Note 13 - New Accounting Standards and Updates From the Securities Exchange Commission ("SEC")

6 Months Ended

Jun. 29, 2019

Notes to Financial Statements

New Accounting Pronouncements and Changes in Accounting Principles [Text Block]

13. New Accounting Standards and Updates from the Securities Exchange Commission (“SEC”)

In

June 2016,

the FASB issued ASU

2016

-

13,

Financial Instruments - Credit Losses (Topic

326

).

The new standard amends guidance on reporting credit losses for assets held at amortized cost basis and available-for-sale debt securities. This ASU is effective for financial statements issued for fiscal years beginning after

December 15, 2019,

including interim periods within those fiscal years. The Company does

not

expect the adoption of ASU

2016

-

13

to have a material impact on its consolidated financial statements.