Holmes
--------------------------
Donald D. Holmes
Vice President - Finance<PAGE>
<TABLE>
<CAPTION>
EXHIBIT INDEX
Exhibit Page Number
Number Description1 of Exhibit
<S> <C> <C>
2.1 Agreement and Plan of Merger, dated as of February 2, 1997, among the
Company, K Acquisition Corp., and Kysor Industrial Corporation
(incorporated herein by reference from Exhibit (c)(1) to the
Company's Tender Offer Statement on Schedule 14D-1, filed with the
Commission on February 7, 1997), as amended by the First Amendment to
Agreement and Plan of Merger, dated as of March 7, 1997 (incorporated
herein by reference to the Company's 8-K, dated March 8, 1997).
2.2 Asset Purchase Agreement dated as of February 2, 1997, among Kuhlman
Corporation, Transpro Group, Inc., Kysor Industrial Corporation, and
certain subsidiaries of Kysor Industrial Corporation (incorporated
herein by reference to Exhibit (c)(2) of the Company's Schedule 14D-1
filed with the Commission on February 7, 1997).
2.3 Agreement for the Sale, Purchase and Assignment of the Entire Share
Capital of Hartek Beverage Handling GmbH and Hartek Awagem
Vertriebsges, m.b.H., dated December 31, 1995, among Hartek Beverage
Handling B.V., Hartwall Bolagen AB, Scotsman Group Inc. and Scotsman
Industries, Inc. (incorporated herein by reference to the Company's
10-K for the fiscal year ended December 31, 1995).
2.4 Agreement and Plan of Merger, dated as of January 11, 1994, among
Scotsman Industries, Inc., Scotsman Acquisition Corporation, DFC
Holding Corporation, The Delfield Company, Onex Corporation, Onex DHC
LLC, Pacific Mutual Life Insurance Co., PM Group Life Insurance Co.,
EJJM, Matthew O. Diggs, Jr., Timothy C. Collins, W. Joseph Manifold,
Charles R. McCollom, Anita J. Moffatt Trust, Anita J. Moffatt, Remo
Panella, Teddy F. Reed, Robert L. Schafer, Graham E. Tillotson, John
A. Tilmann Trust, John A. Tilmann, Kevin E. McCrone, Michael P.
McCrone, Ronald A. Anderson and Continental Bank N.A. (incorporated
herein by reference to the Company's 8-K, dated January 13, 1994), as
amended by the First Amendment thereto, dated as of March 17, 1994
(incorporated herein by reference to the Company's 10-K for the
fiscal year ended January 2, 1994).
2.5 Share Acquisition Agreement, dated as of January 11, 1994, among
Scotsman Industries, Inc., Whitlenge Acquisition Limited, Whitlenge
Drink Equipment Limited, Timothy C. Collins, Graham F. Cook,
Christopher R.L. Wheeler, Michael de St. Paer and John Rushton
(incorporated herein by reference to the Company's 8-K, dated January
13, 1994), as amended by the First Amendment thereto, dated as of
March 17, 1994 (incorporated herein by reference to the Company's 10-
K for the fiscal year ended January 2, 1994).
3.1 Restated Certificate of Incorporation of the Company (incorporated
herein by reference to the Company's 10-K for the fiscal year ended
December 31, 1989).
3.2 By-Laws of the Company, as amended (incorporated herein by reference
to the Company's 8-K, dated June 21, 1991).<PAGE>
Exhibit Page Number
Number Description1 of Exhibit
4 Rights Agreement dated as of April 14, 1989 between Scotsman
Industries, Inc. and Harris Trust & Savings Bank (incorporated herein
by reference to the Company's 8-K, dated April 25, 1989), as amended
by Amendment No. 1 thereto, dated as of January 11, 1994
(incorporated herein by reference to Scotsman Industries, Inc.
