Escalade (ESCA) 10-K/A 29 Mar 24 2022 FY Annual report (amended) Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2022	Feb. 17, 2023	Jul. 09, 2022
Document Information [Line Items]
Document Type	10-K/A
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	0-6966
Entity Registrant Name	ESCALADE, INCORPORATED
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	13-2739290
Entity Address, Address Line One	817 Maxwell Ave
Entity Address, City or Town	Evansville
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	47711
City Area Code	812
Local Phone Number	467-1358
Title of 12(b) Security	Common Stock, No Par Value
Trading Symbol	ESCA
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 128,651,418
Entity Common Stock, Shares Outstanding (in shares)		13,612,457
Amendment Description	This Amendment No. 2 to the Annual Report on Form 10-K of Escalade, Incorporated (the “Company”) for the fiscal year ended December 31, 2022, amends both the Company’s Form 10-K 2022 originally filed with the Securities and Exchange Commission (“SEC”) on February 24, 2023 (the “Original Filing”) and the Company’s Amendment No. 1 on Form 10-K/A originally filed with the SEC on February 27, 2023 (“Amendment No. 1”).   The Company is filing this Amendment No. 2 to address management’s re-evaluation of disclosure controls and procedures and to reflect the identification of material weaknesses in the Company’s disclosure controls and procedures and internal control over financial reporting. The material weaknesses did not result in any change to the Company’s consolidated financial statements as set forth in either the Original Filing or Amendment No. 1. This Amendment No. 2 is limited in scope to make the following changes:     ● To amend Part I, Item 1A. Risk Factors to describe risks related to material weaknesses in the Company’s internal control over financial reporting that was identified subsequent to the filing of Amendment No. 1.     ● To amend Part II, Item 8. Financial Statements and Supplementary Data to revise the “Report of Independent Registered Public Accounting Firm” of FORVIS, LLP, on the Company’s internal control over financial reporting and the consolidated financial statements as of December 31, 2022.     ● To amend Part II, Item 9A. Controls and Procedures to reflect management’s conclusion that the Company’s disclosure controls and procedures were not effective as of December 31, 2022 due to material weaknesses in the Company’s internal control over financial reporting identified subsequent to the filing of Amendment No. 1.     ● To amend Exhibit 23.1, Consent of FORVIS, LLP   As required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended, new certifications by the Company’s principal executive officer and principal financial officer required under Section 302 of the Sarbanes-Oxley Act of 2002, dated March 29, 2024 have been executed and are filed herewith as Exhibits 31.1, 31.2, 32.1 and 32.1 to this Amendment No. 2. Part IV, Item 15 of both the Original Filing and Amendment No. 1 have been amended to reflect the new certifications.   Except as described above, no other changes have been made to the Original Filing or Amendment No. 1. This Amendment No. 2 continues to speak as of the date of the Original Filing, and the Company has not updated or amended the disclosures contained therein to reflect any events that occurred subsequent to the date of the Original Filing.  The filing of this Amendment No. 2 is not a representation that any statements contained in the Company’s Form 10-K are true and complete as of any date other than the date of the Original Filing, except for the amended statements contained in this Amendment No.2 which are as of the date of filing this Amendment No. 2. This Amendment No. 2 should thus be read in conjunction with the Original Filing and Amendment No. 1 and any of the Company’s other filings with the SEC subsequent to the dates of the Original Filing and Amendment No.1, together with any amendments to those filings.
Entity Central Index Key	0000033488
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	true

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 25, 2021
Current Assets:
Cash and cash equivalents	$ 3,967	$ 4,374
Receivables, less allowances of $492 and $457; respectively	57,419	65,991
Inventories	121,870	92,382
Prepaid expenses	4,942	7,569
Prepaid income tax	0	739
TOTAL CURRENT ASSETS	188,198	171,055
Property, plant and equipment, net	24,751	24,936
Assets held for sale	2,823	0
Operating lease right-of-use assets	9,100	2,210
Intangible assets	31,120	20,778
Goodwill	42,326	32,695
Other assets	400	124
TOTAL ASSETS	298,718	251,798
Current liabilities:
Current portion of long-term debt	7,143	7,143
Trade accounts payable	9,414	15,847
Accrued liabilities	21,320	24,385
Income tax payable	71	0
Current operating lease liabilities	993	818
TOTAL CURRENT LIABILITIES	38,941	48,193
Long-term debt	87,738	50,396
Deferred income tax liability	4,516	4,759
Operating lease liabilities	8,641	1,387
Other liabilities	407	448
TOTAL LIABILITIES	140,243	105,183
Commitments and Contingencies
Stockholders' equity:
Issued and outstanding: 2022 —13,594,407 shares, 2021 —13,493,332 shares	13,594	13,493
Retained earnings	144,881	133,122
TOTAL STOCKHOLDERS’ EQUITY	158,475	146,615
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 298,718	$ 251,798

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Accounts Receivable, Allowance for Credit Loss, Current		$ 492	$ 457
Preferred Stock, Shares Authorized (in shares)	1,000,000	1,000,000
Preferred Stock, No Par Value (in dollars per share)	$ 0	$ 0
Preferred Stock, Shares Issued (in shares)	0	0
Common Stock, Shares Authorized (in shares)	30,000,000	30,000,000
Common Stock, No Par Value (in dollars per share)	$ 0	$ 0
Common Stock, Shares, Outstanding, Ending Balance (in shares)	13,594,407	13,493,332
Common Stock, Shares, Issued (in shares)	13,594,407	13,493,332

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Net Sales	$ 313,757	$ 313,612	$ 273,649
Costs and Expenses
Cost of products sold	240,118	236,482	198,822
Selling, administrative and general expenses	44,765	43,367	40,315
Amortization	2,559	1,867	1,480
Operating Income	26,315	31,896	33,032
Other Income (Expense)
Interest expense	(3,780)	(1,510)	(250)
Other income (expense)	79	163	140
Income Before Income Taxes	22,614	30,549	32,922
Provision for Income Taxes	4,625	6,144	6,988
Net Income	$ 17,989	$ 24,405	$ 25,934
Earnings Per Share Data:
Basic earnings per share (in dollars per share)	$ 1.33	$ 1.78	$ 1.84
Diluted earnings per share (in dollars per share)	$ 1.31	$ 1.76	$ 1.82

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Retained Earnings [Member]	Total
Balances (in shares) at Dec. 28, 2019	14,215,000
Balances at Dec. 28, 2019	$ 14,215	$ 111,955	$ 126,170
Net income		25,934	25,934
Expense of stock options and restricted stock units		1,016	$ 1,016
Exercise of stock options (in shares)	10,000		10,000
Exercise of stock options	$ 10	134	$ 144
Settlement of restricted stock units (in shares)	55,000
Settlement of restricted stock units	$ 55	(55)	0
Issuance of restricted stock awards (in shares)	35,000
Issuance of restricted stock awards	$ 35	(35)	0
Dividends declared		(7,466)	(7,466)
Stock issued to directors as compensation (in shares)	10,000
Stock issued to directors as compensation	$ 10	87	97
Purchase of stock (in shares)	(406,000)
Purchase of stock	$ (406)	(6,333)	(6,739)
Balances (in shares) at Dec. 26, 2020	13,919,000
Balances at Dec. 26, 2020	$ 13,919	125,237	139,156
Net income		24,405	24,405
Expense of stock options and restricted stock units		902	$ 902
Exercise of stock options (in shares)	10,000		10,000
Exercise of stock options	$ 10	134	$ 144
Settlement of restricted stock units (in shares)	50,000
Settlement of restricted stock units	$ 50	(50)	0
Dividends declared		(7,693)	(7,693)
Stock issued to directors as compensation (in shares)	6,000
Stock issued to directors as compensation	$ 6	129	135
Purchase of stock (in shares)	(492,000)
Purchase of stock	$ (492)	(9,942)	(10,434)
Balances (in shares) at Dec. 25, 2021	13,493,000
Balances at Dec. 25, 2021	$ 13,493	133,122	146,615
Net income		17,989	17,989
Expense of stock options and restricted stock units		1,974	$ 1,974
Exercise of stock options (in shares)			0
Settlement of restricted stock units (in shares)	97,000
Settlement of restricted stock units	$ 97	(97)	$ 0
Dividends declared		(8,154)	(8,154)
Stock issued to directors as compensation (in shares)	4,000
Stock issued to directors as compensation	$ 4	47	51
Balances (in shares) at Dec. 31, 2022	13,594,000
Balances at Dec. 31, 2022	$ 13,594	$ 144,881	$ 158,475

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Operating Activities:
Net income	$ 17,989	$ 24,405	$ 25,934
Reconciling adjustments:
Depreciation and amortization	6,063	4,835	4,016
Provision for doubtful accounts	108	(408)	473
Stock option and restricted stock unit expense	1,974	902	1,016
Deferred income taxes	(244)	567	656
Loss (gain) on disposals of assets	(22)	(19)	(2)
Changes in
Accounts receivable	9,738	(301)	(29,905)
Inventories	(15,847)	(19,894)	(26,422)
Prepaids and other assets	3,433	(4,163)	(42)
Accounts payable and accrued expenses	(14,668)	(4,985)	26,909
Net cash provided by operating activities	8,524	939	2,633
Net Cash Provided by (Used in) Investing Activities [Abstract]
Purchase of property and equipment	(2,111)	(9,696)	(5,455)
Acquisitions	(35,757)	0	(15,446)
Payment on note payable related to an acquisition	0	0	(135)
Proceeds from sale of property and equipment	40	43	4
Net cash used in investing activities	(37,828)	(9,653)	(21,032)
Financing Activities:
Dividends paid	(8,154)	(7,693)	(7,466)
Proceeds from issuance of long-term debt	197,369	232,065	84,044
Payments on long-term debt	(160,027)	(204,601)	(53,971)
Proceeds from exercise of stock options	0	144	144
Deferred financing fees	(342)	(33)	(87)
Purchase of stock	0	(10,434)	(6,739)
Director stock compensation	51	135	97
Net cash provided by financing activities	28,897	9,583	16,022
Increase (decrease) in Cash and Cash Equivalents	(407)	869	(2,377)
Cash and Cash Equivalents, beginning of year	4,374	3,505	5,882
Cash and Cash Equivalents, end of year	3,967	4,374	3,505
Supplemental Cash Flows Information
Interest paid	3,867	1,433	205
Income taxes paid	4,144	6,284	6,205
Information regarding the Company’s acquisitions in 2022 and 2020 are as follows:
Fair value of assets acquired	41,496	0	16,277
Cash paid for assets	(35,757)	0	(15,446)
Liabilities assumed	$ 5,739	$ 0	$ 831

