Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v2.4.0.8
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 28, 2014
Mar. 30, 2014
Current assets:    
Cash and cash equivalents $ 2,203 $ 560
Accounts receivable (net of allowances of $599 at September 28, 2014 and $718 at March 30, 2014):    
Due from factor 17,715 20,800
Other 1,229 912
Inventories 19,055 13,607
Prepaid expenses 1,087 1,391
Deferred income taxes 1,035 799
Total current assets 42,324 38,069
Property, plant and equipment - at cost:    
Vehicles 193 193
Leasehold improvements 213 213
Machinery and equipment 2,791 2,671
Furniture and fixtures 738 738
Property, plant and equipment - gross 3,935 3,815
Less accumulated depreciation 3,381 3,229
Property, plant and equipment - net 554 586
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 8,153 7,776
Finite-lived intangible assets - net 4,871 5,248
Goodwill 1,126 1,126
Deferred income taxes 1,209 1,109
Other 112 77
Total Assets 50,196 46,215
Current liabilities:    
Accounts payable 7,707 4,730
Accrued wages and benefits 1,456 2,426
Accrued litigation costs 1,437 336
Accrued royalties 1,910 1,139
Dividends payable 806 789
Income taxes currently payable 70 787
Other accrued liabilities 160 91
Total current liabilities 13,546 10,298
Commitments and contingencies      
Shareholders' equity:    
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at September 28, 2014 and March 30, 2014; Issued 12,010,302 shares at September 28, 2014 and 11,794,070 shares at March 30, 2014 120 118
Additional paid-in capital 47,970 47,162
Treasury stock - at cost - 1,932,744 shares at September 28, 2014 and March 30, 2014 (8,147) (8,147)
Accumulated deficit (3,293) (3,216)
Total shareholders' equity 36,650 35,917
Total Liabilities and Shareholders' Equity $ 50,196 $ 46,215