Amendment No. 4 to General Form for Registration of Securities on
Form 10/A, as filed with the Commission on January 27, 1994),
Amendment 2 thereto, dated as of February 10, 1998 (incorporated
herein by reference to the Company's 8-K, dated February 10, 1998),
and Amendment 3 thereto, dated as of February 11, 1998 (incorporated
herein by reference to the Company's 8-K, dated February 10, 1998).
10.1 Reorganization and Distribution Agreement dated as of March 15, 1989,
by and among Household International, Inc., Eljer Industries, Inc.,
Schwitzer, Inc. and Scotsman Industries, Inc. (incorporated herein by
reference to the Company's 8-K, dated April 25, 1989).
10.2 Tax Sharing Agreement dated as of March 15, 1989 among Household
International, Inc., Eljer Industries, Inc., Schwitzer, Inc. and
Scotsman Industries, Inc. (incorporated herein by reference to the
Company's 8-K, dated April 25, 1989).
10.3 Benefits and Labor Agreement dated as of March 15, 1989 among
Household International, Inc., Eljer Industries, Inc., Schwitzer,
Inc. and Scotsman Industries, Inc. (incorporated herein by reference
to the Company's 10-K for the fiscal year ended December 31, 1989).
10.4 Credit Agreement dated March 12, 1997 (the "Credit Agreement"),
among Scotsman Group Inc. and the other parties named therein, as
Borrowers, the Lenders named therein, and The First National Bank of
Chicago, as Agent (incorporated herein by reference to the Company's
10-K for the fiscal year ended December 29, 1996), as amended by the
first amendment thereto, dated March 24, 1997, the second amendment
thereto dated June 30, 1997, and the third amendment thereto dated
December 15, 1997.
10.5 Domestic Guaranty, dated as of March 12, 1997, entered into by
Scotsman Industries, Inc., in favor of The First National Bank of
Chicago, as agent, and the lenders named in the Credit Agreement
(incorporated herein by reference to the Company's 10-Q for the
quarter ended March 30, 1997).
10.6 Domestic Guaranty, dated as of March 12, 1997, in the form separately
entered into by each of Scotsman Group Inc., Booth, Inc., DFC Holding
Corporation, The Delfield Company and Kysor Industrial Corporation,
in favor of The First National Bank of Chicago, as agent, and the
lenders named in the Credit Agreement (incorporated herein by
reference to the Company's 10-Q for the quarter ended March 30,
1997).<PAGE>
Exhibit Page Number
Number Description1 of Exhibit
10.7 Foreign Guaranty, dated as of March 12, 1997, in the form separately
entered into by each of Whitlenge Drink Equipment Limited, Scotsman
Drink Limited, Frimont S.p.A. and Castel MAC S.p.A., in favor of The
First National Bank of Chicago, as agent, and the lenders named in
the Credit Agreement (incorporated herein by reference to the
Company's 10-Q for the quarter ended March 30, 1997).
10.8 Stock Pledge Agreements, dated as of December 15, 1997, between each
of Scotsman Industries, Inc., Scotsman Group Inc., DFC Holding
Corporation and Kysor Industrial Corporation, and the First National
Bank of Chicago, as agent under the Credit Agreement.
10.9 Indenture, dated as of December 17, 1997, among Scotsman Industries,
Inc., Scotsman Group, Inc., and Harris Trust and Savings Bank,
together with the form of 8 5/8% Senior Subordinated Notes Due 2007
issued by Scotsman Group Inc. under the Indenture.
10.10 Promissory Note in the principal amount of $15,000,000, made as of
March 12, 1997 by Scotsman Group Inc. to Comerica Bank (incorporated
by reference to the Company's 10-K for the fiscal year ended December
29, 1996), together with the related Reaffirmation of Guaranty and
Consent, dated March 12, 1996, by Scotsman Industries, Inc. in favor
of Comerica Bank, Guaranty Agreement, dated June 30, 1996, by
Scotsman Industries, Inc. in favor of Comerica Bank (incorporated
herein to the Company's 10-Q, dated June 30, 1996) and Guaranty by
Booth, Inc., DFC Holding Corporation, The Delfield Company and Kysor
Industrial Corporation, dated March 12, 1997, in favor of Comerica
Bank (incorporated herein by reference to the Company's 10-K for the
fiscal year ended December 29, 1996).
