Escalade (ESCA) 10-Q 27 Oct 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Oct. 01, 2016	Oct. 26, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 1, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Registrant Name	ESCALADE INC
Entity Central Index Key	33,488
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Trading Symbol	ESCA
Entity Common Stock, Shares Outstanding		14,301,959

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 01, 2016	Dec. 26, 2015	Oct. 03, 2015
Current Assets:
Cash and cash equivalents	$ 4,306	$ 1,982	$ 2,701
Receivables, less allowance of $554; $1,086; and $885; respectively	37,034	38,984	31,407
Inventories	42,936	25,862	40,337
Prepaid expenses	2,492	2,534	2,134
Deferred income tax benefit	1,553	1,543	949
Prepaid income tax	952	1,910	1,699
Other current assets	395	0	0
TOTAL CURRENT ASSETS	89,668	72,815	79,227
Property, plant and equipment, net	13,665	14,363	13,848
Intangible assets, net	21,221	16,868	17,517
Goodwill	21,456	20,047	20,142
Investments	19,268	19,644	18,799
Other assets	0	0	5
TOTAL ASSETS	165,278	143,737	149,538
Current Liabilities:
Notes payable	30,686	19,776	27,963
Current portion of long-term debt	1,405	1,810	1,810
Trade accounts payable	9,726	2,547	6,630
Accrued liabilities	10,342	14,174	12,430
TOTAL CURRENT LIABILITIES	52,159	38,307	48,833
Other Liabilities:
Long-term debt	5,313	1,750	1,750
Deferred income tax liability	7,166	7,200	5,031
TOTAL LIABILITIES	64,638	47,257	55,614
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 - 14,301,959; 14,179,844; and 14,125,935; shares respectively	14,302	14,180	14,126
Retained earnings	89,582	85,478	83,064
Accumulated other comprehensive loss	(3,244)	(3,178)	(3,266)
TOTAL STOCKHOLDERS' EQUITY	100,640	96,480	93,924
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 165,278	$ 143,737	$ 149,538

CONSOLIDATED CONDENSED BALANCE3

CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Oct. 01, 2016	Dec. 26, 2015	Oct. 03, 2015
Receivables allowance (in dollars)	$ 554	$ 1,086	$ 885
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	14,301,959	14,179,844	14,125,935
Common stock, shares outstanding	14,301,959	14,179,844	14,125,935

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015	Oct. 01, 2016	Oct. 03, 2015
Net sales	$ 38,793	$ 34,584	$ 121,824	$ 111,798
Costs and Expenses
Cost of products sold	28,505	25,156	87,793	78,336
Selling, administrative and general expenses	4,583	6,905	21,256	21,018
Amortization	376	650	1,963	2,127
Operating Income	5,329	1,873	10,812	10,317
Other Income (Expense)
Interest expense	(211)	(108)	(631)	(340)
Equity in earnings of affiliates	573	1,069	749	2,080
Other income	35	39	168	276
Income Before Income Taxes	5,726	2,873	11,098	12,333
Provision for Income Taxes	1,483	845	3,068	3,586
Net Income	$ 4,243	$ 2,028	$ 8,030	$ 8,747
Earnings Per Share Data:
Basic earnings per share (in dollars per share)	$ 0.3	$ 0.14	$ 0.56	$ 0.62
Diluted earnings per share (in dollars per share)	0.3	0.14	0.56	0.61
Dividends declared	$ 0.11	$ 0.11	$ 0.33	$ 0.32

CONSOLIDATED CONDENSED STATEME5

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015	Oct. 01, 2016	Oct. 03, 2015
Net Income	$ 4,243	$ 2,028	$ 8,030	$ 8,747
Foreign currency translation adjustment	3	168	(66)	(1,302)
Comprehensive Income	$ 4,246	$ 2,196	$ 7,964	$ 7,445

