Transcat (TRNS) 10-Q 2 Aug 23 2023 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Jun. 24, 2023	Jul. 28, 2023
Document Information [Line Items]
Entity Central Index Key	0000099302
Entity Registrant Name	TRANSCAT INC
Amendment Flag	false
Current Fiscal Year End Date	--03-25
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 24, 2023
Document Transition Report	false
Entity File Number	000-03905
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	16-0874418
Entity Address, Address Line One	35 Vantage Point Drive
Entity Address, City or Town	Rochester
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	14624
City Area Code	585
Local Phone Number	352-7777
Title of 12(b) Security	Common Stock, $0.50 par value
Trading Symbol	TRNS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		7,687,851

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Jun. 24, 2023	Jun. 25, 2022
Revenue	[1]	$ 60,598	$ 54,661
Cost of Service Revenue		41,888	38,623
Gross Profit		18,710	16,038
Selling, Marketing and Warehouse Expenses		6,469	5,820
General and Administrative Expenses		7,601	6,614
Total Operating Expenses		14,070	12,434
Operating Income		4,640	3,604
Interest and Other Expense, net		878	156
Income Before Income Taxes		3,762	3,448
Provision for Income Taxes		813	376
Net Income		$ 2,949	$ 3,072
Basic Earnings Per Share (in dollars per share)		$ 0.39	$ 0.41
Average Shares Outstanding (in shares)		7,622	7,535
Diluted Earnings Per Share (in dollars per share)		$ 0.38	$ 0.40
Average Shares Outstanding (in shares)		7,762	7,629
Service [Member]
Revenue		$ 39,853	$ 33,876
Cost of Service Revenue		26,882	23,041
Distribution Service [Member]
Revenue		20,745	20,785
Cost of Service Revenue		$ 15,006	$ 15,582
[1]Revenues are attributed to the countries based on the destination of a product shipment or the location where service is rendered.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 24, 2023	Jun. 25, 2022
Net Income	$ 2,949	$ 3,072
Other Comprehensive Income (Loss):
Currency Translation Adjustment	476	(440)
Other, net of tax effects of $2 and $(4) for the first quarter ended June 24, 2023 and June 25, 2022, respectively;	6	(13)
Total Other Comprehensive Income (Loss)	482	(453)
Comprehensive Income	$ 3,431	$ 2,619

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Jun. 24, 2023	Jun. 25, 2022
Other, tax effect	$ 2	$ (4)

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 24, 2023	Mar. 25, 2023
Current Assets:
Cash	$ 2,149	$ 1,531
Accounts Receivable, less allowance for doubtful accounts of $515 and $457 as of June 24, 2023 and March 25, 2023, respectively	42,356	44,698
Other Receivables	527	506
Inventory, net	15,177	16,929
Prepaid Expenses and Other Current Assets	3,393	3,935
Total Current Assets	63,602	67,599
Property and Equipment, net	30,186	29,064
Goodwill	77,051	69,360
Intangible Assets, net	15,144	13,799
Right To Use Assets, net	16,280	14,876
Other Assets	1,066	1,051
Total Assets	203,329	195,749
Current Liabilities:
Accounts Payable	11,564	15,869
Accrued Compensation and Other Current Liabilities	9,290	10,201
Income Taxes Payable	601	0
Current Portion of Long-Term Debt	2,270	2,248
Total Current Liabilities	23,725	28,318
Long-Term Debt	46,090	46,869
Deferred Tax Liabilities, net	7,184	6,538
Lease Liabilities	14,170	12,960
Other Liabilities	1,440	1,434
Total Liabilities	92,609	96,119
Shareholders' Equity:
Common Stock, par value $0.50 per share, 30,000,000 shares authorized; 7,643,099 and 7,562,604 shares issued and outstanding as of June 24, 2023 and March 25, 2023, respectively	3,822	3,781
Capital in Excess of Par Value	35,717	27,886
Accumulated Other Comprehensive Loss	(718)	(1,200)
Retained Earnings	71,899	69,163
Total Shareholders' Equity	110,720	99,630
Total Liabilities and Shareholders' Equity	$ 203,329	$ 195,749

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 24, 2023	Mar. 25, 2023
Accounts Receivable, allowance for doubtful accounts	$ 515	$ 457
Common stock, par value (in dollars per share)	$ 0.50	$ 0.50
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	7,643,099	7,562,604
Common stock, shares outstanding (in shares)	7,643,099	7,562,604

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 24, 2023	Jun. 25, 2022
Cash Flows from Operating Activities:
Net Income	$ 2,949	$ 3,072
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Net Loss on Disposal of Property and Equipment	8	10
Deferred Income Taxes	44	(23)
Depreciation and Amortization	2,790	2,641
Provision for Accounts Receivable and Inventory Reserves	138	88
Stock-Based Compensation Expense	930	828
Changes in Assets and Liabilities, net of acquisitions:
Accounts Receivable and Other Receivables	3,115	1,578
Inventory	1,950	(2,118)
Prepaid Expenses and Other Current Assets	531	432
Accounts Payable	(4,315)	(1,218)
Accrued Compensation and Other Current Liabilities	(1,203)	(3,247)
Income Taxes Payable	599	0
Net Cash Provided by Operating Activities	7,536	2,043
Cash Flows from Investing Activities:
Purchases of Property and Equipment	(2,767)	(2,399)
Proceeds from Sale of Property and Equipment	0	10
Business Acquisitions, net of cash acquired	(2,869)	(4,040)
Net Cash Used in Investing Activities	(5,636)	(6,429)
Cash Flows from Financing Activities:
(Repayments of) Proceeds from Revolving Credit Facility, net	(204)	3,816
Repayments of Term Loan	(553)	(490)
Issuance of Common Stock	199	221
Repurchase of Common Stock	(301)	(437)
Net Cash (Used in) Provided by Financing Activities	(859)	3,110
Effect of Exchange Rate Changes on Cash	(423)	323
Net Increase (Decrease) in Cash	618	(953)
Cash at Beginning of Period	1,531	1,396
Cash at End of Period	2,149	443
Supplemental Disclosure of Cash Flow Activity:
Interest	816	322
Income Taxes, net	107	117
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Common stock issued for acquisitions	6,831	145
Assets acquired and liabilities assumed in business combinations:
Accrued holdback consideration related to Alliance acquisition	$ 0	$ 518

