Note 19 - COVID-19

6 Months Ended

Jun. 27, 2020

Notes to Financial Statements

Effect of COVID-19 Pandemic [Text Block]

19. COVID- 19

In

March 2020,

the World Health Organization declared the outbreak of a novel coronavirus (COVID-

19

) as a pandemic, which continues to present various health, business and other challenges throughout the United States. As a result, we have temporarily closed most of our office locations, with most of our workforce working from home, and have seen a reduction in customer demand, all resulting in a negative impact on Company revenue, gross profit, and operating income. The duration and ultimate magnitude of the disruption remains uncertain. Therefore, while we experienced a negative impact during the

first

half of fiscal

2020,

we expect this matter to negatively impact our business, results of operations, and financial position also through at least the

second

half of fiscal

2020

and possibly beyond, and the related financial impact cannot be reasonably estimated at this time. Please see more detailed disclosure by segment in our Segment Discussion and the impact to our consolidated financial position under Financial Activities under Liquidity and Capital Resources, all in Management's Discussion and Analysis of Financial Condition and Results of Operations.