Note K - Impairment of Vendor Deposit |
3 Months Ended |
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Apr. 05, 2026 | |
| Notes to Financial Statements | |
| Asset, Impairment [Text Block] |
NOTE K – IMPAIRMENT OF VENDOR DEPOSIT During the quarter ended March 30, 2025, the Company made deposits totaling $2,701,000 with a vendor in its Housewares/Small Appliances segment. On May 29, 2025, the vendor filed for protection in the U.S. Bankruptcy Court in the Northern District of Texas. As recovery of the deposit is deemed unlikely, the Company recorded an impairment of the full deposit during the quarter ended June 29, 2025. The deposit had been carried in Property, Plant and Equipment on the Company’s balance sheet dated March 30, 2025.
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