UNITED
STATES SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 11-K
x
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Annual
Report Pursuant to Section 15(d) of the Securities Exchange Act of
1934
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For the year ended:
December 31, 2007
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or
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o
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Transition
Report Pursuant to Section 15(d) of the Securities Exchange Act of
1934
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For the period
from to
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Commission
File Number: 1-14725
MONACO COACH CORPORATION 401(K) PLAN
(Full title of the Plan)
MONACO COACH CORPORATION
(Name of issuer of the securities held
pursuant to the Plan)
91320
Industrial Way
Coburg,
OR 97408
(Address of
principal executive office)
Monaco
Coach Corporation
401(k) Plan
Index
December 31,
2007 and 2006
Note:
Other
schedules required by 29 CFR Section 2520.103-10 of the Department of
Labors Rules and Regulations for Reporting and Disclosure under the
Employee Retirement Income Security Act of 1974 have been omitted because they
are not applicable.
Report of Independent
Registered Public Accounting Firm
To
the Participants and Administrator of
Monaco
Coach Corporation
401(k) Plan
We have audited the
accompanying statement of net assets available for benefits of the Monaco Coach
Corporation 401(k) Plan (the Plan) as of December 31, 2007, and the
related statement of changes in net assets available for benefits for the year
then ended. These financial statements are the responsibility of the Plans
management. Our responsibility is to express an opinion on these
financial statements based on our audit.
We conducted our audit in
accordance with the standards of the Public Company Accounting Oversight Board
(United States). Those standards require that we plan and perform the
audit to obtain reasonable assurance about whether the financial statements are
free of material misstatement. The Plan is not required to have, nor were
we engaged to perform, an audit of its internal control over financial
reporting. Our audit included consideration of internal control over
financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Plans internal control over financial
reporting. Accordingly, we express no such opinion. An audit also
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements, assessing the accounting principles
used and significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our audit
provides a reasonable basis for our opinion.
In our opinion, such
financial statements present fairly, in all material respects, the net assets
available for benefits of the Plan as of December 31, 2007, and the
changes in net assets available for benefits for the year then ended in
conformity with accounting principles generally accepted in the United States
of America.
Our audit was conducted
for the purpose of forming an opinion on the basic financial statements taken
as a whole. The supplemental schedule of assets (held at end of year) as
of December 31, 2007, is presented for the purpose of additional analysis
and is not a required part of the basic financial statements, but is
supplementary information required by the Department of Labors Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974. This schedule is the responsibility of the Plans
management. Such schedule has been subjected to the auditing procedures
applied in our audit of the basic 2007 financial statements and, in our
opinion, is fairly stated in all material respects when considered in relation
to the basic financial statements taken as a whole.
/s/ Kernutt Stokes Brandt &
Co. LLP
Eugene, Oregon
June 12, 2008
1
Report of Independent
Registered Public Accounting Firm
To
the
Participants and Administrator of
Monaco Coach Corporation
401(k) Plan
In our opinion, the accompanying statement of net assets
available for benefits presents fairly, in all material respects, the net
assets available for benefits of Monaco Coach Corporation 401(k) Plan (the
Plan) at December 31, 2006 in conformity with accounting principles
generally accepted in the United States of America. This financial
statement is the responsibility of the Plans management. Our
responsibility is to express an opinion on this financial statement based on
our audit. We conducted our audit of this statement in accordance with
the standards of the Public Company Accounting Oversight Board (United
States). Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statement is free of
material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statement,
assessing the accounting principles used and significant estimates made by
management, and evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.
As discussed in Note 2, effective for plan years
ended after December 15, 2006, FASB Staff Position Nos. AAG INV-1 and
SOP 94-4-1,
Reporting of Fully
Benefit-Responsive Investment Contracts Held by Certain Investment Companies
Subject to the AICPA Investment Company Audit Guide and Defined Contribution
Health and Welfare and Pension Plans
, was required to be
implemented. Therefore the presentation of the 2006 financial statement amounts include the
presentation of fair value with an adjustment to contract value for such
investments.
