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Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 02, 2017
Apr. 03, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 6,861 $ 20,014
Trade receivables, less allowance for doubtful accounts of $468 for 2017 and $602 for 2016 57,298 59,271
Inventories 51,249 47,719
Income taxes receivable 1,273 6,062
Prepaid expenses and other current assets 4,238 4,222
Total current assets 120,919 137,288
PROPERTY, PLANT, AND EQUIPMENT:    
Land 9,097 9,085
Buildings and improvements 89,840 84,391
Machinery and equipment 82,910 75,132
Transportation equipment 24,398 22,442
Office furniture and equipment including computer systems 15,273 13,798
Property, plant and equipment, gross 221,518 204,848
Less accumulated depreciation 99,978 88,527
Net property, plant, and equipment 121,540 116,321
OTHER ASSETS:    
Goodwill 97,556 97,724
Intangible assets, net 76,883 82,934
Other 1,686 2,224
Total other assets 176,125 182,882
Total assets 418,584 436,491
CURRENT LIABILITIES:    
Accounts payable — trade 29,756 30,121
Dividends payable 4,466 4,226
Accrued payroll and employee benefits 9,979 8,787
Current portion of long-term debt 7,989 5,489
Due to sellers of acquired business 341 6,829
Container deposits 1,174 1,081
Other current liabilities 1,967 3,232
Total current liabilities 55,672 59,765
LONG-TERM DEBT, LESS CURRENT PORTION 94,626 123,616
PENSION WITHDRAWAL LIABILITY 5,968 6,282
OTHER LONG-TERM LIABILITIES 2,450 3,611
DEFERRED INCOME TAXES 42,040 42,242
Total liabilities 200,756 235,516
COMMITMENTS AND CONTINGENCIES 0 0
SHAREHOLDERS’ EQUITY:    
Common stock; authorized: 30,000,000 shares of $0.05 par value; 10,582,596 and 10,512,471 shares issued and outstanding for 2017 and 2016, respectively 529 526
Additional paid-in capital 51,104 48,189
Retained earnings 165,897 152,265
Accumulated other comprehensive income (loss) 298 (5)
Total shareholders’ equity 217,828 200,975
Total liabilities and shareholders’ equity $ 418,584 $ 436,491