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Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jul. 28, 2012
Jul. 30, 2011
CURRENT ASSETS:    
Cash and cash equivalents $ 38,169 $ 23,629
Restricted cash 2,428  
Securities available for sale 4,359  
Trade receivables (net of allowance for doubtful accounts of $37 and $31 for 2012 and 2011, respectively) 1,332 1,569
Inventories (net of allowance for excess and obsolete of $1,056 and $1,175 for 2012 and 2011, respectively) 1,720 1,708
Prepaid expenses and other current assets 231 223
Current assets of discontinued operations   25,716
Total current assets 48,239 52,845
NON-CURRENT ASSETS:    
Property plant and equipment, net 3,871 4,651
Promissory note receivable 614  
Other assets 73 95
Non-current assets of discontinued operations   6,290
Total non-current assets 4,558 11,036
TOTAL ASSETS 52,797 63,881
CURRENT LIABILITIES:    
Current portion of long-term debt 82 82
Accounts payable – trade 551 730
Accrued expenses 2,413 878
Current liabilities of discontinued operations   13,008
Total current liabilities 3,046 14,698
NON-CURRENT LIABILITIES:    
Long-term debt, less current portion 2,278 2,355
Deferred income taxes 458 580
Non-current liabilities of discontinued operations   1,950
Total non-current liabilities 2,736 4,885
Total liabilities 5,782 19,583
COMMITMENTS AND CONTINGENCIES      
SHAREHOLDERS’ EQUITY:    
Common stock -- $.10 par value; authorized – 100,000,000 July 28, 2012 and July 30, 2011; issued – 4,042,157 shares at July 28, 2012 and July 30, 2011 404 404
Additional paid-in capital 98,174 97,646
Treasury shares – 202,689 and 174,585 shares at July 28, 2012 and July 30, 2011, respectively, at cost (7,429) (7,176)
Accumulated other comprehensive income (loss) (78) 2,596
Accumulated deficit (44,056) (49,172)
Total shareholders’ equity 47,015 44,298
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 52,797 $ 63,881