Crown Crafts (CRWS) 10-Q 15 Feb 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jan. 01, 2017	Jan. 27, 2017
Document Information [Line Items]
Entity Registrant Name	CROWN CRAFTS INC
Entity Central Index Key	25,895
Trading Symbol	crws
Current Fiscal Year End Date	--04-02
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)		10,032,961
Document Type	10-Q
Document Period End Date	Jan. 1, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jan. 01, 2017	Apr. 03, 2016
Current assets:
Cash and cash equivalents	$ 14,394	$ 7,574
Accounts receivable (net of allowances of $1,024 at January 1, 2017 and $745 at April 3, 2016):
Due from factor	13,970	20,125
Other	483	671
Inventories	16,375	14,785
Prepaid expenses	3,208	1,689
Deferred income taxes		888
Total current assets	48,430	45,732
Property, plant and equipment - at cost:
Vehicles	247	247
Leasehold improvements	242	239
Machinery and equipment	3,053	2,879
Furniture and fixtures	803	808
Property, plant and equipment - gross	4,345	4,173
Less accumulated depreciation	3,872	3,740
Property, plant and equipment - net	473	433
Finite-lived intangible assets - at cost:
Customer relationships	5,534	5,534
Other finite-lived intangible assets	3,686	3,686
Finite-lived intangible assets gross	9,220	9,220
Less accumulated amortization	5,904	5,338
Finite-lived intangible assets - net	3,316	3,882
Goodwill	1,126	1,126
Deferred income taxes	1,268	1,049
Other	210	193
Total Assets	54,823	52,415
Current liabilities:
Accounts payable	7,633	4,640
Accrued wages and benefits	910	1,988
Accrued royalties	1,645	1,172
Dividends payable	4,816	3,303
Income taxes payable	893	806
Other accrued liabilities	216	276
Total current liabilities	16,113	12,185
Non-current liabilities:
Reserve for unrecognized tax benefits	656	211
Shareholders' equity:
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at January 1, 2017 and April 3, 2016; Issued 12,423,539 shares at January 1, 2017 and 12,251,834 shares at April 3, 2016	124	123
Additional paid-in capital	52,072	50,723
Treasury stock - at cost - 2,390,578 shares at January 1, 2017 and 2,302,191 shares at April 3, 2016	(12,089)	(11,228)
(Accumulated Deficit) Retained Earnings	(2,053)	401
Total shareholders' equity	38,054	40,019
Total Liabilities and Shareholders' Equity	$ 54,823	$ 52,415

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jan. 01, 2017	Apr. 03, 2016
Allowance for doubtful accounts receivable	$ 1,024	$ 745
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)	12,423,539	12,251,834
Treasury stock, shares (in shares)	2,390,578	2,302,191

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 01, 2017	Dec. 27, 2015	Jan. 01, 2017	Dec. 27, 2015
Net sales	$ 17,262	$ 20,691	$ 48,670	$ 59,265
Cost of products sold	11,623	14,439	34,435	42,526
Gross profit	5,639	6,252	14,235	16,739
Marketing and administrative expenses	2,576	3,182	8,176	9,551
Income from operations	3,063	3,070	6,059	7,188
Other income (expense):
Interest expense	(13)	(8)	(55)	(47)
Interest income	40	14	103	44
Gain on sale of property, plant and equipment				15
Foreign exchange (loss) gain	(3)	(53)	26	(62)
Other - net	1	(1)	3	2
Income before income tax expense	3,088	3,022	6,136	7,140
Income tax expense	1,227	879	2,173	2,505
Net income	$ 1,861	$ 2,143	$ 3,963	$ 4,635
Weighted average shares outstanding:
Basic (in shares)	10,031	9,996	10,007	10,024
Effect of dilutive securities (in shares)	27	42	33	39
Diluted (in shares)	10,058	10,038	10,040	10,063
Earnings per share:
Basic (in dollars per share)	$ 0.19	$ 0.21	$ 0.40	$ 0.46
Diluted (in dollars per share)	0.19	0.21	0.39	0.46
Dividends declared, per share (in dollars per share)	$ 0.48	$ 0.08	$ 0.64	$ 0.24

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Current Period Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balances (in shares) at Mar. 29, 2015	12,030,302	(1,964,886)
Balances at Mar. 29, 2015	$ 120	$ (8,390)	$ 48,561	$ (719)	$ 39,572
Issuance of shares (in shares)	221,532
Issuance of shares	$ 3		983		986
Stock-based compensation			906		906
Net tax effect of stock-based compensation			273		273
Acquisition of treasury stock (in shares)		(337,305)
Acquisition of treasury stock		$ (2,838)			(2,838)
Net income				6,829	6,829
Dividends declared on common stock - $0.57 per share				(5,709)	(5,709)
Balances (in shares) at Apr. 03, 2016	12,251,834	(2,302,191)
Balances at Apr. 03, 2016	$ 123	$ (11,228)	50,723	401	40,019
Issuance of shares (in shares)	171,705
Issuance of shares	$ 1		893		894
Stock-based compensation			456		456
Acquisition of treasury stock (in shares)		(88,387)
Acquisition of treasury stock		$ (861)			(861)
Net income				3,963	3,963
Dividends declared on common stock - $0.57 per share				(6,417)	(6,417)
Balances (in shares) at Jan. 01, 2017	12,423,539	(2,390,578)
Balances at Jan. 01, 2017	$ 124	$ (12,089)	$ 52,072	$ (2,053)	$ 38,054

Consolidated Statements of Cha6

Consolidated Statements of Changes in Shareholders' Equity (Current Period Unaudited) (Parentheticals) - $ / shares	9 Months Ended	12 Months Ended
	Jan. 01, 2017	Apr. 03, 2016
Retained Earnings [Member]
Dividends declared, per share (in dollars per share)	$ 0.64	$ 0.57
Dividends declared, per share (in dollars per share)	$ 0.64

