Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Jun. 27, 2021 | Jul. 30, 2021 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0000025895 | |
Entity Registrant Name | CROWN CRAFTS INC | |
Amendment Flag | false | |
Current Fiscal Year End Date | --04-03 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2022 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 27, 2021 | |
Document Transition Report | false | |
Entity File Number | 1-7604 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 58-0678148 | |
Entity Address, Address Line One | 916 South Burnside Avenue | |
Entity Address, City or Town | Gonzales | |
Entity Address, State or Province | LA | |
Entity Address, Postal Zip Code | 70737 | |
City Area Code | 225 | |
Local Phone Number | 647-9100 | |
Title of 12(b) Security | Common Stock, par value $0.01 per share | |
Trading Symbol | CRWS | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 10,032,907 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Jun. 27, 2021 | Mar. 28, 2021 |
Current assets: | ||
Cash and cash equivalents | $ 4,702,000 | $ 613,000 |
Accounts receivable (net of allowances of $974 at June 27, 2021 and $723 at March 28, 2021): | ||
Due from factor | 16,722,000 | 18,604,000 |
Other | 748,000 | 734,000 |
Inventories | 21,955,000 | 20,335,000 |
Prepaid expenses | 957,000 | 1,184,000 |
Total current assets | 45,084,000 | 41,470,000 |
Operating lease right of use assets | 3,660,000 | 4,068,000 |
Property, plant and equipment - at cost: | ||
Vehicles | 171,000 | 171,000 |
Leasehold improvements | 429,000 | 425,000 |
Machinery and equipment | 3,255,000 | 3,152,000 |
Furniture and fixtures | 345,000 | 345,000 |
Property, plant and equipment - gross | 4,200,000 | 4,093,000 |
Less accumulated depreciation | 2,787,000 | 2,635,000 |
Property, plant and equipment - net | 1,413,000 | 1,458,000 |
Finite-lived intangible assets - at cost: | ||
Customer relationships | 7,374,000 | 7,374,000 |
Other finite-lived intangible assets | 4,266,000 | 4,266,000 |
Finite-lived intangible assets - gross | 11,640,000 | 11,640,000 |
Less accumulated amortization | 8,606,000 | 8,477,000 |
Finite-lived intangible assets - net | 3,034,000 | 3,163,000 |
Goodwill | 7,125,000 | 7,125,000 |
Deferred income taxes | 870,000 | 706,000 |
Other | 91,000 | 92,000 |
Total Assets | 61,277,000 | 58,082,000 |
Current liabilities: | ||
Accounts payable | 7,860,000 | 5,539,000 |
Accrued wages and benefits | 2,664,000 | 2,216,000 |
Accrued royalties | 1,131,000 | 410,000 |
Dividends payable | 802,000 | 800,000 |
Operating lease liabilities, current | 1,797,000 | 1,802,000 |
Other accrued liabilities | 341,000 | 215,000 |
Current maturities of long-term debt | 0 | 1,964,000 |
Total current liabilities | 14,595,000 | 12,946,000 |
Non-current liabilities: | ||
Operating lease liabilities, noncurrent | 2,189,000 | 2,641,000 |
Reserve for unrecognized tax liabilities | 667,000 | 630,000 |
Total non-current liabilities | 2,856,000 | 3,271,000 |
Shareholders' equity: | ||
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at June 27, 2021 and March 28, 2021; Issued 12,864,753 shares at June 27, 2021 and 12,809,753 shares at March 28, 2021 | 129,000 | 128,000 |
Additional paid-in capital | 55,024,000 | 54,748,000 |
Treasury stock - at cost - 2,834,434 shares at June 27, 2021 and 2,811,446 shares at March 28, 2021 | (15,381,000) | (15,202,000) |
Retained Earnings | 4,054,000 | 2,191,000 |
Total shareholders' equity | 43,826,000 | 41,865,000 |
Total Liabilities and Shareholders' Equity | $ 61,277,000 | $ 58,082,000 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Jun. 27, 2021 | Mar. 28, 2021 |
Allowance for doubtful accounts receivable | $ 974 | $ 723 |
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) | 12,864,753 | 12,809,753 |
Treasury stock, shares (in shares) | 2,834,434 | 2,811,446 |
Unaudited Condensed Consolidate
Unaudited Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
Jun. 27, 2021 | Jun. 28, 2020 | |
Net sales | $ 18,712 | $ 16,205 |
Cost of products sold | 14,056 | 11,182 |
Gross profit | 4,656 | 5,023 |
Marketing and administrative expenses | 3,366 | 3,380 |
Income from operations | 1,290 | 1,643 |
Other (expense) income: | ||
Interest expense - net of interest income | (13) | (4) |
Gain on extinguishment of debt | 1,985 | 0 |
Other - net | 12 | 1 |
Income before income tax expense | 3,274 | 1,640 |
Income tax expense | 609 | 425 |
Net income | $ 2,665 | $ 1,215 |
Weighted average shares outstanding: | ||
Basic (in shares) | 10,004 | 10,171 |
Effect of dilutive securities (in shares) | 52 | 0 |
Diluted (in shares) | 10,056 | 10,171 |
Earnings per share - basic and diluted (in dollars per share) | $ 0.27 | $ 0.12 |
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 Mar. 29, 2020 | 12,603,301 | (2,436,494) | |||
Balances at Mar. 29, 2020 | $ 126 | $ (12,408) | $ 53,610 | $ 1,108 | $ 42,436 |
Issuance of shares (in shares) | 20,000 | 0 | |||
Issuance of shares | $ 0 | $ 0 | 0 | 0 | 0 |
Stock-based compensation | 0 | 0 | 86 | 0 | 86 |
Net income | $ 0 | $ 0 | 0 | 1,215 | 1,215 |
Balances (in shares) at Jun. 28, 2020 | 12,623,301 | (2,436,494) | |||
Balances at Jun. 28, 2020 | $ 126 | $ (12,408) | 53,696 | 2,323 | 43,737 |
Balances (in shares) at Mar. 28, 2021 | 12,809,753 | (2,811,446) | |||
Balances at Mar. 28, 2021 | $ 128 | $ (15,202) | 54,748 | 2,191 | 41,865 |
