v3.24.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2023
Apr. 02, 2023
Current assets:    
Cash and cash equivalents $ 683 $ 1,742
Accounts receivable (net of allowances of $2,456 at December 31, 2023 and $1,474 at April 2, 2023):    
Due from factor 17,636 20,740
Other 4,408 2,068
Inventory, Net 34,935 34,211
Prepaid expenses 2,744 1,614
Total current assets 60,406 60,375
Operating lease right of use assets 15,813 17,305
Property, plant and equipment - at cost:    
Vehicles 0 182
Leasehold improvements 480 473
Machinery and equipment 4,928 4,333
Furniture and fixtures 476 408
Property, plant and equipment - gross 5,884 5,396
Less accumulated depreciation 4,188 3,677
Property, plant and equipment - net 1,696 1,719
Finite-lived intangible assets - at cost:    
Customer relationships 8,174 8,174
Other finite-lived intangible assets 4,766 4,766
Finite-lived intangible assets - gross 12,940 12,940
Less accumulated amortization 9,918 9,467
Finite-lived intangible assets - net 3,022 3,473
Goodwill 7,874 7,912
Deferred income taxes 291 0
Other 202 188
Total Assets 89,304 90,972
Current liabilities:    
Accounts payable 7,508 7,548
Accrued wages and benefits 1,013 1,087
Accrued royalties 1,030 614
Dividends payable 833 815
Operating lease liabilities, current 3,480 2,427
Other accrued liabilities 766 566
Total current liabilities 14,630 13,057
Non-current liabilities:    
Long-term debt 10,014 12,674
Deferred income taxes 0 815
Operating lease liabilities, noncurrent 13,056 14,889
Reserve for unrecognized tax liabilities 379 323
Total non-current liabilities 23,449 28,701
Shareholders' equity:    
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at December 31, 2023 and April 2, 2023; Issued 13,138,226 shares at December 31, 2023 and 13,051,814 shares at April 2, 2023 131 131
Additional paid-in capital 57,699 57,126
Treasury stock - at cost - 2,897,507 shares at December 31, 2023 and April 2, 2023 (15,821) (15,821)
Retained Earnings 9,216 7,778
Total shareholders' equity 51,225 49,214
Total Liabilities and Shareholders' Equity $ 89,304 $ 90,972

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