Note 8 - Subsequent Events |
3 Months Ended |
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Jul. 01, 2018 | |
| Notes to Financial Statements | |
| Subsequent Events [Text Block] |
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ote
8 – Subsequent Event
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As set forth in the Note
5 disclosure, on August 7, 2018, the CIT Financing Agreement was amended to extend the maturity date to July 11, 2022 and to lower the interest rate margin under the LIBOR option to 1.75%, effective as of August 1, 2018. The Company has evaluated events which have occurred between July 1, 2018 and the date that the accompanying consolidated financial statements were issued, and has determined that there are no other material subsequent events that require disclosure. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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