Quarterly report [Sections 13 or 15(d)]

Note 2 - Segment Reporting

v3.25.3
Note 2 - Segment Reporting
 6 Months Ended
Sep. 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 primarily 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

    

Six-Month Periods Ended

  
   

September 28, 2025

    

September 29, 2024

    

September 28, 2025

    

September 29, 2024

  

Net sales

   $ 23,695     $ 24,460       39,173     $ 40,672  

Less:

                                

Cost of products sold

     17,124       17,503       29,084       29,749  

Marketing and administrative expenses

     4,708       5,448       9,425       9,711  

Interest expense, net and other

     283       382       467       471  

Income tax expense

     423       267       144       203  

Segment net income

   $ 1,157     $ 860       53     $ 538  

 

Included in the profit or loss measure above are the following: depreciation expense and amortization expense were $191 thousand and $187 thousand, respectively, for the three months ended September 28, 2025 while for the three months ended September 29, 2024, depreciation and amortization expenses were $158 thousand and $195 thousand, respectively. Depreciation expense and amortization expense were $389 thousand and $401 thousand, respectively, for the six months ended September 28, 2025 while for the six months ended September 29, 2024 depreciation and amortization expenses were $342 thousand and $344 thousand, respectively.