XML 28 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Oct. 27, 2012
Jan. 31, 2012
CURRENT ASSETS    
Cash and Cash Equivalents $ 14,789,337 $ 11,703,621
Securities Available for Sale 8,173,835 11,335,924
Accounts Receivable, net 11,804,104 11,800,481
Inventories 14,487,300 14,128,599
Deferred Tax Assets 2,463,523 2,618,578
Line of Credit Receivable 300,000  
Note Receivable 125,000  
Prepaid Expenses and Other Current Assets 805,653 891,047
Total Current Assets 52,948,752 52,478,250
PROPERTY, PLANT AND EQUIPMENT 38,371,091 37,876,071
Less Accumulated Depreciation (27,671,765) (26,705,341)
Property, Plant and Equipment, net 10,699,326 11,170,730
OTHER ASSETS    
Goodwill 2,336,721 2,336,721
Notes Receivable 844,700 969,700
Other 107,446 106,735
Total Other Assets 3,288,867 3,413,156
TOTAL ASSETS 66,936,945 67,062,136
CURRENT LIABILITIES    
Accounts Payable 2,181,561 2,540,116
Accrued Compensation 2,798,981 3,228,728
Other Accrued Expenses 1,556,367 1,807,675
Deferred Revenue 581,568 623,223
Income Taxes Payable 411,344 72,725
Total Current Liabilities 7,529,821 8,272,467
Deferred Tax Liabilities 1,811,097 1,894,104
Other Long Term Liabilities 838,661 1,232,699
TOTAL LIABILITIES 10,179,579 11,399,270
SHAREHOLDERS' EQUITY    
Common Stock, $.05 Par Value, Authorized 13,000,000 shares; Issued 9,005,976 and 8,956,488 shares at October 27, 2012 and January 31, 2012, respectively 450,303 447,829
Additional Paid-In Capital 38,504,592 37,964,204
Retained Earnings 29,491,905 27,919,367
Treasury Stock, at Cost, 1,673,214 and 1,542,276 shares at October 27, 2012 and January 31, 2012, respectively (11,736,237) (10,789,805)
Accumulated Other Comprehensive Income 46,803 121,271
Total Shareholders' Equity 56,757,366 55,662,866
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 66,936,945 $ 67,062,136