Issuance of shares (in shares) | 55,000 | 0 | |||
Issuance of shares | $ 1 | $ 0 | 144 | 0 | 145 |
Stock-based compensation | 0 | 0 | 132 | 0 | 132 |
Net income | $ 0 | $ 0 | 0 | 2,665 | 2,665 |
Acquisition of treasury stock (in shares) | 0 | (22,988) | |||
Acquisition of treasury stock | $ 0 | $ (179) | 0 | 0 | (179) |
Dividend declared on common stock | $ 0 | $ 0 | 0 | (802) | (802) |
Balances (in shares) at Jun. 27, 2021 | 12,864,753 | (2,834,434) | |||
Balances at Jun. 27, 2021 | $ 129 | $ (15,381) | $ 55,024 | $ 4,054 | $ 43,826 |
Unaudited Condensed Consolida_3
Unaudited Condensed Consolidated Statements of Changes In Shareholders' Equity (Parentheticals) | 3 Months Ended |
Jun. 27, 2021$ / shares | |
Dividends declared, per share (in dollars per share) | $ 0.08 |
Unaudited Condensed Consolida_4
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | |
Jun. 27, 2021 | Jun. 28, 2020 | |
Operating activities: | ||
Net income | $ 2,665 | $ 1,215 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation of property, plant and equipment | 152 | 187 |
Amortization of intangibles | 129 | 209 |
Amortization of right of use assets | 447 | 474 |
Deferred income taxes | (164) | (173) |
Gain on extinguishment of debt | (1,985) | 0 |
Reserve for unrecognized tax liabilities | 37 | 30 |
Stock-based compensation | 132 | 86 |
Changes in assets and liabilities: | ||
Accounts receivable | 1,868 | 2,731 |
Inventories | (1,620) | 402 |
Prepaid expenses | 227 | 183 |
Other assets | 1 | 0 |
Lease liabilities | (497) | (408) |
Accounts payable | 2,289 | 1,582 |
Accrued liabilities | 1,317 | 1,387 |
Net cash provided by operating activities | 4,998 | 7,905 |
Cash used in investing activities: | ||
Capital expenditures for property, plant and equipment | (75) | (50) |
Financing activities: | ||
Repayments under revolving line of credit | (5,809) | (4,598) |
Borrowings under revolving line of credit | 5,809 | 2,020 |
Proceeds from long-term debt | 0 | 1,964 |
Purchase of treasury stock from related parties | (179) | 0 |
Issuance of common stock | 145 | 0 |
Dividends paid | (800) | (813) |
Net cash used in financing activities | (834) | (1,427) |
Net increase in cash and cash equivalents | 4,089 | 6,428 |
Cash and cash equivalents at beginning of period | 613 | 282 |
Cash and cash equivalents at end of period | 4,702 | 6,710 |
Supplemental cash flow information: | ||
Income taxes paid | 610 | 2 |
Interest paid | 5 | 14 |
Noncash financing activities: | ||
Property, plant and equipment purchased but unpaid | (32) | (19) |
Dividends declared but unpaid | $ (802) | $ 0 |
Note 1 - Interim Financial Stat
Note 1 - Interim Financial Statements | 3 Months Ended |
Jun. 27, 2021 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | Note 1 Interim Financial Statements Basis of Presentation: not In the opinion of the Company’s management, the interim unaudited condensed consolidated financial statements contained herein include all adjustments necessary to present fairly the financial position of the Company as of June 27, 2021 three June 27, 2021 not may April 3, 2022. 10 March 28, 2021. Fiscal Year: March 31. 2022” “2022” 53 April 3, 2022 2021” “2021” 52 March 28, 2021. Reclassifications: None Recently-Issued Accounting Standards: June 2016, No. 2016 13, Financial Instruments Credit Losses (Topic 326 not No. 2016 13 December 15, 2018. No. 2016 13 no December 15, 2019, November 15, 2019, No. 2019 10, Financial Instruments Credit Losses (Topic 326 815 842 No. 2016 13 first December 15, 2022. No. 2016 13 April 3, 2023. not No. 2016 13, not In December 2019, No. 2019 12, Income Taxes (Topic 740 Simplifying the Accounting for Income Taxes 740. 740 first December 15, 2020. No. 2019 12 March 29, 2021, not The Company has determined that all other ASUs issued which had become effective as of June 27, 2021, not |
Note 2 - Advertising Costs
Note 2 - Advertising Costs | 3 Months Ended |
Jun. 27, 2021 | |
Notes to Financial Statements | |
Advertising Costs [Text Block] | Note 2 Advertising Costs The Company’s advertising costs are primarily associated with cooperative advertising arrangements with certain of the Company’s customers and are recognized using the straight-line method based upon aggregate annual estimated amounts for these customers, with periodic adjustments to the actual amounts of authorized agreements. Advertising expense is included in marketing and administrative expenses in the accompanying unaudited condensed consolidated statements of income and amounted to $221,000 and $345,000 for the three June 27, 2021 June 28, 2020, |
Note 3 - Other Accrued Liabilit
Note 3 - Other Accrued Liabilities | 3 Months Ended |
Jun. 27, 2021 | |
Notes to Financial Statements | |
Other Liabilities Disclosure [Text Block] | Note 3 Other Accrued Liabilities Amounts of $341,000 and $215,000 were recorded as other accrued liabilities at June 27, 2021 March 28, 2021, June 27, 2021 March 28, 2021, |
Note 4 - Segment and Related In
Note 4 - Segment and Related Information | 3 Months Ended |
Jun. 27, 2021 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | Note 4 Segment and Related Information The Company operates primarily in one three June 27, 2021 June 28, 2020 Three-Month Periods Ended June 27, 2021 June 28, 2020 Bedding, blankets and accessories $ 9,957 $ 10,017 Bibs, bath, developmental toy, feeding, baby care and disposable products 8,755 6,188 Total net sales $ 18,712 $ 16,205 |
