|
CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified
|
Dec. 27, 2014
|
Dec. 28, 2013
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 495 |
$ 910 |
| Accounts receivable, net |
22,420 |
23,618 |
| Inventories |
65,216 |
43,086 |
| Deferred income tax asset |
1,228 |
755 |
| Other current assets |
1,220 |
1,223 |
| Total current assets |
90,579 |
69,592 |
| Property and equipment, net |
55,200 |
50,140 |
| Goodwill |
23,286 |
23,064 |
| Trademarks and other intangibles, net |
24,543 |
25,624 |
| Other assets |
1,702 |
1,671 |
| Total assets |
195,310 |
170,091 |
| Current liabilities: |
|
|
| Accounts payable |
15,533 |
19,380 |
| Accrued liabilities |
12,978 |
10,121 |
| Current portion of long-term debt |
7,041 |
6,110 |
| Total current liabilities |
35,552 |
35,611 |
| Long-term debt, less current portion |
59,218 |
61,865 |
| Line of credit |
18,802 |
3,223 |
| Deferred income tax liability |
6,869 |
4,188 |
| Interest rate swaps |
349 |
526 |
| Other liabilities |
2,554 |
5,525 |
| Total liabilities |
123,344 |
110,938 |
| Commitments and contingencies (see Notes 8 and 12) |
|
|
| Shareholders' equity: |
|
|
| Common stock, $.01 par value; 50,000 shares authorized; 19,961 and 19,845 shares issued and outstanding at December 27, 2014 and December 28, 2013, respectively |
200 |
198 |
| Additional paid-in capital |
33,100 |
30,960 |
| Accumulated other comprehensive loss |
(134) |
(244) |
| Retained earnings |
39,271 |
28,710 |
| Total shareholders' equity before treasury stock |
72,437 |
59,624 |
| Less: treasury stock, at cost: 368 shares at December 27, 2014 and December 28, 2013 |
(471) |
(471) |
| Total shareholders' equity |
71,966 |
59,153 |
| Total liabilities and shareholders' equity |
$ 195,310 |
$ 170,091 |