v3.26.1
Note 3 - Segment Reporting
 12 Months Ended
Mar. 29, 2026
Notes to Financial Statements  
Segment Reporting [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 in one principal segment, infant, toddler and juvenile products. These products consist of infant and toddler bedding, diaper bags, bibs, plush, dolls, disposables, toys and feeding 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 the Company’s reportable segment (in thousands):

 

  

2026

  

2025

 

Net sales

 $82,266  $87,250 

Less:

        

Cost of products sold

  62,188   65,985 

Marketing and administrative expenses

  18,979   18,690 

Goodwill impairment charge

  -   13,766 

Interest expense, net and other

  (1,539)  1,222 

Income tax expense (benefit)

  795   (3,057)

Segment net income (loss)

 $1,843  $(9,356)

 

Included in the profit or loss measure above are the following for the fiscal year ended March 29, 2026, depreciation and amortization expenses were $752 thousand and $774 thousand, respectively, while for the fiscal year ended March 30, 2025, depreciation expense was $704 thousand and amortization expense, including $13.8 million of goodwill impairment, totaled $14.5 million.