Crown Crafts (CRWS) 10-Q 9 Feb 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Dec. 27, 2015	Jan. 27, 2016
Entity Registrant Name	CROWN CRAFTS INC
Entity Central Index Key	25,895
Trading Symbol	crws
Current Fiscal Year End Date	--04-03
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		9,996,527
Document Type	10-Q
Document Period End Date	Dec. 27, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 27, 2015	Mar. 29, 2015
Current assets:
Cash and cash equivalents	$ 7,549	$ 1,807
Accounts receivable (net of allowances of $1,137 at December 27, 2015 and $1,000 at March 29, 2015):
Due from factor	17,505	21,563
Other	681	807
Inventories	17,513	15,468
Prepaid expenses	2,427	1,906
Deferred income taxes	735	$ 968
Income taxes receivable	553
Total current assets	46,963	$ 42,519
Property, plant and equipment - at cost:
Vehicles	247	235
Leasehold improvements	233	230
Machinery and equipment	2,897	2,836
Furniture and fixtures	811	755
Property, plant and equipment - gross	4,188	4,056
Less accumulated depreciation	3,695	3,528
Property, plant and equipment - net	493	528
Finite-lived intangible assets - at cost:
Customer relationships	5,534	5,411
Other finite-lived intangible assets	3,686	7,613
Finite-lived intangible assets gross	9,220	13,024
Less accumulated amortization	5,149	8,517
Finite-lived intangible assets - net	4,071	4,507
Goodwill	1,126	1,126
Deferred income taxes	962	1,133
Other	185	133
Total Assets	53,800	49,946
Current liabilities:
Accounts payable	6,959	4,472
Accrued wages and benefits	1,337	2,265
Accrued royalties	2,184	1,581
Dividends payable	800	805
Income taxes payable	605	1,021
Other accrued liabilities	214	230
Total current liabilities	12,099	$ 10,374
Non-current liabilities:
Reserve for unrecognized tax benefits	$ 140
Commitments and contingencies
Shareholders' equity:
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at December 27, 2015 and March 29, 2015; Issued 12,171,834 shares at December 27, 2015 and 12,030,302 shares at March 29, 2015	$ 122	$ 120
Additional paid-in capital	50,010	48,561
Treasury stock - at cost - 2,175,307 shares at December 27, 2015 and 1,964,886 shares at March 29, 2015	(10,082)	(8,390)
Retained Earnings (Accumulated deficit)	1,511	(719)
Total shareholders' equity	41,561	39,572
Total Liabilities and Shareholders' Equity	$ 53,800	$ 49,946

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Dec. 27, 2015	Mar. 29, 2015
Allowance for doubtful accounts receivable	$ 1,137	$ 1,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	12,171,834	12,030,302
Treasury stock, shares (in shares)	2,175,307	1,964,886

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 27, 2015	Dec. 28, 2014	Dec. 27, 2015	Dec. 28, 2014
Net sales	$ 20,691	$ 23,743	$ 59,265	$ 59,888
Cost of products sold	14,439	17,115	42,526	43,132
Gross profit	6,252	6,628	16,739	16,756
Legal expense	21	59	93	1,360
Other marketing and administrative expenses	3,161	3,297	9,458	9,665
Income from operations	3,070	3,272	7,188	5,731
Other income (expense):
Interest expense	(8)	(10)	(47)	(27)
Interest income	$ 14	$ 1	44	$ 17
Gain on sale of property, plant and equipment			15
Foreign exchange loss	$ (53)	$ (18)	(62)	$ (30)
Other - net	(1)	(3)	2	(1)
Income before income tax expense	3,022	3,242	7,140	5,690
Income tax expense	879	1,196	2,505	2,111
Net income	$ 2,143	$ 2,046	$ 4,635	$ 3,579
Weighted average shares outstanding:
Basic (in shares)	9,996	10,072	10,024	10,041
Effect of dilutive securities (in shares)	42	30	39	35
Diluted (in shares)	10,038	10,102	10,063	10,076
Earnings per share:
Basic (in dollars per share)	$ 0.21	$ 0.20	$ 0.46	$ 0.36
Diluted (in dollars per share)	0.21	0.20	0.46	0.36
Cash dividends declared per share (in dollars per share)	$ 0.08	$ 0.08	$ 0.24	$ 0.24

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Dec. 27, 2015	Dec. 28, 2014
Operating activities:
Net income	$ 4,635	$ 3,579
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant and equipment	235	231
Amortization of intangibles	559	559
Deferred income taxes	404	$ 108
Gain on sale of property, plant and equipment	(15)
Reserve for unrecognized tax benefits	140
Stock-based compensation	691	$ 652
Tax shortfall from stock-based compensation	(5)
Changes in assets and liabilities:
Accounts receivable	4,184	$ (120)
Inventories	(2,045)	(5,694)
Prepaid expenses	(521)	$ (1,765)
Income taxes receivable	(553)
Other assets	(52)	$ (56)
Accounts payable	2,488	4,580
Accrued liabilities	(618)	520
Net cash provided by operating activities	9,527	2,594
Investing activities:
Capital expenditures for property, plant and equipment	(216)	$ (223)
Proceeds from sale of property, plant and equipment	31
Capital expenditures for purchased intangible assets	(123)
Net cash used in investing activities	$ (308)	$ (223)
Financing activities:
Repayments under revolving line of credit		(6,106)
Borrowings under revolving line of credit		6,106
Purchase of treasury stock	$ (1,692)	(173)
Issuance of common stock	347	58
Excess tax benefit from stock-based compensation	278	68
Dividends paid	(2,410)	(2,399)
Net cash used in financing activities	(3,477)	(2,446)
Net increase (decrease) in cash and cash equivalents	5,742	(75)
Cash and cash equivalents at beginning of period	1,807	560
Cash and cash equivalents at end of period	7,549	485
Supplemental cash flow information:
Income taxes paid, net of refunds received	2,603	2,323
Interest paid, net of interest received	5	10
Noncash financing activites:
Dividends declared but unpaid	(800)	(805)
Compensation paid as common stock	$ 140	$ 354

