Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 30, 2017
Sep. 30, 2017
Current assets:    
Cash and cash equivalents $ 603 $ 572
Accounts receivable, less allowances of $1,502 and $1,433, respectively 51,010 47,557
Income tax receivable 404 352
Inventories, net 174,505 174,551
Note receivable 1,031 2,016
Prepaid expenses and other current assets 3,885 2,646
Total current assets 231,438 227,694
Property, plant and equipment, net of accumulated depreciation of $69,320 and $67,780, respectively 45,449 42,706
Goodwill 19,917 19,917
Intangibles, net 15,925 16,151
Deferred income taxes 2,656 5,002
Other assets 6,277 6,332
Total assets 321,662 317,802
Current liabilities:    
Accounts payable 45,597 47,183
Accrued expenses 13,503 17,704
Current portion of long-term debt 6,600 7,548
Total current liabilities 65,700 72,435
Long-term debt, less current maturities 99,360 85,306
Income tax payable 8,058 0
Other liabilities 4,734 2,574
Contingent consideration 1,300 1,600
Total liabilities 179,152 161,915
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 7,227,374 and 7,300,297 shares outstanding as of December 30, 2017, and September 30, 2017, respectively 96 96
Additional paid-in capital 59,856 61,065
Retained earnings 117,402 127,358
Accumulated other comprehensive income (loss) 51 (35)
Treasury stock —2,419,598 and 2,346,675 shares as of December 30, 2017, and September 30, 2016, respectively (34,895) (32,597)
Total shareholders’ equity 142,510 155,887
Total liabilities and shareholders' equity $ 321,662 $ 317,802