Note 12 - Commitments and Contingencies |
12 Months Ended |
|---|---|
Apr. 03, 2016 | |
| Notes to Financial Statements | |
| Commitments and Contingencies Disclosure [Text Block] |
N
ote
12
– Commitments and Contingencies
Total rent expense was $1.5 million and $1.4 million during fiscal years ended April 3, 2016 and March 29, 2015, respectively. The Company’s commitment for minimum guaranteed rental payments under its lease agreements as of April 3, 2016 is $5.4 million, consisting of $1.2 million due in fiscal year 2017, $1.3 million in each of fiscal years 2018 and 2019, $1.2 million in fiscal year 2020, and $342,000 in fiscal year 2021. Total royalty expense was $9.0 million and $8.7 million for fiscal years 2016 and 2015, respectively. The Company’s commitment for minimum guaranteed royalty payments under its license agreements as of April 3, 2016 is $10.2 million, consisting of $5.2 million, $4.6 million and $427,000 due in fiscal years 2017, 2018 and 2019, 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. |