Crown Crafts, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 14 - Commitments and Contingencies

Note 14 - Commitments and Contingencies	12 Months Ended
Apr. 03, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 14 – Commitments and Contingencies Total royalty expense amounted to $6.0 million and $5.7 million for fiscal years 2022 and 2021, respectively. The Company’s commitment for minimum guaranteed royalty payments under its license agreements as of April 3, 2022 is $4.4 million, consisting of $2.9 million and $1.5 million due in fiscal years 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.

Note 14 - Commitments and Contingencies

12 Months Ended

Apr. 03, 2022

Commitments and Contingencies Disclosure [Text Block]

Note 14 – Commitments and Contingencies

Total royalty expense amounted to $6.0 million and $5.7 million for fiscal years 2022 and 2021, respectively. The Company’s commitment for minimum guaranteed royalty payments under its license agreements as of April 3, 2022 is $4.4 million, consisting of $2.9 million and $1.5 million due in fiscal years 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.