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Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 02, 2023
Apr. 03, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 7,566 $ 3,496
Trade accounts receivables, net 129,252 122,826
Inventories 88,777 94,985
Prepaid expenses and other current assets 6,449 6,431
Total current assets 232,044 227,738
PROPERTY, PLANT, AND EQUIPMENT:    
Land 16,344 16,640
Buildings and improvements 134,901 118,369
Machinery and equipment 125,970 114,763
Transportation equipment 56,328 43,968
Office furniture and equipment 11,210 10,315
Property, plant and equipment, gross 344,753 304,055
Less accumulated depreciation 158,950 142,209
Net property, plant, and equipment 185,803 161,846
OTHER ASSETS:    
Right-of-use assets 10,199 10,606
Goodwill 77,401 77,401
Intangible assets, net 73,060 80,193
Deferred compensation plan asset 7,367 6,783
Other 4,661 2,761
Total other assets 172,688 177,744
Total assets 590,535 567,328
CURRENT LIABILITIES:    
Accounts payable — trade 53,705 66,693
Accrued payroll and employee benefits 17,279 19,034
Current portion of long-term debt 9,913 9,913
Income tax payable 3,329 39
Other current liabilities 6,645 5,787
Total current liabilities 90,871 101,466
LONG-TERM DEBT 101,731 115,644
LONG-TERM LEASE LIABILITY 8,687 9,143
PENSION WITHDRAWAL LIABILITY 3,912 4,276
DEFERRED INCOME TAXES 23,800 23,422
DEFERRED COMPENSATION LIABILITY 9,343 8,402
OTHER LONG-TERM LIABILITIES 2,175 2,374
Total liabilities 240,519 264,727
Commitments and Contingencies
SHAREHOLDERS’ EQUITY:    
Common shares; authorized: 60,000,000 shares of $0.01 par value; 20,850,454 and 20,889,777 shares issued and outstanding for 2023 and 2022, respectively 209 209
Additional paid-in capital 44,443 46,717
Retained earnings 302,424 254,384
Accumulated other comprehensive income 2,940 1,291
Total shareholders’ equity 350,016 302,601
Total liabilities and shareholders’ equity $ 590,535 $ 567,328