XML 22 R12.htm IDEA: XBRL DOCUMENT v3.7.0.1

(7) Line of Credit and Equipment Lease Facility Agreements	3 Months Ended
	Jul. 01, 2017
Commitments and Contingencies Disclosure [Abstract]
(7) Line of Credit and Equipment Lease Facility Agreements	(7)        Line of Credit and Equipment Lease Facility Agreements In June 2017, the Company renewed its revolving line of credit line with Santander Bank for $1.5 million.  The agreement matures at the end of May 2018.  The LOC is secured by the accounts receivable and other assets of the Company, has an interest rate of prime plus 100 basis points. Under the terms of the agreement, the Company is required to maintain its operating accounts with Santander Bank. The Company is also subject to certain financial covenants.  These include a minimum cash balance of $1.5 million at July 1, 2017 and specific earnings levels, targeted current ratios and targeted debt to tangible net worth ratios at the end of subsequent quarters.  At July 1, 2017, the Company was in compliance with all existing covenants.  Also, at July 1, 2017 the Company had no borrowings under this LOC and its borrowing base at the time would have permitted $1.456 million to have been borrowed.

X

- References

No definition available.

+ Details

Name:	us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-URI http://asc.fasb.org/topic&trid=2144648

+ Details

Name:	us-gaap_CommitmentsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration