Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 02, 2021
Oct. 03, 2020
Assets    
Cash and cash equivalents $ 9,376 $ 16,458
Accounts receivable, less allowances of $251 and $684, respectively 66,973 60,146
Other receivables 761 854
Income tax receivable 356 0
Inventories, net 161,703 145,515
Prepaid expenses and other current assets 3,794 3,795
Total current assets 242,963 226,768
Property, plant and equipment, net 67,564 63,950
Goodwill 37,897 37,897
Intangible assets, net 26,291 19,948
Deferred income taxes 1,854 4,052
Operating lease assets 45,279 54,645
Equity method investment 10,433 10,573
Other assets 2,007 2,398
Total assets 434,288 420,231
Liabilities:    
Accounts payable 52,936 49,800
Accrued expenses 29,949 20,174
Income taxes payable 379 379
Current portion of finance leases 6,621 6,956
Current portion of operating leases 8,509 9,039
Current portion of long-term debt 7,067 7,559
Current portion of contingent consideration 0 2,120
Total current liabilities 105,461 96,027
Long-term income taxes payable 3,220 3,599
Long-term finance leases, less current maturities 15,669 11,328
Long-term operating leases, less current maturities 38,546 46,570
Long-term debt, less current maturities 101,680 112,782
Long-term contingent consideration 1,897 4,300
Deferred income taxes 1,520 0
Other liabilities 2,101 2,939
Total liabilities 270,094 277,545
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 6,974,660 and 6,890,118 shares outstanding as of September 2021, and September 2020, respectively 96 96
Additional paid-in capital 60,831 61,005
Retained earnings 146,860 126,564
Accumulated other comprehensive loss (786) (1,322)
Treasury stock —2,672,312 and 2,756,854 shares as of September 2021, and September 2020, respectively (42,149) (43,133)
Equity attributable to Delta Apparel, Inc. 164,852 143,210
Equity attributable to non–controlling interest (658) (524)
Total equity 164,194 142,686
Total liabilities and equity $ 434,288 $ 420,231