11  Consolidated Balance Sheets (dollars in thousands, except per share data) DECEMBER 29, DECEMBER 30, 2001 2000  ASSETS CURRENT ASSETS Cash and cash equivalents $ 1,412 $ 2,591  Accounts receivable (less allowance for doubtful  accounts of $2,524 for 2001 and $2,164 for 2000) 18,144 11,998  Inventories 92,899 114,944  Assets held for sale 2,271 68  Other 9,538 20,348  TOTAL CURRENT ASSETS 124,264 149,949  PROPERTY, PLANT AND EQUIPMENT Land and improvements 6,028 6,675  Buildings and improvements 75,350 81,405  Machinery and equipment 240,273 251,695  321,651 339,775  Less accumulated amortization and depreciation (144,397) (147,583) NET PROPERTY, PLANT AND EQUIPMENT 177,254 192,192  INTANGIBLE ASSETS (less accumulated amortization of  $9,103 for 2001 and $7,659 for 2000) 50,197 50,895  INVESTMENT IN AFFILIATE 12,575 11,678  OTHER ASSETS 21,898 18,492  TOTAL ASSETS $ 386,188 $ 423,206  LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable $ 42,547 $ 49,361  Accrued expenses 30,605 25,275  Current portion of long-term debt 14,497 14,018  TOTAL CURRENT LIABILITIES 87,649 88,654  LONG-TERM DEBT Senior indebtedness 85,798 112,286  Subordinated notes 35,714 40,476  Convertible subordinated debentures 32,237 34,737  TOTAL LONG-TERM DEBT 153,749 187,499  OTHER LIABILITIES 13,926 11,208  DEFERRED INCOME TAXES 24,639 27,554  STOCKHOLDERS’ EQUITY Common Stock ($3 par value per share): Authorized  80,000,000 shares, issued – 14,226,315 shares for 2001 and 2000  42,679 42,679  Class B Common Stock ($3 par value per share): Authorized  16,000,000 shares, issued – 795,970 shares for 2001 and 2000 2,388 2,388  Common Stock subscribed – 802,557 shares for 2001 791,786 shares for 2000  2,408 2,375  Additional paid-in capital 132,922 135,116  Stock subscriptions receivable (5,429) (5,341) Unearned stock compensation (44) (93) Accumulated deficit (11,468) (11,985) Accumulated other comprehensive income (3,762) (545) 159,694 164,594  Less Common Stock in treasury at cost –3,281,109 shares for  2001 and 3,519,778 shares for 2000 (53,469)  (56,303) TOTAL STOCKHOLDERS’ EQUITY 106,225 108,291  Commitments – Note L TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 386,188 $ 423,206  See accompanying notes to the consolidated financial statements. THE DIXIE GROUP  / 2001 ANNUAL REPORT