|
|
Fiscal
year ended
|
|
|
November
1
1996
|
|
November
3
1995
|
|
October
28
1994
|
| Cash
flows from operating activities: |
|
|
|
|
|
|
| Net
income |
|
$5,651,383 |
|
$6,590,855 |
|
$6,141,726 |
Income
charges not affecting cash: |
|
|
|
|
|
|
| Depreciation |
|
2,493,308 |
|
1,963,702 |
|
1,870,758 |
| Provision
for losses on accounts receivable |
|
139,150 |
|
138,650 |
|
64,545 |
| Gain
on sale of assets |
|
(52,729) |
|
(68,153) |
|
(29,387) |
| |
| Effect
on cash of changes in assets and liabilities: |
|
|
|
|
|
|
| Accounts
receivable |
|
45,388 |
|
(908,128) |
|
(858,465) |
| Inventories |
|
(1,753,965) |
|
(1,789,927) |
|
473,457 |
| Prepaid
expenses |
|
(494,308) |
|
(849,272) |
|
(255,920) |
| Deferred
income tax benefits |
|
(1,124,607) |
|
(704,572) |
|
(754,275) |
| Accounts
payable and accrued expenses |
|
2,200,011 |
|
1,462,211 |
|
2,939,281 |
| Income
taxes payable |
|
58,401 |
|
(254,915) |
|
309,832 |
|
|
|
|
|
|
|
| Net
cash provided by operating activities |
|
7,162,032 |
|
5,580,451 |
|
9,901,552 |
|
|
|
|
|
|
|
| |
| Cash
used in investing activities: |
|
|
|
|
|
|
| Proceeds
from sale of assets |
|
57,601 |
|
73,454 |
|
73,847 |
| Additions
to property, plant and equipment |
|
(5,987,709) |
|
(8,774,616) |
|
(2,720,558) |
|
|
|
|
|
|
|
| Net
cash used in investing activities |
|
(5,930,108) |
|
(8,701,162) |
|
(2,646,711) |
|
|
|
|
|
|
|
| |
| Cash
used for financing activities: |
|
|
|
|
|
|
| Cash
dividends paid |
|
(2,255,264) |
|
(2,161,295) |
|
(1,879,385) |
|
|
|
|
|
|
|
| Net
(decrease) increase in cash and cash equivalents |
|
(1,023,340) |
|
(5,282,006) |
|
5,375,456 |
| |
| Cash
and cash equivalents at beginning of year |
|
7,366,362
|
|
12,648,368
|
|
7,272,912
|
| |
| Cash
and cash equivalents at end of year |
|
$6,343,022
|
|
$7,366,362
|
|
$12,648,368
|
| |
| Cash
paid for income taxes |
|
$3,955,717
|
|
$5,003,099
|
|
$4,021,490
|
|
(Page 7)