/s/ PricewaterhouseCoopers LLP
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Portland, Oregon
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June 28, 2007
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2
Monaco
Coach Corporation
401(k) Plan
Statements of Net Assets Available for Benefits
December 31,
2007 and 2006
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2007
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2006
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Assets
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Investments, at
fair value
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Registered
investment companies
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$
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44,937,695
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$
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32,343,577
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Common stock
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11,772,813
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20,789,379
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Collective trust
fund
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18,125,554
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19,204,859
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Pooled separate
accounts
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14,117,121
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19,112,466
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Participant
loans
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4,654,467
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4,346,870
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Total
investments
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93,607,650
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95,797,151
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Receivables
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Employer
contributions
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860,684
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789,837
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Dividend income
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65,453
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Participant
contributions
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27,102
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Total
receivables
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860,684
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882,392
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Total assets
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94,468,334
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96,679,543
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Liabilities
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Excess
contributions payable
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56,911
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3,716
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Net assets
available for benefits at fair value
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94,411,423
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96,675,827
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Adjustments
from fair value to contract value for interest in collective trust relating
to
fully benefit-responsive investment contracts
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117,669
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304,236
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Net assets
available for benefits
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$
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94,529,092
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$
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96,980,063
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The accompanying notes are an integral part of these
financial statements.
3
Monaco
Coach Corporation
401(k) Plan
Statement of Changes in Net Assets Available for Benefits
Year Ended December 31,
2007
Additions
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Investment
income
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Net depreciation
in fair value of investments
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$
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(4,567,278
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)
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Interest and
dividends
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3,482,615
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Interest on
participant loan payments
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341,983
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Total investment
loss
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(742,680
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)
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Contributions
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Participant
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5,728,104
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Employer
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860,684
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Participant
rollover
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487,449
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Total
contributions
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7,076,237
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Total additions
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6,333,557
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Deductions
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Benefits paid to
participants
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(8,695,930
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Administrative
expenses
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(88,598
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Total deductions
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(8,784,528
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Net decrease
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(2,450,971
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Net
assets available for benefits
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Beginning of
year
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96,980,063
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End of year
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$
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94,529,092
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The accompanying notes are an integral part of these
financial statements.
4
Monaco Coach Corporation
401(k) Plan
Notes to Financial Statements
December 31, 2007 and 2006
1.
Plan Description
The following description of the Monaco Coach Corporation 401(k) Plan
(the Plan) provides only general information.
Participants should refer to the Plan document, prospectus and the
Summary Plan Description for a more complete description of the Plans
provisions. The information in Note 1 is from the prospectus that is in effect
as of December 31, 2007.
General
The Plan is a defined contribution plan
covering substantially all employees of Monaco Coach Corporation (the Company). It is subject to the provisions of the
Employee Retirement Income Security Act of 1974, as amended (ERISA) and the
Internal Revenue Code of 1986, as amended (IRC). Principal Financial Group (Principal) acts
as the Plans recordkeeper, Trustee and Custodian of the Plans assets.
Contributions
Eligible employees may elect voluntary salary
deferral contributions withheld from their salary based on an elected
percentage, up to a maximum of 25%, subject to annual individual deferral
limitations under the IRC. Participants
salary deferral and matching contributions are self-directed in the various
investment funds of the Plan. Participants can change their investment fund
allocations daily and pre-tax reduction percentage on a monthly basis. Participants may choose to invest up to 25%
of their future salary deferral contributions in the Monaco Coach Corporation
Common Stock Fund. The Company currently
matches 25% of the first 4% of eligible deferred compensation, if the Company
has a net profit before such contributions at year end. All contributions are limited to the
applicable amounts as prescribed by the IRC. Effective January 1, 2007,
the Plan initiated auto-enrollment in which eligible employees are
automatically enrolled in the Plan with a 4% salary
deferral
contribution
rate on the first day of the
second month following their hire date, unless the participant elects to opt
out.
Participant
Accounts
Each participants account is credited with
the participants contributions, the Companys matching contributions, an
allocation of Plan investment earnings or losses thereon, and an allocation of
administrative expenses as defined by the Plan.
Allocations are based on participant earnings or account balances, as
defined. The benefit to which a
participant is entitled is the benefit that can be provided from the
participants account balance.
Vesting
Participants are fully vested in their Plan account
balances; therefore, the Plan does not have any forfeitures.
