Crown Crafts (CRWS) 10-Q 12 Feb 20 2020 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Dec. 29, 2019	Jan. 30, 2020
Document Information [Line Items]
Entity Registrant Name	CROWN CRAFTS INC
Entity Central Index Key	0000025895
Trading Symbol	crws
Current Fiscal Year End Date	--03-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		10,166,807
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Dec. 29, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Title of 12(b) Security	Common Stock
Entity Interactive Data Current	Yes

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Dec. 29, 2019	Mar. 31, 2019
Current assets:
Cash and cash equivalents	$ 41,000	$ 143,000
Accounts receivable (net of allowances of $665 at December 29, 2019 and $407 at March 31, 2019):
Due from factor	14,638,000	17,250,000
Other	907,000	522,000
Inventories	23,640,000	19,534,000
Prepaid expenses	2,338,000	1,230,000
Total current assets	41,564,000	38,679,000
Operating lease right of use assets	5,416,000
Property, plant and equipment - at cost:
Vehicles	246,000	323,000
Leasehold improvements	315,000	282,000
Machinery and equipment	4,427,000	4,269,000
Furniture and fixtures	797,000	799,000
Property, plant and equipment - gross	5,785,000	5,673,000
Less accumulated depreciation	3,970,000	3,751,000
Property, plant and equipment - net	1,815,000	1,922,000
Finite-lived intangible assets - at cost:
Tradename and trademarks	3,667,000	3,667,000
Customer relationships	7,374,000	7,374,000
Other finite-lived intangible assets	3,159,000	3,159,000
Finite-lived intangible assets gross	14,200,000	14,200,000
Less accumulated amortization	8,409,000	7,768,000
Finite-lived intangible assets - net	5,791,000	6,432,000
Goodwill	7,125,000	7,125,000
Deferred income taxes	344,000	524,000
Other	95,000	97,000
Total Assets	62,150,000	54,779,000
Current liabilities:
Accounts payable	7,864,000	4,201,000
Accrued wages and benefits	1,632,000	1,819,000
Accrued royalties	896,000	398,000
Dividends payable	3,355,000	810,000
Other accrued liabilities	272,000	483,000
Total current liabilities	14,019,000	7,711,000
Non-current liabilities:
Long-term debt		4,486,000
Operating lease liabilities, noncurrent	5,551,000
Reserve for unrecognized tax liabilities	1,017,000	1,194,000
Total non-current liabilities	6,568,000	5,680,000
Shareholders' equity:
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at December 29, 2019 and March 31, 2019; Issued 12,603,301 shares at December 29, 2019 and 12,546,789 shares at March 31, 2019	126,000	125,000
Additional paid-in capital	53,532,000	53,251,000
Treasury stock - at cost - 2,436,494 shares at December 29, 2019 and 2,424,231 shares at March 31, 2019	(12,408,000)	(12,326,000)
Retained Earnings	313,000	338,000
Total shareholders' equity	41,563,000	41,388,000
Total Liabilities and Shareholders' Equity	$ 62,150,000	$ 54,779,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Dec. 29, 2019	Mar. 31, 2019
Allowance for doubtful accounts receivable	$ 665	$ 407
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)	12,603,301	12,546,789
Treasury stock, shares (in shares)	2,436,494	2,424,231

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 29, 2019	Dec. 30, 2018	Dec. 29, 2019	Dec. 30, 2018
Net sales	$ 18,587	$ 18,668	$ 53,089	$ 54,664
Cost of products sold	12,766	13,071	36,848	38,569
Gross profit	5,821	5,597	16,241	16,095
Marketing and administrative expenses	3,416	3,446	10,344	10,958
Income from operations	2,405	2,151	5,897	5,137
Other income (expense):
Interest expense - net of interest income	(34)	(62)	(28)	(249)
Gain on sale of property, plant and equipment	6		15
Other - net		2	11	3
Income before income tax expense	2,377	2,091	5,895	4,891
Income tax expense	282	537	942	1,264
Net income	$ 2,095	$ 1,554	$ 4,953	$ 3,627
Weighted average shares outstanding:
Basic (in shares)	10,166	10,098	10,143	10,084
Effect of dilutive securities (in shares)	11	1	1	2
Diluted (in shares)	10,177	10,099	10,144	10,086
Earnings per share:
Basic (in dollars per share)	$ 0.21	$ 0.15	$ 0.49	$ 0.36
Diluted (in dollars per share)	$ 0.21	$ 0.15	$ 0.49	$ 0.36

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balances (in shares) at Apr. 01, 2018	12,493,789	(2,408,025)
Balances at Apr. 01, 2018	$ 125	$ (12,231)	$ 52,874	$ (1,450)	$ 39,318
Stock-based compensation			281		281
Net income				3,627	3,627
Dividends declared on common stock				(2,421)	(2,421)
Issuance of shares (in shares)	28,000
Issuance of shares
Acquisition of treasury stock (in shares)		(16,206)
Acquisition of treasury stock		$ (95)			(95)
Balances (in shares) at Dec. 30, 2018	12,521,789	(2,424,231)
Balances at Dec. 30, 2018	$ 125	$ (12,326)	53,155	(244)	40,710
Balances (in shares) at Sep. 30, 2018	12,521,789	(2,424,231)
Balances at Sep. 30, 2018	$ 125	$ (12,326)	53,071	(991)	39,879
Stock-based compensation			84		84
Net income				1,554	1,554
Dividends declared on common stock				(807)	(807)
Balances (in shares) at Dec. 30, 2018	12,521,789	(2,424,231)
Balances at Dec. 30, 2018	$ 125	$ (12,326)	53,155	(244)	40,710
Balances (in shares) at Mar. 31, 2019	12,546,789	(2,424,231)
Balances at Mar. 31, 2019	$ 125	$ (12,326)	53,251	338	41,388
Stock-based compensation			219		219
Net income				4,953	4,953
Dividends declared on common stock				(4,978)	(4,978)
Issuance of shares (in shares)	56,512
Issuance of shares	$ 1		62		63
Acquisition of treasury stock (in shares)		(12,263)
Acquisition of treasury stock		$ (82)			(82)
Balances (in shares) at Dec. 29, 2019	12,603,301	(2,436,494)
Balances at Dec. 29, 2019	$ 126	$ (12,408)	53,532	313	41,563
Balances (in shares) at Sep. 29, 2019	12,593,301	(2,427,434)
Balances at Sep. 29, 2019	$ 126	$ (12,343)	53,391	1,573	42,747
Stock-based compensation			79		79
Net income				2,095	2,095
Dividends declared on common stock				(3,355)	(3,355)
Issuance of shares (in shares)	10,000
Issuance of shares			62		62
Acquisition of treasury stock (in shares)		(9,060)
Acquisition of treasury stock		$ (65)			(65)
Balances (in shares) at Dec. 29, 2019	12,603,301	(2,436,494)
Balances at Dec. 29, 2019	$ 126	$ (12,408)	$ 53,532	$ 313	$ 41,563