Note 5 - Licensing Agreements
Note 5 - Licensing Agreements | 3 Months Ended |
Jun. 27, 2021 | |
Notes to Financial Statements | |
Licensing Agreements [Text Block] | Note 5 Licensing Agreements The Company has entered into licensing agreements that provide for royalty payments based on a percentage of sales with certain minimum guaranteed amounts. These royalty amounts are accrued based upon historical sales rates adjusted for current sales trends by customers. Royalty expense is included in cost of products sold in the accompanying unaudited condensed consolidated statements of income and amounted to $1.3 million and $1.2 million for the three June 27, 2021 June 28, 2020, |
Note 6 - Income Taxes
Note 6 - Income Taxes | 3 Months Ended |
Jun. 27, 2021 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 6 Income Taxes 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 federal or state audit or other adjustment at June 27, 2021 March 28, 2021, March 29, 2020, March 31, 2019, April 1, 2018 April 2, 2017. 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 three June 27, 2021 June 28, 2020, The Company’s policy is to accrue interest expense and penalties as appropriate on any 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 June 27, 2021 June 28, 2020 In August 2020, March 31, 2019, April 1, 2018 April 2, 2017. February 2021, April 2, 2017. The Company recorded a discrete income tax benefit of $44,000 during the three June 27, 2021 three June 28, 2020. |
Note 7 - Carousel Designs
Note 7 - Carousel Designs | 3 Months Ended |
Jun. 27, 2021 | |
Notes to Financial Statements | |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | Note 7 Carousel Designs The accompanying unaudited condensed consolidated statements of income include income, expenses and losses recognized in respect of the operating activities of Carousel Designs, LLC (“Carousel”), a wholly-owned subsidiary that manufactured and marketed infant and toddler bedding directly to consumers online from a facility in Douglasville, Georgia. On May 5, 2021, 19 May 21, 2021. During the three June 27, 2021, |
Note 8 - Financing Arrangements
Note 8 - Financing Arrangements | 3 Months Ended |
Jun. 27, 2021 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 8 Financing Arrangements Factoring Agreements: not CIT bears credit losses with respect to assigned accounts receivable from approved shipments, while the Company bears the responsibility for adjustments from customers related to returns, allowances, claims and discounts. CIT may may three June 27, 2021 June 28, 2020, Credit Facility: June 27, 2021 first May 13, 2021, The financing agreement was scheduled to mature on July 11, 2022, May 31, 2021 July 11, 2025 June 27, 2021, June 27, 2021. June 27, 2021, At June 27, 2021 March 28, 2021, 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 June 27, 2021. Credit Concentration: June 27, 2021 March 28, 2021 Paycheck Protection Program Loan: April 19, 2020, 2020. 1.0% As authorized by the provisions of the CARES Act, the Company applied to the Lender for forgiveness of all or a portion of the PPP Loan. The Note would have matured on April 20, 2022, May 20, 2021, April 20, 2020 May 20, 2021. three June 27, 2021, |
Note 9 - Goodwill
Note 9 - Goodwill | 3 Months Ended |
Jun. 27, 2021 | |
Notes to Financial Statements | |
Goodwill Disclosure [Text Block] | Note 9 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 June 27, 2021 March 28, 2021 The Company measures for impairment the goodwill within its reporting units annually as of the first not 50% first not not On March 29, 2021, not |
Note 10 - Other Intangible Asse
Note 10 - Other Intangible Assets | 3 Months Ended |
Jun. 27, 2021 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | Note 10 Other Intangible Assets Other intangible assets as of June 27, 2021 March 28, 2021 June 27, 2021 March 28, 2021, three June 27, 2021 June 28, 2020, Amortization Expense Gross Amount Accumulated Amortization Three-Month Periods Ended June 27, March 28, June 27, March 28, June 27, June 28, 2021 2021 2021 2021 2021 2020 Tradename and trademarks $ 2,567 $ 2,567 $ 1,765 $ 1,722 $ 43 $ 61 Developed technology - - - - - 28 Non-compete covenants 98 98 94 93 1 20 Patents 1,601 1,601 963 950 13 22 Customer relationships 7,374 7,374 5,784 5,712 72 78 Total other intangible assets $ 11,640 $ 11,640 $ 8,606 $ 8,477 $ 129 $ 209 Classification within the accompanying unaudited condensed consolidated statements of income: Cost of products sold $ 1 $ 2 Marketing and administrative expenses 128 207 Total amortization expense $ 129 $ 209 |
Note 11 - Inventories
Note 11 - Inventories | 3 Months Ended |
Jun. 27, 2021 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | Note 11 Inventories Major classes of inventory were as follows (in thousands): June 27, 2021 March 28, 2021 Raw Materials $ 35 $ 453 Work in Process - 19 Finished Goods 21,920 19,863 Total inventory $ 21,955 $ 20,335 |
Note 12 - Leases
Note 12 - Leases | 3 Months Ended |