CONSOLIDATED CONDENSED STATEME6

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015
Operating Activities:
Net income	$ 8,030	$ 8,747
Depreciation and amortization	4,482	3,812
Loss (gain) on disposal of property and equipment	(2,112)	1
Stock-based compensation	230	440
Dividends received from equity method investments	1,060	928
Adjustments necessary to reconcile net income to net cash provided by operating activities	(9,778)	(8,147)
Net cash provided by operating activities	1,912	5,781
Investing Activities:
Purchase of property and equipment	(2,206)	(3,900)
Acquisitions	(9,659)	(10,300)
Proceeds from sale of property and equipment	2,523	0
Purchase of marketable securities	(395)	0
Proceeds from disposal of short-term time deposits	0	1,450
Net cash used in investing activities	(9,737)	(12,750)
Financing Activities:
Net increase in notes payable	10,910	11,764
Principal payments on long-term debt	(1,644)	(1,586)
Proceeds from issuance of long-term debt	5,000	0
Proceeds from exercise of stock options	531	733
Deferred financing fees	(83)	0
Cash dividends paid	(4,709)	(4,511)
Director stock compensation	144	38
Net cash provided by financing activities	10,149	6,438
Net increase (decrease) in cash and cash equivalents	2,324	(531)
Cash and cash equivalents, beginning of period	1,982	3,232
Cash and cash equivalents, end of period	4,306	2,701
Supplemental Cash Flows Information
Dividends payable	0	3
Non-Cash Transactions
Note payable for deferred purchase price obligation	$ 0	$ 200

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Oct. 01, 2016
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

Seasonal Aspects

Seasonal Aspects	9 Months Ended
	Oct. 01, 2016
Accounting Policies [Abstract]
Seasonal Aspects [Text Block]	Note B – Seasonal Aspects The results of operations for the three and nine month periods ended October 1, 2016 and October 3, 2015 are not necessarily indicative of the results to be expected for the full year.

Inventories

Inventories	9 Months Ended
	Oct. 01, 2016
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Note C – Inventories In thousands October 1, December 26, October 3, Raw materials $ 5,467 $ 3,621 $ 4,943 Work in progress 5,093 4,297 5,168 Finished goods 32,376 17,944 30,226 $ 42,936 $ 25,862 $ 40,337

Equity Interest Investments

Equity Interest Investments	9 Months Ended
	Oct. 01, 2016
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments Disclosure [Text Block]	Note D – Equity Interest Investments The Company has a 50 10.4 10.7 14.6 4.2 14.9 4.2 50 0.4 Three Months Ended Nine Months Ended In thousands October 1, October 3, October 1, October 3, Equity in earnings of affiliates $ 573 $ 1,069 $ 749 $ 2,080 In thousands October 1, December 26, October 3, Current assets $ 28,857 $ 29,300 $ 31,044 Non-current assets 9,908 9,908 9,533 Total assets 38,765 39,208 40,577 Current liabilities 5,604 5,096 7,777 Non-current liabilities 5,583 5,835 5,736 Total liabilities 11,187 10,931 13,513 Net assets $ 27,578 $ 28,277 $ 27,064 Three Months Ended Nine Months Ended In thousands October 1, October 3, October 1, October 3, Net sales $ 10,635 $ 12,846 $ 27,161 $ 30,161 Gross profit 4,918 6,304 12,661 14,899 Net income 1,146 2,138 1,498 3,346

Income Taxes

Income Taxes	9 Months Ended
	Oct. 01, 2016
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.

Fair Values of Financial Instru

Fair Values of Financial Instruments	9 Months Ended
	Oct. 01, 2016
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 Fair values of cash and cash equivalents 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 approximates the carrying value and 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. Fair Value Measurements Using October 1, 2016 Carrying Quoted Significant Significant Financial assets Cash and cash equivalents $ 4,306 $ 4,306 $ — $ — Marketable securities $ 395 $ 395 $ — $ — Financial liabilities Notes payable $ 30,686 $ — $ 30,686 $ — Current portion of long-term debt $ 1,405 $ — $ 1,405 $ — Long-term debt $ 5,313 $ — $ 5,313 $ — Fair Value Measurements Using December 26, 2015 Carrying Quoted Significant Significant Financial assets Cash and cash equivalents $ 1,982 $ 1,982 $ — $ — Financial liabilities Notes payable $ 19,776 $ — $ 19,776 $ — Current portion of long-term debt $ 1,810 $ — $ 1,810 $ — Long-term debt $ 1,750 $ — $ 1,750 $ — Fair Value Measurements Using October 3, 2015 Carrying Quoted Significant Significant Financial assets Cash and cash equivalents $ 2,701 $ 2,701 $ — $ — Financial liabilities Notes payable $ 27,963 $ — $ 27,963 $ — Current portion of long-term debt $ 1,810 $ — $ 1,810 $ — Long-term debt $ 1,750 $ — $ 1,750 $ —

