Escalade (ESCA) 10-Q 21 Apr 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 21, 2015	Apr. 10, 2015
Document Information [Line Items]
Entity Registrant Name	ESCALADE INC
Entity Central Index Key	33488
Current Fiscal Year End Date	-14
Entity Filer Category	Accelerated Filer
Trading Symbol	ESCA
Entity Common Stock, Shares Outstanding		14,031,686
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	21-Mar-15
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

CONSOLIDATED_CONDENSED_BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)	Mar. 21, 2015	Dec. 27, 2014	Mar. 22, 2014
In Thousands, unless otherwise specified
Current Assets:
Cash and cash equivalents	$1,522	$3,232	$1,603
Time deposits	1,450	1,450	1,450
Receivables, less allowance of $864; $900; and $1,127; respectively	28,419	32,150	26,973
Inventories	29,981	23,775	23,393
Prepaid expenses	1,712	1,622	907
Deferred income tax benefit	1,126	925	2,104
Prepaid income tax	3,610	5,697	604
Assets held for sale	0	0	16,170
TOTAL CURRENT ASSETS	67,820	68,851	73,204
Property, plant and equipment, net	11,592	11,596	10,487
Intangible assets, net	12,831	13,465	10,428
Goodwill	14,875	14,875	13,113
Investments	17,727	18,949	19,979
Other assets	21	145	145
Assets held for sale	0	0	6,263
TOTAL ASSETS	124,866	127,881	133,619
Current Liabilities:
Notes payable	13,742	16,200	13,871
Current portion of long-term debt	1,592	1,586	1,569
Trade accounts payable	4,816	1,853	3,610
Accrued liabilities	8,544	12,107	8,117
Liabilities held for sale	0	0	6,432
TOTAL CURRENT LIABILITIES	28,694	31,746	33,599
Other Liabilities:
Long-term debt	2,960	3,360	4,551
Deferred income tax liability	2,997	2,996	5,393
TOTAL LIABILITIES	34,651	38,102	43,543
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 - 14,025,184; 13,998,090; and 13,786,966; shares respectively	14,025	13,998	13,787
Retained earnings	80,042	77,745	70,944
Accumulated other comprehensive income (loss)	-3,852	-1,964	5,345
TOTAL STOCKHOLDERS' EQUITY	90,215	89,779	90,076
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$124,866	$127,881	$133,619

CONSOLIDATED_CONDENSED_BALANCE1

CONSOLIDATED CONDENSED BALANCE SHEET (Parenthetical) (USD $)	Mar. 21, 2015	Dec. 27, 2014	Mar. 22, 2014
In Thousands, except Share data, unless otherwise specified
Receivables allowance (in dollars)	$864	$900	$1,127
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	14,025,184	13,998,090	13,786,966
Common stock, shares outstanding	14,025,184	13,998,090	13,786,966

CONSOLIDATED_CONDENSED_STATEME

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 21, 2015	Mar. 22, 2014
Net sales	$33,419	$27,721
Costs, Expenses and Other Income
Cost of products sold	22,585	18,713
Selling, administrative and general expenses	5,914	5,115
Amortization	633	571
Operating Income	4,287	3,322
Interest expense	101	87
Other expense (income)	-733	-189
Income Before Income Taxes from Continuing Operations	4,919	3,424
Provision for Income Taxes from Continuing Operations	1,422	1,159
Net Income from Continuing Operations	3,497	2,265
Discontinued Operations
Income from operations	0	143
Provision for income taxes	0	157
Net Loss from Discontinued Operations	0	-14
Net Income	$3,497	$2,251
Basic Earnings Per Share Data:
Income from continuing operations (in dollars per share)	$0.25	$0.16
Loss from discontinued operations (in dollars per share)	$0	$0
Net Income (in dollars per share)	$0.25	$0.16
Diluted Earnings Per Share Data:
Income from continuing operations (in dollars per share)	$0.25	$0.16
Loss from discontinued operations (in dollars per share)	$0	$0
Net Income (in dollars per share)	$0.25	$0.16
Dividends declared	$0.10	$0.09