Unaudited Condensed Consolidat7

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jan. 01, 2017	Dec. 27, 2015
Operating activities:
Net income	$ 3,963	$ 4,635
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant and equipment	138	235
Amortization of intangibles	566	559
Deferred income taxes	669	404
Gain on sale of property, plant and equipment		(15)
Reserve for unrecognized tax benefits	168	140
Stock-based compensation	456	691
Tax shortfall from stock-based compensation		(5)
Changes in assets and liabilities:
Accounts receivable	6,265	4,184
Inventories	(1,590)	(2,045)
Prepaid expenses	(1,519)	(521)
Income taxes receivable	78	(553)
Other assets	(17)	(52)
Accounts payable	2,967	2,488
Accrued liabilities	(192)	(618)
Net cash provided by operating activities	11,952	9,527
Investing activities:
Capital expenditures for property, plant and equipment	(152)	(216)
Proceeds from sale of property, plant and equipment		31
Capital expenditures for purchased intangible assets		(123)
Net cash used in investing activities	(152)	(308)
Financing activities:
Purchase of treasury stock	(861)	(1,692)
Issuance of common stock	786	347
Excess tax benefit from stock-based compensation		278
Dividends paid	(4,905)	(2,410)
Net cash used in financing activities	(4,980)	(3,477)
Net increase in cash and cash equivalents	6,820	5,742
Cash and cash equivalents at beginning of period	7,574	1,807
Cash and cash equivalents at end of period	14,394	7,549
Supplemental cash flow information:
Income taxes paid	1,367	2,603
Interest paid	2	5
Noncash financing activities:
Dividends declared but unpaid	(4,816)	(800)
Compensation paid as common stock	$ 108	$ 140

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	9 Months Ended
	Jan. 01, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Note 1 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 January 1, 2017 three nine January 1, 2017 may April 2, 2017. 10 April 3, 2016. Reclassifications: Fiscal Year: March 31. 2017” “2017” 52 April 2, 2017 2016” “2016” 53 April 3, 2016. Use of Estimates: Cash and Cash Equivalents: three 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 : 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 January 1, 2017 $14.5 $1.0 $14.0 $14.4 $28.4 Segment and Related Information: one three nine January 1, 2017 December 27, 2015 Three-Month Periods Ended Nine-Month Periods Ended January 1, 2017 December 27, 2015 January 1, 2017 December 27, 2015 Bedding, blankets and accessories $ 11,445 $ 15,821 $ 31,847 $ 42,456 Bibs, bath and disposable products 5,817 4,870 16,823 16,809 Total net sales $ 17,262 $ 20,691 $ 48,670 $ 59,265 Royalty Payments: $1.9 $2.3 three January 1, 2017 December 27, 2015, $5.2 $6.3 nine January 1, 2017 December 27, 2015, Depreciation and Amortization: three eight five twenty Valuation of Long-Lived Assets and Identifiable Intangible Assets: may Patent Costs: Inventory Valuation: first first 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 may may Advertising Cost s : $168,000 $271,000 three January 1, 2017 December 27, 2015, $666,000 $840,000 nine January 1, 2017 December 27, 2015, 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, 50% 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; the tax years open to federal, state or Chinese examination or other adjustment as of January 1, 2017 April 1, 2012, March 31, 2013, March 30, 2014, March 29, 2015 April 3, 2016, April 3, 2011 In December 2016, April 3, 2011, April 1, 2012, March 31, 2013 March 30, 2014. one Earnings Per Share: Recently-Issued Accounting Standards: 2014, 2014 09, Revenue from Contracts with Customers (Topic 606) December 15, 2016, August 12, 2015 2015 14, Revenue from Contracts with Customers (Topic 606): one 2014 09. 2014 09, 2015 14 first December 15, 2016. 2014 09 2015 14 April 3, 2017 In July 2015, 2015 11, Inventory (Topic 330): first December 15, 2016. 2015 11 April 3, 2017, In November 2015, 2015 17, Income Taxes (Topic 740): 2015 17 first December 15, 2016, may 2015 17 April 4, 2016 April 3, 2016 April 4, 2016 January 1, 2017 $454,000 On February 25, 2016, 2016 02, Leases (Topic 842) 2016 02, first December 15, 2018. On March 30, 2016, 2016 09, Compensation – Stock Compensation (Topic 718): 2016 09 effective for the first December 15, 2016, may 2016 09 April 4, 2016 The provisions of ASU No. 2016 09 include the following: * Under previous GAAP, upon the exercise of a stock option or the vesting of non-vested stock, the Company was required to recognize the tax effect of the difference between the deduction for tax purposes and the compensation cost recognized for financial reporting purposes in additional paid-in capital. The provisions of the ASU require the recognition of the excess tax benefit or deficiency as an income tax benefit or expense, respectively, in the Company’s statement of income. The Company’s election to early-adopt the ASU effective as of April 4, 2016 $6,000 $248,000 three nine January 1, 2017, 2016 09 * Under previous GAAP, excess tax benefits were classified as a financing activity in the Company’s statement of cash flows. The provisions of ASU No. 2016 09 2016 09 April 4, 2016 $250,000 nine January 1, 2017. * The provisions of ASU No. 2016 09 2016 09 April 4, 2016 nine January 1, 2017 On June 16, 2016, 2016 13, Financial Instruments – Credit Losses (Topic 326): 2016 13 first December 15, 2019. may first December 15, 2018. 2016 13 2016 13 On January 26, 2017, 2017 04, Intangibles – Goodwill and Other (Topic 350): two 3 2017 04 second first December 15, 2019. may first January 1, 2017. The Company has determined that all other ASUs which had become effective as of January 1, 2017,

