Escalade (ESCA) 10-Q 31 Oct 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 05, 2019	Oct. 28, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 5, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Registrant Name	ESCALADE INC
Entity Central Index Key	0000033488
Current Fiscal Year End Date	--12-29
Entity Filer Category	Accelerated Filer
Trading Symbol	ESCA
Entity Common Stock, Shares Outstanding		14,265,040
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Small Business	true

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 05, 2019	Dec. 29, 2018	Oct. 06, 2018
Current Assets:
Cash and cash equivalents	$ 5,226	$ 2,824	$ 11,121
Receivables, less allowance of $519; $532; and $516; respectively	35,592	40,682	36,522
Inventories	48,424	39,122	45,660
Prepaid expenses	2,696	4,151	2,982
Prepaid income tax	1,613	1,082	0
Other current assets	0	2	12
TOTAL CURRENT ASSETS	93,551	87,863	96,297
Property, plant and equipment, net	15,207	15,498	13,367
Operating lease right-of-use assets	1,242	0	0
Intangible assets, net	19,181	19,785	18,624
Goodwill	26,749	26,381	21,548
Other assets	86	0	0
TOTAL ASSETS	156,016	149,527	149,836
Current Liabilities:
Note payable	135	0	0
Trade accounts payable	9,947	5,631	9,465
Accrued liabilities	8,819	11,072	9,859
Income tax payable	0	0	1,120
Current operating lease liabilities	689	0	0
TOTAL CURRENT LIABILITIES	19,590	16,703	20,444
Other Liabilities:
Long-term debt	5,221	0	0
Deferred income tax liability	3,409	3,409	2,469
Operating lease liabilities	575	0	0
Other liabilities	1,094	1,094	503
TOTAL LIABILITIES	29,889	21,206	23,416
Stockholders' Equity:
Preferred stock: Authorized 1,000,000 shares; no par value, none issued
Common stock:Authorized 30,000,000 shares; no par value, issued and outstanding - 14,291,347; 14,438,824; and 14,439,724; shares respectively	14,291	14,439	14,440
Retained earnings	111,836	113,882	111,980
TOTAL STOCKHOLDERS' EQUITY	126,127	128,321	126,420
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 156,016	$ 149,527	$ 149,836

CONSOLIDATED CONDENSED BALANC_2

CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Oct. 05, 2019	Dec. 29, 2018	Oct. 06, 2018
CONSOLIDATED CONDENSED BALANCE SHEETS
Receivables allowance (in dollars)	$ 519	$ 532	$ 516
Preferred stock, shares authorized	1,000,000	1,000,000	1,000,000
Preferred stock, shares issued	0	0	0
Common stock,Par value	$ 0	$ 0	$ 0
Common stock, shares authorized	30,000,000	30,000,000	30,000,000
Common stock, shares issued	14,291,347	14,438,824	14,439,724
Common stock, shares outstanding	14,291,347	14,438,824	14,439,724

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 05, 2019	Oct. 06, 2018	Oct. 05, 2019	Oct. 06, 2018
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
Net sales	$ 45,756	$ 43,955	$ 133,497	$ 124,788
Costs and Expenses
Cost of products sold	35,717	31,646	102,022	91,994
Selling, administrative and general expenses	6,793	6,856	24,576	22,927
Amortization	347	319	1,135	1,067
Operating Income	2,899	5,134	5,764	8,800
Other Income (Expense)
Interest expense	(96)	(35)	(295)	(390)
Equity in earnings of affiliates	0	0	0	121
Gain on sale of equity method investment (includes ($3,729) of accumulated other comprehensive loss reclassification from foreign currency translation adjustment)	0	0	0	13,020
Other income (expense)	3	7	12	(92)
Income Before Income Taxes	2,806	5,106	5,481	21,459
Provision for Income Taxes	266	1,531	798	4,597
Net Income	$ 2,540	$ 3,575	$ 4,683	$ 16,862
Earnings Per Share Data:
Basic earnings per share	$ 0.18	$ 0.25	$ 0.32	$ 1.17
Diluted earnings per share	0.18	0.25	0.32	1.17
Dividends declared	$ 0.125	$ 0.125	$ 0.375	$ 0.375

CONSOLIDATED CONDENSED STATEM_2

CONSOLIDATED CONDENSED STATEMENT OF OPERATIONS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 05, 2019	Oct. 05, 2019	Oct. 06, 2018
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	$ 0	$ 0	$ (3,729)

CONSOLIDATED CONDENSED STATEM_3

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 05, 2019	Oct. 06, 2018	Oct. 05, 2019	Oct. 06, 2018
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
Net Income	$ 2,540	$ 3,575	$ 4,683	$ 16,862
Foreign currency translation adjustment before reclassification	0		0	(1,119)
Amounts reclassified from comprehensive income due to divestiture of equity investment	0		0	3,729
Comprehensive Income	$ 2,540	$ 3,575	$ 4,683	$ 19,472

