Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 30, 2013
Dec. 29, 2012
Current assets:    
Cash and cash equivalents $ 1,297 $ 1,030
Short-term investments 111 110
Accounts receivable, net of allowances of $242 and $221 at March 30, 2013 and December 29, 2012, respectively 7,040 7,431
Inventory 37,633 42,727
Deferred income taxes 44 39
Other current assets 3,310 4,176
Total current assets 49,435 55,513
Property and equipment, net 27,123 28,559
Intangible assets, net 3,120 3,227
Other non-current assets 1,669 1,578
Total assets 81,347 88,877
Current liabilities:    
Accounts payable 23,055 28,025
Accrued expenses 9,475 10,485
Revolving loan payable 12,125 16,222
Current portion of capital leases payable 35 70
Other current liabilities 4,704 4,738
Total current liabilities 49,394 59,540
Capital leases payable, net of current portion 69 70
Deferred income taxes 350 314
Other non-current liabilities 1,711 1,309
Total liabilities 51,524 61,233
Commitments and contingencies      
Stockholders' equity:    
Common stock, $0.001 par value; 100,000 shares authorized; 31,151 and 31,128 shares issued and outstanding at March 30, 2013 and December 29, 2012, respectively 31 31
Additional paid-in-capital 165,305 159,781
Accumulated other comprehensive income 378 384
Accumulated deficit (135,895) (132,552)
Total stockholders' equity 29,823 27,644
Total liabilities and stockholders' equity 81,347 88,877
Series A Convertible Preferred Stock
   
Stockholders' equity:    
Series A convertible preferred stock, $0.001 par value; $1.45 per share liquidation value or aggregate of $5.8 million; 4,150 shares authorized; 4,000 and 0 shares issued and outstanding at March 30, 2013 and December 29, 2012, respectively $ 4