Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.7.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jul. 02, 2017
Apr. 02, 2017
Current assets:    
Cash and cash equivalents $ 11,903 $ 7,892
Accounts receivable (net of allowances of $631 at July 2, 2017 and $775 at April 2, 2017):    
Due from factor 10,625 14,921
Other 2,461 693
Inventories 15,558 15,821
Prepaid expenses 1,802 1,783
Total current assets 42,349 41,110
Property, plant and equipment - at cost:    
Vehicles 247 247
Leasehold improvements 248 248
Machinery and equipment 2,452 2,396
Furniture and fixtures 789 789
Property, plant and equipment - gross 3,736 3,680
Less accumulated depreciation 3,275 3,239
Property, plant and equipment - net 461 441
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 6,281 6,092
Finite-lived intangible assets - net 2,939 3,128
Goodwill 1,126 1,126
Deferred income taxes 1,200 1,240
Other 140 139
Total Assets 48,215 47,184
Current liabilities:    
Accounts payable 5,415 5,149
Accrued wages and benefits 882 799
Accrued royalties 985 353
Dividends payable 805 803
Income taxes payable 368 224
Other accrued liabilities 203 245
Total current liabilities 8,658 7,573
Non-current liabilities:    
Reserve for unrecognized tax benefits 718 688
Shareholders' equity:    
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at July 2, 2017 and April 2, 2017; Issued 12,465,789 shares at July 2, 2017 and 12,423,539 shares at April 2, 2017 125 124
Additional paid-in capital 52,478 52,220
Treasury stock - at cost - 2,408,025 shares at July 2, 2017 and 2,401,066 shares at April 2, 2017 (12,231) (12,175)
Accumulated Deficit (1,533) (1,246)
Total shareholders' equity 38,839 38,923
Total Liabilities and Shareholders' Equity $ 48,215 $ 47,184