XML 29 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2012
Sep. 30, 2011
Current assets:    
Cash $ 568,960 $ 1,389,665
Accounts receivable, less allowance for doubtful accounts of $1.2 million at both June 2012 and September 2011 34,032,935 32,963,693
Inventories, net 49,381,171 38,447,982
Deferred income taxes 1,784,114 1,707,889
Prepaid and other current assets 4,976,295 6,073,536
Total current assets 90,743,475 80,582,765
Property and equipment, net 13,128,075 13,713,238
Goodwill 6,349,827 6,349,827
Other intangible assets, net 5,277,225 5,550,978
Other assets 1,289,963 1,238,825
TOTAL ASSETS 116,788,565 107,435,633
Current liabilities:    
Accounts payable 16,060,295 18,439,446
Accrued expenses 6,660,965 7,153,672
Accrued wages, salaries and bonuses 2,979,030 2,460,558
Income taxes payable 303,998 2,100,180
Current maturities of long-term debt 1,185,647 1,384,625
Total current liabilities 27,189,935 31,538,481
Credit facility 30,080,482 20,771,613
Deferred income taxes 3,842,164 2,743,238
Long-term debt, less current maturities 5,374,586 6,194,195
Other long-term liabilities 338,197 429,513
Shareholders' equity:    
Preferred stock, $0.01 par value, 1,000,000 shares authorized, 162,000 shares outstanding and issued in Series A and B referred to below      
Common stock, $.01 par value, 3,000,000 shares authorized, 608,271 shares outstanding at June 2012 and 609,320 shares outstanding at September 2011 6,252 6,093
Additional paid-in capital 10,910,595 9,981,055
Retained earnings 35,914,354 31,721,445
Treasury stock, 17,000 shares at cost (918,000)  
Total shareholders' equity 45,913,201 41,708,593
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 116,788,565 107,435,633
Series A Preferred Stock
    
Cumulative, convertible preferred stock    
Cumulative, convertible preferred stock 2,500,000 2,500,000
Series B Preferred Stock
    
Cumulative, convertible preferred stock    
Cumulative, convertible preferred stock $ 1,550,000 $ 1,550,000