Stock Compensation

Stock Compensation	9 Months Ended
	Oct. 01, 2016
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 nine months ended October 1, 2016 and pursuant to the 2007 Incentive Plan, in lieu of cash payments of director fees, the Company awarded to certain directors 13,112 13,250 34,000 30 15 0.11 20,000 15 For the three and nine month periods ended October 1, 2016, including expense associated with issuing certain directors stock in lieu of cash for certain director fees, the Company recognized stock based compensation expense of ($ 13 374 155 478 0.6 0.8

Segment Information

Segment Information	9 Months Ended
	Oct. 01, 2016
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Note H – Segment Information For the Three Months In thousands Sporting Corp. Total Revenues from external customers $ 38,793 $ — $ 38,793 Operating income 4,334 995 5,329 Net income 2,502 1,741 4,243 As of and for the Nine Months In thousands Sporting Corp. Total Revenues from external customers $ 121,824 $ — $ 121,824 Operating income (loss) 11,324 (512) 10,812 Net income 6,492 1,538 8,030 Total assets $ 137,747 $ 27,531 $ 165,278 For the Three Months In thousands Sporting Corp. Total Revenues from external customers $ 34,584 $ — $ 34,584 Operating income (loss) 2,875 (1,002) 1,873 Net income 1,582 446 2,028 As of and for the Nine Months In thousands Sporting Corp. Total Revenues from external customers $ 111,798 $ — $ 111,798 Operating income (loss) 13,372 (3,055) 10,317 Net income 8,035 712 8,747 Total assets $ 124,423 $ 25,115 $ 149,538

Dividend Payment

Dividend Payment	9 Months Ended
	Oct. 01, 2016
Payments of Dividends [Abstract]
Dividend Payment Terms [Text Block]	Note I – Dividend Payment On September 19, 2016, the company paid a quarterly dividend of $0.11 per common share to all shareholders of record on September 12, 2016. The total amount of the dividend was approximately $1.6 million and was charged against retained earnings. On June 17, 2016, the company paid a quarterly dividend of $ 0.11 1.6 On March 21, 2016, the Company paid a quarterly dividend of $ 0.11 1.6

Earnings Per Share

Earnings Per Share	9 Months Ended
	Oct. 01, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note J – Earnings Per Share Three Months Ended Nine Months Ended In thousands October 1, October 3, October 1, October 3, Weighted average common shares outstanding 14,289 14,120 14,253 14,069 Dilutive effect of stock options and restricted stock units 60 190 60 188 Weighted average common shares outstanding, assuming dilution 14,349 14,310 14,313 14,257 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 2016 and 2015 were 64,000 4,200

New Accounting Standards

New Accounting Standards	9 Months Ended
	Oct. 01, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note K – 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 and nine month periods ended October 1, 2016, as compared to the recent accounting pronouncements described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 26, 2015, 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) In March 2016, FASB issued ASU 2016-09, “ Compensation – Stock Compensation (Topic 718) In August 2016, FASB issued ASU 2016-15, “ Statement of Cash Flows (Topic 230)

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 01, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note L – 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.

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Oct. 01, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	Note M – Property, Plant and Equipment During the three month periods ended October 1, 2016, the Company sold its Wabash, Indiana land and building for a purchase price of approximately $ 2.1 1.9

Acquisitions

Acquisitions	9 Months Ended
	Oct. 01, 2016
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Note N – Acquisitions On January 21, 2016, the Company acquired substantially all of the business and assets of Triumph Sports USA, Inc.’s business, a brand known for its innovative lines of indoor and outdoor games. Of the $ 10.0 9.5 0.5 1.4 1.4 0.1 0.6 1.4 6.3 This acquisition was not and would not have been material to the Company’s net sales, results of operations or total assets during the three and nine month periods ended October 1, 2016. Accordingly, our consolidated results from operations do not differ materially from historical performance as a result of this acquisition, and therefore, pro-forma results are not presented.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 01, 2016
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Presentation of Consolidated Condensed Financial Statements
Reclassification, Policy [Policy Text Block]	Reclassifications