10.11 Reimbursement Agreement, dated March 1, 1988, among Household
Manufacturing, Inc., King-Seeley Thermos Co. and the National
Westminster Bank PLC, as amended by the Amendments dated as of April
14, 1989, December 12, 1989, June 26, 1992, November 20, 1992, March
17, 1993, among Scotsman Group Inc., Scotsman Industries, Inc. and
The Bank of Nova Scotia (incorporated herein by reference to the
Company's 10-K for the fiscal year ended January 3, 1993), the
Amendment dated April 29, 1994 (incorporated herein by reference to
the Company's 10-Q for the quarter ended April 3, 1994) , Amendment
No. 7 thereto, dated March 12, 1997 (incorporated by reference to the
Company's 10-K for the fiscal year ended December 29, 1996), among
Scotsman Group Inc., Scotsman Industries, Inc., The Bank of Nova
Scotia and The First National Bank of Chicago.<PAGE>
Exhibit Page Number
Number Description1 of Exhibit
10.12 ISDA Master Agreement, dated as of March 3, 1994, including the
Schedule and Amended Confirmation (2) thereto, between The First
National Bank of Chicago and Scotsman Group Inc. (incorporated herein
by reference to the Company's 10-K for the fiscal year ended January
1, 1995), together with the related Confirmation of Interest Rate
Swap Transactions, dated March 17, 1997, in the notional amounts of
$100 million and $50 million, respectively (incorporated herein by
reference to the Company's 10-Q for the quarter ended March 30,
1997).
10.13 Long-Term Executive Incentive Compensation Plan of Scotsman
Industries, Inc., as amended February 10, 1998.
10.14 Scotsman Industries, Inc. Executive Incentive Compensation Program,
Plans AA, A-1 and A-2.
10.15 Scotsman Group Inc. Supplemental Tax Reduction Investment Plan, dated
as of April 14, 1989 (incorporated herein by reference to the
Company's 10-K for the fiscal year ended December 30, 1990).
10.16 Non-Employee Directors Stock Option Plan, effective as of August 11,
1994 (incorporated herein by reference to the Company's Registration
Statement on Form S-8, No. 33-59397).
10.17 Employment Agreement dated September 16, 1991 between Scotsman Group
Inc. and Richard C. Osborne (incorporated herein by reference to the
Company's 10-Q for the quarter ended September 29, 1991).
10.18 Employment Agreement dated September 16, 1991 between Scotsman Group
Inc. and Emanuele Lanzani (incorporated herein by reference to the
Company's 10-K for the fiscal year ended December 29, 1991).
10.19 Employment Agreement dated September 16, 1991 between Scotsman Group
Inc. and Donald D. Holmes (incorporated herein by reference to the
Company's 10-Q for the quarter ended September 29, 1991).
10.20 Employment Agreement dated October 17, 1996 between Scotsman Group
Inc. and Michael de St. Paer (incorporated herein by reference to the
Company's 10-K for the fiscal year ended December 29, 1996).
10.21 Service Agreement dated February 1, 1995, as amended by the Service
Agreement Addendum, dated January 31, 1997, between Hartek Beverage
Handling GmbH and Ludwig H. Klein (incorporated herein by reference
to the Company's 10-K for the fiscal year ended December 29, 1996),
and further amended by the letter agreement dated October 20, 1997,
from Richard C. Osborne to Ludwig H. Klein.
