<PAGE> 1
------------------------------------------------------------------------------

                    U.S. Securities and Exchange Commission
                            Washington, D.C. 20549

          ------------------------------------------------------------


                                  Form 10-Q

(Mark One)


           [ x ]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

           For the quarterly period ended December 31, 2000

                                      or

           [   ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

           For the transition period from            to


                        Commission file number 0-23898

          ------------------------------------------------------------

                             MITY ENTERPRISES, INC.
            (Exact name of registrant as specified in its charter)

               Utah                                            87-0448892
(State or other jurisdiction of                             (I.R.S. Employer
 incorporation or organization)                            Identification No.)

                             1301 West 400 North
                               Orem, Utah 84057
                   (Address of principal executive offices)

                  Registrant's telephone number:  (801) 224-0589

                                     N/A
  (Former name, former address and former fiscal year, if changed since last
                                   report)

          ------------------------------------------------------------

     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

     There were 5,077,823 shares of the registrant's Common Stock, par value
$.01 per share, outstanding on February 9, 2001.

<PAGE> 2
                        PART I:  FINANCIAL INFORMATION

Item 1.  Financial Statements
                             MITY ENTERPRISES, INC.
                    CONDENSED CONSOLIDATED BALANCE SHEETS
                                  (unaudited)
                                                DECEMBER 31,       MARCH 31,
                                                    2000             2000
ASSETS                                          ------------     ------------
Current assets:
    Cash and cash equivalents. . . . . . . .     $ 3,214,000      $ 6,141,000
    Accounts receivable, less allowances of
      $857,000 at December 31, 2000 and
      $1,179,000 at March 31, 2000 . . . . .       9,755,000        9,393,000
    Inventories. . . . . . . . . . . . . . .       5,385,000        1,410,000
    Prepaid expenses and other current
      assets . . . . . . . . . . . . . . . .       1,673,000        1,152,000
    Deferred income taxes, current . . . . .       1,572,000          234,000
                                                ------------     ------------
Total current assets . . . . . . . . . . . .      21,599,000       18,330,000
Property and equipment, net. . . . . . . . .       7,673,000        4,169,000
Investment in affiliate. . . . . . . . . . .            --          1,672,000
Note receivable from affiliate . . . . . . .          14,000        2,127,000
Deferred income taxes. . . . . . . . . . . .         521,000             --
Intangible assets, net . . . . . . . . . . .       2,327,000        3,134,000
                                                ------------     ------------
Total assets . . . . . . . . . . . . . . . .     $32,134,000      $29,432,000
                                                ============     ============
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
    Bank line of credit. . . . . . . . . . .            --        $   319,000
    Accounts payable . . . . . . . . . . . .     $ 1,980,000        2,227,000
    Accrued expenses and other current
      liabilities. . . . . . . . . . . . . .       2,768,000        2,210,000
                                                ------------     ------------
Total current liabilities. . . . . . . . . .       4,748,000        4,756,000

Deferred income tax liabilities. . . . . . .            --            291,000
                                                ------------     ------------
Total liabilities. . . . . . . . . . . . . .       4,748,000        5,047,000
COMMITMENTS AND CONTINGENCIES. . . . . . . .            --               --
Stockholders' equity:
    Preferred stock, par value $.10 per
      share; authorized 3,000,000 shares; no
      shares issued and outstanding. . . . .            --               --
    Common stock, par value $.01 per share;
      authorized 10,000,000 shares; issued
      and outstanding 5,077,823 at December
      31, 2000 and 4,823,582 at March 31, 2000        51,000           48,000
    Additional paid-in capital . . . . . . .      11,655,000        8,015,000
    Retained earnings. . . . . . . . . . . .      15,619,000       16,187,000
    Accumulated other comprehensive income .          61,000          135,000
                                                ------------     ------------
  Total stockholders' equity . . . . . . . .      27,386,000       24,385,000
                                                ------------     ------------
Total liabilities and stockholders' equity .     $32,134,000      $29,432,000
                                                ============     ============
             See accompanying notes to unaudited condensed consolidated
                                financial statements.
<PAGE> 3

                              MITY ENTERPRISES, INC.
              CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                  (unaudited)

                                                 THREE MONTHS ENDED DEC. 31,
                                                    2000             1999
                                                ------------     ------------
Net sales . . . . . . . . . . . . . . . . . .    $13,321,000      $11,723,000
Cost of products sold . . . . . . . . . . . .      8,821,000        7,117,000
                                                ------------     ------------
Gross profit. . . . . . . . . . . . . . . . .      4,500,000        4,606,000
Expenses:
    Selling . . . . . . . . . . . . . . . . .      2,384,000        1,936,000
    General and administrative. . . . . . . .        789,000          699,000
    Research and development. . . . . . . . .        247,000          192,000
    Goodwill impairment loss. . . . . . . . .      1,882,000             --
                                                ------------     ------------
Total expenses. . . . . . . . . . . . . . . .      5,302,000        2,827,000
                                                ------------     ------------
Income (loss) from operations . . . . . . . .       (802,000)       1,779,000
Other income (expense):
    Interest expense. . . . . . . . . . . . .         (3,000)          (8,000)
    Interest income . . . . . . . . . . . . .         35,000          113,000
    Equity in income of affiliate . . . . . .           --            135,000
    Other . . . . . . . . . . . . . . . . . .         (1,000)          (2,000)
                                                ------------     ------------
Total other income. . . . . . . . . . . . . .         31,000          238,000
                                                ------------     ------------
Income (loss) before provision for income
  taxes . . . . . . . . . . . . . . . . . . .       (771,000)       2,017,000
Income tax expense (benefit). . . . . . . . .       (285,000)         743,000
                                                ------------     ------------
Net income (loss) . . . . . . . . . . . . . .    $  (486,000)     $ 1,274,000
                                                ============     ============

Basic earnings (loss) per share . . . . . . .    $     (0.10)     $      0.26
                                                ============     ============
Weighted average number of common
  shares - basic. . . . . . . . . . . . . . .      5,077,823        4,816,458
                                                ============     ============

Diluted earnings (loss) per share . . . . . .    $     (0.09)     $      0.25
                                                ============     ============
Weighted average common and common
    equivalent shares - diluted . . . . . . .      5,170,267        5,177,242
                                                ============     ============



           See accompanying notes to unaudited condensed consolidated
                            financial statements.
<PAGE> 4
                              MITY ENTERPRISES, INC.
                CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                  (unaudited)

                                                   SIX MONTHS ENDED DEC. 31,
                                                    2000             1999
                                                ------------     ------------
Net sales . . . . . . . . . . . . . . . . . .    $44,764,000      $33,925,000
Cost of products sold . . . . . . . . . . . .     31,989,000       20,495,000
                                                ------------     ------------
Gross profit. . . . . . . . . . . . . . . . .     12,775,000       13,430,000
Expenses:
    Selling . . . . . . . . . . . . . . . . .      7,618,000        5,635,000
    General and administrative. . . . . . . .      2,757,000        2,146,000
    Research and development. . . . . . . . .        820,000          650,000
    Goodwill impairment loss. . . . . . . . .      1,882,000             --
                                                ------------     ------------
Total expenses. . . . . . . . . . . . . . . .     13,077,000        8,431,000
                                                ------------     ------------
Income (loss) from operations . . . . . . . .       (302,000)       4,999,000
Other income (expense):
    Interest expense. . . . . . . . . . . . .        (43,000)         (23,000)
    Interest income . . . . . . . . . . . . .         59,000          333,000
    Equity in income of affiliate . . . . . .           --            306,000
    Other . . . . . . . . . . . . . . . . . .          7,000          (10,000)
                                                ------------     ------------
Total other income. . . . . . . . . . . . . .         23,000          606,000
                                                ------------     ------------
Income (loss) before provision for income
   taxes. . . . . . . . . . . . . . . . . . .       (279,000)       5,605,000
Income tax expense (benefit). . . . . . . . .       (106,000)       2,080,000
                                                ------------     ------------
Net income (loss) . . . . . . . . . . . . . .    $  (173,000)     $ 3,525,000
                                                ============     ============