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Changes in Shareholders' Equity (Parentheticals) - $ / shares	3 Months Ended		9 Months Ended
	Dec. 29, 2019	Dec. 30, 2018	Dec. 29, 2019	Dec. 30, 2018
Retained Earnings [Member]
Dividends declared, per share (in dollars per share)	$ 0.33	$ 0.08	$ 0.49	$ 0.24

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Dec. 29, 2019	Dec. 30, 2018
Operating activities:
Net income	$ 4,953	$ 3,627
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant and equipment	536	460
Amortization of intangibles	641	628
Amortization of right of use assets	1,110
Deferred income taxes	180	173
Gain on sale of property, plant and equipment	(15)
Reserve for unrecognized tax liabilities	(177)	133
Stock-based compensation	219	281
Changes in assets and liabilities:
Accounts receivable	2,227	3,489
Inventories	(4,106)	(2,377)
Prepaid expenses	(1,108)	(313)
Other assets	2	23
Lease liabilities	(1,076)
Accounts payable	3,601	3,869
Accrued liabilities	200	522
Net cash provided by operating activities	7,187	10,515
Investing activities:
Capital expenditures for property, plant and equipment	(379)	(560)
Proceeds from sale of property, plant and equipment	27
Net cash used in investing activities	(352)	(560)
Financing activities:
Repayments under revolving line of credit	(35,302)	(47,080)
Borrowings under revolving line of credit	30,816	39,487
Purchase of treasury stock	(82)	(95)
Issuance of common stock	63
Dividends paid	(2,432)	(2,419)
Net cash used in financing activities	(6,937)	(10,107)
Net decrease in cash and cash equivalents	(102)	(152)
Cash and cash equivalents at beginning of period	143	215
Cash and cash equivalents at end of period	41	63
Supplemental cash flow information:
Income taxes paid	1,060	900
Interest paid	47	174
Noncash financing activities:
Property, plant and equipment purchased but unpaid	(62)	(48)
Dividends declared but unpaid	$ (3,355)	$ (808)

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
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 29, 2019 three nine December 29, 2019 not may March 29, 2020. 10 March 31, 2019. Fiscal Year: March 31. 2020” “2020” 52 March 29, 2020 2019” “2019” 52 March 31, 2019. Reclassifications: None 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 Financial Instruments : Advertising Cost s : $261,000 $295,000 three December 29, 2019 December 30, 2018, $805,000 $968,000 nine December 29, 2019 December 30, 2018, 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: not Credit Concentration: December 29, 2019 $15.5 $665,000. $14.6 $25,000 $14.7 Other Accrued Liabilities : $272,000 December 29, 2019. $119,000 December 29, 2019 $14,000 $12,000. Segment and Related Information: one three nine December 29, 2019 December 30, 2018 Three-Month Periods Ended Nine-Month Periods Ended December 29, 2019 December 30, 2018 December 29, 2019 December 30, 2018 Bedding, blankets and accessories $ 9,605 $ 9,817 $ 27,682 $ 29,873 Bibs, bath, developmental toy, feeding, baby care and disposable products 8,982 8,851 25,407 24,791 Total net sales $ 18,587 $ 18,668 $ 53,089 $ 54,664 Inventory Valuation: first first The determination of the indirect charges and their allocation to the Company's finished goods inventories is complex and requires significant management judgment and estimates. If management made different judgments or utilized different estimates, then such differences would result in a change in the valuation of the Company's inventories and the amount and timing of the Company's cost of products sold and the resulting net income for the reporting period. On a periodic basis, management reviews its 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 three December 29, 2019 December 30, 2018, $3.5 $3.7 nine December 29, 2019 December 30, 2018, Depreciation and Amortization: three eight five twenty Valuation of Long-Lived Assets and Identifiable Intangible Assets : may not Patent Costs: Provision for Income Taxes: nine December 29, 2019 December 30, 2018 23.3% 24.2%, The Company files income tax returns in the many jurisdictions in which it operates, including the U.S., several U.S. states and the People’s Republic of China. The statute of limitations varies by jurisdiction; tax years open to examination or other adjustment as of December 29, 2019 March 31, 2019, April 1, 2018, April 2, 2017, April 3, 2016, March 29, 2015 March 30, 2014. 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% After considering all relevant information regarding the calculation of the state portion of its income tax provision, the Company believes that the technical merits of the tax position that the Company has taken with respect to state apportionment percentages would more likely than not $29,000 $7,000 three December 29, 2019 December 30, 2018, $71,000 $66,000 nine December 29, 2019 December 30, 2018, The Company’s policy is to accrue interest expense and penalties as appropriate on estimated unrecognized tax liabilities as a charge to interest expense in the Company’s consolidated statements of income. The Company accrued interest and penalties associated with its reserve for unrecognized tax liabilities during the three December 29, 2019 December 30, 2018 $18,000 $22,000, nine December 29, 2019 December 30, 2018 $62,000 $68,000, No In December 2016, March 30, 2014, March 31, 2013, April 1, 2012 April 3, 2011. On July 31, 2019, no March 31, 2013, April 1, 2012 April 3, 2011. $232,000 nine December 29, 2019 $78,000 nine December 29, 2019. As of January 30, 2020, March 30, 2014 not one not During each of the three nine December 29, 2019, $276,000 During the three nine December 29, 2019, $1,000 $5,000, $12,000 nine December 30, 2018 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 16.0% 25.8% nine December 29, 2019 December 30, 2018, E arnings Per Share: Recently-Issued Accounting Standards : June 2016, No. 2016 13, Financial Instruments – Credit Losses (Topic 326 not No. 2016 13 ASU No. 2016 13 December 15, 2018. No. 2016 13 no December 15, 2019, November 15, 2019, No. 2019 10, Financial Instruments – Credit Losses (Topic 326 , Derivatives and Hedging (Topi c 815 842 ) : Effective Dates No. 2016 13 first December 15, 2022. No. 2016 13 April 3, 2023. not No. 2016 13, not The Company has determined that all other ASUs which had become effective as of December 29, 2019, not

Note 2 - Financing Arrangements

Note 2 - Financing Arrangements	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 2 – Financing Arrangements Factoring Agreement s: may may $75,000 $64,000 three December 29, 2019 December 30, 2018, $188,000 $192,000 nine December 29, 2019 December 30, 2018, Credit Facility: December 29, 2019 $26.0 $1.5 0.50% 1.75%. July 11, 2022 first December 29, 2019, 3.44% December 29, 2019. 2.0%, 2.75% December 29, 2019, As of December 29, 2019, no no $23.7 March 31, 2019, $4.5 no $19.4 The financing agreement 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 believes it was in compliance with these covenants as of December 29, 2019.

