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Note 6 - Legal Settlement | 9 Months Ended
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Dec. 28, 2014
Notes to Financial Statements |
Commitments and Contingencies Disclosure [Text Block] | N ote 6 – Legal Settlement BreathableBaby, LLC (“BreathableBaby”) filed a complaint against the Company and CCIP on January 11, 2012 in the United States District Court for the District of Minnesota, which alleged that CCIP’s mesh crib liner infringed upon BreathableBaby’s patent rights relating to its air permeable infant bedding technology. During the three-month period ended September 28, 2014, the Company recorded a charge of $850,000 in connection with a then-preliminary agreement that had been reached with BreathableBaby to settle this matter. The Company and BreathableBaby reached a final settlement on December 5, 2014 under the terms of which the Company now manufactures and sells a redesigned mesh crib liner product. The Company also made a one-time payment of $850,000 to BreathableBaby on December 11, 2014 in connection with the settlement, which amount had previously been recognized as disclosed above. The recognition of the $850,000 charge, which has been classified as legal expense in the accompanying unaudited consolidated statements of income, had the effect of reducing, on an after-tax basis, the Company’s net income for the nine-month period ended December 28, 2014 by approximately $530,000, or $0.05 per diluted share.

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