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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 29, 2020
Mar. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 4,277 $ 9,199
Trade receivables less allowance for doubtful accounts of $784 for 2020 and $620 for 2019 67,391 63,966
Inventories 54,436 60,482
Income taxes receivable 0 527
Prepaid expenses and other current assets 4,927 5,235
Total current assets 131,031 139,409
PROPERTY, PLANT, AND EQUIPMENT:    
Land 11,045 9,140
Buildings and improvements 108,175 96,389
Machinery and equipment 98,171 93,153
Transportation equipment 32,737 29,744
Office furniture and equipment 17,093 16,435
Property, plant and equipment, gross 267,221 244,861
Less accumulated depreciation 140,877 126,233
Net property, plant, and equipment 126,344 118,628
OTHER ASSETS:    
Right-of-use assets 9,090 0
Goodwill 58,440 58,440
Intangible assets, net 60,653 65,726
Other 3,770 3,396
Total other assets 131,953 127,562
Total assets 389,328 385,599
CURRENT LIABILITIES:    
Accounts payable — trade 34,129 29,314
Accrued payroll and employee benefits 13,538 12,483
Current portion of long-term debt 9,907 9,907
Income tax payable 59 0
Short-term lease liability 1,523 0
Container deposits 1,376 1,299
Other current liabilities 1,688 2,393
Total current liabilities 62,220 55,396
LONG-TERM DEBT, LESS CURRENT PORTION 49,751 74,658
LONG-TERM LEASE LIABILITY 7,649 0
PENSION WITHDRAWAL LIABILITY 4,978 5,316
OTHER LONG-TERM LIABILITIES 6,140 5,695
DEFERRED INCOME TAXES 25,106 26,673
Total liabilities 155,844 167,738
Commitments and Contingencies 0 0
SHAREHOLDERS’ EQUITY:    
Common stock; authorized: 30,000,000 shares of $0.05 par value; 10,512,229 and 10,592,450 shares issued and outstanding for 2020 and 2019, respectively 526 530
Additional paid-in capital 50,090 52,609
Retained earnings 182,947 164,405
Accumulated other comprehensive income (79) 317
Total shareholders’ equity 233,484 217,861
Total liabilities and shareholders’ equity $ 389,328 $ 385,599