Jun. 27, 2021 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | Note 12 Leases The Company made cash payments related to its recognized operating leases of $497,000 and $408,000 during the three June 27, 2021 June 28, 2020, June 27, 2021, During the three June 27, 2021 June 28, 2020, Three-Month Periods Ended June 27, 2021 June 28, 2020 Cost of products sold $ 400 $ 423 Marketing and administrative expenses 47 51 Total operating lease costs $ 447 $ 474 The maturities of the Company’s operating lease liabilities as of June 27, 2021 Fiscal Year 2022 $ 1,437 2023 1,896 2024 491 2025 187 2026 158 Total undiscounted operating lease payments 4,169 Less imputed interest 183 Operating lease liabilities - net $ 3,986 |
Note 13 - Stock-based Compensat
Note 13 - Stock-based Compensation | 3 Months Ended |
Jun. 27, 2021 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | Note 13 Stock-based Compensation The Company has two 2006 “2006 2014 “2014 2014 2014 may no 2006 June 27, 2021, 2014 may three June 27, 2021 June 28, 2020, No June 27, 2021. Stock Options: three June 27, 2021 June 28, 2020: Three-Month Periods Ended June 27, 2021 June 28, 2020 Weighted- Weighted- Average Number of Average Number of Exercise Options Exercise Options Price Outstanding Price Outstanding Outstanding at Beginning of Period $ 6.84 567,500 $ 6.86 517,500 Granted 7.98 158,000 4.92 110,000 Exercised 4.84 (30,000 ) - - Outstanding at End of Period 7.18 695,500 6.52 627,500 Exercisable at End of Period 7.19 407,500 7.15 455,000 As of June 27, 2021, three June 27, 2021 not three June 27, 2021. may three June 27, 2021. no three June 28, 2020. Stock-based compensation is calculated according to FASB ASC Topic 718, Compensation Stock Compensation three June 27, 2021 June 28, 2020, two Three-Month Periods Ended June 27, 2021 June 28, 2020 Number of options issued 158,000 110,000 Grant date June 9, 2021 June 10, 2020 Dividend yield 4.00 % 6.50 % Expected volatility 35.00 % 30.00 % Risk free interest rate 0.530 % 0.275 % 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 $ 7.98 $ 4.92 Fair value per option $ 1.61 $ 0.56 During the three June 27, 2021 June 28, 2020, Three-Month Period Ended June 27, 2021 Three-Month Period Ended June 28, 2020 Cost of Marketing & Cost of Marketing & Products Administrative Total Products Administrative Total Options Granted in Fiscal Year Sold Expenses Expense Sold Expenses Expense 2019 $ - $ - $ - $ 3 $ 3 $ 6 2020 3 4 7 3 5 8 2021 4 16 20 - 1 1 2022 2 4 6 - - - Total stock option compensation $ 9 $ 24 $ 33 $ 6 $ 9 $ 15 As of June 27, 2021, Non-vested Stock Granted to Non-employee Directors: Number of Shares Fair Value per Share Grant Date 41,452 $ 5.79 August 12, 2020 46,512 5.16 August 14, 2019 28,000 5.43 August 8, 2018 These shares vest over a two Non-vested Stock Granted to Employees: Number of Shares Fair Value per Share Grant Date Vesting Date 25,000 $ 5.86 January 18, 2019 January 18, 2021 20,000 4.92 June 10, 2020 June 10, 2022 10,000 7.60 February 22, 2021 February 22, 2023 25,000 7.98 June 9, 2021 June 9, 2022 During the three June 27, 2021 June 28, 2020, Three-Month Period Ended June 27, 2021 Three-Month Period Ended June 28, 2020 Non-employee Total Non-employee Total Stock Granted in Fiscal Year Employees Directors Expense Employees Directors Expense 2019 $ - $ - $ - $ 18 $ 19 $ 37 2020 - 30 30 - 30 30 2021 22 30 52 4 - 4 2022 17 - 17 - - - Total stock grant compensation $ 39 $ 60 $ 99 $ 22 $ 49 $ 71 As of June 27, 2021, |
Note 14 - Subsequent Events
Note 14 - Subsequent Events | 3 Months Ended |
Jun. 27, 2021 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | Note 14 Subsequent Events The Company has evaluated all events which have occurred between June 27, 2021 no |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Jun. 27, 2021 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation: not In the opinion of the Company’s management, the interim unaudited condensed consolidated financial statements contained herein include all adjustments necessary to present fairly the financial position of the Company as of June 27, 2021 three June 27, 2021 not may April 3, 2022. 10 March 28, 2021. |
Fiscal Period, Policy [Policy Text Block] | Fiscal Year: March 31. 2022” “2022” 53 April 3, 2022 2021” “2021” 52 March 28, 2021. |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications: None |
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 December 15, 2018. No. 2016 13 no December 15, 2019, November 15, 2019, No. 2019 10, Financial Instruments Credit Losses (Topic 326 815 842 No. 2016 13 first December 15, 2022. No. 2016 13 April 3, 2023. not No. 2016 13, not In December 2019, No. 2019 12, Income Taxes (Topic 740 Simplifying the Accounting for Income Taxes 740. 740 first December 15, 2020. No. 2019 12 March 29, 2021, not The Company has determined that all other ASUs issued which had become effective as of June 27, 2021, not |
Note 4 - Segment and Related _2
Note 4 - Segment and Related Information (Tables) | 3 Months Ended |
Jun. 27, 2021 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Three-Month Periods Ended June 27, 2021 June 28, 2020 Bedding, blankets and accessories $ 9,957 $ 10,017 Bibs, bath, developmental toy, feeding, baby care and disposable products 8,755 6,188 Total net sales $ 18,712 $ 16,205 |
Note 10 - Other Intangible As_2
Note 10 - Other Intangible Assets (Tables) | 3 Months Ended |
