Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Sep. 30, 2022
Assets    
Cash and cash equivalents $ 187 $ 300
Accounts receivable, less allowances of $119 and $109, respectively 45,130 68,215
Other receivables 1,350 1,402
Income tax receivable 1,388 1,969
Inventories, net 212,365 248,538
Prepaid expenses and other current assets 2,542 2,755
Total current assets 262,962 323,179
Property, plant and equipment, net 65,611 74,109
Goodwill 28,697 37,897
Intangible assets, net 21,694 24,026
Deferred income taxes 7,822 1,342
Operating lease assets 55,464 50,275
Equity method investment 10,082 9,886
Other assets 2,906 2,967
Total assets 455,238 523,681
Liabilities:    
Accounts payable 62,085 83,553
Accrued expenses 18,236 27,414
Income taxes payable 710 379
Current portion of finance leases 8,442 8,163
Current portion of operating leases 9,124 8,876
Current portion of long-term debt 16,567 9,176
Total current liabilities 115,164 137,561
Long-term income taxes payable 2,131 2,841
Long-term finance leases, less current maturities 14,029 16,776
Long-term operating leases, less current maturities 47,254 42,721
Long-term debt, less current maturities 126,465 136,750
Deferred income taxes 0 4,310
Total liabilities 305,043 340,959
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 7,001,020 and 6,915,663 shares outstanding as of September 2023, and September 2022, respectively 96 96
Additional paid-in capital 61,315 61,961
Retained earnings 133,387 166,600
Accumulated other comprehensive gain 0 141
Treasury stock —2,645,952 and 2,731,309 shares as of September 2023, and September 2022, respectively (43,896) (45,420)
Equity attributable to Delta Apparel, Inc. 150,902 183,378
Equity attributable to non–controlling interest (707) (656)
Total equity 150,195 182,722
Total liabilities and equity $ 455,238 $ 523,681