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	9 Months Ended
	Dec. 27, 2015
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Note 1 – Summary of Significant Accounting Policies Basis of Presentation: In the opinion of management, the interim unaudited consolidated financial statements contained herein include all adjustments necessary to present fairly the financial position of the Company as of December 27, 2015 and the results of its operations and cash flows for the periods presented. Such adjustments include normal, recurring accruals, as well as the elimination of all significant intercompany balances and transactions. Operating results for the three and nine-month periods ended December 27, 2015 are not necessarily indicative of the results that may be expected by the Company for its fiscal year ending April 3, 2016. For further information, refer to the Company’s consolidated financial statements and notes thereto included in the Company’s annual report on Form 10-K for the fiscal year ended March 29, 2015. Reclassifications: Fiscal Year: Use of Estimates: Cash and Cash Equivalents: The Company’s credit facility consists of a revolving line of credit under a financing agreement with The CIT Group/Commercial Services, Inc. (“CIT”), a subsidiary of CIT Group, Inc. The Company classifies a negative balance outstanding under this revolving line of credit as cash, as these amounts are legally owed to the Company and are immediately available to be drawn upon by the Company. There are no compensating balance requirements or other restrictions on the transfer of amounts associated with the Company’s depository accounts. Financial Instruments : Advertising Cost s : Segment and Related Information: Three-Month Periods Ended Nine-Month Periods Ended December 27, 2015 December 28, 2014 December 27, 2015 December 28, 2014 Bedding, blankets and accessories $ 15,821 $ 18,378 $ 42,456 $ 44,566 Bibs, bath and disposable products 4,870 5,365 16,809 15,322 Total net sales $ 20,691 $ 23,743 $ 59,265 $ 59,888 Revenue Recognition: Allowances Against Accounts Receivable To reduce the exposure to credit losses and to enhance the predictability of its cash flows, the Company assigns the majority of its trade accounts receivable under factoring agreements with CIT. In the event a factored receivable becomes uncollectible due to creditworthiness, CIT bears the risk of loss. The Company’s management must make estimates of the uncollectibility of its non-factored accounts receivable to evaluate the adequacy of the Company’s allowance for doubtful accounts, which is accomplished by specifically analyzing accounts receivable, historical bad debts, customer concentrations, customer creditworthiness, current economic trends and changes in its customers’ payment terms. The Company’s accounts receivable as of December 27, 2015 was $19.6 million, net of allowances of $1.1 million. Of this amount, $17.5 million was due from CIT under the factoring agreements, and an additional $7.5 million was due from CIT as a negative balance outstanding under the revolving line of credit. The combined amount of $25.0 million represents the maximum loss that the Company could incur if CIT failed completely to perform its obligations under the factoring agreements and the revolving line of credit. Royalty Payments: Depreciation and Amortization: Valuation of Long-Lived Assets and Identifiable Intangible Assets: Patent Costs: Inventory Valuation: The indirect costs allocated to inventory are done so as a percentage of projected annual supplier purchases and can impact the Company’s results of operations as purchase volume fluctuates from quarter to quarter and year to year. The difference between indirect costs incurred and the indirect costs allocated to inventory creates a burden variance, which is generally favorable when actual inventory purchases exceed planned inventory purchases, and is generally unfavorable when actual inventory purchases are lower than planned inventory purchases. While the burden variance can be significant during interim periods, it is generally not material by the end of each fiscal year. The determination of the indirect charges and their allocation to the Company's finished products inventories is complex and requires significant management judgment and estimates. If management made different judgments or utilized different estimates, then differences would result in the valuation of the Company's inventories, the amount and timing of the Company's cost of products sold and the resulting net income for any accounting period. On a periodic basis, management reviews the Company’s inventory quantities on hand for obsolescence, physical deterioration, changes in price levels and the existence of quantities on hand which may not reasonably be expected to be sold within the normal operating cycle of the Company's operations. To the extent that any of these conditions is believed to exist or the market value of the inventory expected to be realized in the ordinary course of business is otherwise no longer as great as its carrying value, an allowance against the inventory value is established. To the extent that this allowance is established or increased during an accounting period, an expense is recorded in cost of products sold in the Company's consolidated statements of income. Only when inventory for which an allowance has been established is later sold or is otherwise disposed of is the allowance reduced accordingly. Significant management judgment is required in determining the amount and adequacy of this allowance. In the event that actual results differ from management's estimates or these estimates and judgments are revised in future periods, the Company may not fully realize the carrying value of its inventory or may need to establish additional allowances, either of which could materially impact the Company's financial position and results of operations. Provision for Income Taxes: Management evaluates items of income, deductions and credits reported on the Company’s various federal and state income tax returns filed and recognizes the effect of positions taken on those income tax returns only if those positions are more likely than not to be sustained. The Company applies the provisions of FASB ASC Sub-topic 740-10-25, which requires a minimum recognition threshold that a tax benefit must meet before being recognized in the financial statements. Recognized income tax positions are measured at the largest amount that has a greater than 50% likelihood of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. During the three-month period ended December 27, 2015, an evaluation was made of the Company’s process regarding the calculation of the state portion of its income tax provision. This evaluation resulted in a tax position which reflects opportunities for the application of more favorable state apportionment percentages for the past few years. After considering all relevant information, the Company believes that the technical merits of this tax position would more likely than not be sustained. However, the Company also believes that the ultimate resolution of the tax position will result in a tax benefit that is less than the full amount being sought. Therefore, the Company’s measurement regarding the tax impact of the revised state apportionment percentages resulted in the Company recording during the three-month period ended December 27, 2015 a gross reserve for unrecognized tax benefits of $713,000, less an offset of $573,000 to reflect state income tax overpayments net of the federal income tax impact, for a net reserve for unrecognized tax benefits of $140,000 in the accompanying consolidated financial statements. The Company’s policy is to accrue interest expense and penalties as appropriate on any estimated unrecognized tax benefits as a charge to interest expense in the Company’s consolidated statements of income. As the estimated unrecognized tax benefits are associated with state income tax overpayments, no interest expense or penalties will be accrued as long as the overpayments are receivable. The Company files income tax returns in the many jurisdictions within which it operates, including the U.S., several U.S. states and the People’s Republic of China. The statute of limitations for the Company’s filed income tax returns varies by jurisdiction; tax years open to federal, state or Chinese audit or other adjustment as of December 27, 2015 were the fiscal years ended April 1, 2012, March 31, 2013, March 30, 2014 and March 29, 2015, as well as the fiscal year ended April 3, 2011 for several states. Earnings Per Share: Recently-Issued Accounting Standards: Revenue from Contracts with Customers (Topic 606) Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes

Note 2 - Goodwill, Customer Rel

Note 2 - Goodwill, Customer Relationships and Other Intangible Assets	9 Months Ended
	Dec. 27, 2015
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 2 – Goodwill , Customer Relationships and Other Intangible Assets Goodwill: The Company tests the fair value of the goodwill, if any, within its reporting units annually as of the first day of the Company’s fiscal year. An additional interim impairment test is performed during the year whenever an event or change in circumstances occurs that suggests that the fair value of the goodwill of either of the reporting units of the Company has more likely than not (defined as having a likelihood of greater than 50%) fallen below its carrying value. The annual or interim impairment test is performed by first assessing qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If such qualitative factors so indicate, then the impairment test is continued in a two-step approach. The first step is the estimation of the fair value of each reporting unit to ensure that its fair value exceeds its carrying value. If step one indicates that a potential impairment exists, then the second step is performed to measure the amount of an impairment charge, if any. In the second step, these estimated fair values are used as the hypothetical purchase price for the reporting units, and an allocation of such hypothetical purchase price is made to the identifiable tangible and intangible assets and assigned liabilities of the reporting units. The impairment charge is calculated as the amount, if any, by which the carrying value of the goodwill exceeds the implied amount of goodwill that results from this hypothetical purchase price allocation. The annual impairment test of the fair value of the goodwill of the reporting units of the Company was performed as of March 30, 2015, and the Company concluded that the fair value of the goodwill of the Company’s reporting units substantially exceeded their carrying values as of that date. Other Intangible Assets: , other than tangible assets and goodwill. The gross amount and accumulated amortization of the Company’s other intangible assets as of December 27, 2015 and March 29, 2015, the amortization expense for the three and nine-month periods ended December 27, 2015 and December 28, 2014 and the classification of such amortization expense within the accompanying unaudited consolidated statements of income are as follows (in thousands): Amortization Expense Gross Amount Accumulated Amortization Three-Month Periods Ended Nine-Month Periods Ended December March December March December December December December 27, 29, 27, 29, 27, 28, 27, 28, Tradename and trademarks $ 1,987 $ 1,987 $ 900 $ 801 $ 33 $ 33 $ 99 $ 99 Licenses and designs - 3,571 - 3,571 - - - - Non-compete covenants 98 454 58 410 1 1 4 17 Patents 1,601 1,601 431 350 27 27 81 81 Customer relationships 5,534 5,411 3,760 3,385 127 121 375 362 Total other intangible assets $ 9,220 $ 13,024 $ 5,149 $ 8,517 $ 188 $ 182 $ 559 $ 559 Classification within the accompanying consolidated statements of income: Cost of products sold $ 1 $ 1 $ 4 $ 17 Other marketing and administrative expenses 187 181 555 542 Total amortization expense $ 188 $ 182 $ 559 $ 559