Jun. 27, 2021 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Amortization Expense Gross Amount Accumulated Amortization Three-Month Periods Ended June 27, March 28, June 27, March 28, June 27, June 28, 2021 2021 2021 2021 2021 2020 Tradename and trademarks $ 2,567 $ 2,567 $ 1,765 $ 1,722 $ 43 $ 61 Developed technology - - - - - 28 Non-compete covenants 98 98 94 93 1 20 Patents 1,601 1,601 963 950 13 22 Customer relationships 7,374 7,374 5,784 5,712 72 78 Total other intangible assets $ 11,640 $ 11,640 $ 8,606 $ 8,477 $ 129 $ 209 Classification within the accompanying unaudited condensed consolidated statements of income: Cost of products sold $ 1 $ 2 Marketing and administrative expenses 128 207 Total amortization expense $ 129 $ 209 |
Note 11 - Inventories (Tables)
Note 11 - Inventories (Tables) | 3 Months Ended |
Jun. 27, 2021 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | June 27, 2021 March 28, 2021 Raw Materials $ 35 $ 453 Work in Process - 19 Finished Goods 21,920 19,863 Total inventory $ 21,955 $ 20,335 |
Note 12 - Leases (Tables)
Note 12 - Leases (Tables) | 3 Months Ended |
Jun. 27, 2021 | |
Notes Tables | |
Lease, Cost [Table Text Block] | Three-Month Periods Ended June 27, 2021 June 28, 2020 Cost of products sold $ 400 $ 423 Marketing and administrative expenses 47 51 Total operating lease costs $ 447 $ 474 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Fiscal Year 2022 $ 1,437 2023 1,896 2024 491 2025 187 2026 158 Total undiscounted operating lease payments 4,169 Less imputed interest 183 Operating lease liabilities - net $ 3,986 |
Note 13 - Stock-based Compens_2
Note 13 - Stock-based Compensation (Tables) | 3 Months Ended |
Jun. 27, 2021 | |
Notes Tables | |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Three-Month Periods Ended June 27, 2021 June 28, 2020 Weighted- Weighted- Average Number of Average Number of Exercise Options Exercise Options Price Outstanding Price Outstanding Outstanding at Beginning of Period $ 6.84 567,500 $ 6.86 517,500 Granted 7.98 158,000 4.92 110,000 Exercised 4.84 (30,000 ) - - Outstanding at End of Period 7.18 695,500 6.52 627,500 Exercisable at End of Period 7.19 407,500 7.15 455,000 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Three-Month Periods Ended June 27, 2021 June 28, 2020 Number of options issued 158,000 110,000 Grant date June 9, 2021 June 10, 2020 Dividend yield 4.00 % 6.50 % Expected volatility 35.00 % 30.00 % Risk free interest rate 0.530 % 0.275 % 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 $ 7.98 $ 4.92 Fair value per option $ 1.61 $ 0.56 |
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] | Three-Month Period Ended June 27, 2021 Three-Month Period Ended June 28, 2020 Cost of Marketing & Cost of Marketing & Products Administrative Total Products Administrative Total Options Granted in Fiscal Year Sold Expenses Expense Sold Expenses Expense 2019 $ - $ - $ - $ 3 $ 3 $ 6 2020 3 4 7 3 5 8 2021 4 16 20 - 1 1 2022 2 4 6 - - - Total stock option compensation $ 9 $ 24 $ 33 $ 6 $ 9 $ 15 Three-Month Period Ended June 27, 2021 Three-Month Period Ended June 28, 2020 Non-employee Total Non-employee Total Stock Granted in Fiscal Year Employees Directors Expense Employees Directors Expense 2019 $ - $ - $ - $ 18 $ 19 $ 37 2020 - 30 30 - 30 30 2021 22 30 52 4 - 4 2022 17 - 17 - - - Total stock grant compensation $ 39 $ 60 $ 99 $ 22 $ 49 $ 71 |
Schedule of Nonvested Share Activity [Table Text Block] | Number of Shares Fair Value per Share Grant Date 41,452 $ 5.79 August 12, 2020 46,512 5.16 August 14, 2019 28,000 5.43 August 8, 2018 Number of Shares Fair Value per Share Grant Date Vesting Date 25,000 $ 5.86 January 18, 2019 January 18, 2021 20,000 4.92 June 10, 2020 June 10, 2022 10,000 7.60 February 22, 2021 February 22, 2023 25,000 7.98 June 9, 2021 June 9, 2022 |
Note 2 - Advertising Costs (Det
Note 2 - Advertising Costs (Details Textual) - USD ($) | 3 Months Ended | |
Jun. 27, 2021 | Jun. 28, 2020 | |
Advertising Expense | $ 221,000 | $ 345,000 |
Note 3 - Other Accrued Liabil_2
Note 3 - Other Accrued Liabilities (Details Textual) - USD ($) | Jun. 27, 2021 | Mar. 28, 2021 |
Other Accrued Liabilities, Current | $ 341,000 | $ 215,000 |
Contract with Customer, Liability, Current | $ 24,000 | $ 85,000 |
Note 4 - Segment and Related _3
Note 4 - Segment and Related Information (Details Textual) | 3 Months Ended |
Jun. 27, 2021 | |
Number of Operating Segments | 1 |
Note 4 - Segment and Related _4
Note 4 - Segment and Related Information - Segment and Related Information (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Jun. 27, 2021 | Jun. 28, 2020 | |
Net sales | $ 18,712 | $ 16,205 |
Bedding, Blankets, And Accessories [Member] | ||
Net sales | 9,957 | 10,017 |
Bibs, Bath, And Disposable Products [Member] | ||
Net sales | $ 8,755 | $ 6,188 |
Note 5 - Licensing Agreements (
Note 5 - Licensing Agreements (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | ||
Jun. 27, 2021 | Jun. 29, 2020 | Jun. 28, 2020 | |
Cost of Goods and Services Sold, Total | $ 14,056 | $ 11,182 | |
Royalty [Member] | |||
Cost of Goods and Services Sold, Total | $ 1,300 | $ 1,200 |
Note 6 - Income Taxes (Details
Note 6 - Income Taxes (Details Textual) - USD ($) | 3 Months Ended | |
Jun. 27, 2021 | Jun. 28, 2020 | |
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions | $ 23,000 | $ 13,000 |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense, Total | 14,000 | 17,000 |
Effective Income Tax Rate Reconciliation, Aggregate Effect of Certain Tax Credits, Amount | $ 44,000 | $ 0 |
Note 7 - Carousel Designs (Deta
Note 7 - Carousel Designs (Details Textual) - USD ($) | 3 Months Ended | |
