Note 7 - Acquisition (Tables)

6 Months Ended

Oct. 01, 2023

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Tangible assets:
Cash and cash equivalents	$	1,270
Accounts receivable		3,112
Inventories		12,578
Prepaid expenses		350
Other assets		91
Operating lease right of use assets		1,009
Property, plant and equipment		194
Total tangible assets		18,604
Amortizable intangible assets:
Tradename		300
Licensing relationships		200
Customer relationships		800
Total amortizable intangible assets		1,300
Goodwill		750
Total acquired assets		20,654
Liabilities assumed:
Accounts payable		2,048
Accrued wages and benefits		370
Operating lease liabilities, current		226
Other accrued liabilities		308
Operating lease liabilities, noncurrent		783
Total liabilities assumed		3,735
Net acquisition cost	$	16,919

Business Combination, Segment Allocation [Table Text Block]

Amount of goodwill recognized based upon the preliminary allocation of the acquisition cost	$	787,000
Adjustments made during the six-month period ended October 1, 2023:
Settlement of the Aggregate Adjustment		(488,000	)
Revaluation of inventory as of the Closing Date		387,000
Resolution of pre-acquisition accounts payable		64,000
Net adjustments made during the six-month period ended October 1, 2023		(37,000	)
Amount of goodwill recognized as of October 1, 2023	$	750,000