Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 29, 2012
Jun. 30, 2012
Current assets:    
Cash and cash equivalents $ 1,840 $ 467
Accounts receivable, less allowances of $1,782 and $2,136, respectively 69,297 73,856
Income tax receivable 7,270 8,796
Inventories, net 161,814 161,633
Prepaid expenses and other current assets 3,938 3,770
Deferred income taxes 3,890 4,964
Total current assets 248,049 253,486
Property, plant and equipment, net 39,272 39,425
Goodwill 16,812 16,812
Intangibles, net 6,645 6,797
Other assets 3,780 3,874
Total assets 314,558 [1] 320,394
Current liabilities:    
Accounts payable 44,898 46,320
Accrued expenses 21,395 16,608
Current portion of long-term debt 3,529 3,529
Total current liabilities 69,822 66,457
Long-term debt, less current maturities 99,049 110,949
Deferred income taxes 3,531 3,803
Other liabilities 224 218
Total liabilities 172,626 181,427
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 8,363,105 and 8,424,709 shares outstanding as of September 29, 2012 and June 30, 2012, respectively 96 96
Additional paid-in capital 60,709 60,367
Retained earnings 94,392 90,830
Accumulated other comprehensive loss (158) (129)
Treasury stock — 1,283,867 and 1,222,263 shares as of September 29, 2012 and June 30, 2012, respectively (13,107) (12,197)
Total shareholders’ equity 141,932 138,967
Total liabilities and shareholders' equity $ 314,558 $ 320,394
[1] * All goodwill and intangibles on our balance sheet are included in the branded segment.