CONSOLIDATED_CONDENSED_STATEME1

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 21, 2015	Mar. 22, 2014
Net Income	$3,497	$2,251
Foreign currency translation adjustment	-1,888	425
Comprehensive Income	$1,609	$2,676

CONSOLIDATED_CONDENSED_STATEME2

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 21, 2015	Mar. 22, 2014
Operating Activities:
Net income	$3,497	$2,251
Depreciation and amortization	1,104	1,012
Gain on disposal of property and equipment	0	-1
Stock-based compensation	107	133
Additional discontinued operations activities	0	479
Adjustments necessary to reconcile net income to net cash provided by operating activities	-1,819	5,674
Net cash provided by operating activities	2,889	9,548
Investing Activities:
Purchase of property and equipment	-468	-276
Proceeds from sale of property and equipment	0	7
Proceeds from disposal of short-term time deposits	0	250
Discontinued operations activities	0	-3
Net cash used by investing activities	-468	-22
Financing Activities:
Net decrease in notes payable	-2,458	-7,828
Principal payments on long-term debt	-394	-389
Proceeds from exercise of stock options	96	533
Cash dividends paid	-1,403	-1,244
Director stock compensation	28	23
Net cash used by financing activities	-4,131	-8,905
Effect of exchange rate changes on cash	0	60
Net increase (decrease) in cash and cash equivalents	-1,710	681
Cash and cash equivalents, beginning of period (includes zero and $1,255 respectively of cash reported as assets held for sale)	3,232	2,346
Cash and cash equivalents, end of period (includes zero and $1,424 respectively of cash reported as assets held for sale)	1,522	3,027
Supplemental Cash Flows Information
Dividends payable	$1	$39

CONSOLIDATED_CONDENSED_STATEME3

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Parenthetical) (USD $)	Mar. 21, 2015	Dec. 27, 2014	Mar. 22, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents	$0	$0	$1,424	$1,255

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 21, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure and 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 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 27, 2014 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 2014 filed with the Securities and Exchange Commission.
	Reclassifications – Certain reclassifications have been made to prior year financial statements to conform to the current year financial statement presentation. These reclassifications had no effect on net earnings.

Seasonal_Aspects

Seasonal Aspects	3 Months Ended
	Mar. 21, 2015
Accounting Policies [Abstract]
Seasonal Aspects [Text Block]	Note B - Seasonal Aspects
	The results of operations for the three month period ended March 21, 2015 and March 22, 2014 are not necessarily indicative of the results to be expected for the full year.

Inventories

Inventories	3 Months Ended
	Mar. 21, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Note C - Inventories
	In thousands	March 21,		December 27,		March 22,
		2015		2014		2014
	Raw materials	$	3,870	$	3,950	$	4,523
	Work in progress		4,306		3,967		4,280
	Finished goods		21,805		15,858		14,590
		$	29,981	$	23,775	$	23,393
	Additionally, the Company had inventory totaling, zero, zero and $9,540 that has been reclassified to assets held for sale at March 21, 2015, December 27, 2014 and March 22, 2014, respectively.

