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GENERAL (Tables) | 9 Months Ended
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Dec. 25, 2021
Accounting Policies [Abstract] |
Schedule of Weighted Average Number of Shares | For each of the third quarter of fiscal years 2022 and 2021, the net additional common stock equivalents had a ($0.01) effect on the calculation of diluted earnings per share. For the first nine months of each of fiscal year 2022 and 2021, the net additional common stock equivalents had a ($0.01) effect on the calculation of diluted earnings per share. The average shares outstanding used to compute basic and diluted earnings per share are as follows (amounts in thousands):
|  | Third Quarter Ended |  | Nine Months Ended
|  | December 25, |  | December 26, |  | December 25, |  | December 26,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Average Shares Outstanding – Basic |  | 7,519 |  | 7,437 |  | 7,487 |  | 7,415
Effect of Dilutive Common Stock Equivalents |  | 134 |  | 143 |  | 112 |  | 117
Average Shares Outstanding – Diluted |  | 7,653 |  | 7,580 |  | 7,599 |  | 7,532
Anti-dilutive Common Stock Equivalents |  | - |  | - |  | 100 |  | 30
Schedule of Goodwill and Intangible Assets | Intangible assets, namely customer base and covenants not to compete, represent an allocation of purchase price to identifiable intangible assets of an acquired business. The Company estimates the fair value of its reporting units using the fair market value measurement requirement. Intangible assets are evaluated for impairment when events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable. A summary of changes in the Company’s goodwill and intangible assets is as follows (in thousands):
|  | Goodwill |  | Intangible Assets
|  | Distribution | Service | Total |  | Distribution | Service | Total
Net Book Value as of March 27, 2021 |  | $ | 11,458 |  | $ | 31,814 |  | $ | 43,272 |  | $ | 920 |  | $ | 6,593 |  | $ | 7,513 |
Additions |  |  | - |  |  | 15,980 |  |  | 15,980 |  |  | - |  |  | 6,690 |  |  | 6,690 |
Amortization |  |  | - |  |  | - |  |  | - |  |  | (204 | ) |  | (2,492 | ) |  | (2,696 | )
Currency Translation Adjustment |  |  | - |  |  | (119 | ) |  | (119 | ) |  | - |  |  | (4 | ) |  | (4 | )
Net Book Value as of December 25, 2021 |  | $ | 11,458 |  | $ | 47,675 |  | $ | 59,133 |  | $ | 716 |  | $ | 10,787 |  | $ | 11,503 |

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- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 + Details
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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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