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	Note 1 Nature of Operations and Summary of Significant Accounting Policies Nature of Operations Escalade, Incorporated and its wholly-owned subsidiaries (Escalade, the Company, we, us or our) are engaged in the manufacture and sale of sporting goods products. The Company is headquartered in Evansville, Indiana and currently has manufacturing facilities in the United States of America and Mexico. The Company sells products to customers primarily in North America with minimal sales throughout the remainder of the world. Principles of Consolidation The consolidated financial statements include the accounts of Escalade, Incorporated and its wholly-owned subsidiaries. All material inter-company accounts and transactions have been eliminated. Basis of Presentation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). The books and records of subsidiaries located in foreign countries are maintained according to generally accepted accounting principles in those countries. Upon consolidation, the Company evaluates the differences in accounting principles and determines whether adjustments are necessary to convert the foreign financial statements to the accounting principles upon which the consolidated financial statements are based. As a result of this evaluation no material adjustments were identified. Fiscal Year End Through and including December 31, 2022, the Company’s fiscal year was a 52 or 53 week period ending on the last Saturday in December. Fiscal year 2022 was 53 weeks long, ending December 31, 2022. Fiscal year 2021 was 52 weeks long, ending December 25, 2021. Fiscal year 2020 was 52 weeks long, ending on December 26, 2020. On August 10, 2022, Escalade’s Board of Directors approved a change in its fiscal year end from the last Saturday in December of each year to December 31 of each year. Escalade’s fiscal quarters will end on March 31, June 30, and September 30. The fiscal year change is effective beginning with Escalade’s 2023 fiscal calendar, which began on January 1, 2023. Consistent with SEC guidance, no transition report is required in connection with the change in Escalade’s fiscal year end. Following the filing of this Form 10-K for the year ended December 31, 2022, the new fiscal year will take effect from January 1, 2023 to December 31, 2023. Cash and Cash Equivalents Highly liquid financial instruments with insignificant interest rate risk and with original maturities of three months or less are classified as cash and cash equivalents. Cash and cash equivalent balances may at times be in excess of federally insured limits. The Company maintains its cash and cash equivalent balances at high-credit quality financial institutions. Book overdrafts that result from outstanding checks in excess of our bank balance are reclassified to accrued liabilities. As of December 31, 2022, the Company reclassed $6.9 million of book overdrafts to accrued liabilities. As of December 25, 2021, the Company reclassed $4.7 million of book overdrafts to accrued liabilities. Accounts Receivable Revenue from the sale of the Company’s products is recognized when obligations under the terms of a contract with our customer are satisfied; generally this occurs with the transfer of control of our goods at a point in time based on shipping terms and transfer of title. Accounts receivable are stated at the amount billed to customers. Interest and late charges billed to customers are not material and, because collection is uncertain, are not recognized until collected and are therefore not included in accounts receivable. The Company provides an allowance for doubtful accounts which is described in Note 2 – Certain Significant Estimates. Inventories Inventory cost is computed on a currently adjusted standard cost basis (which approximates actual cost on a current average or first-in, first-out basis). Work in process and finished goods inventory are determined to be saleable based on a demand forecast within a specific time horizon, generally one year or less. Inventory in excess of saleable amounts is reserved, and the remaining inventory is valued at the lower of cost or net realizable value. This inventory valuation reserve totaled $1,568 thousand and $748 thousand at fiscal year-end 2022 and 2021, respectively. Inventories, net of the valuation reserve, at fiscal year-ends were as follows: In Thousands 2022 2021 Raw materials $ 7,789 $ 9,142 Work in process 3,478 3,529 Finished goods 110,603 79,711 $ 121,870 $ 92,382 Property, Plant and Equipment Property, plant and equipment are recorded at cost. Depreciation and amortization are computed for financial reporting purposes principally using the straight-line method over the following estimated useful lives: buildings, 20-30 years; leasehold improvements, term of the lease; machinery and equipment, 5-15 years; and tooling, dies and molds, 2-5 years. Property, plant and equipment consist of the following: In Thousands 2022 2021 Land $ 1,306 $ 2,255 Buildings and leasehold improvements 27,406 24,175 Machinery and equipment 27,497 31,853 Total cost 56,209 58,283 Accumulated depreciation and amortization (31,458 ) (33,347 ) $ 24,751 $ 24,936 The Company evaluates the recoverability of certain long-lived assets whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Estimates of future cash flows used to test recoverability of long-lived assets include separately identifiable undiscounted cash flows expected to arise from the use and eventual disposition of the assets. Where estimated future cash flows are less than the carrying value of the assets, impairment losses are recognized based on the amount by which the carrying value exceeds the fair value of the assets. No We classify assets as held for sale when our management approves and commits to a formal plan of sale that is probable of being completed within one (1) year. Assets designated as held for sale are recorded at the lower of their current carrying value or their fair market value, less costs to sell, beginning in the period in which the assets meet the criteria to be classified as held for sale. Goodwill and Intangible Assets Goodwill represents the excess of the purchase price over fair value of net tangible and identifiable intangible assets of acquired businesses. Intangible assets consist of patents, consulting agreements, non-compete agreements, customer lists, developed technology, license agreements, and trademarks. Goodwill is deemed to have an indefinite life and is not amortized, but is subject to impairment testing annually in accordance with guidance included in FASB ASC 350 , Intangibles Goodwill and Other The Company reviews goodwill for impairment annually and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable, in accordance with guidance in FASB ASC 350, Intangibles Goodwill and Other Employee Incentive Plan During 2017, the Company approved an incentive plan explained in Note 9. The Company accounts for this plan under the recognition and measurement principles of FASB ASC 718, Equity Based Payments Foreign Currency The functional currency for the foreign operations of Escalade is the U.S. dollar. Gains or losses resulting from foreign currency transactions are included in selling, general and administrative expense in the Consolidated Statements of Operations and were insignificant in fiscal years 2022, 2021, and 2020. Cost of Products Sold Cost of products sold is comprised of those costs directly associated with or allocated to the products sold and include materials, labor and factory overhead. Provision for Income Taxes Income tax in the consolidated statement of operations includes deferred income tax provisions or benefits for all significant temporary differences in recognizing income and expenses for financial reporting and income tax purposes. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax asset will not be realized. The Company accounts for uncertainty in tax positions by recognizing in its financial statements the impact of a tax position only if that position is more likely than not of being sustained. Research and Development Research and development costs are charged to expense as incurred. Research and development costs incurred during 2022, 2021 and 2020 were approximately $2.7 million, $2.0 million, and $1.5 million, respectively. New Accounting Pronouncements and Changes in Accounting Principles New Accounting Standards to be Adopted In June 2016, the FASB issued ASU 2016-13, Financial Instruments Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. Financial Instruments Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates.

Note 2 - Certain Significant Es

Note 2 - Certain Significant Estimates	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	Note 2 Certain Significant Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities; the disclosure of contingent assets and liabilities at the date of the consolidated financial statements; and the reported amounts of revenues and expenses during the reporting period. These estimates and judgments are evaluated on an ongoing basis and are based on experience; current and expected future conditions; third party evaluations; and various other assumptions believed reasonable under the circumstances. The results of these estimates form the basis for making judgments about the carrying values of assets and liabilities as well as identifying and assessing the accounting treatment with respect to commitments and liabilities. Actual results may differ from the estimates and assumptions used in the financial statements and related notes. Listed below are certain significant estimates and assumptions related to the preparation of the consolidated financial statements: Goodwill and Intangible Assets The Company reviews goodwill for impairment annually and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable, in accordance with guidance in FASB ASC 350 , Intangibles Goodwill and Other Other intangible assets are amortized using the straight-line method over the following lives: license agreements, 17 years; developed technology, 5 years; trademarks, 20 years to indefinite life; consulting agreements, the life of the agreement; customer lists, 3 to 15 years; non-compete agreements, the lesser of the term or 5 years; and patents, the lesser of the remaining life or 5 to 15 years. Indefinite-lived intangible assets are reviewed for impairment annually, or whenever events or changes in circumstances indicate the carrying amount of an intangible asset may not be recoverable. There are inherent assumptions and judgments required in the analysis of goodwill and intangible impairment. Product Warranty The Company provides limited warranties on certain of its products, for varying periods. Generally, the warranty periods range from 30 days to one In Thousands 2022 2021 2020 Beginning balance $ 1,119 $ 962 $ 688 Additions 2,472 2,487 1,648 Deductions (2,578 ) (2,330 ) (1,374 ) Ending balance $ 1,013 $ 1,119 $ 962 Inventory Valuation Reserves The Company evaluates inventory for obsolescence and excess quantities based on demand forecasts based on specified time frames; usually one year. The demand forecast is based on historical usage, sales forecasts and current as well as anticipated market conditions. All amounts in excess of the demand forecast are deemed to be potentially excess or obsolete and a reserve is established based on the anticipated net realizable value. Changes in inventory valuation reserves were as follows: In Thousands 2022 2021 2020 Beginning balance $ 748 $ 697 $ 786 Additions 1,083 446 831 Deductions (263 ) (395 ) (920 ) Ending balance $ 1,568 $ 748 $ 697 Allowance for Doubtful Accounts The Company provides an allowance for doubtful accounts based upon a review of outstanding receivables, historical collection information and existing economic conditions. Accounts receivable are ordinarily due between 30 and 60 days after the issuance of the invoice. Accounts are considered delinquent when more than 90 days past due. Delinquent receivables are reserved or written off based on individual credit evaluation and specific circumstances of the customer. Changes in allowance for doubtful accounts were as follows: In Thousands 2022 2021 2020 Beginning balance $ 457 $ 896 $ 483 Additions (Reductions) 108 (408 ) 473 Deductions (73 ) (31 ) (60 ) Ending balance $ 492 $ 457 $ 896 Customer Allowances Customer allowances are common practice in the industries in which the Company operates. These agreements are typically in the form of advertising subsidies, volume rebates and catalog allowances and are accounted for as a reduction to gross sales. The Company reviews such allowances on an ongoing basis and accruals are adjusted, if necessary, as additional information becomes available. Changes in customer allowances for advertising subsidies, volume rebates and catalog allowances were as follows: In Thousands 2022 2021 2020 Beginning balance $ 2,340 $ 2,296 $ 1,292 Additions 11,627 12,930 11,940 Deductions (12,326 ) (12,886 ) (10,936 ) Ending balance $ 1,641 $ 2,340 $ 2,296

Note 3 - Accrued Liabilities

Note 3 - Accrued Liabilities	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	Note 3 Accrued Liabilities Accrued liabilities consist of the following: In Thousands 2022 2021 Employee compensation $ 3,647 $ 5,573 Customer co-op and volume allowances 1,641 2,340 Customer return accruals and other allowances 4,225 6,435 Other accrued items 11,807 10,037 $ 21,320 $ 24,385

Note 4 - Leases

Note 4 - Leases	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	Note 4 Leases We have operating leases for office, manufacturing and distribution facilities as well as for certain equipment. Our leases have remaining lease terms of 1 year to 9 years. As of December 31, 2022, the Company has not entered into any lease arrangements classified as a finance lease. We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, current operating lease liabilities and operating lease liabilities on our consolidated balance sheet. The Company has elected an accounting policy to not recognize short-term leases (one year or less) on the balance sheet. The Company also elected the package of practical expedients which applies to leases that commenced before the adoption date. By electing the package of practical expedients, the Company did not need to reassess the following; whether any existing contracts are or contain leases, the lease classification for any existing leases and initial direct costs for any existing leases. ROU assets and operating lease liabilities are recognized based on the present value of future minimum lease payments over the lease term at commencement date. When the implicit rate of the lease is not provided or cannot be determined, we use our incremental borrowing rate based on the information available at the commencement date to determine the present value of future payments. Lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise those options. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Components of lease expense and other information is as follows: All Amounts in Thousands Twelve Months Ended December 31, 2022 Twelve Months Ended December 25, 2021 Lease Expense Operating Lease Cost $ 1,481 $ 1,489 Short-term Lease Cost 2,587 3,019 Variable Lease Cost 502 378 Total Operating Lease Cost $ 4,570 $ 4,886 Operating Lease – Operating Cash Flows $ 860 $ 1,347 New ROU Assets – Operating Leases (non-cash) $ 8,084 $ 2,347 Other information about lease amounts recognized in our consolidated financial statements is summarized as follows: Period Ended December 31, 2022 Period Ended December 25, 2021 Weighted Average Remaining Lease Term – Operating Leases (years) 8.98 3.97 Weighted Average Discount Rate – Operating Leases 5.06 % 5.00 % Future minimum lease payments under non-cancellable leases as of December 31, 2022 were as follows: All Amounts in Thousands Year 1 $ 1,454 Year 2 1,402 Year 3 1,367 Year 4 1,323 Year 5 1,237 Thereafter 5,270 Total future minimum lease payments 12,053 Less imputed interest (2,419 ) Total $ 9,634 Reported as of December 31, 2022 Current operating lease liabilities 993 Long-term operating lease liabilities 8,641 Total $ 9,634

Note 5 - Acquired Intangible As

Note 5 - Acquired Intangible Assets and Goodwill	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 5 Acquired Intangible Assets and Goodwill The carrying basis and accumulated amortization of recognized intangible assets are summarized in the following table: 2022 2021 In Thousands Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Patents 24,715 24,270 24,715 24,068 Non-compete agreements 2,749 2,749 2,749 2,749 Customer list 22,017 9,783 18,017 8,100 Trademarks 18,636 802 9,736 266 Developed technology 475 396 475 301 License agreements 700 172 700 130 69,292 38,172 56,392 35,614 Amortization expense was $2.6 million, $1.9 million and $1.5 million for 2022, 2021 and 2020, respectively. Estimated future amortization expense is summarized in the following table: All Amounts in Thousands 2023 $ 2,480 2024 2,356 2025 2,307 2026 2,259 2027 2,173 Thereafter 11,761 Subtotal 23,336 Indefinite-lived intangible asset balance 7,784 Total $ 31,120 All goodwill is allocated to the operating segment of the business. The changes in the carrying amount of goodwill were: In Thousands Sporting Goods Balance at December 26, 2020 $ 32,695 Acquisition - Balance at December 25, 2021 $ 32,695 Acquisition 9,631 Balance at December 31, 2022 $ 42,326 The Company reviews goodwill for impairment annually and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable, in accordance with guidance in FASB ASC 350, Intangibles Goodwill and Other

