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Unaudited Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | |
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Dec. 28, 2014
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Dec. 29, 2013
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| Operating activities: | ||
| Net income | $ 3,579us-gaap_NetIncomeLoss | $ 3,743us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation of property, plant and equipment | 231us-gaap_DepreciationAndAmortization | 225us-gaap_DepreciationAndAmortization |
| Amortization of intangibles | 559us-gaap_AmortizationOfIntangibleAssets | 563us-gaap_AmortizationOfIntangibleAssets |
| Deferred income taxes | 108us-gaap_DeferredIncomeTaxExpenseBenefit | (379)us-gaap_DeferredIncomeTaxExpenseBenefit |
| Stock-based compensation | 652us-gaap_ShareBasedCompensation | 487us-gaap_ShareBasedCompensation |
| Tax shortfall from stock-based compensation | (9)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities | |
| Changes in assets and liabilities: | ||
| Accounts receivable | (120)us-gaap_IncreaseDecreaseInAccountsReceivable | 4,450us-gaap_IncreaseDecreaseInAccountsReceivable |
| Inventories | (5,694)us-gaap_IncreaseDecreaseInInventories | (6,310)us-gaap_IncreaseDecreaseInInventories |
| Prepaid expenses | (1,765)us-gaap_IncreaseDecreaseInPrepaidExpense | (274)us-gaap_IncreaseDecreaseInPrepaidExpense |
| Other assets | (56)us-gaap_IncreaseDecreaseInOtherOperatingAssets | (1)us-gaap_IncreaseDecreaseInOtherOperatingAssets |
| Accounts payable | 4,580us-gaap_IncreaseDecreaseInAccountsPayable | 2,243us-gaap_IncreaseDecreaseInAccountsPayable |
| Accrued liabilities | 520us-gaap_IncreaseDecreaseInOtherAccruedLiabilities | 1,219us-gaap_IncreaseDecreaseInOtherAccruedLiabilities |
| Net cash provided by operating activities | 2,594us-gaap_NetCashProvidedByUsedInOperatingActivities | 5,957us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Investing activities: | ||
| Capital expenditures for property, plant and equipment | (223)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (64)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Capitalized costs of internally developed intangible assets | (16)us-gaap_PaymentsToAcquireIntangibleAssets | |
| Net cash used in investing activities | (223)us-gaap_NetCashProvidedByUsedInInvestingActivities | (80)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Financing activities: | ||
| Repayments under revolving line of credit | (6,106)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit | (9,947)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit |
| Borrowings under revolving line of credit | 6,106us-gaap_ProceedsFromLinesOfCredit | 9,947us-gaap_ProceedsFromLinesOfCredit |
| Purchase of treasury stock | (173)us-gaap_PaymentsForRepurchaseOfCommonStock | (331)us-gaap_PaymentsForRepurchaseOfCommonStock |
| Issuance of common stock | 58us-gaap_ProceedsFromIssuanceOfCommonStock | 205us-gaap_ProceedsFromIssuanceOfCommonStock |
| Excess tax benefit from stock-based compensation | 68us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 42us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
| Dividends paid | (2,399)us-gaap_PaymentsOfDividendsCommonStock | (2,362)us-gaap_PaymentsOfDividendsCommonStock |
| Net cash used in financing activities | (2,446)us-gaap_NetCashProvidedByUsedInFinancingActivities | (2,446)us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Net (decrease) increase in cash and cash equivalents | (75)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 3,431us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents at beginning of period | 560us-gaap_CashAndCashEquivalentsAtCarryingValue | 340us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at end of period | 485us-gaap_CashAndCashEquivalentsAtCarryingValue | 3,771us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Supplemental cash flow information: | ||
| Income taxes paid, net of refunds received | 2,323us-gaap_IncomeTaxesPaid | 2,814us-gaap_IncomeTaxesPaid |
| Interest paid, net of interest received | 10us-gaap_InterestPaidNet | 26us-gaap_InterestPaidNet |
| Noncash financing activity: | ||
| Dividends declared but unpaid | (805)us-gaap_DividendsPayableCurrentAndNoncurrent | (789)us-gaap_DividendsPayableCurrentAndNoncurrent |
| Compensation paid as common stock | $ 354us-gaap_StockIssued1 | |
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow for realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in other expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The fair value of stock issued in noncash financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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