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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 30, 2023
Jan. 31, 2023
Apr. 30, 2022
Current assets:      
Cash $ 625 $ 1,057 $ 539
Trade accounts receivables, net 15,524 18,435 13,326
Other receivables 35 68 85
Income tax receivable 321 19 135
Inventories 85,640 67,406 66,297
Prepaid expenses and other current assets 2,698 2,083 2,156
Total current assets 104,843 89,068 82,538
Property, plant and equipment:      
Land 3,731 3,731 3,731
Land improvements 686 686 653
Buildings and building improvements 51,391 51,310 51,375
Machinery and equipment 114,655 113,662 113,901
Leasehold improvements 983 983 1,009
Total property, plant and equipment 171,446 170,372 170,669
Less accumulated depreciation and amortization 136,779 135,810 135,844
Net property, plant and equipment 34,667 34,562 34,825
Operating lease right-of-use assets 9,326 10,120 12,892
Deferred tax assets, net 8,249 7,800 769
Other assets, net 8,848 8,576 8,383
Total assets 165,933 150,126 139,407
Current liabilities:      
Accounts payable 23,628 19,448 19,437
Accrued compensation and employee benefits 9,416 9,554 5,055
Current portion of long-term debt 20,362 7,360 18,905
Current portion operating lease liability 5,271 5,082 4,769
Other accrued liabilities 7,868 7,081 6,049
Total current liabilities 66,545 48,525 54,215
Non-current liabilities:      
Accrued self-insurance retention 1,251 1,050 1,533
Accrued pension expenses 10,802 10,676 15,332
Income tax payable 85 79 76
Long-term debt, less current portion 14,323 14,384 14,564
Operating lease liability, less current portion 5,648 6,796 10,297
Other long-term liabilities 557 555 640
Total non-current liabilities 32,666 33,540 42,442
Commitments and contingencies (Notes 6, 7 and 13)
Preferred stock:      
Authorized 3,000,000 shares, $0.01 par value; none issued or outstanding 0 0 0
Common stock:      
Authorized 25,000,000 shares, $0.01 par value; issued and outstanding 16,210,985 shares at 4/30/2023 and 1/31/2023, and 16,102,023 at 4/30/2022 162 162 161
Additional paid-in capital 120,993 120,890 120,745
Accumulated deficit (52,073) (50,631) (72,262)
Accumulated other comprehensive loss (2,360) (2,360) (5,894)
Total stockholders’ equity 66,722 68,061 42,750
Total liabilities and stockholders’ equity $ 165,933 $ 150,126 $ 139,407