Note 6 - Borrowings

Note 6 - Borrowings	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 6 Borrowings On January 21, 2019, the Company entered into an Amended and Restated Credit Agreement (“2019 Restated Credit Agreement”) among the Company and its wholly owned subsidiary, Indian Industries, Inc. (“Indian”), each of their domestic subsidiaries, and JPMorgan Chase Bank, N.A., as Administrative Agent and as Lender (the “Lender”). Under the terms of the 2019 Restated Credit Agreement, the Lender made available to the Company a senior revolving credit facility with maximum availability of $50.0 million having a maturity date of January 31, 2022. The 2019 Restated Credit Agreement also allowed Escalade to request the issuance of letters of credit of up to $5.0 million. On December 14, 2020, the Company entered into the Third Amendment dated as of December 14, 2020 (the “Third Amendment”) to the 2019 Restated Credit Agreement. Under the terms of the Third Amendment, the maximum availability under the senior revolving credit facility increased to $75.0 million and the maturity date was extended to December 14, 2023. Other significant changes reflected in the Third Amendment included: increases in borrowing base availability if the Company’s funded debt to EBITDA ratio is less than 1.75 to 1:00; increasing to $30.0 million the total consideration that the Company may use for acquisitions without obtaining the Lender’s consent, as long as no event of default exists; resetting the maximum authorized stock repurchases to $15.0 million for the period commencing upon entry into the Third Amendment; increasing the interest rate on borrowings by twenty five On July 7, 2021, the Company entered into the Fourth Amendment dated as of July 7, 2021 (the “Fourth Amendment”) to the 2019 Restated Credit Agreement. Under the terms of the Fourth Amendment, the Lender extended a $50.0 million term loan to the Company and reduced the maximum availability under the senior revolving credit facility from $75.0 million to $50.0 million. The proceeds of the term loan were used to pay down the Company’s then-outstanding indebtedness under the revolving credit facility, with the balance of the term loan proceeds being available for general working capital purposes. The maturity date of the term loan was July 7, 2026 and the maturity date of the revolving credit facility likewise was extended to July 7, 2026. On January 21, 2022, the Company entered into an Amended and Restated Credit Agreement (“2022 Restated Credit Agreement”) with its issuing bank, JP Morgan Chase Bank, N.A. (“Chase”), and the other lenders identified in the 2022 Restated Credit Agreement (collectively, the “Lenders”). Under the terms of the 2022 Restated Credit Agreement, Old National Bank was added as a Lender. The Lenders made available to the Company a senior revolving credit facility with increased maximum availability of $65.0 million (the “Revolving Facility”), up from $50.0 million, plus an accordion feature that would allow borrowings up to $90.0 million under the Revolving Facility subject to certain terms and conditions. The maturity date of the revolving credit facility was extended to January 21, 2027. The Company may prepay the Revolving Facility, in whole or in part, and reborrow prior to the revolving loan maturity date. The Restated Credit Agreement further extended the maturity date for the term loan facility to January 21, 2027. In addition to the increased borrowing amount and extended maturity date, the 2022 Restated Credit Agreement provided a $7.5 million swingline commitment by Chase, replaced LIBOR with the replacement benchmark secured overnight financing rate, and adjusted certain financial covenants relating to the fixed charge coverage ratio. On July 18, 2022, the Company entered into the First Amendment (the “First Amendment”) to the 2022 Restated Credit Agreement. Under the terms of the First Amendment, the Lenders increased the maximum availability under the senior revolving credit facility from $65.0 million to $75.0 million pursuant to the accordion feature in the 2022 Restated Credit Agreement. The First Amendment also adjusted the funded debt to EBITDA ratio financial covenant to 3:00 to 1:00 as of the end of the Company’s third and fourth fiscal quarters of 2022. On October 26, 2022, the Company entered into the Second Amendment (the “Second Amendment”) to the 2022 Restated Credit Agreement. Under the terms of the Second Amendment, the Lenders increased the maximum availability under the senior revolving credit facility from $75.0 million to $90.0 million pursuant to the accordion feature in the 2022 Restated Credit Agreement. The Second Amendment adjusted the funded debt to EBITDA ratio financial covenant to 3:25 Each loan will bear interest based on the applicable SOFR rate for the interest period in effect plus the Applicable Rate. From October 26, 2022 up to and including the fiscal quarter ending June 30, 2023, the applicable rate per annum is set forth below in Category 1. After the fiscal quarter ending June 30, 2023, the Applicable Rate shall be determined as of the end of each quarter based upon Escalade’s Funded Debt to Adjusted Ratio as of the most recent determination date: Funded Debt to EBITDA Ratio Revolving Commitment ABR Spread Revolving Commitment Term Benchmark Spread Letter of Credit Fee Commitment Fee Rate Category 1 Greater than or equal to 3.00 to 1.0 0.75 % 2.50 % 2.50 % 0.35 % Category 2 Greater than or equal to 2.50 to 1.0 but less than 3.00 to 1.0 0.25 % 2.00 % 2.00 % 0.30 % Category 3 Greater than or equal to 1.50 to 1.0 but less than 2.50 to 1.0 -0- 1.75 % 1.75 % 0.25 % Category 4 Less than 1.50 to 1.0 (0.25% ) 1.50 % 1.50 % 0.20 % The Applicable Rate is determined as of the end of each quarter based upon the Company’s annual or quarterly consolidated financial statements and is effective during the period commencing the date of delivery to the agent. The Company’s indebtedness under the 2022 Restated Credit Agreement continues to be collateralized by liens on all of the present and future equity of each of the Company’s and Indian’s domestic subsidiaries and substantially all of the assets of the Company (excluding real estate). Each direct and indirect domestic subsidiary of the Company and Indian has secured its guaranty of indebtedness incurred under the revolving facility with a first priority security interest and lien on all of such subsidiary’s assets. The obligations, guarantees, liens and other interests granted by the Company, Indian, and their domestic subsidiaries continues in full force and effect. Long-Term Debt Long-term debt at fiscal year-ends was as follows: In Thousands 2022 2021 Senior secured revolving credit facility of $90.0 million with a maturity of January 21, 2027. The interest rate at December 31, 2022 was 6.92% and 3.00% at December 25, 2021. $ 55,000 $ 10,515 Term loan of $50.0 million with a maturity date of January 21, 2027. The interest rate at December 31, 2022 and December 25, 2021, was 2.97%. 39,881 47,024 94,881 57,539 Current portion of long-term debt (7,143 ) (7,143 ) $ 87,738 $ 50,396 The Company makes monthly principal payments under the Term loan of $595 thousand.

Note 7 - Earnings Per Share

Note 7 - Earnings Per Share	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 7 Earnings Per Share The shares used in the computation of the Company’s basic and diluted earnings per common share are as follows: In Thousands 2022 2021 2020 Weighted average common shares outstanding 13,572 13,747 14,096 Dilutive effect of stock options and restricted stock units 117 119 129 Weighted average common shares outstanding, assuming dilution 13,689 13,866 14,225 Number of anti-dilutive stock options and unvested restricted stock units - - 58 Weighted average common shares outstanding, assuming dilution, includes the incremental shares that would be issued upon the assumed exercise of stock options outstanding.

Note 8 - Employee Benefit Plans

Note 8 - Employee Benefit Plans	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	Note 8 Employee Benefit Plans The Company has an employee profit-sharing salary reduction plan, pursuant to the provisions of Section 401(k) of the Internal Revenue Code, for all employees. The Company’s contribution is a matching percentage of the employee contribution as determined by the Board of Directors annually. The Company’s expense for the plan was $1,179 thousand, $1,041 thousand and $841 thousand for 2022, 2021 and 2020, respectively.

Note 9 - Stock Compensation Pla

Note 9 - Stock Compensation Plans	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	Note 9 Stock Compensation Plans In May 2017, Shareholders approved the Escalade, Incorporated 2017 Incentive Plan (2017 Incentive Plan), which is an incentive plan for key employees, directors and consultants with various equity-based incentives as described in the plan document. The 2017 Incentive Plan is a replacement for the 2007 Incentive Plan, which expired at the end of April 2017. All options issued and outstanding under the expired plans will remain in effect until exercised, expired or forfeited. The 2017 Incentive Plan is administered by the Board of Directors or a committee thereof, which is authorized to determine, among other things, the key employees, directors or consultants who will receive awards under the plan, the amount and type of award, exercise prices or performance criteria, if applicable, and vesting schedules. Under the original terms of the plan and subject to various restrictions contained in the plan document, the total number of shares of common stock which may be issued pursuant to awards under the Plan may not exceed 1,661,598. Restricted Stock Awards During 2022, and pursuant to the 2017 Incentive Plan, in lieu of cash payments of director fees, the Company awarded to certain directors 3,886 shares of common stock. In 2022, the Company awarded 20,000 restricted stock units to directors and 196,254 restricted stock units to employees. The restricted stock units awarded to directors time vest over two (one-half one-half three (one-third one-third one-third A summary of restricted stock awards activity is as follows: Number of Shares Weighted Average Grant Date Fair Value Non-vested stock units as of December 26, 2020 244,076 $ 8.98 Granted 50,615 20.74 Vested (84,887 ) 8.98 Forfeited (55,684 ) 7.99 Non-vested stock units as of December 25, 2021 154,120 $ 13.19 Granted 216,254 14.15 Vested (97,189 ) 12.16 Forfeited (21,156 ) 14.10 Non-vested stock units as of December 31, 2022 252,029 $ 14.33 When vesting is dependent on certain market criteria, the fair value of restricted stock units is determined by the use of Monte Carlo techniques. The market price of the Company’s stock on the grant date is used to value restricted stock units where vesting is not contingent on market criteria. In 2022, 2021, and 2020 the Company recognized $1,974 thousand, $902 thousand, and $1,011 thousand respectively in compensation expense related to restricted stock units and as of December 31, 2022 and December 25, 2021, there was $1,415 thousand and $629 thousand respectively, of unrecognized compensation expense related to restricted stock units. Stock Options Total compensation expense recorded in the statements of operations for 2022, 2021 and 2020 relating to stock options was zero zero The following table summarizes option activity for each of the three years ended 2022: Incentive Stock Options Director Stock Options Granted Outstanding Granted Outstanding 2022 - - - - 2021 - - - - 2020 - 10,000 - - The following table summarizes stock option transactions for the three years ended 2022: 2022 2021 2020 Shares Option Price Shares Option Price Shares Option Price Outstanding at beginning of year - - 10,000 $ 14.39 20,000 $ 14.39 Issued during year - - - - - - Canceled or expired - - - - - - Exercised during year - - (10,000 ) $ 14.39 (10,000 ) $ 14.39 Outstanding at end of year - - - - 10,000 $ 14.39 Exercisable at end of year - - 10,000 Weighted-average fair value of options granted during the year - - - The total intrinsic value of options exercised was zero zero There were no

