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Consolidated Balance Sheets - USD ($)
Dec. 29, 2019
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 800 $ 30,300
Trade accounts receivable 82,545,100 93,966,200
Product inventory, net 70,773,100 71,845,400
Prepaid expenses and other current assets 6,880,700 5,562,800
Total current assets 160,199,700 171,404,700
Property and equipment, net 13,800,800 15,003,500
Goodwill 9,108,600 11,677,700
Intangible assets, net 9,145,000 5,097,800
Deferred tax assets 2,305,800 55,300
Lease asset - right of use 14,577,200  
Other long-term assets 2,479,400 3,256,800
Total assets 211,616,500 206,495,800
Current liabilities:    
Trade accounts payable 60,618,500 73,059,700
Payroll, benefits and taxes 5,385,300 5,929,500
Income and sales tax liabilities 272,600 749,000
Accrued expenses and other current liabilities 3,042,200 2,652,400
Revolving line of credit 29,356,800 14,378,100
Lease liability, current 2,553,000  
Total current liabilities 101,228,400 96,768,700
Lease liability 12,095,900  
Long-term liabilities 806,000 939,900
Total liabilities 114,130,300 97,708,600
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, 14,320,019 shares issued and 8,543,200 shares outstanding as of December 29, 2019, and 14,190,027 shares issued and 8,468,529 shares outstanding as of March 31, 2019 101,100 99,800
Additional paid-in capital 64,854,700 62,666,400
Treasury stock, at cost, 5,776,819 shares as of December 29, 2019 and 5,721,498 shares as of March 31, 2019 (58,496,200) (57,614,100)
Retained earnings 91,026,600 103,635,100
Total shareholders’ equity 97,486,200 108,787,200
Total liabilities and shareholders’ equity $ 211,616,500 $ 206,495,800