XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Financial Condition (USD $)
Mar. 31, 2012
Dec. 31, 2011
Mar. 31, 2011
ASSETS      
Cash and cash equivalents $ 1,156,539 $ 1,115,150 $ 2,075,791
Investments 1,723,836 1,695,044 1,314,382
Certificates of deposits in financial institutions 300,000 300,000 250,000
Inventories 5,205,457 4,954,475 4,752,054
Accounts receivable, net of allowance for doubtful accounts and discounts 8,484,371 7,950,276 8,346,560
Prepaid expenses and other current assets 39,880 79,630 126,919
Other receivables 155,937 224,204 74,879
Deferred income taxes 357,963 338,690 368,176
Refundable income taxes   41,316  
Total current assets 17,423,983 16,698,785 17,308,761
Property and equipment, net 15,031,364 15,198,822 15,129,655
Intangible assets      
Goodwill and other non amortizable brand assets 14,068,091 14,068,091 14,068,091
Other intangible assets, net of accumulated amortization of $3,276,645 and $2,500,066 at March 31, 2012 and 2011 and 3,087,940 at December 31, 2011, respectively 5,029,355 5,218,060 5,805,934
Total intangible assets 19,097,446 19,286,151 19,874,025
Other Assets      
Long-term accounts receivable net of current portion 276,050 289,550  
Total assets 51,828,843 51,473,308 52,312,441
LIABILITIES AND STOCKHOLDERS' EQUITY      
Checks written in excess of bank balances 333,446 592,040 1,067,073
Current maturities of notes payable 789,933 1,540,716 2,364,774
Accounts payable 4,597,466 4,386,239 3,781,059
Accrued expenses 755,187 553,725 595,841
Accrued income taxes 279,402   430,246
Total current liabilities 6,755,434 7,072,720 8,238,993
Notes payable 5,363,750 5,539,836 5,995,558
Deferred income taxes 3,394,957 3,503,595 3,332,473
Total liabilities 15,514,141 16,116,151 17,567,024
Stockholders' equity      
Common stock, no par value; 20,000,000 shares authorized; 17,273,776 shares issued; 16,390,417 shares outstanding at March 31, 2012; 17,273,776 shares issued; 16,443,809 shares outstanding at March 31, 2011; 17,273,776 shares issued; 16,409,317 shares outstanding at December 31, 2011 6,509,267 6,509,267 6,509,267
Paid-in-capital 2,032,516 2,032,516 2,032,516
Treasury stock, at cost (7,783,580) (7,606,974) (7,271,836)
Retained earnings 35,526,285 34,431,296 33,501,646
Accumulated other comprehensive loss, net of taxes 30,214 (8,948) (26,176)
Total stockholders' equity 36,314,702 35,357,157 34,745,417
Total liabilities and stockholders' equity $ 51,828,843 $ 51,473,308 $ 52,312,441