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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 03, 2023
Oct. 28, 2022
Current assets:    
Cash and cash equivalents $ 15,708 $ 16,333
Accounts receivable, less allowance for doubtful accounts of $248 and $177, respectively, and promotional allowances of $2,093 and $2,771, respectively 28,593 34,541
Inventories, net 40,573 40,533
Refundable income taxes 2,168 1,201
Prepaid expenses and other current assets 435 321
Total current assets 87,477 92,929
Property, plant and equipment, net of accumulated depreciation and amortization of $73,397 and $70,968, respectively 67,487 71,830
Other non-current assets 12,034 11,589
Total assets 166,998 176,348
Current liabilities:    
Accounts payable 7,201 13,658
Accrued payroll, advertising, and other expenses 6,404 7,853
Income taxes payable 256 224
Current notes payable – equipment 1,045 1,089
Current right-of-use leases payable 1,120 1,054
Other current liabilities 1,955 2,975
Total current liabilities 17,981 26,853
Long-term notes payable – equipment, bridge loan and revolving credit facility 2,786 3,824
Deferred income taxes, net 8,342 8,972
Lont-term right of use leases payable 2,450 3,420
Executive retirement plans 4,745 4,852
Other non-current liabilities 1,159 2,102
Total long-term liabilities 19,482 23,170
Total liabilities 37,463 50,023
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 122,792 119,318
Accumulated other comprehensive loss (10,689) (10,425)
Total shareholders’ equity 129,535 126,325
Total liabilities and shareholders’ equity $ 166,998 $ 176,348