Annual report pursuant to Section 13 and 15(d)

Note 12 - Commitments and Contingencies

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Note 12 - Commitments and Contingencies
12 Months Ended
Mar. 29, 2015
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]
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12
– Commitments and Contingencies
 
Total rent expense was $1.4 million during each of fiscal years ended March 29, 2015 and March 30, 2014. The Company’s commitment for minimum guaranteed rental payments under its lease agreements as of March 29, 2015 is $6.3 million, consisting of $1.2 million due in each of fiscal years 2016, 2017, 2018, 2019 and 2020, and $346,000 due in fiscal year 2021.
 
Total royalty expense was $8.7 million and $7.5 million for fiscal years 2015 and 2014, respectively. The Company’s commitment for minimum guaranteed royalty payments under its license agreements as of March 29, 2015 is $7.7 million, consisting of $3.1 million, $2.7 million and $1.9 million due in fiscal years 2016, 2017 and 2018, 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.