Basic earnings (loss) per share . . . . . . .    $     (0.03)     $      0.73
                                                ============     ============
Weighted average number of common
  shares - basic. . . . . . . . . . . . . . .      5,074,009        4,808,951
                                                ============     ============

Diluted earnings (loss) per share . . . . . .    $     (0.03)     $      0.69
                                                ============     ============
Weighted average common and common
    equivalent shares - diluted . . . . . . .      5,225,043        5,110,435
                                                ============     ============

          See accompanying notes to unaudited condensed consolidated
                             financial statements.
<PAGE> 5
                             MITY ENTERPRISES, INC.
               CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                  (unaudited)
                                                   NINE MONTHS ENDED DEC. 31,
                                                      2000           1999
                                                  ------------   ------------
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss). . . . . . . . . . . . . . . .   $  (173,000)   $ 3,525,000
Adjustments to reconcile net income to net cash
  provided by operating activities:
    Depreciation and amortization. . . . . . . .     1,074,000        629,000
    Deferred tax expense (benefit) . . . . . . .      (630,000)        71,000
    Equity in income of affiliate. . . . . . . .          --         (306,000)
    Loss (gain) on disposal of equipment . . . .         5,000         (1,000)
    Tax benefit from exercise of stock options .       633,000         29,000
    Impairment of goodwill . . . . . . . . . . .     1,882,000           --
    Changes in assets and liabilities (net of
     effects from purchase of CenterCore and DO
     Group):
      Accounts receivable. . . . . . . . . . . .     3,231,000     (1,892,000)
      Inventories. . . . . . . . . . . . . . . .       508,000        234,000
      Prepaid expenses and other current assets       (439,000)      (247,000)
      Accounts payable . . . . . . . . . . . . .    (2,146,000)       383,000
      Accrued expenses and other current
       liabilities . . . . . . . . . . . . . . .    (1,596,000)      (136,000)
                                                  ------------   ------------
Net cash provided by operating activities. . . .     2,349,000      2,289,000
                                                  ------------   ------------
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of available-for-sale securities . . .          --       (2,324,000)
Sales of available-for-sale securities . . . . .          --        3,890,000
Proceeds from sales of property & equipment. . .         9,000        261,000
Purchases of property and equipment. . . . . . .    (2,229,000)    (2,066,000)
Decrease in note receivable from affiliate . . .         8,000         30,000
Cash received from affiliate . . . . . . . . . .          --           81,000
Increase in acquisition advances . . . . . . . .          --         (158,000)
Purchase of CenterCore, (net of cash acquired) .          --       (5,342,000)
Purchase of DO Group, (net of cash acquired) . .    (2,127,000)          --
                                                  ------------   ------------
Net cash used in investing activities. . . . . .    (4,339,000)    (5,628,000)
                                                  ------------   ------------
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from exercise of stock options. . .     2,387,000        178,000
Purchase and retirement of common stock. . . . .      (449,000)      (601,000)
Increase (decrease) in bank line of credit . . .    (2,823,000)       163,000
Decrease in long term debt . . . . . . . . . . .       (53,000)      (146,000)
                                                  ------------   ------------
Net cash used in financing . . . . . . . . . . .      (938,000)      (406,000)
                                                  ------------   ------------

Effect of exchange rate changes on cash. . . . .         1,000           --
                                                  ------------   ------------
Net decrease in cash and cash equivalents. . . .    (2,927,000)    (3,745,000)
Cash and cash equivalents at beginning of period     6,141,000      8,029,000
                                                  ------------   ------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD . . .   $ 3,214,000    $ 4,284,000
                                                  ============   ============
          See accompanying notes to unaudited condensed consolidated
                            financial statements.
<PAGE> 6


SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
                                                  NINE MONTHS ENDED DEC. 31,
                                                    2000             1999
                                                ------------     ------------
Cash paid during the period for
  income taxes                                  $1,119,000        $2,147,000

Cash paid during the period for interest            43,000            23,000



SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING
ACTIVITIES:

In April of 1999, the Company acquired certain assets and obligations of The
CenterCore Group, Inc. for $5,342,000.  The fair value of the assets acquired
was $3,767,000.  The cost in excess of the fair value was $2,063,000.  The
resulting liabilities assumed totaled $488,000.


In April of 2000, the Company acquired the remaining 50.1 percent interest in
the DO Group, Inc. for $2,127,000 in cash and approximately 41,000 shares of
the Company's common stock valued at the date of purchase at $677,000.  These
amounts, when added to its previous net investment of $1,413,000, brought the
Company's total investment to $4,217,000.  The fair value of the assets
acquired was $12,101,000.  The cost in excess of fair value of the assets was
$1,376,000.  The resulting liabilities assumed totaled $9,260,000.



        See accompanying notes to unaudited condensed consolidated
                            financial statements.

<PAGE> 7

                              MITY ENTERPRISES, INC.
        NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS
                                  (unaudited)

1.  BASIS OF PRESENTATION

Interim Period Accounting Policies

     In the opinion of the Company's management, the accompanying unaudited
condensed consolidated financial statements contain all normal recurring
adjustments necessary to present fairly the Company's financial position and
results of operations for the interim period.  Results of operations for the
three months and nine months ended December 31, 2000 are not necessarily
indicative of results to be expected for the full fiscal year ending March 31,
2001.

     The accompanying unaudited condensed consolidated financial statements
have been prepared in accordance with accounting principles generally accepted
in the United States of America for interim financial statements.  Although
the Company believes that the disclosures in these unaudited condensed
consolidated financial statements are adequate to make the information
presented for the interim periods not misleading, certain information and
footnote information normally included in annual consolidated financial
statements prepared in accordance with accounting principles generally
accepted in the United States of America have been condensed or omitted
pursuant to the rules and regulations of the Securities and Exchange
Commission, and these financial statements should be read in conjunction with
the Company's audited consolidated financial statements included in the
Company's annual report to shareholders for the fiscal year ended March
31, 2000.  Certain amounts in prior period financial statements have been
reclassified to conform with current period presentations.


