Escalade (ESCA) 10-Q 22 Apr 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 22, 2014	Apr. 10, 2014
Document Information [Line Items]	'	'
Entity Registrant Name	'ESCALADE INC	'
Entity Central Index Key	'0000033488	'
Current Fiscal Year End Date	'--12-28	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'ESCA	'
Entity Common Stock, Shares Outstanding	'	13,796,326
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	22-Mar-14	'
Document Fiscal Period Focus	'Q1	'
Document Fiscal Year Focus	'2014	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 22, 2014	Dec. 28, 2013	Mar. 23, 2013
In Thousands, unless otherwise specified
Current Assets:	'	'	'
Cash and cash equivalents	$3,027	$2,346	$1,913
Time deposits	1,450	1,700	1,950
Receivables, less allowance of $1,314; $1,321; and $969; respectively	31,593	43,751	26,556
Inventories	32,933	28,307	36,894
Prepaid expenses	1,461	2,039	996
Deferred income tax benefit	2,136	2,220	1,587
Prepaid income tax	604	853	0
TOTAL CURRENT ASSETS	73,204	81,216	69,896
Property, plant and equipment, net	14,661	14,958	14,166
Intangible assets	12,186	12,753	12,326
Goodwill	13,113	13,113	12,017
Investments	20,310	19,786	17,418
Other assets	145	148	171
Total assets	133,619	141,974	125,994
Current Liabilities:	'	'	'
Notes payable	13,871	21,700	14,672
Current portion of long-term debt	1,569	1,563	2,546
Trade accounts payable	4,508	2,483	5,691
Accrued liabilities	13,651	17,933	13,099
Income tax payable	0	0	777
TOTAL CURRENT LIABILITIES	33,599	43,679	36,785
Other Liabilities:	'	'	'
Long-term debt	4,551	4,946	4,620
Deferred income tax liability	5,393	5,394	3,462
TOTAL LIABILITIES	43,543	54,019	44,867
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 - 13,786,966; 13,656,557; and 13,458,935; shares respectively	13,787	13,657	13,459
Retained earnings	70,944	69,379	63,653
Accumulated other comprehensive income	5,345	4,919	4,015
Total stockholders' equity	90,076	87,955	81,127
Total liabilities and stockholders' equity	$133,619	$141,974	$125,994

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 22, 2014	Dec. 28, 2013	Mar. 23, 2013
In Thousands, except Share data, unless otherwise specified
Receivables allowance (in dollars)	$1,314	$1,321	$969
Preferred stock, shares authorized	1,000,000	1,000,000	1,000,000
Preferred stock, shares issued	0	0	0
Common stock, shares authorized	30,000,000	30,000,000	30,000,000
Common stock, shares issued	13,786,966	13,656,557	13,458,935
Common stock, shares outstanding	13,786,966	13,656,557	13,458,935

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 22, 2014	Mar. 23, 2013
Net sales	$34,074	$31,838
Costs, Expenses and Other Income	'	'
Cost of products sold	22,718	20,960
Selling, administrative and general expenses	7,251	7,273
Amortization	571	557
Operating Income	3,534	3,048
Interest expense	156	167
Other expense (income)	-189	38
Income Before Income Taxes	3,567	2,843
Provision for Income Taxes	1,316	1,219
Net Income	$2,251	$1,624
Earnings Per Share Data:	'	'
Basic earnings per share	$0.16	$0.12
Diluted earnings per share	$0.16	$0.12
Dividends declared	$0.09	$0.08

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 22, 2014	Mar. 23, 2013
Net income	$2,251	$1,624
Foreign currency translation adjustment	425	-78
Comprehensive income	$2,676	$1,546

CONSOLIDATED_CONDENSED_STATEME

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 22, 2014	Mar. 23, 2013
Operating Activities:	'	'
Net income	$2,251	$1,624
Depreciation and amortization	1,147	1,065
(Gain) Loss on disposal of property and equipment	-1	6
Stock-based compensation	133	130
Adjustments necessary to reconcile net income to net cash provided by operating activities	6,018	1,606
Net cash provided by operating activities	9,548	4,431
Investing Activities:	'	'
Purchase of property and equipment	-279	-181
Purchase of short-term time deposits	0	-750
Proceeds from sale of property and equipment	7	1
Proceeds from disposal of short-term time deposits	250	0
Net cash used by investing activities	-22	-930
Financing Activities:	'	'
Net decrease in notes payable	-7,828	-1,707
Net decrease in overdraft facility	0	-691
Principal payments on long-term debt	-389	-634
Proceeds from exercise of stock options	533	31
Cash dividends paid	-1,244	-1,084
Director stock compensation	23	46
Net cash used by financing activities	-8,905	-4,039
Effect of exchange rate changes on cash	60	-93
Net increase (decrease) in cash and cash equivalents	681	-631
Cash and cash equivalents, beginning of period	2,346	2,544
Cash and cash equivalents, end of period	3,027	1,913
Supplemental Cash Flows Information	'	'
Dividends payable	39	41
Seller note issued in purchase of real estate	$0	$2,300

