Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 29, 2014
Mar. 30, 2014
Current assets:    
Cash and cash equivalents $ 6,219 $ 560
Accounts receivable (net of allowances of $559 at June 29, 2014 and $718 at March 30, 2014):    
Due from factor 13,990 20,800
Other 809 912
Inventories 18,042 13,607
Prepaid expenses 967 1,391
Deferred income taxes 852 799
Total current assets 40,879 38,069
Property, plant and equipment - at cost:    
Vehicles 192 193
Leasehold improvements 213 213
Machinery and equipment 2,717 2,671
Furniture and fixtures 738 738
Property, plant and equipment - gross 3,860 3,815
Less accumulated depreciation 3,309 3,229
Property, plant and equipment - net 551 586
Finite-lived intangible assets - at cost:    
Customer relationships 5,411 5,411
Other finite-lived intangible assets 7,613 7,613
Finite-lived intangible assets - gross 13,024 13,024
Less accumulated amortization 7,970 7,776
Finite-lived intangible assets - net 5,054 5,248
Goodwill 1,126 1,126
Deferred income taxes 1,354 1,109
Other 91 77
Total Assets 49,055 46,215
Current liabilities:    
Accounts payable 7,588 5,066
Accrued wages and benefits 2,157 2,426
Accrued royalties 1,311 1,139
Dividends payable 804 789
Income taxes currently payable 696 787
Other accrued liabilities 104 91
Total current liabilities 12,660 10,298
Commitments and contingencies      
Shareholders' equity:    
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at June 29, 2014 and March 30, 2014; Issued 11,982,302 shares at June 29, 2014 and 11,794,070 shares at March 30, 2014 120 118
Additional paid-in capital 47,739 47,162
Treasury stock - at cost - 1,932,744 shares at June 29, 2014 and March 30, 2014 (8,147) (8,147)
Accumulated deficit (3,317) (3,216)
Total shareholders' equity 36,395 35,917
Total Liabilities and Shareholders' Equity $ 49,055 $ 46,215