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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 03, 2016
Apr. 03, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 21,227 $ 20,014
Trade receivables — less allowance for doubtful accounts: $596 as of July 3, 2016 and $602 as of April 3, 2016 57,485 59,271
Inventories 47,326 47,719
Income taxes receivable 3,549 6,062
Prepaid expenses and other current assets 3,498 4,222
Total current assets 133,085 137,288
PROPERTY, PLANT, AND EQUIPMENT:    
PROPERTY, PLANT, AND EQUIPMENT: 209,546 204,848
Less accumulated depreciation 91,766 88,527
Net property, plant, and equipment 117,780 116,321
Goodwill 97,724 97,724
Intangible assets — less accumulated amortization: $7,891 as of July 3, 2016 and $6,370 as of April 3, 2016 81,413 82,934
Other 2,120 2,224
Total other assets 181,257 182,882
Total assets 432,122 436,491
CURRENT LIABILITIES:    
Accounts payable — trade 29,337 30,121
Dividends payable 0 4,226
Accrued payroll and employee benefits 5,811 8,787
Current portion of long-term debt 6,114 5,489
Due to sellers of acquired business 4,533 6,829
Container deposits 1,143 1,081
Other current liabilities 2,634 3,232
Total current liabilities 49,572 59,765
LONG-TERM DEBT, LESS CURRENT PORTION 121,775 123,616
PENSION WITHDRAWAL LIABILITY 6,204 6,282
DEFERRED INCOME TAXES 42,242 42,242
OTHER LONG-TERM LIABILITIES 2,661 3,611
Total liabilities 222,454 235,516
COMMITMENTS AND CONTINGENCIES 0 0
SHAREHOLDERS’ EQUITY:    
Common stock; authorized: 30,000,000 shares of $0.05 par value; 10,531,524 and 10,512,471 shares issued and outstanding as of July 3, 2016 and April 3, 2016, respectively 527 526
Additional paid-in capital 49,277 48,189
Retained earnings 159,869 152,265
Accumulated other comprehensive loss (5) (5)
Total shareholders’ equity 209,668 200,975
Total liabilities and shareholders’ equity $ 432,122 $ 436,491