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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 27, 2024
Jan. 31, 2024
CURRENT ASSETS    
Cash and Cash Equivalents $ 3,990 $ 4,527
Accounts Receivable, net 17,863 23,056
Inventories, net 45,177 46,371
Prepaid Expenses and Other Current Assets 3,242 2,720
Total Current Assets 70,272 76,674
Property, Plant and Equipment, net 14,206 14,185
Identifiable Intangibles, net 18,402 18,836
Goodwill 14,536 14,633
Deferred Tax Assets, net 6,880 6,882
Right of Use Asset 894 603
Other Assets 1,411 1,438
TOTAL ASSETS 126,601 133,251
CURRENT LIABILITIES    
Accounts Payable 7,012 8,068
Accrued Compensation 2,934 2,923
Other Accrued Expenses 2,787 2,706
Revolving Line of Credit 3,400 8,900
Current Portion of Long-Term Debt 2,844 2,842
Current Liability—Royalty Obligation 1,700 1,700
Current Liability—Excess Royalty Payment Due 572 935
Income Taxes Payable 512 349
Deferred Revenue 1,151 1,338
Total Current Liabilities 22,912 29,761
NON-CURRENT LIABILITIES    
Long-Term Debt, net of current portion 9,343 10,050
Royalty Obligation, net of current portion 1,816 2,093
Lease Liabilities, net of current portion 680 415
Income Taxes Payable 551 551
Deferred Tax Liabilities 92 99
TOTAL LIABILITIES 35,394 42,969
SHAREHOLDERS' EQUITY    
Preferred Stock, $10 Par Value, Authorized 100,000 shares, None Issued
Common Stock, $0.05 Par Value, Authorized 13,000,000 shares; Issued 10,895,269 and 10,812,137 shares at April 27, 2024 and January 31, 2024, respectively 545 541
Additional Paid-in Capital 63,053 62,684
Retained Earnings 65,050 63,869
Treasury Stock, at Cost, 3,393,442 and 3,368,763 shares at April 27, 2024 and January 31, 2024, respectively (35,025) (34,593)
Accumulated Other Comprehensive Loss, net of tax (2,416) (2,219)
TOTAL SHAREHOLDERS' EQUITY 91,207 90,282
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 126,601 $ 133,251