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)	Common Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Dec. 30, 2017	$ 14,372,000	$ 99,908,000	$ (2,610,000)	$ 111,670,000
Balance (in shares) at Dec. 30, 2017	14,372
Other comprehensive income (loss)			2,610,000	2,610,000
Net income		16,862,000	0	16,862,000
Expense of stock options and restricted stock units		469,000	0	469,000
Exercise of stock options	$ 9,000	45,000	0	54,000
Exercise of stock options (in shares)	9
Settlement of restricted stock units	$ 47,000	(47,000)	0	0
Settlement of restricted stock units (in shares)	47
Dividends declared		(5,410,000)	0	(5,410,000)
Stock issued to directors as compensation	$ 12,000	153,000	0	165,000
Stock issued to directors as compensation (in shares)	12
Balance at Oct. 06, 2018	$ 14,440,000	111,980,000	0	126,420,000
Balance (in shares) at Oct. 06, 2018	14,440
Balance at Jul. 14, 2018	$ 14,440,000	110,112,000	0	124,552,000
Balance (in shares) at Jul. 14, 2018	14,440
Other comprehensive income (loss)			0	0
Net income		3,575,000	0	3,575,000
Expense of stock options and restricted stock units		99,000	0	99,000
Dividends declared		(1,806,000)	0	(1,806,000)
Balance at Oct. 06, 2018	$ 14,440,000	111,980,000	0	126,420,000
Balance (in shares) at Oct. 06, 2018	14,440
Balance at Dec. 29, 2018	$ 14,439,000	113,882,000	0	128,321,000
Balance (in shares) at Dec. 29, 2018	14,439
Other comprehensive income (loss)	$ 0	0	0	0
Net income		4,683,000	0	4,683,000
Expense of stock options and restricted stock units		409,000	0	409,000
Exercise of stock options	$ 10,000	108,000	0	118,000
Exercise of stock options (in shares)	10
Settlement of restricted stock units	$ 25,000	(25,000)	0	0
Settlement of restricted stock units (in shares)	25
Dividends declared		(5,423,000)	0	(5,423,000)
Purchase of stock	$ (192,000)	(1,891,000)	0	(2,083,000)
Purchase of stock (in shares)	(192)
Stock issued to directors as compensation	$ 9,000	93,000	0	102,000
Stock issued to directors as compensation (in shares)	9
Balance at Oct. 05, 2019	$ 14,291,000	111,836,000	0	126,127,000
Balance (in shares) at Oct. 05, 2019	14,291
Balance at Jul. 13, 2019	$ 14,468,000	112,775,000	0	127,243,000
Balance (in shares) at Jul. 13, 2019	14,468
Other comprehensive income (loss)	$ 0	0	0	0
Net income	0	2,540,000	0	2,540,000
Expense of stock options and restricted stock units		68,000	0	68,000
Dividends declared		(1,805,000)	0	(1,805,000)
Purchase of stock	$ (177,000)	(1,742,000)	0	(1,919,000)
Purchase of stock (in shares)	(177)
Balance at Oct. 05, 2019	$ 14,291,000	$ 111,836,000	$ 0	$ 126,127,000
Balance (in shares) at Oct. 05, 2019	14,291

CONSOLIDATED CONDENSED STATEM_4

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 05, 2019	Oct. 06, 2018
Operating Activities:
Net income	$ 4,683	$ 16,862
Depreciation and amortization	3,266	3,056
Loss on disposal of property and equipment	6	0
Stock-based compensation	409	468
Gain on sale of equity method investment	0	(13,020)
Gain on insurance proceeds received for damage to property		(241)
Dividends received from equity method investments		2,323
Adjustments necessary to reconcile net income to net cash provided by operating activities	(1,176)	(4,464)
Changes in
Net cash provided by operating activities	7,188	4,984
Investing Activities:
Purchase of property and equipment	(1,849)	(1,846)
Acquisitions	(765)	0
Proceeds from sale of equity investment		33,705
Insurance proceeds received for damage to property		1,018
Proceeds from sale of property and equipment	4	0
Net cash provided (used) by investing activities	(2,610)	32,877
Financing Activities:
Proceeds from issuance of long-term debt	65,191	21,873
Payments on long-term debt	(59,969)	(44,994)
Proceeds from exercise of stock options	118	54
Deferred financing fees	(112)	0
Purchase of stock	(2,083)	0
Cash dividends paid	(5,423)	(5,410)
Director stock compensation	102	165
Net cash provided (used) by financing activities	(2,176)	(28,312)
Net increase in cash and cash equivalents	2,402	9,549
Cash and cash equivalents, beginning of period	2,824	1,572
Cash and cash equivalents, end of period	5,226	11,121
Non-Cash Transactions
Note payable for deferred purchase price obligation	$ 135	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 05, 2019
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note A – Summary of Significant Accounting Policies Presentation of Consolidated Condensed Financial Statements – The significant accounting policies followed by the Company and its wholly owned subsidiaries for interim financial reporting are consistent with the accounting policies followed for its annual financial reporting. All adjustments that are of a normal recurring nature and are in the opinion of management necessary for a fair statement of the results for the periods reported have been included in the accompanying consolidated condensed financial statements. The consolidated condensed balance sheet of the Company as of December 29, 2018 has been derived from the audited consolidated balance sheet of the Company as of that date. Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted. These consolidated condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Form 10‑K annual report for 2018 filed with the Securities and Exchange Commission.

Seasonal Aspects

Seasonal Aspects	9 Months Ended
	Oct. 05, 2019
Seasonal Aspects
Seasonal Aspects	Note B – Seasonal Aspects The results of operations for the three and nine month periods ended October 5, 2019 and October 6, 2018 are not necessarily indicative of the results to be expected for the full year.

