Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 01, 2017
Oct. 01, 2016
Current assets:    
Cash and cash equivalents $ 489 $ 397
Accounts receivable, less allowances of $1,852 and $1,978, respectively 56,310 63,609
Income tax receivable 842 86
Inventories, net 175,873 164,247
Note receivable 2,889 0
Prepaid expenses and other current assets 4,414 4,145
Total current assets 240,817 232,484
Property, plant and equipment, net of accumulated depreciation of $67,453 and $63,585, respectively 42,443 43,503
Goodwill 19,917 36,729
Intangibles, net 16,376 20,922
Deferred income taxes 3,705 5,246
Other assets 6,034 5,768
Total assets 329,292 344,652
Current liabilities:    
Accounts payable 47,491 51,395
Accrued expenses 17,832 21,706
Current portion of long-term debt 7,771 9,192
Total current liabilities 73,094 82,293
Long-term debt, less current maturities 94,885 106,603
Other liabilities 2,141 1,241
Contingent consideration 1,900 2,500
Total liabilities 172,020 192,637
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 7,495,326 and 7,609,727 shares outstanding as of July 1, 2017 and October 1, 2016, respectively 96 96
Additional paid-in capital 60,880 60,847
Retained earnings 125,091 116,679
Accumulated other comprehensive loss (12) (112)
Treasury stock —2,151,646 and 2,037,245 shares as of July 1, 2017 and October 1, 2016, respectively (28,783) (25,495)
Total shareholders’ equity 157,272 152,015
Total liabilities and shareholders' equity $ 329,292 $ 344,652