Note 3 - Inventories

Note 3 - Inventories	9 Months Ended
	Dec. 27, 2015
Notes to Financial Statements
Inventory Disclosure [Text Block]	Note 3 – Inventories Major classes of inventory were as follows (in thousands): December 27, 2015 March 29, 2015 Raw Materials $ 37 $ 36 Finished Goods 17,476 15,432 Total inventory $ 17,513 $ 15,468

Note 4 - Stock-based Compensati

Note 4 - Stock-based Compensation	9 Months Ended
	Dec. 27, 2015
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	N ote 4 – Stock-based Compensation The Company has two incentive stock plans, the 2006 Omnibus Incentive Plan (the “2006 Plan”) and the 2014 Omnibus Equity Compensation Plan (the “2014 Plan”). As a result of the approval of the 2014 Plan by the Company’s stockholders at the Company’s 2014 annual meeting, grants may no longer be issued under the 2006 Plan. The Company believes that awards of long-term, equity-based incentive compensation will attract and retain directors, officers and employees of the Company and will encourage these individuals to contribute to the successful performance of the Company, which will lead to the achievement of the Company’s overall goal of increasing stockholder value. Awards granted under the 2014 Plan may be in the form of incentive stock options, non-qualified stock options, shares of restricted or unrestricted stock, stock units, stock appreciation rights or other stock-based awards. Awards may be granted subject to the achievement of performance goals or other conditions, and certain awards may be payable in stock or cash, or a combination of the two. The 2014 Plan is administered by the Compensation Committee of the Company’s Board of Directors (the “Board”), which selects eligible employees, non-employee directors and other individuals to participate in the 2014 Plan and determines the type, amount, duration and other terms of individual awards. At December 27, 2015, 1.0 million shares of the Company’s common stock were available for future issuance under the 2014 Plan. Stock-based compensation expense is calculated according to FASB ASC Topic 718, Compensation – Stock Compensation Stock Options: the nine-month periods ended December 27, 2015 and December 28, 2014 : Nine-Month Period Ended Nine-Month Period Ended December 27, 2015 December 28, 2014 Weighted- Weighted- Average Number of Average Number of Exercise Options Exercise Options Price Outstanding Price Outstanding Outstanding at Beginning of Period $ 6.83 330,000 $ 5.76 185,000 Granted 8.38 110,000 7.90 165,000 Exercised 6.30 (55,000 ) 5.78 (10,000 ) Outstanding at End of Period 7.35 385,000 6.80 340,000 Exercisable at End of Period 6.52 192,500 5.60 125,000 As of December 27, 2015, the intrinsic value of the outstanding and exercisable stock options was $334,000 and $314,000, respectively. The intrinsic value of the stock options exercised during the three and nine-months ended December 27, 2015 was $68,000 and $101,000, respectively. The Company received no cash from the exercise of stock options during each of the three and nine-month periods ended December 27, 2015. Upon the exercise of stock options, participants may choose to surrender to the Company those shares from the option exercise necessary to satisfy the exercise amount and their income tax withholding obligations that arise from the option exercise. The effect on the cash flow of the Company from these “cashless” option exercises is that the Company remits cash on behalf of the participant to satisfy his or her income tax withholding obligations. The Company used cash of $25,000 and $37,000 to remit the required income tax withholding amounts from “cashless” option exercises during the three and nine-month periods ended December 27, 2015, respectively, and used cash of $5,000 to remit the required income tax withholding amounts from “cashless” option exercises during each of the three and nine-month periods ended December 28, 2014. To determine the estimated fair value of stock options granted, the Company uses the Black-Scholes-Merton valuation formula, which is a closed-form model that uses an equation to estimate fair value. The following table sets forth the assumptions used to determine the fair value of the non-qualified stock options which were awarded to certain employees during the nine-month periods ended December 27, 2015 and December 28, 2014, which options vest over a two-year period, assuming continued service. Options Issued to Employees Nine-Month Periods Ended December 27, 2015 December 28, 2014 Options issued 110,000 165,000 Grant date June 12, 2015 June 18, 2014 Dividend yield 3.82 % 4.05 % Expected volatility 20.00 % 30.00 % Risk free interest rate 1.12 % 0.95 % Contractual term (years) 10.00 10.00 Expected term (years) 3.00 3.00 Forfeiture rate 5.00 % 5.00 % Exercise price (grant-date closing price) per option $ 8.38 $ 7.90 Fair value per option $ 0.77 $ 1.19 For the three-month periods ended December 27, 2015 and December 28, 2014, the Company recognized compensation expense associated with stock options as follows (in thousands): Three-Month Period Ended December 27, 2015 Three-Month Period Ended December 28, 2014 Cost of Other Marketing Cost of Other Marketing Products & Administrative Total Products & Administrative Total Options Granted in Fiscal Year Sold Expenses Expense Sold Expenses Expense 2014 $ - $ - $ - $ 6 $ 6 $ 12 2015 12 10 22 12 10 22 2016 5 4 9 - - - Total stock option compensation $ 17 $ 14 $ 31 $ 18 $ 16 $ 34 For the nine-month periods ended December 27, 2015 and December 28, 2014, the Company recognized compensation expense associated with stock options as follows (in thousands): Nine-Month Period Ended December 27, 2015 Nine-Month Period Ended December 28, 2014 Cost of Other Marketing Cost of Other Marketing Products & Administrative Total Products & Administrative Total Options Granted in Fiscal Year Sold Expenses Expense Sold Expenses Expense 2013 $ - $ - $ - $ 12 $ 12 $ 24 2014 7 7 14 19 19 38 2015 40 34 74 26 22 48 2016 11 9 20 - - - Total stock option compensation $ 58 $ 50 $ 108 $ 57 $ 53 $ 110 As of December 27, 2015, total unrecognized stock option compensation expense amounted to $113,000, which will be recognized as the underlying stock options vest over a weighted-average period of nine months. The amount of future stock option compensation expense could be affected by any future stock option grants and by the separation from the Company of any individual who has received stock options that are unvested as of such individual’s separation date. Non-vested Stock Granted to Non-Employee Directors: Number of Shares Fair Value per Share Three-Month Period Ended 28,000 $8.20 September 27, 2015 28,000 $7.97 September 28, 2014 28,000 $6.67 September 29, 2013 42,000 $5.62 September 30, 2012 These shares vest over a two-year period, assuming continued service. The fair value of the non-vested stock granted to the Company’s non-employee directors was based on the closing price of the Company’s common stock on the date of each grant. In August 2015, 28,000 shares vested that had been granted to the Company’s non-employee directors, with such shares having an aggregate value of $226,000. Non-vested Stock Granted to Employees: With the closing price conditions having been met for these awards, the Board at various times approved amendments to provide for the immediate vesting of all or a portion of several of the grants. The vesting of these awards was accelerated in order to maximize the deductibility of the associated compensation expense by the Company for income tax purposes. During the three-month period ended September 27, 2015, the remaining 240,000 of these shares vested, with such shares having an aggregate value of $1.9 million. Each of the individuals holding shares that vested surrendered to the Company the number of shares necessary to satisfy the income tax withholding obligations that arose from the vesting of the shares, and the Company remitted $948,000 to the appropriate taxing authorities on behalf of such individuals. Performance Bonus Plan: These individuals may instead be awarded cash, if and to the extent that insufficient shares of common stock are available for issuance from all shareholder-approved, equity-based plans or programs of the Company in effect. The performance bonus plan also imposes individual limits on awards and provides that shares of common stock that may be awarded will vest over a two-year period. Compensation expense associated with performance bonus plan awards are recognized over a three-year period – the fiscal year in which the award is earned, plus the two-year vesting period. In connection with the performance bonus plan, the Company, in respect of fiscal year 2015, awarded 58,532 shares of common stock with a fair value of $7.18 per share during the three-month period ended June 28, 2015. In connection with these awards, the Company recognized compensation expense of $140,000 during fiscal year 2015, and will recognize, on a straight-line basis, $140,000 in compensation expense during each of fiscal years 2016 and 2017. In connection with the performance bonus plan, the Company, in respect of fiscal year 2014, awarded 188,232 shares of common stock with a fair value of $5.65 per share during the three-month period ended June 29, 2014. In connection with these awards, the Company recognized compensation expense of $354,000 during each of fiscal years 2014 and 2015, and will recognize, on a straight-line basis, $354,000 in compensation expense during fiscal year 2016. During the three-month period ended June 28, 2015, 94,116 of these shares vested, with such shares having an aggregate value of $735,000. Each of the individuals holding shares that vested surrendered to the Company the number of shares necessary to satisfy the income tax withholding obligations that arose from the vesting of the shares, and the Company remitted $360,000 to the appropriate taxing authorities on behalf of such individuals. For the three-month periods ended December 27, 2015 and December 28, 2014, the Company recognized compensation expense associated with stock grants, which is included in marketing and administrative expenses in the accompanying consolidated statements of income, as follows (in thousands): Three-Month Period Ended December 27, 2015 Three-Month Period Ended December 28, 2014 Non-employee Total Non-employee Total Stock Granted in Fiscal Year Employees Directors Expense Employees Directors Expense 2011 $ - $ - $ - $ 51 $ - $ 51 2014 - - - - 23 23 2015 89 28 117 89 28 117 2016 35 29 64 - - - Total stock grant compensation $ 124 $ 57 $ 181 $ 140 $ 51 $ 191 For the nine-month periods ended December 27, 2015 and December 28, 2014, the Company recognized compensation expense associated with stock grants, which is included in marketing and administrative expenses in the accompanying consolidated statements of income, as follows (in thousands): Nine-Month Period Ended December 27, 2015 Nine-Month Period Ended December 28, 2014 Non-employee Total Non-employee Total Stock Granted in Fiscal Year Employees Directors Expense Employees Directors Expense 2011 $ 48 $ - $ 48 $ 133 $ - $ 133 2013 - - - - 27 27 2014 - 31 31 - 69 69 2015 267 84 351 267 46 313 2016 105 48 153 - - - Total stock grant compensation $ 420 $ 163 $ 583 $ 400 $ 142 $ 542 As of December 27, 2015, total unrecognized compensation expense related to the Company’s non-vested stock grants amounted to $510,000, which will be recognized over the respective vesting terms associated with each block of non-vested stock indicated above, such grants having an aggregate weighted-average vesting term of 4.7 months. The amount of future compensation expense related to the Company’s non-vested stock grants could be affected by any future non-vested stock grants and by the separation from the Company of any individual who has non-vested stock grants as of such individual’s separation date.