Note 2 - Financing Arrangements

Note 2 - Financing Arrangements	9 Months Ended
	Jan. 01, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 2 – 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 $101,000 $124,000 three January 1, 2017 December 27, 2015, $307,000 $396,000 nine January 1, 2017 December 27, 2015, no January 1, 2017 April 3, 2016. Credit Facility: January 1, 2017 $26.0 $1.5 0.50% 2.00%. July 11, 2019 first January 1, 2017, 2.00%, 1.75% January 1, 2017, The financing agreement as in effect prior to December 28, 2015 0.125% $26.0 $8,000 $25,000 three nine December 27, 2015, December 28, 2015 January 1, 2017 April 3, 2016, no January 1, 2017 April 3, 2016, $21.3 $25.6 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 January 1, 2017.

Note 3 - Goodwill, Customer Rel

Note 3 - Goodwill, Customer Relationships and Other Intangible Assets	9 Months Ended
	Jan. 01, 2017
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 3 – Goodwill , Customer Relationships and Other Intangible Assets Goodwill: January 1, 2017 April 3, 2016 $ 24.0 $ 22.9 $1 . The Company tests the fair value of the goodwill, if any, within its reporting units annually as of the first (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 first one second second The annual impairment test of the fair value of the goodwill of the reporting units of the Company was performed as of April 4, 2016, Other Intangible Assets: January 1, 2017 April 3, 2016 consisted primarily of the fair value of identifiable assets acquired in business combinations other than tangible assets and goodwill. The gross amount and accumulated amortization of the Company’s other intangible assets as of January 1, 2017 April 3, 2016 , the amortization expense for the three nine January 1, 2017 December 27, 2015 Amortization Expense Gross Amount Accumulated Amortization Three-Month Periods Ended Nine-Month Periods Ended January 1, April 3, January 1, April 3, January 1, December 27, January 1, December 27, 2017 2016 2017 2016 2017 2015 2017 2015 Tradename and trademarks $ 1,987 $ 1,987 $ 1,033 $ 933 $ 33 $ 33 $ 100 $ 99 Non-compete covenants 98 98 65 60 2 1 5 4 Patents 1,601 1,601 539 458 27 27 81 81 Customer relationships 5,534 5,534 4,267 3,887 127 127 380 375 Total other intangible assets $ 9,220 $ 9,220 $ 5,904 $ 5,338 $ 189 $ 188 $ 566 $ 559 Classification within the accompanying unaudited condensed consolidated statements of income: Cost of products sold $ 2 $ 1 $ 5 $ 4 Marketing and administrative expenses 187 187 561 555 Total amortization expense $ 189 $ 188 $ 566 $ 559

Note 4 - Inventories

Note 4 - Inventories	9 Months Ended
	Jan. 01, 2017
Notes to Financial Statements
Inventory Disclosure [Text Block]	Note 4 – Inventories Major classes of inventory were as follows (in thousands): January 1, 2017 April 3, 2016 Raw Materials $ 35 $ 35 Finished Goods 16,340 14,750 Total inventory $ 16,375 $ 14,785

