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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jan. 01, 2017
Apr. 03, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 8,381 $ 20,014
Trade receivables — less allowance for doubtful accounts: $468 as of January 1, 2017 and $602 as of April 3, 2016 52,282 59,271
Inventories 50,256 47,719
Income taxes receivable 994 6,062
Prepaid expenses and other current assets 5,084 4,222
Total current assets 116,997 137,288
PROPERTY, PLANT, AND EQUIPMENT:    
PROPERTY, PLANT, AND EQUIPMENT: 218,248 204,848
Less accumulated depreciation 98,016 88,527
Net property, plant, and equipment 120,232 116,321
OTHER ASSETS:    
Goodwill 97,556 97,724
Intangible assets — less accumulated amortization: $10,933 as of January 1, 2017 and $6,370 as of April 3, 2016 78,370 82,934
Other 1,586 2,224
Total other assets 177,512 182,882
Total assets 414,741 436,491
CURRENT LIABILITIES:    
Accounts payable — trade 21,857 30,121
Dividends payable 0 4,226
Accrued payroll and employee benefits 9,083 8,787
Income tax payable 0 0
Current portion of long-term debt 7,364 5,489
Due to sellers of acquired business 341 6,829
Container deposits 1,160 1,081
Other current liabilities 2,093 3,232
Total current liabilities 41,898 59,765
LONG-TERM DEBT, LESS CURRENT PORTION 105,092 123,616
PENSION WITHDRAWAL LIABILITY 6,047 6,282
DEFERRED INCOME TAXES 42,717 42,242
OTHER LONG-TERM LIABILITIES 1,644 3,611
Total liabilities 197,398 235,516
COMMITMENTS AND CONTINGENCIES 0 0
SHAREHOLDERS’ EQUITY:    
Common stock; authorized: 30,000,000 shares of $0.05 par value; 10,538,328 and 10,512,471 shares issued and outstanding as of January 1, 2017 and April 3, 2016, respectively 527 526
Additional paid-in capital 50,391 48,189
Retained earnings 166,153 152,265
Accumulated other comprehensive income (loss) 272 (5)
Total shareholders’ equity 217,343 200,975
Total liabilities and shareholders’ equity $ 414,741 $ 436,491