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 22, 2014
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	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 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 28, 2013 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 generally accepted accounting principles (GAAP) in the United States of America 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 2013 filed with the Securities and Exchange Commission.

Seasonal_Aspects

Seasonal Aspects	3 Months Ended
	Mar. 22, 2014
Accounting Policies [Abstract]	'
Seasonal Aspects [Text Block]	'
	Note B - Seasonal Aspects
	The results of operations for the three month periods ended March 22, 2014 and March 23, 2013 are not necessarily indicative of the results to be expected for the full year.

Inventories

Inventories	3 Months Ended
	Mar. 22, 2014
Inventory Disclosure [Abstract]	'
Inventory Disclosure [Text Block]	'
	Note C - Inventories
	In thousands	March 22, 2014		December 28, 2013		March 23, 2013
	Raw materials	$	8,122	$	7,308	$	9,056
	Work in progress		5,174		4,151		4,842
	Finished goods		19,637		16,848		22,996
		$	32,933	$	28,307	$	36,894

Equity_Interest_Investments

Equity Interest Investments	3 Months Ended
	Mar. 22, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Equity Method Investments Disclosure [Text Block]	'
	Note D – Equity Interest Investments
	The Company has a 50% interest in a joint venture, Stiga Sports AB (Stiga). The joint venture is accounted for under the equity method of accounting. Stiga, located in Sweden, is a global sporting goods company producing table tennis equipment and game products. 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 statement of operations amounts. Certain differences exist between U.S. GAAP and local GAAP in Sweden, and the impact of these differences is not reflected in the summarized information reflected in the table below. The most significant difference relates to the accounting for goodwill for Stiga which is amortized over eight years in Sweden but is not amortized for U.S. GAAP reporting purposes. The effect on Stiga’s net assets resulting from the amortization of goodwill for the periods ended March 22, 2014 and March 23, 2013 are addbacks to Stiga’s consolidated financial information of $13.8 million and $11.9 million, respectively. These net differences are comprised of cumulative goodwill adjustments of $19.3 million offset by the related cumulative tax effect of $5.5 million as of March 22, 2014 and cumulative goodwill adjustments of $16.6 million offset by the related cumulative tax effect of $4.7 million as of March 23, 2013. The statement of operations impact of these goodwill and tax adjustments and other individually insignificant U.S. GAAP adjustments for the periods ended March 22, 2014, and March 23, 2013 are to increase Stiga’s net income by approximately $0.2 million and $0.1 million, respectively. The Company’s 50% portion of net income for Stiga for the periods ended March 22, 2014 and March 23, 2013 was $189 thousand and $69 thousand, respectively, and is included in other income (expense) on the Company’s statements of operations.
	In addition, Escalade has a 50% interest in Neoteric Industries Inc. in Taiwan. The income and assets of Neoteric have no impact on the Company’s financial reporting. Additional information regarding Neoteric is considered immaterial and has not been included in the totals listed below.
	Summarized financial information for Stiga Sports AB balance sheets as of March 22, 2014, December 28, 2013, and March 23, 2013 and statements of operations for the periods ended March 22, 2014 and March 23, 2013 is as follows:
	In thousands	March 22, 2014		December 28, 2013		March 23, 2013
	Current assets	$	26,775	$	31,399	$	23,730
	Non-current assets		9,444		8,967		8,133
	Total assets		36,219		40,366		31,863
	Current liabilities		5,498		10,019		6,670
	Non-current liabilities		4,991		4,893		3,990
	Total liabilities		10,489		14,912		10,660
	Net assets	$	25,730	$	25,454	$	21,203
		Three Months Ended
		March 22, 2014		March 23, 2013
	Net sales	$	5,345	$	4,836
	Gross profit		2,856		2,563
	Net income		93		52