Note 10 - Provision for Taxes

Note 10 - Provision for Taxes	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 10 Provision for Taxes Income before taxes and the provision for taxes consisted of the following: In Thousands 2022 2021 2020 Income before taxes: $ 22,614 $ 30,549 $ 32,922 Provision (benefit) for taxes: Current Federal $ 4,149 $ 4,819 $ 5,479 State 720 758 854 4,869 5,577 6,333 Deferred Federal (502 ) 408 665 State 258 159 (10 ) (244 ) 567 655 $ 4,625 $ 6,144 $ 6,988 The provision for income taxes was computed based on financial statement income. A reconciliation of the provision for income taxes to the amount computed using the statutory rate follows: In Thousands 2022 2021 2020 Income tax at statutory rate $ 4,749 $ 6,415 $ 6,914 Increase (decrease) in income tax resulting from State tax expense, net of federal effect 773 724 668 Federal true-ups (49 ) (38 ) (103 ) Federal tax credits (413 ) (251 ) (114 ) Captive insurance earnings (478 ) (456 ) (443 ) Incentive stock options (18 ) (214 ) (4 ) Other 61 (36 ) 70 Recorded provision for income taxes $ 4,625 $ 6,144 $ 6,988 The provision for income taxes was computed based on financial statement income. In accordance with FASB ASC 740, the Company has an uncertain tax position as of and for the years ended December 31, 2022 and December 25, 2021. Interest costs and penalties related to income taxes are classified as interest expense and selling, general and administrative costs, respectively in the Company’s financial statements. The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction, and multiple state and foreign jurisdictions. The Company is subject to future examinations by federal, state and other tax authorities for all years after 2018. The Company has state, net of federal benefit, research tax credit carryforwards of $351 thousand as of December 31, 2022. The state research tax credit carryforwards begin to expire in 2024. A valuation allowance has been established in the amount of $351 thousand as of December 31, 2022 related to the state tax credit carryforwards, leaving an ending deferred, net of federal benefit, in the amount of zero At December 31, 2022, the Company had domestic federal income taxes payable of $158 thousand, domestic state income taxes receivable of $87 thousand, and transition tax payable of $387 thousand recorded. At December 25, 2021, the Company had domestic federal income taxes receivable of $631 thousand, domestic state income taxes receivable of $108 thousand, and transition tax payable of $387 thousand recorded. The components of the net deferred tax liabilities are as follows: In Thousands 2022 2021 Assets Valuation reserves $ 1,167 $ 1,248 Stock based compensation 389 329 Federal and state credits 674 339 Lease obligation 2,252 515 Other 4 34 Capitalized research costs 605 - Total assets 5,091 2,465 Liabilities Property and equipment (1,502 ) (1,474 ) Goodwill and intangible assets (5,347 ) (4,973 ) Lease – right of use asset (2,127 ) (517 ) Prepaid insurance (280 ) (237 ) Total liabilities (9,256 ) (7,201 ) Valuation Allowance Beginning balance (23 ) (27 ) (Increase) Decrease during period (328 ) 4 Ending balance (351 ) (23 ) $ (4,516 ) $ (4,759 ) The following table reconciles the total amounts of unrecognized tax benefits: In Thousands 2022 2021 2020 Balance at beginning of year $ 61 $ 61 $ - Increases related to prior year tax positions - - - Decreases related to prior year tax positions - - - Increases related to current year tax positions - - 61 Settlements - - - Closure of tax years (41 ) - - Balance at end of year $ 20 $ 61 $ 61 The total amount of unrecognized tax benefits, net of federal income tax benefits, of $16 thousand at December 31, 2022, and $48 thousand at December 25, 2021, that if recognized, would affect the effective tax rate on income from continuing operations. The Company had no The Company has assessed its risk associated with all tax return positions and believes its tax reserve estimate reflects its best estimate of the deductions and positions it will be able to sustain, or it may be willing to concede as part of a settlement. At this time, the Company does not anticipate any change in its tax reserves in the next twelve months. The Company will continue to monitor the progress and conclusion of all audits and will adjust its estimated liability as necessary.

Note 11 - Operating Segment and

Note 11 - Operating Segment and Geographic Information	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 11 Operating Segment and Geographic Information The following table presents certain operating segment information. In Thousands 2022 2021 2020 Sporting Goods Net revenue $ 313,757 $ 313,612 $ 273,649 Operating income 25,925 31,534 32,685 Interest expense 3,780 1,510 250 Provision for taxes 6,106 8,295 8,951 Net income 16,117 21,892 23,625 Identifiable assets 286,417 241,547 211,253 Depreciation & amortization 6,063 4,835 4,016 Capital expenditures 2,111 9,696 5,455 All Other Net revenue - - - Operating income 390 362 347 Interest expense (income) - - - Provision (benefit) for taxes (1,481 ) (2,151 ) (1,963 ) Net income 1,872 2,513 2,309 Identifiable assets 12,301 10,251 9,452 Depreciation & amortization - - - Capital expenditures - - - Total Net revenue 313,757 313,612 273,649 Operating income 26,315 31,896 33,032 Interest expense 3,780 1,510 250 Provision for taxes 4,625 6,144 6,988 Net income 17,989 24,405 25,934 Identifiable assets 298,718 251,798 220,705 Depreciation & amortization 6,063 4,835 4,016 Capital expenditures 2,111 9,696 5,455 Each operating segment is individually managed and has separate financial results that are reviewed by the Company’s management. There were no changes to the composition of segments in 2022. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. The Sporting Goods segment consists of home entertainment products such as table tennis tables and accessories; basketball goals; pickleball; pool tables and accessories; outdoor playsets; water sports; soccer and hockey tables; archery equipment and accessories; and fitness, arcade and darting products. Customers include retailers, dealers and wholesalers located throughout North America, Europe and the rest of the world. All Other consist of general and administrative expenses not specifically related to the operating business segments. Interest expense is allocated to operating segments based on working capital usage and the provision for taxes is allocated based on a combined federal and state statutory rate of 27.5% adjusted for actual taxes on foreign income. Permanent tax adjustments and timing differences are included in the all other segment. Identifiable assets are principally those assets used in each segment. The assets in the all other segment are principally cash and cash equivalents; and prepaid assets. The Company had net assets of $14.8 million and $15.8 million located in Mexico as of December 31, 2022 and December 25, 2021, respectively. During 2022, 2021 and 2020, the Company had one As of December 31, 2022, the Company had approximately 28% of its total accounts receivable with one customer. As of December 25, 2021, the Company had approximately 24%, 17% and 10% of its total accounts receivable with that same customer and two other customers, respectively. As of December 31, 2022, approximately 31 employees of the Company's labor force were covered by a collective bargaining agreement that expires on January 31, 2025. Raw materials for Escalade’s various product lines consist of wood, tempered glass, particle board, standard grades of steel and steel tubing, aluminum, engineering plastics, fiberglass and packaging materials. Escalade relies upon domestic, Mexico, Brazil, and Asian suppliers for these materials and upon various Asian manufacturers for many of its products. Net sales are attributed to country based on location of customer. Net sales by geographic region/country were as follows: In Thousands 2022 2021 2020 North America $ 307,318 $ 309,211 $ 270,173 Europe 3,036 2,153 1,555 Other 3,403 2,248 1,921 $ 313,757 $ 313,612 $ 273,649

Note 12 - Summary of Quarterly

Note 12 - Summary of Quarterly Results	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Quarterly Financial Information [Text Block]	Note 12 Summary of Quarterly Results In thousands, except per share data (unaudited) March 19 July 9 October 1 December 31 2022 Net Sales $ 72,380 $ 94,337 $ 74,904 $ 72,136 Operating Income 9,023 8,189 4,220 4,883 Net income 6,654 5,673 2,958 2,704 Basic Earnings Per Share Data: $ 0.49 $ 0.42 $ 0.22 $ 0.20 Diluted Earnings Per Share Data: $ 0.49 $ 0.42 $ 0.22 $ 0.20 In thousands, except per share data (unaudited) March 20 July 10 October 2 December 25 2021 Net Sales $ 59,191 $ 99,679 $ 81,298 $ 73,444 Operating Income 7,129 10,686 7,672 6,409 Net income 5,442 8,126 5,966 4,871 Basic Earnings Per Share Data: $ 0.39 $ 0.59 $ 0.44 $ 0.36 Diluted Earnings Per Share Data: $ 0.39 $ 0.58 $ 0.43 $ 0.36

Note 13 - Acquisitions

Note 13 - Acquisitions	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Business Combination Disclosure [Text Block]	Note 13 Acquisitions All of the Company’s acquisitions have been accounted for using the purchase method of accounting. 2022 On January 21, 2022, the Company completed its acquisition of the assets constituting the Brunswick Billiards business of Life Fitness, LLC. The purchase price of the acquisition was $35.8 million. Acquisition-related costs of $134 thousand were incurred during the year ended December 31, 2022. The acquisition was funded by cash and the Company’s revolving credit facility. The Company allocated the purchase price to the assets acquired, net of the liabilities assumed, based on their estimated fair value as of the date of the acquisition. The excess of the purchase price over the fair value of the assets acquired, net of the fair value of liabilities assumed, was recorded as goodwill. The recorded goodwill is deductible for tax purposes. The allocation of the purchase price, including values assigned to assets, liabilities and the amount of goodwill and intangible assets are represented in the table below: In thousands Assets acquired and liabilities assumed: Accounts receivable, net $ 1,275 Inventories, net 13,641 Fixed assets, including building and land 4,049 Goodwill 9,631 Intangible assets 12,900 Accounts payable (3,193 ) Other liabilities (2,546 ) $ 35,757 2020 In October 2020, the Company acquired the assets of the billiard table, game room, and recreational product lines of American Heritage Billiards, including the related intellectual property. In December 2020, the Company acquired substantially all of the business and assets of Revel Match LLC, dba RAVE Sports, a brand known for its innovative and high-quality water recreation products. Total consideration paid for the acquisitions was $15.4 million. The consideration paid by the company for these acquisitions was allocated to the assets acquired, net of the liabilities assumed, based upon their estimated fair values as of the date of the acquisition. The excess of the purchase price over the estimated fair value of the assets acquired, net of the estimated fair value of the liabilities assumed, was recorded as goodwill. The recorded goodwill is deductible for tax purposes. The allocation of the purchase price, including values assigned to assets, liabilities and the amount of goodwill and intangible assets are represented in the table below. In thousands Assets acquired and liabilities assumed: Accounts receivable, net $ 399 Inventories, net 3,797 Other assets 936 Goodwill 5,946 Intangible assets 5,277 Accounts payable (576 ) Other liabilities (333 ) $ 15,446

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 14 Commitments and Contingencies The Company is involved in litigation arising in the normal course of its 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. The Company has entered into various agreements whereby it is required to make royalty and license payments. At December 31, 2022, the Company had future estimated minimum non-cancelable royalty and license payments as follows: In Thousands Amount 2023 $ 898 2024 566 2025 579 2026 599 2027 620 Thereafter 1,305 $ 4,567

Note 15 - Fair Values of Financ

Note 15 - Fair Values of Financial Instruments	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 15 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 approximate cost due to the short period of time to maturity. Notes Payable and Long-term Debt The Company believes the carrying value of long-term debt, including the current portion of long-term debt, adequately reflects the fair value of these instruments. The following table presents estimated fair values of the Company’s financial instruments in accordance with FASB ASC 825 at December 31, 2022 and December 25, 2021. Fair Value Measurements Using 2022 In Thousands Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial assets Cash and cash equivalents $ 3,967 $ 3,967 $ - $ - Financial liabilities Current portion of long-term debt $ 7,143 $ - $ 7,143 $ - Long-term debt $ 87,738 $ - $ 87,738 $ - Fair Value Measurements Using 2021 In Thousands Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial assets Cash and cash equivalents $ 4,374 $ 4,374 $ - $ - Financial liabilities Current portion of long-term debt $ 7,143 $ - $ 7,143 $ - Long-term debt $ 50,396 $ - $ 50,396 $ -

Note 16 - Revenue from Contract

Note 16 - Revenue from Contracts with Customers	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	Note 16 Revenue from Contracts with Customers Revenue Recognition Gross-to-net sales adjustments Returns Warranties Customer Allowances Disaggregation of Revenue Years Ended All Amounts in Thousands December 31, 2022 December 25, 2021 December 26, 2020 Gross Sales by Channel: Mass Merchants $ 104,097 $ 115,949 $ 104,147 Specialty Dealers 98,954 96,166 80,419 E-commerce 119,401 119,550 109,297 International 16,183 11,337 8,226 Other 4,490 3,240 2,312 Total Gross Sales 343,125 346,242 304,401 Less: Gross-to-Net Sales Adjustments Returns 5,256 8,304 7,837 Warranties 2,472 2,488 1,648 Customer Allowances 21,640 21,838 21,267 Total Gross-to-Net Sales Adjustments 29,368 32,630 30,752 Total Net Sales $ 313,757 $ 313,612 $ 273,649

