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Consolidated Balance Sheets (USD $)
Apr. 30, 2012
Apr. 30, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 4,668,931 $ 4,138,102
Accounts receivable, less allowance for doubtful accounts of $164,103 and $150,000 at April 30, 2012 and 2011, respectively 27,916,288 23,549,065
Inventories, net 37,838,378 45,021,840
Prepaid expenses and other assets 1,170,537 922,345
Refundable income taxes 465,653 427,512
Deferred income taxes 1,840,751 1,536,233
Other receivables 238,592 273,943
Total current assets 74,139,130 75,869,040
PROPERTY, MACHINERY AND EQUIPMENT, NET 24,373,494 26,189,150
OTHER LONG-TERM ASSETS    
Customer relationships, net of amortization of $2,683,075 and $2,570,325 at April 30, 2012 and 2011, respectively 86,925 199,675
Miscellaneous 547,334 645,864
Total other long-term assets 634,259 845,539
TOTAL ASSETS 99,146,883 102,903,729
CURRENT LIABILITIES    
Trade accounts payable 20,233,521 18,830,629
Accrued expenses 1,012,549 1,065,203
Accrued payroll 3,338,127 3,266,766
Current portion of long-term debt 126,828 260,990
Current portion of capital lease obligations 219,457 832,262
Total current liabilities 24,930,482 24,255,850
LONG-TERM DEBT, LESS CURRENT PORTION 18,175,013 24,301,841
CAPITAL LEASE OBLIGATIONS, LESS CURRENT PORTION 806,882 1,044,181
DEFERRED RENT 735,616 722,559
DEFERRED INCOME TAXES 3,477,819 2,835,721
Total liabilities 48,125,812 53,160,152
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY    
Preferred stock, $.01 par value; 500,000 shares authorized, none issued or outstanding      
Common stock, $.01 par value; 12,000,000 shares authorized, 3,909,572 and 3,864,274 shares issued and outstanding at April 30, 2012 and 2011, respectively 39,096 38,643
Capital in excess of par value 19,891,996 19,749,278
Retained earnings 31,089,979 29,955,656
Total stockholders' equity 51,021,071 49,743,577
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 99,146,883 $ 102,903,729