Quarterly report [Sections 13 or 15(d)]

Note 2 - Segment Reporting

v3.26.3
Note 2 - Segment Reporting
 6 Months Ended
Sep. 27, 2026
Notes to Financial Statements  
Segment Reporting [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, plush, dolls, disposables, toys and feeding 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

    

Six-Month Periods Ended

  
   

September 27, 2026

    

September 28, 2025

    

September 27, 2026

    

September 28, 2025

  

Net sales

   $ 19,028     $ 23,695       35,794     $ 39,173  

Less:

                                

Cost of products sold

     12,945       17,124       21,680       29,084  

Marketing and administrative expenses

     4,519       4,708       9,751       9,425  

Interest expense, net and other

     (222 )     283       (197 )     467  

Income tax expense

     469       423       1,183       144  

Segment net income

   $ 1,317     $ 1,157       3,377     $ 53  

 

Included in the profit or loss measure above are the following: depreciation expense and amortization expense were $184 thousand and $187 thousand, respectively, for the three months ended September 27, 2026 while for the three months ended September 28, 2025, depreciation and amortization expenses were $191 thousand and $187 thousand, respectively. Depreciation expense and amortization expense were $369 thousand and $374 thousand, respectively, for the six months ended September 27, 2026 while for the six months ended September 28, 2025 depreciation and amortization expenses were $389 thousand and $401 thousand, respectively.