Note 17 - Subsequent Events

Note 17 - Subsequent Events	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Subsequent Events [Text Block]	Note 17 Subsequent Events On February 21, 2023, the Company’s Board of Directors approved a plan to close the Company’s manufacturing facilities in Rosarito, Mexico and to dispose of those facilities. The strategic decision to cease the Company’s manufacturing operations in Mexico is part of the Company’s ongoing efforts to improve profitability and to drive operational efficiencies.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of Escalade, Incorporated and its wholly-owned subsidiaries. All material inter-company accounts and transactions have been eliminated.
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). The books and records of subsidiaries located in foreign countries are maintained according to generally accepted accounting principles in those countries. Upon consolidation, the Company evaluates the differences in accounting principles and determines whether adjustments are necessary to convert the foreign financial statements to the accounting principles upon which the consolidated financial statements are based. As a result of this evaluation no material adjustments were identified.
Fiscal Period, Policy [Policy Text Block]	Fiscal Year End Through and including December 31, 2022, the Company’s fiscal year was a 52 or 53 week period ending on the last Saturday in December. Fiscal year 2022 was 53 weeks long, ending December 31, 2022. Fiscal year 2021 was 52 weeks long, ending December 25, 2021. Fiscal year 2020 was 52 weeks long, ending on December 26, 2020. On August 10, 2022, Escalade’s Board of Directors approved a change in its fiscal year end from the last Saturday in December of each year to December 31 of each year. Escalade’s fiscal quarters will end on March 31, June 30, and September 30. The fiscal year change is effective beginning with Escalade’s 2023 fiscal calendar, which began on January 1, 2023. Consistent with SEC guidance, no transition report is required in connection with the change in Escalade’s fiscal year end. Following the filing of this Form 10-K for the year ended December 31, 2022, the new fiscal year will take effect from January 1, 2023 to December 31, 2023.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents Highly liquid financial instruments with insignificant interest rate risk and with original maturities of three months or less are classified as cash and cash equivalents. Cash and cash equivalent balances may at times be in excess of federally insured limits. The Company maintains its cash and cash equivalent balances at high-credit quality financial institutions. Book overdrafts that result from outstanding checks in excess of our bank balance are reclassified to accrued liabilities. As of December 31, 2022, the Company reclassed $6.9 million of book overdrafts to accrued liabilities. As of December 25, 2021, the Company reclassed $4.7 million of book overdrafts to accrued liabilities.
Accounts Receivable [Policy Text Block]	Accounts Receivable Revenue from the sale of the Company’s products is recognized when obligations under the terms of a contract with our customer are satisfied; generally this occurs with the transfer of control of our goods at a point in time based on shipping terms and transfer of title. Accounts receivable are stated at the amount billed to customers. Interest and late charges billed to customers are not material and, because collection is uncertain, are not recognized until collected and are therefore not included in accounts receivable. The Company provides an allowance for doubtful accounts which is described in Note 2 – Certain Significant Estimates.
Inventory, Policy [Policy Text Block]	Inventories Inventory cost is computed on a currently adjusted standard cost basis (which approximates actual cost on a current average or first-in, first-out basis). Work in process and finished goods inventory are determined to be saleable based on a demand forecast within a specific time horizon, generally one year or less. Inventory in excess of saleable amounts is reserved, and the remaining inventory is valued at the lower of cost or net realizable value. This inventory valuation reserve totaled $1,568 thousand and $748 thousand at fiscal year-end 2022 and 2021, respectively. Inventories, net of the valuation reserve, at fiscal year-ends were as follows: In Thousands 2022 2021 Raw materials $ 7,789 $ 9,142 Work in process 3,478 3,529 Finished goods 110,603 79,711 $ 121,870 $ 92,382
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant and Equipment Property, plant and equipment are recorded at cost. Depreciation and amortization are computed for financial reporting purposes principally using the straight-line method over the following estimated useful lives: buildings, 20-30 years; leasehold improvements, term of the lease; machinery and equipment, 5-15 years; and tooling, dies and molds, 2-5 years. Property, plant and equipment consist of the following: In Thousands 2022 2021 Land $ 1,306 $ 2,255 Buildings and leasehold improvements 27,406 24,175 Machinery and equipment 27,497 31,853 Total cost 56,209 58,283 Accumulated depreciation and amortization (31,458 ) (33,347 ) $ 24,751 $ 24,936 The Company evaluates the recoverability of certain long-lived assets whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Estimates of future cash flows used to test recoverability of long-lived assets include separately identifiable undiscounted cash flows expected to arise from the use and eventual disposition of the assets. Where estimated future cash flows are less than the carrying value of the assets, impairment losses are recognized based on the amount by which the carrying value exceeds the fair value of the assets. No We classify assets as held for sale when our management approves and commits to a formal plan of sale that is probable of being completed within one (1) year. Assets designated as held for sale are recorded at the lower of their current carrying value or their fair market value, less costs to sell, beginning in the period in which the assets meet the criteria to be classified as held for sale.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill and Intangible Assets Goodwill represents the excess of the purchase price over fair value of net tangible and identifiable intangible assets of acquired businesses. Intangible assets consist of patents, consulting agreements, non-compete agreements, customer lists, developed technology, license agreements, and trademarks. Goodwill is deemed to have an indefinite life and is not amortized, but is subject to impairment testing annually in accordance with guidance included in FASB ASC 350 , Intangibles Goodwill and Other The Company reviews goodwill for impairment annually and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable, in accordance with guidance in FASB ASC 350, Intangibles Goodwill and Other
Share-Based Payment Arrangement [Policy Text Block]	Employee Incentive Plan During 2017, the Company approved an incentive plan explained in Note 9. The Company accounts for this plan under the recognition and measurement principles of FASB ASC 718, Equity Based Payments
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency The functional currency for the foreign operations of Escalade is the U.S. dollar. Gains or losses resulting from foreign currency transactions are included in selling, general and administrative expense in the Consolidated Statements of Operations and were insignificant in fiscal years 2022, 2021, and 2020.
Cost of Goods and Service [Policy Text Block]	Cost of Products Sold Cost of products sold is comprised of those costs directly associated with or allocated to the products sold and include materials, labor and factory overhead.
Income Tax, Policy [Policy Text Block]	Provision for Income Taxes Income tax in the consolidated statement of operations includes deferred income tax provisions or benefits for all significant temporary differences in recognizing income and expenses for financial reporting and income tax purposes. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax asset will not be realized. The Company accounts for uncertainty in tax positions by recognizing in its financial statements the impact of a tax position only if that position is more likely than not of being sustained.
Research and Development Expense, Policy [Policy Text Block]	Research and Development Research and development costs are charged to expense as incurred. Research and development costs incurred during 2022, 2021 and 2020 were approximately $2.7 million, $2.0 million, and $1.5 million, respectively.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements and Changes in Accounting Principles New Accounting Standards to be Adopted In June 2016, the FASB issued ASU 2016-13, Financial Instruments Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. Financial Instruments Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates.

Note 1 - Nature of Operations_2

Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Inventory, Current [Table Text Block]	In Thousands 2022 2021 Raw materials $ 7,789 $ 9,142 Work in process 3,478 3,529 Finished goods 110,603 79,711 $ 121,870 $ 92,382
Property, Plant and Equipment [Table Text Block]	In Thousands 2022 2021 Land $ 1,306 $ 2,255 Buildings and leasehold improvements 27,406 24,175 Machinery and equipment 27,497 31,853 Total cost 56,209 58,283 Accumulated depreciation and amortization (31,458 ) (33,347 ) $ 24,751 $ 24,936

Note 2 - Certain Significant _2

Note 2 - Certain Significant Estimates (Tables)	12 Months Ended
	Dec. 31, 2022
Reserve For Customer Allowances [Member]
Notes Tables
Valuation and Qualifying Accounts [Table Text Block]	In Thousands 2022 2021 2020 Beginning balance $ 2,340 $ 2,296 $ 1,292 Additions 11,627 12,930 11,940 Deductions (12,326 ) (12,886 ) (10,936 ) Ending balance $ 1,641 $ 2,340 $ 2,296
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Notes Tables
Valuation and Qualifying Accounts [Table Text Block]	In Thousands 2022 2021 2020 Beginning balance $ 457 $ 896 $ 483 Additions (Reductions) 108 (408 ) 473 Deductions (73 ) (31 ) (60 ) Ending balance $ 492 $ 457 $ 896
SEC Schedule, 12-09, Reserve, Inventory [Member]
Notes Tables
Valuation and Qualifying Accounts [Table Text Block]	In Thousands 2022 2021 2020 Beginning balance $ 748 $ 697 $ 786 Additions 1,083 446 831 Deductions (263 ) (395 ) (920 ) Ending balance $ 1,568 $ 748 $ 697
SEC Schedule, 12-09, Reserve, Warranty [Member]
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	In Thousands 2022 2021 2020 Beginning balance $ 1,119 $ 962 $ 688 Additions 2,472 2,487 1,648 Deductions (2,578 ) (2,330 ) (1,374 ) Ending balance $ 1,013 $ 1,119 $ 962

Note 3 - Accrued Liabilities (T

Note 3 - Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	In Thousands 2022 2021 Employee compensation $ 3,647 $ 5,573 Customer co-op and volume allowances 1,641 2,340 Customer return accruals and other allowances 4,225 6,435 Other accrued items 11,807 10,037 $ 21,320 $ 24,385

Note 4 - Leases (Tables)

Note 4 - Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Lease, Cost [Table Text Block]	All Amounts in Thousands Twelve Months Ended December 31, 2022 Twelve Months Ended December 25, 2021 Lease Expense Operating Lease Cost $ 1,481 $ 1,489 Short-term Lease Cost 2,587 3,019 Variable Lease Cost 502 378 Total Operating Lease Cost $ 4,570 $ 4,886 Operating Lease – Operating Cash Flows $ 860 $ 1,347 New ROU Assets – Operating Leases (non-cash) $ 8,084 $ 2,347 Period Ended December 31, 2022 Period Ended December 25, 2021 Weighted Average Remaining Lease Term – Operating Leases (years) 8.98 3.97 Weighted Average Discount Rate – Operating Leases 5.06 % 5.00 %
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	All Amounts in Thousands Year 1 $ 1,454 Year 2 1,402 Year 3 1,367 Year 4 1,323 Year 5 1,237 Thereafter 5,270 Total future minimum lease payments 12,053 Less imputed interest (2,419 ) Total $ 9,634 Reported as of December 31, 2022 Current operating lease liabilities 993 Long-term operating lease liabilities 8,641 Total $ 9,634

Note 5 - Acquired Intangible _2

Note 5 - Acquired Intangible Assets and Goodwill (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	2022 2021 In Thousands Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Patents 24,715 24,270 24,715 24,068 Non-compete agreements 2,749 2,749 2,749 2,749 Customer list 22,017 9,783 18,017 8,100 Trademarks 18,636 802 9,736 266 Developed technology 475 396 475 301 License agreements 700 172 700 130 69,292 38,172 56,392 35,614
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	All Amounts in Thousands 2023 $ 2,480 2024 2,356 2025 2,307 2026 2,259 2027 2,173 Thereafter 11,761 Subtotal 23,336 Indefinite-lived intangible asset balance 7,784 Total $ 31,120
Schedule of Goodwill [Table Text Block]	In Thousands Sporting Goods Balance at December 26, 2020 $ 32,695 Acquisition - Balance at December 25, 2021 $ 32,695 Acquisition 9,631 Balance at December 31, 2022 $ 42,326

Note 6 - Borrowings (Tables)

