Note 8 - Legal Proceedings

6 Months Ended

Jul. 04, 2015

Notes to Financial Statements

Legal Matters and Contingencies [Text Block]

8. LEGAL PROCEEDINGS

The Company is a party to ordinary course litigation arising out of the operation of its business. The Company accrues for a loss contingency when it determines that it is probable, after consultation with counsel, that a liability has been incurred and the amount of such loss can be reasonably estimated. The Company believes that the ultimate resolution of such ordinary course litigation, either individually or in the aggregate, will not have a material adverse effect on its consolidated financial condition, results of operations, or cash flows.