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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 25, 2016
Mar. 26, 2016
Current assets:    
Cash and cash equivalents $ 5,839 $ 7,195
Accounts receivable, net 3,460 4,131
Inventories 179,225 176,335
Prepaid expenses and other current assets 16,004 15,558
Total current assets 204,528 203,219
Property and equipment, net 76,443 76,076
Goodwill 193,095 193,095
Intangible assets, net 64,300 64,861
Other assets 1,035 2,075
Total assets 539,401 539,326
Current liabilities:    
Line of credit 60,190 48,815
Accounts payable 57,961 66,553
Accrued expenses and other current liabilities 32,230 35,896
Current portion of notes payable, net of unamortized debt issuance costs 1,037 1,035
Total current liabilities 151,418 152,299
Deferred taxes 11,426 12,255
Long-term portion of notes payable, net of unamortized debt issuance costs 192,314 192,579
Capital lease obligations 8,169 8,272
Other liabilities 12,984 12,431
Total liabilities 376,311 377,836
Commitments and contingencies (Note 7)
Stockholders' equity:    
Common stock, $0.0001 par value; June 25, 2016 - 100,000 shares authorized, 26,419 shares issued; March 26, 2016 - 100,000 shares authorized, 26,354 shares issued 3 3
Preferred stock, $0.0001 par value; 10,000 shares authorized, no shares issued or outstanding
Additional paid-in capital 138,894 137,893
Retained earnings 24,218 23,594
Less: Common stock held in treasury, at cost, 7 and 4 shares at June 25, 2016 and March 26, 2016, respectively (25)
Total stockholders' equity 163,090 161,490
Total liabilities and stockholders' equity $ 539,401 $ 539,326