Equity_Interest_Investments

Equity Interest Investments	3 Months Ended
	Mar. 21, 2015
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 goodwill for Stiga was fully amortized as of December 27, 2014. The effect on Stiga’s net assets resulting from the cumulative amortization of goodwill for the periods ended March 21, 2015 and March 22, 2014 are addbacks to Stiga’s consolidated financial information of $10.3 million and $13.8 million, respectively. These net differences are comprised of cumulative goodwill adjustments of $14.4 million offset by the related cumulative tax effect of $4.1 million as of March 21, 2015 and cumulative goodwill adjustments of $19.3 million offset by the related cumulative tax effect of $5.5 million as of March 22, 2014. The Company’s 50% portion of the statement of operations impact of these goodwill and tax adjustments and other individually insignificant U.S. GAAP adjustments for the periods ended March 21, 2015, and March 22, 2014 are to increase Stiga’s net income by approximately zero and $0.2 million, respectively. The Company’s 50% portion of net income for Stiga for the periods ended March 21, 2015 and March 22, 2014 was $666 thousand and $189 thousand, respectively, and is included in other income (expense) on the Company’s statements of operations.
	Summarized financial information for Stiga Sports AB balance sheets as of March 21, 2015, December 27, 2014, and March 22, 2014 and statements of operations for the three months ended March 21, 2015 and March 22, 2014 is as follows:
	In thousands	March 21,		December 27,		March 22,
		2015		2014		2014
	Current assets	$	25,295	$	30,539	$	26,775
	Non-current assets		7,869		8,082		9,444
	Total assets		33,164		38,621		36,219
	Current liabilities		4,334		7,669		5,498
	Non-current liabilities		4,167		4,229		4,991
	Total liabilities		8,501		11,898		10,489
	Net assets	$	24,663	$	26,723	$	25,730
		Three Months Ended
		March 21,		March 22,
		2015		2014
	Net sales	$	5,599	$	5,345
	Gross profit		2,871		2,856
	Net income		518		93

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 21, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note E – Income Taxes
	The provision for income taxes was computed based on financial statement income. In accordance with FASB Accounting Standards Codification (ASC) 740, the Company has recorded the following changes in uncertain tax positions:
			Three Months Ended
	In thousands		March 21, 2015		March 22, 2014
	Beginning balance	$	—	$	—
	Additions for current year tax positions		—		—
	Additions for prior year tax positions		—		—
	Settlements		—		—
	Reductions or settlements		—		—
	Reductions for prior year tax positions		—		—
	Ending balance	$	—	$	—

Fair_Values_of_Financial_Instr

Fair Values of Financial Instruments	3 Months Ended
	Mar. 21, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	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 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 21, 2015, December 27, 2014 and March 22, 2014.
				Fair Value Measurements Using
	March 21, 2015	Carrying		Quoted		Significant		Significant
	In thousands	Amount		Prices in		Other		Unobservable
				Active		Observable		Inputs
				Markets for		Inputs		(Level 3)
				Identical		(Level 2)
				Assets
				(Level 1)
	Financial assets
	Cash and cash equivalents	$	1,522	$	1,522	$	—	$	—
	Time deposits	$	1,450	$	1,450	$	—	$	—
	Financial liabilities
	Notes payable	$	13,742	$	—	$	13,742	$	—
	Current portion of long-term debt	$	1,592	$	—	$	1,592	$	—
	Long-term debt	$	2,960	$	—	$	2,960	$	—
				Fair Value Measurements Using
	December 27, 2014	Carrying		Quoted		Significant		Significant
	In thousands	Amount		Prices in		Other		Unobservable
				Active		Observable		Inputs
				Markets for		Inputs		(Level 3)
				Identical		(Level 2)
				Assets
				(Level 1)
	Financial assets
	Cash and cash equivalents	$	3,232	$	3,232	$	—	$	—
	Time deposits	$	1,450	$	1,450	$	—	$	—
	Financial liabilities
	Notes payable	$	16,200	$	—	$	16,200	$	—
	Current portion of long-term debt	$	1,586	$	—	$	1,586	$	—
	Long-term debt	$	3,360	$	—	$	3,360	$	—
				Fair Value Measurements Using
	March 22, 2014	Carrying		Quoted		Significant		Significant
	In thousands	Amount		Prices in		Other		Unobservable
				Active		Observable		Inputs
				Markets for		Inputs		(Level 3)
				Identical		(Level 2)
				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 long-term debt	$	1,569	$	—	$	1,569	$	—
	Long-term debt	$	4,551	$	—	$	4,551	$	—