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Oct. 01, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	In thousands October 1, December 26, October 3, Raw materials $ 5,467 $ 3,621 $ 4,943 Work in progress 5,093 4,297 5,168 Finished goods 32,376 17,944 30,226 $ 42,936 $ 25,862 $ 40,337

Equity Interest Investments (Ta

Equity Interest Investments (Tables)	9 Months Ended
	Oct. 01, 2016
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Other Nonoperating Income (Expense) [Table Text Block]	The Company’s 50% portion of net income for Stiga, included in equity in earnings of affiliates on the Company’s statements of operations, for the three and nine month periods ended October 1, 2016 and October 3, 2015 is as follows: Three Months Ended Nine Months Ended In thousands October 1, October 3, October 1, October 3, Equity in earnings of affiliates $ 573 $ 1,069 $ 749 $ 2,080
Schedule of Joint Ventures Financial Information [Table Text Block]	Summarized financial information for Stiga Sports AB balance sheets as of October 1, 2016, December 26, 2015, and October 3, 2015 and statements of operations for the three month and nine month periods ended October 1, 2016 and October 3, 2015 is as follows: In thousands October 1, December 26, October 3, Current assets $ 28,857 $ 29,300 $ 31,044 Non-current assets 9,908 9,908 9,533 Total assets 38,765 39,208 40,577 Current liabilities 5,604 5,096 7,777 Non-current liabilities 5,583 5,835 5,736 Total liabilities 11,187 10,931 13,513 Net assets $ 27,578 $ 28,277 $ 27,064
Schedule of Joint Ventures Income Statement Information [Table Text Block]	Three Months Ended Nine Months Ended In thousands October 1, October 3, October 1, October 3, Net sales $ 10,635 $ 12,846 $ 27,161 $ 30,161 Gross profit 4,918 6,304 12,661 14,899 Net income 1,146 2,138 1,498 3,346

Fair Values of Financial Inst24

Fair Values of Financial Instruments (Tables)	9 Months Ended
	Oct. 01, 2016
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 October 1, 2016, December 26, 2015 and October 3, 2015. Fair Value Measurements Using October 1, 2016 Carrying Quoted Significant Significant Financial assets Cash and cash equivalents $ 4,306 $ 4,306 $ — $ — Marketable securities $ 395 $ 395 $ — $ — Financial liabilities Notes payable $ 30,686 $ — $ 30,686 $ — Current portion of long-term debt $ 1,405 $ — $ 1,405 $ — Long-term debt $ 5,313 $ — $ 5,313 $ — Fair Value Measurements Using December 26, 2015 Carrying Quoted Significant Significant Financial assets Cash and cash equivalents $ 1,982 $ 1,982 $ — $ — Financial liabilities Notes payable $ 19,776 $ — $ 19,776 $ — Current portion of long-term debt $ 1,810 $ — $ 1,810 $ — Long-term debt $ 1,750 $ — $ 1,750 $ — Fair Value Measurements Using October 3, 2015 Carrying Quoted Significant Significant Financial assets Cash and cash equivalents $ 2,701 $ 2,701 $ — $ — Financial liabilities Notes payable $ 27,963 $ — $ 27,963 $ — Current portion of long-term debt $ 1,810 $ — $ 1,810 $ — Long-term debt $ 1,750 $ — $ 1,750 $ —

