Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 27, 2015
Sep. 27, 2014
Current assets:    
Cash and cash equivalents $ 360 $ 612
Accounts receivable, less allowances of $3,487 and $3,159 respectively 66,496 68,802
Income tax receivable 0 1,360
Inventories, net 149,399 162,188
Prepaid expenses and other current assets 5,010 4,534
Deferred income taxes 6,665 12,152
Total current assets 227,930 249,648
Property, plant and equipment, net of accumulated depreciation of $79,176 and $75,801 respectively 38,121 41,005
Goodwill 36,729 36,729
Intangibles, net 22,503 23,500
Noncurrent deferred income taxes 166 0
Other assets 3,578 3,696
Total assets 329,027 354,578
Current liabilities:    
Accounts payable 50,103 57,719
Accrued expenses 20,654 20,167
Income tax payable 184 0
Current portion of long-term debt 7,590 15,504
Total current liabilities 78,531 93,390
Long-term debt, less current maturities 104,585 114,469
Deferred income taxes 0 3,399
Other liabilities 1,056 1,513
Contingent consideration 3,100 3,600
Total liabilities 187,272 216,371
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 7,877,683 and 7,877,674 shares outstanding as of June 27, 2015 and September 27, 2014, respectively 96 96
Additional paid-in capital 59,485 59,649
Retained earnings 103,473 99,622
Accumulated other comprehensive loss (331) (269)
Treasury stock —1,769,289 and 1,769,298 shares as of June 27, 2015 and September 27, 2014, respectively (20,968) (20,891)
Total shareholders’ equity 141,755 138,207
Total liabilities and shareholders' equity $ 329,027 $ 354,578