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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Apr. 01, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 9,199 $ 4,990
Trade receivables less allowance for doubtful accounts of $620 for 2019 and $942 for 2018 63,966 63,507
Inventories 60,482 59,736
Income taxes receivable 527 2,643
Prepaid expenses and other current assets 5,235 4,106
Total current assets 139,409 134,982
PROPERTY, PLANT, AND EQUIPMENT:    
Land 9,140 9,540
Buildings and improvements 96,389 96,105
Machinery and equipment 93,153 89,324
Transportation equipment 29,744 26,790
Office furniture and equipment 16,435 16,406
Property, plant and equipment, gross 244,861 238,165
Less accumulated depreciation 126,233 114,339
Net property, plant, and equipment 118,628 123,826
OTHER ASSETS:    
Goodwill 58,440 58,440
Intangible assets, net 65,726 71,179
Other 3,396 2,564
Total other assets 127,562 132,183
Total assets 385,599 390,991
CURRENT LIABILITIES:    
Accounts payable — trade 29,314 33,424
Dividends payable 0 4,704
Accrued payroll and employee benefits 12,483 8,399
Current portion of long-term debt 9,907 9,864
Container deposits 1,299 1,241
Other current liabilities 2,393 2,935
Total current liabilities 55,396 60,567
LONG-TERM DEBT, LESS CURRENT PORTION 74,658 90,762
PENSION WITHDRAWAL LIABILITY 5,316 5,646
OTHER LONG-TERM LIABILITIES 5,695 4,386
DEFERRED INCOME TAXES 26,673 27,383
Total liabilities 167,738 188,744
Commitments and Contingencies 0 0
SHAREHOLDERS’ EQUITY:    
Common stock; authorized: 30,000,000 shares of $0.05 par value; 10,592,450 and 10,631,992 shares issued and outstanding for 2019 and 2018, respectively 530 532
Additional paid-in capital 52,609 53,877
Retained earnings 164,405 147,242
Accumulated other comprehensive income 317 596
Total shareholders’ equity 217,861 202,247
Total liabilities and shareholders’ equity $ 385,599 $ 390,991