Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Cash Flows

v3.25.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Operating activities:    
Net income $ (9,356,000) $ 4,894,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 704,000 835,000
Amortization of intangibles 772,000 601,000
Amortization of debt issuance costs 7,000 0
Impairment charge - goodwill 13,766,000 0
Reduction in the carrying amount of right of use assets 4,618,000 4,344,000
Deferred income taxes (4,231,000) (1,092,000)
Loss (gain) on sale of property, plant and equipment 2,000 (58,000)
Reserve for unrecognized tax liabilities 17,000 71,000
Stock-based compensation 752,000 763,000
Changes in assets and liabilities:    
Accounts receivable 1,658,000 453,000
Inventories 3,898,000 4,016,000
Prepaid expenses (237,000) (269,000)
Other assets 50,000 (14,000)
Lease liabilities (4,465,000) (3,580,000)
Accounts payable 55,000 (3,142,000)
Accrued liabilities 1,811,000 (738,000)
Net cash provided by operating activities 9,821,000 7,084,000
Cash used in investing activities:    
Capital expenditures for property, plant and equipment (872,000) (786,000)
Proceeds from sale of property, plant and equipment 0 105,000
Payment to acquire Baby Boom (16,296,000) 0
Aggregate adjustment from the Manhattan and MTE acquisition 0 488,000
Net cash used in investing activities (17,168,000) (193,000)
Financing activities:    
Repayments under revolving line of credit (82,081,000) (75,274,000)
Borrowings under revolving line of credit 85,834,000 70,712,000
Payments on term loan (1,333,000) 0
Proceeds from term loan, net of issuance costs 7,964,000 0
Shares withheld to pay taxes on stock compensation (59,000) 0
Dividends paid (3,286,000) (3,242,000)
Net cash provided (used in) by financing activities 7,039,000 (7,804,000)
Net decrease in cash and cash equivalents (308,000) (913,000)
Cash and cash equivalents at beginning of period 829,000 1,742,000
Cash and cash equivalents at end of period 521,000 829,000
Supplemental cash flow information:    
Income taxes paid 633,000 2,747,000
Interest paid 1,046,000 818,000
Noncash activities:    
Property, plant and equipment purchased but unpaid (67,000) (32,000)
Dividends declared but unpaid $ (876,000) $ (843,000)