XML 21 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (unaudited) (USD $)
Dec. 29, 2013
Mar. 31, 2013
Current assets:    
Cash and cash equivalents $ 8,281,400 $ 4,468,000
Trade accounts receivable, net 63,605,900 82,177,600
Product inventory, net 62,372,100 60,913,600
Deferred tax assets 6,175,000 6,227,300
Prepaid expenses and other current assets 2,420,000 3,482,300
Total current assets 142,854,400 157,268,800
Property and equipment, net 22,030,500 23,202,000
Goodwill, net 11,684,700 11,684,700
Other long-term assets 2,132,200 2,144,500
Total assets 178,701,800 194,300,000
Current liabilities:    
Trade accounts payable 44,074,800 65,209,300
Payroll, benefits and taxes 7,787,100 11,678,500
Income and sales tax liabilities 2,295,300 2,530,700
Accrued expenses and other current liabilities 1,052,500 1,048,900
Revolving line of credit 0 0
Current portion of long-term debt 250,000 249,700
Total current liabilities 55,459,700 80,717,100
Deferred tax liabilities 3,951,800 3,951,800
Long-term debt, net of current portion 2,270,800 2,458,300
Other long-term liabilities 3,862,500 4,370,200
Total liabilities 65,544,800 91,497,400
Commitments and Contingencies      
Shareholders' equity:    
Preferred stock, $0.01 par value, 500,000 shares authorized and no shares issued and outstanding 0 0
Common stock $0.01 par value, 15,000,000 shares authorized, 13,598,970 shares issued and 8,158,342 shares outstanding as of December 29, 2013, and 13,362,398 shares issued and 7,987,900 shares outstanding as of March 31, 2013 94,100 91,500
Additional paid-in capital 53,407,600 50,481,600
Treasury stock, at cost, shares 5,440,628 outstanding as of December 29, 2013 and 5,374,498 shares outstanding as of March 31, 2013 (49,866,700) (48,438,300)
Retained earnings 109,522,000 100,667,800
Total shareholders' equity 113,157,000 102,802,600
Total liabilities and shareholders' equity $ 178,701,800 $ 194,300,000