Note 5 - Stock-based Compensati

Note 5 - Stock-based Compensation	9 Months Ended
	Jan. 01, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	N ote 5 – Stock-based Compensation The Company has two 2006 “2006 2014 “2014 2014 2014 may 2006 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 may may may two. 2014 2014 2014 814,000 2014 January 1, 2017. Stock-based compensation expense is calculated according to FASB ASC Topic 718, Compensation – Stock Compensation $149,000 $212,000 three January 1, 2017 December 27, 2015, $456,000 $691,000 nine January 1, 2017 December 27, 2015, The Company classifies the compensation expense associated with stock-based awards granted to individuals in the same classifications as the cash compensation paid to those same individuals. No January 1, 2017. Stock Options: the nine January 1, 2017 December 27, 2015 : Nine-Month Period Ended Nine-Month Period Ended January 1, 2017 December 27, 2015 Weighted- Weighted- Average Number of Average Number of Exercise Options Exercise Options Price Outstanding Price Outstanding Outstanding at Beginning of Period $ 7.64 305,000 $ 6.83 330,000 Granted 9.60 120,000 8.38 110,000 Exercised 7.67 (102,500 ) 6.30 (55,000 ) Outstanding at End of Period 8.35 322,500 7.35 385,000 Exercisable at End of Period 7.33 147,500 6.52 192,500 As of January 1, 2017, $ 94,000 three nine January 1, 2017 $45,000 $214,000, not three nine January 1, 2017 December 27, 2015. may $14,000 $75,000 three nine January 1, 2017, $25,000 $37,000 three nine December 27, 2015, 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 January 1, 2017 December 27, 2015, two Nine-Month Periods Ended January 1, 2017 December 27, 2015 Options issued 120,000 110,000 Grant date June 8, 2016 June 12, 2015 Dividend yield 3.33 % 3.82 % Expected volatility 20.00 % 20.00 % Risk free interest rate 0.93 % 1.12 % 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 $ 9.60 $ 8.38 Fair value per option $ 0.94 $ 0.77 For the three January 1, 2017 December 27, 2015, Three-Month Period Ended January 1, 2017 Three-Month Period Ended December 27, 2015 Cost of Marketing & Cost of Marketing & Products Administrative Total Products Administrative Total Options Granted in Fiscal Year Sold Expenses Expense Sold Expenses Expense 2015 $ - $ - $ - $ 12 $ 10 $ 22 2016 5 5 10 5 4 9 2017 8 5 13 - - - Total stock option compensation $ 13 $ 10 $ 23 $ 17 $ 14 $ 31 For the nine January 1, 2017 December 27, 2015, Nine-Month Period Ended January 1, 2017 Nine-Month Period Ended December 27, 2015 Cost of Marketing & Cost of Marketing & Products Administrative Total Products Administrative Total Options Granted in Fiscal Year Sold Expenses Expense Sold Expenses Expense 2014 $ - $ - $ - $ 7 $ 7 $ 14 2015 14 12 26 40 34 74 2016 17 15 32 11 9 20 2017 18 12 30 - - - Total stock option compensation $ 49 $ 39 $ 88 $ 58 $ 50 $ 108 As of January 1, 2017, $103,000, 9.3 Non-vested Stock Granted to Non-Employee Directors: Number of Shares Fair Value per Share Three-Month Period Ended 28,000 $10.08 October 2, 2016 28,000 $8.20 September 27, 2015 28,000 $7.97 September 28, 2014 28,000 $6.67 September 29, 2013 These shares vest over a two August 2016, 28,000 $281,000. Non-vested Stock Granted to Employees: three June 27, 2010, 345,000 ten 30 July 29, 2015. third $1.2 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 September 27, 2015, 240,000 $1.9 $948,000 Performance Bonus Plan: These individuals may provides that shares of common stock that may two three two In connection with the performance bonus plan, the Company, in respect of fiscal year 2016, 41,205 $7.865 three July 3, 2016. $108,000 2016, $ 108,000 2017 2018. In connection with the performance bonus plan, the Company, in respect of fiscal year 2015, 58,532 $7.18 three June 28, 2015. $ 140,000 2015 2016, $140,000 2017. In connection with the performance bonus plan, the Company, in respect of fiscal year 2014, 188,232 $5.65 three June 29, 2014. $ 354,000 2014, 2015 2016. three June 28, 2015, 94,116 $735,000. $360,000 For the three January 1, 2017 December 27, 2015, Three-Month Period Ended January 1, 2017 Three-Month Period Ended December 27, 2015 Non-employee Total Non-employee Total Stock Granted in Fiscal Year Employees Directors Expense Employees Directors Expense 2015 $ - $ - $ - $ 89 $ 28 $ 117 2016 35 29 64 35 29 64 2017 27 35 62 - - - Total stock grant compensation $ 62 $ 64 $ 126 $ 124 $ 57 $ 181 For the nine January 1, 2017 December 27, 2015, Nine-Month Period Ended January 1, 2017 Nine-Month Period Ended December 27, 2015 Non-employee Total Non-employee Total Stock Granted in Fiscal Year Employees Directors Expense Employees Directors Expense 2011 $ - $ - $ - $ 48 $ - $ 48 2014 - - - - 31 31 2015 - 37 37 267 84 351 2016 105 86 191 105 48 153 2017 81 59 140 - - - Total stock grant compensation $ 186 $ 182 $ 368 $ 420 $ 163 $ 583 As of January 1, 2017, $460,000, 8.2

Note 6 - Subsequent Events

Note 6 - Subsequent Events	9 Months Ended
	Jan. 01, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	N ote 6 – Subsequent Event s The Company has evaluated events that have occurred between January 1, 2017

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Jan. 01, 2017
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 January 1, 2017 three nine January 1, 2017 may April 2, 2017. 10 April 3, 2016.
Reclassification, Policy [Policy Text Block]	Reclassifications:
Fiscal Period, Policy [Policy Text Block]	Fiscal Year: March 31. 2017” “2017” 52 April 2, 2017 2016” “2016” 53 April 3, 2016.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates:
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents: three 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 :
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 January 1, 2017 $14.5 $1.0 $14.0 $14.4 $28.4
Segment Reporting, Policy [Policy Text Block]	Segment and Related Information: one three nine January 1, 2017 December 27, 2015 Three-Month Periods Ended Nine-Month Periods Ended January 1, 2017 December 27, 2015 January 1, 2017 December 27, 2015 Bedding, blankets and accessories $ 11,445 $ 15,821 $ 31,847 $ 42,456 Bibs, bath and disposable products 5,817 4,870 16,823 16,809 Total net sales $ 17,262 $ 20,691 $ 48,670 $ 59,265
Revenue Recognition, Services, Royalty Fees [Policy Text Block]	Royalty Payments: $1.9 $2.3 three January 1, 2017 December 27, 2015, $5.2 $6.3 nine January 1, 2017 December 27, 2015,
Depreciation, Depletion, and Amortization [Policy Text Block]	Depreciation and Amortization: three eight five twenty
Goodwill and Intangible Assets, Policy [Policy Text Block]	Valuation of Long-Lived Assets and Identifiable Intangible Assets: may
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	Patent Costs:
Inventory, Policy [Policy Text Block]	Inventory Valuation: first first 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 may may
Advertising Costs, Policy [Policy Text Block]	Advertising Cost s : $168,000 $271,000 three January 1, 2017 December 27, 2015, $666,000 $840,000 nine January 1, 2017 December 27, 2015,
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, 50% 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; the tax years open to federal, state or Chinese examination or other adjustment as of January 1, 2017 April 1, 2012, March 31, 2013, March 30, 2014, March 29, 2015 April 3, 2016, April 3, 2011 In December 2016, April 3, 2011, April 1, 2012, March 31, 2013 March 30, 2014. one
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Share:
New Accounting Pronouncements, Policy [Policy Text Block]	Recently-Issued Accounting Standards: 2014, 2014 09, Revenue from Contracts with Customers (Topic 606) December 15, 2016, August 12, 2015 2015 14, Revenue from Contracts with Customers (Topic 606): one 2014 09. 2014 09, 2015 14 first December 15, 2016. 2014 09 2015 14 April 3, 2017 In July 2015, 2015 11, Inventory (Topic 330): first December 15, 2016. 2015 11 April 3, 2017, In November 2015, 2015 17, Income Taxes (Topic 740): 2015 17 first December 15, 2016, may 2015 17 April 4, 2016 April 3, 2016 April 4, 2016 January 1, 2017 $454,000 On February 25, 2016, 2016 02, Leases (Topic 842) 2016 02, first December 15, 2018. On March 30, 2016, 2016 09, Compensation – Stock Compensation (Topic 718): 2016 09 effective for the first December 15, 2016, may 2016 09 April 4, 2016 The provisions of ASU No. 2016 09 include the following: * Under previous GAAP, upon the exercise of a stock option or the vesting of non-vested stock, the Company was required to recognize the tax effect of the difference between the deduction for tax purposes and the compensation cost recognized for financial reporting purposes in additional paid-in capital. The provisions of the ASU require the recognition of the excess tax benefit or deficiency as an income tax benefit or expense, respectively, in the Company’s statement of income. The Company’s election to early-adopt the ASU effective as of April 4, 2016 $6,000 $248,000 three nine January 1, 2017, 2016 09 * Under previous GAAP, excess tax benefits were classified as a financing activity in the Company’s statement of cash flows. The provisions of ASU No. 2016 09 2016 09 April 4, 2016 $250,000 nine January 1, 2017. * The provisions of ASU No. 2016 09 2016 09 April 4, 2016 nine January 1, 2017 On June 16, 2016, 2016 13, Financial Instruments – Credit Losses (Topic 326): 2016 13 first December 15, 2019. may first December 15, 2018. 2016 13 2016 13 On January 26, 2017, 2017 04, Intangibles – Goodwill and Other (Topic 350): two 3 2017 04 second first December 15, 2019. may first January 1, 2017. The Company has determined that all other ASUs which had become effective as of January 1, 2017,

