Significant Accounting Policies [Text Block] | Note 1 Basis of Presentation : not 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 30, 2018 three nine December 30, 2018 not may March 31, 2019. 10 April 1, 2018. Fiscal Year: March 31. 2019” “2019” 52 March 31, 2019 2018” “2018” 52 April 1, 2018. Use of Estimates : Cash and Cash Equivalents: three The Company’s credit facility consists of a revolving line of credit under a certain Financing Agreement with The CIT Group/Commercial Services, Inc. (“CIT”), a subsidiary of CIT Group, Inc. (the “CIT Financing Agreement”). The Company classifies a negative balance outstanding under the 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 Financial Instruments : Advertising Cost s : $295,000 $534,000 three December 30, 2018 December 31, 2017, $968,000 $1.1 nine December 30, 2018 December 31, 2017, Revenue Recognition: A provision for anticipated returns, which are based upon historical returns and claims, is provided through a reduction of net sales and cost of products sold in the reporting period within which the related sales are recorded. Actual returns and claims experienced in a future period may may The Company recognizes revenue associated with unredeemed store credits and gift certificates at the earlier of their redemption by customers, their expiration or when their likelihood of redemption becomes remote, which is generally two Revenue from sales made directly to consumers is recorded when the shipped products have been received by customers, and excludes sales taxes collected on behalf of governmental entities. Revenue from sales made to retailers is recorded when legal title has been passed to the customer based upon the terms of the customer’s purchase order, the Company’s sales invoice, or other associated relevant documents. Such terms usually stipulate that legal title will pass when the shipped products are no 60 “ Segment and Related Information ” 1 Allowances Against Accounts Receivable no Uncollectible Accounts: April 2, 2018, April 2, 2018, nine December 31, 2017, $25,000. Credit Concentration: December 30, 2018 $15.0 $614,000. $14.1 Other Accrued Liabilities: $381,000 December 30, 2018. $202,000 December 30, 2018 $22,000 $9,000. Segment and Related Information: one three nine December 30, 2018 December 31, 2017 Three-Month Periods Ended Nine-Month Periods Ended December 30, 2018 December 31, 2017 December 30, 2018 December 31, 2017 Bedding, blankets and accessories $ 9,817 $ 11,558 $ 29,873 $ 30,414 Bibs, bath, developmental toy, feeding, baby care and disposable products 8,851 5,918 24,791 17,170 Total net sales $ 18,668 $ 17,476 $ 54,664 $ 47,584 Inventory Valuation: first first The indirect charges and their allocation to the Company’s finished goods inventory are determined as a percentage of projected annual supplier purchases and can impact the Company’s results of operations as purchase volumes fluctuate 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. 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 no may not may Royalty Payments: $1.3 $1.8 three December 30, 2018 December 31, 2017, $3.7 $5.0 nine December 30, 2018 December 31, 2017, Depreciation and Amortization: three eight five twenty Valuation of Long-Lived Assets and Identifiable Intangible Assets: may not Patent Costs: Purchase Price Allocations and the Resulting Goodwill: The amount of goodwill recorded in a business combination can vary significantly depending upon the values attributed to the assets acquired and liabilities assumed. Although goodwill has no not first not one If, after assessing the totality of events or circumstances described above, the Company determines that it is more likely than not may not Provision for Income Taxes: nine December 30, 2018 December 31, 2017 24.2% 33.0%, 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 or state audit or other adjustment as of December 30, 2018 April 1, 2018, April 2, 2017, April 3, 2016, March 29, 2015, March 30, 2014, March 31, 2013, April 1, 2012 April 3, 2011. On December 22, 2017, 21% January 1, 2018. 2018 April 1, 2018, 30.75% 2018. The Company provides for deferred income taxes based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates that will be in effect when the differences are expected to reverse. The Company’s policy is to recognize the effect that a change in enacted tax rates would have on net deferred income tax assets and liabilities in the period in which the tax rates are changed. The Company recognized the effect of the TCJA on the Company’s net deferred income tax assets, which had previously been recorded based upon the pre-TCJA enacted composite federal, state and foreign income tax rate of approximately 37.5% 23.5%, $409,000 three nine December 31, 2017. 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 740 10 25, 50% In evaluating the process regarding the calculation of the state portion of its income tax provision, the Company has taken a tax position that reflects opportunities for more favorable state apportionment percentages, which were then applied to several prior fiscal years and to succeeding fiscal years. After considering all relevant information, the Company believes that the technical merits of this tax position would more likely than not $7,000 $31,000 three December 30, 2018 December 31, 2017, $66,000 $60,000 nine December 30, 2018 December 31, 2017, Because the tax impact of the revised state apportionment percentages are measured net of federal income taxes, the provision in the TCJA that lowered the federal corporate income tax rate to 21% $132,000 three nine December 31, 2017. The Company’s policy is to accrue interest expense and penalties as appropriate on estimated unrecognized tax benefits as a charge to interest expense in the Company’s consolidated statements of income. Interest expense and penalties are not $22,000 $16,000 three December 30, 2018 December 31, 2017, $68,000 $52,000 nine December 30, 2018 December 31, 2017, $25,000 three nine December 31, 2017. During the nine December 30, 2018 December 31, 2017, $12,000 $23,000, The ETR on continuing operations and the discrete income tax charges and benefits set forth above resulted in an overall provision for income taxes of 25.8% 49.7% nine December 30, 2018 December 31, 2017, E arnings Per Share: Recently-Issued Accounting Standards : 2014, No. 2014 09, Revenue from Contracts with Customers (Topic 606 No. 2014 09 December 15, 2016, August 12, 2015 No. 2015 14, Revenue from Contrac ts with Customers (Topic 606 Deferral of the Effective Date one No. 2014 09. No. 2014 09 April 2, 2018 ASU No. 2014 09 No. 2014 09 “Revenue Recognition,” “Allowances Against Accounts Receivable” “Uncollectible Accounts” 1 No. 2014 09 not On February 25, 2016, No. 2016 02, Leases (Topic 842 No. 2016 02, No. 2016 02 first December 15, 2018. When issued, ASU No. 2016 02 July 30, 2018 No. 2018 11, Leases (Topic 842 No. 2016 02. Although early adoption of ASU No. 2016 02 No. 2018 11 No. 2016 02 April 1, 2019. not No. 2016 02 On June 16, 2016, No. 2016 13, Financial Instruments – Credit Losses (Topic 326 not No. 2016 13 first December 15, 2019. may first December 15, 2018. Although the Company has not No. 2016 13 not No. 2016 13 The Company has determined that all other ASUs which had become effective as of December 30, 2018, not |