Concentrations of Credit Risk

3 Months Ended

Jul. 02, 2011

Concentrations of Credit Risk

Concentrations of Credit Risk

8. Concentrations of Credit Risk

Financial instruments which potentially subject the Company to concentrations of credit risk consist primarily of trade receivables or other financial instruments with a variety of customers and cash deposited with financial institutions.

Concentrations of credit risk, with respect to accounts receivable and other financial instruments, are limited because a large number of geographically diverse customers make up the Company’s customer base, thus spreading the trade credit risk.  The Company controls credit risk through credit approvals, credit limits and monitoring procedures.  The Company performs ongoing credit evaluations of its customers, but generally does not require collateral to support accounts receivable.

The Company, at various times during the year, maintained a cash balance with a financial institution in excess of the Federal Deposit Insurance Corporation’s (FDIC) insured limit of $250.  As of the quarter ended July 2, 2011 and the fiscal year ended April 2, 2011, the Company had $693 and $1,117, respectively, of cash in excess of the federally insured amount.