Note 3 - Goodwill

Note 3 - Goodwill	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Goodwill Disclosure [Text Block]	Note 3 – Goodwill Goodwill represents the excess of the purchase price over the fair value of net identifiable assets acquired in business combinations. For the purpose of presenting and measuring for the impairment of goodwill, the Company has two one December 29, 2019 March 31, 2019 $30.0 $22.9 $7.1 The Company measures for impairment the goodwill within its reporting units annually as of the first not 50% first not not On April 1, 2019, not

Note 4 - Other Intangible Asset

Note 4 - Other Intangible Assets	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	Note 4 – Other Intangible Assets Other intangible assets as of December 29, 2019 March 31, 2019 December 29, 2019 March 31, 2019, three nine December 29, 2019 December 30, 2018 Amortization Expense Gross Amount Accumulated Amortization Three-Month Periods Ended Nine-Month Periods Ended December 29, March 31, December 29, March 31, December 29, December 30, December 29, December 30, 2019 2019 2019 2019 2019 2018 2019 2018 Tradename and trademarks $ 3,667 $ 3,667 $ 1,685 $ 1,501 $ 62 $ 62 $ 184 $ 171 Developed technology 1,100 1,100 266 183 28 28 83 83 Non-compete covenants 458 458 258 200 19 19 58 58 Patents 1,601 1,601 862 781 27 27 81 81 Customer relationships 7,374 7,374 5,338 5,103 78 78 235 235 Total other intangible assets $ 14,200 $ 14,200 $ 8,409 $ 7,768 $ 214 $ 214 $ 641 $ 628 Classification within the accompanying unaudited condensed consolidated statements of income: Cost of products sold $ 2 $ 2 $ 5 $ 5 Marketing and administrative expenses 212 212 636 623 Total amortization expense $ 214 $ 214 $ 641 $ 628

Note 5 - Inventories

Note 5 - Inventories	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Inventory Disclosure [Text Block]	Note 5 – Inventories Major classes of inventory were as follows (in thousands): December 29, 2019 March 31, 2019 Raw Materials $ 642 $ 617 Work in Process 33 56 Finished Goods 22,965 18,861 Total inventory $ 23,640 $ 19,534

Note 6 - Leases

Note 6 - Leases	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	N ote 6 – Leases On April 1, 2019, 842, L ease s 842” 842. 12 In its initial application of Topic 842, $1.9 April 1, 2019 $99,000 not 842. The Company is a party to various operating leases for offices, warehousing facilities and certain office equipment. The leases expire at various dates, have varying options to renew and cancel, and may not Subsequent to the Company’s recognition of operating lease liabilities of $1.9 April 1, 2019, $362,000 $1.1 three nine December 29, 2019, During the three nine December 29, 2019, Periods Ended December 29, 2019 Three-Month Period Nine-Month Period Cost of products sold $ 382 $ 957 Marketing and administrative expenses 53 153 Total operating lease costs $ 435 $ 1,110 The Company’s operating leases have a weighted-average remaining lease term of 3.2 3.84%. The following table represents the maturities of the Company’s operating lease liabilities as of December 29, 2019 ( Fiscal Year 2020 $ 362 2021 1,869 2022 1,726 2023 1,685 2024 280 Total undiscounted operating lease payments 5,922 Imputed interest (371 ) Total operating lease liabilities $ 5,551 The following table represents the Company’s commitment for minimum guaranteed rental payments under its lease agreements as of March 31, 2019 ( Fiscal Year 2020 $ 1,406 2021 497 2022 42 Total $ 1,945

Note 7 - Stock-based Compensati

Note 7 - Stock-based Compensation	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	N ote 7 – S tock-based Compensation The Company has two 2006 “2006 2014 “2014 2014 2014 may no 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 2014 2014 not ten December 29, 2019, 440,000 2014 may Stock-based compensation is calculated according to FASB ASC Topic 718, Compensation – Stock Compensation $79,000 $84,000 three December 29, 2019 December 30, 2018, $219,000 $281,000 nine December 29, 2019 December 30, 2018, No December 29, 2019. Stock Options: nine December 29, 2019 December 30, 2018: Nine-Month Periods Ended December 29, 2019 December 30, 2018 Weighted- Weighted- Average Number of Average Number of Exercise Options Exercise Options Price Outstanding Price Outstanding Outstanding at Beginning of Period $ 7.45 457,500 $ 7.93 395,000 Granted 4.76 125,000 5.90 110,000 Exercised 6.20 (10,000 ) - - Forfeited 7.07 (55,000 ) 7.83 (47,500 ) Outstanding at End of Period 6.86 517,500 7.45 457,500 Exercisable at End of Period 7.74 347,500 8.03 292,500 As of December 29, 2019, $205,000 $28,000, not three nine December 29, 2019. may $3,000 three nine December 29, 2019. no three nine December 30, 2018. 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 that were awarded to certain employees during the nine December 29, 2019 December 30, 2018, two Nine-Month Periods Ended December 29, 2019 December 30, 2018 Number of options issued 125,000 110,000 Grant date June 13, 2019 June 13, 2018 Dividend yield 6.72 % 5.42 % Expected volatility 25.00 % 25.00 % Risk free interest rate 1.81 % 2.78 % Contractual term (years) 10.00 10.00 Expected term (years) 4.00 4.00 Forfeiture rate 5.00 % 5.00 % Exercise price (grant-date closing price) per option $ 4.76 $ 5.90 Fair value per option $ 0.39 $ 0.49 During the three December 29, 2019 December 30, 2018, Three-Month Period Ended December 29, 2019 Three-Month Period Ended December 30, 2018 Cost of Marketing & Cost of Marketing & Products Administrative Total Products Administrative Total Options Granted in Fiscal Year Sold Expenses Expense Sold Expenses Expense 2018 $ - $ - $ - $ 4 $ 6 $ 10 2019 2 4 6 2 4 6 2020 2 3 5 - - - Total stock option compensation $ 4 $ 7 $ 11 $ 6 $ 10 $ 16 During the nine December 29, 2019 December 30, 2018, Nine-Month Period Ended December 29, 2019 Nine-Month Period Ended December 30, 2018 Cost of Marketing & Cost of Marketing & Products Administrative Total Products Administrative Total Options Granted in Fiscal Year Sold Expenses Expense Sold Expenses Expense 2017 $ - $ - $ - $ 6 $ 5 $ 11 2018 5 1 6 14 19 33 2019 7 6 13 5 8 13 2020 5 7 12 - - - Total stock option compensation $ 17 $ 14 $ 31 $ 25 $ 32 $ 57 As of December 29, 2019, $48,000, 9.9 Non-vested Stock Granted to Non - e mployee Directors: Number of Shares Fair Value per Share Grant Date 46,512 $ 5.16 August 14, 2019 28,000 5.43 August 8, 2018 28,000 5.50 August 9, 2017 28,000 10.08 August 10, 2016 These shares vest over a two August 2019 2018, 28,000 $135,000 $151,000, Non-vested Stock Granted to Employees: January 18, 2019, 25,000 January 18, 2021, $5.86 Performance Bonus Plan: may may two three two No 2019 2020 2019 $116,000 2018 2017. The table below sets forth the vesting of shares granted under the performance bonus plan, as well as the number of shares surrendered to the Company to satisfy the income tax withholding obligations that arose from the vesting of the shares and the taxes remitted to the appropriate taxing authorities on behalf of such individuals. Vesting of shares during the nine -month periods ended Fiscal Dec ember 29, 201 9 Dec ember 30 , 2018 Year Shares Shares Aggregate Taxes Shares Aggregate Taxes Granted Granted Vested Value Remitted Vested Value Remitted 2017 41,205 - $ - $ - 20,601 $ 122,000 $ 39,000 2018 42,250 21,125 109,000 17,000 21,125 124,000 56,000 Total 21,125 $ 109,000 $ 17,000 41,726 $ 246,000 $ 95,000 For the three December 29, 2019 December 30, 2018, Three-Month Period Ended December 29, 2019 Three-Month Period Ended December 30, 2018 Non-employee Total Non-employee Total Stock Granted in Fiscal Year Employees Directors Expense Employees Directors Expense 2018 $ - $ - $ - $ 29 $ 19 $ 48 2019 19 19 38 - 20 20 2020 - 30 30 - - - Total stock grant compensation $ 19 $ 49 $ 68 $ 29 $ 39 $ 68 For the nine December 29, 2019 December 30, 2018, Nine-Month Period Ended December 29, 2019 Nine-Month Period Ended December 30, 2018 Non-employee Total Non-employee Total Stock Granted in Fiscal Year Employees Directors Expense Employees Directors Expense 2017 $ - $ - $ - $ - $ 47 $ 47 2018 - 26 26 87 58 145 2019 55 57 112 - 32 32 2020 - 50 50 - - - Total stock grant compensation $ 55 $ 133 $ 188 $ 87 $ 137 $ 224 As of December 29, 2019, $313,000, 12.3

