Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Sep. 30, 2017
Current assets:    
Cash and cash equivalents $ 393 $ 572
Accounts receivable, less allowances of $1,439 and $1,433, respectively 62,567 47,557
Income tax receivable 0 352
Inventories, net 169,601 174,551
Note receivable 150 2,016
Prepaid expenses and other current assets 3,731 2,646
Total current assets 236,442 227,694
Property, plant and equipment, net of accumulated depreciation of $71,943 and $67,780, respectively 50,794 42,706
Goodwill 30,417 19,917
Intangibles, net 20,877 16,151
Deferred income taxes 1,488 5,002
Other assets 6,945 6,332
Total assets 346,963 317,802
Current liabilities:    
Accounts payable 50,401 46,335
Accrued expenses 15,618 17,704
Income tax payable 291 0
Current portion of capital lease financing 3,309 848
Current portion of long-term debt 6,156 7,548
Total current liabilities 75,775 72,435
Long-term taxes payable 7,414 0
Long-term debt, less current maturities 8,007 2,519
Long-term debt, less current maturities 98,857 85,306
Other liabilities 0 55
Contingent consideration 7,200 1,600
Total liabilities 197,253 161,915
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 7,090,062 and 7,300,297 shares outstanding as of June 30, 2018, and September 30, 2017, respectively 96 96
Additional paid-in capital 61,318 61,065
Retained earnings 125,581 127,358
Accumulated other comprehensive income (loss) 267 (35)
Treasury stock —2,556,910 and 2,346,675 shares as of June 30, 2018, and September 30, 2017, respectively (37,552) (32,597)
Total shareholders’ equity 149,710 155,887
Total liabilities and shareholders' equity $ 346,963 $ 317,802