XML 55 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Mar. 31, 2013
CURRENT ASSETS:    
Cash $ 6,021 $ 6,688
Accounts receivable (net of allowance for doubtful accounts of $323 and $292 in 2014 and 2013, respectively) 24,191 15,955
Inventories-net 18,909 17,790
Prepaid expenses and other current assets 1,868 1,506
Deferred income taxes 4,608 6,757
Total current assets 55,597 48,696
PROPERTY:    
Machinery and equipment 5,749 4,967
Furniture, fixtures and information systems 8,008 7,978
Leasehold improvements 5,709 5,644
Construction in progress 301 181
Total 19,767 18,770
Less accumulated depreciation and amortization 13,435 12,084
Property – net 6,332 6,686
OTHER ASSETS:    
Deferred income taxes 4,197 4,289
Goodwill 402 402
Real estate held for sale 3,800 3,800
Qualification units and pre-qualification assets – net 4,385 4,350
Other 5,080 5,190
Total other assets 17,864 18,031
TOTAL 79,793 73,413
CURRENT LIABILITES:    
Revolving credit facility      
Current portion of long-term debt      
Accounts payable – trade 7,442 5,526
Accrued compensation 2,875 3,325
Accrued income taxes 358 741
Other current liabilities 5,214 5,070
Total current liabilities 15,889 14,662
LONG-TERM DEBT PAYABLE TO BANKS      
OTHER LONG-TERM LIABILITIES 13,420 15,679
COMMITMENTS AND CONTINGENCIES (Notes 12 and 13)      
TOTAL LIABILITIES 29,309 30,341
STOCKHOLDERS’ EQUITY    
Preferred stock – authorized, 300,000 shares; none issued      
Common stock – authorized, 100,000,000 shares of $.01 par value; issued, 10,148,944 and 9,987,200 shares in 2014 and 2013, respectively 101 100
Additional paid-in capital 98,707 97,113
Accumulated deficit (41,344) (46,985)
Accumulated other comprehensive income (loss) 3 (184)
Stockholders' equity before treasury stock 57,467 50,044
Less treasury stock, at cost – 445,067 and 443,678 shares in 2014 and 2013, respectively (6,983) (6,972)
Total stockholders’ equity 50,484 43,072
TOTAL $ 79,793 $ 73,413