v3.25.2
Note 3 - Segment Reporting
 12 Months Ended
Mar. 30, 2025
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

Note 3 – 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 operations, 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 our reportable segment (in thousands):

 

 

2025

 

2024

 

Net sales

$87,250 $87,632 

Less:

      

Cost of products sold

 65,985  64,632 

Marketing and administrative expenses

 18,690  16,105 

Goodwill impairment charge

 13,766  - 

Interest expense, net and other

 1,222  667 

Income tax expense (benefit)

 (3,057) 1,334 

Segment net income

$(9,356)$4,894 

 

Included in the profit or loss measure above are the following: For the fiscal year ended March 30, 2025, depreciation expense was $704,000 and amortization expense, including $13.8 million of goodwill impairment, totaled $14.5 million, while for the fiscal year ended March 31, 2024, depreciation and amortization expenses were $835,000 and $601,000, respectively.