Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Jul. 02, 2011
Assets    
Cash and cash equivalents $ 467 $ 656
Accounts receivable, net 73,349 76,210
Other receivables 507 611
Income tax receivable 8,796 0
Inventories, net 161,633 159,209
Prepaid expenses and other current assets 3,770 4,059
Deferred income taxes 4,964 2,931
Total current assets 253,486 243,676
Property, plant and equipment, net 39,425 39,756
Goodwill 16,812 16,812
Intangibles, net 6,797 7,405
Other assets 3,874 4,216
Total assets 320,394 [1] 311,865 [1]
Liabilities:    
Accounts payable 46,320 55,554
Accrued expenses 16,608 23,708
Income tax payable 0 969
Current portion of long-term debt 3,529 2,799
Total current liabilities 66,457 83,030
Long-term debt, less current maturities 110,949 83,974
Deferred income taxes 3,803 2,877
Other liabilities 218 19
Total liabilities 181,427 169,900
Commitments and contingencies      
Shareholders’ 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 shares authorized, 9,646,972 shares issued, and 8,424,709 and 8,421,863 shares outstanding as of June 30, 2012 and July 2, 2011, respectively 96 96
Additional paid-in capital 60,367 59,750
Retained earnings 90,830 93,277
Accumulated other comprehensive loss (129) (14)
Treasury stock — 1,222,263 and 1,225,109 shares as of June 30, 2012 and July 2, 2011, respectively (12,197) (11,144)
Total shareholders’ equity 138,967 141,965
Total liabilities and shareholders’ equity $ 320,394 $ 311,865
[1] ** All goodwill and intangibles on our balance sheet is included in the branded segment.