Inventories

Inventories	9 Months Ended
	Oct. 05, 2019
Inventories
Inventories	Note C – Inventories October 5, December 29, October 6, In thousands 2019 2018 2018 Raw materials $ 3,860 $ 3,622 $ 3,760 Work in progress 2,410 2,892 3,051 Finished goods 42,154 32,608 38,849 $ 48,424 $ 39,122 $ 45,660

Equity Interest Investments

Equity Interest Investments	9 Months Ended
	Oct. 05, 2019
Equity Interest Investments
Equity Interest Investments	Note D – Equity Interest Investments The Company had a 50% interest in a joint venture, Stiga Sports AB (Stiga). The joint venture was accounted for under the equity method of accounting. Stiga, located in Sweden, is a global sporting goods company producing table tennis equipment, snow sleds, and game products. The Company entered into a share purchase agreement for the private sale of the Company’s 50% interest in the Stiga joint venture. On May 17, 2018, the Company completed the sale of its 50% interest for $33.7 million, resulting in a gain on sale of $13.0 million. In conjunction with the sale, the Company entered into a new license agreement with Stiga for the licensing rights to manufacture, market, promote, sell and distribute Stiga-branded table tennis hobby products in the United States, Mexico and Canada. The Company has had the licensing rights for such products since 1995 pursuant to an existing license agreement that expired December 31, 2018. The new license agreement went into effect on January 1, 2019. Financial information for Stiga reflected in the table below has been translated from local currency to U.S. dollars using exchange rates in effect at the respective period-end for balance sheet amounts and using average exchange rates for income statement amounts. The Company’s 50% portion of net income for Stiga, included in equity in earnings of affiliates on the Company’s statements of operations, is as follows: Three Months Ended Period from December 31, In thousands October 6, 2018 2017 through May 17, 2018 Equity in earnings of affiliates $ — $ 121 Summarized financial information for Stiga Sports AB statements of operations for the three month period ended October 6, 2018 and the period from December 31, 2017 through May 17, 2018 is as follows: Three Months Period from Ended December 31, October 6, 2017 through In thousands 2018 May 17, 2018 Net sales $ — $ 12,978 Gross profit — 6,019 Net income — 241

Income Taxes

Income Taxes	9 Months Ended
	Oct. 05, 2019
Income Taxes
Income Taxes	Note E – Income Taxes The provision for income taxes was computed based on financial statement income.

Fair Values of Financial Instru

Fair Values of Financial Instruments	9 Months Ended
	Oct. 05, 2019
Fair Values of Financial Instruments
Fair Values of Financial Instruments	Note F – Fair Values of Financial Instruments The following methods were used to estimate the fair value of all financial instruments recognized in the accompanying balance sheets at amounts other than fair values. Cash and Cash Equivalents Fair values of cash and cash equivalents approximate cost due to the short period of time to maturity. Long-term Debt Fair values of long-term debt is estimated based on borrowing rates currently available to the Company for bank loans with similar terms and maturities and determined through the use of a discounted cash flow model. Proceeds from the sale of the Company’s 50% interest in Stiga were used to pay off outstanding debt during the nine months ending October 6, 2018. The following table presents estimated fair values of the Company’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall in accordance with FASB ASC 825 at October 5, 2019, December 29, 2018 and October 6, 2018. Fair Value Measurements Using Quoted Prices in Significant Active Markets Significant Other Unobservable October 5, 2019 Carrying for Identical Observable Inputs Inputs In thousands Amount Assets (Level 1) (Level 2) (Level 3) Financial assets Cash and cash equivalents $ 5,226 $ 5,226 $ — $ — Financial liabilities Long-term debt $ 5,221 $ — $ 5,221 $ — Fair Value Measurements Using Quoted Prices in Significant Active Markets Significant Other Unobservable December 29, 2018 Carrying for Identical Observable Inputs Inputs In thousands Amount Assets (Level 1) (Level 2) (Level 3) Financial assets Cash and cash equivalents $ 2,824 $ 2,824 $ — $ — Fair Value Measurements Using Quoted Prices in Significant Active Markets Significant Other Unobservable October 6, 2018 Carrying for Identical Observable Inputs Inputs In thousands Amount Assets (Level 1) (Level 2) (Level 3) Financial assets Cash and cash equivalents $ 11,121 $ 11,121 $ — $ —

Stock Compensation

Stock Compensation	9 Months Ended
	Oct. 05, 2019
Stock Compensation
Stock Compensation	Note G – Stock Compensation The fair value of stock-based compensation is recognized in accordance with the provisions of FASB ASC 718, Stock Compensation . During the nine months ended October 5, 2019 and pursuant to the 2017 Incentive Plan, in lieu of cash payments of director fees, the Company awarded to certain directors 8,839 shares of common stock. During the nine months ended October 5, 2019, the Company awarded 11,400 restricted stock units to directors and 35,900 restricted stock units to employees. The restricted stock units awarded to directors time vest over two years (one-half one year from grant date and one-half two years from grant date) provided that the director is still a director of the Company at the vesting date. Director restricted stock units are subject to forfeiture, except for termination of services as a result of retirement, death or disability, if on the vesting date the director no longer holds a position with the Company. The 2019 restricted stock units awarded to employees are subject to a three year cliff vesting schedule, which means that these restricted stock units will fully vest, if at all, three years from the grant date provided that the employee is still employed by the Company on the vesting date. In addition, vesting of certain of the restricted stock units is subject to the Company meeting certain conditions based on Return on Equity and Adjusted EBITDA. For the three and nine months ended October 5, 2019, including expense associated with issuing certain directors stock in lieu of cash for certain director fees, the Company recognized stock based compensation expense of $68 thousand and $511 thousand, respectively compared to stock based compensation expense of $98 thousand and $633 thousand for the same periods in the prior year. At October 5, 2019 and October 6, 2018, respectively, there was $0.8 million and $0.7 million in unrecognized stock-based compensation expense related to non-vested stock awards.