10.22 Executive Severance Agreement dated as of September 16, 1991 between
Richard C. Osborne and Scotsman Group Inc. (incorporated herein by
reference to the Company's 10-Q for the quarter ended September 29,
1991), as amended by Amendment No. 1 thereto, dated as of January 11,
1994 (incorporated herein by reference to the Company's 10-K for the
fiscal year ended January 2, 1994).<PAGE>
Exhibit Page Number
Number Description1 of Exhibit
10.23 Executive Severance Agreement dated as of September 16, 1991 between
Emanuele Lanzani and Frimont S.p.A. (incorporated herein by reference
to the Company's 10-K for the fiscal year ended December 29, 1991),
as amended by Amendment No. 1 thereto, dated as of January 11, 1994
(incorporated herein by reference to the Company's 10-K for the
fiscal year ended January 2, 1994).
10.24 Executive Severance Agreement dated as of September 16, 1991 between
Donald D. Holmes and Scotsman Group Inc. (incorporated herein by
reference to the Company's 10-Q for the quarter ended September 29,
1991), as amended by Amendment No. 1 thereto, dated as of January 11,
1994, between Donald D. Holmes and Scotsman Group Inc (incorporated
herein by reference to the Company's 10-K for the fiscal year ended
January 2, 1994).
10.25 Retirement Program for Emanuele Lanzani of Frimont, S.p.A.,
Subsidiary of King-Seeley Thermos Co. dated July 25, 1984
(incorporated herein by reference to the Company's 10-K for the
fiscal year ended December 31, 1989).
10.26 Agreement dated March 27, 1981, by and between Emanuele Lanzani and
King-Seeley Thermos Co. and Frimont, S.p.A. (incorporated herein by
reference to the Company's 10-K for the fiscal year ended December
31, 1989), as amended by the Amendment dated March 20, 1990
(incorporated herein by reference to the Company's 10-Q for the
quarter ended September 30, 1990).
10.27 Industrial Building Lease Agreement dated September 21, 1988 by and
between American National Bank and Trust Company of Chicago, as
Trustee under Trust Agreement No. 64661 dated June 17, 1985, and
Household Manufacturing, Inc. (incorporated herein by reference to
the Company's 10-K for the fiscal year ended December 31, 1989).
10.28 Lease Agreement, dated as of April 16, 1993, by and between the
Western and Southern Life Insurance Company and Booth, Inc. together
with the related Guaranty by Scotsman Group Inc. dated as of April 8,
1993 (incorporated herein by reference to the Company's 10-Q for the
quarter ended October 2, 1993), as amended by First Amendment to the
Lease Agreement, dated October 27, 1993, (incorporated herein by
reference to the Company's 10-K for the fiscal year ended January 1,
1995) and Second Amendment to the Lease Agreement, dated December 3,
1993, (incorporated herein by reference to the Company's 10-K for the
fiscal year ended January 1, 1995).
21 List of Subsidiaries.
23 Consent of Arthur Andersen LLP.
27.1 Article 5 Financial Data Schedule for the Fiscal Year Ended December
28, 1997.
27.2 Restated Article 5 Financial Data Schedule for the Fiscal Year Ended
December 29, 1996.<PAGE>
Exhibit Page Number
Number Description1 of Exhibit
27.3 Restated Article 5 Financial Data Schedule for the Fiscal Year Ended
December 31, 1995.
27.4 Restated Article 5 Financial Data Schedule for the Quarterly Period
Ended September 28, 1997.
27.5 Restated Article 5 Financial Data Schedule for the Quarterly Period
Ended June 29, 1997.
27.6 Restated Article 5 Financial Data Schedule for the Quarterly Period
Ended March 30, 1997.
27.7 Restated Article 5 Financial Data Schedule for the Quarterly Period
Ended September 29, 1996.
27.8 Restated Article 5 Financial Data Schedule for the Quarterly Period
Ended June 30, 1996.
27.9 Restated Article 5 Financial Data Schedule for the Quarterly Period
Ended March 31, 1996.
99 Cautionary Statements.
___________________
(1) Unless otherwise indicated, all documents incorporated herein by reference to prior filings have been
incorporated by reference to filings made under Commission File No 1-10182.
