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Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 28, 2022
Oct. 29, 2021
Current assets:    
Cash and cash equivalents $ 16,333
Restricted cash 375
Accounts receivable, less allowance for doubtful accounts of $177 and $127, respectively, and promotional allowances of $2,771 and $2,869, respectively 34,541 24,384
Inventories, net 40,533 36,771
Refundable income taxes 1,201 6,156
Prepaid expenses and other current assets 321 2,571
Total current assets 92,929 70,257
Property, plant and equipment, net of accumulated depreciation and amortization of $70,968 and $64,527, respectively 71,830 72,886
Other non-current assets 11,589 13,647
Total assets 176,348 156,790
Current liabilities:    
Accounts payable 13,658 12,388
Accrued payroll, advertising and other expenses 7,853 6,890
Income taxes payable 224 98
Current notes payable – equipment (Note 5) 1,089 1,065
Other current liabilities 4,029 5,178
Total current liabilities 26,853 25,619
Long-term notes payable – equipment, bridge loan and revolving credit facility (Note 5) 3,824 36,004
Deferred income taxes, net 8,972 3,400
Other non-current liabilities 10,374 16,789
Total liabilities 50,023 81,812
Contingencies and commitments (Notes 3, 5 and 6)
Shareholders’ equity:    
Preferred stock, without par value; Authorized - 1,000,000 shares; issued and outstanding – none
Common stock, $1.00 par value; Authorized - 20,000,000 shares; issued and outstanding – 9,076,832 shares 9,134 9,134
Capital in excess of par value 8,298 8,298
Retained earnings 119,318 74,252
Accumulated other comprehensive loss (10,425) (16,706)
Total shareholders’ equity 126,325 74,978
Total liabilities and shareholders’ equity $ 176,348 $ 156,790