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CONSOLIDATED BALANCE SHEETS (USD $)
Oct. 28, 2011
Jan. 31, 2011
ASSETS    
Cash and cash equivalents $ 0 $ 162,000
Accounts receivable, net 4,223,000 4,653,000
Inventories, net 7,323,000 7,363,000
Prepaid expenses and other current assets, net 2,686,000 2,402,000
Property held for sale 2,062,000 2,062,000
Deferred income taxes 1,854,000 1,617,000
Total current assets 18,148,000 18,259,000
Property, plant and equipment, net 4,010,000 3,518,000
Deferred income taxes 1,198,000 1,198,000
Intangible assets, net 134,000 255,000
Goodwill 366,000 366,000
Other assets, net 55,000 82,000
Total assets 23,911,000 23,678,000
LIABILITIES AND STOCKHOLDERS' EQUITY    
Revolving credit facility 3,394,000 2,313,000
Current maturities of long-term debt 753,000 1,255,000
Accounts payable, trade 2,380,000 2,544,000
Compensation and benefits 708,000 780,000
Accrued sales commissions 0 79,000
Accrued expenses and other liabilities 3,472,000 2,792,000
Total current liabilities 10,707,000 9,763,000
Long-term debt 4,466,000 4,985,000
Deferred income taxes 95,000 95,000
Total liabilities 15,268,000 14,843,000
Commitments and contingencies (Note 10)      
Stockholders' equity:    
Common stock, $.40 par value: authorized 8,000,000 shares; issued 4,194,511 shares and 4,180,239 shares at October 28, 2011 and January 31, 2011, respectively; outstanding 3,763,744 and 3,749,472 shares at October 28, 2011 and January 31, 2011, respectively. 1,678,000 1,672,000
Additional paid-in capital 6,372,000 6,232,000
Retained earnings 3,756,000 4,094,000
Less treasury stock: 430,767 shares at both October 28, 2011 and January 31, 2011, at cost (3,163,000) (3,163,000)
Total stockholders' equity 8,643,000 8,835,000
Total liabilities and stockholders' equity $ 23,911,000 $ 23,678,000