Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
Apr. 01, 2023
Oct. 01, 2022
Assets    
Cash and cash equivalents $ 625,000 $ 300,000
Accounts receivable, less allowances of $124 and $109, respectively 62,020,000 68,215,000
Other receivables 1,125,000 1,402,000
Income tax receivable 1,680,000 1,969,000
Inventories, net 243,167,000 248,538,000
Prepaid expenses and other current assets 4,096,000 2,755,000
Total current assets 312,713,000 323,179,000
Property, plant and equipment, net of accumulated depreciation of $114,569 and $108,565, respectively 70,739,000 74,109,000
Goodwill 37,897,000 37,897,000
Intangibles, net 22,834,000 24,026,000
Deferred income taxes 1,342,000 1,342,000
Operating lease assets 56,174,000 50,275,000
Equity method investment 9,036,000 9,886,000
Other assets 2,239,000 2,967,000
Total assets 512,974,000 523,681,000
Liabilities:    
Accounts payable 66,071,000 83,553,000
Accrued expenses 18,581,000 27,414,000
Income taxes payable 671,000 379,000
Current portion of finance leases 8,843,000 8,163,000
Current portion of operating leases 8,861,000 8,876,000
Current portion of long-term debt 8,962,000 9,176,000
Total current liabilities 111,989,000 137,561,000
Long-term income taxes payable 2,131,000 2,841,000
Long-term finance leases 17,483,000 16,776,000
Long-term operating leases 48,804,000 42,721,000
Long-term debt 159,591,000 136,750,000
Deferred income taxes 337,000 4,310,000
Total liabilities 340,335,000 340,959,000
Shareholder's 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 authorized, 9,646,972 shares issued, and 7,001,020 and 6,915,663 shares outstanding as of March 2023 and September 2022, respectively 96,000 96,000
Additional paid-in capital 60,912,000 61,961,000
Retained earnings 156,043,000 166,600,000
Accumulated other comprehensive income 180,000 141,000
Treasury stock - 2,645,952 and 2,731,309 shares as of March 2023 and September 2022, respectively (43,896,000) (45,420,000)
Equity attributable to Delta Apparel, Inc. 173,335,000 183,378,000
Equity attributable to non-controlling interest (696,000) (656,000)
Total equity 172,639,000 182,722,000
Total liabilities and equity $ 512,974,000 $ 523,681,000