2.  INVENTORIES

     Inventories consisted of the following:

                                                   DEC. 31,        MARCH 31,
                                                    2000             2000
                                                ------------     -------------
               Materials and supplies . . . .    $ 4,215,000      $   866,000
               Work-in-progress . . . . . . .        658,000          170,000
               Finished goods . . . . . . . .        512,000          374,000
                                                ------------     ------------
                                                 $ 5,385,000      $ 1,410,000
                                                ============     ============
<PAGE> 8

3.  RECENTLY ISSUED FINANCIAL ACCOUNTING STANDARDS

     On July 7, 1999, the Financial Accounting Standards Board (FASB) issued
Statement of Financial Accounting Standards (SFAS) No. 137, "Accounting for
Derivative Instruments and Hedging Activities-Deferral of the Effective Date
of FASB Statement No. 133," an amendment of FASB Statement No. 133, which
establishes accounting and reporting standards for derivative instruments and
hedging activities and requires that an entity recognize all derivatives as
either assets or liabilities in the statement of financial position and
measure those instruments at fair value.  SFAS No. 133, "Accounting for
Derivative Instruments and Hedging Activities," supersedes SFAS No. 80,
"Accounting for Future Contracts," SFAS No. 105, "Disclosure of Information
about Financial Instruments with Off-Balance-Sheet Risk and Financial
Instruments with Concentration of Credit Risk," and SFAS No. 119, "Disclosure
about Derivative Financial Instruments and Fair Value of Financial
Instruments," and also amends certain aspects of other SFAS's previously
issued.  SFAS No. 133, as amended by SFAS No. 137, is effective for all
quarterly and annual financial statements of fiscal years beginning after June
15, 2000.  Management does not believe this statement will have a significant
impact on the Company.

     In December 1999, the Securities and Exchange Commission issued Staff
Accounting Bulletin No. 101 ("SAB 101"), "Revenue Recognition in Financial
Statements."  SAB 101 provides guidance on applying generally accepted
accounting principles to revenue recognition issues in financial statements.
The Company is required to adopt SAB 101 in the fourth quarter of fiscal 2001.
Management currently does not believe the effect of SAB 101 on the Company's
results of operations and financial position will be material.


4.  RECENT ACQUISITIONS

     On April 9, 1999, the Company acquired certain assets and obligations of
The CenterCore Group, Inc. ("CenterCore"), a privately-owned designer,
manufacturer and marketer of call center furniture, through a bank
foreclosure.

     Two wholly-owned subsidiaries of MITY Enterprises completed the
transactions.  C Core, Inc., a Utah corporation ("C Core"), purchased the
accounts receivable, inventory, machinery and equipment, intellectual property
and certain other assets of The CenterCore Group, Inc. for an estimated $5.3
million.  C Core designs and markets call center furniture under the
CenterCore name.  Product manufacturing was transitioned to DO Group, Inc.
("DO Group"), what is now a wholly-owned subsidiary of the Company.  In
October 2000, the Company entered into an agreement with CenterCore which
finalized the purchase price related to the acquisition.  As a result, the
Company was reimbursed approximately $0.96 million from funds which had been
escrowed as part of the original purchase agreements, thereby paying off the
$0.85 million in advances related to the CenterCore acquisition.

     BOCCC, Inc., also a Utah corporation and wholly-owned subsidiary of the
Company, purchased the outstanding subordinated debt obligations of CenterCore
for $0.50 million.  The outstanding subordinated debt obligations of
CenterCore totaled approximately $2.0 million at closing.  Cash from the
Company's general working capital was used to fund the purchases.  The final
allocation of the purchase price resulted in approximately $2.1 million of
goodwill.

<PAGE> 9
     On April 1, 2000, MITY Enterprises acquired the remaining 50.1 percent
interest in the DO Group, a privately-held manufacturer of office seating and
office panel systems headquartered in Elkhart, Indiana.  DO Group markets its
products under the Domore, DO3, JG, and Corel trade names.

     MITY Enterprises exchanged approximately $2.1 million cash and 41,000
shares of its common stock valued at approximately $677,000 for the remaining
50.1 percent of DO Group stock from the DO Group shareholders.  In addition,
MITY Enterprises assumed approximately $2.5 million in a revolving credit
line.  The acquisition has been treated for accounting purposes as a step
acquisition.  DO Group has become a wholly-owned subsidiary of MITY
Enterprises.  Cash from the Company's general working capital was used to fund
the purchase.

     In conjunction with the DO Group acquisition, the Company merged C Core
with DO Group.  The new subsidiary retained the DO Group, Inc. name.  Both DO
Group and C Core produce office systems in a shared manufacturing facility in
Marked Tree, Arkansas.

     On April 1, 2000, the Company also created a new subsidiary corporation
called MLI Acquisition, Inc. ("MLI Acquisition").  With the exception of cash,
real property, certain deferred tax obligations, and investments in and notes
receivable from subsidiaries, all of the assets and liabilities of MITY
Enterprises (formerly known as Mity-Lite, Inc.) were transferred to MLI
Acquisition.  MLI Acquisition has become the operating company for the
multipurpose furniture operations and is a wholly-owned subsidiary of the
Company.  In December 2000, the Company changed the name of MLI Acquisition to
Mity-Lite, Inc.

     The unaudited pro forma results of operations of the Company for the
three months and nine months ended December 31, 1999 (assuming the acquisition
of DO Group had occurred as of April 1, 1999) and the unaudited results of
operations of the Company for the three months and nine months ended December
31, 2000 are as follows:

                                                  THREE MONTHS ENDED DEC. 31,
                                                    2000             1999
                                                ------------     -------------
Net sales . . . . . . . . . . . . . . . . . .    $13,321,000      $15,751,000
Net income (loss) . . . . . . . . . . . . . .       (486,000)       1,461,000
Basic earnings (loss) per share . . . . . . .          (0.10)            0.30
Diluted earnings (loss) per share . . . . . .          (0.09)            0.28

                                                  NINE MONTHS ENDED DEC. 31,
                                                    2000             1999
                                                ------------     -------------
Net sales . . . . . . . . . . . . . . . . . .    $44,764,000      $43,167,000
Net income (loss) . . . . . . . . . . . . . .       (173,000)       3,715,000
Basic earnings (loss) per share . . . . . . .          (0.03)            0.77
Diluted earnings (loss) per share . . . . . .          (0.03)            0.72

<PAGE> 10

5.  OTHER COMPREHENSIVE INCOME

     The Company adopted SFAS No. 130,  "Reporting Comprehensive Income,"
effective April 1, 1998, the beginning of its 1999 fiscal year.  SFAS No. 130
establishes standards for reporting and display of comprehensive income and
its components (revenues, expenses, gains, and losses) in a full set of
general purpose financial statements.  The Company's other comprehensive
income consists of foreign currency adjustments and unrealized gains and
losses on available-for-sale securities.  For the nine months ended December
31, 2000, net income exceeded comprehensive income by $74,000 related to
foreign currency adjustments and unrealized gains and losses on
available-for-sale securities.  For the nine months ended December 31, 1999,
comprehensive income exceeded net income by $82,000.  Of this amount, $(7,000)
was related to a holding loss on available-for-sale securities, and $89,000
was related to foreign currency adjustments.


6.  BUSINESS SEGMENT INFORMATION

     The Company adopted SFAS No. 131,  "Disclosure about Segments of an
Enterprise and Related  Information," effective with its 1999 fiscal year
beginning April 1, 1998.  Management views the Company as being two business
segments: institutional furniture and healthcare seating, with the former
being the principal business segment.  The institutional furniture business
segment manufactures and markets lightweight, durable, folding leg tables,
stacking chairs, folding chairs, specialty office systems and seating and
other related products.  The Company's healthcare seating segment manufactures
and markets healthcare chairs and related products.  The Company's healthcare
seating segment represents all of the Company's foreign-based sales.