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Mar. 26, 2022	7,529
Balance at Mar. 26, 2022	$ 3,765	$ 23,900	$ (233)	$ 58,744	$ 86,176
Issuance of Common Stock (in shares)	8
Issuance of Common Stock	$ 3	363	0	0	366
Repurchase of Common Stock (in shares)	(7)
Repurchase of Common Stock	$ (3)	(164)	0	(270)	(437)
Stock-Based Compensation (in shares)	16
Stock-Based Compensation	$ 8	820	0	0	828
Other Comprehensive Loss	0	0	(453)	0	(453)
Net Income	$ 0	0	0	3,072	3,072
Balance (in shares) at Jun. 25, 2022	7,546
Balance at Jun. 25, 2022	$ 3,773	24,919	(686)	61,546	89,552
Balance (in shares) at Mar. 25, 2023	7,562
Balance at Mar. 25, 2023	$ 3,781	27,886	(1,200)	69,163	99,630
Issuance of Common Stock (in shares)	82
Issuance of Common Stock	$ 42	6,988	0	0	7,030
Repurchase of Common Stock (in shares)	(3)
Repurchase of Common Stock	$ (2)	(86)	0	(213)	(301)
Stock-Based Compensation (in shares)	2
Stock-Based Compensation	$ 1	929	0	0	930
Other Comprehensive Loss	0	0	482	0	482
Net Income	$ 0	0	0	2,949	2,949
Balance (in shares) at Jun. 24, 2023	7,643
Balance at Jun. 24, 2023	$ 3,822	$ 35,717	$ (718)	$ 71,899	$ 110,720

Note 1 - General

Note 1 - General	3 Months Ended
	Jun. 24, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 1 GENERAL Description of Business: Basis of Presentation: 10 10 01 X not not March 25, 2023 2023 10 2023 Use of Estimates: not may Revenue Recognition: not Under Accounting Standards Codification (“ASC”) Topic 606, 30 90 Revenue recognized from prior period performance obligations for the first March 30, 2024 ( 2024 June 24, 2023 no one 606, June 24, 2023 March 25, 2023 4 Fair Value of Financial Instruments: three 1 2 3, no 1 June 24, 2023 March 25, 2023 Stock-Based Compensation: not first 2024 2023 Foreign Currency Translation and Transactions: Transcat records foreign currency gains and losses on business transactions denominated in foreign currency. The net foreign currency gain was $0.1 million in the first 2024 first 2023 not first 2024 2023 June 24, 2023 July 2023, not Earnings Per Share: For the first 2024 2023, First Quarter Ended June 24, June 25, 2023 2022 Average Shares Outstanding – Basic 7,622 7,535 Effect of Dilutive Common Stock Equivalents 140 94 Average Shares Outstanding – Diluted 7,762 7,629 Anti-dilutive Common Stock Equivalents 57 145 Goodwill and Intangible Assets: fourth not two Intangible assets, namely customer base and covenants not may not Goodwill Intangible Assets Distribution Service Total Distribution Service Total Net Book Value as of March 25, 2023 $ 11,458 $ 57,902 $ 69,360 $ 448 $ 13,351 $ 13,799 Additions - 7,438 7,438 - 2,435 2,435 Amortization - - - (37 ) (1,056 ) (1,093 ) Currency Translation Adjustment - 253 253 - 3 3 Net Book Value as of June 24, 2023 $ 11,458 $ 65,593 $ 77,051 $ 411 $ 14,733 $ 15,144 Recently Adopted Accounting Pronouncements: June 2016, 2016 13, 326 not December 15, 2022. 2016 13 March 26, 2023. not

Note 2 - Long-term Debt

Note 2 - Long-term Debt	3 Months Ended
	Jun. 24, 2023
Notes to Financial Statements
Long-Term Debt [Text Block]	NOTE 2 LONG-TERM DEBT On July 7, 2021, The Credit Agreement provides for a revolving credit commitment (the “Revolving Credit Commitment”) of $80.0 million through June 2026, 2018 "2018 The Credit Agreement allows the Company to use up to $50.0 million under the Revolving Credit Commitment for acquisitions in any single fiscal year. The Credit Agreement restricts the Company's ability to complete acquisitions of businesses with a principal place of business located in the United Kingdom or the European Union to an aggregate purchase price of $40.0 million during the term of the Credit Agreement, if the acquisition is financed directly or indirectly with the Revolving Credit Commitment. Under the Credit Agreement, the Company may As of June 24, 2023 first 2024 one As of June 24, 2023 2018 2018 December 2025. Interest and Other Costs: one first 2024 2018 July 1, 2023, Covenants: 1.00, 1.00. first 2024 June 24, 2023 March 25, 2023 Other Terms:

