Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.6.0.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jan. 01, 2017
Apr. 03, 2016
Current assets:    
Cash and cash equivalents $ 14,394 $ 7,574
Accounts receivable (net of allowances of $1,024 at January 1, 2017 and $745 at April 3, 2016):    
Due from factor 13,970 20,125
Other 483 671
Inventories 16,375 14,785
Prepaid expenses 3,208 1,689
Deferred income taxes 888
Total current assets 48,430 45,732
Property, plant and equipment - at cost:    
Vehicles 247 247
Leasehold improvements 242 239
Machinery and equipment 3,053 2,879
Furniture and fixtures 803 808
Property, plant and equipment - gross 4,345 4,173
Less accumulated depreciation 3,872 3,740
Property, plant and equipment - net 473 433
Finite-lived intangible assets - at cost:    
Customer relationships 5,534 5,534
Other finite-lived intangible assets 3,686 3,686
Finite-lived intangible assets gross 9,220 9,220
Less accumulated amortization 5,904 5,338
Finite-lived intangible assets - net 3,316 3,882
Goodwill 1,126 1,126
Deferred income taxes 1,268 1,049
Other 210 193
Total Assets 54,823 52,415
Current liabilities:    
Accounts payable 7,633 4,640
Accrued wages and benefits 910 1,988
Accrued royalties 1,645 1,172
Dividends payable 4,816 3,303
Income taxes payable 893 806
Other accrued liabilities 216 276
Total current liabilities 16,113 12,185
Non-current liabilities:    
Reserve for unrecognized tax benefits 656 211
Shareholders' equity:    
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at January 1, 2017 and April 3, 2016; Issued 12,423,539 shares at January 1, 2017 and 12,251,834 shares at April 3, 2016 124 123
Additional paid-in capital 52,072 50,723
Treasury stock - at cost - 2,390,578 shares at January 1, 2017 and 2,302,191 shares at April 3, 2016 (12,089) (11,228)
(Accumulated Deficit) Retained Earnings (2,053) 401
Total shareholders' equity 38,054 40,019
Total Liabilities and Shareholders' Equity $ 54,823 $ 52,415