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Consolidated Balance Sheets - USD ($)
Mar. 28, 2021
Mar. 29, 2020
Current assets:    
Cash and cash equivalents $ 1,110,000 $ 50,000
Trade accounts receivable, net 70,045,700 82,868,400
Product inventory, net 53,060,000 50,298,100
Income taxes receivable 10,432,500 5,746,700
Prepaid expenses and other current assets 3,980,900 5,960,800
Current portion of assets held for sale 1,196,900 18,849,900
Total current assets 139,826,000 163,773,900
Property and equipment, net 12,571,600 13,433,700
Intangible assets, net 19,136,500 11,157,400
Deferred tax assets, net   3,032,500
Lease asset - right of use 11,285,800 13,949,800
Other long-term assets 6,258,000 3,361,400
Total assets 189,077,900 208,708,700
Current liabilities:    
Trade accounts payable 59,415,600 75,512,600
Payroll, benefits and taxes 6,279,800 4,258,300
Income and sales tax liabilities 803,900 450,800
Accrued expenses and other current liabilities 2,912,300 4,244,400
Revolving line of credit   25,563,900
Lease liability, current 2,573,500 2,579,200
Total current liabilities 71,985,100 112,609,200
Deferred tax liabilities, net 26,500  
Revolving line of credit 30,583,200  
Non-current lease liability 8,923,500 11,481,100
Other non-current liabilities 809,400 915,700
Total liabilities 112,327,700 125,006,000
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, 8,844,083 shares issued and 8,833,833 shares outstanding as of March 28, 2021, and 14,354,368 shares issued and 8,577,549 shares outstanding as of March 29, 2020 104,200 101,400
Additional paid-in capital 67,227,700 65,318,500
Treasury stock, at cost, 10,250 shares as of March 28, 2021 and 5,776,819 shares as of March 29, 2020 (62,800) (58,496,200)
Retained earnings 9,481,100 76,779,000
Total shareholders' equity 76,750,200 83,702,700
Total liabilities and shareholders' equity $ 189,077,900 $ 208,708,700