Note 5 - Financing Arrangements

Note 5 - Financing Arrangements	9 Months Ended
	Dec. 27, 2015
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 5 – Financing Arrangements Factoring Agreement s: CIT bears credit losses with respect to assigned accounts receivable from approved customers that are within approved credit limits, while the Company bears the responsibility for adjustments from customers related to returns, allowances, claims and discounts. CIT may at any time terminate or limit its approval of shipments to a particular customer. If such a termination were to occur, the Company must either assume the credit risk for shipments after the date of such termination or limitation or cease shipments to such customer. Factoring fees, which are included in marketing and administrative expenses in the accompanying unaudited consolidated statements of income, were $124,000 and $187,000 for the three-month periods ended December 27, 2015 and December 28, 2014, respectively, and were $396,000 and $453,000 for the nine-month periods ended December 27, 2015 and December 28, 2014, respectively. There were no advances from the factor at December 27, 2015 or March 29, 2015. Credit Facility: Under the financing agreement, a fee was assessed based on 0.125% of the average unused portion of the $26.0 million revolving line of credit, less any outstanding letters of credit (the “Commitment Fee”). The Commitment Fee was $8,000 for each of the three months ended December 27, 2015 and December 28, 2014, and was $25,000 for each of the nine months ended December 27, 2015 and December 28, 2014. At December 27, 2015, there was no balance owed on the revolving line of credit, there was no letter of credit outstanding and the Company had $25.4 million available under the revolving line of credit based on the Company’s eligible accounts receivable and inventory balances. The financing agreement for the revolving line of credit contains usual and customary covenants for agreements of that type, including limitations on other indebtedness, liens, transfers of assets, investments and acquisitions, merger or consolidation transactions, transactions with affiliates and changes in or amendments to the organizational documents for the Company and its subsidiaries. The Company was in compliance with these covenants as of December 27, 2015. The financing agreement was amended on December 28, 2015 to extend its maturity date to July 11, 2019 and to eliminate the Commitment Fee.

