Escalade (ESCA) 10-K 29 Mar 24 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 13, 2024	Jun. 30, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
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	true
Document Financial Statement Error Correction [Flag]	true
Document Financial Statement Restatement Recovery Analysis [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 132,971,358
Entity Common Stock, Shares Outstanding (in shares)		13,861,552
Auditor Name	FORVIS, LLP
Auditor Location	Evansville, IN
Auditor Firm ID	686
Entity Central Index Key	0000033488
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 16	$ 3,967
Receivables, less allowances of $652 and $492; respectively	49,985	57,419
Inventories	92,462	121,870
Prepaid expenses	4,280	4,942
Prepaid income tax	88
TOTAL CURRENT ASSETS	146,831	188,198
Property, plant and equipment, net	23,786	24,751
Assets held for sale	2,653	2,823
Operating lease right-of-use assets	8,378	9,100
Intangible assets	28,640	31,120
Goodwill	42,326	42,326
Other assets	391	400
TOTAL ASSETS	253,005	298,718
Current liabilities:
Current portion of long-term debt	7,143	7,143
Trade accounts payable	9,797	9,414
Accrued liabilities	15,283	21,320
Income tax payable		71
Current operating lease liabilities	1,041	993
TOTAL CURRENT LIABILITIES	33,264	38,941
Long-term debt	43,753	87,738
Deferred income tax liability	3,125	4,516
Operating lease liabilities	7,897	8,641
Other liabilities	387	407
TOTAL LIABILITIES	88,426	140,243
Commitments and Contingencies
Stockholders' equity:
Common stock, Authorized: 30,000,000 shares, no par value, Issued and outstanding: 2023 —13,736,800 shares, 2022 —13,594,407 shares	4,480	2,025
Retained earnings	160,099	156,450
TOTAL STOCKHOLDERS’ EQUITY	164,579	158,475
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 253,005	$ 298,718

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accounts Receivable, Allowance for Credit Loss, Current	$ 652	$ 492
Preferred Stock, Shares Authorized (in shares)	1,000,000	1,000,000
Preferred Stock, Par or Stated Value Per Share (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 (in shares)	13,736,800	13,594,407
Common Stock, Shares, Issued (in shares)	13,736,800	13,594,407

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 25, 2021
Net Sales	$ 263,566	$ 313,757	$ 313,612
Costs and Expenses
Cost of products sold	201,795	240,118	236,482
Selling, administrative and general expenses	41,480	44,765	43,367
Amortization	2,480	2,559	1,867
Operating Income	17,811	26,315	31,896
Other Income (Expense)
Interest expense	(5,349)	(3,780)	(1,510)
Other income (expense)	31	79	163
Income Before Income Taxes	12,493	22,614	30,549
Provision for Income Taxes	2,664	4,625	6,144
Net Income	$ 9,829	$ 17,989	$ 24,405
Earnings Per Share Data:
Basic earnings per share (in dollars per share)	$ 0.72	$ 1.33	$ 1.78
Diluted earnings per share (in dollars per share)	$ 0.71	$ 1.31	$ 1.76

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Retained Earnings [Member]	Total
Balances (in shares) at Dec. 26, 2020	13,919
Balances at Dec. 26, 2020	$ 4,598	$ 134,558	$ 139,156
Net income		24,405	24,405
Expense of stock options and restricted stock units			902
Exercise of stock options (in shares)	10
Exercise of stock options	$ 144		144
Settlement of restricted stock units (in shares)	50
Dividends declared		(7,693)	(7,693)
Stock issued to directors as compensation (in shares)	6
Stock issued to directors as compensation	$ 135		135
Purchase of stock (in shares)	(492)
Purchase of stock	$ (5,779)	(4,655)	(10,434)
Balances (in shares) at Dec. 25, 2021	13,493
Balances at Dec. 25, 2021		146,615	146,615
Net income		17,989	17,989
Expense of stock options and restricted stock units			1,974
Settlement of restricted stock units (in shares)	97
Dividends declared		(8,154)	(8,154)
Stock issued to directors as compensation (in shares)	4
Stock issued to directors as compensation	$ 51		51
Balances (in shares) at Dec. 31, 2022	13,594
Balances at Dec. 31, 2022	$ 2,025	156,450	158,475
Net income		9,829	9,829
Expense of stock options and restricted stock units			2,008
Settlement of restricted stock units (in shares)	108
Dividends declared		(6,180)	(6,180)
Stock issued to directors as compensation (in shares)	4
Stock issued to directors as compensation	$ 52		52
Issuance of common stock for service (in shares)	31
Issuance of common stock for service	$ 395		395
Balances (in shares) at Dec. 31, 2023	13,737
Balances at Dec. 31, 2023	$ 4,480	$ 160,099	$ 164,579

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 25, 2021
Operating Activities:
Net income	$ 9,829	$ 17,989	$ 24,405
Reconciling adjustments:
Depreciation and amortization	5,671	6,063	4,835
Allowance for credit losses	566	108	(408)
Stock option and restricted stock unit expense	2,008	1,974	902
Deferred income taxes	(1,391)	(244)	567
Loss (gain) on disposals of assets	(111)	(22)	(19)
Accounts receivable	6,867	9,738	(301)
Inventories	29,409	(15,847)	(19,894)
Prepaids and other assets	752	3,433	(4,163)
Accounts payable and accrued expenses	(5,719)	(14,668)	(4,985)
Net cash provided by operating activities	48,328	8,575	1,074
Purchase of property and equipment	(2,085)	(2,111)	(9,696)
Acquisitions		(35,757)
Proceeds from sale of property and equipment	140	40	43
Net cash used in investing activities	(1,945)	(37,828)	(9,653)
Dividends paid	(6,180)	(8,154)	(7,693)
Proceeds from issuance of long-term debt	93,998	197,369	232,065
Payments on long-term debt	(137,983)	(160,027)	(204,601)
Proceeds from exercise of stock options			144
Deferred financing fees	(169)	(342)	(33)
Purchase of stock			(10,434)
Net cash provided by financing activities	(50,334)	28,846	9,448
Increase (decrease) in Cash and Cash Equivalents	(3,951)	(407)	869
Cash and Cash Equivalents, beginning of year	3,967	4,374	3,505
Cash and Cash Equivalents, end of year	16	3,967	4,374
Supplemental Cash Flows Information
Interest paid	5,330	3,867	1,433
Income taxes paid	4,260	4,144	6,284
Fair value of assets acquired		41,496
Cash paid for assets		(35,757)
Liabilities assumed		5,739
Officer [Member]
Reconciling adjustments:
Common stock issued in lieu of bonus to officers	395
Director [Member]
Reconciling adjustments:
Common stock issued in lieu of bonus to officers	$ 52	$ 51	$ 135

