Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Oct. 01, 2016
Assets    
Cash and cash equivalents $ 572 $ 397
Accounts receivable, net 47,304 63,013
Other receivables 253 596
Income tax receivable 352 86
Inventories, net 174,551 164,247
Note receivable 2,016 0
Prepaid expenses and other current assets 2,646 4,145
Total current assets 227,694 232,484
Property, plant and equipment, net 42,706 43,503
Goodwill 19,917 36,729
Intangible assets, net 16,151 20,922
Deferred income taxes 5,002 5,246
Other assets 6,332 5,768
Total assets 317,802 344,652
Liabilities:    
Accounts payable 47,183 51,395
Accrued expenses 17,704 21,706
Current portion of long-term debt 7,548 9,192
Total current liabilities 72,435 82,293
Long-term debt, less current maturities 85,306 106,603
Other liabilities 2,574 1,241
Contingent consideration 1,600 2,500
Total liabilities 161,915 192,637
Commitments and contingencies
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 7,300,297 and 7,609,727 shares outstanding as of September 30, 2017, and October 1, 2016, respectively 96 96
Additional paid-in capital 61,065 60,847
Retained earnings 127,358 116,679
Accumulated other comprehensive loss (35) (112)
Treasury stock —2,346,675 and 2,037,245 shares as of September 30, 2017, and October 1, 2016, respectively (32,597) (25,495)
Total shareholders’ equity 155,887 152,015
Total liabilities and shareholders’ equity $ 317,802 $ 344,652