Note 3 - Stock-based Compensati

Note 3 - Stock-based Compensation	3 Months Ended
	Jun. 24, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	NOTE 3 STOCK-BASED COMPENSATION In September 2021, 2021 “2021 2021 2003 “2003 2021 2003 2003 not 2021 June 24, 2023 2021 The Company receives an excess tax benefit related to restricted stock vesting and stock options exercised and redeemed. The discrete tax benefits related to share-based compensation and stock option activity during the first 2024 2023 Restricted Stock Units: third Compensation cost ultimately recognized for performance-based restricted stock units will equal the grant date fair market value of the unit that coincides with the actual outcome of the performance conditions. On an interim basis, the Company records compensation cost based on the estimated level of achievement of the performance conditions. The expense relating to the time vested restricted stock units is recognized on a straight-line basis over the requisite service period for the entire award. The following table summarizes the non-vested restricted stock units outstanding as of June 24, 2023 Total Grant Date Estimated Number Fair Level of Date Measurement of Units Value Achievement at Granted Period Outstanding Per Unit June 24, 2023 October 2018 October 2018 – September 2027 6 $ 20.81 Time Vested July 2020 July 2020 – July 2023 26 $ 27.08 Time Vested September 2020 September 2020 – July 2023 4 $ 28.54 Time Vested September 2020 September 2020 – July 2023 5 $ 29.76 Time Vested September 2020 September 2020 – September 2023 3 $ 29.76 Time Vested June 2021 June 2021 – March 2024 10 $ 53.17 133% of target level June 2021 June 2021 – March 2024 11 $ 53.17 Time Vested September 2021 September 2021 – September 2024 4 $ 67.76 Time Vested January 2022 January 2022 – March 2024 1 $ 90.92 133% of target level January 2022 January 2022 – March 2024 1 $ 90.92 Time Vested January 2022 January 2022 – January 2025 1 $ 90.41 Time Vested March 2022 March 2022 – March 2025 1 $ 76.31 Time Vested May 2022 May 2022 – March 2025 11 $ 63.17 52% of target level May 2022 May 2022 – March 2025 12 $ 63.17 Time Vested August 2022 August 2022 – August 2025 1 $ 78.04 Time Vested September 2022 September 2022 – September 2023 5 $ 73.80 Time Vested December 2022 December 2022 – December 2025 1 $ 81.26 Time Vested December 2022 December 2022 – December 2025 1 $ 67.48 Time Vested May 2023 May 2023 – March 2026 10 $ 89.70 100% of target level May 2023 May 2023 – March 2026 11 $ 89.70 Time Vested May 2023 May 2023 – May 2026 19 $ 89.70 Time Vested Total expense relating to restricted stock units, based on grant date fair value and the achievement criteria, was $0.6 million and $0.4 million in the first 2024 2023 June 24, 2023 Stock Options: five five ten We calculate the fair value of the stock options granted using the Black-Scholes model. The following weighted-average assumptions were used to value options granted during the first 2024 2023 Three Months Ended June 24, June 25, 2023 2022 Risk-Free Interest Rate 3.43 % 2.32 % Volatility Factor 37.16 % 38.11 % Expected Term (in Years) 6.19 3.32 Annual Dividend Rate 0.00 % 0.00 % We calculate expected volatility for stock options by taking an average of historical volatility over the expected term. The computation of expected term was determined based on safe harbor rules, giving consideration to the contractual terms of the stock-based awards and vesting schedules. The interest rate for periods within the contractual life of the award is based on the U.S. Treasury yield in effect at the time of grant. We assume no expected dividends. Under FASB ASC Topic 718, During the first 2024 three five During the first 2023 three The expense related to all stock option awards was $0.3 million in the first 2024 first 2023 The following table summarizes the Company’s options as of and for the first June 24, 2023 Weighted Weighted Average Average Number Exercise Remaining Aggregate Of Price Per Contractual Intrinsic Options Option Term (in years) Value Outstanding as of March 25, 2023 217 $ 56.25 Granted 16 $ 83.59 Exercised (3 ) $ 24.30 Forfeited (2 ) $ 63.17 Outstanding as of June 24, 2023 228 $ 58.45 6 $ 6,579 Exercisable as of June 24, 2023 42 $ 49.59 6 $ 1,563 The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on the last trading day of the first 2024 June 24, 2023 Total unrecognized compensation cost related to non-vested stock options as of June 24, 2023 three first 2024 2023 first 2024 2023

Note 4 - Segment Information

Note 4 - Segment Information	3 Months Ended
	Jun. 24, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 4 SEGMENT INFORMATION The basis for determining our operating segments is the manner in which financial information is used in monitoring our operations. Transcat has two reportable segments: Service and Distribution. Through our Service segment, we offer calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting and other related services. Through our Distribution segment, we sell and rent national and proprietary brand instruments to customers globally. The Company has no first 2024 2023 First Quarter Ended June 24, June 25, 2023 2022 Revenue: Service $ 39,853 $ 33,876 Distribution 20,745 20,785 Total 60,598 54,661 Gross Profit: Service 12,971 10,835 Distribution 5,739 5,203 Total 18,710 16,038 Operating Expenses: Service (1) 9,779 8,303 Distribution (1) 4,291 4,131 Total 14,070 12,434 Operating Income: Service 3,192 2,532 Distribution 1,448 1,072 Total 4,640 3,604 Unallocated Amounts: Interest and Other Expense, net 878 156 Provision for Income Taxes 813 376 Total 1,691 532 Net Income $ 2,949 $ 3,072 Geographic Data: Revenues to Unaffiliated Customers (2) United States (3) $ 54,257 $ 48,998 Canada 4,247 3,986 Other International 2,094 1,677 Total $ 60,598 $ 54,661 ( 1 Operating expense allocations between segments are based on actual amounts, a percentage of revenues, headcount, and management’s estimates. ( 2 Revenues are attributed to the countries based on the destination of a product shipment or the location where service is rendered. ( 3 United States includes Puerto Rico.