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Dec. 31, 2023
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	ITEM 9B OTHER INFORMATION None.
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
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. 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. Correction of Immaterial Errors During the year ended December 31, 2023, management became aware of an error in reporting of common stock value within the consolidated balance sheet and statement of stockholders’ equity. Common stock previously was reported with a $1.00 stated value even though, per the Company’s Articles of Incorporation, the common stock has no par value. Additionally, components of equity that should have been reflected within common stock were improperly reported within retained earnings. We have reviewed historical activity reflected in common stock and retained earnings and have identified adjustments to be made to correct the immaterial reporting error. The consolidated balance sheet and consolidated statement of stockholders’ equity have been corrected and have been updated for prior years within this Form 10-K. We assessed the materiality of this error on prior periods' financial statements in accordance with the Securities and Exchange Commission Staff Accounting Bulletin No. 99, Materiality Presentation of Financial Statements The impact of this revision on our consolidated balance sheet and consolidated statement of stockholders’ equity as of December 31, 2022 was as follows: Year Ended December 31, 2022 As Previously Reported Correction As Corrected In Thousands Common Stock $ 13,594 $ (11,569 ) $ 2,025 Retained Earnings 144,881 11,569 156,450 Total Stockholders’ Equity $ 158,475 -- $ 158,475 The impact of this revision on our consolidated statement of stockholders’ equity as of December 25, 2021 was as follows: Year Ended December 25, 2021 As Previously Reported Correction As Corrected In Thousands Common Stock $ 13,493 $ (13,493 ) $ -- Retained Earnings 133,122 13,493 146,615 Total Stockholders’ Equity $ 146,615 -- $ 146,615 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. 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 was effective beginning with Escalade’s 2023 fiscal calendar, which began on January 1, 2023. Consistent with SEC guidance, no transition report was required in connection with the change in Escalade’s fiscal year end. 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, 2023, the Company reclassed $3.4 million of book overdrafts to accrued liabilities. As of December 31, 2022, the Company reclassed $6.9 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 credit losses 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 $891 thousand and $1,568 thousand at fiscal year-end 2023 and 2022, respectively. Inventories, net of the valuation reserve, at fiscal year-ends were as follows: In Thousands 2023 2022 Raw materials $ 4,050 $ 7,789 Work in process 2,308 3,478 Finished goods 86,104 110,603 $ 92,462 $ 121,870 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 2023 2022 Land $ 1,306 $ 1,306 Buildings and leasehold improvements 28,207 27,406 Machinery and equipment 29,194 27,497 Total cost 58,707 56,209 Accumulated depreciation and amortization (34,921 ) (31,458 ) $ 23,786 $ 24,751 Depreciation expenses relating to property, plant and equipment for the years ended December 31, 2023 and 2022 were $3,191 thousand and $3,504 thousand, respectively. 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 asset impairment was recognized during the years ended 2023, 2022, or 2021. 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 Debt Issuance Costs Costs incurred with the issuance of the Company’s senior revolving credit facility have been deferred and amortized over the term of the facility as a component of interest expense using the straight-line method. These deferred costs are included in other assets in the consolidated balance sheets. 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 2023, 2022, and 2021. 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. Research and Development Research and development costs are charged to expense as incurred. Research and development costs incurred during 2023, 2022 and 2021 were approximately $3.1 million, $2.7 million, and $2.0 million, respectively. Selling, General and Administrative Expense Selling, general and administrative expenses include personnel-related costs, including stock-based compensation, selling, advertising, and other general operating expenses. Advertising costs are expensed in the period incurred. Total advertising expenses incurred during 2023, 2022 and 2021 were approximately $6.9 million, $7.8 million, and $7.5 million, respectively. 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. New Accounting Pronouncements and Changes in Accounting Principles Standards Adopted: In June 2016, the FASB issued ASU 2016-13, Financial Instruments Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The Company adopted this standard on January 1, 2023. The adoption of this standard did not have a material impact on the financial statements of the Company. New Accounting Standards to be Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures.

Note 2 - Certain Significant Es

Note 2 - Certain Significant Estimates	12 Months Ended
	Dec. 31, 2023
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 three five seven ten fifteen In Thousands 2023 2022 2021 Beginning balance $ 1,013 $ 1,119 $ 962 Additions 528 2,472 2,487 Deductions (951 ) (2,578 ) (2,330 ) Ending balance $ 590 $ 1,013 $ 1,119 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 2023 2022 2021 Beginning balance $ 1,568 $ 748 $ 697 Additions 725 1,083 446 Deductions (1,402 ) (263 ) (395 ) Ending balance $ 891 $ 1,568 $ 748 Allowance for Credit Losses The Company provides an allowance for credit losses based upon a review of outstanding receivables, historical collection information and existing and forecasted 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 credit losses were as follows: In Thousands 2023 2022 2021 Beginning balance $ 492 $ 457 $ 896 Additions (Reductions) 566 108 (408 ) Deductions (406 ) (73 ) (31 ) Ending balance $ 652 $ 492 $ 457 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 2023 2022 2021 Beginning balance $ 1,641 $ 2,340 $ 2,296 Additions 10,792 11,627 12,930 Deductions (10,762 ) (12,326 ) (12,886 ) Ending balance $ 1,671 $ 1,641 $ 2,340

Note 3 - Accrued Liabilities

Note 3 - Accrued Liabilities	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	Note 3 Accrued Liabilities Accrued liabilities consist of the following: In Thousands 2023 2022 Employee compensation $ 2,653 $ 3,647 Customer co-op and volume allowances 1,671 1,641 Customer return accruals and other allowances 3,654 4,225 Other accrued items 7,305 11,807 $ 15,283 $ 21,320

Note 4 - Leases

Note 4 - Leases	12 Months Ended
	Dec. 31, 2023
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 8 years. As of December 31, 2023, 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, 2023 Twelve Months Ended December 31, 2022 Lease Expense Operating Lease Cost $ 1,522 $ 1,481 Short-term Lease Cost 1,998 2,587 Variable Lease Cost 464 502 Total Operating Lease Cost $ 3,984 $ 4,570 Operating Lease – Operating Cash Flows $ 1,020 $ 860 New ROU Assets – Operating Leases (non-cash) $ 325 $ 8,084 Other information about lease amounts recognized in our consolidated financial statements is summarized as follows: Period Ended December 31, 2023 Period Ended December 31, 2022 Weighted Average Remaining Lease Term – Operating Leases (years) 8.09 8.98 Weighted Average Discount Rate – Operating Leases 5.20 % 5.06 % Future minimum lease payments under non-cancellable leases as of December 31, 2023 were as follows: All Amounts in Thousands 2024 $ 1,480 2025 1,445 2026 1,401 2027 1,314 2028 1,074 Thereafter 4,257 Total future minimum lease payments 10,971 Less imputed interest (2,033 ) Total $ 8,938 Reported as of December 31, 2023 Current operating lease liabilities 1,041 Long-term operating lease liabilities 7,897 Total $ 8,938

Note 5 - Acquired Intangible As

Note 5 - Acquired Intangible Assets and Goodwill	12 Months Ended
	Dec. 31, 2023
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: 2023 2022 In Thousands Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Patents 24,715 24,410 24,715 24,270 Non-compete agreements 2,749 2,749 2,749 2,749 Customer list 22,017 11,466 22,017 9,783 Trademarks 18,636 1,339 18,636 802 Developed technology 475 475 475 396 License agreements 700 213 700 172 69,292 40,652 69,292 38,172 Amortization expense was $2.5 million, $2.6 million and $1.9 million for 2023, 2022 and 2021, respectively. At December 31, 2023, the net carrying amount of trademarks includes $7.8 million related to indefinite-lived intangible assets which are not amortized but are evaluated for impairment. Estimated future amortization expense is summarized in the following table: All Amounts in Thousands 2024 $ 2,356 2025 2,307 2026 2,259 2027 2,172 2028 1,523 Thereafter 10,239 Subtotal 20,856 Indefinite-lived intangible asset balance 7,784 Total $ 28,640 Consistent with our operating segment conclusion, we have concluded one reporting unit exists and all goodwill is allocated to that reporting unit. The changes in the carrying amount of goodwill were: In Thousands Sporting Goods Balance at December 25, 2021 $ 32,695 Acquisition 9,631 Balance at December 31, 2022 $ 42,326 Acquisition -- Balance at December 31, 2023 $ 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, 2023
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 3 On May 8, 2023, the Company entered into the Third Amendment (the “Third Amendment”) to the Restated Credit Agreement. The Third Amendment adjusted the funded debt to EBITDA ratio financial covenant to 4:25 3:00 2:75 1:10 1:25 Each loan will bear interest based on the applicable SOFR rate for the interest period in effect plus the Applicable Rate. From May 8, 2023 up to and including the fiscal quarter ending December 31, 2023, the applicable rate per annum is set forth below in Category 1. After the fiscal quarter ending December 31, 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 3.50 to 1.0 1.25% 3.00% 3.00% 0.50% Category 2 Greater than or equal to 3.00 to 1.0 but less than 3.50 to 1.0 0.75% 2.50% 2.50% 0.35% Category 3 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 4 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 5 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. The Company was in compliance with the debt covenants set forth in the 2022 Restated Credit Agreement as of December 31, 2023. Long-Term Debt Long-term debt at fiscal year-ends was as follows: In Thousands 2023 2022 Senior secured revolving credit facility of $85.0 million with a maturity of January 21, 2027. The interest rate at December 31, 2023 was 8.54% and 6.92% at December 31, 2022. $ 18,158 $ 55,000 Term loan of $50.0 million with a maturity date of January 21, 2027. The interest rate at December 31, 2023 and December 31, 2022, was 2.97%. 32,738 39,881 50,896 94,881 Current portion of long-term debt (7,143 ) (7,143 ) $ 43,753 $ 87,738 The Company makes monthly principal payments under the Term loan of $595 thousand. As of December 31, 2023, the Company had $66.8 million of availability on its senior secured revolving credit facility.

