Crown Crafts (CRWS) 10-Q 12 Feb 25 2025 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Dec. 29, 2024	Feb. 10, 2025
Document Information [Line Items]
Entity Central Index Key	0000025895
Entity Registrant Name	CROWN CRAFTS INC
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2025
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 29, 2024
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		10,393,741

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 29, 2024	Mar. 31, 2024
Current assets:
Cash and cash equivalents	$ 1,053	$ 829
Accounts receivable (net of allowances of $1,266 at December 29, 2024 and $1,486 at March 31, 2024):
Due from factor	21,749	18,584
Other	3,753	3,819
Inventory, Net	32,376	29,709
Prepaid expenses	2,908	1,883
Total current assets	61,839	54,824
Operating lease right of use assets	12,987	14,949
Property, plant and equipment - at cost:
Leasehold improvements	502	493
Machinery and equipment	5,722	5,062
Furniture and fixtures	477	477
Property, plant and equipment - gross	6,701	6,032
Less accumulated depreciation	4,877	4,376
Property, plant and equipment - net	1,824	1,656
Finite-lived intangible assets - at cost:
Customer relationships	8,174	8,174
Other finite-lived intangible assets	10,286	4,766
Finite-lived intangible assets - gross	18,460	12,940
Less accumulated amortization	10,640	10,068
Finite-lived intangible assets - net	7,820	2,872
Goodwill	13,255	7,926
Deferred income taxes	762	277
Other	254	202
Total Assets	98,741	82,706
Current liabilities:
Accounts payable	8,643	4,502
Accrued wages and benefits	1,194	813
Accrued royalties	1,272	290
Dividends payable	869	843
Operating lease liabilities, current	3,895	3,587
Other accrued liabilities	536	426
Current maturities of long-term debt	1,990	0
Total current liabilities	18,399	10,461
Non-current liabilities:
Long-term debt	18,870	8,112
Operating lease liabilities, noncurrent	9,923	12,138
Reserve for unrecognized tax liabilities	473	394
Total non-current liabilities	29,266	20,644
Shareholders' equity:
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at December 29, 2024 and March 31, 2024; Issued 13,299,402 shares at December 29, 2024 and 13,208,226 shares at March 31, 2024	132	132
Additional paid-in capital	58,459	57,888
Treasury stock - at cost - 2,905,661 shares at December 29, 2024 and 2,897,507 at March 31, 2024	(15,860)	(15,821)
Retained Earnings	8,345	9,402
Total shareholders' equity	51,076	51,601
Total Liabilities and Shareholders' Equity	$ 98,741	$ 82,706

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Dec. 29, 2024	Mar. 31, 2024
Allowance for doubtful accounts receivable	$ 1,266	$ 1,486
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)	13,299,402	13,208,226
Treasury stock, shares (in shares)	2,905,661	2,897,507

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 29, 2024	Dec. 31, 2023	Dec. 29, 2024	Dec. 31, 2023
Net sales	$ 23,351	$ 23,801	$ 64,023	$ 65,053
Cost of products sold	17,253	17,367	47,002	47,281
Gross profit	6,098	6,434	17,021	17,772
Marketing and administrative expenses	4,397	4,107	14,108	12,189
Income from operations	1,701	2,327	2,913	5,583
Other (expense) income:
Interest expense - net of interest income	(391)	(208)	(840)	(560)
Gain (loss) on sale or disposition of property, plant and equipment	(2)	58	(2)	58
Other - net	(33)	17	(55)	(9)
Income before income tax expense	1,275	2,194	2,016	5,072
Income tax expense	382	492	585	1,182
Net income	$ 893	$ 1,702	$ 1,431	$ 3,890
Weighted average shares outstanding:
Basic (in shares)	10,394	10,241	10,353	10,198
Effect of dilutive securities (in shares)	0	0	1	2
Diluted (in shares)	10,394	10,241	10,354	10,200
Earnings per share - basic and diluted (in dollars per share)	$ 0.09	$ 0.17	$ 0.14	$ 0.38