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Oct. 01, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	For the Three Months In thousands Sporting Corp. Total Revenues from external customers $ 38,793 $ — $ 38,793 Operating income 4,334 995 5,329 Net income 2,502 1,741 4,243 As of and for the Nine Months In thousands Sporting Corp. Total Revenues from external customers $ 121,824 $ — $ 121,824 Operating income (loss) 11,324 (512) 10,812 Net income 6,492 1,538 8,030 Total assets $ 137,747 $ 27,531 $ 165,278 For the Three Months In thousands Sporting Corp. Total Revenues from external customers $ 34,584 $ — $ 34,584 Operating income (loss) 2,875 (1,002) 1,873 Net income 1,582 446 2,028 As of and for the Nine Months In thousands Sporting Corp. Total Revenues from external customers $ 111,798 $ — $ 111,798 Operating income (loss) 13,372 (3,055) 10,317 Net income 8,035 712 8,747 Total assets $ 124,423 $ 25,115 $ 149,538

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Oct. 01, 2016
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 Nine Months Ended In thousands October 1, October 3, October 1, October 3, Weighted average common shares outstanding 14,289 14,120 14,253 14,069 Dilutive effect of stock options and restricted stock units 60 190 60 188 Weighted average common shares outstanding, assuming dilution 14,349 14,310 14,313 14,257

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Oct. 01, 2016	Dec. 26, 2015	Oct. 03, 2015
Inventory [Line Items]
Raw materials	$ 5,467	$ 3,621	$ 4,943
Work in progress	5,093	4,297	5,168
Finished goods	32,376	17,944	30,226
Inventories	$ 42,936	$ 25,862	$ 40,337

Equity Interest Investments (De

Equity Interest Investments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015	Oct. 01, 2016	Oct. 03, 2015
Schedule of Equity Method Investments [Line Items]
Equity in earnings of affiliates	$ 573	$ 1,069	$ 749	$ 2,080
Stiga Sports B [Member]
Schedule of Equity Method Investments [Line Items]
Equity in earnings of affiliates	$ 573	$ 1,069	$ 749	$ 2,080

Equity Interest Investments (29

Equity Interest Investments (Details 1) - USD ($) $ in Thousands	Oct. 01, 2016	Dec. 26, 2015	Oct. 03, 2015
Schedule of Equity Method Investments [Line Items]
Current assets	$ 89,668	$ 72,815	$ 79,227
Total assets	165,278	143,737	149,538
Current liabilities	52,159	38,307	48,833
Total liabilities	64,638	47,257	55,614
Stiga Sports AB [Member]
Schedule of Equity Method Investments [Line Items]
Current assets	28,857	29,300	31,044
Non-current assets	9,908	9,908	9,533
Total assets	38,765	39,208	40,577
Current liabilities	5,604	5,096	7,777
Non-current liabilities	5,583	5,835	5,736
Total liabilities	11,187	10,931	13,513
Net assets	$ 27,578	$ 28,277	$ 27,064

Equity Interest Investments (30

Equity Interest Investments (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015	Oct. 01, 2016	Oct. 03, 2015
Schedule of Equity Method Investments [Line Items]
Net sales	$ 38,793	$ 34,584	$ 121,824	$ 111,798
Net income	4,243	2,028	8,030	8,747
Stiga Sports AB [Member]
Schedule of Equity Method Investments [Line Items]
Net sales	10,635	12,846	27,161	30,161
Gross profit	4,918	6,304	12,661	14,899
Net income	$ 1,146	$ 2,138	$ 1,498	$ 3,346

Equity Interest Investments (31

Equity Interest Investments (Details Textual) - Stiga Sports AB [Member] - USD ($) $ in Millions	9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Amortization Of Goodwill	$ 10.4	$ 10.7
Goodwill, Translation Adjustments	14.6	14.9
Cumulative goodwill adjustments, tax effect	4.2	4.2
Adjustments For Net Income Impact	$ 0	$ 0.4
Parent [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%	50.00%