Note 7 - Earnings Per Share

Note 7 - Earnings Per Share	12 Months Ended
	Dec. 31, 2023
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 2023 2022 2021 Weighted average common shares outstanding 13,714 13,572 13,747 Dilutive effect of stock options and restricted stock units 190 117 119 Weighted average common shares outstanding, assuming dilution 13,904 13,689 13,866 Number of anti-dilutive stock options and unvested restricted stock units -- -- -- 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, 2023
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 $1,094 thousand, $1,179 thousand and $1,041 thousand for 2023, 2022 and 2021, respectively.

Note 9 - Stock Compensation Pla

Note 9 - Stock Compensation Plans	12 Months Ended
	Dec. 31, 2023
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 2023, and pursuant to the 2017 Incentive Plan, the Company issued 30,921 shares of common stock with a fair market value of $395 thousand in lieu of accrued and unpaid annual cash incentives for fiscal year 2022 to certain officers. During 2023, and pursuant to the 2017 Incentive Plan, in lieu of cash payments of director fees, the Company awarded to certain directors 4,441 shares of common stock. In 2023, the Company awarded 21,200 restricted stock units to directors and 145,563 restricted stock units to employees. The restricted stock units awarded to directors time vest over two years (one-half one year from grant date and one-half two years from grant date) provided that the director is still a director of the Company at the vest date. Director restricted stock units are subject to forfeiture, except for termination of services as a result of retirement, death or disability, if on the vesting date the director no longer holds a position with the Company. All of the 2023 restricted stock units awarded to employees time vest over three years (one-third one year from grant, one-third two years from grant and one-third three years from grant) provided that the employee is still employed by the Company on the vesting date. The Company has elected to account for forfeitures when they actually occur. 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 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 Granted 166,763 12.68 Vested (107,031 ) 13.97 Forfeited (6,635 ) 13.31 Non-vested stock units as of December 31, 2023 305,126 $ 13.58 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. For fiscal years 2023, 2022, and 2021 no awards were granted that were contingent on market criteria. In 2023, 2022, and 2021 the Company recognized $2,008 thousand, $1,974 thousand, and $902 thousand respectively in compensation expense related to restricted stock units and as of December 31, 2023 and December 31, 2022, there was $1,433 thousand and $1,415 thousand respectively, of unrecognized compensation expense related to restricted stock units. The unrecognized compensation expense of unvested restricted stock awards not yet recognized as of December 31, 2023 are expected to be recognized over the weighted average period of 1.33 years.

Note 10 - Provision for Taxes

Note 10 - Provision for Taxes	12 Months Ended
	Dec. 31, 2023
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 2023 2022 2021 Income before taxes: $ 12,493 $ 22,614 $ 30,549 Provision (benefit) for taxes: Current Federal $ 3,472 $ 4,149 $ 4,819 State 583 720 758 4,055 4,869 5,577 Deferred Federal (1,230 ) (502 ) 408 State (161 ) 258 159 (1,391 ) (244 ) 567 $ 2,664 $ 4,625 $ 6,144 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 2023 2022 2021 Income tax at statutory rate $ 2,623 $ 4,749 $ 6,415 Increase (decrease) in income tax resulting from State tax expense, net of federal effect 333 773 724 Federal true-ups (53 ) (49 ) (38 ) Federal tax credits (405 ) (413 ) (251 ) Captive insurance earnings (112 ) (478 ) (456 ) Incentive stock options 33 (18 ) (214 ) Other 245 61 (36 ) Recorded provision for income taxes $ 2,664 $ 4,625 $ 6,144 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, 2023 and December 31, 2022. 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 2019. The Company has state, net of federal benefit, research tax credit carryforwards of $319 thousand as of December 31, 2023. The state research tax credit carryforwards begin to expire in 2025. A valuation allowance has been established in the amount of $319 thousand as of December 31, 2023 related to the state tax credit carryforwards, leaving an ending deferred, net of federal benefit, in the amount of zero. The increase in the valuation allowance relates to the decrease in the projected tax liability which would be offset by the credit carryforward. The valuation allowance is based on the historical results and estimated future results of the Company, as it is the judgment of management not all of these tax carryforward attributes will be realized before they begin to expire. In addition, the Company has foreign tax credit carryforwards of $521 thousand, as of December 31, 2023. The foreign tax credit carryforwards will begin to expire in 2030. At December 31, 2023, the Company had domestic federal income taxes receivable of $150 thousand, domestic state income taxes payable of $62 thousand, and transition tax payable of $387 thousand recorded. 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. The components of the net deferred tax liabilities are as follows: In Thousands 2023 2022 Assets Valuation reserves $ 1,088 $ 1,167 Stock based compensation 295 389 Federal and state credits 840 674 Lease obligation 2,090 2,252 Other 28 4 Capitalized research costs 2,104 605 Total assets 6,445 5,091 Liabilities Property and equipment (1,206 ) (1,502 ) Goodwill and intangible assets (5,732 ) (5,347 ) Lease – right of use asset (1,959 ) (2,127 ) Prepaid insurance (354 ) (280 ) Total liabilities (9,251 ) (9,256 ) Valuation Allowance Beginning balance (351 ) (23 ) (Increase) Decrease during period 32 (328 ) Ending balance (319 ) (351 ) $ (3,125 ) $ (4,516 ) The following table reconciles the total amounts of unrecognized tax benefits: In Thousands 2023 2022 2021 Balance at beginning of year $ 20 $ 61 $ 61 Increases related to prior year tax positions - - - Decreases related to prior year tax positions - - - Increases related to current year tax positions - - - Settlements - - - Closure of tax years (20 ) (41 ) - Balance at end of year $ -- $ 20 $ 61 The total amount of unrecognized tax benefits, net of federal income tax benefits, of zero 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, 2023
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 2023 2022 2021 Sporting Goods Net sales $ 263,566 $ 313,757 $ 313,612 Operating income 17,496 25,925 31,534 Interest expense 5,349 3,780 1,510 Provision for taxes 3,411 6,106 8,295 Net income 8,767 16,117 21,892 Identifiable assets 246,875 286,417 241,547 Depreciation & amortization 5,671 6,063 4,835 Capital expenditures 2,085 2,111 9,696 All Other Net sales -- -- -- Operating income 315 390 362 Interest expense (income) -- -- -- Benefit for taxes (747 ) (1,481 ) (2,151 ) Net income 1,062 1,872 2,513 Identifiable assets 6,130 12,301 10,251 Depreciation & amortization -- -- -- Capital expenditures -- -- -- Total Net sales 263,566 313,757 313,612 Operating income 17,811 26,315 31,896 Interest expense 5,349 3,780 1,510 Provision for taxes 2,664 4,625 6,144 Net income 9,829 17,989 24,405 Identifiable assets 253,005 298,718 251,798 Depreciation & amortization 5,671 6,063 4,835 Capital expenditures 2,085 2,111 9,696 There were no changes to the composition of segments in 2023. 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 segment. The Company had net assets of $5.3 million and $14.8 million located in Mexico as of December 31, 2023 and December 31, 2022, respectively. During 2023, 2022 and 2021, the Company had one As of December 31, 2023 and December 31, 2022, the Company had approximately 29% and 28%, respectively, of its total accounts receivable with one customer. As of December 31, 2023, approximately 29 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 2023 2022 2021 North America $ 257,228 $ 307,318 $ 309,211 Europe 2,856 3,036 2,153 Other 3,482 3,403 2,248 $ 263,566 $ 313,757 $ 313,612