Note 6 - Subsequent Events

Note 6 - Subsequent Events	9 Months Ended
	Dec. 27, 2015
Notes to Financial Statements
Subsequent Events [Text Block]	N ote 6 – Subsequent Event s As set forth in Note 5 above, the Company’s financing agreement with CIT was amended on December 28, 2015 to extend its maturity date to July 11, 2019 and to eliminate the Commitment Fee. On February 4, 2016, the Board declared a special cash dividend on the Company’s common stock of $0.25 per share, which is in addition to the declaration of the regular quarterly cash dividend of $0.08 per share. Both dividends will be paid on April 8, 2016 to stockholders of record at the close of business on March 18, 2016. The Company has evaluated events which have occurred between December 27, 2015 and the date that the accompanying consolidated financial statements were issued, and has determined that there are no other material subsequent events that require disclosure.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 27, 2015
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation: In the opinion of management, the interim unaudited consolidated financial statements contained herein include all adjustments necessary to present fairly the financial position of the Company as of December 27, 2015 and the results of its operations and cash flows for the periods presented. Such adjustments include normal, recurring accruals, as well as the elimination of all significant intercompany balances and transactions. Operating results for the three and nine-month periods ended December 27, 2015 are not necessarily indicative of the results that may be expected by the Company for its fiscal year ending April 3, 2016. For further information, refer to the Company’s consolidated financial statements and notes thereto included in the Company’s annual report on Form 10-K for the fiscal year ended March 29, 2015.
Reclassification, Policy [Policy Text Block]	Reclassifications:
Fiscal Period, Policy [Policy Text Block]	Fiscal Year:
Use of Estimates, Policy [Policy Text Block]	Use of Estimates:
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents: The Company’s credit facility consists of a revolving line of credit under a financing agreement with The CIT Group/Commercial Services, Inc. (“CIT”), a subsidiary of CIT Group, Inc. The Company classifies a negative balance outstanding under this revolving line of credit as cash, as these amounts are legally owed to the Company and are immediately available to be drawn upon by the Company. There are no compensating balance requirements or other restrictions on the transfer of amounts associated with the Company’s depository accounts.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Financial Instruments :
Advertising Costs, Policy [Policy Text Block]	Advertising Cost s :
Segment Reporting, Policy [Policy Text Block]	Segment and Related Information: Three-Month Periods Ended Nine-Month Periods Ended December 27, 2015 December 28, 2014 December 27, 2015 December 28, 2014 Bedding, blankets and accessories $ 15,821 $ 18,378 $ 42,456 $ 44,566 Bibs, bath and disposable products 4,870 5,365 16,809 15,322 Total net sales $ 20,691 $ 23,743 $ 59,265 $ 59,888
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition:
Receivables, Policy [Policy Text Block]	Allowances Against Accounts Receivable To reduce the exposure to credit losses and to enhance the predictability of its cash flows, the Company assigns the majority of its trade accounts receivable under factoring agreements with CIT. In the event a factored receivable becomes uncollectible due to creditworthiness, CIT bears the risk of loss. The Company’s management must make estimates of the uncollectibility of its non-factored accounts receivable to evaluate the adequacy of the Company’s allowance for doubtful accounts, which is accomplished by specifically analyzing accounts receivable, historical bad debts, customer concentrations, customer creditworthiness, current economic trends and changes in its customers’ payment terms. The Company’s accounts receivable as of December 27, 2015 was $19.6 million, net of allowances of $1.1 million. Of this amount, $17.5 million was due from CIT under the factoring agreements, and an additional $7.5 million was due from CIT as a negative balance outstanding under the revolving line of credit. The combined amount of $25.0 million represents the maximum loss that the Company could incur if CIT failed completely to perform its obligations under the factoring agreements and the revolving line of credit.
Revenue Recognition, Services, Royalty Fees [Policy Text Block]	Royalty Payments:
Depreciation, Depletion, and Amortization [Policy Text Block]	Depreciation and Amortization:
Goodwill and Intangible Assets, Policy [Policy Text Block]	Valuation of Long-Lived Assets and Identifiable Intangible Assets:
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	Patent Costs:
Inventory, Policy [Policy Text Block]	Inventory Valuation: The indirect costs allocated to inventory are done so as a percentage of projected annual supplier purchases and can impact the Company’s results of operations as purchase volume fluctuates from quarter to quarter and year to year. The difference between indirect costs incurred and the indirect costs allocated to inventory creates a burden variance, which is generally favorable when actual inventory purchases exceed planned inventory purchases, and is generally unfavorable when actual inventory purchases are lower than planned inventory purchases. While the burden variance can be significant during interim periods, it is generally not material by the end of each fiscal year. The determination of the indirect charges and their allocation to the Company's finished products inventories is complex and requires significant management judgment and estimates. If management made different judgments or utilized different estimates, then differences would result in the valuation of the Company's inventories, the amount and timing of the Company's cost of products sold and the resulting net income for any accounting period. On a periodic basis, management reviews the Company’s inventory quantities on hand for obsolescence, physical deterioration, changes in price levels and the existence of quantities on hand which may not reasonably be expected to be sold within the normal operating cycle of the Company's operations. To the extent that any of these conditions is believed to exist or the market value of the inventory expected to be realized in the ordinary course of business is otherwise no longer as great as its carrying value, an allowance against the inventory value is established. To the extent that this allowance is established or increased during an accounting period, an expense is recorded in cost of products sold in the Company's consolidated statements of income. Only when inventory for which an allowance has been established is later sold or is otherwise disposed of is the allowance reduced accordingly. Significant management judgment is required in determining the amount and adequacy of this allowance. In the event that actual results differ from management's estimates or these estimates and judgments are revised in future periods, the Company may not fully realize the carrying value of its inventory or may need to establish additional allowances, either of which could materially impact the Company's financial position and results of operations.
Income Tax, Policy [Policy Text Block]	Provision for Income Taxes: Management evaluates items of income, deductions and credits reported on the Company’s various federal and state income tax returns filed and recognizes the effect of positions taken on those income tax returns only if those positions are more likely than not to be sustained. The Company applies the provisions of FASB ASC Sub-topic 740-10-25, which requires a minimum recognition threshold that a tax benefit must meet before being recognized in the financial statements. Recognized income tax positions are measured at the largest amount that has a greater than 50% likelihood of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. During the three-month period ended December 27, 2015, an evaluation was made of the Company’s process regarding the calculation of the state portion of its income tax provision. This evaluation resulted in a tax position which reflects opportunities for the application of more favorable state apportionment percentages for the past few years. After considering all relevant information, the Company believes that the technical merits of this tax position would more likely than not be sustained. However, the Company also believes that the ultimate resolution of the tax position will result in a tax benefit that is less than the full amount being sought. Therefore, the Company’s measurement regarding the tax impact of the revised state apportionment percentages resulted in the Company recording during the three-month period ended December 27, 2015 a gross reserve for unrecognized tax benefits of $713,000, less an offset of $573,000 to reflect state income tax overpayments net of the federal income tax impact, for a net reserve for unrecognized tax benefits of $140,000 in the accompanying consolidated financial statements. The Company’s policy is to accrue interest expense and penalties as appropriate on any estimated unrecognized tax benefits as a charge to interest expense in the Company’s consolidated statements of income. As the estimated unrecognized tax benefits are associated with state income tax overpayments, no interest expense or penalties will be accrued as long as the overpayments are receivable. The Company files income tax returns in the many jurisdictions within which it operates, including the U.S., several U.S. states and the People’s Republic of China. The statute of limitations for the Company’s filed income tax returns varies by jurisdiction; tax years open to federal, state or Chinese audit or other adjustment as of December 27, 2015 were the fiscal years ended April 1, 2012, March 31, 2013, March 30, 2014 and March 29, 2015, as well as the fiscal year ended April 3, 2011 for several states.
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Share:
New Accounting Pronouncements, Policy [Policy Text Block]	Recently-Issued Accounting Standards: Revenue from Contracts with Customers (Topic 606) Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes

