Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Oct. 01, 2022
Assets    
Cash and cash equivalents $ 327,000 $ 300,000
Accounts receivable, less allowances of $63 and $109, respectively 57,755,000 68,215,000
Other receivables 2,396,000 1,402,000
Income tax receivable 1,363,000 1,969,000
Inventories, net 258,891,000 248,538,000
Prepaid expenses and other current assets 4,114,000 2,755,000
Total current assets 324,846,000 323,179,000
Property, plant and equipment, net of accumulated depreciation of $111,194 and $108,565, respectively 72,771,000 74,109,000
Goodwill 37,897,000 37,897,000
Intangibles, net 23,427,000 24,026,000
Deferred income taxes 1,342,000 1,342,000
Operating lease assets 49,313,000 50,275,000
Equity method investment 9,045,000 9,886,000
Other assets 2,800,000 2,967,000
Total assets 521,441,000 523,681,000
Liabilities:    
Accounts payable 79,844,000 83,553,000
Accrued expenses 20,808,000 27,414,000
Income taxes payable 321,000 379,000
Current portion of finance leases 8,603,000 8,163,000
Current portion of operating leases 8,585,000 8,876,000
Current portion of long-term debt 9,514,000 9,176,000
Total current liabilities 127,675,000 137,561,000
Long-term income taxes payable 2,841,000 2,841,000
Long-term finance leases 18,465,000 16,776,000
Long-term operating leases 42,015,000 42,721,000
Long-term debt 148,899,000 136,750,000
Deferred Income Tax Liabilities Net 2,232,000 4,310,000
Total liabilities 342,127,000 340,959,000
Shareholder's 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 authorized, 9,646,972 shares issued, and 7,001,020 and 6,915,663 shares outstanding as of December 2022 and September 2022, respectively 96,000 96,000
Additional paid-in capital 60,559,000 61,961,000
Retained earnings 163,035,000 166,600,000
Accumulated other comprehensive income 210,000 141,000
Treasury stock - 2,645,952 and 2,731,309 shares as of December 2022 and September 2022, respectively (43,896,000) (45,420,000)
Equity attributable to Delta Apparel, Inc. 180,004,000 183,378,000
Equity attributable to non-controlling interest (690,000) (656,000)
Total equity 179,314,000 182,722,000
Total liabilities and equity $ 521,441,000 $ 523,681,000