Note 12 - Acquisitions

Note 12 - Acquisitions	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Business Combination Disclosure [Text Block]	Note 12 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

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 13 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, 2023, the Company had future estimated minimum non-cancelable royalty and license payments as follows: In Thousands Amount 2024 $ 1,106 2025 1,511 2026 601 2027 620 2028 641 Thereafter 664 $ 5,143

Note 14 - Fair Values of Financ

Note 14 - Fair Values of Financial Instruments	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 14 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 borrowings under our senior secured revolving credit facility, due to variable rate interest, adequately reflects the fair value of these instruments. The carrying value of our Term loan at December 31, 2023 was $32.7 million. The estimated fair value of the Term loan was approximately $29.4 million at December 31, 2023, which value was estimated using treasury rates for a similar instrument and is classified as Level 2 within the fair value hierarchy. The carrying value of our Term loan at December 31, 2022 was $39.9 million. The estimated fair value of the Term loan was approximately $34.7 million at December 31, 2022, which value was estimated using treasury rates for a similar instrument and is classified as Level 2 within the fair value hierarchy. The following table presents estimated fair values of the Company’s financial instruments in accordance with FASB ASC 825 at December 31, 2023 and December 31, 2022. Fair Value Measurements Using 2023 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 $ 16 $ 16 $ -- $ -- Financial liabilities Notes Payable and Long-term debt $ 47,597 $ -- $ 47,597 $ -- 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 Notes Payable and Long-term debt $ 89,744 $ -- $ 89,744 $ --

Note 15 - Revenue from Contract

Note 15 - Revenue from Contracts with Customers	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	Note 15 Revenue from Contracts with Customers Revenue Recognition The Company enters into contractual arrangements with customers in the form of customer orders that specify goods, quantity, pricing, and associated order terms. The Company does not have long-term contracts that are satisfied over time. Due to the nature of the contracts, no significant judgment exists in relation to the identification of the customer contract, satisfaction of the performance obligations, or transaction price. The Company expenses incremental costs of obtaining a contract due to the short-term nature of the contracts. Gross-to-net sales adjustments Returns Warranties Customer Allowances Disaggregation of Revenue Years Ended All Amounts in Thousands December 31, 2023 December 31, 2022 December 25, 2021 Gross Sales by Channel: Mass Merchants $ 88,991 $ 104,097 $ 115,949 Specialty Dealers 85,713 98,954 96,166 E-commerce 101,964 119,401 119,550 International 12,011 16,183 11,337 Other 3,975 4,490 3,240 Total Gross Sales 292,654 343,125 346,242 Less: Gross-to-Net Sales Adjustments Returns 8,426 5,256 8,304 Warranties 528 2,472 2,488 Customer Allowances 20,134 21,640 21,838 Total Gross-to-Net Sales Adjustments 29,088 29,368 32,630 Total Net Sales 263,566 $ 313,757 $ 313,612

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
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.
Reclassification, Comparability Adjustment [Policy Text Block]	Correction of Immaterial Errors During the year ended December 31, 2023, management became aware of an error in reporting of common stock value within the consolidated balance sheet and statement of stockholders’ equity. Common stock previously was reported with a $1.00 stated value even though, per the Company’s Articles of Incorporation, the common stock has no par value. Additionally, components of equity that should have been reflected within common stock were improperly reported within retained earnings. We have reviewed historical activity reflected in common stock and retained earnings and have identified adjustments to be made to correct the immaterial reporting error. The consolidated balance sheet and consolidated statement of stockholders’ equity have been corrected and have been updated for prior years within this Form 10-K. We assessed the materiality of this error on prior periods' financial statements in accordance with the Securities and Exchange Commission Staff Accounting Bulletin No. 99, Materiality Presentation of Financial Statements The impact of this revision on our consolidated balance sheet and consolidated statement of stockholders’ equity as of December 31, 2022 was as follows: Year Ended December 31, 2022 As Previously Reported Correction As Corrected In Thousands Common Stock $ 13,594 $ (11,569 ) $ 2,025 Retained Earnings 144,881 11,569 156,450 Total Stockholders’ Equity $ 158,475 -- $ 158,475
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. 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 was effective beginning with Escalade’s 2023 fiscal calendar, which began on January 1, 2023. Consistent with SEC guidance, no transition report was required in connection with the change in Escalade’s fiscal year end.
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, 2023, the Company reclassed $3.4 million of book overdrafts to accrued liabilities. As of December 31, 2022, the Company reclassed $6.9 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 credit losses 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 $891 thousand and $1,568 thousand at fiscal year-end 2023 and 2022, respectively. Inventories, net of the valuation reserve, at fiscal year-ends were as follows: In Thousands 2023 2022 Raw materials $ 4,050 $ 7,789 Work in process 2,308 3,478 Finished goods 86,104 110,603 $ 92,462 $ 121,870
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 2023 2022 Land $ 1,306 $ 1,306 Buildings and leasehold improvements 28,207 27,406 Machinery and equipment 29,194 27,497 Total cost 58,707 56,209 Accumulated depreciation and amortization (34,921 ) (31,458 ) $ 23,786 $ 24,751 Depreciation expenses relating to property, plant and equipment for the years ended December 31, 2023 and 2022 were $3,191 thousand and $3,504 thousand, respectively. 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 asset impairment was recognized during the years ended 2023, 2022, or 2021. 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
Debt, Policy [Policy Text Block]	Debt Issuance Costs Costs incurred with the issuance of the Company’s senior revolving credit facility have been deferred and amortized over the term of the facility as a component of interest expense using the straight-line method. These deferred costs are included in other assets in the consolidated balance sheets.
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 2023, 2022, and 2021.
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.
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 2023, 2022 and 2021 were approximately $3.1 million, $2.7 million, and $2.0 million, respectively.
Selling, General and Administrative Expenses, Policy [Policy Text Block]	Selling, General and Administrative Expense Selling, general and administrative expenses include personnel-related costs, including stock-based compensation, selling, advertising, and other general operating expenses. Advertising costs are expensed in the period incurred. Total advertising expenses incurred during 2023, 2022 and 2021 were approximately $6.9 million, $7.8 million, and $7.5 million, respectively.
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.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements and Changes in Accounting Principles Standards Adopted: In June 2016, the FASB issued ASU 2016-13, Financial Instruments Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The Company adopted this standard on January 1, 2023. The adoption of this standard did not have a material impact on the financial statements of the Company. New Accounting Standards to be Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures.

