XML 46 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Sep. 30, 2011
Current assets:    
Cash $ 491,387 $ 1,389,665
Accounts receivable, less allowance for doubtful accounts of $1.2 million at both 2012 and 2011 32,681,835 32,963,693
Inventories, net 38,364,621 38,447,982
Deferred income taxes 1,916,619 1,707,889
Prepaid and other current assets 6,476,702 6,073,536
Total current assets 79,931,164 80,582,765
Property and equipment, net 13,083,912 13,713,238
Goodwill 6,349,827 6,349,827
Other intangible assets, net 5,185,978 5,550,978
Other assets 1,258,985 1,238,825
TOTAL ASSETS 105,809,866 107,435,633
Current liabilities:    
Accounts payable 17,189,208 18,439,446
Accrued expenses 6,931,859 7,153,672
Accrued wages, salaries and bonuses 2,503,361 2,460,558
Income taxes payable 2,194,966 2,100,180
Current maturities of long-term debt 1,182,829 1,384,625
Total current liabilities 30,002,223 31,538,481
Credit facility 14,353,732 20,771,613
Deferred income taxes 3,633,390 2,743,238
Long-term debt, less current maturities 5,075,680 6,194,195
Other long-term liabilities 336,186 429,513
Cumulative, convertible preferred stock    
Commitments and contingencies (Note 13)      
Shareholders' equity:    
Preferred stock, $0.01 par value, 1,000,000 shares authorized, 158,000 and 162,000 shares outstanding and issued in Series A and B referred to above      
Common stock, $0.01 par value, 3,000,000 shares authorized, 612,327 shares issued and outstanding at September 2012 and 609,320 shares issued and outstanding at September 2011 6,293 6,093
Additional paid-in capital 11,021,109 9,981,055
Retained earnings 38,349,253 31,721,445
Treasury stock, 17,000 shares at cost (918,000)  
Total shareholders' equity 48,458,655 41,708,593
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 105,809,866 107,435,633
Series A Preferred Stock
   
Cumulative, convertible preferred stock    
Cumulative, convertible preferred stock 2,500,000 2,500,000
Series B Preferred Stock
   
Cumulative, convertible preferred stock    
Cumulative, convertible preferred stock $ 1,450,000 $ 1,550,000