Note 8 - Subsequent Events

Note 8 - Subsequent Events	9 Months Ended
	Dec. 29, 2019
Notes to Financial Statements
Subsequent Events [Text Block]	N ote 8 – Subsequent Event s On January 7, 2020, March 29, 2015 $212,000 three March 29, 2020. March 29, 2015, $84,000 three March 29, 2020. The Company has evaluated all other events which have occurred between December 29, 2019 no

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 29, 2019
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	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 29, 2019 three nine December 29, 2019 not may March 29, 2020. 10 March 31, 2019.
Fiscal Period, Policy [Policy Text Block]	Fiscal Year: March 31. 2020” “2020” 52 March 29, 2020 2019” “2019” 52 March 31, 2019.
Reclassification, Policy [Policy Text Block]	Reclassifications: None
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
Fair Value of Financial Instruments, Policy [Policy Text Block]	Financial Instruments :
Advertising Cost [Policy Text Block]	Advertising Cost s : $261,000 $295,000 three December 29, 2019 December 30, 2018, $805,000 $968,000 nine December 29, 2019 December 30, 2018,
Revenue from Contract with Customer [Policy Text Block]	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.
Receivable [Policy Text Block]	Allowances Against Accounts Receivable: no Uncollectible Accounts: not
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Credit Concentration: December 29, 2019 $15.5 $665,000. $14.6 $25,000 $14.7
Other Accrued Liabilities [Policy Text Block]	Other Accrued Liabilities : $272,000 December 29, 2019. $119,000 December 29, 2019 $14,000 $12,000.
Segment Reporting, Policy [Policy Text Block]	Segment and Related Information: one three nine December 29, 2019 December 30, 2018 Three-Month Periods Ended Nine-Month Periods Ended December 29, 2019 December 30, 2018 December 29, 2019 December 30, 2018 Bedding, blankets and accessories $ 9,605 $ 9,817 $ 27,682 $ 29,873 Bibs, bath, developmental toy, feeding, baby care and disposable products 8,982 8,851 25,407 24,791 Total net sales $ 18,587 $ 18,668 $ 53,089 $ 54,664
Inventory, Policy [Policy Text Block]	Inventory Valuation: first first The determination of the indirect charges and their allocation to the Company's finished goods inventories is complex and requires significant management judgment and estimates. If management made different judgments or utilized different estimates, then such differences would result in a change in the valuation of the Company's inventories and the amount and timing of the Company's cost of products sold and the resulting net income for the reporting period. On a periodic basis, management reviews its 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 [Policy Text Block]	Royalty Payments: $1.3 three December 29, 2019 December 30, 2018, $3.5 $3.7 nine December 29, 2019 December 30, 2018,
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 not
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	Patent Costs:
Income Tax, Policy [Policy Text Block]	Provision for Income Taxes: nine December 29, 2019 December 30, 2018 23.3% 24.2%, The Company files income tax returns in the many jurisdictions in which it operates, including the U.S., several U.S. states and the People’s Republic of China. The statute of limitations varies by jurisdiction; tax years open to examination or other adjustment as of December 29, 2019 March 31, 2019, April 1, 2018, April 2, 2017, April 3, 2016, March 29, 2015 March 30, 2014. 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% After considering all relevant information regarding the calculation of the state portion of its income tax provision, the Company believes that the technical merits of the tax position that the Company has taken with respect to state apportionment percentages would more likely than not $29,000 $7,000 three December 29, 2019 December 30, 2018, $71,000 $66,000 nine December 29, 2019 December 30, 2018, The Company’s policy is to accrue interest expense and penalties as appropriate on estimated unrecognized tax liabilities as a charge to interest expense in the Company’s consolidated statements of income. The Company accrued interest and penalties associated with its reserve for unrecognized tax liabilities during the three December 29, 2019 December 30, 2018 $18,000 $22,000, nine December 29, 2019 December 30, 2018 $62,000 $68,000, No In December 2016, March 30, 2014, March 31, 2013, April 1, 2012 April 3, 2011. On July 31, 2019, no March 31, 2013, April 1, 2012 April 3, 2011. $232,000 nine December 29, 2019 $78,000 nine December 29, 2019. As of January 30, 2020, March 30, 2014 not one not During each of the three nine December 29, 2019, $276,000 During the three nine December 29, 2019, $1,000 $5,000, $12,000 nine December 30, 2018 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 16.0% 25.8% nine December 29, 2019 December 30, 2018,
Earnings Per Share, Policy [Policy Text Block]	E arnings Per Share:
New Accounting Pronouncements, Policy [Policy Text Block]	Recently-Issued Accounting Standards : June 2016, No. 2016 13, Financial Instruments – Credit Losses (Topic 326 not No. 2016 13 ASU No. 2016 13 December 15, 2018. No. 2016 13 no December 15, 2019, November 15, 2019, No. 2019 10, Financial Instruments – Credit Losses (Topic 326 , Derivatives and Hedging (Topi c 815 842 ) : Effective Dates No. 2016 13 first December 15, 2022. No. 2016 13 April 3, 2023. not No. 2016 13, not The Company has determined that all other ASUs which had become effective as of December 29, 2019, not