Fair_Values_of_Financial_Instr

Fair Values of Financial Instruments	3 Months Ended
	Mar. 22, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	Note E – 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 and Time Deposits
	Fair values of cash and cash equivalents and time deposits approximate cost due to the short period of time to maturity.
	Notes Payable and Long-term Debt
	Fair values of notes payable and 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.
	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 March 22, 2014 and March 23, 2013.
				Fair Value Measurements Using
	March 22, 2014	Carrying Amount		Quoted Prices in Active Markets for Identical		Significant Other Observable Inputs  (Level 2)		Significant Unobservable Inputs  (Level 3)
	In thousands			Assets (Level 1)
	Financial assets
	Cash and cash equivalents	$	3,027	$	3,027	$	--	$	--
	Time deposits	$	1,450	$	1,450	$	--	$	--
	Financial liabilities
	Notes payable	$	13,871	$	--	$	13,871	$	--
	Current portion of	$	1,569	$	--	$	1,569	$	--
	Long-term debt
	Long-term debt	$	4,551	$	--	$	4,551	$	--
				Fair Value Measurements Using
	March 23, 2013	Carrying Amount		Quoted Prices in Active Markets for Identical		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	In thousands			Assets (Level 1)
	Financial assets
	Cash and cash equivalents	$	1,913	$	1,913	$	--	$	--
	Time deposits	$	1,950	$	1,950	$	--	$	--
	Financial liabilities
	Notes payable	$	14,672	$	--	$	14,672	$	--
	Current portion of	$	2,546	$	--	$	2,546	$	--
	Long-term debt
	Long-term debt	$	4,620	$	--	$	4,620	$	--
	The outstanding balance of the euro overdraft facility is included in Notes payable. For the periods ended March 22, 2014, December 28, 2013, and March 23, 2013, the balance of the euro overdraft facility was zero, zero, and $1.8 million, respectively.

Stock_Compensation

Stock Compensation	3 Months Ended
	Mar. 22, 2014
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	Note F – Stock Compensation
	The fair value of stock-based compensation is recognized in accordance with the provisions of FASB ASC 718, Stock Compensation.
	During the three months ended March 22, 2014 and pursuant to the 2007 Incentive Plan, in lieu of director fees, the Company awarded to certain directors 1,982 shares of common stock. In addition, the Company awarded 25,000 stock options to directors and 50,000 restricted stock units to employees. The stock options awarded to directors vest at the end of one year and have an exercise price equal to the market price on the date of grant. Director stock options 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 2014 restricted stock units awarded to employees vest over four years (one-third two years from grant date, one-third three years from grant date and one-third four years from grant date) provided that the employee is still employed by the Company and that the performance criteria related to the market price of the Company’s stock is satisfied. The criteria is for any 30 consecutive trading days on the NASDAQ Stock Market (or such other principal securities exchange on which the Company’s shares of common stock are then traded) during the period beginning on the grant date and ending on the fourth anniversary thereof, the cumulative average Volume Weighted Average Price per share is at least 15% higher than the closing price per share on the grant date plus any incremental dividends paid above the current quarterly dividend rate of $0.09 per share by the Company during such four year period. The Company utilizes the Black-Scholes option pricing model to determine the fair value of stock options granted and utilizes the Monte Carlo technique to determine the fair value of restricted stock units granted.
	For the three months ended March 22, 2014 and March 23, 2013, the Company recognized stock based compensation expense of $156 thousand and $176 thousand, respectively. At March 22, 2014 and March 23, 2013, respectively, there was $1.2 million and $1.2 million in unrecognized stock-based compensation expense related to non-vested stock awards.

Segment_Information

Segment Information	3 Months Ended
	Mar. 22, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	Note G - Segment Information
		For the Three Months
		Ended March 22, 2014
	In thousands	Sporting Goods		Information Security and Print Finishing		Corp.		Total
	Revenues from external customers	$	27,721	$	6,353	$	--	$	34,074
	Operating income (loss)		4,269		211		-946		3,534
	Net income (loss)		2,619		-14		-354		2,251
	Total assets	$	84,242	$	22,629	$	26,748	$	133,619
		For the Three Months
		Ended March 23, 2013
	In thousands	Sporting Goods		Information Security and Print Finishing		Corp.		Total
	Revenues from external customers	$	25,265	$	6,573	$	--	$	31,838
	Operating income (loss)		4,225		-452		-725		3,048
	Net income (loss)		2,561		-617		-320		1,624
	Total assets	$	79,527	$	25,022	$	21,455	$	125,994

Dividend_Payment

Dividend Payment	3 Months Ended
	Mar. 22, 2014
Accounting Policies [Abstract]	'
Dividend Payment Terms [Text Block]	'
	Note H – Dividend Payment
	On March 20, 2014, the Company paid a quarterly dividend of $0.09 per common share to all shareholders of record on March 13, 2014. The total amount of the dividend was approximately $1.2 million and was charged against retained earnings.