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND> This schedule contains summary financial information
extracted from Scotsman Industries, Inc. Consolidated
Balance Sheet as of December 29, 1996 and Scotsman
Industries, Inc. Consolidated Statement of Income for
the Twelve Months Ended December 29, 1996 and is
qualified in its entirety by reference to such financial
statements.
<MULTIPLIER> 1000
<FISCAL-YEAR-END> DEC-29-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-29-1996
<PERIOD-TYPE> 12-MOS
<CASH> 16,501
<SECURITIES> 0
<RECEIVABLES> 58,734
<ALLOWANCES> 2,778
<INVENTORY> 52,530
<CURRENT-ASSETS> 137,574
<PP&E> 46,659
<DEPRECIATION> 44,654
<TOTAL-ASSETS> 283,264
<CURRENT-LIABILITIES> 78,253
<BONDS> 60,289
<COMMON> 1,073
0
0
<OTHER-SE> 130,639
<TOTAL-LIABILITY-AND-EQUITY> 283,264
<SALES> 356,373
<TOTAL-REVENUES> 356,373
<CGS> 257,942
<TOTAL-COSTS> 257,942
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 5,279
<INCOME-PRETAX> 35,017
<INCOME-TAX> 16,449
<INCOME-CONTINUING> 18,568
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 18,568
<EPS-PRIMARY> 1.89
<EPS-DILUTED> 1.73
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND> This schedule contains summary financial information
extracted from Scotsman Industries, Inc. Consolidated
Balance Sheet as of December 31, 1995 and Scotsman
Industries, Inc. Consolidated Statement of Income for
the Twelve Months Ended December 31, 1995 and is
qualified in its entirety by reference to such financial
statements.
<MULTIPLIER> 1000
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-02-1995
<PERIOD-END> DEC-31-1995
<PERIOD-TYPE> 12-MOS
<CASH> 15,808
<SECURITIES> 0
<RECEIVABLES> 54,500
<ALLOWANCES> 2,960
<INVENTORY> 52,251
<CURRENT-ASSETS> 131,342
<PP&E> 46,373
<DEPRECIATION> 39,531
<TOTAL-ASSETS> 275,943
<CURRENT-LIABILITIES> 76,514
<BONDS> 74,719
<COMMON> 915
0
2,000
<OTHER-SE> 109,404
<TOTAL-LIABILITY-AND-EQUITY> 275,943
<SALES> 324,291
<TOTAL-REVENUES> 324,291
<CGS> 236,402
<TOTAL-COSTS> 236,402
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 6,326
<INCOME-PRETAX> 28,128
<INCOME-TAX> 12,720
<INCOME-CONTINUING> 15,408
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 15,408
<EPS-PRIMARY> 1.61
<EPS-DILUTED> 1.45
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND> This schedule contains summary financial information
extracted from Scotsman Industries, Inc. Condensed
Balance Sheet (Unaudited) as of Sept. 28, 1997 and
Scotsman Industries, Inc. Condensed Statement of Income
(Unaudited) for the Nine Months Ended Sept. 28, 1997 and
is qualified in its entirety by reference to such
financial statements.
<MULTIPLIER> 1000
<FISCAL-YEAR-END> DEC-28-1997
<PERIOD-START> DEC-30-1996
<PERIOD-END> SEP-28-1997
<PERIOD-TYPE> 9-MOS
<CASH> 23,191
<SECURITIES> 0
<RECEIVABLES> 118,963
<ALLOWANCES> 4,809
<INVENTORY> 75,128
<CURRENT-ASSETS> 239,055
<PP&E> 86,470
<DEPRECIATION> 49,302
<TOTAL-ASSETS> 677,788
<CURRENT-LIABILITIES> 148,501
<BONDS> 333,370
<COMMON> 1,075
0
0
<OTHER-SE> 141,239
<TOTAL-LIABILITY-AND-EQUITY> 677,788
<SALES> 431,529
<TOTAL-REVENUES> 431,529
<CGS> 320,284
<TOTAL-COSTS> 320,284
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 15,207
<INCOME-PRETAX> 32,589
<INCOME-TAX> 15,605
<INCOME-CONTINUING> 16,984
<DISCONTINUED> 0
<EXTRAORDINARY> (633)
<CHANGES> 0
<NET-INCOME> 16,351
<EPS-PRIMARY> 1.55
<EPS-DILUTED> 1.51
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND> This schedule contains summary financial information
extracted from Scotsman Industries, Inc. Condensed
Balance Sheet (Unaudited) as of June 29, 1997 and
Scotsman Industries, Inc. Condensed Statement of Income
(Unaudited) for the Six Months Ended June 29, 1997 and
is qualified in its entirety by reference to such
financial statements.
