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Note 4 - Income Taxes (Tables)

12 Months Ended

Mar. 30, 2024

Notes Tables

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

		FY 2024				FY 2023				FY 2022
United States		$	15,064			$	9,879			$	10,417
Foreign			3,375				3,608				2,773
Total		$	18,439			$	13,487			$	13,190

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

		FY 2024				FY 2023				FY 2022
Current Tax Provision:
Federal		$	4,099			$	1,938			$	414
State			1,067				652				240
Foreign			1,185				395				752
		$	6,351			$	2,985			$	1,406
Deferred Tax (Benefit) Provision:
Federal		$	(809	)		$	(334	)		$	456
State			(316	)			(258	)			(10	)
Foreign			(434	)			406				(42	)
		$	(1,559	)		$	(186	)		$	404
Provision for Income Taxes		$	4,792			$	2,799			$	1,810

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

		FY 2024				(ETR)				FY 2023				FY 2022
Federal Income Tax at Statutory Rate		$	3,872				21.0	%		$	2,832			$	2,770
State Income Taxes, net of federal benefit			593				3.2	%			311				172
Federal, State and Foreign Tax Credits			(87	)			-0.5	%			(99	)			(182	)
Foreign Rate Differential			41				0.2	%			43				55
Tax Impact of Equity Awards			(634	)			-3.4	%			(416	)			(1,395	)
162(m) Limitation			805				4.4	%			-				-
Non-Deductible Acquisition Costs			71				0.4	%			6				206
GILTI and 78 Gross Up			112				0.6	%			83				161
Other, net			19				0.1	%			39				23
Total		$	4,792				26.0	%		$	2,799			$	1,810

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

		March 30,				March 25,
		2024				2023
Deferred Tax Assets:
Accrued Liabilities		$	399			$	362
Lease Liabilities			3,623				1,916
Performance-Based Stock Award Grants			1,094				720
Inventory Reserves			68				70
Non-Qualified Deferred Compensation Plan			12				62
Post-Retirement Health Care Plans			303				323
Stock-Based Compensation			897				570
Capitalized Inventory Costs			185				214
Other			270				314
Total Deferred Tax Assets		$	6,851			$	4,551
Deferred Tax Liabilities:
Goodwill and Intangible Assets		$	(5,945	)		$	(3,504	)
Right of Use Assets			(3,636	)			(1,957	)
Depreciation			(6,498	)			(5,462	)
Other			(63	)			(166	)
Total Deferred Tax Liabilities		$	(16,142	)		$	(11,089	)
Net Deferred Tax Liabilities		$	(9,291	)		$	(6,538	)

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 income before income tax between domestic and foreign jurisdictions.

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