Note 1 - Summary of Significa_2

Note 1 - Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Dec. 29, 2019
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three-Month Periods Ended Nine-Month Periods Ended December 29, 2019 December 30, 2018 December 29, 2019 December 30, 2018 Bedding, blankets and accessories $ 9,605 $ 9,817 $ 27,682 $ 29,873 Bibs, bath, developmental toy, feeding, baby care and disposable products 8,982 8,851 25,407 24,791 Total net sales $ 18,587 $ 18,668 $ 53,089 $ 54,664

Note 4 - Other Intangible Ass_2

Note 4 - Other Intangible Assets (Tables)	9 Months Ended
	Dec. 29, 2019
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 29, March 31, December 29, March 31, December 29, December 30, December 29, December 30, 2019 2019 2019 2019 2019 2018 2019 2018 Tradename and trademarks $ 3,667 $ 3,667 $ 1,685 $ 1,501 $ 62 $ 62 $ 184 $ 171 Developed technology 1,100 1,100 266 183 28 28 83 83 Non-compete covenants 458 458 258 200 19 19 58 58 Patents 1,601 1,601 862 781 27 27 81 81 Customer relationships 7,374 7,374 5,338 5,103 78 78 235 235 Total other intangible assets $ 14,200 $ 14,200 $ 8,409 $ 7,768 $ 214 $ 214 $ 641 $ 628 Classification within the accompanying unaudited condensed consolidated statements of income: Cost of products sold $ 2 $ 2 $ 5 $ 5 Marketing and administrative expenses 212 212 636 623 Total amortization expense $ 214 $ 214 $ 641 $ 628

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	9 Months Ended
	Dec. 29, 2019
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 29, 2019 March 31, 2019 Raw Materials $ 642 $ 617 Work in Process 33 56 Finished Goods 22,965 18,861 Total inventory $ 23,640 $ 19,534

Note 6 - Leases (Tables)

Note 6 - Leases (Tables)	9 Months Ended
	Dec. 29, 2019
Notes Tables
Lease, Cost [Table Text Block]	Periods Ended December 29, 2019 Three-Month Period Nine-Month Period Cost of products sold $ 382 $ 957 Marketing and administrative expenses 53 153 Total operating lease costs $ 435 $ 1,110
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Fiscal Year 2020 $ 362 2021 1,869 2022 1,726 2023 1,685 2024 280 Total undiscounted operating lease payments 5,922 Imputed interest (371 ) Total operating lease liabilities $ 5,551
Lessee, Operating Lease, Disclosure [Table Text Block]	Fiscal Year 2020 $ 1,406 2021 497 2022 42 Total $ 1,945

Note 7 - Stock-based Compensa_2

Note 7 - Stock-based Compensation (Tables)	9 Months Ended
	Dec. 29, 2019
Notes Tables
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Nine-Month Periods Ended December 29, 2019 December 30, 2018 Weighted- Weighted- Average Number of Average Number of Exercise Options Exercise Options Price Outstanding Price Outstanding Outstanding at Beginning of Period $ 7.45 457,500 $ 7.93 395,000 Granted 4.76 125,000 5.90 110,000 Exercised 6.20 (10,000 ) - - Forfeited 7.07 (55,000 ) 7.83 (47,500 ) Outstanding at End of Period 6.86 517,500 7.45 457,500 Exercisable at End of Period 7.74 347,500 8.03 292,500
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Nine-Month Periods Ended December 29, 2019 December 30, 2018 Number of options issued 125,000 110,000 Grant date June 13, 2019 June 13, 2018 Dividend yield 6.72 % 5.42 % Expected volatility 25.00 % 25.00 % Risk free interest rate 1.81 % 2.78 % Contractual term (years) 10.00 10.00 Expected term (years) 4.00 4.00 Forfeiture rate 5.00 % 5.00 % Exercise price (grant-date closing price) per option $ 4.76 $ 5.90 Fair value per option $ 0.39 $ 0.49
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three-Month Period Ended December 29, 2019 Three-Month Period Ended December 30, 2018 Cost of Marketing & Cost of Marketing & Products Administrative Total Products Administrative Total Options Granted in Fiscal Year Sold Expenses Expense Sold Expenses Expense 2018 $ - $ - $ - $ 4 $ 6 $ 10 2019 2 4 6 2 4 6 2020 2 3 5 - - - Total stock option compensation $ 4 $ 7 $ 11 $ 6 $ 10 $ 16 Nine-Month Period Ended December 29, 2019 Nine-Month Period Ended December 30, 2018 Cost of Marketing & Cost of Marketing & Products Administrative Total Products Administrative Total Options Granted in Fiscal Year Sold Expenses Expense Sold Expenses Expense 2017 $ - $ - $ - $ 6 $ 5 $ 11 2018 5 1 6 14 19 33 2019 7 6 13 5 8 13 2020 5 7 12 - - - Total stock option compensation $ 17 $ 14 $ 31 $ 25 $ 32 $ 57
Share-based Payment Arrangement, Nonemployee Director Award Plan, Activity [Table Text Block]	Number of Shares Fair Value per Share Grant Date 46,512 $ 5.16 August 14, 2019 28,000 5.43 August 8, 2018 28,000 5.50 August 9, 2017 28,000 10.08 August 10, 2016
Schedule of Nonvested Share Activity [Table Text Block]	Three-Month Period Ended December 29, 2019 Three-Month Period Ended December 30, 2018 Non-employee Total Non-employee Total Stock Granted in Fiscal Year Employees Directors Expense Employees Directors Expense 2018 $ - $ - $ - $ 29 $ 19 $ 48 2019 19 19 38 - 20 20 2020 - 30 30 - - - Total stock grant compensation $ 19 $ 49 $ 68 $ 29 $ 39 $ 68 Nine-Month Period Ended December 29, 2019 Nine-Month Period Ended December 30, 2018 Non-employee Total Non-employee Total Stock Granted in Fiscal Year Employees Directors Expense Employees Directors Expense 2017 $ - $ - $ - $ - $ 47 $ 47 2018 - 26 26 87 58 145 2019 55 57 112 - 32 32 2020 - 50 50 - - - Total stock grant compensation $ 55 $ 133 $ 188 $ 87 $ 137 $ 224
Performance Shares [Member]
Notes Tables
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	Vesting of shares during the nine -month periods ended Fiscal Dec ember 29, 201 9 Dec ember 30 , 2018 Year Shares Shares Aggregate Taxes Shares Aggregate Taxes Granted Granted Vested Value Remitted Vested Value Remitted 2017 41,205 - $ - $ - 20,601 $ 122,000 $ 39,000 2018 42,250 21,125 109,000 17,000 21,125 124,000 56,000 Total 21,125 $ 109,000 $ 17,000 41,726 $ 246,000 $ 95,000