Stock_Compensation

Stock Compensation	3 Months Ended
	Mar. 21, 2015
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	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 three months ended March 21, 2015 and pursuant to the 2007 Incentive Plan, in lieu of director fees, the Company awarded to certain directors 844 shares of common stock. In addition, the Company awarded 8,000 restricted stock units to directors and 38,250 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 vest 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 2015 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 $0.10 per share by the Company during such four year period. The Company utilizes the Monte Carlo technique to determine the fair value of restricted stock units granted for awards with market conditions.
	For the three months ended March 21, 2015 and March 22, 2014, the Company recognized stock based compensation expense of $135 thousand and $156 thousand, respectively. At March 21, 2015 and March 22, 2014, respectively, there was $1.1 million and $1.2 million in unrecognized stock-based compensation expense related to non-vested stock awards.

Discontinued_Operations

Discontinued Operations	3 Months Ended
	Mar. 21, 2015
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Note H – Discontinued Operations
	On October 1, 2014, the Company completed the sale of the Information Security business. The sale of the Information Security business, coupled with the sale of our Print Finishing business on June 30, 2014, represents the Company’s exit from the Information Security and Print Finishing segment. As a result, the Information Security and Print Finishing segment has been classified as discontinued operations for all periods presented and certain assets and liabilities in prior periods are classified as held for sale.
	The fair value for these assets was determined by estimating the most likely sale price with a third-party buyer based on market data. Because of the significance of the unobservable inputs and management’s judgment used in the assets held for sale analysis, these measurements were classified in level three of the valuation hierarchy.
	The results of operations presented as discontinued operations are summarized below.
		Three Months Ended
	All Amounts in Thousands	March 21,		March 22,
		2015		2014
	Net sales	$	—	$	6,353
	Cost of products sold		—		4,006
	Selling, administrative and general expenses		—		2,136
	Interest expense		—		69
	Other expense (income)		—		-1
	Income Before Income Taxes		—		143
	Discontinued Operations
	Income from operations		—		—
	Provision for income taxes		—		157
	Net Loss from Discontinued Operations	$	—	$	-14
	The assets and liabilities held for sale are summarized below.
	All Amounts in Thousands	March 21,		December 27,		March 22,
		2015		2014		2014
	ASSETS
	Cash and cash equivalents	$	—	$	—	$	1,424
	Receivables, net		—		—		4,620
	Inventories		—		—		9,540
	Prepaid expenses		—		—		554
	Property, plant and equipment, net		—		—		4,174
	Intangible assets		—		—		1,758
	Investments		—		—		331
	Other assets		—		—		32
	Assets held for sale	$	—	$	—	$	22,433
	LIABILITIES
	Trade accounts payable	$	—	$	—	$	898
	Accrued liabilities		—		—		5,534
	Liabilities held for sale	$	—	$	—	$	6,432

Segment_Information

Segment Information	3 Months Ended
	Mar. 21, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Note I - Segment Information
	The Information Security and Print Finishing segment has been classified as discontinued operations for all periods presented.
		As of and for the Three Months
		Ended March 21, 2015
	In thousands	Sporting		Discontinued		Corp.		Total
		Goods		Operations
	Revenues from external customers	$	33,419	$	—	$	—	$	33,419
	Operating income (loss)		5,244		—		-957		4,287
	Net income		3,216		—		281		3,497
	Total assets	$	98,470	$	—	$	26,396	$	124,866
		As of and for the Three Months
		Ended March 22, 2014
	In thousands	Sporting		Discontinued		Corp.		Total
		Goods		Operations
	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

Dividend_Payment

Dividend Payment	3 Months Ended
	Mar. 21, 2015
Accounting Policies [Abstract]
Dividend Payment Terms [Text Block]	Note J – Dividend Payment
	On March 20, 2015, the Company paid a quarterly dividend of $0.10 per common share to all shareholders of record on March 13, 2015. The total amount of the dividend was approximately $1.4 million and was charged against retained earnings.