Note 5 - Business Acquisitions

Note 5 - Business Acquisitions	3 Months Ended
	Jun. 24, 2023
Notes to Financial Statements
Business Combination Disclosure [Text Block]	NOTE 5 BUSINESS ACQUISITIONS TIC-MS March 27, 2023, The TIC-MS goodwill is primarily attributable to the workforce acquired, as well as operational synergies and other intangibles that do not fifteen not not The purchase price for TIC-MS was approximately $9.8 million and was paid with $2.9 million in cash, including $0.5 million placed in escrow for certain post-closing adjustments and indemnification claims, if any, and the issuance of 77,387 shares of our common stock valued at $6.8 million. Pursuant to the asset purchase agreement, the purchase price will be subject to reduction by up to $0.5 million if a key customer relationship is not March 27, 2024. The purchase price allocation is subject to revision based upon our final review of intangible asset valuation assumptions, working capital adjustments, assets acquired, and liabilities assumed. The following is a summary of the preliminary purchase price allocation, in the aggregate, to the fair value, based on Level 3 March 27, 2023 ( Goodwill $ 7,438 Intangible Assets – Customer Base & Contracts 2,303 Intangible Assets – Covenant Not to Compete 132 9,873 Plus: Cash 80 Accounts Receivable 470 Property and Equipment 77 Less: Current Liabilities (118 ) Deferred Tax Liability (602 ) Total Purchase Price $ 9,780 From the date of acquisition through the end of the first 2024, Elite February 2, 2023, All the goodwill related to the Elite acquisition has been allocated to the Service segment. Amortization of goodwill related to the Elite acquisition is deductible for tax purposes. The goodwill is primarily attributable to the workforce acquired, as well as operational synergies and other intangibles that do not The total purchase price for the assets of Elite was approximately $0.9 million, of which $0.8 million was paid in cash. Pursuant to the asset purchase agreement, the Company held back $0.1 million of the purchase price for certain potential post-closing adjustments. The following is a summary of the purchase price allocation, in the aggregate, to the fair value, based on Level 3 February 2, 2023 ( Goodwill $ 820 Plus: Accounts Receivable 62 Total Purchase Price $ 882 Since this operation was integrated immediately into our existing operations, its separate contributed revenue and operating income is undeterminable. Complete Calibrations September 28, 2022, All the goodwill related to the Complete Calibrations acquisition has been allocated to the Service segment. Amortization of goodwill related to the Complete Calibrations acquisition is not not The total purchase price paid for Complete Calibrations was approximately $1.2 million in cash. In connection with this transaction, the Company also entered into a Technology License Agreement with Calibration Robots Limited, an Irish company and related party to Complete Calibrations, for the use of their proprietary robotics in completing calibrations. The Technology License Agreement includes transactional royalties in the amount of 3 Euros ($3.27) per calibration performed by technology covered under this license agreement, with a royalty term of up to ten March 28, 2024. June 24, 2023. The following is a summary of the purchase price allocation, in the aggregate, to the fair value, based on Level 3 September 28, 2022 ( Goodwill $ 1,123 Plus: Cash 10 Inventory 44 Total Purchase Price $ 1,177 During the first 2024, e2b September 27, 2022, e2b “e2b” The e2b not e2b e2b fifteen e2b The total purchase price paid for the assets of e2b third 2023, June 24, 2023, The following is a summary of the purchase price allocation, in the aggregate, to the fair value, based on Level 3 e2b’s September 27, 2022 ( Goodwill $ 1,367 Intangible Assets – Customer Base & Contracts 746 Intangible Assets – Covenant Not to Compete 396 2,509 Plus: Accounts Receivable 361 Other Current Assets 24 Property and Equipment 326 Less: Current Liabilities (121 ) Total Purchase Price $ 3,099 During the first 2024, e2b Alliance May 31, 2022, The Alliance goodwill is primarily attributable to the workforce acquired, as well as operational synergies and other intangibles that do not fifteen The purchase price for Alliance was approximately $4.7 million and was paid with $4.0 million in cash and the issuance of 2,284 shares of our common stock valued at $0.1 million. Pursuant to the asset purchase agreement, the Company held back $0.5 million of the purchase price for certain potential post-closing adjustments, and the purchase price will be subject to reduction by $0.5 million if a key customer relationship is not The following is a summary of the purchase price allocation, in the aggregate, to the fair value, based on Level 3 May 31, 2022 ( Goodwill $ 1,783 Intangible Assets – Customer Base & Contracts 2,320 Intangible Assets – Covenant Not to Compete 114 4,217 Plus: Accounts Receivable 343 Property and Equipment 170 Less: Current Liabilities (27 ) Total Purchase Price $ 4,703 During the first 2024, The results of acquired businesses are included in Transcat’s consolidated operating results as of the dates the businesses were acquired. The following unaudited pro forma information presents the Company’s results of operations as if the acquisitions of TIC-MS, Elite, Complete Calibrations, e2b 2023. not (Unaudited) First Quarter Ended (in thousands except per share information) June 24, 2023 June 25, 2022 Total Revenue $ 60,598 $ 56,829 Net Income $ 2,964 $ 3,270 Basic Earnings Per Share $ 0.39 $ 0.43 Diluted Earnings Per Share $ 0.38 $ 0.43 Certain of the Company’s acquisition agreements include provisions for contingent consideration and other holdback amounts. The Company accrues for contingent consideration and holdback provisions based on their estimated fair value at the date of acquisition. As of June 24, 2023 first 2024 first 2023 During the first 2024 2023,

Note 6 - Subsequent Event

Note 6 - Subsequent Event	3 Months Ended
	Jun. 24, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 6 SUBSEQUENT EVENT Effective July 12, 2023, The purchase price allocation has not 10 10 September 23, 2023 not

Note 1 - General (Tables)

Note 1 - General (Tables)	3 Months Ended
	Jun. 24, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	First Quarter Ended June 24, June 25, 2023 2022 Average Shares Outstanding – Basic 7,622 7,535 Effect of Dilutive Common Stock Equivalents 140 94 Average Shares Outstanding – Diluted 7,762 7,629 Anti-dilutive Common Stock Equivalents 57 145
Schedule of Intangible Assets and Goodwill [Table Text Block]	Goodwill Intangible Assets Distribution Service Total Distribution Service Total Net Book Value as of March 25, 2023 $ 11,458 $ 57,902 $ 69,360 $ 448 $ 13,351 $ 13,799 Additions - 7,438 7,438 - 2,435 2,435 Amortization - - - (37 ) (1,056 ) (1,093 ) Currency Translation Adjustment - 253 253 - 3 3 Net Book Value as of June 24, 2023 $ 11,458 $ 65,593 $ 77,051 $ 411 $ 14,733 $ 15,144

