GENERAL (Tables)

3 Months Ended

Jun. 27, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

A summary of changes in the Company’s allowance for credit losses is as follows (amounts in thousands):


	Three Months Ended
	June 27, 2026		June 28, 2025

Allowance for Credit Losses, Beginning Balance	$	(851)	$	(659)
Additions from Acquisitions	$	(50)	$	-
Provision for Credit Losses	$	(94)	$	(132)
Write-offs, net of Recoveries	$	57	$	157
Effect of Foreign Exchange on Allowance for Credit losses	2		(8)
Allowance for Credit Losses, Ending Balance	$	(936)	$	(642)

Schedule of Goodwill

A summary of changes in the Company’s goodwill is as follows (amounts in thousands):


	Goodwill
	Distribution		Service		Total
Net Book Value as of March 28, 2026	$	59,999	$	158,186	$	218,185
Additions	2,696		6,289		8,985
Currency Translation Adjustment	(54)		(308)		(362)
Net Book Value as of June 27, 2026	$	62,641	$	164,167	$	226,808

Schedule of Intangible Assets

The gross carrying amount and accumulated amortization of Transcat's acquired identifiable intangible assets as of June 27, 2026 were as follows (in thousands):


	Gross Carrying Amount		Accumulated Amortization		Total
Customer Base	$	122,781	$	(49,878)	$	72,902
Covenant not to Compete	3,605		(3,349)		257
Tradenames/Trademarks	6,740		(1,725)		5,015
Other	905		(885)		20
Intangible Assets, net	$	134,031	$	(55,837)	$	78,194

The gross carrying amount and accumulated amortization of Transcat's acquired identifiable intangible assets as of March 28, 2026 were as follows (in thousands):


	Gross Carrying Amount		Accumulated Amortization		Total
Customer Base	$	118,844	$	(46,859)	$	71,985
Covenant not to Compete	3,611		(3,258)		353
Tradenames/Trademarks	6,740		(1,396)		5,344
Other	905		(881)		24
Intangible Assets, net	$	130,100	$	(52,394)	$	77,706

Schedule of Amortization Expense Relating to Intangible Assets

Amortization expense relating to intangible assets is expected to be (amounts in thousands):


Fiscal Year	Amount
Nine months remaining in 2027	$	9,955
2028	11,861
2029	10,464
2030	9,175
2031	7,873
Thereafter	28,866
Total	$	78,194

Schedule of Other Current and Non-Current Liabilities

A summary of other current and non-current liabilities is as follows (amounts in thousands):


	(Unaudited)		(Audited)
	June 27, 2026		March 28, 2026
Current Liabilities:
Accrued Payroll and Employee Benefits	$	5,049	$	5,938
Accrued Incentives	3,878		5,534
Current Portion of Lease Liabilities - Operating	4,402		4,107
Current Portion of Lease Liabilities - Financing	71		270
Accrued Acquisition Holdbacks	2,247		2,247
Accrued Sales Tax	549		609
Other Current Liabilities	1,919		2,992
Accrued Compensation and Other Current Liabilities	$	18,115	$	21,697

Non-Current Liabilities:
Postretirement Benefit Obligation	$	1,175	$	1,188
Other Liabilities	$	1,175	$	1,188

Schedule of Disaggregated Revenue

The following table presents a summary of the Company's net sales by revenue recognition method as a percentage of total net sales:


	% of Total Net Sales
	Three Months Ended
	June 27, 2026		June 28, 2025
Point-in-Time	82.9	%	85.1	%
Over Time - Output Method	17.1	%	14.9	%
Total	100.0	%	100.0	%

Schedule of Computation of Basic and Diluted Earnings Per Share

The average shares outstanding used to compute basic and diluted earnings per share are as follows (amounts in thousands):


	Three Months Ended
	June 27, 2026	June 28, 2025
Average Shares Outstanding – Basic	9,353	9,317
Effect of Dilutive Common Stock Equivalents	120	72
Average Shares Outstanding – Diluted	9,473	9,389
Anti-dilutive Common Stock Securities	81	79