Earnings_Per_Share

Earnings Per Share	3 Months Ended
	Mar. 21, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note K - 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 21,		March 22,
		2015		2014
	Weighted average common shares outstanding		14,015		13,686
	Dilutive effect of stock options and restricted stock units		235		255
	Weighted average common shares outstanding, assuming dilution		14,250		13,941
	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 2015 and 2014 were 38,250 and 75,000, respectively.

New_Accounting_Standards

New Accounting Standards	3 Months Ended
	Mar. 21, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note L – New Accounting Standards
	There have been no recent accounting pronouncements or changes in accounting pronouncements during the three months ended March 21, 2015, as compared to the recent accounting pronouncements described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 27, 2014, that are of significance, or potential significance to the Company.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 21, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note M – 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.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 21, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note N – Subsequent Events
	On April 1, 2015, the Company paid in full the $2.7 million mortgage payable that was secured by the real estate in Wabash, Indiana.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 21, 2015
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 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 27, 2014 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 2014 filed with the Securities and Exchange Commission.
Reclassification, Policy [Policy Text Block]	Reclassifications – Certain reclassifications have been made to prior year financial statements to conform to the current year financial statement presentation. These reclassifications had no effect on net earnings.

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Mar. 21, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	In thousands	March 21,		December 27,		March 22,
		2015		2014		2014
	Raw materials	$	3,870	$	3,950	$	4,523
	Work in progress		4,306		3,967		4,280
	Finished goods		21,805		15,858		14,590
		$	29,981	$	23,775	$	23,393

Equity_Interest_Investments_Ta

Equity Interest Investments (Tables)	3 Months Ended
	Mar. 21, 2015
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 21, 2015, December 27, 2014, and March 22, 2014 and statements of operations for the three months ended March 21, 2015 and March 22, 2014 is as follows:
	In thousands	March 21,		December 27,		March 22,
		2015		2014		2014
	Current assets	$	25,295	$	30,539	$	26,775
	Non-current assets		7,869		8,082		9,444
	Total assets		33,164		38,621		36,219
	Current liabilities		4,334		7,669		5,498
	Non-current liabilities		4,167		4,229		4,991
	Total liabilities		8,501		11,898		10,489
	Net assets	$	24,663	$	26,723	$	25,730
Schedule of Joint Ventures Income Statement Information [Table Text Block]		Three Months Ended
		March 21,		March 22,
		2015		2014
	Net sales	$	5,599	$	5,345
	Gross profit		2,871		2,856
	Net income		518		93

Income_Taxes_Tables

Income Taxes (Tables)	3 Months Ended
	Mar. 21, 2015
Income Tax Disclosure [Abstract]
Schedule Of Uncertain Tax Benefits [Table Text Block]	The provision for income taxes was computed based on financial statement income. In accordance with FASB Accounting Standards Codification (ASC) 740, the Company has recorded the following changes in uncertain tax positions:
			Three Months Ended
	In thousands		March 21, 2015		March 22, 2014
	Beginning balance	$	—	$	—
	Additions for current year tax positions		—		—
	Additions for prior year tax positions		—		—
	Settlements		—		—
	Reductions or settlements		—		—
	Reductions for prior year tax positions		—		—
	Ending balance	$	—	$	—