Jun. 27, 2021 | Jun. 28, 2020 | |
Gross Profit, Total | $ 4,656,000 | $ 5,023,000 |
Discontinued Operations, Disposed of by Means Other than Sale [Member] | Carousel Designs, LLC [Member] | Sale of Inventory Below Cost [Member] | ||
Gross Profit, Total | (647,000) | |
Discontinued Operations, Disposed of by Means Other than Sale [Member] | Carousel Designs, LLC [Member] | Settlement With Supplier [Member] | ||
Gross Profit, Total | (344,000) | |
Discontinued Operations, Disposed of by Means Other than Sale [Member] | Carousel Designs, LLC [Member] | Liquidation of Inventory [Member] | ||
Gross Profit, Total | $ (265,000) |
Note 8 - Financing Arrangemen_2
Note 8 - Financing Arrangements (Details Textual) - USD ($) | May 31, 2021 | May 20, 2021 | Apr. 19, 2020 | Jun. 27, 2021 | Jun. 28, 2020 | Mar. 28, 2021 |
Selling, General and Administrative Expense, Total | $ 3,366,000 | $ 3,380,000 | ||||
Long-term Line of Credit, Total | 0 | $ 0 | ||||
Letters of Credit Outstanding, Amount | 0 | 0 | ||||
Line of Credit Facility, Remaining Borrowing Capacity | 26,000,000 | 26,000,000 | ||||
Accounts Receivable, after Allowance for Credit Loss, Current, Total | 17,500,000 | 19,300,000 | ||||
Accounts Receivable, Allowance for Credit Loss, Current | 974,000 | 723,000 | ||||
Proceeds from (Repayments of) Notes Payable, Total | 0 | 1,964,000 | ||||
Gain (Loss) on Extinguishment of Debt, Total | 1,985,000 | 0 | ||||
Paycheck Protection Program CARES Act [Member] | ||||||
Proceeds from (Repayments of) Notes Payable, Total | $ 1,963,800 | |||||
Debt Instrument, Decrease, Forgiveness | $ 1,963,800 | |||||
Interest Payable | $ 21,000 | |||||
Gain (Loss) on Extinguishment of Debt, Total | 1,985,000 | |||||
Receivable Due from Factor [Member] | ||||||
Accounts Receivable, after Allowance for Credit Loss, Current, Total | 16,700,000 | 18,600,000 | ||||
Negative Balance Outstanding Under Revolving Line of Credit [Member] | ||||||
Accounts Receivable, after Allowance for Credit Loss, Current, Total | 4,700,000 | 602,000 | ||||
Receivable from Factor, and Negative Balance on Revolving Line of Credit [Member] | ||||||
Accounts Receivable, after Allowance for Credit Loss, Current, Total | 21,400,000 | $ 19,200,000 | ||||
Revolving Credit Facility [Member] | ||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 26,000,000 | |||||
Revolving Credit Facility [Member] | Prime Rate [Member] | ||||||
Debt Instrument Basis Spread Below Variable Rate | 1.00% | |||||
Debt Instrument, Basis Spread on Variable Rate | 2.00% | |||||
Debt Instrument, Interest Rate, Effective Percentage | 1.25% | |||||
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 1.50% | |||||
Debt Instrument, Interest Rate, Effective Percentage | 1.59% | |||||
Letter of Credit [Member] | ||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 1,500,000 | |||||
Factoring Fees [Member] | ||||||
Selling, General and Administrative Expense, Total | $ 64,000 | $ 45,000 |
Note 9 - Goodwill (Details Text
Note 9 - Goodwill (Details Textual) - USD ($) $ in Thousands | Jun. 27, 2021 | Mar. 29, 2021 | Mar. 28, 2021 |
Goodwill, Gross | $ 30,000 | $ 30,000 | |
Goodwill, Impaired, Accumulated Impairment Loss | 22,900 | $ 0 | |
Goodwill, Ending Balance | $ 7,125 | $ 7,125 |
Note 10 - Other Intangible As_3
Note 10 - Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Jun. 27, 2021 | Jun. 28, 2020 | Mar. 28, 2021 | |
Finite-lived intangible assets, gross amount | $ 11,640 | $ 11,640 | |
Finite-lived intangible assets, accumulated amortization | 8,606 | 8,477 | |
Amortization expense | 129 | $ 209 | |
Cost of Sales [Member] | |||
Amortization expense | 1 | 2 | |
Selling, General and Administrative Expenses [Member] | |||
Amortization expense | 128 | 207 | |
Trademarks and Trade Names [Member] | |||
Finite-lived intangible assets, gross amount | 2,567 | 2,567 | |
Finite-lived intangible assets, accumulated amortization | 1,765 | 1,722 | |
Amortization expense | 43 | 61 | |
Developed Technology [Member] | |||
Finite-lived intangible assets, gross amount | 0 | 0 | |
Finite-lived intangible assets, accumulated amortization | 0 | 0 | |
Amortization expense | 0 | 28 | |
Noncompete Agreements [Member] | |||
Finite-lived intangible assets, gross amount | 98 | 98 | |
Finite-lived intangible assets, accumulated amortization | 94 | 93 | |
Amortization expense | 1 | 20 | |
Patents [Member] | |||
Finite-lived intangible assets, gross amount | 1,601 | 1,601 | |
Finite-lived intangible assets, accumulated amortization | 963 | 950 | |
Amortization expense | 13 | 22 | |
Customer Relationships [Member] | |||
Finite-lived intangible assets, gross amount | 7,374 | 7,374 | |
Finite-lived intangible assets, accumulated amortization | 5,784 | $ 5,712 | |
Amortization expense | $ 72 | $ 78 |
Note 11 - Inventories - Compone
Note 11 - Inventories - Components of Inventories (Details) - USD ($) $ in Thousands | Jun. 27, 2021 | Mar. 28, 2021 |
Raw Materials | $ 35 | $ 453 |
Work in Process | 0 | 19 |
Finished Goods | 21,920 | 19,863 |
Total inventory | $ 21,955 | $ 20,335 |
Note 12 - Leases (Details Textu
Note 12 - Leases (Details Textual) - USD ($) | 3 Months Ended | |
Jun. 27, 2021 | Jun. 28, 2020 | |
Operating Lease, Payments | $ 497,000 | $ 408,000 |
Operating Lease, Weighted Average Remaining Lease Term (Year) | 2 years 4 months 24 days | |
Operating Lease, Weighted Average Discount Rate, Percent | 3.60% |