     Reportable segment data reconciled to the consolidated financial
statements for the nine months ended December 31, 2000 and 1999 is as follows:

                                                  NINE MONTHS ENDED DEC. 31,
                                                    2000             1999
                                                ------------     ------------
Net sales:
  Institutional furniture                        $41,560,000      $31,411,000
  Healthcare seating                               3,204,000        2,514,000
                                                 -----------      -----------
                                                 $44,764,000      $33,925,000
                                                 ===========      ===========
Income (loss) from operations:
  Institutional furniture                        $  (974,000)     $ 4,703,000
  Healthcare seating                                 672,000          296,000
                                                 -----------      -----------
                                                 $  (302,000)     $ 4,999,000
                                                 ===========      ===========
Total assets:
  Institutional furniture                        $29,205,000      $24,484,000
  Healthcare seating                               2,929,000        3,079,000
                                                 -----------      -----------
                                                 $32,134,000      $27,563,000
                                                 ===========      ===========
<PAGE> 11

Depreciation & amortization expense:
  Institutional furniture                        $   949,000      $   502,000
  Healthcare seating                                 125,000          127,000
                                                 -----------      -----------
                                                 $ 1,074,000      $   629,000
                                                 ===========      ===========
Capital expenditures, net:
  Institutional furniture                        $ 2,153,000      $ 2,042,000
  Healthcare seating                                  76,000           24,000
                                                 -----------      -----------
                                                 $ 2,229,000      $ 2,066,000
                                                 ===========      ===========


7.  ACCOUNTING FOR THE IMPAIRMENT OF LONG-LIVED ASSETS AND FOR
LONG-LIVED
ASSETS TO BE DISPOSED OF

     In accordance with SFAS No. 121, "Accounting for the Impairment of Long-
Lived Assets and of Long-Lived Assets to be Disposed Of," the Company
evaluates the carrying value of long term assets based on current and
anticipated undiscounted cash flows and recognizes an impairment when such
cash flows will be less than the carrying values.

     In December 2000, the Company announced it was seeking a potential buyer
of its CenterCore product line.  In accordance with SFAS No. 121, the Company
evaluated the potential impairment of the long-lived assets to be disposed of
related to its CenterCore product line.  An estimate of the fair value of the
goodwill related to the CenterCore product line was made by computing the
present value of estimated expected future cash flows.  The Company determined
that goodwill was impaired.  As a result, the Company incurred a $1,882,000
charge during the current quarter to write off all of the goodwill related to
its CenterCore operations.  Other long-lived assets related to the CenterCore
operations include approximately $256,000 net book value of machinery and
equipment.  The Company believes it can recover at least the net book value of
these assets in a sale or alternatively recover the cost of these assets in
producing and selling other product lines.  In addition to long-lived assets,
the Company has approximately $2.4 million in accounts receivable and $1.8
million in inventory as of December 31, 2000 related to its CenterCore
business .  The Company currently believes it can recover at least the book
value of such assets though ongoing collection efforts, satisfying incoming
orders and/or selling these assets to a potential buyer.  Sales for the
CenterCore business for the nine months ended December 31, 2000 were
approximately $4.5 million and the loss from operations prior to the goodwill
impairment was approximately $3.5 million.

<PAGE> 12

8.  COMPUTATION OF NET INCOME PER SHARE

     The following is the Company's reconciliation of basic and diluted net
income per share for the three and nine months ended December 31, 2000 and
1999 respectively.

                                     THREE MONTHS ENDED    NONE MONTHS ENDED
                                       DECEMBER 31,          DECEMBER 31,
                                      2000      1999         2000      1999
                                   --------- ----------   --------- ----------

Net income (loss) as reported. .  $ (486,000)$1,274,000  $(173,000)$3,525,000
                                  ========== ==========   ========= ==========

BASIC:
    Weighted average number of
      common shares outstanding. . 5,077,823  4,816,458   5,074,009  4,808,951
                                   =========  =========   =========  =========
  Basic net income (loss) per
      share. . . . . . . . . . . .    $(0.10)    $ 0.26      $(0.03)    $ 0.73
                                   =========  =========   =========  =========

DILUTED:
  Common and common equivalent shares
  outstanding:
    Weighted average number of
      common shares outstanding. . 5,077,823  4,816,458   5,074,009  4,808,951
    Common stock equivalents from
      options computed on the
      treasury-stock method using
      the average fair market
      value of common stock
      outstanding during the
      period . . . . . . . . . . .    92,444    360,784     151,034    301,484
                                   ---------  ---------   ---------  ---------
    Shares used in the
      computation. . . . . . . . . 5,170,267  5,177,242   5,225,043  5,110,435
                                   =========  =========   =========  =========
  Diluted net income (loss) per
      share. . . . . . . . . . . .    $(0.09)    $ 0.25      $(0.03)    $ 0.69
                                   =========  =========   =========  =========
<PAGE> 13

9.  DO GROUP, INC. SUBSIDIARY

     The Office Systems Division of DO Group, Inc. has experienced various
operational challenges.  Most of these challenges relate to the Company's
operations located in Marked Tree, Arkansas.  Material costs for the Office
Systems Division increased as a percent of sales primarily because of
outsourcing of component fabrication, increasing obsolescence reserves,
increasing customer services costs, and lower material order quantities.
Small component orders have been more expensive than large productions runs
might have been.  Labor costs as a percentage of net sales have increased
primarily because of operational inefficiencies, lower sales volumes, and
increased customer service costs related to completing incomplete orders,
replacing freight damaged products, and resolving customer complaints.
Overhead costs have increased both as a percentage of sales and in the
aggregate primarily because of lower sales volumes, higher freight costs and
higher personnel costs resulting from these operational difficulties.  The
average sales prices of the Company's products have declined during the last
nine months as a result of discounting on a few large orders and offering some
limited customer service discounts.  In addition, the operation's management
information systems have not yet been adequately implemented to fully support
the operations.  The operational inefficiencies, information system problems,
and their related costs have significantly and adversely impacted the
Company's gross margin and customer service levels.  As a result, the Office
Systems Division has been expediting incoming materials and product shipments
to customers, shipping orders late and sometimes incomplete, incurring
additional warranty and customer services costs, and generally incurring
additional costs as a result of the inefficiencies.  Because of these
problems, DO Group's sales have declined and cumulative losses have grown.

     During the quarter ended June 30, 2000, the Company began the process of
restructuring the DO Group management team and implementing information system
policies and controls which the Company believes will better allow it to
control and manage the Office Systems operations.  The changes and
improvements being made are ongoing and will likely continue for at least the
next several months or until product lines are sold.  Because of the problems
described above, the Office Systems Division has lost some customer orders and
its sales base has deteriorated.  Traditionally, the Company has experienced
strong order volume in its General Service Administration (GSA) or government
market segment during its second and third fiscal quarters each year,
especially from Europe and Asia.  During the six month period ended December
31, 1999, the Company received orders totaling approximately $5.9 million in
the GSA markets.  During the six months ended December 31, 2000, GSA orders
were less than $0.8 million, with limited orders coming from Europe and Asia.
In addition, one of the Company's major OEM customers, which historically has
purchased approximately $2 million annually from the Company, is implementing
product design changes.  These changes have caused this customer to delay
purchases until the design is complete.  This customer has recently approved
the new design and has begun placing orders again with the Company.

<PAGE> 14
     Since acquiring and taking over the direct management of DO Group, the
Company has worked to identify and resolve operational and other problems.
The Company has taken action to reduce the amount of losses being incurred at
DO Group by reducing personnel costs through layoffs and implementing more
sound business practices.  The Company has devoted additional management as
well as outside consulting resources to the resolution of these problems.  In
spite of these cutbacks and other management initiatives, DO Group continues
to sustain losses.  The changes and improvements being made in the DO Group
subsidiary are ongoing and will likely continue for at least the next several
months or until product lines are sold.  The Company cannot assure that
management will be successful in turning around the operations and restoring
the Office Systems Division's customer base.  In December 2000, the Company
announced it was seeking a buyer for the CenterCore product line.  The Company
has received several inquiries regarding CenterCore and is still pursuing the
potential sale of the product line.  The Company is hopeful that a potential
buyer can be identified and a sale consummated but offers no assurances that
it will be successful in selling the CenterCore product line.