Note 6 - Borrowings (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Funded Debt to Adjusted Ratio Percentage [Table Text Block]	Funded Debt to EBITDA Ratio Revolving Commitment ABR Spread Revolving Commitment Term Benchmark Spread Letter of Credit Fee Commitment Fee Rate Category 1 Greater than or equal to 3.00 to 1.0 0.75 % 2.50 % 2.50 % 0.35 % Category 2 Greater than or equal to 2.50 to 1.0 but less than 3.00 to 1.0 0.25 % 2.00 % 2.00 % 0.30 % Category 3 Greater than or equal to 1.50 to 1.0 but less than 2.50 to 1.0 -0- 1.75 % 1.75 % 0.25 % Category 4 Less than 1.50 to 1.0 (0.25% ) 1.50 % 1.50 % 0.20 %
Schedule of Long-Term Debt Instruments [Table Text Block]	In Thousands 2022 2021 Senior secured revolving credit facility of $90.0 million with a maturity of January 21, 2027. The interest rate at December 31, 2022 was 6.92% and 3.00% at December 25, 2021. $ 55,000 $ 10,515 Term loan of $50.0 million with a maturity date of January 21, 2027. The interest rate at December 31, 2022 and December 25, 2021, was 2.97%. 39,881 47,024 94,881 57,539 Current portion of long-term debt (7,143 ) (7,143 ) $ 87,738 $ 50,396

Note 7 - Earnings Per Share (Ta

Note 7 - Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Weighted Average Number of Shares [Table Text Block]	In Thousands 2022 2021 2020 Weighted average common shares outstanding 13,572 13,747 14,096 Dilutive effect of stock options and restricted stock units 117 119 129 Weighted average common shares outstanding, assuming dilution 13,689 13,866 14,225 Number of anti-dilutive stock options and unvested restricted stock units - - 58

Note 9 - Stock Compensation P_2

Note 9 - Stock Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Number of Shares Weighted Average Grant Date Fair Value Non-vested stock units as of December 26, 2020 244,076 $ 8.98 Granted 50,615 20.74 Vested (84,887 ) 8.98 Forfeited (55,684 ) 7.99 Non-vested stock units as of December 25, 2021 154,120 $ 13.19 Granted 216,254 14.15 Vested (97,189 ) 12.16 Forfeited (21,156 ) 14.10 Non-vested stock units as of December 31, 2022 252,029 $ 14.33
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Incentive Stock Options Director Stock Options Granted Outstanding Granted Outstanding 2022 - - - - 2021 - - - - 2020 - 10,000 - - 2022 2021 2020 Shares Option Price Shares Option Price Shares Option Price Outstanding at beginning of year - - 10,000 $ 14.39 20,000 $ 14.39 Issued during year - - - - - - Canceled or expired - - - - - - Exercised during year - - (10,000 ) $ 14.39 (10,000 ) $ 14.39 Outstanding at end of year - - - - 10,000 $ 14.39 Exercisable at end of year - - 10,000 Weighted-average fair value of options granted during the year - - -

Note 10 - Provision for Taxes (

Note 10 - Provision for Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	In Thousands 2022 2021 2020 Income before taxes: $ 22,614 $ 30,549 $ 32,922 Provision (benefit) for taxes: Current Federal $ 4,149 $ 4,819 $ 5,479 State 720 758 854 4,869 5,577 6,333 Deferred Federal (502 ) 408 665 State 258 159 (10 ) (244 ) 567 655 $ 4,625 $ 6,144 $ 6,988
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	In Thousands 2022 2021 2020 Income tax at statutory rate $ 4,749 $ 6,415 $ 6,914 Increase (decrease) in income tax resulting from State tax expense, net of federal effect 773 724 668 Federal true-ups (49 ) (38 ) (103 ) Federal tax credits (413 ) (251 ) (114 ) Captive insurance earnings (478 ) (456 ) (443 ) Incentive stock options (18 ) (214 ) (4 ) Other 61 (36 ) 70 Recorded provision for income taxes $ 4,625 $ 6,144 $ 6,988
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	In Thousands 2022 2021 Assets Valuation reserves $ 1,167 $ 1,248 Stock based compensation 389 329 Federal and state credits 674 339 Lease obligation 2,252 515 Other 4 34 Capitalized research costs 605 - Total assets 5,091 2,465 Liabilities Property and equipment (1,502 ) (1,474 ) Goodwill and intangible assets (5,347 ) (4,973 ) Lease – right of use asset (2,127 ) (517 ) Prepaid insurance (280 ) (237 ) Total liabilities (9,256 ) (7,201 ) Valuation Allowance Beginning balance (23 ) (27 ) (Increase) Decrease during period (328 ) 4 Ending balance (351 ) (23 ) $ (4,516 ) $ (4,759 )
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	In Thousands 2022 2021 2020 Balance at beginning of year $ 61 $ 61 $ - Increases related to prior year tax positions - - - Decreases related to prior year tax positions - - - Increases related to current year tax positions - - 61 Settlements - - - Closure of tax years (41 ) - - Balance at end of year $ 20 $ 61 $ 61

Note 11 - Operating Segment a_2

Note 11 - Operating Segment and Geographic Information (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	In Thousands 2022 2021 2020 Sporting Goods Net revenue $ 313,757 $ 313,612 $ 273,649 Operating income 25,925 31,534 32,685 Interest expense 3,780 1,510 250 Provision for taxes 6,106 8,295 8,951 Net income 16,117 21,892 23,625 Identifiable assets 286,417 241,547 211,253 Depreciation & amortization 6,063 4,835 4,016 Capital expenditures 2,111 9,696 5,455 All Other Net revenue - - - Operating income 390 362 347 Interest expense (income) - - - Provision (benefit) for taxes (1,481 ) (2,151 ) (1,963 ) Net income 1,872 2,513 2,309 Identifiable assets 12,301 10,251 9,452 Depreciation & amortization - - - Capital expenditures - - - Total Net revenue 313,757 313,612 273,649 Operating income 26,315 31,896 33,032 Interest expense 3,780 1,510 250 Provision for taxes 4,625 6,144 6,988 Net income 17,989 24,405 25,934 Identifiable assets 298,718 251,798 220,705 Depreciation & amortization 6,063 4,835 4,016 Capital expenditures 2,111 9,696 5,455
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	In Thousands 2022 2021 2020 North America $ 307,318 $ 309,211 $ 270,173 Europe 3,036 2,153 1,555 Other 3,403 2,248 1,921 $ 313,757 $ 313,612 $ 273,649

Note 12 - Summary of Quarterl_2

Note 12 - Summary of Quarterly Results (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Quarterly Financial Information [Table Text Block]	In thousands, except per share data (unaudited) March 19 July 9 October 1 December 31 2022 Net Sales $ 72,380 $ 94,337 $ 74,904 $ 72,136 Operating Income 9,023 8,189 4,220 4,883 Net income 6,654 5,673 2,958 2,704 Basic Earnings Per Share Data: $ 0.49 $ 0.42 $ 0.22 $ 0.20 Diluted Earnings Per Share Data: $ 0.49 $ 0.42 $ 0.22 $ 0.20 In thousands, except per share data (unaudited) March 20 July 10 October 2 December 25 2021 Net Sales $ 59,191 $ 99,679 $ 81,298 $ 73,444 Operating Income 7,129 10,686 7,672 6,409 Net income 5,442 8,126 5,966 4,871 Basic Earnings Per Share Data: $ 0.39 $ 0.59 $ 0.44 $ 0.36 Diluted Earnings Per Share Data: $ 0.39 $ 0.58 $ 0.43 $ 0.36

Note 13 - Acquisitions (Tables)

Note 13 - Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	In thousands Assets acquired and liabilities assumed: Accounts receivable, net $ 1,275 Inventories, net 13,641 Fixed assets, including building and land 4,049 Goodwill 9,631 Intangible assets 12,900 Accounts payable (3,193 ) Other liabilities (2,546 ) $ 35,757 In thousands Assets acquired and liabilities assumed: Accounts receivable, net $ 399 Inventories, net 3,797 Other assets 936 Goodwill 5,946 Intangible assets 5,277 Accounts payable (576 ) Other liabilities (333 ) $ 15,446

Note 14 - Commitments and Con_2

Note 14 - Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Minimum Payments Under Non-cancelable Royalty and License [Table Text Block]	In Thousands Amount 2023 $ 898 2024 566 2025 579 2026 599 2027 620 Thereafter 1,305 $ 4,567

Note 15 - Fair Values of Fina_2

Note 15 - Fair Values of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements Using 2022 In Thousands Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial assets Cash and cash equivalents $ 3,967 $ 3,967 $ - $ - Financial liabilities Current portion of long-term debt $ 7,143 $ - $ 7,143 $ - Long-term debt $ 87,738 $ - $ 87,738 $ - Fair Value Measurements Using 2021 In Thousands Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial assets Cash and cash equivalents $ 4,374 $ 4,374 $ - $ - Financial liabilities Current portion of long-term debt $ 7,143 $ - $ 7,143 $ - Long-term debt $ 50,396 $ - $ 50,396 $ -

Note 16 - Revenue from Contra_2

Note 16 - Revenue from Contracts with Customers (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Disaggregation of Revenue [Table Text Block]	Years Ended All Amounts in Thousands December 31, 2022 December 25, 2021 December 26, 2020 Gross Sales by Channel: Mass Merchants $ 104,097 $ 115,949 $ 104,147 Specialty Dealers 98,954 96,166 80,419 E-commerce 119,401 119,550 109,297 International 16,183 11,337 8,226 Other 4,490 3,240 2,312 Total Gross Sales 343,125 346,242 304,401 Less: Gross-to-Net Sales Adjustments Returns 5,256 8,304 7,837 Warranties 2,472 2,488 1,648 Customer Allowances 21,640 21,838 21,267 Total Gross-to-Net Sales Adjustments 29,368 32,630 30,752 Total Net Sales $ 313,757 $ 313,612 $ 273,649

Note 1 - Nature of Operations_3

Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Inventory Valuation Reserves	$ 1,568	$ 748
Impairment, Long-Lived Asset, Held-for-Use	0	0	$ 0
Research and Development Expense	$ 2,700	2,000	$ 1,500
Licensing Agreements [Member]
Finite-Lived Intangible Asset, Useful Life	17 years
Developed Technology Rights [Member]
Finite-Lived Intangible Asset, Useful Life	5 years
Trademarks [Member]
Finite-Lived Intangible Asset, Useful Life	20 years
Noncompete Agreements [Member]
Finite-Lived Intangible Asset, Useful Life	5 years
Minimum [Member] | Customer Lists [Member]
Finite-Lived Intangible Asset, Useful Life	3 years
Minimum [Member] | Patents [Member]
Finite-Lived Intangible Asset, Useful Life	5 years
Maximum [Member] | Customer Lists [Member]
Finite-Lived Intangible Asset, Useful Life	15 years
Maximum [Member] | Patents [Member]
Finite-Lived Intangible Asset, Useful Life	15 years
Building [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	20 years
Building [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	30 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	5 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	15 years
Tools, Dies and Molds [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	2 years
Tools, Dies and Molds [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	5 years
Book Overdrafts Reclassified to Accrued Liabilities [Member]
Bank Overdrafts	$ 6,900	$ 4,700

Note 1 - Nature of Operations_4

Note 1 - Nature of Operations and Summary of Significant Accounting Policies - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 25, 2021
Raw materials	$ 7,789	$ 9,142
Work in process	3,478	3,529
Finished goods	110,603	79,711
Inventory, Net	$ 121,870	$ 92,382

Note 1 - Nature of Operations_5

Note 1 - Nature of Operations and Summary of Significant Accounting Policies - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 25, 2021
Land	$ 1,306	$ 2,255
Buildings and leasehold improvements	27,406	24,175
Machinery and equipment	27,497	31,853
Total cost	56,209	58,283
Accumulated depreciation and amortization	(31,458)	(33,347)
Property, Plant and Equipment, Net	$ 24,751	$ 24,936

Note 2 - Certain Significant _3

Note 2 - Certain Significant Estimates (Details Textual)	12 Months Ended
	Dec. 31, 2022
Minimum [Member]
Product Warranty Period	30 days
Maximum [Member]
Product Warranty Period	1 year
Licensing Agreements [Member]
Finite-Lived Intangible Asset, Useful Life	17 years
Developed Technology Rights [Member]
Finite-Lived Intangible Asset, Useful Life	5 years
Trademarks [Member]
Finite-Lived Intangible Asset, Useful Life	20 years
Customer Lists [Member] | Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	3 years
Customer Lists [Member] | Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	15 years
Noncompete Agreements [Member]
Finite-Lived Intangible Asset, Useful Life	5 years
Patents [Member] | Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	5 years
Patents [Member] | Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	15 years

