Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Cash Flows

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Unaudited Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
 3 Months Ended
Jul. 03, 2011
Jun. 27, 2010
Operating activities:    
Net income $ 530 $ 726
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 67 64
Amortization of intangibles 308 289
Deferred income taxes 133 (100)
Gain on sale of property, plant and equipment (5) (2)
Accretion of interest expense to original issue discount 36 69
Stock-based compensation 137 163
Tax shortfall from stock-based compensation (27)  
Changes in assets and liabilities:    
Accounts receivable 5,309 4,879
Inventories (4,823) (5,992)
Prepaid expenses 519 186
Other assets 14 (9)
Accounts payable 2,730 3,962
Accrued liabilities (755) (169)
Net cash provided by operating activities 4,173 4,066
Investing activities:    
Capital expenditures (80) (54)
Maturity of temporary investment - restricted   505
Proceeds from disposition of assets 5 2
Payment to acquire the Bibsters product line   (2,072)
Net cash used in investing activities (75) (1,619)
Financing activities:    
Repayments under revolving line of credit, net (3,909) (1,422)
Purchase of treasury stock (735) (167)
Issuance of common stock 628 65
Excess tax benefit from stock-based compensation 11 104
Dividends paid (287) (184)
Net cash used in financing activities (4,292) (1,604)
Net (decrease) increase in cash and cash equivalents (194) 843
Cash and cash equivalents at beginning of period 205 75
Cash and cash equivalents at end of period 11 918
Supplemental cash flow information:    
Income taxes paid 440 1,065
Interest paid, net of interest received 38 33
Noncash financing activity:    
Dividends declared but unpaid $ (289) $ (185)