Segment Information

Segment Information	9 Months Ended
	Oct. 05, 2019
Segment Information
Segment Information	Note H – Segment Information For the Three Months Ended October 5, 2019 In thousands Sporting Goods Corp. Total Revenues from external customers $ 45,756 $ — $ 45,756 Operating income (loss) 3,223 (324) 2,899 Net income 2,269 271 2,540 As of and for the Nine Months Ended October 5, 2019 In thousands Sporting Goods Corp. Total Revenues from external customers $ 133,497 $ — $ 133,497 Operating income (loss) 7,001 (1,237) 5,764 Net income (loss) 4,871 (188) 4,683 Total assets $ 148,664 $ 7,352 $ 156,016 For the Three Months Ended October 6, 2018 In thousands Sporting Goods Corp . Total Revenues from external customers $ 43,955 $ — $ 43,955 Operating income (loss) 5,483 (349) 5,134 Net income (loss) 3,957 (382) 3,575 As of and for the Nine Months Ended October 6, 2018 In thousands Sporting Goods Corp. Total Revenues from external customers $ 124,788 $ — $ 124,788 Operating income (loss) 10,044 (1,244) 8,800 Net income 7,026 9,836 16,862 Total assets $ 138,286 $ 11,550 $ 149,836

Dividend Payment

Dividend Payment	9 Months Ended
	Oct. 05, 2019
Dividend Payment
Dividend Payment	Note I – Dividend Payment On September 16, 2019, the Company paid a quarterly dividend of $0.125 per common share to all shareholders of record on September 9, 2019. The total amount of the dividend was approximately $1.8 million and was charged against retained earnings. On June 10, 2019, the Company paid a quarterly dividend of $0.125 per common share to all shareholders of record on June 3, 2019. The total amount of the dividend was approximately $1.8 million and was charged against retained earnings. On March 18, 2019, the Company paid a quarterly dividend of $0.125 per common share to all shareholders of record on March 11, 2019. The total amount of the dividend was approximately $1.8 million and was charged against retained earnings.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Oct. 05, 2019
Earnings Per Share
Earnings Per Share	Note J – Earnings Per Share The shares used in computation of the Company’s basic and diluted earnings per common share are as follows: Three Months Ended Nine Months Ended October 5, October 6, October 5, October 6, In thousands 2019 2018 2019 2018 Weighted average common shares outstanding 14,440 14,440 14,455 14,417 Dilutive effect of stock options and restricted stock units 28 29 30 30 Weighted average common shares outstanding, assuming dilution 14,468 14,469 14,485 14,447 Stock options that are anti-dilutive as to earnings per share and unvested restricted stock units which have a market condition for vesting that has not been achieved are ignored in the computation of dilutive earnings per share. The number of stock options and restricted stock units that were excluded in 2019 and 2018 were 80,950 and 69,531, respectively.

New Accounting Standards and Ch

New Accounting Standards and Changes in Accounting Principles	9 Months Ended
	Oct. 05, 2019
New Accounting Standards and Changes in Accounting Principles
New Accounting Standards and Changes in Accounting Principles	Note K – New Accounting Standards and Changes in Accounting Principles With the exception of that discussed below, there have been no recent accounting pronouncements or changes in accounting pronouncements during the three and nine month periods ended October 5, 2019, as compared to the recent accounting pronouncements described in the Company’s Annual Report on Form 10‑K for the fiscal year ended December 29, 2018, that are of significance, or potential significance to the Company. In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU) 2016‑02, Leases (Topic 842), which supersedes ASC 840, Leases. The amendments in this update will increase the transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Under ASU 2016‑02, a lessee will recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-to-use asset representing its right to use the underlying asset for the lease term. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee have not significantly changed from current GAAP. ASU 2016‑02 retains a distinction between finance leases and operating leases. The classification criteria for distinguishing between finance leases and operating leases will be substantially similar to the classification criteria for distinguishing between capital leases and operating leases under prior GAAP. Under the standard, disclosures are required to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. The guidance permits a practical expedient with regards to initial adoption, allowing adopters the option to apply the new leases standard prospectively at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Under this expedient, comparative periods presented in the financial statements in which the new lease standard is adopted, will continue to be presented in accordance with prior GAAP. The Company adopted this standard on December 30, 2018 using the prospective application method practical expedient. The adoption of this standard had an immaterial impact on our consolidated balance sheet, recognizing a ROU asset and lease liability of $985 thousand. Refer to Note M for disclosure requirements related to this standard.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Oct. 05, 2019
Revenue from Contracts with Customers
Revenue from Contracts with Customers	Note L – Revenue from Contracts with Customers Revenue Recognition – Effective December 31, 2017, we adopted ASC 606. The adoption of this standard did not impact the timing of revenue recognition for customer sales. Revenue is recognized when obligations under the terms of a contract with our customer are satisfied; generally this occurs with the transfer of control of our goods at a point in time based on shipping terms and transfer of title. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods. Sales, value add, and other taxes we collect concurrent with revenue-producing activities are excluded from revenue. Shipping and handling fees charged to customers are reported within revenue. Gross-to-net sales adjustments – We recognize revenue net of various sales adjustments to arrive at net sales as reported on the statement of operations. These adjustments are referred to as gross-to-net sales adjustments and primarily fall into one of three categories; returns, warranties and customer allowances. Returns – The Company records an accrued liability and reduction in sales for estimated product returns based upon historical experience. An accrued liability and reduction in sales is also recorded for approved return authorizations that have been communicated by the customer. Warranties – Limited warranties are provided on certain products for varying periods. We record an accrued liability and reduction in sales for estimated future warranty claims based upon historical experience and management’s estimate of the level of future claims. Changes in the estimated amounts recognized in prior years are recorded as an adjustment to the accrued liability and sales in the current year. Customer Allowances – Customer allowances are common practice in the industries in which the Company operates. These agreements are typically in the form of advertising subsidies, volume rebates and catalog allowances and are accounted for as a reduction to gross sales. The Company reviews such allowances on an ongoing basis and accruals are adjusted, if necessary, as additional information becomes available. Disaggregation of Revenue – We generate revenue from the sale of widely recognized sporting goods brands in basketball goals, archery, indoor and outdoor game recreation and fitness products. These products are sold through multiple sales channels that include; mass merchants, specialty dealers, key on-line retailers (“E-commerce”) and international. The following table depicts the disaggregation of revenue according to sales channel: Three Months Ended Nine Months Ended October 5, October 6, October 5, October 6, All Amounts in Thousands 2019 2018 2019 2018 Gross Sales by Channel: Mass Merchants $ 20,757 $ 20,074 $ 51,025 $ 52,767 Specialty Dealers 11,826 11,954 41,590 43,915 E-commerce 15,712 13,806 50,452 34,060 International 1,880 1,684 5,228 6,266 Other 637 663 2,079 1,200 Total Gross Sales 50,812 48,181 150,374 138,208 Less: Gross-to-Net Sales Adjustments Returns 1,473 1,315 4,353 3,513 Warranties 360 289 1,092 1,090 Customer Allowances 3,223 2,622 11,432 8,817 Total Gross-to-Net Sales Adjustments 5,056 4,226 16,877 13,420 Total Net Sales $ 45,756 $ 43,955 $ 133,497 $ 124,788 Contract Balances – The following table provides information on changes in our contract liability balances during the three and nine month periods ended October 5, 2019 and October 6, 2018. The contract liability recorded during the nine month periods ended October 6, 2018 is related to a lump sum payment received for consulting services to be provided over the next year. The contract liability will be amortized, and revenues recognized, evenly over the year. As of October 5, 2019, the contract liability was fully amortized. Three Months Ended Nine Months Ended October 5, October 6, October 5, October 6, All Amounts in Thousands 2019 2018 2019 2018 Increase due to cash received, excluding amounts recognized as revenue during the period $ — $ — $ — $ 671 Revenue recognized that was included in the contract liability balance at the beginning of the period — 259 413 — Increase (decrease) in contract liability during the period $ — $ (259) $ (413) $ 671