Note 3 - Stock-based Compensa_2

Note 3 - Stock-based Compensation (Tables)	3 Months Ended
	Jun. 24, 2023
Notes Tables
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Total Grant Date Estimated Number Fair Level of Date Measurement of Units Value Achievement at Granted Period Outstanding Per Unit June 24, 2023 October 2018 October 2018 – September 2027 6 $ 20.81 Time Vested July 2020 July 2020 – July 2023 26 $ 27.08 Time Vested September 2020 September 2020 – July 2023 4 $ 28.54 Time Vested September 2020 September 2020 – July 2023 5 $ 29.76 Time Vested September 2020 September 2020 – September 2023 3 $ 29.76 Time Vested June 2021 June 2021 – March 2024 10 $ 53.17 133% of target level June 2021 June 2021 – March 2024 11 $ 53.17 Time Vested September 2021 September 2021 – September 2024 4 $ 67.76 Time Vested January 2022 January 2022 – March 2024 1 $ 90.92 133% of target level January 2022 January 2022 – March 2024 1 $ 90.92 Time Vested January 2022 January 2022 – January 2025 1 $ 90.41 Time Vested March 2022 March 2022 – March 2025 1 $ 76.31 Time Vested May 2022 May 2022 – March 2025 11 $ 63.17 52% of target level May 2022 May 2022 – March 2025 12 $ 63.17 Time Vested August 2022 August 2022 – August 2025 1 $ 78.04 Time Vested September 2022 September 2022 – September 2023 5 $ 73.80 Time Vested December 2022 December 2022 – December 2025 1 $ 81.26 Time Vested December 2022 December 2022 – December 2025 1 $ 67.48 Time Vested May 2023 May 2023 – March 2026 10 $ 89.70 100% of target level May 2023 May 2023 – March 2026 11 $ 89.70 Time Vested May 2023 May 2023 – May 2026 19 $ 89.70 Time Vested
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Three Months Ended June 24, June 25, 2023 2022 Risk-Free Interest Rate 3.43 % 2.32 % Volatility Factor 37.16 % 38.11 % Expected Term (in Years) 6.19 3.32 Annual Dividend Rate 0.00 % 0.00 %
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Weighted Weighted Average Average Number Exercise Remaining Aggregate Of Price Per Contractual Intrinsic Options Option Term (in years) Value Outstanding as of March 25, 2023 217 $ 56.25 Granted 16 $ 83.59 Exercised (3 ) $ 24.30 Forfeited (2 ) $ 63.17 Outstanding as of June 24, 2023 228 $ 58.45 6 $ 6,579 Exercisable as of June 24, 2023 42 $ 49.59 6 $ 1,563

Note 4 - Segment Information (T

Note 4 - Segment Information (Tables)	3 Months Ended
	Jun. 24, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	First Quarter Ended June 24, June 25, 2023 2022 Revenue: Service $ 39,853 $ 33,876 Distribution 20,745 20,785 Total 60,598 54,661 Gross Profit: Service 12,971 10,835 Distribution 5,739 5,203 Total 18,710 16,038 Operating Expenses: Service (1) 9,779 8,303 Distribution (1) 4,291 4,131 Total 14,070 12,434 Operating Income: Service 3,192 2,532 Distribution 1,448 1,072 Total 4,640 3,604 Unallocated Amounts: Interest and Other Expense, net 878 156 Provision for Income Taxes 813 376 Total 1,691 532 Net Income $ 2,949 $ 3,072 Geographic Data: Revenues to Unaffiliated Customers (2) United States (3) $ 54,257 $ 48,998 Canada 4,247 3,986 Other International 2,094 1,677 Total $ 60,598 $ 54,661

Note 5 - Business Acquisitions

Note 5 - Business Acquisitions (Tables)	3 Months Ended
	Jun. 24, 2023
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Goodwill $ 7,438 Intangible Assets – Customer Base & Contracts 2,303 Intangible Assets – Covenant Not to Compete 132 9,873 Plus: Cash 80 Accounts Receivable 470 Property and Equipment 77 Less: Current Liabilities (118 ) Deferred Tax Liability (602 ) Total Purchase Price $ 9,780 Goodwill $ 820 Plus: Accounts Receivable 62 Total Purchase Price $ 882 Goodwill $ 1,123 Plus: Cash 10 Inventory 44 Total Purchase Price $ 1,177 Goodwill $ 1,367 Intangible Assets – Customer Base & Contracts 746 Intangible Assets – Covenant Not to Compete 396 2,509 Plus: Accounts Receivable 361 Other Current Assets 24 Property and Equipment 326 Less: Current Liabilities (121 ) Total Purchase Price $ 3,099 Goodwill $ 1,783 Intangible Assets – Customer Base & Contracts 2,320 Intangible Assets – Covenant Not to Compete 114 4,217 Plus: Accounts Receivable 343 Property and Equipment 170 Less: Current Liabilities (27 ) Total Purchase Price $ 4,703
Business Acquisition, Pro Forma Information [Table Text Block]	(Unaudited) First Quarter Ended (in thousands except per share information) June 24, 2023 June 25, 2022 Total Revenue $ 60,598 $ 56,829 Net Income $ 2,964 $ 3,270 Basic Earnings Per Share $ 0.39 $ 0.43 Diluted Earnings Per Share $ 0.38 $ 0.43

Note 1 - General (Details Textu

Note 1 - General (Details Textual) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Jun. 24, 2023	Jun. 25, 2022	Mar. 25, 2023
Investments	$ 0.2		$ 0.2
Share-Based Payment Arrangement, Expense	0.9	$ 0.8
Realized Gain (Loss), Foreign Currency Transaction, before Tax	0.1	0.2
Unrealized Gain (Loss), Foreign Currency Transaction, before Tax	$ 0.1	$ 0.1
Dilutive Securities, Effect Per Share on Earnings (in dollars per share)	$ 0.01	$ 0.01
Foreign Exchange Contract [Member]
Derivative Asset, Notional Amount	$ 2.5

