Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Sep. 30, 2017
Current assets:    
Cash and cash equivalents $ 434 $ 572
Accounts receivable, less allowances of $1,447 and $1,433, respectively 60,083 47,557
Income tax receivable 0 352
Inventories, net 172,213 174,551
Note receivable 200 2,016
Prepaid expenses and other current assets 3,985 2,646
Total current assets 236,915 227,694
Property, plant and equipment, net of accumulated depreciation of $71,477 and $67,780, respectively 50,093 42,706
Goodwill 29,717 19,917
Intangibles, net 20,885 16,151
Deferred income taxes 1,996 5,002
Other assets 6,288 6,332
Total assets 345,894 317,802
Current liabilities:    
Accounts payable 50,315 46,335
Accrued expenses 13,669 17,704
Income tax payable 256 0
Current portion of capital lease financing 2,336 848
Current portion of long-term debt 6,356 7,548
Total current liabilities 72,932 72,435
Long-term taxes payable 7,414 0
Long-term capital lease financing, less current maturities 8,402 2,519
Long-term debt, less current maturities 105,798 85,306
Other liabilities 0 55
Contingent consideration 5,850 1,600
Total liabilities 200,396 161,915
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 7,152,440 and 7,300,297 shares outstanding as of March 31, 2018, and September 30, 2017, respectively 96 96
Additional paid-in capital 60,561 61,065
Retained earnings 121,032 127,358
Accumulated other comprehensive income (loss) 167 (35)
Treasury stock —2,494,532 and 2,346,675 shares as of March 31, 2018, and September 30, 2017, respectively (36,358) (32,597)
Total shareholders’ equity 145,498 155,887
Total liabilities and shareholders' equity $ 345,894 $ 317,802