Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 30, 2024
Sep. 30, 2023
Assets    
Cash and cash equivalents $ 705 $ 187
Accounts receivable, less allowances of $115 and $119, respectively 35,206 45,130
Other receivables 562 1,350
Income tax receivable 1,365 1,388
Inventories, net 156,894 212,365
Prepaid expenses and other current assets 3,298 2,542
Total current assets 198,030 262,962
Property, plant and equipment, net 59,741 65,611
Goodwill 19,917 28,697
Intangibles, net 20,556 21,694
Deferred income taxes 0 7,822
Operating lease assets 54,534 55,464
Equity method investment 10,052 10,082
Other assets 3,069 2,906
Total assets 365,899 455,238
Liabilities:    
Accounts payable 58,306 62,085
Accrued expenses 16,395 18,236
Income taxes payable 869 710
Current portion of finance leases 7,880 8,442
Current portion of operating leases 9,886 9,124
Current portion of long-term debt 103,026 16,567
Total current liabilities 196,362 115,164
Long-term income taxes payable 1,184 2,131
Long-term finance leases 10,250 14,029
Long-term operating leases 45,837 47,254
Long-term debt 5,757 126,465
Deferred income taxes 559 0
Total liabilities 259,949 305,043
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 7,051,153 and 7,001,020 shares outstanding as of March 2024 and September 2023, respectively 96 96
Additional paid-in capital 60,916 61,315
Retained earnings 88,566 133,387
Accumulated other comprehensive income 0 0
Treasury stock - 2,595,819 and 2,645,952 shares as of March 2024 and September 2023, respectively (42,909) (43,896)
Equity attributable to Delta Apparel, Inc. 106,669 150,902
Equity attributable to non-controlling interest (719) (707)
Total equity 105,950 150,195
Total liabilities and equity $ 365,899 $ 455,238