10.  SUBSEQUENT EVENTS

     On February 1, 2001, the Company announced that it had retained McDonald
Investments Inc., A KeyCorp Company.  The Company believes the current
financial markets are not fairly valuing the enterprise as a whole and has
hired McDonald to assist it in selling the CenterCore business and in
evaluating strategic alternatives for the Company as a whole, including the
possible sale of the entire enterprise or parts thereof.


ITEM 2.

         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                          AND RESULTS OF OPERATIONS

GENERAL

     The Company designs and manufactures institutional furniture and markets
these products in niche markets.  The Company's product lines consist of
multipurpose room furniture, healthcare seating, call center furniture,
specialty office seating, office systems and dispatch furniture.

     The Company's multipurpose room furniture is marketed under the Mity-Lite
trade name and consists of lightweight, durable, folding leg tables, stacking
chairs, folding chairs, and other related products.  These products are used
in multipurpose rooms of educational, recreational, hotel and hospitality,
government, office, healthcare, religious and other public assembly
facilities.  The Company's stacking chairs are marketed under the MityTuff(R),
MityStack(TM), and MityHost(TM) trade names.  Some of these chairs are
distributed by Mity-Lite under original equipment manufacturer (OEM)
arrangements with other chair manufacturers, while others are manufactured
and/or assembled in the Company's Orem, Utah facility.  In November 1999, the
Company introduced a new line of folding chairs.  This chair line is
manufactured in-house and is marketed under the SwiftSet(TM) trade name.
Historically, the multipurpose room operation's growth has come from an
expanding base of new customers and from increasing sales to existing
customers in this segment of the business.  The multipurpose room operation's
current and future growth is largely dependent upon its ability to
successfully introduce and market new product lines of multipurpose room
furniture such as chairs, staging, flooring, partitions, podiums, risers and
bench seating and its ability to continue increasing its market penetration
into existing markets.
<PAGE> 15

     The Company's healthcare seating operations were acquired in November
1998.  The Company acquired all of the outstanding stock of Broda Enterprises
Inc. for $2.5 million.  Broda's products are marketed under the Broda(TM)
trade name primarily in the Canadian and U.S. markets.  Its operations are
based in Waterloo, Ontario, Canada.

     On April 9, 1999, the Company acquired certain assets and obligations of
The CenterCore Group, Inc. ("CenterCore"), a privately-owned designer,
manufacturer and marketer of pod style and panel systems furniture marketed to
call centers and other high density office use environments.  Two wholly-owned
subsidiaries of MITY Enterprises completed the transactions.  C Core, Inc., a
Utah corporation ("C Core"), purchased the accounts receivable, inventory,
machinery and equipment, intellectual property and certain other assets of The
CenterCore Group, Inc. for approximately $5.3 million.  C Core designs and
markets call center and panel systems furniture under the CenterCore(TM) name.
Product manufacturing was transitioned to DO Group, Inc., a wholly-owned
subsidiary of the Company ("DO Group").

     BOCCC, Inc., also a Utah corporation and wholly-owned subsidiary of the
Company, purchased the outstanding subordinated debt obligations of CenterCore
for $0.5 million.  The outstanding subordinated debt obligations of CenterCore
totaled approximately $2.0 million at closing.  Cash from the Company's
general working capital was used to fund the purchases.

     Effective April 1, 2000, the Company acquired the remaining 50.1 percent
equity interest in DO Group making DO Group a wholly-owned subsidiary of the
Company.  DO Group, headquartered in Elkhart, Indiana, manufactures specialty
office seating and office panel systems.  DO Group markets its products under
the Domore(TM), Corel(TM), JG(TM) and DO3(TM) trade names and has
manufacturing facilities in Elkhart, Indiana and Marked Tree, Arkansas.

     MITY Enterprises exchanged approximately $2.1 million cash and 41,000
shares of MITY Enterprises common stock valued at $677,000 to purchase the
remaining 50.1 percent of DO Group stock from the DO Group shareholders.  In
addition, MITY Enterprises assumed approximately $2.5 million in a revolving
credit line.  The acquisition was treated for accounting purposes as a step
acquisition.  DO Group has become a wholly-owned subsidiary of MITY
Enterprises.  Cash from the Company's general working capital was used to fund
the purchase.  The significant increases in accounts receivable and
inventories as compared to the balances at March 31, 2000 are a direct result
of this acquisition.

     In conjunction with the DO Group acquisition, the Company merged C Core
with DO Group.  The new subsidiary retained the DO Group, Inc. name.  Both DO
Group and C Core produce office systems in a shared manufacturing facility in
Marked Tree, Arkansas (the "Office Systems Division").

<PAGE> 16
     The Office Systems Division of DO Group, Inc. has experienced various
operational challenges.  Most of these challenges relate to the Company's
operations located in Marked Tree, Arkansas.  Material costs for the Office
Systems Division increased as a percent of sales primarily because of
outsourcing of component fabrication, increasing obsolescence reserves,
increasing customer services costs, and lower material order quantities.
Small component orders have been more expensive than large productions runs
might have been.  Labor costs as a percentage of net sales have increased
primarily because of operational inefficiencies, lower sales volumes, and
increased customer service costs related to completing incomplete orders,
replacing freight damaged products, and resolving customer complaints.
Overhead costs have increased both as a percentage of sales and in the
aggregate primarily because of lower sales volumes, higher freight costs and
higher personnel costs resulting from these operational difficulties.  The
average sales prices of the Company's products have declined during the last
nine months as a result of discounting on a few large orders and offering some
limited customer service discounts.  In addition, the operation's management
information systems have not yet been adequately implemented to fully support
the operations.  The operational inefficiencies, information system problems,
and their related costs have significantly and adversely impacted the
Company's gross margin and customer service levels.  As a result, the Office
Systems Division has been expediting incoming materials and product shipments
to customers, shipping orders late and sometimes incomplete, incurring
additional warranty and customer services costs, and generally incurring
additional costs as a result of the inefficiencies.  Because of these
problems, DO Group's sales have declined and cumulative losses have grown.

     During the quarter ended June 30, 2000, the Company began the process of
restructuring the DO Group management team and implementing information system
policies and controls which the Company believes will better allow it to
control and manage the Office Systems operations.  The changes and
improvements being made are ongoing and will likely continue for at least the
next several months or until product lines are sold.  Because of the problems
described above, the Office Systems Division has lost some customer orders and
its sales base has deteriorated.  Traditionally, the Company has experienced
strong order volume in its General Service Administration (GSA) or government
market segment during its second and third fiscal quarters each year,
especially from Europe and Asia.  During the six month period ended December
31, 1999, the Company received orders totaling approximately $5.9 million in
the GSA markets.  During the six months ended December 31, 2000, GSA orders
were less than $0.8 million, with limited orders coming from Europe and Asia.
In addition, one of the Company's major OEM customers, which historically has
purchased approximately $2 million annually from the Company, is implementing
product design changes.  These changes have caused this customer to delay
purchases until the design is complete.  This customer has recently approved
the new design and has begun placing orders again with the Company.