Note 1 - Nature of Operations_2

Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	Year Ended December 31, 2022 As Previously Reported Correction As Corrected In Thousands Common Stock $ 13,594 $ (11,569 ) $ 2,025 Retained Earnings 144,881 11,569 156,450 Total Stockholders’ Equity $ 158,475 -- $ 158,475 Year Ended December 25, 2021 As Previously Reported Correction As Corrected In Thousands Common Stock $ 13,493 $ (13,493 ) $ -- Retained Earnings 133,122 13,493 146,615 Total Stockholders’ Equity $ 146,615 -- $ 146,615
Schedule of Inventory, Current [Table Text Block]	In Thousands 2023 2022 Raw materials $ 4,050 $ 7,789 Work in process 2,308 3,478 Finished goods 86,104 110,603 $ 92,462 $ 121,870
Property, Plant and Equipment [Table Text Block]	In Thousands 2023 2022 Land $ 1,306 $ 1,306 Buildings and leasehold improvements 28,207 27,406 Machinery and equipment 29,194 27,497 Total cost 58,707 56,209 Accumulated depreciation and amortization (34,921 ) (31,458 ) $ 23,786 $ 24,751

Note 2 - Certain Significant _2

Note 2 - Certain Significant Estimates (Tables)	12 Months Ended
	Dec. 31, 2023
Reserve For Customer Allowances [Member]
Notes Tables
Valuation and Qualifying Accounts [Table Text Block]	In Thousands 2023 2022 2021 Beginning balance $ 1,641 $ 2,340 $ 2,296 Additions 10,792 11,627 12,930 Deductions (10,762 ) (12,326 ) (12,886 ) Ending balance $ 1,671 $ 1,641 $ 2,340
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Notes Tables
Valuation and Qualifying Accounts [Table Text Block]	In Thousands 2023 2022 2021 Beginning balance $ 492 $ 457 $ 896 Additions (Reductions) 566 108 (408 ) Deductions (406 ) (73 ) (31 ) Ending balance $ 652 $ 492 $ 457
SEC Schedule, 12-09, Reserve, Inventory [Member]
Notes Tables
Valuation and Qualifying Accounts [Table Text Block]	In Thousands 2023 2022 2021 Beginning balance $ 1,568 $ 748 $ 697 Additions 725 1,083 446 Deductions (1,402 ) (263 ) (395 ) Ending balance $ 891 $ 1,568 $ 748
SEC Schedule, 12-09, Reserve, Warranty [Member]
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	In Thousands 2023 2022 2021 Beginning balance $ 1,013 $ 1,119 $ 962 Additions 528 2,472 2,487 Deductions (951 ) (2,578 ) (2,330 ) Ending balance $ 590 $ 1,013 $ 1,119

Note 3 - Accrued Liabilities (T

Note 3 - Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	In Thousands 2023 2022 Employee compensation $ 2,653 $ 3,647 Customer co-op and volume allowances 1,671 1,641 Customer return accruals and other allowances 3,654 4,225 Other accrued items 7,305 11,807 $ 15,283 $ 21,320

Note 4 - Leases (Tables)

Note 4 - Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Lease, Cost [Table Text Block]	All Amounts in Thousands Twelve Months Ended December 31, 2023 Twelve Months Ended December 31, 2022 Lease Expense Operating Lease Cost $ 1,522 $ 1,481 Short-term Lease Cost 1,998 2,587 Variable Lease Cost 464 502 Total Operating Lease Cost $ 3,984 $ 4,570 Operating Lease – Operating Cash Flows $ 1,020 $ 860 New ROU Assets – Operating Leases (non-cash) $ 325 $ 8,084 Period Ended December 31, 2023 Period Ended December 31, 2022 Weighted Average Remaining Lease Term – Operating Leases (years) 8.09 8.98 Weighted Average Discount Rate – Operating Leases 5.20 % 5.06 %
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	All Amounts in Thousands 2024 $ 1,480 2025 1,445 2026 1,401 2027 1,314 2028 1,074 Thereafter 4,257 Total future minimum lease payments 10,971 Less imputed interest (2,033 ) Total $ 8,938 Reported as of December 31, 2023 Current operating lease liabilities 1,041 Long-term operating lease liabilities 7,897 Total $ 8,938

Note 5 - Acquired Intangible _2

Note 5 - Acquired Intangible Assets and Goodwill (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	2023 2022 In Thousands Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Patents 24,715 24,410 24,715 24,270 Non-compete agreements 2,749 2,749 2,749 2,749 Customer list 22,017 11,466 22,017 9,783 Trademarks 18,636 1,339 18,636 802 Developed technology 475 475 475 396 License agreements 700 213 700 172 69,292 40,652 69,292 38,172
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	All Amounts in Thousands 2024 $ 2,356 2025 2,307 2026 2,259 2027 2,172 2028 1,523 Thereafter 10,239 Subtotal 20,856 Indefinite-lived intangible asset balance 7,784 Total $ 28,640
Schedule of Goodwill [Table Text Block]	In Thousands Sporting Goods Balance at December 25, 2021 $ 32,695 Acquisition 9,631 Balance at December 31, 2022 $ 42,326 Acquisition -- Balance at December 31, 2023 $ 42,326

Note 6 - Borrowings (Tables)

Note 6 - Borrowings (Tables)	12 Months Ended
	Dec. 31, 2023
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 3.50 to 1.0 1.25% 3.00% 3.00% 0.50% Category 2 Greater than or equal to 3.00 to 1.0 but less than 3.50 to 1.0 0.75% 2.50% 2.50% 0.35% Category 3 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 4 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 5 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 2023 2022 Senior secured revolving credit facility of $85.0 million with a maturity of January 21, 2027. The interest rate at December 31, 2023 was 8.54% and 6.92% at December 31, 2022. $ 18,158 $ 55,000 Term loan of $50.0 million with a maturity date of January 21, 2027. The interest rate at December 31, 2023 and December 31, 2022, was 2.97%. 32,738 39,881 50,896 94,881 Current portion of long-term debt (7,143 ) (7,143 ) $ 43,753 $ 87,738

Note 7 - Earnings Per Share (Ta

Note 7 - Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Weighted Average Number of Shares [Table Text Block]	In Thousands 2023 2022 2021 Weighted average common shares outstanding 13,714 13,572 13,747 Dilutive effect of stock options and restricted stock units 190 117 119 Weighted average common shares outstanding, assuming dilution 13,904 13,689 13,866 Number of anti-dilutive stock options and unvested restricted stock units -- -- --

Note 9 - Stock Compensation P_2

Note 9 - Stock Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2023
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 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 Granted 166,763 12.68 Vested (107,031 ) 13.97 Forfeited (6,635 ) 13.31 Non-vested stock units as of December 31, 2023 305,126 $ 13.58

Note 10 - Provision for Taxes (

Note 10 - Provision for Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	In Thousands 2023 2022 2021 Income before taxes: $ 12,493 $ 22,614 $ 30,549 Provision (benefit) for taxes: Current Federal $ 3,472 $ 4,149 $ 4,819 State 583 720 758 4,055 4,869 5,577 Deferred Federal (1,230 ) (502 ) 408 State (161 ) 258 159 (1,391 ) (244 ) 567 $ 2,664 $ 4,625 $ 6,144
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	In Thousands 2023 2022 2021 Income tax at statutory rate $ 2,623 $ 4,749 $ 6,415 Increase (decrease) in income tax resulting from State tax expense, net of federal effect 333 773 724 Federal true-ups (53 ) (49 ) (38 ) Federal tax credits (405 ) (413 ) (251 ) Captive insurance earnings (112 ) (478 ) (456 ) Incentive stock options 33 (18 ) (214 ) Other 245 61 (36 ) Recorded provision for income taxes $ 2,664 $ 4,625 $ 6,144
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	In Thousands 2023 2022 Assets Valuation reserves $ 1,088 $ 1,167 Stock based compensation 295 389 Federal and state credits 840 674 Lease obligation 2,090 2,252 Other 28 4 Capitalized research costs 2,104 605 Total assets 6,445 5,091 Liabilities Property and equipment (1,206 ) (1,502 ) Goodwill and intangible assets (5,732 ) (5,347 ) Lease – right of use asset (1,959 ) (2,127 ) Prepaid insurance (354 ) (280 ) Total liabilities (9,251 ) (9,256 ) Valuation Allowance Beginning balance (351 ) (23 ) (Increase) Decrease during period 32 (328 ) Ending balance (319 ) (351 ) $ (3,125 ) $ (4,516 )
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	In Thousands 2023 2022 2021 Balance at beginning of year $ 20 $ 61 $ 61 Increases related to prior year tax positions - - - Decreases related to prior year tax positions - - - Increases related to current year tax positions - - - Settlements - - - Closure of tax years (20 ) (41 ) - Balance at end of year $ -- $ 20 $ 61