Fair_Values_of_Financial_Instr1

Fair Values of Financial Instruments (Tables)	3 Months Ended
	Mar. 21, 2015
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 21, 2015, December 27, 2014 and March 22, 2014.
				Fair Value Measurements Using
	March 21, 2015	Carrying		Quoted		Significant		Significant
	In thousands	Amount		Prices in		Other		Unobservable
				Active		Observable		Inputs
				Markets for		Inputs		(Level 3)
				Identical		(Level 2)
				Assets
				(Level 1)
	Financial assets
	Cash and cash equivalents	$	1,522	$	1,522	$	—	$	—
	Time deposits	$	1,450	$	1,450	$	—	$	—
	Financial liabilities
	Notes payable	$	13,742	$	—	$	13,742	$	—
	Current portion of long-term debt	$	1,592	$	—	$	1,592	$	—
	Long-term debt	$	2,960	$	—	$	2,960	$	—
				Fair Value Measurements Using
	December 27, 2014	Carrying		Quoted		Significant		Significant
	In thousands	Amount		Prices in		Other		Unobservable
				Active		Observable		Inputs
				Markets for		Inputs		(Level 3)
				Identical		(Level 2)
				Assets
				(Level 1)
	Financial assets
	Cash and cash equivalents	$	3,232	$	3,232	$	—	$	—
	Time deposits	$	1,450	$	1,450	$	—	$	—
	Financial liabilities
	Notes payable	$	16,200	$	—	$	16,200	$	—
	Current portion of long-term debt	$	1,586	$	—	$	1,586	$	—
	Long-term debt	$	3,360	$	—	$	3,360	$	—
				Fair Value Measurements Using
	March 22, 2014	Carrying		Quoted		Significant		Significant
	In thousands	Amount		Prices in		Other		Unobservable
				Active		Observable		Inputs
				Markets for		Inputs		(Level 3)
				Identical		(Level 2)
				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 long-term debt	$	1,569	$	—	$	1,569	$	—
	Long-term debt	$	4,551	$	—	$	4,551	$	—

Discontinued_Operations_Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 21, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	The results of operations presented as discontinued operations are summarized below.
		Three Months Ended
	All Amounts in Thousands	March 21,		March 22,
		2015		2014
	Net sales	$	—	$	6,353
	Cost of products sold		—		4,006
	Selling, administrative and general expenses		—		2,136
	Interest expense		—		69
	Other expense (income)		—		-1
	Income Before Income Taxes		—		143
	Discontinued Operations
	Income from operations		—		—
	Provision for income taxes		—		157
	Net Loss from Discontinued Operations	$	—	$	-14
	The assets and liabilities held for sale are summarized below.
	All Amounts in Thousands	March 21,		December 27,		March 22,
		2015		2014		2014
	ASSETS
	Cash and cash equivalents	$	—	$	—	$	1,424
	Receivables, net		—		—		4,620
	Inventories		—		—		9,540
	Prepaid expenses		—		—		554
	Property, plant and equipment, net		—		—		4,174
	Intangible assets		—		—		1,758
	Investments		—		—		331
	Other assets		—		—		32
	Assets held for sale	$	—	$	—	$	22,433
	LIABILITIES
	Trade accounts payable	$	—	$	—	$	898
	Accrued liabilities		—		—		5,534
	Liabilities held for sale	$	—	$	—	$	6,432

Segment_Information_Tables

Segment Information (Tables)	3 Months Ended
	Mar. 21, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The Information Security and Print Finishing segment has been classified as discontinued operations for all periods presented.
		As of and for the Three Months
		Ended March 21, 2015
	In thousands	Sporting		Discontinued		Corp.		Total
		Goods		Operations
	Revenues from external customers	$	33,419	$	—	$	—	$	33,419
	Operating income (loss)		5,244		—		-957		4,287
	Net income		3,216		—		281		3,497
	Total assets	$	98,470	$	—	$	26,396	$	124,866
		As of and for the Three Months
		Ended March 22, 2014
	In thousands	Sporting		Discontinued		Corp.		Total
		Goods		Operations
	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

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	3 Months Ended
	Mar. 21, 2015
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 21,		March 22,
		2015		2014
	Weighted average common shares outstanding		14,015		13,686
	Dilutive effect of stock options and restricted stock units		235		255
	Weighted average common shares outstanding, assuming dilution		14,250		13,941

Inventories_Details

Inventories (Details) (USD $)	Mar. 21, 2015	Dec. 27, 2014	Mar. 22, 2014
In Thousands, unless otherwise specified
Inventory [Line Items]
Raw materials	$3,870	$3,950	$4,523
Work in progress	4,306	3,967	4,280
Finished goods	21,805	15,858	14,590
Total Inventory	$29,981	$23,775	$23,393