Note 1 - Summary of Significa13

Note 1 - Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Dec. 27, 2015
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three-Month Periods Ended Nine-Month Periods Ended December 27, 2015 December 28, 2014 December 27, 2015 December 28, 2014 Bedding, blankets and accessories $ 15,821 $ 18,378 $ 42,456 $ 44,566 Bibs, bath and disposable products 4,870 5,365 16,809 15,322 Total net sales $ 20,691 $ 23,743 $ 59,265 $ 59,888

Note 2 - Goodwill, Customer R14

Note 2 - Goodwill, Customer Relationships and Other Intangible Assets (Tables)	9 Months Ended
	Dec. 27, 2015
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Amortization Expense Gross Amount Accumulated Amortization Three-Month Periods Ended Nine-Month Periods Ended December March December March December December December December 27, 29, 27, 29, 27, 28, 27, 28, Tradename and trademarks $ 1,987 $ 1,987 $ 900 $ 801 $ 33 $ 33 $ 99 $ 99 Licenses and designs - 3,571 - 3,571 - - - - Non-compete covenants 98 454 58 410 1 1 4 17 Patents 1,601 1,601 431 350 27 27 81 81 Customer relationships 5,534 5,411 3,760 3,385 127 121 375 362 Total other intangible assets $ 9,220 $ 13,024 $ 5,149 $ 8,517 $ 188 $ 182 $ 559 $ 559 Classification within the accompanying consolidated statements of income: Cost of products sold $ 1 $ 1 $ 4 $ 17 Other marketing and administrative expenses 187 181 555 542 Total amortization expense $ 188 $ 182 $ 559 $ 559

Note 3 - Inventories (Tables)

Note 3 - Inventories (Tables)	9 Months Ended
	Dec. 27, 2015
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 27, 2015 March 29, 2015 Raw Materials $ 37 $ 36 Finished Goods 17,476 15,432 Total inventory $ 17,513 $ 15,468

Note 4 - Stock-based Compensa16

Note 4 - Stock-based Compensation (Tables)	9 Months Ended
	Dec. 27, 2015
Notes Tables
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Nine-Month Period Ended Nine-Month Period Ended December 27, 2015 December 28, 2014 Weighted- Weighted- Average Number of Average Number of Exercise Options Exercise Options Price Outstanding Price Outstanding Outstanding at Beginning of Period $ 6.83 330,000 $ 5.76 185,000 Granted 8.38 110,000 7.90 165,000 Exercised 6.30 (55,000 ) 5.78 (10,000 ) Outstanding at End of Period 7.35 385,000 6.80 340,000 Exercisable at End of Period 6.52 192,500 5.60 125,000
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Options Issued to Employees Nine-Month Periods Ended December 27, 2015 December 28, 2014 Options issued 110,000 165,000 Grant date June 12, 2015 June 18, 2014 Dividend yield 3.82 % 4.05 % Expected volatility 20.00 % 30.00 % Risk free interest rate 1.12 % 0.95 % Contractual term (years) 10.00 10.00 Expected term (years) 3.00 3.00 Forfeiture rate 5.00 % 5.00 % Exercise price (grant-date closing price) per option $ 8.38 $ 7.90 Fair value per option $ 0.77 $ 1.19
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Three-Month Period Ended December 27, 2015 Three-Month Period Ended December 28, 2014 Cost of Other Marketing Cost of Other Marketing Products & Administrative Total Products & Administrative Total Options Granted in Fiscal Year Sold Expenses Expense Sold Expenses Expense 2014 $ - $ - $ - $ 6 $ 6 $ 12 2015 12 10 22 12 10 22 2016 5 4 9 - - - Total stock option compensation $ 17 $ 14 $ 31 $ 18 $ 16 $ 34 Nine-Month Period Ended December 27, 2015 Nine-Month Period Ended December 28, 2014 Cost of Other Marketing Cost of Other Marketing Products & Administrative Total Products & Administrative Total Options Granted in Fiscal Year Sold Expenses Expense Sold Expenses Expense 2013 $ - $ - $ - $ 12 $ 12 $ 24 2014 7 7 14 19 19 38 2015 40 34 74 26 22 48 2016 11 9 20 - - - Total stock option compensation $ 58 $ 50 $ 108 $ 57 $ 53 $ 110
Schedule of Share-based Compensation, Nonemployee Director Stock Award Plan, Activity [Table Text Block]	Number of Shares Fair Value per Share Three-Month Period Ended 28,000 $8.20 September 27, 2015 28,000 $7.97 September 28, 2014 28,000 $6.67 September 29, 2013 42,000 $5.62 September 30, 2012
Schedule of Nonvested Share Activity [Table Text Block]	Three-Month Period Ended December 27, 2015 Three-Month Period Ended December 28, 2014 Non-employee Total Non-employee Total Stock Granted in Fiscal Year Employees Directors Expense Employees Directors Expense 2011 $ - $ - $ - $ 51 $ - $ 51 2014 - - - - 23 23 2015 89 28 117 89 28 117 2016 35 29 64 - - - Total stock grant compensation $ 124 $ 57 $ 181 $ 140 $ 51 $ 191 Nine-Month Period Ended December 27, 2015 Nine-Month Period Ended December 28, 2014 Non-employee Total Non-employee Total Stock Granted in Fiscal Year Employees Directors Expense Employees Directors Expense 2011 $ 48 $ - $ 48 $ 133 $ - $ 133 2013 - - - - 27 27 2014 - 31 31 - 69 69 2015 267 84 351 267 46 313 2016 105 48 153 - - - Total stock grant compensation $ 420 $ 163 $ 583 $ 400 $ 142 $ 542

Note 1 - Summary of Significa17

Note 1 - Summary of Significant Accounting Policies (Details Textual)	3 Months Ended		9 Months Ended
	Dec. 27, 2015USD ($)	Dec. 28, 2014USD ($)	Dec. 27, 2015USD ($)	Dec. 28, 2014USD ($)	Mar. 29, 2015USD ($)
Collectibility of Receivables [Member]
Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure			$ 25,000,000
Cost of Sales [Member]
Direct Operating Cost, Royalty Expense	$ 2,300,000	$ 2,500,000	$ 6,300,000	$ 5,900,000
Minimum [Member]
Property, Plant and Equipment, Useful Life			3 years
Finite-Lived Intangible Asset, Useful Life			1 year
Maximum [Member]
Property, Plant and Equipment, Useful Life			8 years
Finite-Lived Intangible Asset, Useful Life			20 years
Advertising Expense	271,000	$ 376,000	$ 840,000	$ 842,000
Number of Operating Segments			1
Accounts Receivable, Net, Current	19,600,000		$ 19,600,000
Provision for Doubtful Accounts			1,100,000
Due From Factor	17,505,000		17,505,000		$ 21,563,000
Line of Credit Facility, Negative Balance Outstanding	7,500,000		7,500,000
Unrecognized Tax Benefits, Gross	713,000		713,000
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	573,000
Unrecognized Tax Benefits	$ 140,000		$ 140,000

Note 1 - Segment and Related In

Note 1 - Segment and Related Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 27, 2015	Dec. 28, 2014	Dec. 27, 2015	Dec. 28, 2014
Bedding, Blankets, And Accessories [Member]
Net sales	$ 15,821	$ 18,378	$ 42,456	$ 44,566
Bibs, Bath, And Disposable Products [Member]
Net sales	4,870	5,365	16,809	15,322
Net sales	$ 20,691	$ 23,743	$ 59,265	$ 59,888