Note 11 - Operating Segment a_2

Note 11 - Operating Segment and Geographic Information (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	In Thousands 2023 2022 2021 Sporting Goods Net sales $ 263,566 $ 313,757 $ 313,612 Operating income 17,496 25,925 31,534 Interest expense 5,349 3,780 1,510 Provision for taxes 3,411 6,106 8,295 Net income 8,767 16,117 21,892 Identifiable assets 246,875 286,417 241,547 Depreciation & amortization 5,671 6,063 4,835 Capital expenditures 2,085 2,111 9,696 All Other Net sales -- -- -- Operating income 315 390 362 Interest expense (income) -- -- -- Benefit for taxes (747 ) (1,481 ) (2,151 ) Net income 1,062 1,872 2,513 Identifiable assets 6,130 12,301 10,251 Depreciation & amortization -- -- -- Capital expenditures -- -- -- Total Net sales 263,566 313,757 313,612 Operating income 17,811 26,315 31,896 Interest expense 5,349 3,780 1,510 Provision for taxes 2,664 4,625 6,144 Net income 9,829 17,989 24,405 Identifiable assets 253,005 298,718 251,798 Depreciation & amortization 5,671 6,063 4,835 Capital expenditures 2,085 2,111 9,696
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	In Thousands 2023 2022 2021 North America $ 257,228 $ 307,318 $ 309,211 Europe 2,856 3,036 2,153 Other 3,482 3,403 2,248 $ 263,566 $ 313,757 $ 313,612

Note 12 - Acquisitions (Tables)

Note 12 - Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2023
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

Note 13 - Commitments and Con_2

Note 13 - Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Minimum Payments Under Non-cancelable Royalty and License [Table Text Block]	In Thousands Amount 2024 $ 1,106 2025 1,511 2026 601 2027 620 2028 641 Thereafter 664 $ 5,143

Note 14 - Fair Values of Fina_2

Note 14 - Fair Values of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements Using 2023 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 $ 16 $ 16 $ -- $ -- Financial liabilities Notes Payable and Long-term debt $ 47,597 $ -- $ 47,597 $ -- 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 Notes Payable and Long-term debt $ 89,744 $ -- $ 89,744 $ --

Note 15 - Revenue from Contra_2

Note 15 - Revenue from Contracts with Customers (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	Years Ended All Amounts in Thousands December 31, 2023 December 31, 2022 December 25, 2021 Gross Sales by Channel: Mass Merchants $ 88,991 $ 104,097 $ 115,949 Specialty Dealers 85,713 98,954 96,166 E-commerce 101,964 119,401 119,550 International 12,011 16,183 11,337 Other 3,975 4,490 3,240 Total Gross Sales 292,654 343,125 346,242 Less: Gross-to-Net Sales Adjustments Returns 8,426 5,256 8,304 Warranties 528 2,472 2,488 Customer Allowances 20,134 21,640 21,838 Total Gross-to-Net Sales Adjustments 29,088 29,368 32,630 Total Net Sales 263,566 $ 313,757 $ 313,612

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, 2023	Dec. 31, 2022	Dec. 25, 2021
Inventory Valuation Reserves	$ 891	$ 1,568
Depreciation	3,191	3,504
Research and Development Expense	3,100	2,700	$ 2,000
Advertising Expense	6,900	$ 7,800	$ 7,500
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	$ 3,400	$ 6,900

Note 1 - Nature of Operations_4

Note 1 - Nature of Operations and Summary of Significant Accounting Policies - Schedule of Error Corrections (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 25, 2021	Dec. 26, 2020
Common stock, Authorized: 30,000,000 shares, no par value, Issued and outstanding: 2023 —13,736,800 shares, 2022 —13,594,407 shares	$ 4,480	$ 2,025
Retained earnings	160,099	156,450	$ 146,615
Total Stockholders’ Equity	$ 164,579	158,475	146,615	$ 139,156
Previously Reported [Member]
Common stock, Authorized: 30,000,000 shares, no par value, Issued and outstanding: 2023 —13,736,800 shares, 2022 —13,594,407 shares		13,594	13,493
Retained earnings		144,881	133,122
Total Stockholders’ Equity		158,475	146,615
Revision of Prior Period, Error Correction, Adjustment [Member]
Common stock, Authorized: 30,000,000 shares, no par value, Issued and outstanding: 2023 —13,736,800 shares, 2022 —13,594,407 shares		(11,569)	(13,493)
Retained earnings		$ 11,569	$ 13,493

Note 1 - Nature of Operations_5

Note 1 - Nature of Operations and Summary of Significant Accounting Policies - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Raw materials	$ 4,050	$ 7,789
Work in process	2,308	3,478
Finished goods	86,104	110,603
Inventory, Net	$ 92,462	$ 121,870

Note 1 - Nature of Operations_6

Note 1 - Nature of Operations and Summary of Significant Accounting Policies - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Land	$ 1,306	$ 1,306
Buildings and leasehold improvements	28,207	27,406
Machinery and equipment	29,194	27,497
Total cost	58,707	56,209
Accumulated depreciation and amortization	(34,921)	(31,458)
Property, Plant and Equipment, Net	$ 23,786	$ 24,751

Note 2 - Certain Significant _3

Note 2 - Certain Significant Estimates (Details Textual)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Extended Warranty One [Member]
Extended Product Warranty Term	3 years
Extended Warranties Two [Member]
Extended Product Warranty Term	5 years
Extended Warranty Three [Member]
Extended Product Warranty Term	7 years
Extended Warranty Four [Member]
Extended Product Warranty Term	10 years
Extended Warranty Five [Member]
Extended Product Warranty Term	15 years
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, 2023	Dec. 31, 2022	Dec. 25, 2021
Beginning balance	$ 1,013	$ 1,119	$ 962
Additions	528	2,472	2,487
Deductions	(951)	(2,578)	(2,330)
Ending balance	$ 590	$ 1,013	$ 1,119

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, 2023	Dec. 31, 2022	Dec. 25, 2021
Beginning balance	$ 1,568	$ 748	$ 697
Additions	725	1,083	446
Deductions	(1,402)	(263)	(395)
Ending balance	$ 891	$ 1,568	$ 748

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, 2023	Dec. 31, 2022	Dec. 25, 2021
Beginning balance	$ 492	$ 457	$ 896
Additions	566	108	(408)
Deductions	(406)	(73)	(31)
Ending balance	$ 652	$ 492	$ 457

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, 2023	Dec. 31, 2022	Dec. 25, 2021
Beginning balance	$ 1,641	$ 2,340	$ 2,296
Additions	10,792	11,627	12,930
Deductions	(10,762)	(12,326)	(12,886)
Ending balance	$ 1,671	$ 1,641	$ 2,340

Note 3 - Accrued Liabilities -

Note 3 - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Employee compensation	$ 2,653	$ 3,647
Customer co-op and volume allowances	1,671	1,641
Customer return accruals and other allowances	3,654	4,225
Other accrued items	7,305	11,807
Accrued Liabilities, Current	$ 15,283	$ 21,320

