Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 28, 2019
Sep. 28, 2019
Assets    
Cash and cash equivalents $ 433 $ 605
Accounts receivable, less allowances of $596 and $327, respectively 54,819 59,337
Other receivables 658 1,550
Inventories, net 197,315 179,107
Prepaid expenses and other current assets 3,698 2,999
Total current assets 256,923 243,598
Property, plant and equipment, net of accumulated depreciation of $84,285 and $81,807, respectively 61,255 61,404
Goodwill 37,897 37,897
Intangible assets, net 21,155 21,607
Deferred income taxes 1,514 1,514
Operating lease assets 41,996
Equity method investment 10,689 10,388
Other assets 2,584 1,580
Total assets 434,013 377,988
Current liabilities:    
Accounts payable 57,291 52,320
Accrued expenses 16,798 20,791
Current portion of contingent consideration 2,700 2,790
Current portion of finance leases 6,822 6,434
Current portion of operating leases 8,497
Current portion of long-term debt 7,337 6,540
Total current liabilities 99,445 88,875
Long-term income taxes payable 3,875 3,977
Long-term contingent consideration 5,970 6,304
Long-term finance leases, less current maturities 12,734 12,836
Long-term operating leases, less current maturities 34,430
Long-term debt, less current maturities 120,468 109,296
Deferred income taxes 1,561 1,519
Other non-current liabilities 1,119 1,293
Total liabilities 279,602 224,100
Shareholders’ equity:    
Preferred stock—$0.01 par value, 2,000,000 shares authorized, none issued and outstanding
Common stock —$0.01 par value, 15,000,000 shares authorized, 9,646,972 shares issued, and 6,988,823 and 6,921,417 shares outstanding as of December 28, 2019, and September 28, 2019, respectively 96 96
Additional paid-in capital 58,825 59,855
Retained earnings 137,860 136,937
Accumulated other comprehensive loss (838) (969)
Treasury stock —2,658,149 and 2,725,555 shares as of December 28, 2019, and September 28, 2019, respectively (41,119) (41,750)
Equity attributable to Delta Apparel, Inc. 154,824 154,169
Equity attributable to non-controlling interest (413) (281)
Total equity 154,411 153,888
Total liabilities and equity $ 434,013 $ 377,988