v3.19.3.a.u2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Dec. 29, 2019
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 41,000 $ 143,000
Accounts receivable (net of allowances of $665 at December 29, 2019 and $407 at March 31, 2019):    
Due from factor 14,638,000 17,250,000
Other 907,000 522,000
Inventories 23,640,000 19,534,000
Prepaid expenses 2,338,000 1,230,000
Total current assets 41,564,000 38,679,000
Operating lease right of use assets 5,416,000
Property, plant and equipment - at cost:    
Vehicles 246,000 323,000
Leasehold improvements 315,000 282,000
Machinery and equipment 4,427,000 4,269,000
Furniture and fixtures 797,000 799,000
Property, plant and equipment - gross 5,785,000 5,673,000
Less accumulated depreciation 3,970,000 3,751,000
Property, plant and equipment - net 1,815,000 1,922,000
Finite-lived intangible assets - at cost:    
Tradename and trademarks 3,667,000 3,667,000
Customer relationships 7,374,000 7,374,000
Other finite-lived intangible assets 3,159,000 3,159,000
Finite-lived intangible assets gross 14,200,000 14,200,000
Less accumulated amortization 8,409,000 7,768,000
Finite-lived intangible assets - net 5,791,000 6,432,000
Goodwill 7,125,000 7,125,000
Deferred income taxes 344,000 524,000
Other 95,000 97,000
Total Assets 62,150,000 54,779,000
Current liabilities:    
Accounts payable 7,864,000 4,201,000
Accrued wages and benefits 1,632,000 1,819,000
Accrued royalties 896,000 398,000
Dividends payable 3,355,000 810,000
Other accrued liabilities 272,000 483,000
Total current liabilities 14,019,000 7,711,000
Non-current liabilities:    
Long-term debt 4,486,000
Operating lease liabilities, noncurrent 5,551,000
Reserve for unrecognized tax liabilities 1,017,000 1,194,000
Total non-current liabilities 6,568,000 5,680,000
Shareholders' equity:    
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at December 29, 2019 and March 31, 2019; Issued 12,603,301 shares at December 29, 2019 and 12,546,789 shares at March 31, 2019 126,000 125,000
Additional paid-in capital 53,532,000 53,251,000
Treasury stock - at cost - 2,436,494 shares at December 29, 2019 and 2,424,231 shares at March 31, 2019 (12,408,000) (12,326,000)
Retained Earnings 313,000 338,000
Total shareholders' equity 41,563,000 41,388,000
Total Liabilities and Shareholders' Equity $ 62,150,000 $ 54,779,000

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