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
Dec. 29, 2013
Mar. 31, 2013
Current assets:    
Cash and cash equivalents $ 3,771 $ 340
Accounts receivable (net of allowances of $818 at December 29, 2013 and $349 at March 31, 2013):    
Due from factor 16,145 21,431
Other 1,129 293
Inventories 17,240 10,930
Prepaid expenses 2,347 2,073
Deferred income taxes 520 160
Total current assets 41,152 35,227
Property, plant and equipment - at cost:    
Vehicles 193 193
Leasehold improvements 216 216
Machinery and equipment 2,706 2,656
Furniture and fixtures 757 743
Property, plant and equipment - gross 3,872 3,808
Less accumulated depreciation 3,295 3,070
Property, plant and equipment - net 577 738
Finite-lived intangible assets - at cost:    
Customer relationships 5,411 5,411
Other finite-lived intangible assets 7,613 7,643
Finite-lived intangible assets - gross 13,024 13,054
Less accumulated amortization 7,581 7,064
Finite-lived intangible assets - net 5,443 5,990
Goodwill 1,126 1,126
Deferred income taxes 1,024 1,005
Other 78 77
Total Assets 49,400 44,163
Current liabilities:    
Accounts payable 9,619 7,376
Accrued wages and benefits 1,967 1,375
Accrued royalties 1,845 971
Dividends payable 789 786
Income taxes currently payable 516 710
Other accrued liabilities 79 133
Total current liabilities 14,815 11,351
Commitments and contingencies      
Shareholders' equity:    
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at December 29, 2013 and March 31, 2013; Issued 11,774,070 shares at December 29, 2013 and 11,696,022 shares at March 31, 2013 118 117
Additional paid-in capital 46,943 46,219
Treasury stock - at cost - 1,917,597 shares at December 29, 2013 and 1,868,003 shares at March 31, 2013 (8,021) (7,690)
Accumulated deficit (4,455) (5,834)
Total shareholders' equity 34,585 32,812
Total Liabilities and Shareholders' Equity $ 49,400 $ 44,163