Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.6.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Oct. 01, 2016
Current assets:    
Cash and cash equivalents $ 410 $ 397
Accounts receivable, less allowances of $2,549 and $1,978, respectively 48,161 63,609
Income tax receivable 236 86
Inventories, net 179,038 164,247
Prepaid expenses and other current assets 4,887 4,145
Total current assets 232,732 232,484
Property, plant and equipment, net of accumulated depreciation of $65,474 and $63,585, respectively 43,167 43,503
Goodwill 36,729 36,729
Intangibles, net 20,587 20,922
Deferred income taxes 5,440 5,246
Other assets 5,710 5,768
Total assets 344,365 344,652
Current liabilities:    
Accounts payable 54,223 51,395
Accrued expenses 15,060 21,706
Current portion of long-term debt 8,600 9,192
Total current liabilities 77,883 82,293
Long-term debt, less current maturities 111,154 106,603
Other liabilities 2,464 1,241
Contingent consideration 2,400 2,500
Total liabilities 193,901 192,637
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 7,608,306 and 7,609,727 shares outstanding as of December 31, 2016 and October 1, 2016, respectively 96 96
Additional paid-in capital 60,318 60,847
Retained earnings 116,072 116,679
Accumulated other comprehensive loss (63) (112)
Treasury stock —2,038,666 and 2,037,245 shares as of December 31, 2016 and October 1, 2016, respectively (25,959) (25,495)
Total shareholders’ equity 150,464 152,015
Total liabilities and shareholders' equity $ 344,365 $ 344,652