XML 43 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2014
Sep. 30, 2013
Current assets:    
Cash $ 99,922 $ 275,036
Accounts receivable, less allowance for doubtful accounts of $0.8 million at 2014 and $1.1 million at 2013 33,286,932 28,383,205
Inventories, net 43,635,266 46,125,187
Deferred income taxes 1,606,168 1,831,933
Prepaid and other current assets 5,034,570 5,001,992
Total current assets 83,662,858 81,617,353
Property and equipment, net 13,763,140 13,088,859
Goodwill 6,349,827 6,349,827
Other intangible assets, net 4,455,978 4,820,978
Other assets 448,149 497,882
TOTAL ASSETS 108,679,952 106,374,899
Current liabilities:    
Accounts payable 16,412,895 15,859,636
Accrued expenses 6,891,308 6,714,444
Accrued wages, salaries and bonuses 2,647,969 2,754,136
Income taxes payable 1,603,614 1,922,351
Current maturities of long-term debt 341,190 998,788
Total current liabilities 27,896,976 28,249,355
Credit facility 15,081,783 14,841,712
Deferred income taxes 3,484,204 3,327,010
Long-term debt, less current maturities 3,735,702 4,076,892
Other long-term liabilities 139,003 239,396
Cumulative, Convertible Preferred Stock    
Commitments and contingencies (Note 12)      
Shareholders' equity:    
Preferred stock, $0.01 par value, 1,000,000 shares authorized, 116,000 shares outstanding and issued in Series A and B referred to above      
Common stock, $0.01 par value, 3,000,000 shares authorized, 602,411 shares issued and outstanding at September 2014 and 623,115 shares issued and outstanding at September 2013 6,677 6,543
Additional paid-in capital 13,571,909 12,502,135
Retained earnings 47,829,201 43,532,812
Treasury stock at cost (5,965,503) (3,300,956)
Total shareholders' equity 55,442,284 52,740,534
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 108,679,952 106,374,899
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 $ 400,000 $ 400,000