| ASSETS |
|
November
1
2002
|
|
November
2
2001
|
| Current
assets: |
|
|
|
|
| |
Cash
and cash equivalents |
|
$10,305 |
|
$12,974 |
| |
Accounts
receivable, less allowance for doubtful |
|
|
|
|
| |
|
accounts
of $3,419 and $779 and |
|
|
|
|
| |
|
promotional
allowances of $1,186 and $1,100 |
|
12,566 |
|
13,182 |
| |
Inventories |
|
17,562 |
|
19,165 |
| |
Prepaid
expenses |
|
244 |
|
864 |
| |
Refundable
income taxes |
|
1,737 |
|
2,041 |
| |
Deferred
income taxes |
|
3,999
 |
|
2,451
 |
| |
|
Total
current assets |
|
46,413 |
|
50,677 |
| |
|
|
|
|
|
|
| Property,
plant and equipment, net of |
|
|
|
|
| |
accumulated
depreciation of $ 39,373 |
|
|
|
|
| |
|
and
$35,378, respectively |
|
19,030 |
|
19,471 |
| |
Other
non-current assets |
|
8,740 |
|
7,649 |
| |
Deferred
income tax benefits |
|
2,999
 |
|
3,441
 |
| |
|
|
|
$77,182
 |
|
$81,238
 |
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| LIABILITIES
AND SHAREHOLDERS' EQUITY |
| Current
liabilities: |
|
|
|
|
| |
Accounts
payable |
|
$3,956 |
|
$5,722 |
| |
Accrued
payroll and other expenses |
|
4,648 |
|
5,200 |
| Current
portion of non-current liabilities |
|
3,196
 |
|
1,730
 |
| |
|
Total
current liabilities |
|
11,800
 |
|
12,652
 |
| Non-current
liabilities |
|
10,992
 |
|
11,251
 |
| Contingencies
and commitments (Note 6) |
|
|
|
|
| Shareholders'
equity: |
|
|
|
|
| |
Preferred
stock, without par value |
|
|
|
|
| |
|
Authorized
- 1,000 shares |
|
|
|
|
| |
|
Issued
and outstanding – none |
|
|
|
|
| |
Common
stock, $1.00 par value |
|
|
|
|
| |
|
Authorized
– 20,000 shares |
|
|
|
|
| |
|
Issued
and outstanding – 10,448 |
|
10,505 |
|
10,505 |
| |
Capital
in excess of par value |
|
17,475 |
|
17,475 |
| |
Retained
earnings |
|
27,776 |
|
29,355 |
| |
Accumulated
comprehensive income (loss) |
|
(1,366)
 |
|
-
 |
| |
|
Total
shareholders’ equity |
|
54,390
 |
|
57,335
 |
| |
|
|
|
$77,182
 |
|
$81,238
 |
See
accompanying notes to consolidated financial statements.
(page
7)
|