<MULTIPLIER> 1000
<FISCAL-YEAR-END> DEC-28-1997
<PERIOD-START> DEC-30-1996
<PERIOD-END> JUN-29-1997
<PERIOD-TYPE> 6-MOS
<CASH> 20,760
<SECURITIES> 0
<RECEIVABLES> 120,768
<ALLOWANCES> 4,862
<INVENTORY> 80,507
<CURRENT-ASSETS> 243,821
<PP&E> 87,496
<DEPRECIATION> 74,133
<TOTAL-ASSETS> 682,878
<CURRENT-LIABILITIES> 148,334
<BONDS> 343,534
<COMMON> 1,074
0
0
<OTHER-SE> 136,453
<TOTAL-LIABILITY-AND-EQUITY> 682,878
<SALES> 271,854
<TOTAL-REVENUES> 271,854
<CGS> 200,757
<TOTAL-COSTS> 200,757
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 8,781
<INCOME-PRETAX> 21,213
<INCOME-TAX> 10,262
<INCOME-CONTINUING> 10,951
<DISCONTINUED> 0
<EXTRAORDINARY> (633)
<CHANGES> 0
<NET-INCOME> 10,318
<EPS-PRIMARY> 0.98
<EPS-DILUTED> 0.96
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND> This schedule contains summary financial information
extracted from Scotsman Industries, Inc. Condensed
Balance Sheet (Unaudited) as of March 30, 1997 and
Scotsman Industries, Inc. Condensed Statement of
Income (Unaudited) for the Three Months Ended March 30,
1997 and is qualified in its entirety by reference to
such financial statements.
<MULTIPLIER> 1000
<FISCAL-YEAR-END> DEC-28-1997
<PERIOD-START> DEC-30-1996
<PERIOD-END> MAR-30-1997
<PERIOD-TYPE> 3-MOS
<CASH> 18,074
<SECURITIES> 0
<RECEIVABLES> 102,419
<ALLOWANCES> 4,627
<INVENTORY> 85,170
<CURRENT-ASSETS> 227,499
<PP&E> 84,786
<DEPRECIATION> 71,793
<TOTAL-ASSETS> 664,525
<CURRENT-LIABILITIES> 151,525
<BONDS> 330,274
<COMMON> 1,074
0
0
<OTHER-SE> 129,810
<TOTAL-LIABILITY-AND-EQUITY> 664,525
<SALES> 98,077
<TOTAL-REVENUES> 98,077
<CGS> 72,446
<TOTAL-COSTS> 72,446
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 2,207
<INCOME-PRETAX> 7,300
<INCOME-TAX> 3,435
<INCOME-CONTINUING> 3,865
<DISCONTINUED> 0
<EXTRAORDINARY> (633)
<CHANGES> 0
<NET-INCOME> 3,232
<EPS-PRIMARY> 0.31
<EPS-DILUTED> 0.30
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND> This schedule contains summary financial information
extracted from Scotsman Industries, Inc. Condensed
Balance Sheet (Unaudited) as of Sept. 29, 1996 and
Scotsman Industries, Inc. Condensed Statement of Income
(Unaudited) for the Nine Months Ended Sept. 29, 1996 and
is qualified in its entirety by reference to such
financial statements.
