Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 01, 2017
Oct. 01, 2016
Current assets:    
Cash and cash equivalents $ 686 $ 397
Accounts receivable, less allowances of $2,415 and $1,978, respectively 59,598 63,609
Income tax receivable 328 86
Inventories, net 180,699 164,247
Note receivable 2,850 0
Prepaid expenses and other current assets 4,097 4,145
Total current assets 248,258 232,484
Property, plant and equipment, net of accumulated depreciation of $66,118 and $63,585, respectively 43,060 43,503
Goodwill 19,917 36,729
Intangibles, net 16,601 20,922
Deferred income taxes 3,800 5,246
Other assets 5,755 5,768
Total assets 337,391 344,652
Current liabilities:    
Accounts payable 63,854 51,395
Accrued expenses 16,832 21,706
Current portion of long-term debt 8,172 9,192
Total current liabilities 88,858 82,293
Long-term debt, less current maturities 89,203 106,603
Other liabilities 2,281 1,241
Contingent consideration 2,300 2,500
Total liabilities 182,642 192,637
Shareholders’ equity:    
Preferred stock—$0.01 par value, 2,000,000 shares authorized, none issued and outstanding 0 0
Common stock —$0.01 par value, 15,000,000 shares authorized, 9,646,972 shares issued, and 7,586,675 and 7,609,727 shares outstanding as of April 1, 2017 and October 1, 2016, respectively 96 96
Additional paid-in capital 60,540 60,847
Retained earnings 120,621 116,679
Accumulated other comprehensive loss (30) (112)
Treasury stock —2,060,297 and 2,037,245 shares as of April 1, 2017 and October 1, 2016, respectively (26,478) (25,495)
Total shareholders’ equity 154,749 152,015
Total liabilities and shareholders' equity $ 337,391 $ 344,652