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Condensed Consolidated Balance Sheets (USD $)
Oct. 29, 2011
Jan. 31, 2011
ASSETS    
Cash and Cash Equivalents $ 10,655,057 $ 7,720,135
Securities Available for Sale 11,376,791 12,910,232
Accounts Receivable, net 11,350,148 11,111,974
Inventories 13,606,992 14,404,914
Deferred Tax Assets 3,088,885 2,577,166
Prepaid Expenses and Other Current Assets 975,769 975,928
Total Current Assets 51,053,642 49,700,349
PROPERTY, PLANT AND EQUIPMENT 39,180,832 38,148,516
Less Accumulated Depreciation (26,785,886) (25,606,561)
Property, Plant and Equipment, net 12,394,946 12,541,955
OTHER ASSETS    
Intangible Assets, net 277,639 331,389
Goodwill 2,336,721 2,336,721
Other 108,685 88,799
Total Other Assets 2,723,045 2,756,909
TOTAL ASSETS 66,171,633 64,999,213
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts Payable 2,068,584 2,748,293
Accrued Compensation 2,427,542 2,179,448
Other Accrued Expenses 1,932,715 1,750,515
Deferred Revenue 595,293 787,988
Income Taxes Payable 447,072 36,979
Total Current Liabilities 7,471,206 7,503,223
Deferred Tax Liabilities 2,360,654 2,060,418
Other Long Term Liabilities 1,178,516 1,146,978
TOTAL LIABILITIES 11,010,376 10,710,619
SHAREHOLDERS' EQUITY    
Common Stock, $.05 Par Value, Authorized 13,000,000 shares; Issued 8,926,578 and 8,660,270 shares at October 29, 2011 and January 31, 2011, respectively 446,333 433,017
Additional Paid-In Capital 37,510,974 36,586,226
Retained Earnings 27,582,855 26,842,890
Treasury Stock, at Cost, 1,543,720 and 1,414,981 shares at October 29, 2011 and January 31, 2011, respectively (10,788,983) (9,840,052)
Accumulated Other Comprehensive Income 410,078 266,513
Total Shareholders' Equity 55,161,257 54,288,594
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 66,171,633 $ 64,999,213