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
Jul. 01, 2023
Oct. 01, 2022
Assets    
Cash and cash equivalents $ 296 $ 300
Accounts receivable, less allowances of $98 and $109, respectively 41,733 68,215
Other receivables 889 1,402
Income tax receivable 1,898 1,969
Inventories, net 226,196 248,538
Prepaid expenses and other current assets 4,221 2,755
Total current assets 275,233 323,179
Property, plant and equipment, net of accumulated depreciation of $115,383 and $108,534, respectively 69,040 74,109
Goodwill 37,897 37,897
Intangibles, net 22,264 24,026
Deferred income taxes 3,105 1,342
Operating lease assets 54,054 50,275
Equity method investment 9,356 9,886
Other assets 2,020 2,967
Total assets 472,969 523,681
Liabilities:    
Accounts payable 63,897 83,553
Accrued expenses 17,424 27,414
Income taxes payable 695 379
Current portion of finance leases 8,942 8,163
Current portion of operating leases 8,980 8,876
Current portion of long-term debt 10,180 9,176
Total current liabilities 110,118 137,561
Long-term income taxes payable 2,131 2,841
Long-term finance leases 15,871 16,776
Long-term operating leases 46,664 42,721
Long-term debt 131,461 136,750
Deferred income taxes 0 4,310
Total liabilities 306,245 340,959
Shareholder's 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 authorized, 9,646,972 shares issued, and 7,001,020 and 6,915,663 shares outstanding as of June 2023 and September 2022, respectively 96 96
Additional paid-in capital 61,448 61,961
Retained earnings 149,756 166,600
Accumulated other comprehensive income 21 141
Treasury stock - 2,645,952 and 2,731,309 shares as of June 2023 and September 2022, respectively (43,896) (45,420)
Equity attributable to Delta Apparel, Inc. 167,425 183,378
Equity attributable to non-controlling interest (701) (656)
Total equity 166,724 182,722
Total liabilities and equity $ 472,969 $ 523,681