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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 28, 2023
Jan. 31, 2023
CURRENT ASSETS    
Cash and Cash Equivalents $ 4,827 $ 3,946
Accounts Receivable, net 21,999 21,598
Inventories, net 47,005 51,324
Prepaid Expenses and Other Current Assets 3,056 2,894
Total Current Assets 76,887 79,762
Property, Plant and Equipment, net 14,252 14,288
Identifiable Intangibles, net 19,420 21,232
Goodwill 14,440 14,658
Deferred Tax Assets, net 6,903 6,907
Right of Use Asset 650 794
Other Assets 1,651 1,566
TOTAL ASSETS 134,203 139,207
CURRENT LIABILITIES    
Accounts Payable 4,893 8,479
Accrued Compensation 3,256 2,750
Other Accrued Expenses 4,410 3,308
Revolving Line of Credit 14,900 15,900
Current Portion of Long-Term Debt 2,700 2,100
Current Liability—Royalty Obligation 1,500 1,725
Current Liability—Excess Royalty Payment Due 542 562
Income Taxes Payable 56 786
Deferred Revenue 1,441 1,888
Total Current Liabilities 33,698 37,498
NON-CURRENT LIABILITIES    
Long-Term Debt, net of current portion 10,039 12,040
Royalty Obligation, net of current portion 2,476 3,415
Lease Liabilities, net of current portion 459 555
Income Taxes Payable 491 491
Deferred Revenue   674
Deferred Tax Liabilities 152 167
TOTAL LIABILITIES 47,315 54,840
SHAREHOLDERS' EQUITY    
Preferred Stock, $10 Par Value, Authorized 100,000 shares, None Issued
Common Stock, $0.05 Par Value, Authorized 13,000,000 shares; Issued 10,801,253 and 10,676,851 shares at October 28, 2023 and January 31, 2023, respectively 540 534
Additional Paid-in Capital 62,340 61,131
Retained Earnings 61,158 59,175
Treasury Stock, at Cost, 3,368,454 and 3,342,032 shares at October 28, 2023 and January 31, 2023, respectively (34,588) (34,235)
Accumulated Other Comprehensive Loss, net of tax (2,562) (2,238)
TOTAL SHAREHOLDERS' EQUITY 86,888 84,367
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 134,203 $ 139,207