Note 1 - Summary of Significa15

Note 1 - Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Jan. 01, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three-Month Periods Ended Nine-Month Periods Ended January 1, 2017 December 27, 2015 January 1, 2017 December 27, 2015 Bedding, blankets and accessories $ 11,445 $ 15,821 $ 31,847 $ 42,456 Bibs, bath and disposable products 5,817 4,870 16,823 16,809 Total net sales $ 17,262 $ 20,691 $ 48,670 $ 59,265

Note 3 - Goodwill, Customer R16

Note 3 - Goodwill, Customer Relationships and Other Intangible Assets (Tables)	9 Months Ended
	Jan. 01, 2017
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 January 1, April 3, January 1, April 3, January 1, December 27, January 1, December 27, 2017 2016 2017 2016 2017 2015 2017 2015 Tradename and trademarks $ 1,987 $ 1,987 $ 1,033 $ 933 $ 33 $ 33 $ 100 $ 99 Non-compete covenants 98 98 65 60 2 1 5 4 Patents 1,601 1,601 539 458 27 27 81 81 Customer relationships 5,534 5,534 4,267 3,887 127 127 380 375 Total other intangible assets $ 9,220 $ 9,220 $ 5,904 $ 5,338 $ 189 $ 188 $ 566 $ 559 Classification within the accompanying unaudited condensed consolidated statements of income: Cost of products sold $ 2 $ 1 $ 5 $ 4 Marketing and administrative expenses 187 187 561 555 Total amortization expense $ 189 $ 188 $ 566 $ 559

Note 4 - Inventories (Tables)

Note 4 - Inventories (Tables)	9 Months Ended
	Jan. 01, 2017
Notes Tables
Schedule of Inventory, Current [Table Text Block]	January 1, 2017 April 3, 2016 Raw Materials $ 35 $ 35 Finished Goods 16,340 14,750 Total inventory $ 16,375 $ 14,785

Note 5 - Stock-based Compensa18

Note 5 - Stock-based Compensation (Tables)	9 Months Ended
	Jan. 01, 2017
Notes Tables
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Nine-Month Period Ended Nine-Month Period Ended January 1, 2017 December 27, 2015 Weighted- Weighted- Average Number of Average Number of Exercise Options Exercise Options Price Outstanding Price Outstanding Outstanding at Beginning of Period $ 7.64 305,000 $ 6.83 330,000 Granted 9.60 120,000 8.38 110,000 Exercised 7.67 (102,500 ) 6.30 (55,000 ) Outstanding at End of Period 8.35 322,500 7.35 385,000 Exercisable at End of Period 7.33 147,500 6.52 192,500
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Nine-Month Periods Ended January 1, 2017 December 27, 2015 Options issued 120,000 110,000 Grant date June 8, 2016 June 12, 2015 Dividend yield 3.33 % 3.82 % Expected volatility 20.00 % 20.00 % Risk free interest rate 0.93 % 1.12 % 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 $ 9.60 $ 8.38 Fair value per option $ 0.94 $ 0.77
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Three-Month Period Ended January 1, 2017 Three-Month Period Ended December 27, 2015 Cost of Marketing & Cost of Marketing & Products Administrative Total Products Administrative Total Options Granted in Fiscal Year Sold Expenses Expense Sold Expenses Expense 2015 $ - $ - $ - $ 12 $ 10 $ 22 2016 5 5 10 5 4 9 2017 8 5 13 - - - Total stock option compensation $ 13 $ 10 $ 23 $ 17 $ 14 $ 31 Nine-Month Period Ended January 1, 2017 Nine-Month Period Ended December 27, 2015 Cost of Marketing & Cost of Marketing & Products Administrative Total Products Administrative Total Options Granted in Fiscal Year Sold Expenses Expense Sold Expenses Expense 2014 $ - $ - $ - $ 7 $ 7 $ 14 2015 14 12 26 40 34 74 2016 17 15 32 11 9 20 2017 18 12 30 - - - Total stock option compensation $ 49 $ 39 $ 88 $ 58 $ 50 $ 108
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 $10.08 October 2, 2016 28,000 $8.20 September 27, 2015 28,000 $7.97 September 28, 2014 28,000 $6.67 September 29, 2013
Schedule of Nonvested Share Activity [Table Text Block]	Three-Month Period Ended January 1, 2017 Three-Month Period Ended December 27, 2015 Non-employee Total Non-employee Total Stock Granted in Fiscal Year Employees Directors Expense Employees Directors Expense 2015 $ - $ - $ - $ 89 $ 28 $ 117 2016 35 29 64 35 29 64 2017 27 35 62 - - - Total stock grant compensation $ 62 $ 64 $ 126 $ 124 $ 57 $ 181 Nine-Month Period Ended January 1, 2017 Nine-Month Period Ended December 27, 2015 Non-employee Total Non-employee Total Stock Granted in Fiscal Year Employees Directors Expense Employees Directors Expense 2011 $ - $ - $ - $ 48 $ - $ 48 2014 - - - - 31 31 2015 - 37 37 267 84 351 2016 105 86 191 105 48 153 2017 81 59 140 - - - Total stock grant compensation $ 186 $ 182 $ 368 $ 420 $ 163 $ 583

