Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.4.0.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 03, 2016
Mar. 29, 2015
Current assets:    
Cash and cash equivalents $ 7,574 $ 1,807
Accounts receivable (net of allowances of $745 at April 3, 2016 and $1,000 at March 29, 2015):    
Due from factor 20,125 21,563
Other 671 807
Inventories 14,785 15,468
Prepaid expenses 1,689 1,906
Deferred income taxes 888 968
Total current assets 45,732 42,519
Property, plant and equipment - at cost:    
Vehicles 247 235
Leasehold improvements 239 230
Machinery and equipment 2,879 2,836
Furniture and fixtures 808 755
Property, plant and equipment - gross 4,173 4,056
Less accumulated depreciation 3,740 3,528
Property, plant and equipment - net 433 528
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 5,338 8,517
Finite-lived intangible assets - net 3,882 4,507
Goodwill 1,126 1,126
Deferred income taxes 1,049 1,133
Other 193 133
Total Assets 52,415 49,946
Current liabilities:    
Accounts payable 4,640 4,472
Accrued wages and benefits 1,988 2,265
Accrued royalties 1,172 1,581
Dividends payable 3,303 805
Income taxes payable 806 1,021
Other accrued liabilities 276 230
Total current liabilities 12,185 $ 10,374
Non-current liabilities:    
Reserve for unrecognized tax benefits 211
Shareholders' equity:    
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at April 3, 2016 and March 29, 2015; Issued 12,251,834 shares at April 3, 2016 and 12,030,302 shares at March 29, 2015 123 $ 120
Additional paid-in capital 50,723 48,561
Treasury stock - at cost - 2,302,191 shares at April 3, 2016 and 1,964,886 shares at March 29, 2015 (11,228) (8,390)
Retained Earnings (Accumulated deficit) 401 (719)
Total shareholders' equity 40,019 39,572
Total Liabilities and Shareholders' Equity $ 52,415 $ 49,946