Earnings_Per_Share

Earnings Per Share	3 Months Ended
	Mar. 22, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	Note I - 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
	In thousands	March 22, 2014		March 23, 2013
	Weighted average common shares outstanding		13,686		13,447
	Dilutive effect of stock options and restricted stock units		255		157
	Weighted average common shares outstanding, assuming dilution		13,941		13,604
	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 2014 and 2013 were 75,000 and 559,250, respectively.

New_Accounting_Standards

New Accounting Standards	3 Months Ended
	Mar. 22, 2014
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]	'
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	'
	Note J – New Accounting Standards
	With the exception of that discussed below, there have been no recent accounting pronouncements or changes in accounting pronouncements during the three months ended March 22, 2014, as compared to the recent accounting pronouncements described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 28, 2013, that are of significance, or potential significance to the Company.
	In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740), which clarifies the presentation requirements of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. The amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013 and should be applied prospectively. The adoption of this standard did not have a material impact to the Company’s consolidated financial statements.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 22, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	Note K – 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_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 22, 2014
Accounting Policies [Abstract]	'
Consolidation, Policy [Policy Text Block]	'
	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 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 28, 2013 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 generally accepted accounting principles (GAAP) in the United States of America 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 2013 filed with the Securities and Exchange Commission.

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Mar. 22, 2014
Inventory Disclosure [Abstract]	'
Schedule of Inventory, Current [Table Text Block]	'
	In thousands	March 22, 2014		December 28, 2013		March 23, 2013
	Raw materials	$	8,122	$	7,308	$	9,056
	Work in progress		5,174		4,151		4,842
	Finished goods		19,637		16,848		22,996
		$	32,933	$	28,307	$	36,894

Equity_Interest_Investments_Ta

Equity Interest Investments (Tables)	3 Months Ended
	Mar. 22, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Schedule of Joint Ventures Balance Sheet Information [Table Text Block]	'
	Summarized financial information for Stiga Sports AB balance sheets as of March 22, 2014, December 28, 2013, and March 23, 2013 and statements of operations for the periods ended March 22, 2014 and March 23, 2013 is as follows:
	In thousands	March 22, 2014		December 28, 2013		March 23, 2013
	Current assets	$	26,775	$	31,399	$	23,730
	Non-current assets		9,444		8,967		8,133
	Total assets		36,219		40,366		31,863
	Current liabilities		5,498		10,019		6,670
	Non-current liabilities		4,991		4,893		3,990
	Total liabilities		10,489		14,912		10,660
	Net assets	$	25,730	$	25,454	$	21,203
Schedule of Joint Ventures Income Statement Information [Table Text Block]	'
		Three Months Ended
		March 22, 2014		March 23, 2013
	Net sales	$	5,345	$	4,836
	Gross profit		2,856		2,563
	Net income		93		52

Fair_Values_of_Financial_Instr1

Fair Values of Financial Instruments (Tables)	3 Months Ended
	Mar. 22, 2014
Fair Value Disclosures [Abstract]	'
Fair Value, by Balance Sheet Grouping [Table Text Block]	'
	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 March 22, 2014 and March 23, 2013.
				Fair Value Measurements Using
	March 22, 2014	Carrying Amount		Quoted Prices in Active Markets for Identical		Significant Other Observable Inputs  (Level 2)		Significant Unobservable Inputs  (Level 3)
	In thousands			Assets (Level 1)
	Financial assets
	Cash and cash equivalents	$	3,027	$	3,027	$	--	$	--
	Time deposits	$	1,450	$	1,450	$	--	$	--
	Financial liabilities
	Notes payable	$	13,871	$	--	$	13,871	$	--
	Current portion of	$	1,569	$	--	$	1,569	$	--
	Long-term debt
	Long-term debt	$	4,551	$	--	$	4,551	$	--
				Fair Value Measurements Using
	March 23, 2013	Carrying Amount		Quoted Prices in Active Markets for Identical		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	In thousands			Assets (Level 1)
	Financial assets
	Cash and cash equivalents	$	1,913	$	1,913	$	--	$	--
	Time deposits	$	1,950	$	1,950	$	--	$	--
	Financial liabilities
	Notes payable	$	14,672	$	--	$	14,672	$	--
	Current portion of	$	2,546	$	--	$	2,546	$	--
	Long-term debt
	Long-term debt	$	4,620	$	--	$	4,620	$	--