Leases

Leases	9 Months Ended
	Oct. 05, 2019
Leases
Leases	Note M – Leases We have operating leases for office, manufacturing and distribution facilities as well as for certain equipment. Our leases have remaining lease terms of 1 year to 5 years. As of October 5, 2019, the Company has not entered into any lease arrangements classified as a finance lease. We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, current operating lease liabilities and operating lease liabilities on our consolidated balance sheet. The Company has elected an accounting policy to not recognize short-term leases (one year or less) on the balance sheet. The Company also elected the package of practical expedients which applies to leases that commenced before the adoption date. By electing the package of practical expedients, the Company did not need to reassess the following; whether any existing contracts are or contain leases, the lease classification for any existing leases and initial direct costs for any existing leases. ROU assets and operating lease liabilities are recognized based on the present value of future minimum lease payments over the lease term at commencement date. When the implicit rate of the lease is not provided or cannot be determined, we use our incremental borrowing rate based on the information available at the commencement date to determine the present value of future payments. Lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise those options. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Components of lease expense and other information as follows: Three Months Ended Nine Months Ended October 5, October 5, All Amounts in Thousands 2019 2019 Lease Expense Operating Lease Cost $ 164 $ 608 Short-term Lease Cost 149 348 Variable Lease Cost 47 188 Total Operating Lease Cost $ 360 $ 1,144 Operating Lease – Operating Cash Flows $ 156 $ 552 New ROU Assets – Operating Leases $ 108 $ 833 Other information about lease amounts recognized in our consolidated financial statements is summarized as follows: Period Ended October 5, 2019 Weighted Average Remaining Lease Term – Operating Leases 2.03 years Weighted Average Discount Rate – Operating Leases 5.00 % Future minimum lease payments under non-cancellable leases as of October 5, 2019 were as follows: All Amounts in Thousands Year 1 $ 733 Year 2 483 Year 3 75 Year 4 27 Year 5 10 Thereafter — Total future minimum lease payments 1,328 Less imputed interest (64) Total $ 1,264 Reported as of October 5, 2019 Current operating lease liabilities 689 Long-term operating lease liabilities 575 Total $ 1,264

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 05, 2019
Commitments and Contingencies
Commitments and Contingencies	Note N – Commitments and Contingencies The Company is involved in litigation arising in the normal course of business. The Company does not believe that the disposition or ultimate resolution of existing claims or lawsuits will have a material adverse effect on the business or financial condition of the Company

