Cash and Cash Equivalents

3 Months Ended

Jul. 02, 2011

Cash and Cash Equivalents

Cash and Cash Equivalents

3. Cash and Cash Equivalents

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.  The Company’s cash management system allows the Company to fund outstanding checks when presented to the financial institution for payment resulting in book overdrafts.  Book overdrafts are recorded in accounts payable in the consolidated balance sheets and changes are reflected as a financing activity in the consolidated statements of cash flows.  As of July 2, 2011 and April 2, 2011, the Company had book overdrafts of $8,233 and $5,007, respectively.