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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 02, 2024
Jan. 31, 2024
CURRENT ASSETS    
Cash and Cash Equivalents $ 4,432 $ 4,527
Accounts Receivable, net 25,156 23,056
Inventories, net 48,560 46,371
Prepaid Expenses and Other Current Assets 5,239 2,720
Total Current Assets 83,387 76,674
Property, Plant and Equipment, net 18,366 14,185
Identifiable Intangibles, net 24,514 18,836
Goodwill 25,337 14,633
Deferred Tax Assets, net 11,187 6,882
Right of Use Asset 1,946 603
Other Assets 1,725 1,438
TOTAL ASSETS 166,462 133,251
CURRENT LIABILITIES    
Accounts Payable 7,933 8,068
Accrued Compensation 3,304 2,923
Other Accrued Expenses 3,676 2,706
Revolving Line of Credit 20,215 8,900
Current Portion of Long-Term Debt 6,328 2,842
Short-Term Debt 1,334  
Current Liability—Royalty Obligation 1,450 1,700
Current Liability—Excess Royalty Payment Due 864 935
Income Taxes Payable 0 349
Deferred Revenue 378 1,338
Total Current Liabilities 45,482 29,761
NON-CURRENT LIABILITIES    
Long-Term Debt, net of current portion 21,072 10,050
Royalty Obligation, net of current portion 1,511 2,093
Lease Liabilities, net of current portion 1,681 415
Grant deferred revenue 1,412 0
Income Taxes Payable 551 551
Deferred Tax Liabilities 2,580 99
TOTAL LIABILITIES 74,289 42,969
SHAREHOLDERS' EQUITY    
Preferred Stock, $10 Par Value, Authorized 100,000 shares, None Issued
Common Stock, $0.05 Par Value, Authorized 13,000,000 shares; Issued 10,921,780 and 10,812,137 shares at November 2, 2024 and January 31, 2024, respectively 546 541
Additional Paid-in Capital 63,949 62,684
Retained Earnings 64,979 63,869
Treasury Stock, at Cost, 3,393,442 and 3,368,763 shares at November 2, 2024 and January 31, 2024, respectively (35,025) (34,593)
Accumulated Other Comprehensive Loss, net of tax (2,276) (2,219)
TOTAL SHAREHOLDERS' EQUITY 92,173 90,282
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 166,462 $ 133,251