Note 1 - Summary of Significa19

Note 1 - Summary of Significant Accounting Policies (Details Textual)	3 Months Ended		9 Months Ended
	Jan. 01, 2017USD ($)	Dec. 27, 2015USD ($)	Jan. 01, 2017USD ($)	Dec. 27, 2015USD ($)	Apr. 03, 2016USD ($)
Accounts Receivable, Net, Current	$ 14,500,000		$ 14,500,000
Allowance for Doubtful Accounts Receivable, Current	1,000,000		1,000,000
Due From Factor	13,970,000		13,970,000		$ 20,125,000
Line of Credit Facility, Negative Balance Outstanding	14,400,000		$ 14,400,000
Number of Operating Segments			1
Advertising Expense	168,000	$ 271,000	$ 666,000	$ 840,000
Income Tax Expense (Benefit)	1,227,000	879,000	2,173,000	2,505,000
Net Cash Provided by (Used in) Operating Activities			11,952,000	9,527,000
Reclassification from Current Deferred Income Tax Assets to Noncurrent Deferred Income Tax Assets [Member]
Current Period Reclassification Adjustment			454,000
New Accounting Pronouncement, Early Adoption, Effect [Member] | Accounting Standards Update 2016-09 [Member]
Income Tax Expense (Benefit)	6,000		248,000
Net Cash Provided by (Used in) Operating Activities			$ 250,000
Minimum [Member]
Property, Plant and Equipment, Useful Life			3 years
Finite-Lived Intangible Asset, Useful Life			5 years
Maximum [Member]
Property, Plant and Equipment, Useful Life			8 years
Finite-Lived Intangible Asset, Useful Life			20 years
Cost of Sales [Member]
Direct Operating Cost, Royalty Expense	$ 1,900,000	$ 2,300,000	$ 5,200,000	$ 6,300,000
Collectibility of Receivables [Member]
Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure			$ 28,400,000

Note 1 - Summary of Significa20

Note 1 - Summary of Significant Accounting Policies - Segment and Related Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 01, 2017	Dec. 27, 2015	Jan. 01, 2017	Dec. 27, 2015
Net sales	$ 17,262	$ 20,691	$ 48,670	$ 59,265
Bedding, Blankets, And Accessories [Member]
Net sales	11,445	15,821	31,847	42,456
Bibs, Bath, And Disposable Products [Member]
Net sales	$ 5,817	$ 4,870	$ 16,823	$ 16,809

Note 2 - Financing Arrangemen21

Note 2 - Financing Arrangements (Details Textual) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 01, 2017	Dec. 27, 2015	Jan. 01, 2017	Dec. 27, 2015	Apr. 03, 2016
Selling, General and Administrative Expense	$ 2,576,000	$ 3,182,000	$ 8,176,000	$ 9,551,000
Advances On Factoring Agreements			$ 0		$ 0
Daily Cash Balance, Interest Rate, Stated Percentage			1.75%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage				0.125%
Line of Credit Facility, Commitment Fee Amount		8,000		$ 25,000
Line of Credit Facility, Remaining Borrowing Capacity	21,300,000		$ 21,300,000		25,600,000
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	26,000,000		26,000,000
Long-term Line of Credit	0		0		0
Letters of Credit Outstanding, Amount	0		$ 0		$ 0
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%
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	$ 101,000	$ 124,000	$ 307,000	$ 396,000

Note 3 - Goodwill, Customer R22

Note 3 - Goodwill, Customer Relationships and Other Intangible Assets (Details Textual) - USD ($) $ in Thousands	Jan. 01, 2017	Apr. 03, 2016
Goodwill, Gross	$ 24,000	$ 24,000
Goodwill, Impaired, Accumulated Impairment Loss	22,900	22,900
Goodwill	$ 1,126	$ 1,126

