Quarterly report [Sections 13 or 15(d)]

Note 2 - Segment Reporting

v3.25.4
Note 2 - Segment Reporting
 9 Months Ended
Dec. 28, 2025
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

Note 2 – Segment Reporting

 

The Company’s operations are managed and reported to its Chief Executive Officer, the Company’s chief operating decision maker (“CODM”), on a consolidated basis. The Company operates in one principal segment, infant, toddler and juvenile products. These products consist of infant and toddler bedding, diaper bags, bibs, toys and disposable products. The CODM assesses performance and allocates resources based on the Company’s consolidated statements of income, which requires the CODM to manage and evaluate the results of the Company in a consolidated manner to drive efficiencies and develop uniform strategies. Segment asset information is not used by the CODM to allocate resources.

 

As a single reportable segment entity, the Company’s segment performance measure is net income. The following table presents information about the Company’s reportable segment (in thousands):

 

   

Three-Month Periods Ended

    

Nine-Month Periods Ended

  
   

December 28, 2025

    

December 29, 2024

    

December 28, 2025

    

December 29, 2024

  

Net sales

   $ 20,717     $ 23,351       59,890     $ 64,023  

Less:

                                

Cost of products sold

     15,855       17,253       44,939       47,002  

Marketing and administrative expenses

     4,968       4,397       14,393       14,108  

Interest expense, net and other

     (2,214 )     426       (1,747 )     897  

Income tax expense

     598       382       742       585  

Segment net income

   $ 1,510     $ 893       1,563     $ 1,431  

 

Included in the profit or loss measure above are the following: depreciation expense and amortization expense were $189 thousand and $187 thousand, respectively, for the three months ended December 28, 2025 while for the three months ended December 29, 2024, depreciation and amortization expenses were $158 thousand and $228 thousand, respectively. Depreciation expense and amortization expense were $578 thousand and $588 thousand, respectively, for the nine months ended December 28, 2025 while for the nine months ended December 29, 2024 depreciation and amortization expenses were $501 thousand and $574 thousand, respectively.