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 05, 2019
Summary of Significant Accounting Policies
Presentation of Consolidated Condensed Financial Statements	Presentation of Consolidated Condensed Financial Statements – The significant accounting policies followed by the Company and its wholly owned subsidiaries for interim financial reporting are consistent with the accounting policies followed for its annual financial reporting. All adjustments that are of a normal recurring nature and are in the opinion of management necessary for a fair statement of the results for the periods reported have been included in the accompanying consolidated condensed financial statements. The consolidated condensed balance sheet of the Company as of December 29, 2018 has been derived from the audited consolidated balance sheet of the Company as of that date. Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted. These consolidated condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Form 10‑K annual report for 2018 filed with the Securities and Exchange Commission.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Oct. 05, 2019
Inventories
Schedule of Inventories	October 5, December 29, October 6, In thousands 2019 2018 2018 Raw materials $ 3,860 $ 3,622 $ 3,760 Work in progress 2,410 2,892 3,051 Finished goods 42,154 32,608 38,849 $ 48,424 $ 39,122 $ 45,660

Equity Interest Investments (Ta

Equity Interest Investments (Tables) - Stiga Sports AB	9 Months Ended
	Oct. 05, 2019
Related Party Transaction [Line Items]
Schedule of equity in earnings of affiliates	The Company’s 50% portion of net income for Stiga, included in equity in earnings of affiliates on the Company’s statements of operations, is as follows: Three Months Ended Period from December 31, In thousands October 6, 2018 2017 through May 17, 2018 Equity in earnings of affiliates $ — $ 121
Summarized financial information for statement of operations	Summarized financial information for Stiga Sports AB statements of operations for the three month period ended October 6, 2018 and the period from December 31, 2017 through May 17, 2018 is as follows: Three Months Period from Ended December 31, October 6, 2017 through In thousands 2018 May 17, 2018 Net sales $ — $ 12,978 Gross profit — 6,019 Net income — 241

Fair Values of Financial Inst_2

Fair Values of Financial Instruments (Tables)	9 Months Ended
	Oct. 05, 2019
Fair Values of Financial Instruments
Schedule of Fair Value, by Balance Sheet Grouping	The following table presents estimated fair values of the Company’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall in accordance with FASB ASC 825 at October 5, 2019, December 29, 2018 and October 6, 2018. Fair Value Measurements Using Quoted Prices in Significant Active Markets Significant Other Unobservable October 5, 2019 Carrying for Identical Observable Inputs Inputs In thousands Amount Assets (Level 1) (Level 2) (Level 3) Financial assets Cash and cash equivalents $ 5,226 $ 5,226 $ — $ — Financial liabilities Long-term debt $ 5,221 $ — $ 5,221 $ — Fair Value Measurements Using Quoted Prices in Significant Active Markets Significant Other Unobservable December 29, 2018 Carrying for Identical Observable Inputs Inputs In thousands Amount Assets (Level 1) (Level 2) (Level 3) Financial assets Cash and cash equivalents $ 2,824 $ 2,824 $ — $ — Fair Value Measurements Using Quoted Prices in Significant Active Markets Significant Other Unobservable October 6, 2018 Carrying for Identical Observable Inputs Inputs In thousands Amount Assets (Level 1) (Level 2) (Level 3) Financial assets Cash and cash equivalents $ 11,121 $ 11,121 $ — $ —

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Oct. 05, 2019
Segment Information
Schedule of Segment Reporting Information, by Segment	For the Three Months Ended October 5, 2019 In thousands Sporting Goods Corp. Total Revenues from external customers $ 45,756 $ — $ 45,756 Operating income (loss) 3,223 (324) 2,899 Net income 2,269 271 2,540 As of and for the Nine Months Ended October 5, 2019 In thousands Sporting Goods Corp. Total Revenues from external customers $ 133,497 $ — $ 133,497 Operating income (loss) 7,001 (1,237) 5,764 Net income (loss) 4,871 (188) 4,683 Total assets $ 148,664 $ 7,352 $ 156,016 For the Three Months Ended October 6, 2018 In thousands Sporting Goods Corp . Total Revenues from external customers $ 43,955 $ — $ 43,955 Operating income (loss) 5,483 (349) 5,134 Net income (loss) 3,957 (382) 3,575 As of and for the Nine Months Ended October 6, 2018 In thousands Sporting Goods Corp. Total Revenues from external customers $ 124,788 $ — $ 124,788 Operating income (loss) 10,044 (1,244) 8,800 Net income 7,026 9,836 16,862 Total assets $ 138,286 $ 11,550 $ 149,836

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Oct. 05, 2019
Earnings Per Share
Schedule of Weighted Average Number of Shares	The shares used in computation of the Company’s basic and diluted earnings per common share are as follows: Three Months Ended Nine Months Ended October 5, October 6, October 5, October 6, In thousands 2019 2018 2019 2018 Weighted average common shares outstanding 14,440 14,440 14,455 14,417 Dilutive effect of stock options and restricted stock units 28 29 30 30 Weighted average common shares outstanding, assuming dilution 14,468 14,469 14,485 14,447

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Oct. 05, 2019
Revenue from Contracts with Customers
Schedule of Disaggregation of Revenue	The following table depicts the disaggregation of revenue according to sales channel: Three Months Ended Nine Months Ended October 5, October 6, October 5, October 6, All Amounts in Thousands 2019 2018 2019 2018 Gross Sales by Channel: Mass Merchants $ 20,757 $ 20,074 $ 51,025 $ 52,767 Specialty Dealers 11,826 11,954 41,590 43,915 E-commerce 15,712 13,806 50,452 34,060 International 1,880 1,684 5,228 6,266 Other 637 663 2,079 1,200 Total Gross Sales 50,812 48,181 150,374 138,208 Less: Gross-to-Net Sales Adjustments Returns 1,473 1,315 4,353 3,513 Warranties 360 289 1,092 1,090 Customer Allowances 3,223 2,622 11,432 8,817 Total Gross-to-Net Sales Adjustments 5,056 4,226 16,877 13,420 Total Net Sales $ 45,756 $ 43,955 $ 133,497 $ 124,788
Schedule of contract with Customer, Asset and Liability	Three Months Ended Nine Months Ended October 5, October 6, October 5, October 6, All Amounts in Thousands 2019 2018 2019 2018 Increase due to cash received, excluding amounts recognized as revenue during the period $ — $ — $ — $ 671 Revenue recognized that was included in the contract liability balance at the beginning of the period — 259 413 — Increase (decrease) in contract liability during the period $ — $ (259) $ (413) $ 671