<PAGE> 17
     Since acquiring and taking over the direct management of DO Group, the
Company has worked to identify and resolve operational and other problems.
The Company has taken action to reduce the amount of losses being incurred at
DO Group by reducing personnel costs through layoffs and implementing more
sound business practices.  The Company has devoted additional management as
well as outside consulting resources to the resolution of these problems.  In
spite of these cutbacks and other management initiatives, DO Group continues
to sustain losses.  The changes and improvements being made in the DO Group
subsidiary are ongoing and will likely continue for at least the next several
months or until product lines are sold.  The Company cannot assure that
management will be successful in turning around the operations and restoring
the Office Systems Division's customer base.  In December 2000, the Company
announced it was seeking a buyer for the CenterCore product line.  The Company
has received several inquiries regarding CenterCore and is still pursuing the
potential sale of the product line.  The Company is hopeful that a potential
buyer can be identified and a sale consummated but offers no assurances that
it will be successful in selling the CenterCore product line.

     On February 1, 2001, the Company announced that it had retained McDonald
Investments Inc., A KeyCorp Company.  The Company believes the current
financial markets are not fairly valuing the enterprise as a whole and has
hired McDonald to assist it in selling the CenterCore business and in
evaluating strategic alternatives for the Company as a whole, including the
possible sale of the entire enterprise or parts thereof.

     On April 1, 2000, the Company also created a new corporation called MLI
Acquisition, Inc. ("MLI Acquisition").  With the exception of cash, real
property, certain deferred tax obligations, and investments in and notes
receivable from subsidiaries, all of the assets and liabilities of MITY
Enterprises (formerly known as Mity-Lite, Inc.) were transferred to MLI
Acquisition.  MLI Acquisition has become the operating company for the
multipurpose room furniture operations and is a wholly-owned subsidiary of the
Company.  At the Annual Meeting of the shareholders of the Company held on
August 17, 2000, the shareholders of the Company approved changing its name
from Mity-Lite, Inc. to MITY Enterprises, Inc.  In December 2000, the Company
changed the name of MLI Acquisition to Mity-Lite, Inc.

Comparison of the Three Months and Nine Months Ended December 31, 2000 and
1999

     NET SALES.  The Company's third quarter fiscal 2001 net sales of
$13,321,000 were up 14 percent as compared with the third quarter net sales in
the prior fiscal year.  For the quarter ended December 31, 2000, the increase
reflects sales growth, as compared to the quarter ended December 31, 1999, of
18 percent in the Company's healthcare chair market partially offset by
declining sales of 76 percent in the office systems market related to C Core
sales.  Sales in the Company's multipurpose room markets were flat as compared
to last year's third quarter sales.  Specialty office seating and systems
sales, related to the DO Group purchase, represented 25 percent of net sales
for the third quarter of fiscal 2001.  The Company's total international sales
represented 10 percent of net sales for the third quarter ended December 31,
2000 as compared to 9 percent in the third quarter of fiscal 2000.

<PAGE> 18
     For the nine months ended December 31, 2000, the Company's net sales of
$44,764,000 represented an increase of 32 percent over the same period in the
prior fiscal year.  For the nine months ended December 31, 2000, the increase
reflected sales growth, as compared to the first nine months of fiscal 2000,
of 10 percent in the Company's multipurpose room markets, 27 percent in the
healthcare chair market partially offset by declining sales of 28 percent in
the office systems market related to C Core sales.  Specialty office seating
and systems sales, related to the DO Group acquisition, represented 21 percent
of net sales for the nine months ended December 31, 2000.  International sales
represented 12 percent of net sales for the nine months ended December 31,
2000 as compared to 10 percent in the same period of fiscal 2000.

     GROSS PROFIT.  Gross profit as a percentage of net sales decreased over
the prior year by 5 percentage points, to 34 percent for the quarter ended
December 31, 2000.  During the quarter, the Company continued to experience
various operational problems with its recently acquired DO Group subsidiary.
Specifically, the Company has experienced increasing labor, material and
overhead costs, lower sales prices, operational inefficiencies, information
system problems, and other related costs which have significantly and
adversely impacted the Company's gross margin and customer service levels.  As
a result, the Company has been expediting incoming materials and shipments to
customers, shipping orders late and sometimes incomplete, and generally
incurring additional costs as a result of the inefficiencies.   The majority
of the decrease in gross profit margins was due to these problems at DO Group.

     For reasons stated above, gross profit as a percentage of net sales
decreased over the prior year by 11 percentage points to 29 percent for the
nine month period ended December 31, 2000.  In addition, the decrease in gross
margin included an additional inventory reserve related to DO Group of
$340,000 which was recorded during the second quarter.  The Company also
experienced a 2 percentage point decrease in gross margins in its multipurpose
room products.  This decrease primarily resulted from increasing chair sales
(which are sold at lower gross margins) and increasing material, labor,
freight, personnel and facility costs related to the Company's table sales.
With increasing fuel prices and a tightening labor market, the Company may
continue to experience further pressures on its gross margins.

     SELLING EXPENSES.  Selling expenses were 18 percent of net sales in the
third quarter of fiscal 2001 as compared to 17 percent for the third quarter
of the prior fiscal year.  Actual expenses increased by $448,000 or 23
percent.  The increase in actual expenses was primarily due to selling costs
related to the recent DO Group acquisition and increases in the multipurpose
room operations selling expenses.  Multipurpose room furniture selling costs
increased by $185,000 over the prior fiscal year.  This increase resulted from
higher costs for commissions and salaries, additional advertising expenditures,
and higher trade show costs.

     Selling expenses were 17 percent of net sales in the nine months ended
December 31, 2000 as compared to 17 percent for the same period in the prior
fiscal year.  Actual expenses increased by $1,983,000 or 35 percent.  The
increase in actual expenses was primarily due to selling costs related to the
recent DO Group acquisition and increases in the multipurpose room operations
selling expenses.  Multipurpose room furniture selling costs increased by
$780,000 over the prior year.  This increase resulted from higher costs for
commissions and salaries due to the higher sales volume and higher trade show
costs.

<PAGE> 19
     GENERAL AND ADMINISTRATIVE EXPENSES.  General and administrative expenses
were 6 percent of net sales for the third quarter of fiscal 2001 as compared
to 6 percent for the third quarter of the prior fiscal year.  Actual spending
increased by 13 percent, or $90,000.  The increase was mainly due to general
and administrative costs associated with DO Group.

     General and administrative expenses were 6 percent of net sales in the
nine months ended December 31, 2000, as compared to 6 percent for the same
period in the prior fiscal year.  Actual spending increased 28 percent, or
$611,000.  The increase was mainly due to increased general and administrative
costs associated with DO Group, including an additional bad debt reserve
incurred in the second fiscal quarter of 2001 of $150,000.  Healthcare seating
general and administrative costs increased by $49,000 or 27 percent due
primarily to additional personnel-related expenses and an increase in bad debt
reserves.

     RESEARCH AND DEVELOPMENT EXPENSES.  Research and development expenses
were 2 percent of net sales for the third quarter of fiscal 2001 as compared
to 2 percent for the third quarter of the prior fiscal year.  Actual spending
increased by 29 percent, or $55,000.  The increase was due to additional
research and development costs associated with DO Group.

     Research and development expenses were 2 percent of net sales for the
nine months ended December 31, 2000 as compared to 2 percent for the same
period of the prior fiscal year.  Actual spending increased by 26 percent, or
$170,000.  The increase was due to additional research and development costs
associated with DO Group.