Note 1 - Summary of Significa_3

Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 29, 2019	Dec. 30, 2018	Dec. 29, 2019	Dec. 30, 2018	Mar. 31, 2019
Accounts Receivable, after Allowance for Credit Loss, Current, Total	$ 15,500,000		$ 15,500,000
Accounts Receivable, Allowance for Credit Loss, Current	665,000		665,000
Other Accrued Liabilities, Current	272,000		$ 272,000		$ 483,000
Number of Operating Segments			1
Cost of Goods and Services Sold, Total	12,766,000	$ 13,071,000	$ 36,848,000	$ 38,569,000
Estimated Effective Income Tax Rate Reconciliation, Continuing Operations, Before Discrete Changes, Percent			23.30%	24.20%
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions	29,000	7,000	$ 71,000	$ 66,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense, Total	18,000	22,000	62,000	68,000
Tax Adjustments, Settlements, and Unusual Provisions			(232,000)
Interest Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability			(78,000)
Income Tax Expense (Benefit), Discrete Effect From Tax Credits	(276,000)		(276,000)
Discrete Income Tax Charge, Shortfall from Vesting of Non-vested Stock	(1,000)		$ 5,000	$ 12,000
Effective Income Tax Rate Reconciliation, Percent, Total			16.00%	25.80%
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
Royalty [Member]
Cost of Goods and Services Sold, Total	1,300,000	1,300,000	$ 3,500,000	$ 3,700,000
Other Accrued Liabilities [Member] | Up-front Payment Arrangement [Member]
Deferred Revenue, Current, Total	119,000		119,000
Other Accrued Liabilities [Member] | Customer Returns [Member]
Deferred Revenue, Current, Total	14,000		14,000
Other Accrued Liabilities [Member] | Unredeemed Store Credits and Gift Certificates [Member]
Deferred Revenue, Current, Total	12,000		12,000
Receivable Due from Factor [Member]
Accounts Receivable, after Allowance for Credit Loss, Current, Total	14,600,000		14,600,000
Negative Balance Outstanding Under Revolving Line of Credit [Member]
Accounts Receivable, after Allowance for Credit Loss, Current, Total	25,000		25,000
Receivable from Factor, and Negative Balance on Revolving Line of Credit [Member]
Accounts Receivable, after Allowance for Credit Loss, Current, Total	14,700,000		14,700,000
Selling, General and Administrative Expenses [Member]
Advertising Expense	$ 261,000	$ 295,000	$ 805,000	$ 968,000

Note 1 - Summary of Significa_4

Note 1 - Summary of Significant Accounting Policies - Segment and Related Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 29, 2019	Dec. 30, 2018	Dec. 29, 2019	Dec. 30, 2018
Net sales	$ 18,587	$ 18,668	$ 53,089	$ 54,664
Bedding, Blankets, And Accessories [Member]
Net sales	9,605	9,817	27,682	29,873
Bibs, Bath, And Disposable Products [Member]
Net sales	$ 8,982	$ 8,851	$ 25,407	$ 24,791

Note 2 - Financing Arrangemen_2

Note 2 - Financing Arrangements (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 29, 2019	Dec. 30, 2018	Dec. 29, 2019	Dec. 30, 2018	Mar. 31, 2019
Selling, General and Administrative Expense, Total	$ 3,416,000	$ 3,446,000	$ 10,344,000	$ 10,958,000
Line of Credit Facility, Remaining Borrowing Capacity	23,700,000		23,700,000		$ 19,400,000
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	26,000,000		26,000,000
Long-term Line of Credit, Total	0		0		4,500,000
Letters of Credit Outstanding, Amount	$ 0		$ 0		$ 0
Revolving Credit Facility [Member] | Prime Rate [Member]
Debt Instrument Basis Spread Below Variable Rate			0.50%
Debt Instrument, Basis Spread on Variable Rate			2.00%
Debt Instrument, Interest Rate, Effective Percentage	2.75%		2.75%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate			1.75%
Debt Instrument, Interest Rate, Effective Percentage	3.44%		3.44%
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, Total	$ 75,000	$ 64,000	$ 188,000	$ 192,000

Note 3 - Goodwill (Details Text

Note 3 - Goodwill (Details Textual) - USD ($) $ in Thousands	Dec. 29, 2019	Apr. 01, 2019	Mar. 31, 2019
Goodwill, Gross	$ 30,000		$ 30,000
Goodwill, Impaired, Accumulated Impairment Loss	22,900	$ 0	22,900
Goodwill, Ending Balance	$ 7,125		$ 7,125

Note 4 - Other Intangible Ass_3

Note 4 - Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 29, 2019	Dec. 30, 2018	Dec. 29, 2019	Dec. 30, 2018	Mar. 31, 2019
Finite-lived intangible assets, gross amount	$ 14,200		$ 14,200		$ 14,200
Finite-lived intangible assets, accumulated amortization	8,409		8,409		7,768
Amortization expense	214	$ 214	641	$ 628
Cost of Sales [Member]
Amortization expense	2	2	5	5
Selling, General and Administrative Expenses [Member]
Amortization expense	212	212	636	623
Trademarks and Trade Names [Member]
Finite-lived intangible assets, gross amount	3,667		3,667		3,667
Finite-lived intangible assets, accumulated amortization	1,685		1,685		1,501
Amortization expense	62	62	184	171
Developed Technology [Member]
Finite-lived intangible assets, gross amount	1,100		1,100		1,100
Finite-lived intangible assets, accumulated amortization	266		266		183
Amortization expense	28	28	83	83
Noncompete Agreements [Member]
Finite-lived intangible assets, gross amount	458		458		458
Finite-lived intangible assets, accumulated amortization	258		258		200
Amortization expense	19	19	58	58
Patents [Member]
Finite-lived intangible assets, gross amount	1,601		1,601		1,601
Finite-lived intangible assets, accumulated amortization	862		862		781
Amortization expense	27	27	81	81
Customer Relationships [Member]
Finite-lived intangible assets, gross amount	7,374		7,374		7,374
Finite-lived intangible assets, accumulated amortization	5,338		5,338		$ 5,103
Amortization expense	$ 78	$ 78	$ 235	$ 235

