10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☑      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2013

☐     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____to_____

Commission File No. 1-7604

Crown Crafts, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware	58-0678148
(State or other jurisdiction of incorporation)	(IRS Employer Identification No.)
916 South Burnside Avenue, Gonzales, LA	70737
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (225) 647-9100

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     Yes ☑     No ☐

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the Registrant was required to submit and post such files).  Yes ☑ No ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one)

Large accelerated filer ☐                         Accelerated filer ☐                       Non-Accelerated filer ☐                       Smaller Reporting Company ☑

(Do not check if a smaller reporting company)

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

The number of shares of common stock, $0.01 par value, of the registrant outstanding as of August 6, 2013 was 9,838,601.

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CROWN CRAFTS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

JUNE 30, 2013 AND MARCH 31, 2013

(amounts in thousands, except share and per share amounts)

	June 30, 2013
	(Unaudited)			March 31, 2013
ASSETS
Current assets:
Cash and cash equivalents	$	2,890		$	340
Accounts receivable (net of allowances of $411 at June 30, 2013 and $349 at March 31, 2013):
Due from factor		14,577			21,431
Other		319			293
Inventories		15,117			10,930
Prepaid expenses		1,999			2,073
Deferred income taxes		169			160
Total current assets		35,071			35,227
Property, plant and equipment - at cost:
Vehicles		193			193
Land, buildings and leasehold improvements		216			216
Machinery and equipment		2,675			2,656
Furniture and fixtures		743			743
Property, plant and equipment - gross		3,827			3,808
Less accumulated depreciation		3,146			3,070
Property, plant and equipment - net		681			738
Finite-lived intangible assets - at cost:
Customer relationships		5,411			5,411
Other finite-lived intangible assets		7,613			7,643
Finite-lived intangible assets - gross		13,024			13,054
Less accumulated amortization		7,201			7,064
Finite-lived intangible assets - net		5,823			5,990
Goodwill		1,126			1,126
Deferred income taxes		995			1,005
Other		77			77
Total Assets	$	43,773		$	44,163
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	6,459		$	7,376
Accrued wages and benefits		1,550			1,375
Accrued royalties		1,385			971
Dividends payable		786			786
Income taxes currently payable		505			710
Other accrued liabilities		104			133
Total current liabilities		10,789			11,351
Commitments and contingencies		-			-
Shareholders' equity:
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at June 30, 2013 and March 31, 2013; Issued 11,706,022 shares at June 30, 2013 and 11,696,022 shares at March 31, 2013		117			117
Additional paid-in capital		46,410			46,219
Treasury stock - at cost - 1,877,192 shares at June 30, 2013 and 1,868,003 shares at March 31, 2013		(7,745	)		(7,690	)
Accumulated deficit		(5,798	)		(5,834	)
Total shareholders' equity		32,984			32,812
Total Liabilities and Shareholders' Equity	$	43,773		$	44,163

See notes to unaudited condensed consolidated financial statements.

1

CROWN CRAFTS, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME

FOR THE THREE-MONTH PERIODS ENDED JUNE 30, 2013 AND JULY 1, 2012

(amounts in thousands, except per share amounts)

	Three-Month Periods Ended
	June 30, 2013			July 1, 2012
Net sales	$	16,613		$	17,453
Cost of products sold		12,119			13,028
Gross profit		4,494			4,425
Legal expenses		259			124
Other marketing and administrative expenses		2,911			2,861
Income from operations		1,324			1,440
Other income (expense):
Interest expense		(21	)		(19	)
Interest income		9			7
Other - net		(3	)		-
Income before income tax expense		1,309			1,428
Income tax expense		487			531
Net income	$	822		$	897
Weighted average shares outstanding:
Basic		9,828			9,725
Effect of dilutive securities		12			77
Diluted		9,840			9,802
Earnings per share:
Basic	$	0.08		$	0.09
Diluted	$	0.08		$	0.09
Dividends declared per share	$	0.08		$	-

See notes to unaudited condensed consolidated financial statements.

2

CROWN CRAFTS, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE THREE-MONTH PERIODS ENDED JUNE 30, 2013 AND JULY 1, 2012

(amounts in thousands)

	Three-Month Periods Ended
	June 30, 2013			July 1, 2012
Operating activities:
Net income	$	822		$	897
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant and equipment		76			55
Amortization of intangibles		183			187
Deferred income taxes		1			52
Stock-based compensation		193			147
Tax shortfall from stock-based compensation		(4	)		(58	)
Changes in assets and liabilities:
Accounts receivable		6,828			5,158
Inventories		(4,187	)		(2,680	)
Prepaid expenses		74			318
Other assets		-			5
Accounts payable		(917	)		(153	)
Accrued liabilities		306			200
Net cash provided by operating activities		3,375			4,128
Investing activities:
Capital expenditures for property, plant and equipment		(19	)		(37	)
Capitalized costs of internally developed intangible assets		(16	)		(253	)
Net cash used in investing activities		(35	)		(290	)
Financing activities:
Repayments under revolving line of credit		(9,947	)		(9,755	)
Borrowings under revolving line of credit		9,947			9,755
Purchase of treasury stock		(55	)		(1,002	)
Issuance of common stock		51			798
Excess tax benefit from stock-based compensation		-			100
Dividends paid		(786	)		(387	)
Net cash used in financing activities		(790	)		(491	)
Net increase in cash and cash equivalents		2,550			3,347
Cash and cash equivalents at beginning of period		340			214
Cash and cash equivalents at end of period	$	2,890		$	3,561
Supplemental cash flow information:
Income taxes paid, net of refunds received	$	705		$	104
Interest paid, net of interest received		12			11
Noncash financing activity:
Dividends declared but unpaid		(786	)		(780	)

See notes to unaudited condensed consolidated financial statements.