<MULTIPLIER> 1000
<FISCAL-YEAR-END> DEC-29-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> SEP-29-1996
<PERIOD-TYPE> 9-MOS
<CASH> 16,035
<SECURITIES> 0
<RECEIVABLES> 71,632
<ALLOWANCES> 3,290
<INVENTORY> 50,791
<CURRENT-ASSETS> 147,514
<PP&E> 46,891
<DEPRECIATION> 42,940
<TOTAL-ASSETS> 294,029
<CURRENT-LIABILITIES> 74,671
<BONDS> 77,537
<COMMON> 945
0
1,625
<OTHER-SE> 125,945
<TOTAL-LIABILITY-AND-EQUITY> 294,029
<SALES> 282,720
<TOTAL-REVENUES> 282,720
<CGS> 202,250
<TOTAL-COSTS> 202,250
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 4,159
<INCOME-PRETAX> 31,239
<INCOME-TAX> 14,772
<INCOME-CONTINUING> 16,467
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 16,467
<EPS-PRIMARY> 1.72
<EPS-DILUTED> 1.54
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND> This schedule contains summary financial information
extracted from Scotsman Industries, Inc. Condensed
Balance Sheet (Unaudited) as of June 30, 1996 and
Scotsman Industries, Inc. Condensed Statement of Income
(Unaudited) for the Six Months Ended June 30, 1996 and
is qualified in its entirety by reference to such
financial statements.
<MULTIPLIER> 1000
<FISCAL-YEAR-END> DEC-29-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<PERIOD-TYPE> 6-MOS
<CASH> 16,699
<SECURITIES> 0
<RECEIVABLES> 77,413
<ALLOWANCES> 3,161
<INVENTORY> 54,703
<CURRENT-ASSETS> 157,333
<PP&E> 46,772
<DEPRECIATION> 42,011
<TOTAL-ASSETS> 302,100
<CURRENT-LIABILITIES> 82,845
<BONDS> 83,712
<COMMON> 944
0
1,625
<OTHER-SE> 120,086
<TOTAL-LIABILITY-AND-EQUITY> 302,100
<SALES> 189,956
<TOTAL-REVENUES> 189,956
<CGS> 135,692
<TOTAL-COSTS> 135,692
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 2,837
<INCOME-PRETAX> 20,550
<INCOME-TAX> 9,866
<INCOME-CONTINUING> 10,684
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 10,684
<EPS-PRIMARY> 1.12
<EPS-DILUTED> 1.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND> This schedule contains summary financial information extracted from Scotsman
Industries, Inc. Condensed Balance Sheet (Unaudited) as of March 31, 1996 and
Scotsman Industries, Inc. Condensed Statement of Income (Unaudited) for the Three
Months Ended March 31, 1996 and is qualified in its entirety by reference to such
financial statements.
<MULTIPLIER> 1000
<FISCAL-YEAR-END> DEC-29-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> MAR-31-1996
<PERIOD-TYPE> 3-MOS
<CASH> 14,883
<SECURITIES> 0
<RECEIVABLES> 63,287
<ALLOWANCES> 3,112
<INVENTORY> 56,161
<CURRENT-ASSETS> 143,415
<PP&E> 46,278
<DEPRECIATION> 40,689
<TOTAL-ASSETS> 287,561
<CURRENT-LIABILITIES> 76,738
<BONDS> 83,372
<COMMON> 915
0
1,998
<OTHER-SE> 112,169
<TOTAL-LIABILITY-AND-EQUITY> 287,561
<SALES> 85,533
<TOTAL-REVENUES> 85,533
<CGS> 62,130
<TOTAL-COSTS> 62,130
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 1,415
<INCOME-PRETAX> 6,965
<INCOME-TAX> 3,346
<INCOME-CONTINUING> 3,619
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 3,619
<EPS-PRIMARY> 0.37
<EPS-DILUTED> 0.34
</TABLE>