Note 1 - General - Computation

Note 1 - General - Computation of Basic and Diluted Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended
	Jun. 24, 2023	Jun. 25, 2022
Average Shares Outstanding – Basic (in shares)	7,622	7,535
Effect of Dilutive Common Stock Equivalents (in shares)	140	94
Average Shares Outstanding – Diluted (in shares)	7,762	7,629
Anti-dilutive Common Stock Equivalents (in shares)	57	145

Note 1 - General - Summary of C

Note 1 - General - Summary of Changes in Goodwill and Intangible Assets (Details) $ in Thousands	3 Months Ended
	Jun. 24, 2023 USD ($)
Net Book Value, goodwill	$ 69,360
Net Book Value, intangible assets	13,799
Additions, goodwill	7,438
Additions, intangible assets	2,435
Amortization, goodwill	0
Amortization, intangible assets	(1,093)
Currency Translation Adjustment, goodwill	253
Currency Translation Adjustment, intangible assets	3
Net Book Value, goodwill	77,051
Net Book Value, intangible assets	15,144
Distribution Segment [Member]
Net Book Value, goodwill	11,458
Net Book Value, intangible assets	448
Additions, goodwill	0
Additions, intangible assets	0
Amortization, goodwill	0
Amortization, intangible assets	(37)
Currency Translation Adjustment, goodwill	0
Currency Translation Adjustment, intangible assets	0
Net Book Value, goodwill	11,458
Net Book Value, intangible assets	411
Service Segment [Member]
Net Book Value, goodwill	57,902
Net Book Value, intangible assets	13,351
Additions, goodwill	7,438
Additions, intangible assets	2,435
Amortization, goodwill	0
Amortization, intangible assets	(1,056)
Currency Translation Adjustment, goodwill	253
Currency Translation Adjustment, intangible assets	3
Net Book Value, goodwill	65,593
Net Book Value, intangible assets	$ 14,733

Note 2 - Long-term Debt (Detail

Note 2 - Long-term Debt (Details Textual) $ in Thousands	3 Months Ended	12 Months Ended	15 Months Ended
	Jun. 24, 2023 USD ($)	Mar. 25, 2023 USD ($)	Jun. 24, 2023 USD ($)	Sep. 26, 2021	Jul. 07, 2021 USD ($)	May 18, 2020 USD ($)
Long-Term Debt, Current Maturities	$ 2,270	$ 2,248	$ 2,270
The 2018 Term Loan [Member]
Debt Instrument, Face Amount					$ 15,000
Long-Term Debt	5,900		5,900
Long-Term Debt, Current Maturities	2,300		2,300
Debt Instrument, Periodic Payment, Total			200
Debt Instrument, Interest Rate, Stated Percentage				3.90%
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity					80,000
Debt Instrument, Covenant, Restriction to Repurchase Shares and Pay Dividends, Aggregate					10,000	$ 25,000
Line of Credit Facility, Current Borrowing Capacity	37,500		37,500
Long-Term Line of Credit	42,500		42,500
Business Acquisition, Transaction Costs	$ 2,900		$ 2,900
LIBOR Floor	0.25%		0.25%
Debt Instrument, Covenant, Maximum Fixed Charge Ratio	1.15
Debt Instrument, Covenant, Maximum Total Leverage Ratio	3
Total Leverage Ratio	1.50	1.60
Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument, Permitted Acquisition, Aggregate Purchase Price	$ 50,000		$ 50,000
Debt Instrument, Permitted Acquisition, Additional Aggregate Purchase Price	$ 40,000		$ 40,000
Debt Instrument, Interest Rate, Effective Percentage	6.90%		6.90%
Revolving Credit Facility [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Effective Percentage	6.40%		6.40%
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity					$ 10,000

Note 3 - Stock-based Compensa_3

Note 3 - Stock-based Compensation (Details Textual) - USD ($) Pure in Thousands, $ in Millions	3 Months Ended
	Jun. 24, 2023	Jun. 25, 2022
Share-Based Payment Arrangement, Expense, Tax Benefit	$ 0.1	$ 0.5
Share-Based Payment Arrangement, Expense	$ 0.9	0.8
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	16,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 0.2	0.2
Proceeds from Stock Options Exercised	$ 0.1	0.1
Board of Directors Member [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	5 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	10,000
Performance-based Restricted Stock Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years
Restricted Stock Units (RSUs) [Member]
Share-Based Payment Arrangement, Expense	$ 0.6	$ 0.4
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 4.6
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	5 years	3 years
Share-Based Payment Arrangement, Expense	$ 0.3	$ 0.4
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 2.1
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0%	0%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)		34,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	3 years
Share-Based Payment Arrangement, Option [Member] | Share-Based Payment Arrangement, Employee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	6,000
Share-Based Payment Arrangement, Option [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)	5 years
Share-Based Payment Arrangement, Option [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)	10 years
The 2021 Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)	600,000