Note 2 - Goodwill, Customer R19

Note 2 - Goodwill, Customer Relationships and Other Intangible Assets (Details Textual) - USD ($) $ in Thousands	Dec. 27, 2015	Mar. 29, 2015
Goodwill, Gross	$ 24,000	$ 24,000
Goodwill	1,126	$ 1,126
Goodwill, Impaired, Accumulated Impairment Loss	$ 22,900

Note 2 - Other Intangible Asset

Note 2 - Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 27, 2015	Dec. 28, 2014	Dec. 27, 2015	Dec. 28, 2014	Mar. 29, 2015
Trademarks and Trade Names [Member]
Finite-lived intangible assets, gross amount	$ 1,987		$ 1,987		$ 1,987
Finite-lived intangible assets, accumulated amortization	900		900		801
Amortization expense	$ 33	$ 33	$ 99	$ 99
Licenses and Designs [Member]
Finite-lived intangible assets, gross amount					3,571
Finite-lived intangible assets, accumulated amortization					3,571
Noncompete Agreements [Member]
Finite-lived intangible assets, gross amount	$ 98		$ 98		454
Finite-lived intangible assets, accumulated amortization	58		58		410
Amortization expense	1	1	4	17
Patents [Member]
Finite-lived intangible assets, gross amount	1,601		1,601		1,601
Finite-lived intangible assets, accumulated amortization	431		431		350
Amortization expense	27	27	81	81
Customer Relationships [Member]
Finite-lived intangible assets, gross amount	5,534		5,534		5,411
Finite-lived intangible assets, accumulated amortization	3,760		3,760		3,385
Amortization expense	127	121	375	362
Cost of Sales [Member]
Amortization expense	1	1	4	17
Other Marketing and Administrative Expenses [Member]
Amortization expense	187	181	555	542
Finite-lived intangible assets, gross amount	9,220		9,220		13,024
Finite-lived intangible assets, accumulated amortization	5,149		5,149		$ 8,517
Amortization expense	$ 188	$ 182	$ 559	$ 559

Note 3 - Components of Inventor

Note 3 - Components of Inventories (Details) - USD ($) $ in Thousands	Dec. 27, 2015	Mar. 29, 2015
Raw Materials	$ 37	$ 36
Finished Goods	17,476	15,432
Total inventory	$ 17,513	$ 15,468

Note 4 - Stock-based Compensa22

Note 4 - Stock-based Compensation (Details Textual) - USD ($)	1 Months Ended	3 Months Ended								9 Months Ended		12 Months Ended
	Aug. 31, 2015	Dec. 27, 2015	Sep. 27, 2015	Jun. 28, 2015	Dec. 28, 2014	Jun. 29, 2014	Dec. 29, 2013	Dec. 30, 2012	Jun. 27, 2010	Dec. 27, 2015	Dec. 28, 2014	Apr. 02, 2017	Apr. 03, 2016	Mar. 29, 2015	Mar. 30, 2014
Performance Shares [Member] | Scenario, Forecast [Member] | Officer [Member] | Awards Granted During 3 Month Period Ended June 29, 2014 [Member]
Allocated Share-based Compensation Expense													$ 354,000
Performance Shares [Member] | Scenario, Forecast [Member] | Officer [Member] | Awards Granted During 3 Month Period Ended June 28, 2015 [Member]
Allocated Share-based Compensation Expense												$ 140,000	$ 140,000
Performance Shares [Member] | Officer [Member] | Awards Granted During 3 Month Period Ended June 29, 2014 [Member]
Allocated Share-based Compensation Expense														$ 354,000	$ 354,000
Performance Shares [Member] | Officer [Member] | Awards Granted During 3 Month Period Ended June 28, 2015 [Member]
Allocated Share-based Compensation Expense														$ 140,000
Performance Shares [Member] | Officer [Member]
Payments Related to Tax Withholding for Share-based Compensation				$ 360,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				94,116
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested				$ 735,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period				58,532		188,232
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value				$ 7.18		$ 5.65
Performance Shares [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition											3 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period											2 years
Employee Stock Option [Member]
Allocated Share-based Compensation Expense		$ 31,000			$ 34,000					$ 108,000	$ 110,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options		113,000								$ 113,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition										270 days
Restricted Stock [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period										2 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	28,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested	$ 226,000
Restricted Stock [Member]
Payments Related to Tax Withholding for Share-based Compensation			$ 948,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition										141 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested			$ 1,900,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period									345,000
Share Base Compensation Arrangement by Share Based Payment Award Equity Instrument Other Than Options Grants in Period Total Grant Date Fair Value									$ 1,200,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number				240,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 510,000								$ 510,000
The 2014 Omnibus Equity Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		1,000,000								1,000,000
Allocated Share-based Compensation Expense		$ 212,000			225,000					$ 691,000	652,000
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount										0
Proceeds from Stock Options Exercised		0								0
Payments Related to Tax Withholding for Share-based Compensation		25,000			$ 5,000					37,000	$ 5,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value		334,000								334,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value		314,000								314,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value		$ 68,000								$ 101,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		28,000			28,000		28,000	42,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 8.20			$ 7.97		$ 6.67	$ 5.62

Note 4 - Stock Option Activity

Note 4 - Stock Option Activity (Details) - $ / shares	9 Months Ended
	Dec. 27, 2015	Dec. 28, 2014
Outstanding at Beginning of Period (in dollars per share)	$ 6.83	$ 5.76
Outstanding at Beginning of Period (in shares)	330,000	185,000
Granted (in dollars per share)	$ 8.38	$ 7.90
Granted (in shares)	110,000	165,000
Exercised (in dollars per share)	$ 6.30	$ 5.78
Exercised (in shares)	(55,000)	(10,000)
Outstanding at End of Period (in dollars per share)	$ 7.35	$ 6.80
Outstanding at End of Period (in shares)	385,000	340,000
Exercisable at End of Period (in dollars per share)	$ 6.52	$ 5.60
Exercisable at End of Period (in shares)	192,500	125,000

Note 4 - Estimated Fair Value o

Note 4 - Estimated Fair Value of Stock Options Assumptions (Details) - $ / shares	9 Months Ended
	Dec. 27, 2015	Dec. 28, 2014
Options issued (in shares)	110,000	165,000
Grant date	Jun. 12, 2015	Jun. 18, 2014
Dividend yield	3.82%	4.05%
Expected volatility	20.00%	30.00%
Risk free interest rate	1.12%	0.95%
Contractual term (years)	10 years	10 years
Expected term (years)	3 years	3 years
Forfeiture rate	5.00%	5.00%
Exercise price (grant-date closing price) per option (in dollars per share)	$ 8.38	$ 7.90
Fair value per option (in dollars per share)	$ 0.77	$ 1.19

