THE DIXIE GROUP, INC. CONSOLIDATED BALANCE SHEETS (amounts in thousands, except share data) December 26, 2020 December 28, 2019 ASSETS CURRENT ASSETS Cash and cash equivalents $ 1,920 $ 769  Receivables, net 37,716 37,138  Inventories, net 85,399 95,509  Prepaid expenses 8,296 6,179  TOTAL CURRENT ASSETS 133,331 139,595  PROPERTY, PLANT AND EQUIPMENT, NET 57,904 65,442  OPERATING LEASE RIGHT-OF-USE ASSETS 22,074 24,835  OTHER ASSETS 19,559 17,787  TOTAL ASSETS $ 232,868 $ 247,659  LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 19,058 $ 16,084  Accrued expenses 25,965 25,418  Current portion of long-term debt 6,116 6,684  Current portion of operating lease liabilities 3,323 3,172  TOTAL CURRENT LIABILITIES 54,462 51,358  LONG-TERM DEBT, NET 72,041 81,667  OPERATING LEASE LIABILITIES 19,404 22,123  OTHER LONG-TERM LIABILITIES 23,170 19,300  TOTAL LIABILITIES 169,077 174,448  COMMITMENTS AND CONTINGENCIES (See Note 19) STOCKHOLDERS' EQUITY Common Stock ($3 par value per share): Authorized 80,000,000 shares, issued and outstanding - 14,557,435 shares for 2020 and 15,025,087 shares for 2019 43,672 45,075  Class B Common Stock ($3 par value per share): Authorized 16,000,000 shares, issued and outstanding - 880,313 shares for 2020 and 836,669 shares for 2019 2,641 2,510  Additional paid-in capital 158,329 157,547  Accumulated deficit (140,321) (131,113) Accumulated other comprehensive income (loss) (530) (808) TOTAL STOCKHOLDERS' EQUITY 63,791 73,211  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 232,868 $ 247,659  See accompanying notes to the consolidated financial statements. Table of Contents 34