Annual report pursuant to Section 13 and 15(d)

Note 14 - Commitments and Contingencies

v3.21.1
Note 14 - Commitments and Contingencies
 12 Months Ended
Mar. 28, 2021
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]
Note
14
–
Commitments and Contingencies
 
Total royalty expense amounted to
$5.7
million and
$4.9
million for fiscal years
2021
and
2020,
respectively. The Company's commitment for minimum guaranteed royalty payments under its license agreements as of
March 28, 2021
is
$2.6
million, consisting of
$1.9
million,
$705,000
and
$43,000
due in fiscal years
2022,
2023
and
2024,
respectively.
 
The Company is, from time to time, involved in various legal proceedings relating to claims arising in the ordinary course of its business. Neither the Company nor any of its subsidiaries is a party to any such legal proceeding the outcome of which, individually or in the aggregate, is expected to have a material adverse effect on the Company's financial position, results of operations or cash flows.