Leases (Tables)

Leases (Tables)	9 Months Ended
	Oct. 05, 2019
Leases
Schedule of Lease, Cost	Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Components of lease expense and other information as follows: Three Months Ended Nine Months Ended October 5, October 5, All Amounts in Thousands 2019 2019 Lease Expense Operating Lease Cost $ 164 $ 608 Short-term Lease Cost 149 348 Variable Lease Cost 47 188 Total Operating Lease Cost $ 360 $ 1,144 Operating Lease – Operating Cash Flows $ 156 $ 552 New ROU Assets – Operating Leases $ 108 $ 833 Other information about lease amounts recognized in our consolidated financial statements is summarized as follows: Period Ended October 5, 2019 Weighted Average Remaining Lease Term – Operating Leases 2.03 years Weighted Average Discount Rate – Operating Leases 5.00 %
Schedule of Future Minimum Rental Payments for Operating Leases	Future minimum lease payments under non-cancellable leases as of October 5, 2019 were as follows: All Amounts in Thousands Year 1 $ 733 Year 2 483 Year 3 75 Year 4 27 Year 5 10 Thereafter — Total future minimum lease payments 1,328 Less imputed interest (64) Total $ 1,264 Reported as of October 5, 2019 Current operating lease liabilities 689 Long-term operating lease liabilities 575 Total $ 1,264

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Oct. 05, 2019	Dec. 29, 2018	Oct. 06, 2018
Inventories
Raw materials	$ 3,860	$ 3,622	$ 3,760
Work in process	2,410	2,892	3,051
Finished goods	42,154	32,608	38,849
Inventories	$ 48,424	$ 39,122	$ 45,660

Equity Interest Investments - S

Equity Interest Investments - Statements of operations (Details) $ in Thousands	5 Months Ended
	May 17, 2018USD ($)
Equity Interest Investments
Net sales	$ 12,978
Gross profit	6,019
Net income	$ 241

Equity Interest Investments - E

Equity Interest Investments - Earnings of affiliates (Details) - USD ($) $ in Thousands	3 Months Ended		5 Months Ended	9 Months Ended
	Oct. 05, 2019	Oct. 06, 2018	May 17, 2018	Oct. 05, 2019	Oct. 06, 2018
Equity Interest Investments
Equity in earnings of affiliates	$ 0	$ 0	$ 121	$ 0	$ 121

Equity Interest Investments - A

Equity Interest Investments - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		5 Months Ended	9 Months Ended
	May 17, 2018	Oct. 05, 2019	Oct. 06, 2018	May 17, 2018	Oct. 05, 2019	Oct. 06, 2018
Schedule of Equity Method Investments [Line Items]
Proceeds from Sale of Equity Method Investments	$ 33,700					$ 33,705
Equity Method Investment, Realized Gain (Loss) on Disposal	$ 13,000	$ 0	$ 0		$ 0	13,020
Equity Method Investment, Summarized Financial Information, Net Income (Loss)				$ 241
Net Income (Loss) Attributable to Parent		$ 2,540	$ 3,575		$ 4,683	$ 16,862
Stiga Sports AB
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%		50.00%	50.00%		50.00%
Stiga Sports AB | Parent
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%			50.00%

Fair Values of Financial Inst_3

Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Oct. 05, 2019	Dec. 29, 2018	Oct. 06, 2018
Financial liabilities, Carrying Amount
Long-term debt, Carrying Amount	$ 5,221	$ 0	$ 0
Financial assets, Fair Value
Cash and cash equivalents, Fair Value	5,226	2,824	11,121
Financial liabilities, Fair Value
Long-term debt, Fair Value	5,221
Fair Value, Inputs, Level 1 [Member]
Financial assets, Carrying Amount
Cash and cash equivalents, Carrying Amount	5,226	2,824	11,121
Financial liabilities, Carrying Amount
Long-term debt, Carrying Amount	0
Fair Value, Inputs, Level 2 [Member]
Financial assets, Carrying Amount
Cash and cash equivalents, Carrying Amount	0	0	0
Financial liabilities, Carrying Amount
Long-term debt, Carrying Amount	5,221
Fair Value, Inputs, Level 3 [Member]
Financial assets, Carrying Amount
Cash and cash equivalents, Carrying Amount	0	$ 0	$ 0
Financial liabilities, Carrying Amount
Long-term debt, Carrying Amount	$ 0

Fair Values of Financial Inst_4

Fair Values of Financial Instruments - Additional Information (Details)	Oct. 06, 2018	May 17, 2018
Stiga Sports AB
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity Method Investment, Ownership Percentage	50.00%	50.00%

Stock Compensation (Details)

Stock Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 05, 2019	Oct. 06, 2018	Oct. 05, 2019	Oct. 06, 2018
Incentive Plan 2007 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			8,839
Restricted Stock Units (RSUs) [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			11,400
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			2 years
Restricted Stock Units (RSUs) [Member] | Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			35,900
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years
Nonvested Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 68	$ 98	$ 511	$ 633
Employee and Non Employee Service Share-based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized	$ 800	$ 700	$ 800	$ 700