Note 4 - Stock Option Compensat

Note 4 - Stock Option Compensation (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 27, 2015	Dec. 28, 2014	Dec. 27, 2015	Dec. 28, 2014
Cost of Sales [Member] | Employee Stock Option [Member] | Fiscal Year 2014 [Member]
Allocated Share Based Compensation Expense		$ 6,000	$ 7,000	$ 19,000
Cost of Sales [Member] | Employee Stock Option [Member] | Fiscal Year 2013 [Member]
Allocated Share Based Compensation Expense				12,000
Cost of Sales [Member] | Employee Stock Option [Member] | Fiscal Year 2015 [Member]
Allocated Share Based Compensation Expense	$ 12,000	$ 12,000	$ 40,000	$ 26,000
Cost of Sales [Member] | Employee Stock Option [Member] | Fiscal Year 2016 [Member]
Allocated Share Based Compensation Expense	5,000		11,000
Cost of Sales [Member] | Employee Stock Option [Member]
Allocated Share Based Compensation Expense	$ 17,000	$ 18,000	58,000	$ 57,000
Other Marketing and Administrative Expenses [Member] | Employee Stock Option [Member] | Fiscal Year 2014 [Member]
Allocated Share Based Compensation Expense		6,000	$ 7,000	19,000
Other Marketing and Administrative Expenses [Member] | Employee Stock Option [Member] | Fiscal Year 2013 [Member]
Allocated Share Based Compensation Expense				12,000
Other Marketing and Administrative Expenses [Member] | Employee Stock Option [Member] | Fiscal Year 2015 [Member]
Allocated Share Based Compensation Expense	$ 10,000	$ 10,000	$ 34,000	$ 22,000
Other Marketing and Administrative Expenses [Member] | Employee Stock Option [Member] | Fiscal Year 2016 [Member]
Allocated Share Based Compensation Expense	4,000		9,000
Other Marketing and Administrative Expenses [Member] | Employee Stock Option [Member]
Allocated Share Based Compensation Expense	$ 14,000	$ 16,000	50,000	$ 53,000
Employee Stock Option [Member] | Fiscal Year 2014 [Member]
Allocated Share Based Compensation Expense		12,000	$ 14,000	38,000
Employee Stock Option [Member] | Fiscal Year 2013 [Member]
Allocated Share Based Compensation Expense				24,000
Employee Stock Option [Member] | Fiscal Year 2015 [Member]
Allocated Share Based Compensation Expense	$ 22,000	$ 22,000	$ 74,000	$ 48,000
Employee Stock Option [Member] | Fiscal Year 2016 [Member]
Allocated Share Based Compensation Expense	9,000		20,000
Employee Stock Option [Member]
Allocated Share Based Compensation Expense	31,000	$ 34,000	108,000	$ 110,000
Allocated Share Based Compensation Expense	$ 212,000	$ 225,000	$ 691,000	$ 652,000

Note 4 - Non-vested Stock to Di

Note 4 - Non-vested Stock to Directors (Details) - $ / shares	3 Months Ended
	Dec. 27, 2015	Dec. 28, 2014	Dec. 29, 2013	Dec. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	28,000	28,000	28,000	42,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 8.20	$ 7.97	$ 6.67	$ 5.62

Note 4 - Compensaiton Expense A

Note 4 - Compensaiton Expense Associated with Non-vested Stock Grants (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 27, 2015	Dec. 28, 2014	Dec. 27, 2015	Dec. 28, 2014
Employee [Member] | Other Marketing and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2011 [Member]
Allocated share-based compensation		$ 51,000	$ 48,000	$ 133,000
Employee [Member] | Other Marketing and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2014 [Member]
Allocated share-based compensation
Employee [Member] | Other Marketing and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2013 [Member]
Allocated share-based compensation
Employee [Member] | Other Marketing and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2015 [Member]
Allocated share-based compensation	$ 89,000	$ 89,000	$ 267,000	$ 267,000
Employee [Member] | Other Marketing and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2016 [Member]
Allocated share-based compensation	35,000		105,000
Employee [Member] | Other Marketing and Administrative Expenses [Member] | Non-vested Stock Grants [Member]
Allocated share-based compensation	$ 124,000	$ 140,000	$ 420,000	$ 400,000
Non Employee Directors [Member] | Other Marketing and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2011 [Member]
Allocated share-based compensation
Non Employee Directors [Member] | Other Marketing and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2014 [Member]
Allocated share-based compensation		$ 23,000	$ 31,000	$ 69,000
Non Employee Directors [Member] | Other Marketing and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2013 [Member]
Allocated share-based compensation				27,000
Non Employee Directors [Member] | Other Marketing and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2015 [Member]
Allocated share-based compensation	$ 28,000	$ 28,000	$ 84,000	$ 46,000
Non Employee Directors [Member] | Other Marketing and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2016 [Member]
Allocated share-based compensation	29,000		48,000
Non Employee Directors [Member] | Other Marketing and Administrative Expenses [Member] | Non-vested Stock Grants [Member]
Allocated share-based compensation	$ 57,000	$ 51,000	163,000	$ 142,000
Other Marketing and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2011 [Member]
Allocated share-based compensation		51,000	48,000	133,000
Other Marketing and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2014 [Member]
Allocated share-based compensation		23,000	$ 31,000	69,000
Other Marketing and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2013 [Member]
Allocated share-based compensation				27,000
Other Marketing and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2015 [Member]
Allocated share-based compensation	$ 117,000	$ 117,000	$ 351,000	$ 313,000
Other Marketing and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2016 [Member]
Allocated share-based compensation	64,000		153,000
Other Marketing and Administrative Expenses [Member] | Non-vested Stock Grants [Member]
Allocated share-based compensation	181,000	$ 191,000	583,000	$ 542,000
Allocated share-based compensation	$ 212,000	$ 225,000	$ 691,000	$ 652,000

Note 5 - Financing Arrangemen28

Note 5 - Financing Arrangements (Details Textual) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 27, 2015	Dec. 28, 2014	Dec. 27, 2015	Dec. 28, 2014	Mar. 29, 2015
Revolving Credit Facility [Member] | Prime Rate [Member]
Debt Instrument Basis Spread Below Variable Rate			0.50%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate			2.00%
Revolving Credit Facility [Member]
Letters of Credit Outstanding, Amount	$ 0		$ 0
Long-term Line of Credit	0		0
Line of Credit Facility, Maximum Borrowing Capacity	26,000,000		26,000,000
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity	1,500,000		1,500,000
Factoring Fees [Member]
Selling, General and Administrative Expense	124,000	$ 187,000	396,000	$ 453,000
Advances On Factoring Agreements			0		$ 0
Line of Credit Facility, Commitment Fee Amount	8,000	$ 8,000	$ 25,000	$ 25,000
Daily Cash Balance, Interest Rate, Stated Percentage			1.25%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage			0.125%
Line of Credit Facility, Remaining Borrowing Capacity	$ 25,400,000		$ 25,400,000

Note 6 - Subsequent Events (Det

Note 6 - Subsequent Events (Details Textual) - $ / shares	Feb. 04, 2016	Dec. 27, 2015	Dec. 28, 2014	Dec. 27, 2015	Dec. 28, 2014
Subsequent Event [Member] | Special Cash Dividend [Member]
Common Stock, Dividends, Per Share, Declared	$ 0.25
Common Stock, Dividends, Per Share, Declared		$ 0.08	$ 0.08	$ 0.24	$ 0.24