Fair Values of Financial Inst32

Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Oct. 01, 2016	Dec. 26, 2015	Oct. 03, 2015	Dec. 27, 2014
Financial assets, Carrying Amount
Cash and cash equivalents, Carrying Amount	$ 4,306	$ 1,982	$ 2,701	$ 3,232
Marketable securities, Carrying Amount	395
Financial liabilities, Carrying Amount
Notes payable, Carrying Amount	30,686	19,776	27,963
Current portion of long-term debt, Carrying Amount	1,405	1,810	1,810
Long-term debt, Carrying Amount	5,313	1,750	1,750
Fair Value, Inputs, Level 1 [Member]
Financial assets, Fair Value
Cash and cash equivalents, Fair Value	4,306	1,982	2,701
Marketable securities, Fair Value	395
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
Marketable securities, Fair Value	0
Financial liabilities, Fair Value
Notes payable, Fair Value	30,686	19,776	27,963
Current portion of long-term debt, Fair Value	1,405	1,810	1,810
Long-term debt, Fair Value	5,313	1,750	1,750
Fair Value, Inputs, Level 3 [Member]
Financial assets, Fair Value
Cash and cash equivalents, Fair Value	0	0	0
Marketable securities, Fair Value	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 ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015	Oct. 01, 2016	Oct. 03, 2015
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			20,000
Cumulative Average Volume Weighted Average Price Per Share			15.00%
Common Stock, Dividends, Per Share, Declared	$ 0.11	$ 0.11	$ 0.33	$ 0.32
Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Gross			13,112
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Debt Instrument, Convertible, Threshold Consecutive Trading Days			30 days
Common Stock, Dividends, Per Share, Declared			$ 0.11
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			13,250
Restricted Stock Units (RSUs) [Member] | Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Gross			34,000
Non-vested stock awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ (13)	$ 155	$ 374	$ 478
Employee and Non Employee Service Share-based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized	$ 600	$ 800	$ 600	$ 800
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Option Exercise Price, Percentage of Excess Amount to Share Price			15.00%

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015	Oct. 01, 2016	Oct. 03, 2015	Dec. 26, 2015
Segment Reporting Information [Line Items]
Revenues from external customers	$ 38,793	$ 34,584	$ 121,824	$ 111,798
Operating income (loss)	5,329	1,873	10,812	10,317
Net income (Loss)	4,243	2,028	8,030	8,747
Total assets	165,278	149,538	165,278	149,538	$ 143,737
Sporting Goods [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	38,793	34,584	121,824	111,798
Operating income (loss)	4,334	2,875	11,324	13,372
Net income (Loss)	2,502	1,582	6,492	8,035
Total assets	137,747	124,423	137,747	124,423
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	0	0	0	0
Operating income (loss)	995	(1,002)	(512)	(3,055)
Net income (Loss)	1,741	446	1,538	712
Total assets	$ 27,531	$ 25,115	$ 27,531	$ 25,115

Dividend Payment (Details Textu

Dividend Payment (Details Textual) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended
	Sep. 19, 2016	Jun. 17, 2016	Mar. 21, 2016
Dividend Payment Terms [Line Items]
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$ 0.11	$ 0.11	$ 0.11
Dividends, Common Stock, Cash (in dollars)	$ 1.6	$ 1.6	$ 1.6

Earnings Per Share (Details)

Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015	Oct. 01, 2016	Oct. 03, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average common shares outstanding	14,289	14,120	14,253	14,069
Dilutive effect of stock options and restricted stock units	60	190	60	188
Weighted average common shares outstanding, assuming dilution	14,349	14,310	14,313	14,257

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - shares	9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	64,000	4,200

Property, Plant and Equipment (

Property, Plant and Equipment (Details Textual) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 01, 2016	Oct. 01, 2016	Oct. 03, 2015
Proceeds from Sale of Property, Plant, and Equipment, Total		$ 2,523	$ 0
Gain (Loss) On Sale Of Property Plant Equipment		2,112	$ (1)
Land and Building [Member]
Proceeds from Sale of Property, Plant, and Equipment, Total	$ 2,100
Gain (Loss) On Sale Of Property Plant Equipment	$ 1,900	$ 1,900

Acquisitions (Details Textual)

Acquisitions (Details Textual) - USD ($) $ in Thousands	1 Months Ended
	Jan. 21, 2016	Oct. 01, 2016	Dec. 26, 2015	Oct. 03, 2015
Business Acquisition [Line Items]
Goodwill		$ 21,456	$ 20,047	$ 20,142
Triumph Sports USA, Inc [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	$ 1,400
Goodwill	1,400
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	1,400
Business Combination, Consideration Transferred, Total	10,000
Payments to Acquire Businesses, Gross	9,500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Contingent Liability	500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets	100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable	600
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total	$ 6,300