Inventories_Details_Textual

Inventories (Details Textual) (USD $)	Mar. 21, 2015	Dec. 27, 2014	Mar. 22, 2014
In Thousands, unless otherwise specified
Inventory [Line Items]
Disposal Group, Including Discontinued Operation, Inventory	$0	$0	$9,540

Equity_Interest_Investments_De

Equity Interest Investments (Details) (USD $)	Mar. 21, 2015	Dec. 27, 2014	Mar. 22, 2014
In Thousands, unless otherwise specified
Schedule of Equity Method Investments [Line Items]
Current assets	$67,820	$68,851	$73,204
Total assets	124,866	127,881	133,619
Current liabilities	28,694	31,746	33,599
Total liabilities	34,651	38,102	43,543
Stiga Sports AB [Member]
Schedule of Equity Method Investments [Line Items]
Current assets	25,295	30,539	26,775
Non-current assets	7,869	8,082	9,444
Total assets	33,164	38,621	36,219
Current liabilities	4,334	7,669	5,498
Non-current liabilities	4,167	4,229	4,991
Total liabilities	8,501	11,898	10,489
Net assets	$24,663	$26,723	$25,730

Equity_Interest_Investments_De1

Equity Interest Investments (Details 1) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 21, 2015	Mar. 22, 2014
Schedule of Equity Method Investments [Line Items]
Net sales	$33,419	$27,721
Net income	3,497	2,251
Stiga Sports AB [Member]
Schedule of Equity Method Investments [Line Items]
Net sales	5,599	5,345
Gross profit	2,871	2,856
Net income	$518	$93

Equity_Interest_Investments_De2

Equity Interest Investments (Details Textual) (USD $)	3 Months Ended
	Mar. 21, 2015	Mar. 22, 2014
Schedule of Equity Method Investments [Line Items]
Net Income (Loss) Attributable To Parent	$3,497,000	$2,251,000
Stiga Sports AB [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Amortization Of Goodwill	10,300,000	13,800,000
Goodwill, Translation Adjustments	14,400,000	19,300,000
Cumulative goodwill adjustments, tax effect	4,100,000	5,500,000
Adjustments For Net Income Impact	0	200,000
Stiga Sports AB [Member] | Parent [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%	50.00%
Net Income (Loss) Attributable To Parent	$666,000	$189,000

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 21, 2015	Mar. 22, 2014
Income Tax Contingency [Line Items]
Beginning balance	$0	$0
Additions for current year tax positions	0	0
Additions for prior year tax positions	0	0
Settlements	0	0
Reductions or settlements	0	0
Reductions for prior year tax positions	0	0
Ending balance	$0	$0

Fair_Values_of_Financial_Instr2

Fair Values of Financial Instruments (Details) (USD $)	Mar. 21, 2015	Dec. 27, 2014	Mar. 22, 2014
In Thousands, unless otherwise specified
Financial assets, Carrying Amount
Cash and cash equivalents, Carrying Amount	$1,522	$3,232	$1,603
Time deposits, Carrying Amount	1,450	1,450	1,450
Financial liabilities, Carrying Amount
Notes payable, Carrying Amount	13,742	16,200	13,871
Current portion of Long-term debt, Carrying Amount	1,592	1,586	1,569
Long-term debt, Carrying Amount	2,960	3,360	4,551
Fair Value, Inputs, Level 1 [Member]
Financial assets, Fair Value
Cash and cash equivalents, Fair Value	1,522	3,232	3,027
Time deposits, Fair Value	1,450	1,450	1,450
Financial liabilities, Fair Value
Notes payable, Fair Value	0	0	0
Current portion of Long-term debt, Fair Value	0	0	0
Long-term debt, Fair Value	0	0	0
Fair Value, Inputs, Level 2 [Member]
Financial assets, Fair Value
Cash and cash equivalents, Fair Value	0	0	0
Time deposits, Fair Value	0	0	0
Financial liabilities, Fair Value
Notes payable, Fair Value	13,742	16,200	13,871
Current portion of Long-term debt, Fair Value	1,592	1,586	1,569
Long-term debt, Fair Value	2,960	3,360	4,551
Fair Value, Inputs, Level 3 [Member]
Financial assets, Fair Value
Cash and cash equivalents, Fair Value	0	0	0
Time deposits, Fair Value	0	0	0
Financial liabilities, Fair Value
Notes payable, Fair Value	0	0	0
Current portion of Long-term debt, Fair Value	0	0	0
Long-term debt, Fair Value	$0	$0	$0