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 05, 2019	Oct. 06, 2018	Oct. 05, 2019	Oct. 06, 2018	Dec. 29, 2018
Segment Reporting Information [Line Items]
Revenues from external customers	$ 45,756	$ 43,955	$ 133,497	$ 124,788
Operating income (loss)	2,899	5,134	5,764	8,800
Net income (loss)	2,540	3,575	4,683	16,862
Total assets	156,016	149,836	156,016	149,836	$ 149,527
Sporting Goods [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	45,756	43,955	133,497	124,788
Operating income (loss)	3,223	5,483	7,001	10,044
Net income (loss)	2,269	3,957	4,871	7,026
Total assets	148,664	138,286	148,664	138,286
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	0	0	0	0
Operating income (loss)	(324)	(349)	(1,237)	(1,244)
Net income (loss)	271	(382)	(188)	9,836
Total assets	$ 7,352	$ 11,550	$ 7,352	$ 11,550

Dividend Payment (Details)

Dividend Payment (Details) - USD ($) $ / shares in Units, $ in Thousands	Sep. 16, 2019	Jun. 10, 2019	Mar. 18, 2019	Oct. 05, 2019	Oct. 06, 2018	Oct. 05, 2019	Oct. 06, 2018
Dividend Payment
Common Stock, Dividends, Per Share, Cash Paid	$ 0.125	$ 0.125	$ 0.125
Dividends, Common Stock, Cash	$ 1,800	$ 1,800	$ 1,800	$ 1,805	$ 1,806	$ 5,423	$ 5,410

Earnings Per Share (Details)

Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Oct. 05, 2019	Oct. 06, 2018	Oct. 05, 2019	Oct. 06, 2018
Earnings Per Share
Weighted average common shares outstanding	14,440	14,440	14,455	14,417
Dilutive effect of stock options and restricted stock units	28	29	30	30
Weighted average common shares outstanding, assuming dilution	14,468	14,469	14,485	14,447

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares	9 Months Ended
	Oct. 05, 2019	Oct. 06, 2018
Earnings Per Share
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	80,950	69,531

New Accounting Standards and _2

New Accounting Standards and Changes in Accounting Principles (Details) - USD ($) $ in Thousands	9 Months Ended
	Oct. 05, 2019	Dec. 30, 2018	Dec. 29, 2018	Oct. 06, 2018
Operating Lease, Right-of-Use Asset	$ 1,242		$ 0	$ 0
Lease, Practical Expedients, Package [true false]	true
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset		$ 985

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 05, 2019	Oct. 06, 2018	Oct. 05, 2019	Oct. 06, 2018
Sales Revenues Goods Net [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 50,812	$ 48,181	$ 150,374	$ 138,208
Sales Returns And Allowance Goods [Abstract]
Returns	1,473	1,315	4,353	3,513
Warranties	360	289	1,092	1,090
Customer Allowances	3,223	2,622	11,432	8,817
Total Gross-to-Net Sales Adjustments	5,056	4,226	16,877	13,420
Total Net Sales	45,756	43,955	133,497	124,788
Mass Merchants [Member]
Sales Revenues Goods Net [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	20,757	20,074	51,025	52,767
Specialty Dealers [Member]
Sales Revenues Goods Net [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	11,826	11,954	41,590	43,915
E-commerce [Member]
Sales Revenues Goods Net [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	15,712	13,806	50,452	34,060
International [Member]
Sales Revenues Goods Net [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	1,880	1,684	5,228	6,266
Other [Member]
Sales Revenues Goods Net [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 637	$ 663	$ 2,079	$ 1,200

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Contract Balances (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 06, 2018	Oct. 05, 2019	Oct. 06, 2018
Revenue from Contracts with Customers
Increase due to cash received, excluding amounts recognized as revenue during the period			$ 671
Revenue recognized that was included in the contract liability balance at the beginning of the period	$ 259	$ 413
Increase (decrease) in contract liability during the period	$ (259)	$ (413)	$ 671

Leases (Details)

Leases (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 05, 2019USD ($)	Oct. 05, 2019USD ($)
Lease Expense
Operating Lease Cost	$ 164	$ 608
Short-term Lease Cost	149	348
Variable Lease Cost	47	188
Total Operating Lease Cost	360	1,144
Operating Lease - Operating Cash Flows	156	552
New ROU Assets - Operating Leases	$ 108	$ 833
Weighted Average Remaining Lease Term - Operating Leases	2 years 11 days	2 years 11 days
Weighted Average Discount Rate - Operating Leases	5.00%	5.00%

Leases - Future minimum lease p

Leases - Future minimum lease payments (Details) - USD ($) $ in Thousands	Oct. 05, 2019	Dec. 29, 2018	Oct. 06, 2018
Leases
Year 1	$ 733
Year 2	483
Year 3	75
Year 4	27
Year 5	10
Thereafter	0
Total future minimum lease payments	1,328
Less imputed interest	(64)
Total	1,264
Current operating lease liabilities	689	$ 0	$ 0
Long-term operating lease liabilities	575	$ 0	$ 0
Total	$ 1,264

Leases - Additional Information

Leases - Additional Information (Details)	Oct. 05, 2019
Operating Lease, Weighted Average Remaining Lease Term	2 years 11 days
Maximum [Member]
Operating Lease, Weighted Average Remaining Lease Term	5 years
Minimum [Member]
Operating Lease, Weighted Average Remaining Lease Term	1 year