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Statements of Changes In Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Treasury Stock, Common [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balances (in shares) at Apr. 02, 2023	13,051,814	(2,897,507)
Balances at Apr. 02, 2023	$ 131	$ (15,821)	$ 57,126	$ 7,778	$ 49,214
Issuance of shares	0	0	0	0	0
Stock-based compensation	$ 0	$ 0	573	0	573
Acquisition of treasury stock (in shares)	0	0
Acquisition of treasury stock	$ 0	$ 0	0	0	0
Net income	0	0	0	3,890	3,890
Dividend declared on common stock	$ 0	$ 0	0	(2,452)	(2,452)
Issuance of shares (in shares)	86,412	0
Balances (in shares) at Dec. 31, 2023	13,138,226	(2,897,507)
Balances at Dec. 31, 2023	$ 131	$ (15,821)	57,699	9,216	51,225
Balances (in shares) at Oct. 01, 2023	13,138,226	(2,897,507)
Balances at Oct. 01, 2023	$ 131	$ (15,821)	57,509	8,334	50,153
Issuance of shares	0	0	0	0	0
Stock-based compensation	$ 0	$ 0	190	0	190
Acquisition of treasury stock (in shares)	0	0
Acquisition of treasury stock	$ 0	$ 0	0	0	0
Net income	0	0	0	1,702	1,702
Dividend declared on common stock	$ 0	$ 0	0	(820)	(820)
Balances (in shares) at Dec. 31, 2023	13,138,226	(2,897,507)
Balances at Dec. 31, 2023	$ 131	$ (15,821)	57,699	9,216	51,225
Balances (in shares) at Mar. 31, 2024	13,208,226	(2,897,507)
Balances at Mar. 31, 2024	$ 132	$ (15,821)	57,888	9,402	51,601
Issuance of shares	0	0	0	0	0
Stock-based compensation	$ 0	$ 0	571	0	571
Acquisition of treasury stock (in shares)	0	(8,154)
Acquisition of treasury stock	$ 0	$ (39)	0	0	(39)
Net income	0	0	0	1,431	1,431
Dividend declared on common stock	$ 0	$ 0	0	(2,488)	(2,488)
Issuance of shares (in shares)	91,176	0
Balances (in shares) at Dec. 29, 2024	13,299,402	(2,905,661)
Balances at Dec. 29, 2024	$ 132	$ (15,860)	58,459	8,345	51,076
Balances (in shares) at Sep. 29, 2024	13,299,402	(2,905,661)
Balances at Sep. 29, 2024	$ 132	$ (15,860)	58,279	8,284	50,835
Issuance of shares	0	0	0	0	0
Stock-based compensation	$ 0	$ 0	180	0	180
Acquisition of treasury stock (in shares)	0	0
Acquisition of treasury stock	$ 0	$ 0	0	0	0
Net income	0	0	0	893	893
Dividend declared on common stock	$ 0	$ 0	0	(832)	(832)
Issuance of shares (in shares)	0	0
Balances (in shares) at Dec. 29, 2024	13,299,402	(2,905,661)
Balances at Dec. 29, 2024	$ 132	$ (15,860)	$ 58,459	$ 8,345	$ 51,076

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Changes In Shareholders' Equity (Parentheticals) - $ / shares	3 Months Ended		9 Months Ended
	Dec. 29, 2024	Dec. 31, 2023	Dec. 29, 2024	Dec. 31, 2023
Dividends declared, per share (in dollars per share)	$ 0.08	$ 0.08	$ 0.24	$ 0.24

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Dec. 29, 2024	Dec. 31, 2023
Operating activities:
Net income	$ 1,431	$ 3,890
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant and equipment	501	647
Amortization of intangibles	574	451
Reduction in the carrying amount of right of use assets	3,458	3,208
Deferred income taxes	(485)	(1,106)
(Gain) loss on sale or disposition of property, plant and equipment	2	(58)
Reserve for unrecognized tax liabilities	79	56
Stock-based compensation	571	573
Changes in assets and liabilities:
Accounts receivable	665	765
Inventories	(678)	(1,112)
Prepaid expenses	(671)	(1,130)
Other assets	(52)	(14)
Lease liabilities	(3,330)	(2,497)
Accounts payable	3,528	(113)
Accrued liabilities	1,401	542
Net cash provided by operating activities	6,994	4,102
Cash used in investing activities:
Capital expenditures for property, plant and equipment	(659)	(662)
Proceeds from sale of property, plant and equipment	0	105
Payment to acquire Baby Boom	(16,355)	0
Aggregate adjustment from the Manhattan and MTE acquisition	0	488
Net cash used in investing activities	(17,014)	(69)
Financing activities:
Repayments under revolving line of credit	(59,774)	(55,099)
Borrowings under revolving line of credit	65,387	52,440
Shares withheld to pay taxes on stock compensation	(39)	0
Dividends paid	(2,461)	(2,433)
Net cash provided by (used in) financing activities	10,244	(5,092)
Net increase (decrease) in cash and cash equivalents	224	(1,059)
Cash and cash equivalents at beginning of period	829	1,742
Cash and cash equivalents at end of period	1,053	683
Supplemental cash flow information:
Income taxes paid	629	1,628
Interest paid	693	650
Noncash activities:
Property, plant and equipment purchased but unpaid	(12)	(9)
Dividends declared but unpaid	(869)	(833)
Term Loan [Member]
Financing activities:
Payments on term loan	(833)	0
Proceeds from term loan, net of issuance cost	$ 7,964	$ 0

