Note 7 - Related Party Transaction
|6 Months Ended|
Oct. 01, 2017
|Notes to Financial Statements|
|Related Party Transactions Disclosure [Text Block]||
– Related Party Transaction
August 4, 2017,Carousel entered into a lease of the Carousel facilities in Douglasville, Georgia with JST Capital, LLC ("JST"), a wholly-owned subsidiary of Pritech, Inc., which is owned by the Chief Executive Officer and President of Carousel. Carousel made lease payments of
to JST for each of the
six-month periods ended
October 1, 2017,
of which is included in cost of products sold and
of which is included in marketing and administrative expenses in the accompanying unaudited condensed consolidated statements of income.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/presentationRef