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Consolidated Balance Sheets - USD ($)
Dec. 25, 2016
Mar. 27, 2016
Current assets:    
Cash and cash equivalents $ 8,354,700 $ 16,882,800
Trade accounts receivable, net of allowance for doubtful accounts of $809,600 and $841,400, respectively 70,981,800 58,315,700
Product inventory, net 63,129,700 53,903,900
Prepaid expenses and other current assets 4,992,000 5,917,100
Total current assets 147,458,200 135,019,500
Property and equipment, net 18,447,500 19,895,400
Goodwill, net 11,684,700 11,684,700
Other long-term assets 2,952,800 2,816,400
Total assets 180,543,200 169,416,000
Current liabilities:    
Trade accounts payable 58,616,300 41,986,000
Payroll, benefits and taxes 4,687,200 4,927,900
Income and sales tax liabilities 1,869,300 1,456,800
Accrued expenses and other current liabilities 3,000,600 3,874,100
Current portion of long-term debt 26,500 251,100
Total current liabilities 68,199,900 52,495,900
Deferred tax liabilities 397,500 379,400
Long-term debt, net of current portion 36,400 1,706,500
Other long-term liabilities 1,708,400 2,306,900
Total liabilities 70,342,200 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, 14,035,185 shares issued and 8,324,800 shares outstanding as of December 25, 2016, and 13,970,394 shares issued and 8,272,124 shares outstanding as of March 27, 2016 98,300 97,600
Additional paid-in capital 58,661,700 58,113,800
Treasury stock, at cost, 5,710,383 shares outstanding as of December 25, 2016 and 5,698,270 shares outstanding as of March 27, 2016 (57,432,800) (57,245,200)
Retained earnings 108,873,800 111,561,100
Total shareholders' equity 110,201,000 112,527,300
Total liabilities and shareholders' equity $ 180,543,200 $ 169,416,000