Participant
Loans
Employees may borrow up to 50% of the value
of their account balances with the aggregate of any outstanding loans not to
exceed $50,000. A participant may not
have more than two loans outstanding at the same time. The loans are secured by
the balance in the participants account and bear interest at a reasonable
rate, generally 1% above the prime rate.
Principal and interest is paid ratably through weekly payroll deductions.
Benefit
Payments
On termination of service due to death,
disability, resignation, discharge or retirement, a participant may elect to
receive or begin to receive either a lump-sum distribution equal to the value
of the participants vested interest in his or her account or annual
installments, or a direct rollover to another qualified plan according to the
Plans provisions. If the participant
has a balance of greater than $1,000 in his or her account, the participant may
also elect to keep the account balance in the Plan.
5
Monaco Coach Corporation
401(k) Plan
Notes to Financial Statements
December 31, 2007 and 2006
2.
Summary of Significant Accounting Policies
Basis
of Accounting
The accompanying financial statements have
been prepared on the accrual basis of accounting.
Investment
Valuation and Income Recognition
The Plans investments are stated at fair
value. Quoted market prices are used to
value investments. Investments in common
stocks listed on a national securities exchange and over-the-counter securities
are valued at the last reported sale price on the valuation date or, if no
sales are reported for that day, the last published sale price. Shares of registered investment companies are
valued at the net asset value of the shares held by the Plan at year end. Investments in collective trust funds are
stated at net unit value, based upon the fair market value of the underlying
securities, as determined or provided by Principal. The collective trust fund represents
investments held in pooled funds and is valued based on information reported by
the investment advisor using the audited financial statements of the collective
trust at year end. The investments in
the pooled separate accounts are stated at net unit value and are based on the
fair market value of the underlying securities, as determined by
Principal. Participant loans are valued
at their outstanding balances, which approximate fair value.
Investments are purchased and sold at the
fair value of the underlying investments and receive the interest and dividend
earnings of the underlying investments.
Purchases and sales of securities are recorded on a trade date basis. Interest income is recorded on the accrual
basis. Dividends are recorded on the
ex-dividend date. The Plan presents, in
the Statement of Changes in Net Assets Available for Benefits, the net
appreciation or depreciation in the fair value of its investments, which consists
of the realized gains or losses and the unrealized appreciation or depreciation
of those investments.
Benefits
Payable
Benefits are recorded when paid. Accordingly, benefits payable to persons that
have elected to withdraw from the Plan but not yet been paid have not been
accrued. At December 31, 2007, there was $9,729 payable to
participants. At December 31, 2006,
there was $5,985 payable to participants.
Expenses
Investment expenses and certain allowable
administrative expenses are paid by the Plan.
All other administrative expenses are paid by the Company.
Use
of Estimates
The preparation of financial statements in
conformity with accounting principles generally accepted in the United States
of America (GAAP) requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of additions to and deductions from net assets available
for benefits during the reporting period.
On an on-going basis, the Plan evaluates its estimates including
contingencies and litigation. The Plan
bases its estimates on historical experience and on various other assumptions
that are believed to be reasonable under the circumstances, the results of
which form the basis for making judgments about the carrying values of assets
and liabilities that are not readily apparent from other sources. Actual results may differ from those
estimates.
6
Monaco Coach Corporation
401(k) Plan
Notes to Financial Statements
December 31, 2007 and 2006
As described in Financial Accounting
Standards Board Staff Position, FSP AAG INV-1 and SOP 94-4-1,
Reporting of Fully Benefit-Responsive Investment Contracts Held by Certain
Investment Companies Subject to the AICPA Investment Company Guide and
Defined-Contribution Health and Welfare and Pension Plans
(the FSP),
investment contracts held by a defined contribution plan are required to be
reported at fair value. However,
contract value is the relevant measurement attribute for that portion of the
net assets available for benefits of a defined contribution plan attributable
to fully benefit-responsive investment contracts because contract value is the
amount participants would receive if they were to initiate permitted
transactions under the terms of the Plan.
The Plan invests in investment contracts through a collective trust
fund. As required by the FSP, the
Statement of Net Assets Available for Benefits presents the fair value of the
investment in the collective trust fund as well as the adjustment of the
investment in the collective trust fund from fair value to contract value
relating to the investment contracts.