Stock_Compensation_Details_Tex

Stock Compensation (Details Textual) (USD $)	0 Months Ended	3 Months Ended
	Mar. 20, 2015	Mar. 21, 2015	Mar. 22, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense		$135,000	$156,000
Employee and Non Employee Service Share-based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized		$1,100,000	$1,200,000
Cumulative Average Volume Weighted Average Price Per Share		15.00%
Common Stock, Dividends, Per Share, Declared	$0.10	$0.10	$0.09
Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Gross		844
Employee Stock Option [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Gross		8,000
Employee Stock Option [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Gross		38,250

Discontinued_Operations_Detail

Discontinued Operations (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 21, 2015	Mar. 22, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	$0	$6,353
Cost of products sold	0	4,006
Selling, administrative and general expenses	0	2,136
Interest expense	0	69
Other expense (income)	0	-1
Income Before Income Taxes	0	143
Discontinued Operations
Income from operations	0	0
Provision for income taxes	0	157
Net Loss from Discontinued Operations	$0	($14)

Discontinued_Operations_Detail1

Discontinued Operations (Details 1) (USD $)	Mar. 21, 2015	Dec. 27, 2014	Mar. 22, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
ASSETS
Cash and cash equivalents	$0	$0	$1,424	$1,255
Receivables, net	0	0	4,620
Inventories	0	0	9,540
Prepaid expenses	0	0	554
Property, plant and equipment, net	0	0	4,174
Intangible assets	0	0	1,758
Investments	0	0	331
Other assets	0	0	32
Assets held for sale	0	0	22,433
LIABILITIES
Trade accounts payable	0	0	898
Accrued liabilities	0	0	5,534
Liabilities held for sale	$0	$0	$6,432

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 21, 2015	Mar. 22, 2014	Dec. 27, 2014
Segment Reporting Information [Line Items]
Revenues from external customers	$33,419	$34,074
Operating income (loss)	4,287	3,534
Net income	3,497	2,251
Total assets	124,866	133,619	127,881
Sporting Goods [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	33,419	27,721
Operating income (loss)	5,244	4,269
Net income	3,216	2,619
Total assets	98,470	84,242
Discontinued Operations [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	0	6,353
Operating income (loss)	0	211
Net income	0	-14
Total assets	0	22,629
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	0	0
Operating income (loss)	-957	-946
Net income	281	-354
Total assets	$26,396	$26,748

Dividend_Payment_Details_Textu

Dividend Payment (Details Textual) (USD $)	0 Months Ended	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 20, 2015	Mar. 21, 2015	Mar. 22, 2014
Dividend Payment Terms [Line Items]
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$0.10	$0.10	$0.09
Dividends, Common Stock, Cash (in dollars)	$1.40

Earnings_Per_Share_Details

Earnings Per Share (Details)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 21, 2015	Mar. 22, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average common shares outstanding	14,015	13,686
Dilutive effect of stock options and restricted stock units	235	255
Weighted average common shares outstanding, assuming dilution	14,250	13,941

Earnings_Per_Share_Details_Tex

Earnings Per Share (Details Textual)	3 Months Ended
	Mar. 21, 2015	Mar. 22, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	38,250	75,000

Subsequent_Events_Details_Text

Subsequent Events (Details Textual) (Mortgages [Member], Subsequent Event [Member], USD $)	0 Months Ended
In Millions, unless otherwise specified	Apr. 01, 2015
Mortgages [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Repayments of Debt	$2.70