Note 4 - Leases (Details Textua

Note 4 - Leases (Details Textual)	Dec. 31, 2023
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term	1 year
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term	8 years

Note 4 - Leases - Lease Cost (D

Note 4 - Leases - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Weighted Average Remaining Lease Term – Operating Leases (in years) (Year)	8 years 1 month 2 days	8 years 11 months 23 days
Operating Lease Cost	$ 1,522	$ 1,481
Weighted Average Discount Rate – Operating Leases	5.20%	5.06%
Short-term Lease Cost	$ 1,998	$ 2,587
Variable Lease Cost	464	502
Total Operating Lease Cost	3,984	4,570
Operating Lease – Operating Cash Flows	1,020	860
New ROU Assets – Operating Leases (non-cash)	$ 325	$ 8,084

Note 4 - Leases - Future Minimu

Note 4 - Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Year 1	$ 1,480
Year 2	1,445
Year 3	1,401
Year 4	1,314
Year 5	1,074
Thereafter	4,257
Total future minimum lease payments	10,971
Less imputed interest	(2,033)
Total	8,938
Current operating lease liabilities	1,041	$ 993
Long-term operating lease liabilities	7,897	$ 8,641
Total	$ 8,938

Note 5 - Acquired Intangible _3

Note 5 - Acquired Intangible Assets and Goodwill (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 25, 2021
Amortization of Intangible Assets	$ 2,480	$ 2,559	$ 1,867
Indefinite-Lived Intangible Assets (Excluding Goodwill)	7,784
Trademarks 1 [Member]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 7,800

Note 5 - Acquired Intangible _4

Note 5 - Acquired Intangible Assets and Goodwill - Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Gross Carrying Amount	$ 69,292	$ 69,292
Accumulated Amortization	40,652	38,172
Patents [Member]
Gross Carrying Amount	24,715	24,715
Accumulated Amortization	24,410	24,270
Noncompete Agreements [Member]
Gross Carrying Amount	2,749	2,749
Accumulated Amortization	2,749	2,749
Customer Lists [Member]
Gross Carrying Amount	22,017	22,017
Accumulated Amortization	11,466	9,783
Trademarks [Member]
Gross Carrying Amount	18,636	18,636
Accumulated Amortization	1,339	802
Developed Technology Rights [Member]
Gross Carrying Amount	475	475
Accumulated Amortization	475	396
Licensing Agreements [Member]
Gross Carrying Amount	700	700
Accumulated Amortization	$ 213	$ 172

Note 5 - Acquired Intangible _5

Note 5 - Acquired Intangible Assets and Goodwill - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
2024	$ 2,356
2025	2,307
2026	2,259
2027	2,172
2028	1,523
Thereafter	10,239
Finite-Lived Intangible Assets, Net, Ending Balance	20,856
Indefinite-Lived Intangible Assets (Excluding Goodwill)	7,784
Intangible Assets, Net (Excluding Goodwill), Total	$ 28,640	$ 31,120

Note 5 - Acquired Intangible _6

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

Note 6 - Borrowings (Details Te

Note 6 - Borrowings (Details Textual) $ in Thousands			3 Months Ended			12 Months Ended
	Oct. 26, 2022 USD ($)	Dec. 14, 2020 USD ($)	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Mar. 31, 2024	Sep. 01, 2023 USD ($)	May 08, 2023 USD ($)	Jul. 18, 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							$ 85,000	$ 75,000	$ 75,000	$ 65,000		75,000	$ 50,000
Debt to EBITDA Ratio			2.75	3	4.25
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
Debt Instrument, Covenant, Fixed Charge Coverage Ratio			1.1			1.1
Debt Instrument, Covenant, Minimum EBITDA						$ 22,500
Restated Credit Agreement [Member] | Revolving Credit Facility [Member] | Forecast [Member]
Debt Instrument, Covenant, Fixed Charge Coverage Ratio								1.25
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, 2023
Funded Debt to Adjusted Ratio Greater Than or Equal to 3.50 to 1.0 [Member]
Revolving Commitment ABR Spread	1.25%
Revolving Commitment Term Benchmark Spread	3%
Letter of Credit Fee	3%
Commitment Fee Rate	0.50%
Funded Debt to Adjusted Ration Greater Than or Equal to 2.50 to 1.0 but less than 3.00 to 1.0 [Member]
Revolving Commitment ABR Spread	0.75%
Revolving Commitment Term Benchmark Spread	2.50%
Letter of Credit Fee	2.50%
Commitment Fee Rate	0.35%
Funded Debt to Adjusted Ration Greater than or Equal to 2.50 to 1.0 but less than 2.50 to 1.0 [Member]
Revolving Commitment ABR Spread	0.25%
Revolving Commitment Term Benchmark Spread	2%
Letter of Credit Fee	2%
Commitment Fee Rate	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 Commitment ABR Spread	(0.00%)
Revolving Commitment Term Benchmark Spread	1.75%
Letter of Credit Fee	1.75%
Commitment Fee Rate	0.25%
Information related to Funded Debt to Adjusted Ratio Less than 1.50 to 1.0 [Member]
Revolving Commitment ABR Spread	(0.25%)
Revolving Commitment Term Benchmark Spread	1.50%
Letter of Credit Fee	1.50%
Commitment Fee Rate	0.20%

Note 6 - Borrowings - Long-term

Note 6 - Borrowings - Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Long-Term Debt	$ 50,896	$ 94,881
Current portion of long-term debt	(7,143)	(7,143)
Long-Term Debt, Excluding Current Maturities	43,753	87,738
Senior Secured Debt [Member] | Revolving Credit Facility [Member]
Long term debt, gross	18,158	55,000
Term Loan [Member]
Long term debt, gross	$ 32,738	$ 39,900

Note 6 - Borrowings - Long-te_2

Note 6 - Borrowings - Long-term Debt (Details) (Parentheticals) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 25, 2021	Jul. 07, 2021
Term Loan [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.97%	2.97%
Debt Instrument, Face Amount			$ 50	$ 50
Revolving Credit Facility [Member] | Senior Secured Debt [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 85
Debt Instrument, Interest Rate, Stated Percentage	8.54%	6.92%

Note 7 - Earnings Per Share - E

Note 7 - Earnings Per Share - Earnings Per Share (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 25, 2021
Weighted average common shares outstanding (in shares)	13,714	13,572	13,747
Dilutive effect of stock options and restricted stock units (in shares)	190	117	119
Weighted average common shares outstanding, assuming dilution (in shares)	13,904	13,689	13,866

Note 8 - Employee Benefit Pla_2

Note 8 - Employee Benefit Plans (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 25, 2021
Profit Sharing Salary Reduction Plan [Member]
Other Labor-related Expenses	$ 1,094	$ 1,179	$ 1,041

Note 9 - Stock Compensation P_3

Note 9 - Stock Compensation Plans (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 25, 2021	May 31, 2017
Shares Issued, Value, Share-Based Payment Arrangement, before Forfeiture	$ 52	$ 51	$ 135
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	166,763	216,254
Share-Based Payment Arrangement, Expense	$ 2,008	$ 1,974	$ 902
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 1,433	$ 1,415
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	1 year 3 months 29 days
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 (in shares)	145,563
Director [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	21,200
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 (in shares)	30,921
Shares Issued, Value, Share-Based Payment Arrangement, before Forfeiture	$ 395
Incentive Plan 2017 [Member] | Director [Member]
Shares Issued, Shares, Share-Based Payment Arrangement, before Forfeiture (in shares)	4,441