The Statement of Changes in Net Assets Available for Benefits is
prepared on a contract value basis.
Risks
and Uncertainties
The Plan provides participants with a choice
of various investments. Investment
securities are exposed to various risks, such as interest rate, market and
credit. Due to the level of risk
associated with certain investment securities, it is at least reasonably
possible that changes in the values of investment securities, and thus the net
assets of the funds, will occur in the near term and that such changes could
materially affect participants account balances and the amounts reported in
the Statement of Net Assets Available for Benefits and the Statement of Changes
in Net Assets Available for Benefits.
Recent
Accounting Pronouncements and Developments
In September 2006, the Financial
Accounting Standards Board issued Statement of Financial Accounting Standards No. 157,
Fair Value Measurements
. The statement defines fair value, establishes
a framework for measuring fair value in GAAP and expands the disclosures about
fair value measurement. It is effective
for financial statements issued for fiscal years beginning after November 15,
2007. The Plan continues to evaluate the
impact of this standard and does not believe that it will have a material
impact to the Plan.
7
Monaco Coach Corporation
401(k) Plan
Notes to Financial Statements
December 31, 2007 and 2006
3.
Investments
The following presents investments that
represent 5% or more of the Plans net assets at December 31, 2007:
Registered
investment companies
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|
|
|
MFS Value A Fund
|
|
$
|
10,201,503
|
|
American Funds
American Balanced R4 Fund
|
|
9,260,430
|
|
Fidelity Advisor
Mid Cap T Fund
|
|
6,662,464
|
|
Fidelity Advisor
Diversified International T Fund
|
|
5,326,415
|
|
Fidelity Contra Portfolio
|
|
8,914,876
|
|
Collective
trust fund
|
|
|
|
Principal Stable
Value Fund
|
|
18,125,554
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Common
stock
|
|
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Harley-Davidson
Inc.
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9,889,228
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The following presents investments that
represent 5% or more of the Plans net assets at December 31, 2006:
Registered
investment companies
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|
|
|
MFS Value A Fund
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$
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9,984,799
|
|
American Funds
American Balanced R4 Fund
|
|
8,760,214
|
|
Fidelity Advisor
Mid Cap T Fund
|
|
5,659,615
|
|
Fidelity Advisor
Diversified International T Fund
|
|
4,395,326
|
|
Fidelity Contra
Portfolio
|
|
7,361,688
|
|
Collective
trust fund
|
|
|
|
Principal Stable
Value Fund
|
|
19,204,859
|
|
Common
stock
|
|
|
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Harley-Davidson
Inc.
|
|
17,963,472
|
|
|
|
|
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|
During 2007 the Plans investments (including
gains and losses on investments bought and sold, as well as held during the
year) depreciated in value as follows:
Common stock
|
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$
|
(6,476,092
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)
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Registered
investment companies
|
|
711,900
|
|
Pooled separate
accounts
|
|
409,681
|
|
Collective trust
fund
|
|
787,233
|
|
|
|
$
|
(4,567,278
|
)
|
Harley-Davidson Inc.
As part of the purchase of Holiday Rambler in
1996 from Harley-Davidson, the Holiday Rambler benefit plan was merged into the
Plan. Prior to the purchase of Holiday
Rambler, participants could select Harley-Davidson common stock as an
investment option. After the acquisition,
participants no longer could select the Harley-Davidson common stock as an
investment option to purchase additional shares but are able to retain shares
owned in the Plan and sell all or a portion at any time.
8
Monaco Coach Corporation
401(k) Plan
Notes to Financial Statements
December 31, 2007 and 2006
4.
Plan Tax Status
The Internal Revenue Service determined and
informed the Company by letter, dated May 1, 2002, that the Plan is
designed in accordance with applicable sections of the IRC. Although the Plan has been amended since
receiving the favorable determination letter, the Plan administrator believes
that the Plan continues to fulfill the requirements of a qualified plan under Sections 401(a) and
501(a) of the IRC and that the Plan is not subject to tax. Accordingly, no provision for federal or
state income taxes has been provided in the accompanying financial statements.