Note 12 - Leases - Classificati
Note 12 - Leases - Classification of Operating Lease Costs in Consolidated Statements of Income (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Jun. 27, 2021 | Jun. 28, 2020 | |
Operating Lease Costs | $ 447 | $ 474 |
Cost of Sales [Member] | ||
Operating Lease Costs | 400 | 423 |
Selling, General and Administrative Expenses [Member] | ||
Operating Lease Costs | $ 47 | $ 51 |
Note 12 - Leases - Maturities o
Note 12 - Leases - Maturities of Operating Lease Liabilities (Details) $ in Thousands | Jun. 27, 2021USD ($) |
2022 | $ 1,437 |
2023 | 1,896 |
2024 | 491 |
2025 | 187 |
2026 | 158 |
Total undiscounted operating lease payments | 4,169 |
Less imputed interest | 183 |
Operating lease liabilities - net | $ 3,986 |
Note 13 - Stock-based Compens_3
Note 13 - Stock-based Compensation (Details Textual) - USD ($) | 3 Months Ended | |
Jun. 27, 2021 | Jun. 28, 2020 | |
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 49 | |
Share-based Payment Arrangement, Expense | $ 132,000 | $ 86,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | 527,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | 358,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | 89,000 | |
Proceeds from Stock Options Exercised | 0 | 0 |
Payment, Tax Withholding, Share-based Payment Arrangement | $ 34,000 | |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Month) | 7 months 21 days | |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 431,000 | |
Non Employee Directors [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 2 years | |
Share-based Payment Arrangement, Option [Member] | ||
Share-based Payment Arrangement, Expense | $ 33,000 | $ 15,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 2 years | |
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount | $ 352,000 | |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Month) | 14 months 27 days |
Note 13 - Stock-based Compens_4
Note 13 - Stock-based Compensation - Stock Option Activity (Details) - $ / shares | 3 Months Ended | |
Jun. 27, 2021 | Jun. 28, 2020 | |
Outstanding, Weighted-average exercise price, beginning balance (in dollars per share) | $ 6.84 | $ 6.86 |
Outstanding, Shares, beginning balance (in shares) | 567,500 | 517,500 |
Granted, Weighted-average exercise price (in dollars per share) | $ 7.98 | $ 4.92 |
Number of options issued (in shares) | 158,000 | 110,000 |
Exercised, Weighted-average exercise price (in dollars per share) | $ 4.84 | $ 0 |
Exercised, Shares (in shares) | (30,000) | 0 |
Outstanding, Weighted-average exercise price, ending balance (in dollars per share) | $ 7.18 | $ 6.52 |
Outstanding, Shares, ending balance (in shares) | 695,500 | 627,500 |
Exercisable, Weighted-average exercise price (in dollars per share) | $ 7.19 | $ 7.15 |
Exercisable, Shares (in shares) | 407,500 | 455,000 |
Note 13 - Stock-based Compens_5
Note 13 - Stock-based Compensation - Estimated Fair Value of Stock Options Assumptions (Details) - $ / shares | 3 Months Ended | |
Jun. 27, 2021 | Jun. 28, 2020 | |
Number of options issued (in shares) | 158,000 | 110,000 |
June 10, 2020 [Member] | ||
Number of options issued (in shares) | 158,000 | |
Grant date | Jun. 9, 2021 | |
Dividend yield | 4.00% | |
Expected volatility | 35.00% | |
Risk free interest rate | 0.53% | |
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) | $ 7.98 | |
Fair value per option (in dollars per share) | $ 1.61 | |
January 4, 2021 [Member] | ||
Number of options issued (in shares) | 110,000 | |
Grant date | Jun. 10, 2020 | |
Dividend yield | 6.50% | |
Expected volatility | 30.00% | |
Risk free interest rate | 0.275% | |
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) | $ 4.92 | |
Fair value per option (in dollars per share) | $ 0.56 |
Note 13 - Stock-based Compens_6
Note 13 - Stock-based Compensation - Stock Option Compensation (Details) - USD ($) | 3 Months Ended | |
Jun. 27, 2021 | Jun. 28, 2020 | |
Allocated Share Based Compensation Expense | $ 132,000 | $ 86,000 |
Share-based Payment Arrangement, Option [Member] | ||
Allocated Share Based Compensation Expense | 33,000 | 15,000 |
Share-based Payment Arrangement, Option [Member] | Cost of Sales [Member] | ||
Allocated Share Based Compensation Expense | 9,000 | 6,000 |
Share-based Payment Arrangement, Option [Member] | Marketing and Administrative Expenses [Member] | ||
Allocated Share Based Compensation Expense | 24,000 | 9,000 |
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2019 [Member] | ||
Allocated Share Based Compensation Expense | 0 | 6,000 |
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2019 [Member] | Cost of Sales [Member] | ||
Allocated Share Based Compensation Expense | 0 | 3,000 |
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2019 [Member] | Marketing and Administrative Expenses [Member] | ||
Allocated Share Based Compensation Expense | 0 | 3,000 |
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2020 [Member] | ||
Allocated Share Based Compensation Expense | 7,000 | 8,000 |
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2020 [Member] | Cost of Sales [Member] | ||
Allocated Share Based Compensation Expense | 3,000 | 3,000 |
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2020 [Member] | Marketing and Administrative Expenses [Member] | ||
Allocated Share Based Compensation Expense | 4,000 | 5,000 |
