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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 20, 2023
Oct. 28, 2022
Current assets:    
Cash and cash equivalents $ 12,992 $ 16,333
Accounts receivable, less allowance for doubtful accounts of $359 and $177, respectively, and promotional allowances of $3,522 and $2,771, respectively 32,680 34,541
Inventories, net 38,820 40,533
Refundable income taxes 1,367 1,201
Prepaid expenses and other current assets 1,412 321
Total current assets 87,271 92,929
Property, plant and equipment, net of accumulated depreciation and amortization of $72,300 and $70,968, respectively 70,640 71,830
Other non-current assets 11,700 11,589
Total assets 169,611 176,348
Current liabilities:    
Accounts payable 9,095 13,658
Accrued payroll, advertising, and other expenses 7,243 6,799
Income taxes payable 224 224
Current notes payable - equipment 1,099 1,089
Current right-of-use leases payable 1,005 1,054
Other current liabilities 1,601 4,029
Total current liabilities 20,267 26,853
Long-term notes payable - equipment 3,567 3,824
Deferred income taxes, net 8,972 8,972
Long-term right-of-use leases payable 3,207 3,420
Other non-current liabilities 6,341 6,954
Total liabilities 42,354 50,023
Contingencies and commitments (Note 3)
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 and 9,076,832 shares, respectively 9,134 9,134
Capital in excess of par value 8,298 8,298
Retained earnings 120,250 119,318
Accumulated other comprehensive loss (10,425) (10,425)
Total shareholders’ equity 127,257 126,325
Total liabilities and shareholders’ equity $ 169,611 $ 176,348