Note 14 - Commitments and Contingencies |
12 Months Ended |
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Mar. 30, 2025 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] |
Note 14 – Commitments and Contingencies
Royalty expense amounted to $6.7 million and $5.3 million during fiscal years 2025 and 2024, respectively. The Company’s commitment for the next five fiscal years for minimum guaranteed royalty payments under its license agreements as of March 30, 2025 is $2.4 million, consisting of $1.4 million, $640,000, $190,000, $146,000 and $56,000 due in fiscal years 2026, 2027, 2028, 2029 and 2030, 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. |
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- Definition The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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