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Note 4 - Income Taxes (Tables)

12 Months Ended

Mar. 25, 2023

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

		FY 2023				FY 2022				FY 2021
United States		$	9,879			$	10,417			$	9,187
Foreign			3,608				2,773				795
Total		$	13,487			$	13,190			$	9,982

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		FY 2023				FY 2022				FY 2021
Current Tax Provision:
Federal		$	1,938			$	414			$	1,449
State			652				240				428
Foreign			395				752				103
		$	2,985			$	1,406			$	1,980
Deferred Tax (Benefit) Provision:
Federal		$	(334	)		$	456			$	96
State			(258	)			(10	)			(22	)
Foreign			406				(42	)			137
		$	(186	)		$	404			$	211
Provision for Income Taxes		$	2,799			$	1,810			$	2,191

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		FY 2023				FY 2022				FY 2021
Federal Income Tax at Statutory Rate		$	2,832			$	2,770			$	2,096
State Income Taxes, net of federal benefit			311				172				282
Foreign Taxes and Federal, State and Foreign Tax Credits			(56	)			(127	)			9
Tax Impact of Equity Awards			(416	)			(1,395	)			(274	)
Non-Deductible Acquisition Costs			6				206				-
GILTI and 78 Gross Up			83				161				-
Other, net			39				23				78
Total		$	2,799			$	1,810			$	2,191

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		March 25,				March 26,
		2023				2022
Deferred Tax Assets:
Accrued Liabilities		$	362			$	384
Lease Liabilities			1,916				2,622
Performance-Based Stock Award Grants			720				443
Inventory Reserves			70				100
Non-Qualified Deferred Compensation Plan			62				92
Post-Retirement Health Care Plans			323				333
Stock-Based Compensation			570				225
Capitalized Inventory Costs			214				158
Other			314				233
Total Deferred Tax Assets		$	4,551			$	4,590
Deferred Tax Liabilities:
Goodwill and Intangible Assets		$	(3,504	)		$	(3,812	)
Right of Use Assets			(1,957	)			(2,623	)
Depreciation			(5,462	)			(4,767	)
Other			(166	)			(112	)
Total Deferred Tax Liabilities		$	(11,089	)		$	(11,314	)
Net Deferred Tax Liabilities		$	(6,538	)		$	(6,724	)

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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