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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 29, 2023
Jan. 31, 2023
CURRENT ASSETS    
Cash and Cash Equivalents $ 4,530 $ 3,946
Accounts Receivable, net 18,005 21,598
Inventories, net 49,081 51,324
Prepaid Expenses and Other Current Assets 2,914 2,894
Total Current Assets 74,530 79,762
Property, Plant and Equipment, net 13,891 14,288
Identifiable Intangibles, net 20,033 21,232
Goodwill 14,760 14,658
Deferred Tax Assets, net 6,909 6,907
Right of Use Asset 735 794
Other Assets 1,692 1,566
TOTAL ASSETS 132,550 139,207
CURRENT LIABILITIES    
Accounts Payable 5,356 8,479
Accrued Compensation 2,668 2,750
Other Accrued Expenses 4,753 3,308
Revolving Line of Credit 13,900 15,900
Current Portion of Long-Term Debt 2,700 2,100
Current Liability—Royalty Obligation 1,600 1,725
Current Liability—Excess Royalty Payment Due 613 562
Income Taxes Payable   786
Deferred Revenue 1,858 1,888
Total Current Liabilities 33,448 37,498
NON-CURRENT LIABILITIES    
Long-Term Debt, net of current portion 10,709 12,040
Royalty Obligation, net of current portion 2,789 3,415
Lease Liabilities, net of current portion 530 555
Income Taxes Payable 491 491
Deferred Revenue   674
Deferred Tax Liabilities 182 167
TOTAL LIABILITIES 48,149 54,840
SHAREHOLDERS' EQUITY    
Preferred Stock, $10 Par Value, Authorized 100,000 shares, None Issued 0 0
Common Stock, $0.05 Par Value, Authorized 13,000,000 shares; Issued 10,792,879 and 10,676,851 shares at July 29, 2023 and January 31, 2023, respectively 540 534
Additional Paid-in Capital 62,004 61,131
Retained Earnings 58,406 59,175
Treasury Stock, at Cost, 3,368,219 and 3,342,032 shares at July 29, 2023 and January 31, 2023, respectively (34,585) (34,235)
Accumulated Other Comprehensive Loss, net of tax (1,964) (2,238)
TOTAL SHAREHOLDERS' EQUITY 84,401 84,367
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 132,550 $ 139,207