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Consolidated Balance Sheets - USD ($)
Sep. 25, 2016
Mar. 27, 2016
Current assets:    
Cash and cash equivalents $ 10,754,800 $ 16,882,800
Trade accounts receivable, net of allowance for doubtful accounts of $928,200 and $841,400, respectively 70,595,000 58,315,700
Product inventory, net 72,251,900 53,903,900
Prepaid expenses and other current assets 5,594,700 5,917,100
Total current assets 159,196,400 135,019,500
Property and equipment, net 18,810,400 19,895,400
Goodwill, net 11,684,700 11,684,700
Other long-term assets 2,969,400 2,816,400
Total assets 192,660,900 169,416,000
Current liabilities:    
Trade accounts payable 69,843,600 41,986,000
Payroll, benefits and taxes 5,094,400 4,927,900
Income and sales tax liabilities 1,187,200 1,456,800
Accrued expenses and other current liabilities 3,659,300 3,874,100
Current portion of long-term debt 26,500 251,100
Total current liabilities 79,811,000 52,495,900
Deferred tax liabilities 364,900 379,400
Long-term debt, net of current portion 43,000 1,706,500
Other long-term liabilities 1,990,700 2,306,900
Total liabilities 82,209,600 56,888,700
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, 14,027,934 shares issued and 8,317,551 shares outstanding as of September 25, 2016, and 13,970,394 shares issued and 8,272,124 shares outstanding as of March 27, 2016 98,200 97,600
Additional paid-in capital 58,473,800 58,113,800
Treasury stock, at cost, 5,710,383 shares outstanding as of September 25, 2016 and 5,698,270 shares outstanding as of March 27, 2016 (57,432,800) (57,245,200)
Retained earnings 109,312,100 111,561,100
Total shareholders' equity 110,451,300 112,527,300
Total liabilities and shareholders' equity $ 192,660,900 $ 169,416,000