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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 02, 2016
Jan. 02, 2016
Current assets:    
Cash $ 5,240 $ 4,808
Receivables, less allowances of $3.4 million and $3.2 million, respectively 181,623 138,545
Inventories, net 214,802 226,660
Other current assets 28,562 32,011
Total current assets 430,227 402,024
Property and equipment:    
Land and land improvements 35,926 40,108
Buildings 80,630 89,006
Machinery and equipment 78,646 79,173
Construction in progress 349 255
Property and equipment, at cost 195,551 208,542
Accumulated depreciation (105,628) (106,966)
Property and equipment, net 89,923 101,576
Other non-current assets 9,784 9,542
Total assets 529,934 513,142
Current liabilities:    
Accounts payable 96,830 88,087
Bank overdrafts 17,330 17,287
Accrued compensation 6,829 4,165
Current maturities of long-term debt 62,653 6,611
Other current liabilities 12,942 14,023
Total current liabilities 196,584 130,173
Non-current liabilities:    
Long-term debt 340,222 377,773
Pension benefit obligation 45,755 36,791
Other non-current liabilities 12,934 14,301
Total liabilities 595,495 559,038
Stockholders’ deficit:    
Common Stock, $0.01 par value, Authorized - 20,000,000 shares, Issued - 9,031,275 and 8,943,846 respectively. 90 89
Additional paid-in capital 256,959 255,905
Accumulated other comprehensive loss (46,206) (34,774)
Accumulated stockholders’ deficit (276,404) (267,116)
Total stockholders’ deficit (65,561) (45,896)
Total liabilities and stockholders’ deficit $ 529,934 $ 513,142