Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 28, 2015
Mar. 29, 2015
Current assets:    
Cash and cash equivalents $ 8,240 $ 1,807
Accounts receivable (net of allowances of $1,105 at June 28, 2015 and $1,000 at March 29, 2015):    
Due from factor 15,219 21,563
Other 1,060 807
Inventories 18,130 15,468
Prepaid expenses 1,627 1,906
Deferred income taxes 1,137 968
Total current assets 45,413 42,519
Property, plant and equipment - at cost:    
Vehicles 235 235
Leasehold improvements 230 230
Machinery and equipment 2,892 2,836
Furniture and fixtures 755 755
Property, plant and equipment - gross 4,112 4,056
Less accumulated depreciation 3,607 3,528
Property, plant and equipment - net 505 528
Finite-lived intangible assets - at cost:    
Customer relationships 5,534 5,411
Other finite-lived intangible assets 3,686 7,613
Finite-lived intangible assets gross 9,220 13,024
Less accumulated amortization 4,772 8,517
Finite-lived intangible assets - net 4,448 4,507
Goodwill 1,126 1,126
Deferred income taxes 1,075 1,133
Other 134 133
Total Assets 52,701 49,946
Current liabilities:    
Accounts payable 7,460 4,472
Accrued wages and benefits 2,288 2,265
Accrued royalties 1,628 1,581
Dividends payable 806 805
Income taxes currently payable 550 1,021
Other accrued liabilities 159 230
Total current liabilities $ 12,891 $ 10,374
Commitments and contingencies    
Shareholders' equity:    
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at June 28, 2015 and March 29, 2015; Issued 12,088,834 shares at June 28, 2015 and 12,030,302 shares at March 29, 2015 $ 121 $ 120
Additional paid-in capital 49,037 48,561
Treasury stock - at cost - 2,010,928 shares at June 28, 2015 and 1,964,886 shares at March 29, 2015 (8,750) (8,390)
Accumulated deficit (598) (719)
Total shareholders' equity 39,810 39,572
Total Liabilities and Shareholders' Equity $ 52,701 $ 49,946