5.
Plan Termination
Although it has not expressed any intent to
do so, the Company has the right under the Plan to discontinue contributions
and/or terminate the Plan at any time, subject to the provisions of ERISA. In
the event of Plan termination, the net assets of the Plan would be allocated
and distributed among the participants and beneficiaries of the Plan in
proportion to their interests, as permitted under the terms of the Plan.
6.
Party-In-Interest and Related Party Transactions
The Plans investment assets represent funds
invested in or maintained by Principal.
Principal has been the Trustee and Custodian of Plan assets since February 23,
2003; and therefore, these investments represent exempt party-in-interest
transactions. Fees paid by the Plan for
the investment management services amounted to $88,598 and $87,644 for the year
ended December 31, 2007 and 2006, respectively.
Certain Plan investments are shares of
Company common stock. For the years
ended December 31, 2007 and 2006, the Plan purchased 104,291 and 91,129
shares of Monaco Coach Corporation common stock, respectively, at a cost of
$1,254,106 and $1,187,870, respectively.
For the same years ended, the Plan sold 91,738 and 115,737 shares of
Monaco Coach Corporation common stock, respectively, at a cost of $1,296,805
and $1,473,418, respectively. At December 31,
2007 and 2006, the Plan held $1,883,585 (212,115 shares) and $2,825,907
(199,563 shares), respectively of Monaco Coach Corporation common stock.
9
Monaco Coach Corporation
401(k) Plan
Notes to Financial Statements
December 31, 2007 and 2006
7.
Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of net
assets for benefits per the financial statements to the Form 5500 at December 31:
|
|
2007
|
|
2006
|
|
|
|
|
|
|
|
Net assets
available for benefits per the financial statements
|
|
$
|
94,529,092
|
|
$
|
96,980,063
|
|
Participant
contributions receivable
|
|
238
|
|
(27,102
|
)
|
Dividend income
receivable
|
|
|
|
(65,453
|
)
|
Adjustments from
fair value to contract value for interest in collective trust relating to
fully benefit-responsive investment contracts
|
|
(117,669
|
)
|
(304,236
|
)
|
Other
adjustments from fair value to contract value
|
|
972
|
|
65,117
|
|
Excess
contributions payable
|
|
56,911
|
|
3,716
|
|
Net assets
available for benefits per Form 5500
|
|
$
|
94,469,544
|
|
$
|
96,652,105
|
|
The following reconciliation of the net
increase in net assets available for benefits per the financial statements to
the Form 5500 at December 31, 2007:
Net decrease in
net assets per the financial statements
|
|
$
|
(2,450,971
|
)
|
Change in
participant contributions accrued
|
|
27,340
|
|
Change in
dividends receivable
|
|
65,453
|
|
Change in net
appreciation for adjustments from fair value to contract for interest in
collective trust relating to fully benefit-responsive investment contracts
|
|
186,567
|
|
Change in
adjustments from fair value to contract value
|
|
(64,145
|
)
|
Change in excess
contributions payable
|
|
53,195
|
|
Net decrease in
net assets per Form 5500
|
|
$
|
(2,182,561
|
)
|
10
Monaco Coach Corporation
401(k) Plan
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2007
|
|
Schedule I
|
|
|
|
|
(c)
|
|
|
|
|
|
|
|
|
|
Description of
|
|
|
|
|
|
|
|
|
|
Investment Including
|
|
|
|
|
|
|
|
|
|
Maturity Date,
|
|
|
|
|
|
|
|
(b)
|
|
Rate of Interest,
|
|
(d)
|
|
(e)
|
|
|
|
Identity of Issue, Borrower,