Note 5 - Inventories - Componen

Note 5 - Inventories - Components of Inventories (Details) - USD ($) $ in Thousands	Dec. 29, 2019	Mar. 31, 2019
Raw Materials	$ 642	$ 617
Work in Process	33	56
Finished Goods	22,965	18,861
Total inventory	$ 23,640	$ 19,534

Note 6 - Leases (Details Textua

Note 6 - Leases (Details Textual) - USD ($)	3 Months Ended	9 Months Ended
	Dec. 29, 2019	Dec. 29, 2019	Apr. 01, 2019	Mar. 31, 2019
Operating Lease, Right-of-Use Asset	$ 5,416,000	$ 5,416,000	$ 1,900,000
Reclassification from Deferred Rent to Operating Lease, Right-of-Use Asset			99,000
Operating Lease, Liability, Total	5,551,000	5,551,000	$ 1,900,000
Operating Lease, Payments	$ 362,000	$ 1,100,000
Operating Lease, Weighted Average Remaining Lease Term	3 years 73 days	3 years 73 days
Operating Lease, Weighted Average Discount Rate, Percent	3.84%	3.84%

Note 6 - Leases - Classificatio

Note 6 - Leases - Classification of Operating Lease Costs in Consolidated Statements of Income (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 29, 2019	Dec. 29, 2019
Operating Lease Costs	$ 435	$ 1,110
Cost of Sales [Member]
Operating Lease Costs	382	957
Selling, General and Administrative Expenses [Member]
Operating Lease Costs	$ 53	$ 153

Note 6 - Leases - Maturities of

Note 6 - Leases - Maturities of Operating Lease Liabilities (Details) - USD ($)	Dec. 29, 2019	Apr. 01, 2019
2020	$ 362,000
2021	1,869,000
2022	1,726,000
2023	1,685,000
2024	280,000
Total undiscounted operating lease payments	5,922,000
Imputed interest	(371,000)
Total operating lease liabilities	$ 5,551,000	$ 1,900,000

Note 6 - Leases - Minimum Guara

Note 6 - Leases - Minimum Guaranteed Rental Payments (Details) $ in Thousands	Mar. 31, 2019USD ($)
2020	$ 1,406
2021	497
2022	42
Total	$ 1,945

Note 7 - Stock-based Compensa_3

Note 7 - Stock-based Compensation (Details Textual) - USD ($)	Aug. 14, 2019	Aug. 08, 2019	Jan. 18, 2019	Dec. 29, 2019	Dec. 30, 2018	Dec. 29, 2019	Dec. 30, 2018	Mar. 31, 2019
Common Stock, Capital Shares Reserved for Future Issuance				440,000		440,000
Share-based Payment Arrangement, Expense				$ 79,000	$ 84,000	$ 219,000	$ 281,000
Share-based Payment Arrangement, Amount Capitalized						0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value				205,000		205,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value				28,000		28,000
Proceeds from Stock Options Exercised				0		0
Payment, Tax Withholding, Share-based Payment Arrangement				$ 3,000		$ 3,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period				0	0	10,000	0
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition						1 year 9 days
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total				$ 313,000		$ 313,000
Share-based Payment Arrangement, Option [Member]
Share-based Payment Arrangement, Expense				11,000	$ 16,000	$ 31,000	$ 57,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period						2 years	2 years
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount				$ 48,000		$ 48,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition						297 days
Non-vested Stock Grants [Member] | Non Employee Directors [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	$ 135,000	$ 151,000
Restricted Stock [Member] | Subsidiary CEO And President [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			25,000
Share Base Compensation Arrangement by Share Based Payment Award Equity Instrument Other Than Options Grants in Period Total Grant Date Fair Value			$ 5.86
Performance Shares [Member]
Share-based Payment Arrangement, Expense								$ 116,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period						2 years
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition						3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period						0		0
The 2014 Omnibus Equity Compensation Plan [Member] | Share-based Payment Arrangement, Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period						10 years

Note 7 - Stock-based Compensa_4

Note 7 - Stock-based Compensation - Stock Option Activity (Details) - $ / shares	3 Months Ended		9 Months Ended
	Dec. 29, 2019	Dec. 30, 2018	Dec. 29, 2019	Dec. 30, 2018
Outstanding, Weighted-average exercise price, beginning balance (in dollars per share)			$ 7.45	$ 7.93
Outstanding, Shares, beginning balance (in shares)			457,500	395,000
Granted, Weighted-average exercise price (in dollars per share)			$ 4.76	$ 5.90
Number of options issued (in shares)			125,000	110,000
Exercised, Weighted-average exercise price (in dollars per share)			$ 6.20
Exercised, Shares (in shares)	0	0	(10,000)	0
Forfeited, Weighted-average exercise price (in dollars per share)			$ 7.07	$ 7.83
Forfeited, Shares (in shares)			(55,000)	(47,500)
Outstanding, Weighted-average exercise price, ending balance (in dollars per share)	$ 6.86	$ 7.45	$ 6.86	$ 7.45
Outstanding, Shares, ending balance (in shares)	517,500	457,500	517,500	457,500
Exercisable, Weighted-average exercise price (in dollars per share)	$ 7.74	$ 8.03	$ 7.74	$ 8.03
Exercisable, Shares (in shares)	347,500	292,500	347,500	292,500

Note 7 - Stock-based Compensa_5

Note 7 - Stock-based Compensation - Estimated Fair Value of Stock Options Assumptions (Details) - $ / shares	9 Months Ended
	Dec. 29, 2019	Dec. 30, 2018
Number of options issued (in shares)	125,000	110,000
June 13, 2019 [Member]
Number of options issued (in shares)	125,000
Grant date	Jun. 13, 2019
Dividend yield	6.72%
Expected volatility	25.00%
Risk free interest rate	1.81%
Contractual term (years) (Year)	10 years
Expected term (years) (Year)	4 years
Forfeiture rate	5.00%
Exercise price (grant-date closing price) per option (in dollars per share)	$ 4.76
Fair value per option (in dollars per share)	$ 0.39
June 13, 2018 [Member]
Number of options issued (in shares)		110,000
Grant date		Jun. 13, 2018
Dividend yield		5.42%
Expected volatility		25.00%
Risk free interest rate		2.78%
Contractual term (years) (Year)		10 years
Expected term (years) (Year)		4 years
Forfeiture rate		5.00%
Exercise price (grant-date closing price) per option (in dollars per share)		$ 5.90
Fair value per option (in dollars per share)		$ 0.49

