XML 19 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Balance Sheets - USD ($)
Mar. 27, 2016
Mar. 29, 2015
Current assets:    
Cash and cash equivalents $ 16,882,800 $ 7,524,000
Trade accounts receivable, net of allowance for doubtful accounts of $841,400 and $664,900, respectively 58,315,700 59,572,100
Product inventory, net 53,903,900 72,363,600
Prepaid expenses and other current assets 5,917,100 10,868,900
Total current assets 135,019,500 150,328,600
Property and equipment, net 19,895,400 21,111,800
Goodwill, net 11,684,700 11,684,700
Deferred tax assets   495,900
Other long-term assets 2,816,400 2,619,600
Total assets 169,416,000 186,240,600
Current liabilities:    
Trade accounts payable 41,986,000 51,804,200
Payroll, benefits and taxes 4,927,900 5,531,900
Income and sales tax liabilities 1,456,800 1,832,400
Accrued expenses and other current liabilities 3,874,100 8,688,500
Current portion of long-term debt 251,100 250,700
Total current liabilities 52,495,900 68,107,700
Deferred tax liabilities 379,400  
Long-term debt, net of current portion 1,706,500 1,957,500
Other long-term liabilities 2,306,900 3,033,300
Total liabilities $ 56,888,700 $ 73,098,500
Shareholders' equity:    
Preferred stock, $0.01 par value, 500,000 shares authorized and no shares issued and outstanding
Common stock $0.01 par value, 15,000,000 shares authorized, 13,970,394 shares issued and 8,272,124 shares outstanding as of March 27, 2016, and 13,817,239 shares issued and 8,159,592 shares outstanding as of March 29, 2015 $ 97,600 $ 96,100
Additional paid-in capital 58,113,800 56,517,600
Treasury stock, at cost, 5,698,270 shares outstanding as of March 27, 2016 and 5,657,647 shares outstanding as of March 29, 2015 (57,245,200) (56,307,900)
Retained earnings 111,561,100 112,836,300
Total shareholders' equity 112,527,300 113,142,100
Total liabilities and shareholders' equity $ 169,416,000 $ 186,240,600