Note 3 - Goodwill, Customer R23

Note 3 - Goodwill, Customer Relationships and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 01, 2017	Dec. 27, 2015	Jan. 01, 2017	Dec. 27, 2015	Apr. 03, 2016
Finite-lived intangible assets, gross amount	$ 9,220		$ 9,220		$ 9,220
Finite-lived intangible assets, accumulated amortization	5,904		5,904		5,338
Amortization expense	189	$ 188	566	$ 559
Cost of Sales [Member]
Amortization expense	2	1	5	4
Selling, General and Administrative Expenses [Member]
Amortization expense	187	187	561	555
Trademarks and Trade Names [Member]
Finite-lived intangible assets, gross amount	1,987		1,987		1,987
Finite-lived intangible assets, accumulated amortization	1,033		1,033		933
Amortization expense	33	33	100	99
Noncompete Agreements [Member]
Finite-lived intangible assets, gross amount	98		98		98
Finite-lived intangible assets, accumulated amortization	65		65		60
Amortization expense	2	1	5	4
Patents [Member]
Finite-lived intangible assets, gross amount	1,601		1,601		1,601
Finite-lived intangible assets, accumulated amortization	539		539		458
Amortization expense	27	27	81	81
Customer Relationships [Member]
Finite-lived intangible assets, gross amount	5,534		5,534		5,534
Finite-lived intangible assets, accumulated amortization	4,267		4,267		$ 3,887
Amortization expense	$ 127	$ 127	$ 380	$ 375

Note 4 - Inventories - Componen

Note 4 - Inventories - Components of Inventories (Details) - USD ($) $ in Thousands	Jan. 01, 2017	Apr. 03, 2016
Raw Materials	$ 35	$ 35
Finished Goods	16,340	14,750
Total inventory	$ 16,375	$ 14,785

Note 5 - Stock-based Compensa25

Note 5 - Stock-based Compensation (Details Textual) - USD ($)	1 Months Ended	3 Months Ended							9 Months Ended		12 Months Ended
	Aug. 31, 2016	Jan. 01, 2017	Jul. 03, 2016	Dec. 27, 2015	Sep. 27, 2015	Jun. 28, 2015	Jun. 29, 2014	Jun. 27, 2010	Jan. 01, 2017	Dec. 27, 2015	Apr. 01, 2018	Apr. 02, 2017	Apr. 03, 2016	Mar. 29, 2015	Mar. 29, 2014
Allocated Share-based Compensation Expense		$ 149,000		$ 212,000					$ 456,000	$ 691,000
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount									0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value		94,000							94,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value		94,000							94,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value		45,000							214,000
Proceeds from Stock Options Exercised		0		0					0	0
Payments Related to Tax Withholding for Share-based Compensation		14,000		25,000					$ 75,000	37,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition									246 days
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		460,000							$ 460,000
Employee Stock Option [Member]
Allocated Share-based Compensation Expense		23,000		$ 31,000					$ 88,000	$ 108,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period									2 years
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options		$ 103,000							$ 103,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition									279 days
Restricted Stock [Member] | Non Employee Directors [Member]
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, Vested in Period, Fair Value	$ 281,000
Restricted Stock [Member] | Employee [Member]
Payments Related to Tax Withholding for Share-based Compensation					$ 948,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period					240,000
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, Aggregate Intrinsic Value, Vested					$ 1,900,000
Performance Shares [Member]
Payments Related to Tax Withholding for Share-based Compensation						$ 360,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period									2 years
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, Equity Instruments Other than Options, Vested in Period						94,116
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			41,205			58,532	188,232
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, Weighted Average Grant Date Fair Value			$ 7.865			$ 7.18	$ 5.65
Performance Shares [Member] | Awards Granted During 3 Month Period Ended July 03, 2016 [Member]
Allocated Share-based Compensation Expense													$ 108,000
Performance Shares [Member] | Awards Granted During 3 Month Period Ended July 03, 2016 [Member] | Scenario, Forecast [Member]
Allocated Share-based Compensation Expense											$ 108,000	$ 108,000
Performance Shares [Member] | Awards Granted During 3 Month Period Ended June 28, 2015 [Member]
Allocated Share-based Compensation Expense													140,000	$ 140,000
Performance Shares [Member] | Awards Granted During 3 Month Period Ended June 28, 2015 [Member] | Scenario, Forecast [Member]
Allocated Share-based Compensation Expense												$ 140,000
Performance Shares [Member] | Awards Granted During 3 Month Period Ended June 29, 2014 [Member]
Allocated Share-based Compensation Expense													$ 354,000	$ 354,000	$ 354,000
The 2014 Omnibus Equity Compensation Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance		814,000							814,000

Note 5 - Stock-based Compensa26

Note 5 - Stock-based Compensation - Stock Option Activity (Details) - $ / shares	9 Months Ended
	Jan. 01, 2017	Dec. 27, 2015
Outstanding at Beginning of Period (in dollars per share)	$ 7.64	$ 6.83
Outstanding at Beginning of Period (in shares)	305,000	330,000
Granted (in dollars per share)	$ 9.60	$ 8.38
Options issued (in shares)	120,000	110,000
Exercised (in dollars per share)	$ 7.67	$ 6.30
Exercised (in shares)	(102,500)	(55,000)
Outstanding at End of Period (in dollars per share)	$ 8.35	$ 7.35
Outstanding at End of Period (in shares)	322,500	385,000
Exercisable at End of Period (in dollars per share)	$ 7.33	$ 6.52
Exercisable at End of Period (in shares)	147,500	192,500

Note 5 - Stock-based Compensa27

Note 5 - Stock-based Compensation - Estimated Fair Value of Stock Options Assumptions (Details) - $ / shares	9 Months Ended
	Jan. 01, 2017	Dec. 27, 2015
Options issued (in shares)	120,000	110,000
Grant date	Jun. 8, 2016	Jun. 12, 2015
Dividend yield	3.33%	3.82%
Expected volatility	20.00%	20.00%
Risk free interest rate	0.93%	1.12%
Contractual term (years) (Year)	10 years	10 years
Expected term (years) (Year)	3 years	3 years
Forfeiture rate	5.00%	5.00%
Exercise price (grant-date closing price) per option (in dollars per share)	$ 9.60	$ 8.38
Fair value per option (in dollars per share)	$ 0.94	$ 0.77

