|
|
Fiscal
year ended
|
|
|
(52
weeks)
October 31
1997
|
|
(52
weeks)
November 1
1996
|
|
(53
weeks)
November 3
1995
|
| Cash
flows from operating activities: |
|
|
|
|
|
|
| Net
income |
|
$6,605,354 |
|
$5,651,383 |
|
$6,590,855 |
| Income
charges not affecting cash: |
|
|
|
|
|
|
| Depreciation |
|
2,950,376 |
|
2,493,308 |
|
1,963,702 |
| Provision
for losses on accounts receivable |
|
149,150 |
|
139,150 |
|
138,650 |
| Gain
on sale of assets |
|
(50,129) |
|
(52,729) |
|
(68,153) |
| |
| Effect
on cash of changes in assets and liabilities: |
|
|
|
|
|
|
| Accounts
receivable |
|
(1,516,171) |
|
45,388 |
|
(908,128) |
| Inventories |
|
47,162 |
|
(1,753,965) |
|
(1,789,927) |
| Prepaid
expenses |
|
206,099 |
|
90,281 |
|
(290,486) |
| Deferred
income tax benefits |
|
(859,636) |
|
(210,152) |
|
(1,124,607) |
| Other
non-current assets |
|
(1,028,297) |
|
(584,589) |
|
(558,786) |
| Accounts
payable and accrued expenses |
|
1,758,848 |
|
1,082,903 |
|
41,553 |
| Income
taxes payable |
|
70,539 |
|
58,401 |
|
(254,915) |
| Non-current
liabilities |
|
1,206,466 |
|
1,117,108 |
|
1,420,658 |
|
|
|
|
|
|
|
| Net
cash provided by operating activities |
|
10,189,145 |
|
7,162,032 |
|
5,580,451 |
|
|
|
|
|
|
|
| |
| Cash
used in investing activities: |
|
|
|
|
|
|
| Proceeds
from sale of assets |
|
50,129 |
|
57,601 |
|
73,454 |
| Additions
to property, plant and equipment |
|
(1,949,100) |
|
(5,987,709) |
|
(8,774,616) |
|
|
|
|
|
|
|
| Net
cash used in investing activities |
|
(1,898,971) |
|
(5,930,108) |
|
(8,701,162) |
|
|
|
|
|
|
|
| |
| Cash
used in financing activities: |
|
|
|
|
|
|
| Cash
dividends paid |
|
(2,255,264) |
|
(2,255,264) |
|
(2,161,295) |
|
|
|
|
|
|
|
| Net
increase (decrease) in cash and cash equivalents |
|
6,034,910 |
|
(1,023,340) |
|
(5,282,006) |
| |
| Cash
and cash equivalents at beginning of year |
|
6,343,022
|
|
7,366,362
|
|
12,648,368
|
| |
| Cash
and cash equivalents at end of year |
|
$12,377,932
|
|
$6,343,022
|
|
$7,366,362
|
| |
| Cash
paid for income taxes |
|
$4,022,000
|
|
$3,955,717
|
|
$5,003,099
|
|
(Page 7)