Segment_Information_Tables

Segment Information (Tables)	3 Months Ended
	Mar. 22, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
		For the Three Months
		Ended March 22, 2014
	In thousands	Sporting Goods		Information Security and Print Finishing		Corp.		Total
	Revenues from external customers	$	27,721	$	6,353	$	--	$	34,074
	Operating income (loss)		4,269		211		-946		3,534
	Net income (loss)		2,619		-14		-354		2,251
	Total assets	$	84,242	$	22,629	$	26,748	$	133,619
		For the Three Months
		Ended March 23, 2013
	In thousands	Sporting Goods		Information Security and Print Finishing		Corp.		Total
	Revenues from external customers	$	25,265	$	6,573	$	--	$	31,838
	Operating income (loss)		4,225		-452		-725		3,048
	Net income (loss)		2,561		-617		-320		1,624
	Total assets	$	79,527	$	25,022	$	21,455	$	125,994

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	3 Months Ended
	Mar. 22, 2014
Earnings Per Share [Abstract]	'
Schedule of Weighted Average Number of Shares [Table Text Block]	'
	The shares used in computation of the Company’s basic and diluted earnings per common share are as follows:
		Three Months Ended
	In thousands	March 22, 2014		March 23, 2013
	Weighted average common shares outstanding		13,686		13,447
	Dilutive effect of stock options and restricted stock units		255		157
	Weighted average common shares outstanding, assuming dilution		13,941		13,604

Inventories_Details

Inventories (Details) (USD $)	Mar. 22, 2014	Dec. 28, 2013	Mar. 23, 2013
In Thousands, unless otherwise specified
Inventory [Line Items]	'	'	'
Raw materials	$8,122	$7,308	$9,056
Work in progress	5,174	4,151	4,842
Finished goods	19,637	16,848	22,996
Total Inventory	$32,933	$28,307	$36,894

Equity_Interest_Investments_De

Equity Interest Investments (Details) (USD $)	Mar. 22, 2014	Dec. 28, 2013	Mar. 23, 2013
In Thousands, unless otherwise specified
Schedule of Equity Method Investments [Line Items]	'	'	'
Current assets	$73,204	$81,216	$69,896
Total assets	133,619	141,974	125,994
Current liabilities	33,599	43,679	36,785
Total liabilities	43,543	54,019	44,867
Stiga Sports AB [Member]	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'
Current assets	26,775	31,399	23,730
Non-current assets	9,444	8,967	8,133
Total assets	36,219	40,366	31,863
Current liabilities	5,498	10,019	6,670
Non-current liabilities	4,991	4,893	3,990
Total liabilities	10,489	14,912	10,660
Net assets	$25,730	$25,454	$21,203

Equity_Interest_Investments_De1

Equity Interest Investments (Details 1) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 22, 2014	Mar. 23, 2013
Schedule of Equity Method Investments [Line Items]	'	'
Net sales	$34,074	$31,838
Net income	2,251	1,624
Stiga Sports AB [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Net sales	5,345	4,836
Gross profit	2,856	2,563
Net income	$93	$52

Equity_Interest_Investments_De2

Equity Interest Investments (Details Textual) (USD $)	3 Months Ended
	Mar. 22, 2014	Mar. 23, 2013
Schedule of Equity Method Investments [Line Items]	'	'
Net Income (Loss) Attributable to Parent	$2,251,000	$1,624,000
Stiga Sports AB [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Equity Method Investment, Ownership Percentage	50.00%	'
Amortization of Goodwill	13,800,000	11,900,000
Goodwill, Translation Adjustments	19,300,000	16,600,000
Cumulative Goodwill Adjustments, Tax Effect	5,500,000	4,700,000
Adjustments for Net Income Impact	200,000	100,000
Percentage of Net Income	50.00%	'
Net Income (Loss) Attributable to Parent	$189,000	$69,000
Escalade International [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Equity Method Investment, Ownership Percentage	50.00%	'