Note 1- Interim Financial State

Note 1- Interim Financial Statements	9 Months Ended
	Dec. 29, 2024
Notes to Financial Statements
Significant Accounting Policies [Text Block]	CROWN CRAFTS, INC. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE- AND NINE-MONTH PERIODS ENDED DECEMBER 29, 2024 DECEMBER 31, 2023 Note 1 Interim Financial Statements Basis of Presentation: not In the opinion of the Company’s management, the unaudited condensed consolidated financial statements contained herein include all adjustments necessary to present fairly the financial position of the Company as of December 29, 2024 three nine December 29, 2024 not may March 30, 2025. March 31, 2024, 10 Fiscal Year: March 31. 2025” “2025” 52 March 30, 2025 2024” “2024” 52 March 31, 2024. Recently-Issued Accounting Standards: November 2023, No. 2023 07, Segment Reporting (Topic 280 Improvements to Reportable Segment Disclosures No. 2023 07 December 15, 2023 December 15, 2024, No. 2023 07 No. 2023 07 In December 2023, No. 2023 09, Income Taxes (Topic 740 Improvements to Income Tax Disclosures No. 2023 09 December 15, 2024 No. 2023 09 In November 2024, No. 2024 03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220 40 Disaggregation of Income Statement Expenses, No. 2024 03 December 15, 2026, December 15, 2027, No. 2024 03 The Company has determined that all other ASUs issued which had become effective as of December 29, 2024, not

Note 2 - Advertising Costs

Note 2 - Advertising Costs	9 Months Ended
	Dec. 29, 2024
Notes to Financial Statements
Advertising Costs [Text Block]	Note 2 Advertising Costs Advertising expense is included in marketing and administrative expenses in the accompanying unaudited condensed consolidated statements of income and amounted to $151,000 and $267,000 for the three December 29, 2024 December 31, 2023, nine December 29, 2024 December 31, 2023,

Note 3 - Segment and Related In

Note 3 - Segment and Related Information	9 Months Ended
	Dec. 29, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 3 Segment and Related Information The Company operates primarily in one three nine December 29, 2024 December 31, 2023 Three-Month Periods Ended Nine-Month Periods Ended December 29, 2024 December 31, 2023 December 29, 2024 December 31, 2023 Bedding and diaper bags $ 11,184 $ 8,996 $ 29,431 $ 24,345 Bibs, toys and disposable products 12,167 14,805 34,592 40,708 Total net sales $ 23,351 $ 23,801 $ 64,023 $ 65,053

Note 4 - Licensing Agreements

Note 4 - Licensing Agreements	9 Months Ended
	Dec. 29, 2024
Notes to Financial Statements
Licensing Agreements [Text Block]	Note 4 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 $1.7 million and $1.3 million for the three December 29, 2024 December 31, 2023, nine December 29, 2024 December 31, 2023,

Note 5 - Income Taxes

Note 5 - Income Taxes	9 Months Ended
	Dec. 29, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 5 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 examination or other adjustment as of December 29, 2024 March 31, 2024, April 2, 2023, April 3, 2022, March 28, 2021, March 29, 2020. Although management believes that the calculations and positions taken on its filed income tax returns are reasonable and justifiable, the outcome of an examination could result in an adjustment to the position that the Company took on such income tax returns. Such adjustment could also lead to adjustments to one not

Note 6 - Inventories

Note 6 - Inventories	9 Months Ended
	Dec. 29, 2024
Notes to Financial Statements
Inventory Disclosure [Text Block]	Note 6 Inventories As of December 29, 2024 March 31, 2024,