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2021 [Member] | ||
Allocated Share Based Compensation Expense | 20,000 | 1,000 |
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2021 [Member] | Cost of Sales [Member] | ||
Allocated Share Based Compensation Expense | 4,000 | 0 |
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2021 [Member] | Marketing and Administrative Expenses [Member] | ||
Allocated Share Based Compensation Expense | 16,000 | 1,000 |
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2022 [Member] | ||
Allocated Share Based Compensation Expense | 6,000 | 0 |
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2022 [Member] | Cost of Sales [Member] | ||
Allocated Share Based Compensation Expense | 2,000 | 0 |
Share-based Payment Arrangement, Option [Member] | Fiscal Year 2022 [Member] | Marketing and Administrative Expenses [Member] | ||
Allocated Share Based Compensation Expense | 4,000 | 0 |
Non-vested Stock Grants [Member] | Selling, General and Administrative Expenses [Member] | ||
Allocated Share Based Compensation Expense | 99,000 | 71,000 |
Non-vested Stock Grants [Member] | Selling, General and Administrative Expenses [Member] | Employee [Member] | ||
Allocated Share Based Compensation Expense | 39,000 | 22,000 |
Non-vested Stock Grants [Member] | Selling, General and Administrative Expenses [Member] | Non Employee Directors [Member] | ||
Allocated Share Based Compensation Expense | 60,000 | 49,000 |
Non-vested Stock Grants [Member] | Fiscal Year 2019 [Member] | Selling, General and Administrative Expenses [Member] | ||
Allocated Share Based Compensation Expense | 0 | 37,000 |
Non-vested Stock Grants [Member] | Fiscal Year 2019 [Member] | Selling, General and Administrative Expenses [Member] | Employee [Member] | ||
Allocated Share Based Compensation Expense | 0 | 18,000 |
Non-vested Stock Grants [Member] | Fiscal Year 2019 [Member] | Selling, General and Administrative Expenses [Member] | Non Employee Directors [Member] | ||
Allocated Share Based Compensation Expense | 0 | 19,000 |
Non-vested Stock Grants [Member] | Fiscal Year 2020 [Member] | Selling, General and Administrative Expenses [Member] | ||
Allocated Share Based Compensation Expense | 30,000 | 30,000 |
Non-vested Stock Grants [Member] | Fiscal Year 2020 [Member] | Selling, General and Administrative Expenses [Member] | Employee [Member] | ||
Allocated Share Based Compensation Expense | 0 | 0 |
Non-vested Stock Grants [Member] | Fiscal Year 2020 [Member] | Selling, General and Administrative Expenses [Member] | Non Employee Directors [Member] | ||
Allocated Share Based Compensation Expense | 30,000 | 30,000 |
Non-vested Stock Grants [Member] | Fiscal Year 2021 [Member] | Selling, General and Administrative Expenses [Member] | ||
Allocated Share Based Compensation Expense | 52,000 | 4,000 |
Non-vested Stock Grants [Member] | Fiscal Year 2021 [Member] | Selling, General and Administrative Expenses [Member] | Employee [Member] | ||
Allocated Share Based Compensation Expense | 22,000 | 4,000 |
Non-vested Stock Grants [Member] | Fiscal Year 2021 [Member] | Selling, General and Administrative Expenses [Member] | Non Employee Directors [Member] | ||
Allocated Share Based Compensation Expense | 30,000 | 0 |
Non-vested Stock Grants [Member] | Fiscal Year 2022 [Member] | Selling, General and Administrative Expenses [Member] | ||
Allocated Share Based Compensation Expense | 17,000 | 0 |
Non-vested Stock Grants [Member] | Fiscal Year 2022 [Member] | Selling, General and Administrative Expenses [Member] | Employee [Member] | ||
Allocated Share Based Compensation Expense | 17,000 | 0 |
Non-vested Stock Grants [Member] | Fiscal Year 2022 [Member] | Selling, General and Administrative Expenses [Member] | Non Employee Directors [Member] | ||
Allocated Share Based Compensation Expense | $ 0 | $ 0 |
Note 13 - Stock-based Compens_7
Note 13 - Stock-based Compensation - Non-vested Stock to Directors and Employees (Details) - Non-vested Stock Grants [Member] | 3 Months Ended |
Jun. 27, 2021$ / sharesshares | |
January 18, 2019 [Member] | Share-based Payment Arrangement, Employee [Member] | |
Number of Shares (in shares) | shares | 25,000 |
Fair Value Per Share (in dollars per share) | $ / shares | $ 5.86 |
June 10, 2020 [Member] | Share-based Payment Arrangement, Employee [Member] | |
Number of Shares (in shares) | shares | 20,000 |
Fair Value Per Share (in dollars per share) | $ / shares | $ 4.92 |
February 22, 2021 [Member] | Share-based Payment Arrangement, Employee [Member] | |
Number of Shares (in shares) | shares | 10,000 |
Fair Value Per Share (in dollars per share) | $ / shares | $ 7.60 |
June 9, 2021 [Member] | Share-based Payment Arrangement, Employee [Member] | |
Number of Shares (in shares) | shares | 25,000 |
Fair Value Per Share (in dollars per share) | $ / shares | $ 7.98 |
Non Employee Directors [Member] | August 12, 2020 [Member] | |
Number of Shares (in shares) | shares | 41,452 |
Fair Value Per Share (in dollars per share) | $ / shares | $ 5.79 |
Non Employee Directors [Member] | August 14, 2019 [Member] | |
Number of Shares (in shares) | shares | 46,512 |
Fair Value Per Share (in dollars per share) | $ / shares | $ 5.16 |
Non Employee Directors [Member] | August 8, 2018 [Member] | |
Number of Shares (in shares) | shares | 28,000 |
Fair Value Per Share (in dollars per share) | $ / shares | $ 5.43 |