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
Dec. 29, 2012
Jun. 30, 2012
Current assets:    
Cash and cash equivalents $ 940 $ 467
Accounts receivable, less allowances of $1,845 and $2,312, respectively 56,751 73,856
Income tax receivable 8,852 8,796
Inventories, net 168,357 161,633
Prepaid expenses and other current assets 4,994 3,770
Deferred income taxes 3,500 4,964
Total current assets 243,394 253,486
Property, plant and equipment, net 39,549 39,425
Goodwill 16,812 16,812
Intangibles, net 6,493 6,797
Other assets 3,691 3,874
Total assets 309,939 [1] 320,394
Current liabilities:    
Accounts payable 44,913 46,320
Accrued expenses 17,062 16,608
Current portion of long-term debt 3,529 3,529
Total current liabilities 65,504 66,457
Long-term debt, less current maturities 101,351 110,949
Deferred income taxes 3,128 3,803
Other liabilities 190 218
Total liabilities 170,173 181,427
Commitments and contingencies 0 0
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 8,227,593 and 8,424,709 shares outstanding as of December 29, 2012 and June 30, 2012, respectively 96 96
Additional paid-in capital 60,444 60,367
Retained earnings 94,437 90,830
Accumulated other comprehensive loss (134) (129)
Treasury stock — 1,419,379 and 1,222,263 shares as of December 29, 2012 and June 30, 2012, respectively (15,077) (12,197)
Total shareholders’ equity 139,766 138,967
Total liabilities and shareholders' equity $ 309,939 $ 320,394
[1] * All goodwill and intangibles on our balance sheet are included in the branded segment.