Note 2 - Certain Significant _4

Note 2 - Certain Significant Estimates - Product Warranty (Details) - SEC Schedule, 12-09, Reserve, Warranty [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Beginning balance	$ 1,119	$ 962	$ 688
Additions	2,472	2,487	1,648
Deductions	(2,578)	(2,330)	(1,374)
Ending balance	$ 1,013	$ 1,119	$ 962

Note 2 - Certain Significant _5

Note 2 - Certain Significant Estimates - Inventory Valuation Reserves (Details) - SEC Schedule, 12-09, Reserve, Inventory [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Beginning balance	$ 748	$ 697	$ 786
Additions	1,083	446	831
Deductions	(263)	(395)	(920)
Ending balance	$ 1,568	$ 748	$ 697

Note 2 - Certain Significant _6

Note 2 - Certain Significant Estimates - Allowance for Doubtful Accounts (Details) - SEC Schedule, 12-09, Allowance, Credit Loss [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Beginning balance	$ 457	$ 896	$ 483
Additions	108	(408)	473
Deductions	(73)	(31)	(60)
Ending balance	$ 492	$ 457	$ 896

Note 2 - Certain Significant _7

Note 2 - Certain Significant Estimates - Customer Allowances (Details) - Reserve For Customer Allowances [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Beginning balance	$ 2,340	$ 2,296	$ 1,292
Additions	11,627	12,930	11,940
Deductions	(12,326)	(12,886)	(10,936)
Ending balance	$ 1,641	$ 2,340	$ 2,296

Note 3 - Accrued Liabilities -

Note 3 - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 25, 2021
Employee compensation	$ 3,647	$ 5,573
Customer co-op and volume allowances	1,641	2,340
Customer return accruals and other allowances	4,225	6,435
Other accrued items	11,807	10,037
Accrued Liabilities, Current	$ 21,320	$ 24,385

Note 4 - Leases (Details Textua

Note 4 - Leases (Details Textual)	Dec. 31, 2022
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term	1 year
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term	9 years

Note 4 - Leases - Lease Cost (D

Note 4 - Leases - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021
Weighted Average Remaining Lease Term – Operating Leases (in years) (Year)	8 years 11 months 23 days	3 years 11 months 19 days
Operating Lease Cost	$ 1,481	$ 1,489
Weighted Average Discount Rate – Operating Leases	5.06%	5%
Short-term Lease Cost	$ 2,587	$ 3,019
Variable Lease Cost	502	378
Total Operating Lease Cost	4,570	4,886
Operating Lease – Operating Cash Flows	860	1,347
New ROU Assets – Operating Leases (non-cash)	$ 8,084	$ 2,347

Note 4 - Leases - Future Minimu

Note 4 - Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 25, 2021
Year 1	$ 1,454
Year 2	1,402
Year 3	1,367
Year 4	1,323
Year 5	1,237
Thereafter	5,270
Total future minimum lease payments	12,053
Less imputed interest	(2,419)
Total	9,634
Current operating lease liabilities	993	$ 818
Long-term operating lease liabilities	8,641	$ 1,387
Total	$ 9,634

Note 5 - Acquired Intangible _3

Note 5 - Acquired Intangible Assets and Goodwill (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Amortization of Intangible Assets	$ 2,559	$ 1,867	$ 1,480

Note 5 - Acquired Intangible _4

Note 5 - Acquired Intangible Assets and Goodwill - Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 25, 2021
Gross Carrying Amount	$ 69,292	$ 56,392
Accumulated Amortization	38,172	35,614
Patents [Member]
Gross Carrying Amount	24,715	24,715
Accumulated Amortization	24,270	24,068
Noncompete Agreements [Member]
Gross Carrying Amount	2,749	2,749
Accumulated Amortization	2,749	2,749
Customer Lists [Member]
Gross Carrying Amount	22,017	18,017
Accumulated Amortization	9,783	8,100
Trademarks [Member]
Gross Carrying Amount	18,636	9,736
Accumulated Amortization	802	266
Developed Technology Rights [Member]
Gross Carrying Amount	475	475
Accumulated Amortization	396	301
Licensing Agreements [Member]
Gross Carrying Amount	700	700
Accumulated Amortization	$ 172	$ 130

Note 5 - Acquired Intangible _5

Note 5 - Acquired Intangible Assets and Goodwill - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 25, 2021
2023	$ 2,480
2024	2,356
2025	2,307
2026	2,259
2027	2,173
Thereafter	11,761
Finite-Lived Intangible Assets, Net, Ending Balance	23,336
Indefinite-lived intangible asset balance	7,784
Intangible Assets, Net (Excluding Goodwill), Total	$ 31,120	$ 20,778

Note 5 - Acquired Intangible _6

Note 5 - Acquired Intangible Assets and Goodwill - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021
Balance at December 26, 2020	$ 32,695	$ 32,695
Acquisition	9,631	0
Balance at December 25, 2021	$ 42,326	$ 32,695

Note 6 - Borrowings (Details Te

Note 6 - Borrowings (Details Textual) $ in Thousands				12 Months Ended
	Oct. 26, 2022 USD ($)	Jul. 18, 2022 USD ($)	Dec. 14, 2020 USD ($)	Dec. 31, 2022 USD ($)	Jan. 21, 2022 USD ($)	Dec. 25, 2021 USD ($)	Jul. 07, 2021 USD ($)	Jan. 21, 2019 USD ($)
Stock Repurchase Program, Authorized Amount			$ 15,000
Term Loan [Member]
Debt Instrument, Face Amount						$ 50,000	$ 50,000
Debt Instrument, Periodic Payment, Principal				$ 595
Restated Credit Agreement [Member]
Debt to EBITDA Ratio	3.25		1.75
Debt Instrument, Total Consideration Used for Acquisitions			$ 30,000
Debt to Ebitda Ratio for Next Fiscal Year	3
EBITDA Add-backs for Disposition Expenses	$ 2,000
EBITDA Add-backs for Unusual or Non Recurring Expenses	2,000
Restated Credit Agreement [Member] | Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity								$ 5,000
Restated Credit Agreement [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 90,000	$ 75,000	$ 75,000		$ 65,000		75,000	$ 50,000
Debt to EBITDA Ratio		3
Debt Instrument, Interest Rate, Increase (Decrease)			0.25%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage, Increase (Decrease)			0.05%
Line of Credit Facility, Maximum Borrowing Capacity Under Accordion Feature				$ 90,000
Restated Credit Agreement [Member] | Swingline [Member]
Line of Credit Facility, Maximum Borrowing Capacity					$ 7,500
Amended and Restated Credit Agreement [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity							$ 50,000

Note 6 - Borrowings - Funded De

Note 6 - Borrowings - Funded Debt to Adjusted Ratio (Details)	12 Months Ended
	Dec. 31, 2022
Funded Debt to Adjusted Ratio Greater than or equal to 3.00 to 1.0 [Member]
Revolving Eurodollar Borrowing	0.75%
ABR Revolving Borrowing	2.50%
Letter of Credit Fee	2.50%
Commitment Fee	0.35%
Funded Debt to Adjusted Ratio Greater than or equal to 2.50 to 1.0 [Member]
Revolving Eurodollar Borrowing	0.25%
ABR Revolving Borrowing	2%
Letter of Credit Fee	2%
Commitment Fee	0.30%
Funded Debt to Adjusted Ratio Greater than or equal to 1.50 to 1.0 but less than 2.50 to 1.0 [Member]
Revolving Eurodollar Borrowing	0%
ABR Revolving Borrowing	1.75%
Letter of Credit Fee	1.75%
Commitment Fee	0.25%
Information related to Funded Debt to Adjusted Ratio Less than 1.50 to 1.0 [Member]
Revolving Eurodollar Borrowing	(0.25%)
ABR Revolving Borrowing	1.50%
Letter of Credit Fee	1.50%
Commitment Fee	0.20%

Note 6 - Borrowings - Long-term

Note 6 - Borrowings - Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 25, 2021
Long-Term Debt	$ 94,881	$ 57,539
Current portion of long-term debt	(7,143)	(7,143)
Long-Term Debt, Excluding Current Maturities	$ 87,738	$ 50,396
Senior Secured Debt [Member] | Revolving Credit Facility [Member]
Debt Instrument, Interest Rate, Stated Percentage	6.92%	3%
Long term debt, gross	$ 55,000	$ 10,515
Term Loan [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.97%	2.97%
Long term debt, gross	$ 39,881

Note 6 - Borrowings - Long-te_2

Note 6 - Borrowings - Long-term Debt (Details) (Parentheticals) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 25, 2021	Jul. 07, 2021
Senior Secured Debt [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 90
Debt Instrument, Interest Rate, Stated Percentage	6.92%	3%
Debt Instrument, Interest Rate, Stated Percentage	6.92%	3%
Term Loan [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.97%	2.97%
Debt Instrument, Face Amount		$ 50	$ 50
Debt Instrument, Interest Rate, Stated Percentage	2.97%	2.97%

Note 7 - Earnings Per Share - E

Note 7 - Earnings Per Share - Earnings Per Share (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Weighted average common shares outstanding (in shares)	13,572	13,747	14,096
Dilutive effect of stock options and restricted stock units (in shares)	117	119	129
Weighted average common shares outstanding, assuming dilution (in shares)	13,689	13,866	14,225
Number of anti-dilutive stock options and unvested restricted stock units (in shares)	0	0	58

Note 8 - Employee Benefit Pla_2

Note 8 - Employee Benefit Plans (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Profit Sharing Salary Reduction Plan [Member]
Other Labor-related Expenses	$ 1,179	$ 1,041	$ 841

Note 9 - Stock Compensation P_3

Note 9 - Stock Compensation Plans (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020	Dec. 12, 2022	Dec. 28, 2019	May 31, 2017
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 0	$ 0	$ 73
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)	0	0	10,000	0	20,000
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period	216,254	50,615
Share-Based Payment Arrangement, Expense	$ 1,974	$ 902	$ 1,011
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 1,415	629
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Employee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period	196,254
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period	3 years
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Employee [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	33.33%
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Employee [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	33.33%
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Employee [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	33.33%
Restricted Stock Units (RSUs) [Member] | Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period	20,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period			2 years
Restricted Stock Units (RSUs) [Member] | Director [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	50%
Restricted Stock Units (RSUs) [Member] | Director [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	50%
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Expense	$ 0	$ 0	$ 5
Incentive Plan 2017 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized						1,661,598
Shares Issued, Shares, Share-Based Payment Arrangement, before Forfeiture	3,886

Note 9 - Stock Compensation P_4

Note 9 - Stock Compensation Plans - Restricted Stock Awards Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021
Non-vested stock units (in shares)	154,120	244,076
Non-vested stock units, weighted average grant date fair value (in dollars per share)	$ 13.19	$ 8.98
Granted (in shares)	216,254	50,615
Granted, weighted average grant date fair value (in dollars per share)	$ 14.15	$ 20.74
Vested (in shares)	(97,189)	(84,887)
Vested, weighted average grant date fair value (in dollars per share)	$ 12.16	$ 8.98
Forfeited (in shares)	(21,156)	(55,684)
Forfeited, weighted average grant date fair value (in dollars per share)	$ 14.1	$ 7.99
Non-vested stock units (in shares)	252,029	154,120
Non-vested stock units, weighted average grant date fair value (in dollars per share)	$ 14.33	$ 13.19

Note 9 - Stock Compensation P_5

Note 9 - Stock Compensation Plans - Option Activity and Transactions (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020	Dec. 12, 2022
Options outstanding (in shares)	0	10,000	20,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	0	0	0
Options outstanding, price (in dollars per share)	$ 0	$ 14.39	$ 14.39
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	0	0	10,000	0
Options issued during year, price (in dollars per share)	$ 0	$ 0	$ 0
Options canceled or expired (in shares)	0	0	0
Options canceled or expired, price (in dollars per share)	$ 0	$ 0	$ 0
Options exercised (in shares)	0	(10,000)	(10,000)
Options exercised, price (in dollars per share)	$ 0	$ 14.39	$ 14.39
Options outstanding (in shares)	0	0	10,000
Options outstanding, price (in dollars per share)	$ 0	$ 0	$ 14.39
Exercisable at end of year (in shares)	0	0	10,000
Weighted-average fair value of options granted during the year (in dollars per share)	$ 0	$ 0	$ 0
Incentive Stock Options [Member]
Options outstanding (in shares)	0	10,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	0	0	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	0	0	10,000
Options outstanding (in shares)	0	0	10,000
Director Stock Options [Member]
Options outstanding (in shares)	0	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	0	0	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	0	0	0
Options outstanding (in shares)	0	0	0