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, 2023	Dec. 31, 2022
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
Granted (in shares)	166,763	216,254
Granted, weighted average grant date fair value (in dollars per share)	$ 12.68	$ 14.15
Vested (in shares)	(107,031)	(97,189)
Vested, weighted average grant date fair value (in dollars per share)	$ 13.97	$ 12.16
Forfeited (in shares)	(6,635)	(21,156)
Forfeited, weighted average grant date fair value (in dollars per share)	$ 13.31	$ 14.1
Non-vested stock units (in shares)	305,126	252,029
Non-vested stock units, weighted average grant date fair value (in dollars per share)	$ 13.58	$ 14.33

Note 10 - Provision for Taxes_2

Note 10 - Provision for Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Taxes Payable	$ 387	$ 387
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	0	16
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	0
Foreign Tax Authority [Member]
Tax Credit Carryforward, Amount	521
Domestic Tax Authority [Member]
Increase (Decrease) in Income Taxes Payable	150
Increase (Decrease) in Income Taxes Payable		158
State and Local Jurisdiction [Member]
Increase (Decrease) in Income Taxes Payable	62
Increase (Decrease) in Income Taxes Payable, Net of Income Taxes Receivable		$ 87
Research Tax Credit Carryforward [Member]
Tax Credit Carryforward, Amount	319
Tax Credit Carryforward, Valuation Allowance	319
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, 2023	Dec. 31, 2022	Dec. 25, 2021
Income before taxes:	$ 12,493	$ 22,614	$ 30,549
Federal	3,472	4,149	4,819
State	583	720	758
Current Income Tax Expense (Benefit)	4,055	4,869	5,577
Federal	(1,230)	(502)	408
State	(161)	258	159
Deferred Income Tax Expense (Benefit)	(1,391)	(244)	567
Income Tax Expense (Benefit)	$ 2,664	$ 4,625	$ 6,144

Note 10 - Provision for Taxes_3

Note 10 - Provision for Taxes - Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 25, 2021
Income tax at statutory rate	$ 2,623	$ 4,749	$ 6,415
Increase (decrease) in income tax resulting from
State tax expense, net of federal effect	333	773	724
Federal true-ups	(53)	(49)	(38)
Federal tax credits	(405)	(413)	(251)
Captive insurance earnings	(112)	(478)	(456)
Incentive stock options	33	(18)	(214)
Other	245	61	(36)
Income Tax Expense (Benefit)	$ 2,664	$ 4,625	$ 6,144

Note 10 - Provision for Taxes_4

Note 10 - Provision for Taxes - Net Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Valuation reserves	$ 1,088	$ 1,167
Stock based compensation	295	389
Federal and state credits	840	674
Lease obligation	2,090	2,252
Other	28	4
Capitalized research costs	2,104	605
Total assets	6,445	5,091
Property and equipment	(1,206)	(1,502)
Goodwill and intangible assets	(5,732)	(5,347)
Lease – right of use asset	(1,959)	(2,127)
Prepaid insurance	(354)	(280)
Total liabilities	(9,251)	(9,256)
Beginning balance	(351)	(23)
(Increase) Decrease during period	32	(328)
Ending balance	(319)	(351)
Deferred Tax Liabilities, Net	$ (3,125)	$ (4,516)

Note 10 - Provision for Taxes_5

Note 10 - Provision for Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 25, 2021
Balance at beginning of year	$ 20	$ 61	$ 61
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	0
Settlements	0	0	0
Closure of tax years	$ (20)	(41)	0
Balance at end of year		$ 20	$ 61

Note 11 - Operating Segment a_3

Note 11 - Operating Segment and Geographic Information (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 25, 2021 USD ($)
Assets	$ 253,005	$ 298,718	$ 251,798
Number of Major Customers	2	2	2
Number of Employees Covered Under Collective Bargaining Agreement	29
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer One [Member]
Concentration Risk, Percentage	20%	23%	21%
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer Two [Member]
Concentration Risk, Percentage	11%	12%	11%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer One [Member]
Concentration Risk, Percentage	29%	28%
MEXICO
Assets	$ 5,300	$ 14,800

Note 11 - Operating Segment a_4

Note 11 - Operating Segment and Geographic Information - Operating Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 25, 2021
Net revenue	$ 263,566	$ 313,757	$ 313,612
Operating income	17,811	26,315	31,896
Interest expense	(5,349)	(3,780)	(1,510)
Provision for taxes	2,664	4,625	6,144
Net income	9,829	17,989	24,405
Identifiable assets	253,005	298,718	251,798
Depreciation and amortization	5,671	6,063	4,835
Capital expenditures	2,085	2,111	9,696
Sporting Goods [Member]
Net revenue	263,566	313,757	313,612
Operating income	17,496	25,925	31,534
Interest expense	5,349	3,780	1,510
Provision for taxes	3,411	6,106	8,295
Net income	8,767	16,117	21,892
Identifiable assets	246,875	286,417	241,547
Depreciation and amortization	5,671	6,063	4,835
Capital expenditures	2,085	2,111	9,696
Other Segments [Member]
Operating income	315	390	362
Provision for taxes	(747)	(1,481)	(2,151)
Net income	1,062	1,872	2,513
Identifiable assets	$ 6,130	$ 12,301	$ 10,251

Note 11 - Operating Segment a_5

Note 11 - Operating Segment and Geographic Information - Net Sales by Country (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 25, 2021
Net Sales	$ 263,566	$ 313,757	$ 313,612
North America [Member]
Net Sales	257,228	307,318	309,211
Europe [Member]
Net Sales	2,856	3,036	2,153
Other [Member]
Net Sales	$ 3,482	$ 3,403	$ 2,248

Note 12 - Acquisitions (Details

Note 12 - Acquisitions (Details Textual) - Life Fitness LLC [Member] - USD ($) $ in Thousands		12 Months Ended
	Jan. 21, 2022	Dec. 31, 2022
Business Combination, Consideration Transferred	$ 35,800
Business Combination, Acquisition Related Costs		$ 134

Note 13 - Acquisitions - Assets

Note 13 - Acquisitions - Assets Acquired and Liabilities Assumed (Details) - Brunswick Billiards Business of Life Fitness, Llc [Member] $ in Thousands	Jan. 21, 2022 USD ($)
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 Conti

Note 14 - Commitments and Contingencies - Estimated Minimum Non-cancelable Royalty and License Payment (Details) $ in Thousands	Dec. 31, 2023 USD ($)
2024	$ 1,106
2025	1,511
2026	601
2027	620
2028	641
Thereafter	664
Royalty and License Future Minimum Payments, Due	$ 5,143

Note 14 - Fair Values of Fina_3

Note 14 - Fair Values of Financial Instruments (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Long-Term Debt, Fair Value	$ 47,597	$ 89,744
Term Loan [Member]
Long term debt, gross	32,738	39,900
Long-Term Debt, Fair Value	$ 29,400	$ 34,700

Note 15 - Fair Values of Financ

Note 15 - Fair Values of Financial Instruments - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Cash and cash equivalents	$ 16	$ 3,967
Long-Term Debt, Fair Value	47,597	89,744
Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	16	3,967
Fair Value, Inputs, Level 2 [Member]
Long-Term Debt, Fair Value	$ 47,597	$ 89,744

Note 16 - Revenue from Contract

Note 16 - Revenue from Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 25, 2021
Gross Sales	$ 292,654	$ 343,125	$ 346,242
Returns	8,426	5,256	8,304
Warranties	528	2,472	2,488
Customer Allowances	20,134	21,640	21,838
Total Gross-to-Net Sales Adjustments	29,088	29,368	32,630
Total Net Sales	263,566	313,757	313,612
Mass Merchants [Member]
Gross Sales	88,991	104,097	115,949
Specialty Dealers [Member]
Gross Sales	85,713	98,954	96,166
E-commerce [Member]
Gross Sales	101,964	119,401	119,550
International [Member]
Gross Sales	12,011	16,183	11,337
Other Channels [Member]
Gross Sales	$ 3,975	$ 4,490	$ 3,240