|
|
Consolidated Balance Sheets
| At July 31 |
|
|
2005 |
|
2004 |
(in thousands) |
Assets
Current Assets: |
|
|
|
|
|
| Cash and cash equivalents |
$ |
14 |
$ |
2,992 |
| Accounts receivable |
|
|
20,462 |
|
19,124 |
| Inventories |
|
|
81,086 |
|
61,425 |
| Prepaid expenses and other assets |
|
1,834 |
|
2,130 |
|
| Total Current Assets |
|
|
103,396 |
|
85,671 |
|
| Property, Plant and Equipment |
|
75,299 |
|
77,224 |
| Other Assets |
|
|
31,392 |
|
31,009 |
|
| Total Assets |
|
$ |
210,087 |
$ |
193,904 |
|
| Liabilities & Members' Equity |
|
|
|
|
|
| Current Liabilities: |
|
|
|
|
|
| Notes payable |
|
$ |
14,100 |
$ |
0 |
| Grower demand deposits |
|
|
20,723 |
|
30,632 |
| Due members from operations |
|
12,292 |
|
9,143 |
| Accounts payable |
|
|
11,148 |
|
10,422 |
| Accrued expenses |
|
|
14,712 |
|
12,854 |
| Current portion of long-term debt |
|
12,800 |
|
440 |
|
| Total Current Liabilities |
|
85,775 |
|
63,491 |
|
| Long-Term Debt |
|
54,800 |
|
65,600 |
| Deferred Income Taxes and Other Liabilities |
11,964 |
|
10,465 |
| Members' Equity |
|
|
57,548 |
|
54,348 |
|
| Total Liabilities and Members' Equity |
|
$ |
210,087 |
$ |
193,904 |
|
|
CEO's Letter 