Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.3.1.900
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 02, 2016
Oct. 03, 2015
Current assets:    
Cash and cash equivalents $ 296 $ 300
Accounts receivable, less allowances of $2,969 and $2,984, respectively 48,364 62,741
Income tax receivable 627 0
Inventories, net 159,208 148,372
Prepaid expenses and other current assets 6,603 4,124
Total current assets 215,098 215,537
Property, plant and equipment, net of accumulated depreciation of $83,289 and $81,376, respectively 41,057 39,653
Goodwill 36,729 36,729
Intangibles, net 21,830 22,162
Deferred income taxes 6,300 7,294
Other assets 3,403 3,528
Total assets 324,417 324,903
Current liabilities:    
Accounts payable 52,284 53,349
Accrued expenses 16,854 20,661
Income tax payable 0 87
Current portion of long-term debt 8,413 8,340
Total current liabilities 77,551 82,437
Long-term debt, less current maturities 97,768 93,872
Other liabilities 1,571 995
Contingent consideration 2,900 3,100
Total liabilities 179,790 180,404
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 7,758,965 and 7,797,166 shares outstanding as of January 2, 2016 and October 3, 2015, respectively 96 96
Additional paid-in capital 59,408 59,399
Retained earnings 108,396 107,715
Accumulated other comprehensive loss (203) (429)
Treasury stock —1,888,007 and 1,849,806 shares as of January 2, 2016 and October 3, 2015, respectively (23,070) (22,282)
Total shareholders’ equity 144,627 144,499
Total liabilities and shareholders' equity $ 324,417 $ 324,903