v3.25.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 29, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,053 $ 829
Accounts receivable (net of allowances of $1,266 at December 29, 2024 and $1,486 at March 31, 2024):    
Due from factor 21,749 18,584
Other 3,753 3,819
Inventory, Net 32,376 29,709
Prepaid expenses 2,908 1,883
Total current assets 61,839 54,824
Operating lease right of use assets 12,987 14,949
Property, plant and equipment - at cost:    
Leasehold improvements 502 493
Machinery and equipment 5,722 5,062
Furniture and fixtures 477 477
Property, plant and equipment - gross 6,701 6,032
Less accumulated depreciation 4,877 4,376
Property, plant and equipment - net 1,824 1,656
Finite-lived intangible assets - at cost:    
Customer relationships 8,174 8,174
Other finite-lived intangible assets 10,286 4,766
Finite-lived intangible assets - gross 18,460 12,940
Less accumulated amortization 10,640 10,068
Finite-lived intangible assets - net 7,820 2,872
Goodwill 13,255 7,926
Deferred income taxes 762 277
Other 254 202
Total Assets 98,741 82,706
Current liabilities:    
Accounts payable 8,643 4,502
Accrued wages and benefits 1,194 813
Accrued royalties 1,272 290
Dividends payable 869 843
Operating lease liabilities, current 3,895 3,587
Other accrued liabilities 536 426
Current maturities of long-term debt 1,990 0
Total current liabilities 18,399 10,461
Non-current liabilities:    
Long-term debt 18,870 8,112
Operating lease liabilities, noncurrent 9,923 12,138
Reserve for unrecognized tax liabilities 473 394
Total non-current liabilities 29,266 20,644
Shareholders' equity:    
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at December 29, 2024 and March 31, 2024; Issued 13,299,402 shares at December 29, 2024 and 13,208,226 shares at March 31, 2024 132 132
Additional paid-in capital 58,459 57,888
Treasury stock - at cost - 2,905,661 shares at December 29, 2024 and 2,897,507 at March 31, 2024 (15,860) (15,821)
Retained Earnings 8,345 9,402
Total shareholders' equity 51,076 51,601
Total Liabilities and Shareholders' Equity $ 98,741 $ 82,706

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