     GOODWILL IMPAIRMENT LOSS.  In accordance with SFAS No. 121, "Accounting
for the Impairment of Long-Lived Assets and of Long-Lived Assets to be
Disposed Of," the Company evaluates the carrying value of long term assets
based on current and anticipated undiscounted cash flows and recognizes
impairment when such cash flows will be less than the carrying values.  In
accordance with SFAS No. 121, the Company evaluated the potential impairment
of the long-lived assets to be disposed of related to its CenterCore product
line.  During this evaluation, the Company determined that goodwill was
impaired.  As a result, the Company incurred a $1,882,000 charge during the
current quarter to write off the goodwill related to its CenterCore
operations.

     OTHER INCOME AND EXPENSE.  Other income and expense netted to $31,000 for
the third quarter of fiscal 2001.  Third quarter interest income was $35,000,
a decrease of $78,000 from the third quarter of the prior fiscal year.  The
decrease was due to less interest earned on the lower cash balance held in the
current fiscal year resulting from cash being used for the DO Group
acquisition and to support operating losses at DO Group.  The Company incurred
interest expense of $3,000 for the third quarter of fiscal 2001 as compared to
$8,000 in the prior year's third quarter.  In the third quarter of the prior
fiscal year, the Company also recognized income of $135,000 from its
investment in DO Group which was accounted for using the equity method of
accounting.  Since the Company acquired the remaining 50.1 percent interest in
DO Group at the beginning of this fiscal year, DO Group sales and income have
been fully consolidated into the Company's financial statements rather than
using the equity method as in prior years.

<PAGE> 20
     Other income and expense netted to $23,000 for the nine months ended
December 31, 2000.  Nine month interest income was $59,000, a decrease of
$274,000 from the same period in the prior fiscal year.  The Company had
interest expense of $43,000 for the nine months ended December 31, 2000 as
compared to $23,000 for the nine months ended December 31, 1999. In the nine
months ended December 31, 1999, the Company also recognized income of $306,000
from its investment in DO Group, which was accounted for using the equity
method of accounting.

     NET INCOME.  For reasons stated above, the Company's fiscal 2001 third
quarter net loss of $486,000 decreased $1,760,000 over the third quarter net
income in the prior fiscal year.  The Company's net loss of $173,000 for the
nine month period ended December 31, 2000 decreased $3,698,000 over the same
period of the prior year.


LIQUIDITY AND CAPITAL RESOURCES

     Cash and cash equivalents, which consist primarily of repurchase
agreements collateralized with U.S. Treasury securities, totaled $3.21 million
at December 31, 2000 as compared to $6.14 million at March 31, 2000.  The
decrease in cash and cash equivalents was due primarily to the reduction in
the line of credit ($2.82 million), the DO Group acquisition ($2.13 million)
in April 2000, purchases of property and equipment ($2.23 million), and the
purchase and retirement of common stock ($0.45 million).  This decrease was
partially offset by cash provided by operating activities ($2.35 million) and
net proceeds related to the exercise of stock options ($2.39 million).

     Historically, the Company has financed its growth primarily through cash
from operations.  The Company also has a revolving credit facility with Zions
First National Bank.  The agreement, which expires on May 25, 2001, allows the
Company to draw up to $4.0 million under the credit facility.  As of December
31, 2000, the Company had no amount drawn under this facility.  The Company's
subsidiary, Broda Enterprises, also has a line of credit.  The limit on this
facility is $0.67 million.  As of December 31, 2000, no amount was drawn under
this facility.  Both credit facilities require the maintenance of certain
financial ratios and levels of working capital.  As of December 31, 2000, the
Company was in full compliance with the loan covenants related to the Broda
Enterprises credit facility.  However, as of December 31, 2000, the Company
did not meet the minimum quarterly net income required in the Zions First
National Bank credit facility.  The Company has obtained a waiver of this
requirement from Zions First National Bank.  The Company cannot assure that it
will be able to satisfy this covenant in future quarters or obtain additional
waivers from its lender.  The Company's liquidity is partially dependent upon
the availability of its credit facility.

<PAGE> 21
     The Company currently believes that cash flow from its current operations
together with existing cash reserves and available lines of credit will be
sufficient to support its working capital requirements for its existing
operations for at least the next 12 months.  However, the Company's working
capital requirements have significantly increased because of the DO Group
acquisition, losses in the DO Group operations and the construction of a new
manufacturing facility, and may further increase as a result of continuing
losses in its DO Group subsidiary.  As a result of the operational challenge
in the Company's DO Group subsidiary, the Company may access the Company's
line of credit from time to time on a short term basis to meet cash flow
requirements for the business as a whole.  No assurances are given as to the
sufficiency of the Company's working capital to support the Company's
operations particularly in light of current problems in the DO Group
operations.  Substantial investment of capital and management resources will
be required regardless of the strategic alternatives explored or pursued by
the Company with respect to the DO Group operations and its efforts to sell
the CenterCore business.  If the existing cash reserves, cash flow from
operations and debt financing are insufficient or if working capital
requirements are greater than currently estimated, the Company could be
required to raise additional capital.  There can be no assurance the Company
will be capable of raising additional capital or that the terms upon which
such capital will be available to the Company will be acceptable.  Additional
sources of equity capital are available to the Company through the exercise by
holders of outstanding options.  At December 31, 2000, the proceeds which
would have been received by the Company upon exercise of outstanding options
which were exercisable on that date were approximately $0.6 million.  There is
no assurance that such options will be exercised.

     The Company's material cash commitments at December 31, 2000 include
current liabilities of $4.75 million to be repaid from funds generated from
operations.  Current liabilities consist of $1.98 million in accounts payable,
$1.76 million in accrued payroll, $0.87 million in accrued expenses and $0.14
million in other accruals.  The Company has also entered into a lease
agreement with a related party for its Orem production and office facility
under which it is obligated to pay $17,100 per month through March 2005.  The
Company has also entered into two lease agreements for Broda's production and
office facilities under which it is obligated to pay $10,519 Canadian
(approximately US $7,000) per month through August 2002.  The Company also
leases a facility in Elkhart, Indiana, for which the Company entered into a
five year lease agreement on April 1, 1997 with monthly payments of $11,800.
During the second quarter of fiscal 2000, the Company completed building a new
facility with office and manufacturing space.  A total of $2.1 million was
spent on the land and facility.  During the second quarter, the Company also
started constructing additional manufacturing space on the new facility.  As
of December 31, 2000, $0.4 million had been spent on this new addition.  The
Company anticipates additional spending of approximately $0.1 million for a
total of $0.5 million in capital expenditures.  These additional expenditures
are anticipated to be completed by the end of the fourth quarter of fiscal
2001 and will be funded with cash from operations and draws under the bank
line of credit.

     On February 1, 2001, the Company announced that it had retained McDonald
Investments Inc., A KeyCorp Company.  The Company believes the current
financial markets are not fairly valuing the enterprise as a whole and has
hired McDonald to assist it in selling the CenterCore business and in
evaluating strategic alternatives for the Company as a whole, including the
possible sale of the entire enterprise or parts thereof.

<PAGE> 22
FORWARD-LOOKING STATEMENTS AND FACTORS THAT MAY AFFECT FUTURE
RESULTS OF
OPERATIONS

     Certain statements made above in this filing are "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995 (the "Reform Act").  In addition, when used in this filing, the words
or phrases "may," "will," "Management believes," "Company believes," "Company
intends," "estimates," "projects," "anticipates," "plans," "expects" and
similar expressions are intended to identify "forward-looking statements"
within the meaning of the Reform Act.