Note 5 - Stock-based Compensa28

Note 5 - Stock-based Compensation - Stock Option Compensation (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 01, 2017	Dec. 27, 2015	Jan. 01, 2017	Dec. 27, 2015
Allocated Share Based Compensation Expense	$ 149,000	$ 212,000	$ 456,000	$ 691,000
Employee Stock Option [Member]
Allocated Share Based Compensation Expense	23,000	31,000	88,000	108,000
Employee Stock Option [Member] | Cost of Sales [Member]
Allocated Share Based Compensation Expense	13,000	17,000	49,000	58,000
Employee Stock Option [Member] | Selling, General and Administrative Expenses [Member]
Allocated Share Based Compensation Expense	10,000	14,000	39,000	50,000
Fiscal Year 2015 [Member] | Employee Stock Option [Member]
Allocated Share Based Compensation Expense		22,000	26,000	74,000
Fiscal Year 2015 [Member] | Employee Stock Option [Member] | Cost of Sales [Member]
Allocated Share Based Compensation Expense		12,000	14,000	40,000
Fiscal Year 2015 [Member] | Employee Stock Option [Member] | Selling, General and Administrative Expenses [Member]
Allocated Share Based Compensation Expense		10,000	12,000	34,000
Fiscal Year 2014 [Member] | Employee Stock Option [Member]
Allocated Share Based Compensation Expense				14,000
Fiscal Year 2014 [Member] | Employee Stock Option [Member] | Cost of Sales [Member]
Allocated Share Based Compensation Expense				7,000
Fiscal Year 2014 [Member] | Employee Stock Option [Member] | Selling, General and Administrative Expenses [Member]
Allocated Share Based Compensation Expense				7,000
Fiscal Year 2016 [Member] | Employee Stock Option [Member]
Allocated Share Based Compensation Expense	10,000	9,000	32,000	20,000
Fiscal Year 2016 [Member] | Employee Stock Option [Member] | Cost of Sales [Member]
Allocated Share Based Compensation Expense	5,000	5,000	17,000	11,000
Fiscal Year 2016 [Member] | Employee Stock Option [Member] | Selling, General and Administrative Expenses [Member]
Allocated Share Based Compensation Expense	5,000	4,000	15,000	9,000
Fiscal Year 2017 [Member] | Employee Stock Option [Member]
Allocated Share Based Compensation Expense	13,000		30,000
Fiscal Year 2017 [Member] | Employee Stock Option [Member] | Cost of Sales [Member]
Allocated Share Based Compensation Expense	8,000		18,000
Fiscal Year 2017 [Member] | Employee Stock Option [Member] | Selling, General and Administrative Expenses [Member]
Allocated Share Based Compensation Expense	$ 5,000		$ 12,000

Note 5 - Stock-based Compensa29

Note 5 - Stock-based Compensation - Non-vested Stock to Directors (Details) - Non Employee Directors [Member]	9 Months Ended
	Jan. 01, 2017$ / sharesshares
October 2, 2016 [Member]
Number of Shares (in shares) | shares	28,000
Fair Value Per Share (in dollars per share) | $ / shares	$ 10.08
September 27, 2015 [Member]
Number of Shares (in shares) | shares	28,000
Fair Value Per Share (in dollars per share) | $ / shares	$ 8.20
September 28, 2014 [Member]
Number of Shares (in shares) | shares	28,000
Fair Value Per Share (in dollars per share) | $ / shares	$ 7.97
September 29, 2013 [Member]
Number of Shares (in shares) | shares	28,000
Fair Value Per Share (in dollars per share) | $ / shares	$ 6.67

Note 5 - Stock-based Compensa30

Note 5 - Stock-based Compensation - Compensaiton Expense Associated with Non-vested Stock Grants (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 01, 2017	Dec. 27, 2015	Jan. 01, 2017	Dec. 27, 2015
Allocated Share-based Compensation Expense	$ 149,000	$ 212,000	$ 456,000	$ 691,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member]
Allocated Share-based Compensation Expense	126,000	181,000	368,000	583,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Employee [Member]
Allocated Share-based Compensation Expense	62,000	124,000	186,000	420,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Non Employee Directors [Member]
Allocated Share-based Compensation Expense	64,000	57,000	182,000	163,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2011 [Member]
Allocated Share-based Compensation Expense				48,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2011 [Member] | Employee [Member]
Allocated Share-based Compensation Expense				48,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2011 [Member] | Non Employee Directors [Member]
Allocated Share-based Compensation Expense
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2015 [Member]
Allocated Share-based Compensation Expense		117,000	37,000	351,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2015 [Member] | Employee [Member]
Allocated Share-based Compensation Expense		89,000		267,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2015 [Member] | Non Employee Directors [Member]
Allocated Share-based Compensation Expense		28,000	37,000	84,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2016 [Member]
Allocated Share-based Compensation Expense	64,000	64,000	191,000	153,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2016 [Member] | Employee [Member]
Allocated Share-based Compensation Expense	35,000	35,000	105,000	105,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2016 [Member] | Non Employee Directors [Member]
Allocated Share-based Compensation Expense	29,000	$ 29,000	86,000	48,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2014 [Member]
Allocated Share-based Compensation Expense				31,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2014 [Member] | Employee [Member]
Allocated Share-based Compensation Expense
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2014 [Member] | Non Employee Directors [Member]
Allocated Share-based Compensation Expense				31,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2017 [Member]
Allocated Share-based Compensation Expense	62,000		140,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2017 [Member] | Employee [Member]
Allocated Share-based Compensation Expense	27,000		81,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2017 [Member] | Non Employee Directors [Member]
Allocated Share-based Compensation Expense	$ 35,000		$ 59,000