Fair_Values_of_Financial_Instr2

Fair Values of Financial Instruments (Details) (USD $)	Mar. 22, 2014	Dec. 28, 2013	Mar. 23, 2013	Dec. 29, 2012
In Thousands, unless otherwise specified
Financial assets, Carrying Amount	'	'	'	'
Cash and cash equivalents, Carrying Amount	$3,027	$2,346	$1,913	$2,544
Time deposits, Carrying Amount	1,450	1,700	1,950	'
Financial liabilities, Carrying Amount	'	'	'	'
Notes payable, Carrying Amount	13,871	'	14,672	'
Current portion of Long-term debt, Carrying Amount	1,569	'	2,546	'
Long-term debt, Carrying Amount	4,551	4,946	4,620	'
Fair Value, Inputs, Level 1 [Member]	'	'	'	'
Financial assets, Fair Value	'	'	'	'
Cash and cash equivalents, Fair Value	3,027	'	1,913	'
Time deposits, Fair Value	1,450	'	1,950	'
Financial liabilities, Fair Value	'	'	'	'
Notes payable, Fair Value	0	'	0	'
Current portion of Long-term debt, Fair Value	0	'	0	'
Long-term debt, Fair Value	0	'	0	'
Fair Value, Inputs, Level 2 [Member]	'	'	'	'
Financial assets, Fair Value	'	'	'	'
Cash and cash equivalents, Fair Value	0	'	0	'
Time deposits, Fair Value	0	'	0	'
Financial liabilities, Fair Value	'	'	'	'
Notes payable, Fair Value	13,871	'	14,672	'
Current portion of Long-term debt, Fair Value	1,569	'	2,546	'
Long-term debt, Fair Value	4,551	'	4,620	'
Fair Value, Inputs, Level 3 [Member]	'	'	'	'
Financial assets, Fair Value	'	'	'	'
Cash and cash equivalents, Fair Value	0	'	0	'
Time deposits, Fair Value	0	'	0	'
Financial liabilities, Fair Value	'	'	'	'
Notes payable, Fair Value	0	'	0	'
Current portion of Long-term debt, Fair Value	0	'	0	'
Long-term debt, Fair Value	$0	'	$0	'

Fair_Values_of_Financial_Instr3

Fair Values of Financial Instruments (Details Textual) (Euro Overdraft Facility [Member], USD $)	Mar. 22, 2014	Dec. 28, 2013	Mar. 23, 2013
In Millions, unless otherwise specified
Euro Overdraft Facility [Member]	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'
Bank Overdrafts	$0	$0	$1.80

Stock_Compensation_Details_Tex

Stock Compensation (Details Textual) (USD $)	3 Months Ended
	Mar. 22, 2014	Mar. 23, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Allocated Share-based Compensation Expense	$156,000	$176,000
Employee and Non Employee Service Share-based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized	$1,200,000	$1,200,000
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$0.09	$0.08
Cumulative Average Volume Weighted Average Price, Per Share	15.00%	'
Director Fees [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	1,982	'
Director Stock Option [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	25,000	'
Employee Stock Option [Member] | Restricted Stock Units (RSUs) [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	50,000	'

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 22, 2014	Mar. 23, 2013	Dec. 28, 2013
Segment Information [Line Items]	'	'	'
Revenues from external customers	$34,074	$31,838	'
Operating income (loss)	3,534	3,048	'
Net income (loss)	2,251	1,624	'
Total assets	133,619	125,994	141,974
Sporting Goods [Member]	'	'	'
Segment Information [Line Items]	'	'	'
Revenues from external customers	27,721	25,265	'
Operating income (loss)	4,269	4,225	'
Net income (loss)	2,619	2,561	'
Total assets	84,242	79,527	'
Information Security and Print Finishing [Member]	'	'	'
Segment Information [Line Items]	'	'	'
Revenues from external customers	6,353	6,573	'
Operating income (loss)	211	-452	'
Net income (loss)	-14	-617	'
Total assets	22,629	25,022	'
Corporate [Member]	'	'	'
Segment Information [Line Items]	'	'	'
Revenues from external customers	0	0	'
Operating income (loss)	-946	-725	'
Net income (loss)	-354	-320	'
Total assets	$26,748	$21,455	'

Dividend_Payment_Details_Textu

Dividend Payment (Details Textual) (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 22, 2014	Mar. 23, 2013
Dividend Payment Terms [Line Items]	'	'
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$0.09	$0.08
Dividends, Common Stock, Cash (in dollars)	$1.20	'

Earnings_Per_Share_Details

Earnings Per Share (Details)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 22, 2014	Mar. 23, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Weighted average common shares outstanding	13,686	13,447
Dilutive effect of stock options and restricted stock units	255	157
Weighted average common shares outstanding, assuming dilution	13,941	13,604

Earnings_Per_Share_Details_Tex

Earnings Per Share (Details Textual)	3 Months Ended
	Mar. 22, 2014	Mar. 23, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	75,000	559,250