     Forward-looking statements contained herein include plans and objectives
of management for future operations, including the Company's efforts to
turnaround the DO Group Office Systems operations, and objectives relating to
the Company's products, marketing, customers, product line expansions, and
enhancements of the Company's manufacturing processes.  These forward-looking
statements involve risks and uncertainties and are based on certain
assumptions that may not be realized.  Actual results and outcomes may differ
materially from those discussed or anticipated.  The forward-looking statements
and associated risks set forth herein and elsewhere in this quarterly report
relate to: (i) references to an expanding base of new customers and increasing
sales to new customers related to the Company's multi-purpose room furniture
operations; (ii) references to current and future growth in the Company's
multi-purpose room operations being largely dependent upon the Company's
ability to successfully introduce and market new product lines; (iii)
statements that changes and improvements in the Company's DO Group subsidiary
are being made and continue to be made and are likely to continue for at least
the next several months; (iv) references to the Company's efforts to
restructure management of the DO Group subsidiary; (v) statements related to
the Company's anticipation that a major OEM customer will continue to place
orders with the Company; (vi) statements relating to the Company's efforts
the sell the CenterCore product line and plans to evaluate all strategic
alternatives related to the DO Group subsidiary and that the Company has
not yet decided to pursue a specific strategic alternative; (vii) statements
indicating that the Company has hired McDonald Investments to find a buyer
for CenterCore and assist the Company in evaluating strategic alternatives,
and the Company's belief it can recover at least the net book value of the
remaining CenterCore assets or use these assets in other product lines;
(viii) statements indicating that increasing fuel prices and a tightening
labor market may continue to put pressure on the Company's gross margins;
(ix) statements relating to the Company's beliefs that cash flow from its
current operations, existing cash reserves, and available lines of credit
will be sufficient to support its working capital requirements to fund existing
operations for at least the next twelve months; (x) statements relating to
continuing losses in the Company's DO Group subsidiary and working capital
requirements related thereto; (xi) the Company's anticipation that it will
access the Company's line of credit from time to time to meet the cash flow
requirements for the business as a whole; (xii) the Company's anticipation
that substantial investment of capital and management resources will be
required to improve DO Group's operations regardless of the strategic
alternatives explored or pursued by the Company; (xiii) statements relating to
the Company's possible need to raise additional capital if its cash flow from
operations and debt financing are insufficient to fund the Company's working
capital requirements; (xiv) other statements of the Company related to the
operational difficulties in its DO Group subsidiary; and (xv) statements
related to anticipated capital expenditures.

<PAGE> 23
     All forward-looking statements involve predictions and are subject to
known and unknown risks and uncertainties, including, without limitation,
those discussed below as well as general economic and business conditions,
that could cause actual results to differ materially from historical results
and those presently anticipated or projected.  Readers should not place undue
reliance on any such forward-looking statements, which speak only as of the
date made.

     The considerations listed below and elsewhere in this filing could affect
the Company's financial performance and could cause the Company's actual
results for future periods to differ materially from any views or statements
expressed with respect to future periods.  Important factors and risks that
might cause such differences, include, but are not limited to (a) the
inability of management to successfully install in a timely manner and operate
adequate management information systems in its DO Group subsidiary leading to
manufacturing inefficiencies, higher material and labor costs, lower gross
margins and profitability, inefficient or inaccurate inventory management and
continuing customer dissatisfaction; (b) the Company's inability to increase
sales, increase consumer confidence and restore DO Group's customer base; (c)
the Company's inability to fund continuing losses at DO Group; (d) the
Company's inability for any reason to pursue a satisfactory strategic
alternative with respect to DO Group, (e) the Company's inability to find a
buyer for its CenterCore business or to consummate such a sale on acceptable
terms; (f) the Company's inability to identify and pursue beneficial strategic
alternatives for the Company as a whole, (g) loss of important customer
contracts; (h) limited management and key employee resources; (i) the
Company's inability to reduce the accounts receivable and inventory balances
in its DO Group subsidiary; (j) the Company's inability to effectively
restructure DO Group's management team;  (k) declines in sales volumes and
profit margins in the Company's core businesses; (l) lower than expected
revenue, revenue growth, cash flow and gross margins from operations because
of recent acquisitions (particularly DO Group, Inc.) and any operating and
post acquisition integration challenges related thereto, adverse economic or
business conditions or the Company's inability, for any reason, to profitably
introduce new products or implement its marketing strategies in the healthcare
seating, call center, and specialty seating and office panel systems markets,
(m) management's ability to manage effectively the Company's growth, (n) the
Company's ability to expand successfully into new markets such as in the
healthcare seating and seating accessories, call center, specialty seating and
office panel systems markets, (o) import restrictions and economic conditions
in the Company's foreign markets and foreign currency risks associated
therewith, (p) increased competition in the Company's existing and future
markets, (q) the market's acceptance of products currently being developed by
the Company, (r) the Company's ability to maintain relatively low cost labor
rates in a period of lower unemployment, (s) the Company's ability to source a
sufficient volume of acceptable raw materials at current prices, (t) increased
product warranty service costs if warranty claims increase as a result of the
Company's new product introductions or acquisitions or for any other reason,
(u) the Company's ability to refine and enhance the quality and productivity
of its manufacturing process and build its new manufacturing facility on a
cost effective and timely basis, (v) the Company's ability to manufacture and
market at current margins high quality, high performance products at
competitive prices, (w) the Company's ability to locate and successfully
consummate and integrate acquisitions, if any, of complementary product lines
or companies on terms acceptable to the Company and effectively integrate such
acquisitions into the Company's operations, (x) the Company's ability to
obtain waivers from its lenders, if needed, and the continued availability of
<PAGE> 24
credit facilities, (y) the Company's ability to retain and maintain
relationships with key customers, and (z) the Company's inability to raise
capital, if needed.  No assurance can be given that the Company will be
able to correct the current DO Group, Inc. operational problems or
satisfactorily address or resolve any of the foregoing risks or contingencies.

     In light of the significant uncertainties inherent in forward-looking
statements, the inclusion of any such statement should not be regarded as a
representation by the Company or any other person that the objectives or plans
of the Company will be achieved.  The Company disclaims any obligation or
intent to update any such factors or forward-looking statements to reflect
future events or developments.

                         PART II:  OTHER INFORMATION

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         None


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         (a)  Exhibits:
                11.1  Computation of Net Income per Share

         (b)  Reports on Form 8-K
                On November 13, 2000 the Company filed a current report on
                Form 8-K relating to its earnings notification for the second
                fiscal quarter and its expectation to report a loss and
                restate results for the first fiscal quarter.

                On November 20, 2000 the Company filed a current report on
                Form 8-K announcing its financial results for the second
                fiscal quarter and restating results for the first fiscal
                quarter.

<PAGE> 25


                                  SIGNATURES

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

                                        MITY Enterprises, Inc.


Date: February 13, 2001                 /s/ Gregory L. Wilson
                                        -------------------------------------
                                        Gregory L. Wilson
                                        Chairman of the Board, President,
                                        and Director (Principal Executive
                                        Officer)

Date: February 13, 2001                 /s/ Bradley T Nielson
                                        -------------------------------------
                                        Bradley T Nielson
                                        Chief Financial Officer
                                        (Principal Financial and Accounting
                                        Officer)