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Consolidated Balance Sheets - USD ($)
Jun. 28, 2020
Mar. 29, 2020
Current assets:    
Cash and cash equivalents $ 900 $ 50,000
Trade accounts receivable, net 73,854,000 82,868,400
Product inventory, net 69,664,400 69,148,000
Prepaid expenses and other current assets 14,384,900 11,707,500
Total current assets 157,904,200 163,773,900
Property and equipment, net 13,252,300 13,433,700
Intangible assets, net 13,969,600 11,157,400
Deferred tax assets 2,274,400 3,032,500
Lease asset - right of use 13,282,600 13,949,800
Other long-term assets 4,271,600 3,361,400
Total assets 204,954,700 208,708,700
Current liabilities:    
Trade accounts payable 75,431,400 75,512,600
Payroll, benefits and taxes 5,832,900 4,258,300
Income and sales tax liabilities 446,900 450,800
Accrued expenses and other current liabilities 4,107,900 4,244,400
Revolving line of credit 25,346,700 25,563,900
Lease liability, current 2,600,200 2,579,200
Total current liabilities 113,766,000 112,609,200
Non-current lease liability 10,831,700 11,481,100
Other non-current liabilities 899,900 915,700
Total liabilities 125,497,600 125,006,000
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, 14,426,729 shares issued and 8,637,129 shares outstanding as of June 28, 2020, and 14,354,368 shares issued and 8,577,549 shares outstanding as of March 29, 2020 102,200 101,400
Additional paid-in capital 65,762,300 65,318,500
Treasury stock, at cost, 5,789,600 shares as of June 28, 2020 and 5,776,819 shares as of March 29, 2020 (58,555,000) (58,496,200)
Retained earnings 72,147,600 76,779,000
Total shareholders' equity 79,457,100 83,702,700
Total liabilities and shareholders' equity $ 204,954,700 $ 208,708,700