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Consolidated Balance Sheets - USD ($)
Jun. 25, 2017
Mar. 26, 2017
Current assets:    
Cash and cash equivalents $ 158,700 $ 8,540,100
Trade accounts receivable, net of allowance for doubtful accounts of $804,100 and $782,200, respectively 79,792,700 64,778,900
Product inventory, net 72,105,700 63,984,300
Prepaid expenses and other current assets 4,685,700 3,864,100
Total current assets 156,742,800 141,167,400
Property and equipment, net 13,485,600 13,830,900
Goodwill, net 11,677,700 11,677,700
Other long-term assets 7,462,900 7,304,500
Total assets 189,369,000 173,980,500
Current liabilities:    
Trade accounts payable 63,111,800 53,581,400
Payroll, benefits and taxes 5,061,000 6,772,100
Income and sales tax liabilities 1,472,300 1,364,700
Accrued expenses and other current liabilities 1,925,100 2,228,200
Revolving line of credit 8,338,100  
Current portion of long-term debt 26,900 26,500
Total current liabilities 79,935,200 63,972,900
Deferred tax liabilities 380,800 386,800
Long-term debt, net of current portion 22,800 29,800
Other long-term liabilities 1,736,400 1,574,700
Total liabilities 82,075,200 65,964,200
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, 14,072,616 shares issued and 8,357,501 shares outstanding as of June 25, 2017, and 14,048,392 shares issued and 8,337,669 shares outstanding as of March 26, 2017 98,600 98,400
Additional paid-in capital 59,337,600 59,006,000
Treasury stock, at cost, 5,715,116 shares as of June 25, 2017 and 5,710,723 shares as of March 26, 2017 (57,502,400) (57,437,600)
Retained earnings 105,360,000 106,349,500
Total shareholders' equity 107,293,800 108,016,300
Total liabilities and shareholders' equity $ 189,369,000 $ 173,980,500