Note 10 - Provision for Taxes_2

Note 10 - Provision for Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021
Taxes Payable	$ 387	$ 387
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	16	48
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	0
Foreign Tax Authority [Member]
Tax Credit Carryforward, Amount	323
Domestic Tax Authority [Member]
Increase (Decrease) in Income Taxes Payable	158
Increase (Decrease) in Income Taxes Receivable		631
State and Local Jurisdiction [Member]
Increase (Decrease) in Income Taxes Receivable	87
Increase (Decrease) in Income Taxes Payable, Net of Income Taxes Receivable		$ 108
Research Tax Credit Carryforward [Member]
Tax Credit Carryforward, Amount	351
Tax Credit Carryforward, Valuation Allowance	351
Tax Credit Carryforward, Amount, Net of Valuation Allowance	$ 0

Note 10 - Provision for Taxes -

Note 10 - Provision for Taxes - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Income before taxes:	$ 22,614	$ 30,549	$ 32,922
Federal	4,149	4,819	5,479
State	720	758	854
Current Income Tax Expense (Benefit)	4,869	5,577	6,333
Federal	(502)	408	665
State	258	159	(10)
Deferred Income Tax Expense (Benefit)	(244)	567	655
Income Tax Expense (Benefit)	$ 4,625	$ 6,144	$ 6,988

Note 10 - Provision for Taxes_3

Note 10 - Provision for Taxes - Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Income tax at statutory rate	$ 4,749	$ 6,415	$ 6,914
Increase (decrease) in income tax resulting from
State tax expense, net of federal effect	773	724	668
Federal true-ups	(49)	(38)	(103)
Federal tax credits	(413)	(251)	(114)
Captive insurance earnings	(478)	(456)	(443)
Incentive stock options	(18)	(214)	(4)
Other	61	(36)	70
Income Tax Expense (Benefit)	$ 4,625	$ 6,144	$ 6,988

Note 10 - Provision for Taxes_4

Note 10 - Provision for Taxes - Net Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021
Valuation reserves	$ 1,167	$ 1,248
Stock based compensation	389	329
Federal and state credits	674	339
Lease obligation	2,252	515
Other	4	34
Capitalized research costs	605	0
Total assets	5,091	2,465
Property and equipment	(1,502)	(1,474)
Goodwill and intangible assets	(5,347)	(4,973)
Lease – right of use asset	(2,127)	(517)
Prepaid insurance	(280)	(237)
Total liabilities	(9,256)	(7,201)
Beginning balance	(23)	(27)
(Increase) Decrease during period	(328)	4
Ending balance	(351)	(23)
Deferred Tax Liabilities, Net	$ (4,516)	$ (4,759)

Note 10 - Provision for Taxes_5

Note 10 - Provision for Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Balance at beginning of year	$ 61	$ 61	$ 0
Increases related to prior year tax positions	0	0	0
Decreases related to prior year tax positions	0	0	0
Increases related to current year tax positions	0	0	61
Settlements	0	0	0
Closure of tax years	(41)	0	0
Balance at end of year	$ 20	$ 61	$ 61

Note 11 - Operating Segment a_3

Note 11 - Operating Segment and Geographic Information (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 25, 2021 USD ($)	Dec. 26, 2020 USD ($)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	27.50%
Assets	$ 298,718	$ 251,798	$ 220,705
Number of Major Customers	1	1
Number of Employees Covered Under Collective Bargaining Agreement	31
Customer One [Member]
Number of Major Customers			1
Customer One [Member] | Customer Concentration Risk [Member] | Revenue Benchmark [Member]
Concentration Risk, Percentage	23%	21%	23%
Customer One [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member]
Concentration Risk, Percentage	28%	24%
Customer Two [Member] | Customer Concentration Risk [Member] | Revenue Benchmark [Member]
Concentration Risk, Percentage	12%	11%	13%
Customer Two [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member]
Concentration Risk, Percentage		10%
Customer Three [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member]
Concentration Risk, Percentage		17%
MEXICO
Assets	$ 14,800	$ 15,800

Note 11 - Operating Segment a_4

Note 11 - Operating Segment and Geographic Information - Operating Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended						4 Months Ended		12 Months Ended
	Dec. 31, 2022	Oct. 01, 2022	Mar. 19, 2022	Dec. 25, 2021	Oct. 02, 2021	Mar. 20, 2021	Jul. 09, 2022	Jul. 10, 2021	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Net revenue	$ 72,136	$ 74,904	$ 72,380	$ 73,444	$ 81,298	$ 59,191	$ 94,337	$ 99,679	$ 313,757	$ 313,612	$ 273,649
Operating income	4,883	4,220	9,023	6,409	7,672	7,129	8,189	10,686	26,315	31,896	33,032
Interest expense									(3,780)	(1,510)	(250)
Provision for taxes									4,625	6,144	6,988
Net income	2,704	2,958	6,654	4,871	5,966	5,442	5,673	8,126	17,989	24,405	25,934
Identifiable assets	298,718			251,798					298,718	251,798	220,705
Depreciation and amortization									6,063	4,835	4,016
Capital expenditures									2,111	9,696	5,455
Net Sales	72,136	$ 74,904	$ 72,380	73,444	$ 81,298	$ 59,191	$ 94,337	$ 99,679	313,757	313,612	273,649
Sporting Goods [Member]
Net revenue									313,757	313,612	273,649
Operating income									25,925	31,534	32,685
Interest expense									3,780	1,510	250
Provision for taxes									6,106	8,295	8,951
Net income									16,117	21,892	23,625
Identifiable assets	286,417			241,547					286,417	241,547	211,253
Depreciation and amortization									6,063	4,835	4,016
Capital expenditures									2,111	9,696	5,455
Net Sales									313,757	313,612	273,649
Other Segments [Member]
Net revenue									0	0	0
Operating income									390	362	347
Interest expense									0	0	0
Provision for taxes									(1,481)	(2,151)	(1,963)
Net income									1,872	2,513	2,309
Identifiable assets	$ 12,301			$ 10,251					12,301	10,251	9,452
Depreciation and amortization									0	0	0
Capital expenditures									0	0	0
Net Sales									$ 0	$ 0	$ 0

Note 11 - Operating Segment a_5

Note 11 - Operating Segment and Geographic Information - Net Sales by Country (Details) - USD ($) $ in Thousands	3 Months Ended						4 Months Ended		12 Months Ended
	Dec. 31, 2022	Oct. 01, 2022	Mar. 19, 2022	Dec. 25, 2021	Oct. 02, 2021	Mar. 20, 2021	Jul. 09, 2022	Jul. 10, 2021	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Net Sales	$ 72,136	$ 74,904	$ 72,380	$ 73,444	$ 81,298	$ 59,191	$ 94,337	$ 99,679	$ 313,757	$ 313,612	$ 273,649
North America [Member]
Net Sales									307,318	309,211	270,173
Europe [Member]
Net Sales									3,036	2,153	1,555
Other [Member]
Net Sales									$ 3,403	$ 2,248	$ 1,921

Note 12 - Summary of Quarterl_3

Note 12 - Summary of Quarterly Results - Quarterly Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						4 Months Ended		12 Months Ended
	Dec. 31, 2022	Oct. 01, 2022	Mar. 19, 2022	Dec. 25, 2021	Oct. 02, 2021	Mar. 20, 2021	Jul. 09, 2022	Jul. 10, 2021	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Net Sales	$ 72,136	$ 74,904	$ 72,380	$ 73,444	$ 81,298	$ 59,191	$ 94,337	$ 99,679	$ 313,757	$ 313,612	$ 273,649
Operating income	4,883	4,220	9,023	6,409	7,672	7,129	8,189	10,686	26,315	31,896	33,032
Net income	$ 2,704	$ 2,958	$ 6,654	$ 4,871	$ 5,966	$ 5,442	$ 5,673	$ 8,126	$ 17,989	$ 24,405	$ 25,934
Basic Earnings Per Share Data: (in dollars per share)	$ 0.2	$ 0.22	$ 0.49	$ 0.36	$ 0.44	$ 0.39	$ 0.42	$ 0.59	$ 1.33	$ 1.78	$ 1.84
Diluted Earnings Per Share Data: (in dollars per share)	$ 0.2	$ 0.22	$ 0.49	$ 0.36	$ 0.43	$ 0.39	$ 0.42	$ 0.58	$ 1.31	$ 1.76	$ 1.82

Note 13 - Acquisitions (Details

Note 13 - Acquisitions (Details Textual) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
	Jan. 21, 2022	Dec. 26, 2020	Dec. 31, 2022
Life Fitness LLC [Member]
Business Combination, Consideration Transferred	$ 35,800
Business Combination, Acquisition Related Costs			$ 134
American Heritage Billiards and Revel Match LLC [Member]
Business Combination, Consideration Transferred		$ 15,400

Note 13 - Acquisitions - Assets

Note 13 - Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jan. 21, 2022	Dec. 25, 2021	Dec. 26, 2020	Oct. 31, 2020
Goodwill	$ 42,326		$ 32,695	$ 32,695
American Heritage Billiards and Revel Match LLC [Member]
Accounts receivable, net					$ 399
Inventories, net					3,797
Other assets					936
Goodwill					5,946
Intangible assets					5,277
Accounts payable					(576)
Other liabilities					(333)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net					$ 15,446
Brunswick Billiards Business of Life Fitness, Llc [Member]
Accounts receivable, net		$ 1,275
Inventories, net		13,641
Fixed assets, including building and land		4,049
Goodwill		9,631
Intangible assets		12,900
Accounts payable		(3,193)
Other liabilities		(2,546)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net		$ 35,757

Note 14 - Commitments and Con_3

Note 14 - Commitments and Contingencies - Estimated Minimum Non-cancelable Royalty and License Payment (Details) $ in Thousands	Dec. 31, 2022 USD ($)
2023	$ 898
2024	566
2025	579
2026	599
2027	620
Thereafter	1,305
Royalty and License Future Minimum Payments, Due	$ 4,567

Note 15 - Fair Values of Fina_3

Note 15 - Fair Values of Financial Instruments - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 25, 2021
Cash and cash equivalents	$ 3,967	$ 4,374
Current portion of long-term debt	7,143	7,143
Long-term debt	87,738	50,396
Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	3,967	4,374
Current portion of long-term debt	0	0
Long-term debt	0	0
Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents	0	0
Current portion of long-term debt	7,143	7,143
Long-term debt	87,738	50,396
Fair Value, Inputs, Level 3 [Member]
Cash and cash equivalents	0	0
Current portion of long-term debt	0	0
Long-term debt	$ 0	$ 0

Note 16 - Revenue from Contra_3

Note 16 - Revenue from Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended						4 Months Ended		12 Months Ended
	Dec. 31, 2022	Oct. 01, 2022	Mar. 19, 2022	Dec. 25, 2021	Oct. 02, 2021	Mar. 20, 2021	Jul. 09, 2022	Jul. 10, 2021	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Gross Sales									$ 343,125	$ 346,242	$ 304,401
Returns									5,256	8,304	7,837
Warranties									2,472	2,488	1,648
Customer Allowances									21,640	21,838	21,267
Total Gross-to-Net Sales Adjustments									29,368	32,630	30,752
Total Net Sales	$ 72,136	$ 74,904	$ 72,380	$ 73,444	$ 81,298	$ 59,191	$ 94,337	$ 99,679	313,757	313,612	273,649
Mass Merchants [Member]
Gross Sales									104,097	115,949	104,147
Specialty Dealers [Member]
Gross Sales									98,954	96,166	80,419
E-commerce [Member]
Gross Sales									119,401	119,550	109,297
International [Member]
Gross Sales									16,183	11,337	8,226
Other Channels [Member]
Gross Sales									$ 4,490	$ 3,240	$ 2,312