Note 7 - Acquisition

Note 7 - Acquisition	9 Months Ended
	Dec. 29, 2024
Notes to Financial Statements
Business Combination Disclosure [Text Block]	Note 7 Acquisition On July 19, 2024 ( The Acquisition has been accounted for in accordance with FASB ASC Topic 805, Business Combinations third not The acquisition cost paid on the Closing Date amounted to $16.4 million, which included an estimate for the net working capital adjustment. The following table represents the Company’s preliminary allocation of the acquisition cost (in thousands) to the identifiable assets acquired and the liabilities assumed based on their respective estimated fair values as of the Closing Date. The excess of the acquisition cost over the estimated fair value of the identifiable net assets acquired is reflected as goodwill. Tangible assets: Accounts receivable 3,764 Inventories 1,989 Prepaid expenses and other current assets 354 Total tangible assets 6,107 Amortizable intangible assets: Tradename 420 Licensing relationships 5,100 Total amortizable intangible assets 5,520 Goodwill 5,329 Total acquired assets 16,956 Liabilities assumed: Accounts payable 601 Total liabilities assumed 601 Net acquisition cost $ 16,355 The Company expects to complete the acquisition cost allocation during the 12 may Based upon the preliminary allocation of the acquisition cost, the Company recognized $5.3 million of goodwill as of the Closing Date, the entirety of which was assigned to the reporting unit of the Company that produces and markets infant and toddler bedding and diaper bags, and the entirety of which is expected to be deductible for income tax purposes. The goodwill recognized primarily consists of synergies expected from combining operations of Baby Boom and the Company and intangible assets acquired that do not three December 29, 2024, The assets acquired in the Acquisition generated net sales of $3.8 million of bedding and diaper bag products for the three December 29, 2024, December 29, 2024. three nine December 29, 2024, The Company has determined, on a pro forma basis, that the combined net sales and the combined net income of the Company and Baby Boom, giving effect to the Acquisition as if it had been completed on April 3, 2023, nine December 29, 2024. three December 31, 2023, nine December 31, 2023. not may may

Note 8 - Financing Arrangements

Note 8 - Financing Arrangements	9 Months Ended
	Dec. 29, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 8 Financing Arrangements Factoring Agreements: not may may three December 29, 2024 December 31, 2023, nine December 29, 2024 December 31, 2023, Credit Facility: may first December 29, 2024, At December 29, 2024 March 31, 2024, The Company’s credit facility as of December 29, 2024 July 19, 2024, December 29, 2024). December 29, 2024 On January 2, 2025, September 29, 2024 December 29, 2024. 50% may Credit Concentration: December 29, 2024 March 31, 2024

Note 9 - Goodwill

Note 9 - Goodwill	9 Months Ended
	Dec. 29, 2024
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 first not 50% first not not On April 1, 2024, not not

Note 10 - Concentrations

Note 10 - Concentrations	9 Months Ended
	Dec. 29, 2024
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	Note 10 Concentrations Product Sourcing: may third The Company maintains foreign representative offices located in Shanghai and Shenzhen, China, which are responsible for the coordination of production, purchases and shipments, seeking out new vendors and overseeing inspections for social compliance and quality. No 10% Licensed Products: one three may may not 2024, License Agreement Expiration Infant Bedding March 31, 2025 Infant Feeding and Bath December 31, 2025 Toddler Bedding March 31, 2025 Marvel March 31, 2025 STAR WARS Toddler Bedding March 31, 2025 STAR WARS - Lego Plush December 31, 2025 The Company is currently negotiating with Disney with respect to the licenses set to terminate on March 31, 2025, Customers: not 10% nine December 29, 2024. 2025 Walmart Inc. 44 % Amazon.com, Inc. 18 %

Note 11 - Subsequent Events

Note 11 - Subsequent Events	9 Months Ended
	Dec. 29, 2024
Notes to Financial Statements
Subsequent Events [Text Block]	Note 11 Subsequent Events On February 10, 2025, March 30, 2025, March 29, 2026, 50% The Company has evaluated all other events which have occurred between December 29, 2024, no

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 29, 2024
Insider Trading Arr Line Items
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Note 3 - Segment and Related _2

