Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 03, 2015
Sep. 27, 2014
Assets    
Cash and cash equivalents $ 300 $ 612
Accounts receivable, net 61,921 68,181
Other receivables 820 621
Income tax receivable 0 1,360
Inventories, net 148,372 162,188
Prepaid expenses and other current assets 4,124 4,534
Deferred income taxes 7,301 12,152
Total current assets 222,838 249,648
Property, plant and equipment, net 39,653 41,005
Goodwill 36,729 36,729
Intangible assets, net 22,162 23,500
Other assets 3,528 3,696
Total assets 324,910 354,578
Liabilities:    
Accounts payable 53,349 57,719
Accrued expenses 20,661 20,167
Income taxes payable 87 0
Current portion of long-term debt 8,340 15,504
Total current liabilities 82,437 93,390
Long-term debt, less current maturities 93,872 114,469
Deferred income taxes 7 3,399
Other liabilities 995 1,513
Contingent consideration 3,100 3,600
Total liabilities $ 180,411 $ 216,371
Commitments and contingencies
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 7,797,166 and 7,877,674 shares outstanding as of October 3, 2015 and September 27, 2014, respectively 96 96
Additional paid-in capital 59,399 59,649
Retained earnings 107,715 99,622
Accumulated other comprehensive loss (429) (269)
Treasury stock —1,849,806 and 1,769,298 shares as of October 3, 2015 and September 27, 2014, respectively (22,282) (20,891)
Total shareholders’ equity 144,499 138,207
Total liabilities and shareholders’ equity $ 324,910 $ 354,578