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Consolidated Balance Sheets - USD ($)
Jul. 01, 2018
Apr. 01, 2018
Current assets:    
Cash and cash equivalents $ 9,000 $ 19,400
Trade accounts receivable, net of allowance for doubtful accounts of $1,417,500 and $1,094,900, respectively 92,815,800 87,862,300
Product inventory, net 86,367,200 72,323,000
Prepaid expenses and other current assets 5,585,400 4,489,100
Total current assets 184,777,400 164,693,800
Property and equipment, net 13,679,200 13,662,800
Goodwill, net 11,677,700 11,677,700
Deferred tax assets 713,200 710,500
Other long-term assets 8,920,900 8,678,900
Total assets 219,768,400 199,423,700
Current liabilities:    
Trade accounts payable 82,483,900 67,041,100
Payroll, benefits and taxes 6,645,200 8,291,100
Income and sales tax liabilities 2,709,800 2,339,200
Accrued expenses and other current liabilities 2,795,000 1,370,300
Revolving line of credit 15,770,600 10,835,400
Current portion of long-term debt 22,800 27,300
Total current liabilities 110,427,300 89,904,400
Long-term debt, net of current portion   2,300
Other long-term liabilities 1,475,800 1,465,400
Total liabilities 111,903,100 91,372,100
Shareholders' equity:    
Preferred stock, $0.01 par value per share, 500,000 shares authorized and no shares issued and outstanding
Common stock, $0.01 par value per share, 15,000,000 shares authorized, 14,143,580 shares issued and 8,422,082 shares outstanding as of July 1, 2018, and 14,111,703 shares issued and 8,396,537 shares outstanding as of April 1, 2018 99,300 99,000
Additional paid-in capital 61,062,200 60,611,900
Treasury stock, at cost, 5,721,498 shares as of July 1, 2018 and 5,715,166 shares as of April 1, 2018 (57,614,100) (57,503,000)
Retained earnings 104,317,900 104,843,700
Total shareholders' equity 107,865,300 108,051,600
Total liabilities and shareholders' equity $ 219,768,400 $ 199,423,700