|
|
Collateral, Par or
|
|
Historical
|
|
Current
|
|
(a)
|
|
Lessor or Similar Party
|
|
Maturity Value
|
|
Cost (1)
|
|
Value
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Registered Investment Companies
|
|
|
|
|
|
|
|
|
|
MFS Value A Fund
|
|
384,527 shares
|
|
|
|
$
|
10,201,503
|
|
|
|
American Funds American Balanced R4 Fund
|
|
480,313 shares
|
|
|
|
9,260,430
|
|
|
|
Fidelity Advisor Mid Cap T Fund
|
|
282,069 shares
|
|
|
|
6,662,464
|
|
|
|
Fidelity Advisor Diversified International T Fund
|
|
246,593 shares
|
|
|
|
5,326,415
|
|
|
|
American Century Equity Income Adv Fund
|
|
158,902 shares
|
|
|
|
1,239,435
|
|
|
|
American Funds Growth Fund R4 Fund
|
|
51,394 shares
|
|
|
|
1,735,066
|
|
|
|
Columbia Acorn A Fund
|
|
55,334 shares
|
|
|
|
1,597,506
|
|
|
|
Fidelity Contra Portfolio
|
|
223,791 shares
|
|
|
|
8,914,876
|
|
|
|
Total registered
investment companies
|
|
|
|
|
|
44,937,695
|
|
|
|
Common Stock
|
|
|
|
|
|
|
|
|
|
Harley-Davidson Inc. Stock
|
|
211,715 shares
|
|
|
|
9,889,228
|
|
*
|
|
Monaco Coach Corporation Stock
|
|
212,115 shares
|
|
|
|
1,883,585
|
|
|
|
Total common
stock
|
|
|
|
|
|
11,772,813
|
|
|
|
Collective Trust Fund
|
|
|
|
|
|
|
|
*
|
|
Principal Stable Value Fund
|
|
1,104,062 units
|
|
|
|
18,125,554
|
|
|
|
Pooled Separate Accounts
|
|
|
|
|
|
|
|
*
|
|
Principal Bond & Mortgage Separate Account
|
|
3,424 units
|
|
|
|
2,663,697
|
|
*
|
|
Principal Large Cap Stock Index Separate Account
|
|
33,164 units
|
|
|
|
1,862,715
|
|
*
|
|
Principal Lifetime 2020 Separate Account
|
|
116,296 units
|
|
|
|
1,958,615
|
|
*
|
|
Principal Lifetime Strategic Income Separate Account
|
|
89,293 units
|
|
|
|
1,324,822
|
|
*
|
|
Principal Lifetime 2030 Separate Account
|
|
114,198 units
|
|
|
|
1,940,910
|
|
*
|
|
Principal Lifetime 2040 Separate Account
|
|
77,569 units
|
|
|
|
1,349,047
|
|
*
|
|
Principal Small Cap Stock Index Separate Account
|
|
30,160 units
|
|
|
|
687,863
|
|
*
|
|
Principal Lifetime 2010 Separate Account
|
|
44,147 units
|
|
|
|
699,287
|
|
*
|
|
Principal Lifetime 2050 Separate Account
|
|
39,225 units
|
|
|
|
662,266
|
|
*
|
|
Principal Partners Small-Cap Value Separate Account
|
|
35,345 units
|
|
|
|
482,037
|
|
*
|
|
Principal Mid Cap Stock Index Separate Account
|
|
21,448 units
|
|
|
|
485,862
|
|
|
|
Total pooled
separate accounts
|
|
|
|
|
|
14,117,121
|
|
*
|
|
Participant loans
|
|
5% - 9.5%, maturities ranging from 2008 - 2017
|
|
|
|
4,654,467
|
|
|
|
|
|
|
|
|
|
$
|
93,607,650
|
|
*
|
|
Party-in-interest.
|
|
(1)
|
|
Cost information has been
omitted for participant directed assets.
|
|
11
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the trustees (or
other persons who administer the employee benefit plan) have duly caused this
annual report to be signed on its behalf by the undersigned hereunto duly
authorized.
June 13, 2008
|
MONACO COACH CORPORATION
|
|
401(K) PLAN
|
|
|
|
By:
|
/s/ P. Martin Daley
|
|
|
P. Martin Daley
|
|
|
Vice President and Chief Financial Officer
|
12
EXHIBIT INDEX
Exhibit No.
|
|
Description
|
|
|
|
23.1
|
|
Consent of
Independent Registered Public Accounting Firm PriceWaterhouseCoopers LLP
|
|
|
|
23.2
|
|
Consent of
Independent Registered Public Accounting Firm Kernutt Stokes
Brandt & Co. LLP
|
13
Monaco Coach (NYSE:MNC)
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Monaco Coach (NYSE:MNC)
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