Note 3 - Stock-based Compensa_4

Note 3 - Stock-based Compensation - Summary of Non-vested Restricted Stock Units (Details) - Performance-based Restricted Stock Units [Member] shares in Thousands	Jun. 24, 2023 $ / shares shares
October 2018 [Member]
Total number of units outstanding (in shares) | shares	6
Grant date fair value per unit (in dollars per share) | $ / shares	$ 20.81
July 2020 [Member]
Total number of units outstanding (in shares) | shares	26
Grant date fair value per unit (in dollars per share) | $ / shares	$ 27.08
September 2020, First Issuance [Member]
Total number of units outstanding (in shares) | shares	4
Grant date fair value per unit (in dollars per share) | $ / shares	$ 28.54
September 2020, Second Issuance [Member]
Total number of units outstanding (in shares) | shares	5
Grant date fair value per unit (in dollars per share) | $ / shares	$ 29.76
September 2020, Third Issuance [Member]
Total number of units outstanding (in shares) | shares	3
Grant date fair value per unit (in dollars per share) | $ / shares	$ 29.76
June 2021, First Issuance [Member]
Total number of units outstanding (in shares) | shares	10
Grant date fair value per unit (in dollars per share) | $ / shares	$ 53.17
June 2021, Second Issuance [Member]
Total number of units outstanding (in shares) | shares	11
Grant date fair value per unit (in dollars per share) | $ / shares	$ 53.17
September 2021 [Member]
Total number of units outstanding (in shares) | shares	4
Grant date fair value per unit (in dollars per share) | $ / shares	$ 67.76
January 2022, First Issuance [Member]
Total number of units outstanding (in shares) | shares	1
Grant date fair value per unit (in dollars per share) | $ / shares	$ 90.92
January 2022, Second Issuance [Member]
Total number of units outstanding (in shares) | shares	1
Grant date fair value per unit (in dollars per share) | $ / shares	$ 90.92
January 2022, Third Issuance [Member]
Total number of units outstanding (in shares) | shares	1
Grant date fair value per unit (in dollars per share) | $ / shares	$ 90.41
March 2022 [Member]
Total number of units outstanding (in shares) | shares	1
Grant date fair value per unit (in dollars per share) | $ / shares	$ 76.31
May 2022, First Issuance [Member]
Total number of units outstanding (in shares) | shares	11
Grant date fair value per unit (in dollars per share) | $ / shares	$ 63.17
May 2022, Second Issuance [Member]
Total number of units outstanding (in shares) | shares	12
Grant date fair value per unit (in dollars per share) | $ / shares	$ 63.17
August 2022 Issuance [Member]
Total number of units outstanding (in shares) | shares	1
Grant date fair value per unit (in dollars per share) | $ / shares	$ 78.04
September 2022 [Member]
Total number of units outstanding (in shares) | shares	5
Grant date fair value per unit (in dollars per share) | $ / shares	$ 73.80
December 2022 First Issuance [Member]
Total number of units outstanding (in shares) | shares	1
Grant date fair value per unit (in dollars per share) | $ / shares	$ 81.26
December 2022 Second Issuance [Member]
Total number of units outstanding (in shares) | shares	1
Grant date fair value per unit (in dollars per share) | $ / shares	$ 67.48
May 2023 First Issuance [Member]
Total number of units outstanding (in shares) | shares	10
Grant date fair value per unit (in dollars per share) | $ / shares	$ 89.70
May 2023 Second Issuance [Member]
Total number of units outstanding (in shares) | shares	11
Grant date fair value per unit (in dollars per share) | $ / shares	$ 89.70
May 2023 Third Issuance [Member]
Total number of units outstanding (in shares) | shares	19
Grant date fair value per unit (in dollars per share) | $ / shares	$ 89.70

Note 3 - Stock-based Compensa_5

Note 3 - Stock-based Compensation - Weighted Average Assumptions (Details)	3 Months Ended
	Jun. 24, 2023	Jun. 25, 2022
Annual Dividend Rate	0%
Share-Based Payment Arrangement, Option [Member]
Risk-Free Interest Rate	3.43%	2.32%
Volatility Factor	37.16%	38.11%
Expected Term (in Years) (Year)	6 years 2 months 8 days	3 years 3 months 25 days
Annual Dividend Rate	0%	0%

Note 3 - Stock-based Compensa_6

Note 3 - Stock-based Compensation - Summary of Options (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 24, 2023 USD ($) $ / shares shares
Outstanding, number of options (in shares) | shares	217
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 56.25
Granted, number of options (in shares) | shares	16
Granted, weighted average exercise price (in dollars per share) | $ / shares	$ 83.59
Exercised, number of options (in shares) | shares	(3)
Exercised, weighted average exercise price (in dollars per share) | $ / shares	$ 24.30
Forfeited, number of options (in shares) | shares	(2)
Forfeited, weighted average exercise price (in dollars per share) | $ / shares	$ 63.17
Outstanding, number of options (in shares) | shares	228
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 58.45
Outstanding, weighted average remaining contractual term (Year)	6 years
Oustanding, aggregate intrinsic value | $	$ 6,579
Exercisable, number of options (in shares) | shares	42
Exercisable, weighted average exercise price (in dollars per share) | $ / shares	$ 49.59
Exercisable, weighted average remaining contractual term (Year)	6 years
Exercisable, aggregate intrinsic value | $	$ 1,563

Note 4 - Segment Information (D

Note 4 - Segment Information (Details Textual)	3 Months Ended
	Jun. 24, 2023
Number of Reportable Segments	2

Note 4 - Segment Information -

Note 4 - Segment Information - Segment and Geographic Data (Details) - USD ($) $ in Thousands		3 Months Ended
		Jun. 24, 2023	Jun. 25, 2022
Revenue	[1]	$ 60,598	$ 54,661
Gross Profit		18,710	16,038
Operating Expenses		14,070	12,434
Operating Income		4,640	3,604
Interest and Other Expense, net		878	156
Provision for Income Taxes		813	376
Total		1,691	532
Net Income		2,949	3,072
UNITED STATES
Revenue	[1],[2]	54,257	48,998
CANADA
Revenue	[1]	4,247	3,986
Other International [Member]
Revenue	[1]	2,094	1,677
Service Segment [Member] | Operating Segments [Member]
Revenue		39,853	33,876
Gross Profit		12,971	10,835
Operating Expenses	[3]	9,779	8,303
Operating Income		3,192	2,532
Distribution Segment [Member] | Operating Segments [Member]
Revenue		20,745	20,785
Gross Profit		5,739	5,203
Operating Expenses	[3]	4,291	4,131
Operating Income		$ 1,448	$ 1,072
[1]Revenues are attributed to the countries based on the destination of a product shipment or the location where service is rendered.[2]United States includes Puerto Rico.[3]Operating expense allocations between segments are based on actual amounts, a percentage of revenues, headcount, and management’s estimates.

