Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 30, 2025
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 521 $ 829
Accounts receivable (net of allowances of $1,723 at March 30, 2025 and $1,486 at March 31, 2024):    
Due from factor 21,854 18,584
Other 2,654 3,819
Inventory, Net 27,800 29,709
Prepaid expenses 2,474 1,883
Total current assets 55,303 54,824
Operating lease right of use assets 12,253 14,949
Property, plant and equipment - at cost:    
Leasehold improvements 562 493
Machinery and equipment 5,845 5,062
Furniture and fixtures 518 477
Property, plant and equipment - gross 6,925 6,032
Less accumulated depreciation 5,037 4,376
Property, plant and equipment - net 1,888 1,656
Finite-lived intangible assets - at cost:    
Customer relationships 8,174 8,174
Other finite-lived intangible assets 9,716 4,766
Finite-lived intangible assets - gross 17,890 12,940
Less accumulated amortization 10,840 10,068
Finite-lived intangible assets - net 7,050 2,872
Goodwill 0 7,926
Deferred income taxes 4,508 277
Other 152 202
Total Assets 81,154 82,706
Current liabilities:    
Accounts payable 5,225 4,502
Accrued wages and benefits 1,325 813
Accrued royalties 1,507 290
Dividends payable 876 843
Operating lease liabilities, current 3,987 3,587
Other accrued liabilities 595 426
Current maturities of long-term debt 1,990 0
Total current liabilities 15,505 10,461
Non-current liabilities:    
Long-term debt 16,512 8,112
Operating lease liabilities, noncurrent 9,107 12,138
Reserve for unrecognized tax liabilities 411 394
Total non-current liabilities 26,030 20,644
Shareholders' equity:    
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at March 30, 2025 and March 31, 2024; Issued 13,478,402 shares at March 30, 2025 and 13,208,226 shares at March 31, 2024 135 132
Additional paid-in capital 58,637 57,888
Treasury stock - at cost - 2,910,859 shares at March 30, 2025 and 2,897,507 shares at March 31, 2024 (15,880) (15,821)
Retained Earnings (accumulated deficit) (3,273) 9,402
Total shareholders' equity 39,619 51,601
Total Liabilities and Shareholders' Equity $ 81,154 $ 82,706