Note 3 - Segment and Related Information (Tables)	9 Months Ended
	Dec. 29, 2024
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three-Month Periods Ended Nine-Month Periods Ended December 29, 2024 December 31, 2023 December 29, 2024 December 31, 2023 Bedding and diaper bags $ 11,184 $ 8,996 $ 29,431 $ 24,345 Bibs, toys and disposable products 12,167 14,805 34,592 40,708 Total net sales $ 23,351 $ 23,801 $ 64,023 $ 65,053

Note 7 - Acquisition (Tables)

Note 7 - Acquisition (Tables)	9 Months Ended
	Dec. 29, 2024
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Tangible assets: Accounts receivable 3,764 Inventories 1,989 Prepaid expenses and other current assets 354 Total tangible assets 6,107 Amortizable intangible assets: Tradename 420 Licensing relationships 5,100 Total amortizable intangible assets 5,520 Goodwill 5,329 Total acquired assets 16,956 Liabilities assumed: Accounts payable 601 Total liabilities assumed 601 Net acquisition cost $ 16,355

Note 10 - Concentrations (Table

Note 10 - Concentrations (Tables)	9 Months Ended
	Dec. 29, 2024
Notes Tables
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]	2025 Walmart Inc. 44 % Amazon.com, Inc. 18 %

Note 2 - Advertising Costs (Det

Note 2 - Advertising Costs (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 29, 2024	Dec. 31, 2023	Dec. 29, 2024	Dec. 31, 2023
Advertising Expense	$ 151,000	$ 267,000	$ 411,000	$ 631,000

Note 3 - Segment and Related _3

Note 3 - Segment and Related Information (Details Textual)	9 Months Ended
	Dec. 29, 2024
Number of Operating Segments	1

Note 3 - Segment and Related _4

Note 3 - Segment and Related Information - Segment and Related Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 29, 2024	Dec. 31, 2023	Dec. 29, 2024	Dec. 31, 2023
Net sales	$ 23,351	$ 23,801	$ 64,023	$ 65,053
Bedding, Blankets, And Accessories [Member]
Net sales	11,184	8,996	29,431	24,345
Bibs, Bath, Developmental Toy, Feeding, Baby Care and Disposable Products [Member]
Net sales	$ 12,167	$ 14,805	$ 34,592	$ 40,708

Note 4 - Licensing Agreements (

Note 4 - Licensing Agreements (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 29, 2024	Dec. 31, 2023	Dec. 29, 2024	Dec. 31, 2023
Cost of Goods and Services Sold	$ 17,253	$ 17,367	$ 47,002	$ 47,281
Royalty [Member]
Cost of Goods and Services Sold	$ 1,700	$ 1,300	$ 4,500	$ 3,800

Note 6 - Inventories (Details T

Note 6 - Inventories (Details Textual) - USD ($) $ in Thousands	Dec. 29, 2024	Mar. 31, 2024
Inventory, Net	$ 32,376	$ 29,709

Note 7 - Acquisition (Details T

Note 7 - Acquisition (Details Textual) - USD ($)		3 Months Ended		5 Months Ended	9 Months Ended
	Jul. 19, 2024	Dec. 29, 2024	Dec. 31, 2023	Dec. 29, 2024	Dec. 29, 2024	Dec. 31, 2023	Mar. 31, 2024
Goodwill		$ 13,255,000		$ 13,255,000	$ 13,255,000		$ 7,926,000
Amortization of Intangible Assets					574,000	$ 451,000
Baby Boom [Member]
Business Combination, Consideration Transferred	$ 18,000,000
Business Combination, Net Working Capital Adjustments	6,500,000
Business Combination, Consideration Transferred, Including Net Working Capital Adjustment	16,400,000
Goodwill	$ 5,329,000
Goodwill, Measurement Period Adjustment		10,000
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual		3,800,000		$ 7,200,000
Amortization of Intangible Assets		$ 99,000			164,000
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)	14 years
Business Acquisition, Pro Forma Revenue			$ 29,300,000		69,100,000	81,700,000
Business Acquisition, Pro Forma Net Income (Loss)			$ 1,700,000		$ 2,000,000	$ 3,900,000
Baby Boom [Member] | Trade Names [Member]
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)	15 years
Baby Boom [Member] | Customer and Licensing Relationships [Member]
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)	14 years
Baby Boom [Member] | Term Loan [Member]
Proceeds from Issuance of Debt	$ 8,000,000