Note 5 - Business Acquisition_2

Note 5 - Business Acquisitions (Details Textual) € in Thousands, $ in Thousands								3 Months Ended
		Mar. 27, 2023 USD ($) shares	Feb. 02, 2023 USD ($)	Sep. 28, 2022 USD ($)	Sep. 28, 2022 EUR (€)	Sep. 27, 2022 USD ($)	May 31, 2022 USD ($) shares	Jun. 24, 2023 USD ($)	Jun. 24, 2023 USD ($)	Dec. 24, 2022 USD ($)	Jun. 25, 2022 USD ($)	Mar. 25, 2023 USD ($)
Revenues	[1]								$ 60,598		$ 54,661
Operating Income (Loss)									4,640		3,604
Business Combination, Contingent Consideration, Liability, Current								$ 0	0
Unpaid Amounts for Other Holdbacks								$ 100	100
Payment for Contingent Consideration Liability, Financing Activities									0		0
Payments for Other Holdbacks									300		0
General and Administrative Expense [Member]
Business Combination, Acquisition Related Costs									200		100
Complete Calibrations [Member]
Revenues									100
Operating Income (Loss)									$ 100
Foreign Currency Exchange Rate, Translation								1.0895	1.0895
TIC-MS, Inc. [Member]
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)		15 years
Business Combination, Consideration Transferred		$ 9,800
Payments to Acquire Businesses, Gross		2,900
Escrow Deposit		$ 500
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares		77,387
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable		$ 6,800
Revenues								$ 900
Operating Income (Loss)								$ 400
TIC-MS, Inc. [Member] | Scenario, Adjustment [Member]
Business Combination, Potential Purchase Price Adjustment for Failure to Retain Key Customer Relationships		$ 500
Elite [Member]
Business Combination, Consideration Transferred			$ 900
Payments to Acquire Businesses, Gross			800
Business Combination, Payment Withheld for Potential Post-closing Adjustments			$ 100
Complete Calibrations [Member]
Payments to Acquire Businesses, Gross				$ 1,200
Complete Calibrations [Member] | Technology License Agreement [Member]
Royalties Per Technology Calibration				$ 3,270	€ 3,000
Technology License Agreement, Term (Year)				10 years	10 years
Cumulative License Revenue				$ 820	€ 750
Annual Royalty Fee, Amount				$ 110	€ 100
e2b [Member]
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)						15 years
Payments to Acquire Businesses, Gross						$ 3,100
Escrow Deposit												$ 300
Revenues											800
Operating Income (Loss)											100
Business Combination, Consideration Held Back						$ 900
Escrow Released to Sellers										$ 600
Alliance [Member]
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)							15 years
Business Combination, Consideration Transferred							$ 4,700
Payments to Acquire Businesses, Gross							$ 4,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares							2,284
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable							$ 100
Revenues											600
Business Combination, Consideration Held Back							500
Business Combination, Consideration Subject to Reduction							$ 500
Cash Out of Escrow Account											$ 200
[1]Revenues are attributed to the countries based on the destination of a product shipment or the location where service is rendered.

Note 5 - Business Acquisition_3

Note 5 - Business Acquisitions - Summary of Purchase Price Allocation (Details) - USD ($) $ in Thousands	Jun. 24, 2023	Mar. 27, 2023	Mar. 25, 2023	Feb. 02, 2023	Sep. 28, 2022	Sep. 27, 2022	May 31, 2022
Goodwill	$ 77,051		$ 69,360
TIC-MS, Inc. [Member]
Goodwill		$ 7,438
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, Intangibles and Deferred Taxes		9,873
Cash		80
Accounts Receivable		470
Property and Equipment		77
Current Liabilities		(118)
Deferred Tax Liability		(602)
Total Purchase Price		9,780
TIC-MS, Inc. [Member] | Customer-Related Intangible Assets [Member]
Intangible Assets		2,303
TIC-MS, Inc. [Member] | Noncompete Agreements [Member]
Intangible Assets		$ 132
Elite [Member]
Goodwill				$ 820
Accounts Receivable				62
Total Purchase Price				$ 882
Complete Calibrations [Member]
Goodwill					$ 1,123
Cash					10
Total Purchase Price					1,177
Inventory					$ 44
e2b [Member]
Goodwill						$ 1,367
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, Intangibles and Deferred Taxes						2,509
Accounts Receivable						361
Property and Equipment						326
Current Liabilities						(121)
Total Purchase Price						3,099
Other Current Assets						24
e2b [Member] | Customer-Related Intangible Assets [Member]
Intangible Assets						746
e2b [Member] | Noncompete Agreements [Member]
Intangible Assets						$ 396
Alliance [Member]
Goodwill							$ 1,783
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, Intangibles and Deferred Taxes							4,217
Accounts Receivable							343
Property and Equipment							170
Current Liabilities							(27)
Total Purchase Price							4,703
Alliance [Member] | Customer-Related Intangible Assets [Member]
Intangible Assets							2,320
Alliance [Member] | Noncompete Agreements [Member]
Intangible Assets							$ 114

Note 5 - Business Acquisition_4

Note 5 - Business Acquisitions - Pro Forma Results (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jun. 24, 2023	Jun. 25, 2022
Total Revenue	$ 60,598	$ 56,829
Net Income	$ 2,964	$ 3,270
Basic Earnings Per Share (in dollars per share)	$ 0.39	$ 0.43
Diluted Earnings Per Share (in dollars per share)	$ 0.38	$ 0.43

Note 6 - Subsequent Event (Deta

Note 6 - Subsequent Event (Details Textual) - SteriQual, Inc. [Member] - Subsequent Event [Member] $ in Millions	Jul. 12, 2023 USD ($) shares
Business Combination, Consideration Transferred	$ 4.2
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares	38,785
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 3.3
Business Combination, Consideration Transferred, Liabilities Incurred	$ 0.9