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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 02, 2011
Jun. 03, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 2,052,393 $ 2,721,638
Receivables, net 10,702,054 10,220,220
Inventories:    
Raw materials and supplies 1,616,087 1,596,731
Finished goods 3,818,900 3,398,898
Total inventory 5,434,987 4,995,629
Prepaid expenses 2,998,241 1,803,827
Accrued income taxes 475,709 865,467
Deferred income taxes 633,370 633,370
Total current assets 22,296,754 21,240,151
Property, plant and equipment, net 24,913,401 24,646,418
Other assets 2,044,940 2,234,337
Total 49,255,095 48,120,906
CURRENT LIABILITIES    
Checks outstanding in excess of bank balances 1,502,658 998,386
Accounts payable 7,173,461 6,323,448
Current portion of long-term debt 347,905 344,791
Other accrued expenses 4,453,334 4,604,603
Salary continuation plan 171,037 167,662
Line of credit outstanding 1,485,580 1,777,567
Total current liabilities 15,133,975 14,216,457
LONG-TERM LIABILITIES    
Notes payable - bank, non-current 5,977,129 6,064,983
Salary continuation plan 1,183,560 1,211,895
Deferred income taxes 2,969,917 2,969,917
Total long-term liabilities 10,130,606 10,246,795
STOCKHOLDER'S EQUITY    
Common stock - $.66-2/3 par value: 35,000,000 shares authorized Issued 13,828,793 shares 9,219,195 9,219,195
Additional paid-in capital 6,497,954 6,497,954
Retained earnings 19,199,124 18,866,264
Stockholders' equity excluding treasury stock 34,916,273 34,583,413
Less: Cost of common shares in treasury (2,094,161 shares at September 2, 2011 and 2,094,161 shares at June 3, 2011) (10,925,759) (10,925,759)
Total stockholder's equity 23,990,514 23,657,654
Total $ 49,255,095 $ 48,120,906