Note 7 - Stock-based Compensa_6

Note 7 - Stock-based Compensation - Stock Option Compensation (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 29, 2019	Dec. 30, 2018	Dec. 29, 2019	Dec. 30, 2018
Allocated share-based compensation	$ 79,000	$ 84,000	$ 219,000	$ 281,000
Share-based Payment Arrangement, Option [Member]
Allocated share-based compensation	11,000	16,000	31,000	57,000
Share-based Payment Arrangement, Option [Member] | Cost of Sales [Member]
Allocated share-based compensation	4,000	6,000	17,000	25,000
Share-based Payment Arrangement, Option [Member] | Marketing and Administrative Expenses [Member]
Allocated share-based compensation	7,000	10,000	14,000	32,000
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2018 [Member]
Allocated share-based compensation		10,000	6,000	33,000
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2018 [Member] | Cost of Sales [Member]
Allocated share-based compensation		4,000	5,000	14,000
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2018 [Member] | Marketing and Administrative Expenses [Member]
Allocated share-based compensation		6,000	1,000	19,000
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2017 [Member]
Allocated share-based compensation				11,000
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2017 [Member] | Cost of Sales [Member]
Allocated share-based compensation				6,000
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2017 [Member] | Marketing and Administrative Expenses [Member]
Allocated share-based compensation				5,000
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2019 [Member]
Allocated share-based compensation	6,000	6,000	13,000	13,000
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2019 [Member] | Cost of Sales [Member]
Allocated share-based compensation	2,000	2,000	7,000	5,000
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2019 [Member] | Marketing and Administrative Expenses [Member]
Allocated share-based compensation	4,000	4,000	6,000	8,000
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2020 [Member]
Allocated share-based compensation	5,000		12,000
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2020 [Member] | Cost of Sales [Member]
Allocated share-based compensation	2,000		5,000
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2020 [Member] | Marketing and Administrative Expenses [Member]
Allocated share-based compensation	$ 3,000		$ 7,000

Note 7 - Stock-based Compensa_7

Note 7 - Stock-based Compensation - Non-vested Stock to Directors (Details) - Non Employee Directors [Member] - Non-vested Stock Grants [Member]	9 Months Ended
	Dec. 29, 2019$ / sharesshares
August 14, 2019 [Member]
Fair Value Per Share (in dollars per share) | $ / shares	$ 5.16
Number of Shares (in shares) | shares	46,512
August 8, 2018 [Member]
Fair Value Per Share (in dollars per share) | $ / shares	$ 5.43
Number of Shares (in shares) | shares	28,000
August 9 2017 [Member]
Fair Value Per Share (in dollars per share) | $ / shares	$ 5.50
Number of Shares (in shares) | shares	28,000
August 10, 2016 [Member]
Fair Value Per Share (in dollars per share) | $ / shares	$ 10.08
Number of Shares (in shares) | shares	28,000

Note 7 - Stock-based Compensa_8

Note 7 - Stock-based Compensation - Grants and Compensation Expense in Connection With the Performance Bonus Plan (Details) - USD ($)	3 Months Ended	9 Months Ended		12 Months Ended
	Dec. 29, 2019	Dec. 29, 2019	Dec. 30, 2018	Mar. 31, 2019
Shares Vested, Taxes Remitted	$ 3,000	$ 3,000
Performance Bonus Plan [Member]
Shares Vested (in shares)		21,125	41,726
Shares Vested, Aggregate Value		$ 109,000	$ 246,000
Shares Vested, Taxes Remitted		$ 17,000	$ 95,000
Performance Shares [Member]
Number of Shares (in shares)		0		0
Performance Shares [Member] | Earned in Fiscal Year 2016, Granted in Fiscal Year 2017 [Member] | Performance Bonus Plan [Member]
Number of Shares (in shares)		41,205
Shares Vested (in shares)			20,601
Shares Vested, Aggregate Value			$ 122,000
Shares Vested, Taxes Remitted			$ 39,000
Performance Shares [Member] | Earned in Fiscal Year 2017, Granted in Fiscal Year 2018 [Member] | Performance Bonus Plan [Member]
Number of Shares (in shares)		42,250
Shares Vested (in shares)		21,125	21,125
Shares Vested, Aggregate Value		$ 109,000	$ 124,000
Shares Vested, Taxes Remitted		$ 17,000	$ 56,000

Note 7 - Stock-based Compensa_9

Note 7 - Stock-based Compensation - Compensation Expense Associated with Non-vested Stock Grants (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 29, 2019	Dec. 30, 2018	Dec. 29, 2019	Dec. 30, 2018
Allocated share-based compensation	$ 79,000	$ 84,000	$ 219,000	$ 281,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member]
Allocated share-based compensation	68,000	68,000	188,000	224,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2018 [Member]
Allocated share-based compensation		48,000	26,000	145,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2017 [Member]
Allocated share-based compensation				47,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2019 [Member]
Allocated share-based compensation	38,000	20,000	112,000	32,000
Selling, General and Administrative Expenses [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2020 [Member]
Allocated share-based compensation	30,000		50,000
Selling, General and Administrative Expenses [Member] | Employee [Member] | Non-vested Stock Grants [Member]
Allocated share-based compensation	19,000	29,000	55,000	87,000
Selling, General and Administrative Expenses [Member] | Employee [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2018 [Member]
Allocated share-based compensation		29,000		87,000
Selling, General and Administrative Expenses [Member] | Employee [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2017 [Member]
Allocated share-based compensation
Selling, General and Administrative Expenses [Member] | Employee [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2019 [Member]
Allocated share-based compensation	19,000		55,000
Selling, General and Administrative Expenses [Member] | Employee [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2020 [Member]
Allocated share-based compensation
Selling, General and Administrative Expenses [Member] | Non Employee Directors [Member] | Non-vested Stock Grants [Member]
Allocated share-based compensation	49,000	39,000	133,000	137,000
Selling, General and Administrative Expenses [Member] | Non Employee Directors [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2018 [Member]
Allocated share-based compensation		19,000	26,000	58,000
Selling, General and Administrative Expenses [Member] | Non Employee Directors [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2017 [Member]
Allocated share-based compensation				47,000
Selling, General and Administrative Expenses [Member] | Non Employee Directors [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2019 [Member]
Allocated share-based compensation	19,000	20,000	57,000	32,000
Selling, General and Administrative Expenses [Member] | Non Employee Directors [Member] | Non-vested Stock Grants [Member] | Fiscal Year 2020 [Member]
Allocated share-based compensation	$ 30,000		$ 50,000

Note 8 - Subsequent Events (Det

Note 8 - Subsequent Events (Details Textual) - State and Local Jurisdiction [Member] - California Franchise Tax Board [Member] - Subsequent Event [Member] - Fiscal Year Ended March 29, 2015 [Member]	Jan. 07, 2020USD ($)
Income Tax Expense (Benefit), Discrete Items, Reserve for Unrecognized Tax Benefits	$ (212,000)
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	$ 84,000