HAWKINS INC
For the period ended Mar 31, 2024. Filed May 15, 2024.
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FY2024 · Filed May 15, 2024
HWKN$154.76+2.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except share and per-share data)
| March 31, 2024 | April 2, 2023 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $7,153 | $7,566 |
| Trade accounts receivables, net | 114,477 | 129,252 |
| Inventories | 74,600 | 88,777 |
| Prepaid expenses and other current assets | 6,596 | 6,449 |
| Total current assets | 202,826 | 232,044 |
| PROPERTY, PLANT, AND EQUIPMENT: | ||
| Land | 17,916 | 16,344 |
| Buildings and improvements | 147,701 | 134,901 |
| Machinery and equipment | 141,262 | 125,970 |
| Transportation equipment | 67,868 | 56,328 |
| Office furniture and equipment | 11,901 | 11,210 |
| 386,648 | 344,753 | |
| Less accumulated depreciation | 177,774 | 158,950 |
| Net property, plant, and equipment | 208,874 | 185,803 |
| OTHER ASSETS: | ||
| Right-of-use assets | 11,713 | 10,199 |
| Goodwill | 103,399 | 77,401 |
| Intangible assets, net | 116,626 | 73,060 |
| Deferred compensation plan asset | 9,584 | 7,367 |
| Other | 4,912 | 4,661 |
| Total other assets | 246,234 | 172,688 |
| Total assets | $657,934 | $590,535 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable — trade | $56,387 | $53,705 |
| Accrued payroll and employee benefits | 19,532 | 17,279 |
| Current portion of long-term debt | 9,913 | 9,913 |
| Income tax payable | 1,943 | 3,329 |
| Environmental remediation | 7,700 | — |
| Other current liabilities | 7,832 | 6,645 |
| Total current liabilities | 103,307 | 90,871 |
| LONG-TERM DEBT | 88,818 | 101,731 |
| LONG-TERM LEASE LIABILITY | 9,530 | 8,687 |
| PENSION WITHDRAWAL LIABILITY | 3,538 | 3,912 |
| DEFERRED INCOME TAXES | 22,406 | 23,800 |
| DEFERRED COMPENSATION LIABILITY | 11,764 | 9,343 |
| EARNOUT LIABILITY | 11,235 | — |
| OTHER LONG-TERM LIABILITIES | 1,310 | 2,175 |
| Total liabilities | 251,908 | 240,519 |
| COMMITMENTS AND CONTINGENCIES (Note 12) | ||
| SHAREHOLDERS’ EQUITY: | ||
| Common shares; authorized: 60,000,000 shares of $0.01 par value; 20,790,261 and 20,850,454 shares issued and outstanding for 2024 and 2023, respectively | 208 | 209 |
| Additional paid-in capital | 38,154 | 44,443 |
| Retained earnings | 364,549 | 302,424 |
| Accumulated other comprehensive income | 3,115 | 2,940 |
| Total shareholders’ equity | 406,026 | 350,016 |
| Total liabilities and shareholders’ equity | $657,934 | $590,535 |
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