Note 7 - Acquisition - Estimate

Note 7 - Acquisition - Estimated Fair Value of Identifiable Net Assets (Details) - USD ($) $ in Thousands	Dec. 29, 2024	Jul. 19, 2024	Mar. 31, 2024
Goodwill	$ 13,255		$ 7,926
Baby Boom [Member]
Accounts receivable		$ 3,764
Inventories		1,989
Prepaid expenses and other current assets		354
Total tangible assets		6,107
Amortizable intangible assets		5,520
Goodwill		5,329
Total acquired assets		16,956
Accounts payable		601
Total liabilities assumed		601
Net acquisition cost		16,355
Baby Boom [Member] | Trade Names [Member]
Amortizable intangible assets		420
Baby Boom [Member] | Licensing Agreements [Member]
Amortizable intangible assets		$ 5,100

Note 8 - Financing Arrangemen_2

Note 8 - Financing Arrangements (Details Textual)		3 Months Ended		9 Months Ended
	Jul. 19, 2024 USD ($)	Dec. 29, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 29, 2024 USD ($)	Dec. 31, 2023 USD ($)	Feb. 11, 2025 USD ($)	Jan. 02, 2025 USD ($)	Sep. 29, 2024 USD ($)	Mar. 31, 2024 USD ($)
Selling, General and Administrative Expense		$ 4,397,000	$ 4,107,000	$ 14,108,000	$ 12,189,000
Long-Term Line of Credit		13,700,000		13,700,000					$ 8,100,000
Letters of Credit Outstanding, Amount		0		0
Line of Credit Facility, Remaining Borrowing Capacity		15,300,000		15,300,000					19,200,000
Long-Term Debt, Current Maturities		1,990,000		1,990,000					0
Accounts Receivable, after Allowance for Credit Loss, Current		25,500,000		25,500,000					22,400,000
Accounts Receivable, Allowance for Credit Loss, Current		1,300,000		1,300,000					1,500,000
Receivable Due from Factor [Member]
Accounts Receivable, after Allowance for Credit Loss, Current		$ 21,700,000		$ 21,700,000					$ 18,600,000
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 40,000,000
Revolving Credit Facility [Member] | Prime Rate [Member]
Debt Instrument Basis Spread Below Variable Rate	0.50%
Debt Instrument, Interest Received on Daily Negative Balances, Basis Spread Below Variable Rate	2%
Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.60%
Debt Instrument, Interest Rate, Effective Percentage		6.10%		6.10%
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,500,000
Term Loan [Member]
Long-Term Debt		$ 7,200,000		$ 7,200,000
Debt Instrument, Face Amount	$ 8,000,000							$ 8,000,000
Debt Instrument, Interest Rate, Effective Percentage		6.70%		6.70%
Debt Instrument, Number of Monthly Installments								48
Long-Term Debt, Current Maturities		$ 2,000,000		$ 2,000,000
Term Loan [Member] | Subsequent Event [Member]
Debt Instrument, Covenant, Excess Availability						$ 7,500,000	$ 7,000,000
Term Loan [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Factoring Agreements [Member]
Long-Term Debt		0		0
Selling, General and Administrative Expense		$ 115,000	$ 106,000	$ 283,000	$ 265,000

Note 9 - Goodwill (Details Text

Note 9 - Goodwill (Details Textual)	9 Months Ended
	Dec. 29, 2024
Number of Reporting Units	2

Note 10 - Concentrations (Detai

Note 10 - Concentrations (Details Textual) - Product Concentration Risk [Member] - Revenue Benchmark [Member]	12 Months Ended
	Mar. 31, 2024
Licensed Products [Member]
Concentration Risk, Percentage	40%
Licensed Sales Agreements With Affiliated Companies of The Walt Disney [Member]
Concentration Risk, Percentage	24%

Note 10 - Concentrations - Summ

Note 10 - Concentrations - Summary of Major Customers (Details) - Customer Concentration Risk [Member] - Revenue Benchmark [Member]	9 Months Ended
	Dec. 29, 2024
Wal-Mart Stores, Inc. [Member]
Sales, percent	44%
Amazon.com, Inc. [Member]
Sales, percent	18%

Note 11 - Subsequent Events (De

Note 11 - Subsequent Events (Details Textual) - USD ($)	Feb. 11, 2025	Jan. 02, 2025
Subsequent Event [Member] | Term Loan [Member]
Debt Instrument, Covenant, Excess Availability	$ 7,500,000	$ 7,000,000