XML 24 R14.htm IDEA: XBRL DOCUMENT v3.25.0.1
Note 6 - Sale of Assets
9 Months Ended
Dec. 28, 2024
Notes to Financial Statements  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE 6  SALE OF ASSETS

 

On October 30, 2024, the Company entered into an asset purchase agreement with Wiscale, LLC, a Wisconsin limited liability company and subsidiary of Nesnah Ventures, LLC (the “Purchaser”), pursuant to which the Company sold the assets, and certain liabilities, of the Company’s United Scale & Engineering division which is engaged in the business of selling, renting and servicing weighing systems, scales and balances, including truck scales, and related parts to the Purchaser. The aggregate consideration received by the Company for the sale was $1.1 million, subject to customary closing adjustments.  A gain of $0.8 million was recorded in the third quarter of fiscal year 2025 as a component of Other Income in the Consolidated Statement of Income.