3

CROWN CRAFTS, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE-MONTH PERIODS ENDED JUNE 30, 2013 AND JULY 1, 2012

Note 1 – Summary of Significant Accounting Policies

Basis of Presentation: The accompanying unaudited consolidated financial statements include the accounts of Crown Crafts, Inc. (the “Company”) and its subsidiaries and have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) applicable to interim financial information as promulgated by the Financial Accounting Standards Board (“FASB”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and disclosures required by GAAP for complete financial statements. References herein to GAAP are to topics within the FASB Accounting Standards Codification (the “FASB ASC”), which the FASB periodically revises through the issuance of an Accounting Standards Update (“ASU”) and which has been established by the FASB as the authoritative source for GAAP recognized by the FASB to be applied by nongovernmental entities. In the opinion of management, these interim consolidated financial statements contain all adjustments necessary to present fairly the financial position of the Company as of June 30, 2013 and the results of its operations and cash flows for the periods presented. Such adjustments include normal, recurring accruals, as well as the elimination of all significant intercompany balances and transactions. Operating results for the three-month period ended June 30, 2013 are not necessarily indicative of the results that may be expected by the Company for its fiscal year ending March 30, 2014. For further information, refer to the Company’s consolidated financial statements and notes thereto included in the Company’s annual report on Form 10-K for the fiscal year ended March 31, 2013.

Reclassifications: The Company has reclassified certain prior year information to conform to the amounts presented in the current year. None of the changes impact the Company’s previously reported financial position or results of operations.

Fiscal Year: The Company’s fiscal year ends on the Sunday that is nearest to or on March 31. References herein to “fiscal year 2014” or “2014” represent the 52-week period ending March 30, 2014 and references herein to “fiscal year 2013” or “2013” represent the 52-week period ended March 31, 2013.

Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the consolidated balance sheets and the reported amounts of revenues and expenses during the periods presented on the consolidated statements of income and cash flows. Significant estimates are made with respect to the allowances related to accounts receivable for customer deductions for returns, allowances and disputes. The Company also has a certain amount of discontinued finished goods which necessitates the establishment of inventory reserves and allocates indirect costs to inventory based on an estimated percentage of the supplier purchase price, each of which is highly subjective. Actual results could differ from those estimates.

Cash and Cash Equivalents: The Company considers highly-liquid investments, if any, purchased with original maturities of three months or less to be cash equivalents. The Company’s credit facility consists of a revolving line of credit under a financing agreement with The CIT Group/Commercial Services, Inc. (“CIT”), a subsidiary of CIT Group, Inc. The Company classifies a negative balance outstanding under this revolving line of credit as cash, as these amounts are legally owed to the Company and are immediately available to be drawn upon by the Company.

Financial Instruments:     For short-term instruments such as cash and cash equivalents, accounts receivable and accounts payable, the Company uses carrying value as a reasonable estimate of the fair value.

Segment and Related Information: The Company operates primarily in one principal segment, infant, toddler and juvenile products. These products consist of infant and toddler bedding, bibs, soft bath products, disposable products and accessories. Net sales of bedding, blankets and accessories and net sales of bibs, bath and disposable products for the three-month periods ended June 30, 2013 and July 1, 2012 are as follows (in thousands):

	Three-Month Periods Ended
	June 30, 2013		July 1, 2012
Bedding, blankets and accessories	$	11,298	$	12,213
Bibs, bath and disposable products		5,315		5,240
Total net sales	$	16,613	$	17,453

4

Advertising Costs: The Company’s advertising costs are primarily associated with cooperative advertising arrangements with certain of the Company’s customers and are recognized using the straight-line method based upon aggregate annual estimated amounts for those customers, with periodic adjustments to the actual amounts of authorized agreements. Advertising expense is included in marketing and administrative expenses in the accompanying consolidated statements of income and amounted to $221,000 and $309,000 for the three-month periods ended June 30, 2013 and July 1, 2012, respectively.

Revenue Recognition: Sales are recorded when goods are shipped to customers and are reported net of allowances for estimated returns and allowances in the accompanying consolidated statements of income. Allowances for returns are estimated based on historical rates. Allowances for returns, cooperative advertising allowances, warehouse allowances, placement fees and volume rebates are recorded commensurate with sales activity or using the straight-line method, as appropriate, and the cost of such allowances is netted against sales in reporting the results of operations. Shipping and handling costs, net of amounts reimbursed by customers, are not material and are included in net sales.

Allowances Against Accounts Receivable: The Company’s allowances against accounts receivable are primarily contractually agreed-upon deductions for items such as cooperative advertising and warehouse allowances, placement fees and volume rebates. These deductions are recorded throughout the year commensurate with sales activity or using the straight-line method, as appropriate. Funding of the majority of the Company’s allowances occurs on a per-invoice basis. The allowances for customer deductions, which are netted against accounts receivable in the consolidated balance sheets, consist of agreed upon advertising support, placement fees, markdowns and warehouse and other allowances. All such allowances are recorded as direct offsets to sales, and such costs are accrued commensurate with sales activities or as a straight-line amortization charge of an agreed-upon fixed amount, as appropriate to the circumstances for each such arrangement. When a customer requests deductions, the allowances are reduced to reflect such payments or credits issued against the customer’s account balance. The Company analyzes the components of the allowances for customer deductions monthly and adjusts the allowances to the appropriate levels. The timing of funding requests for advertising support can cause the net balance in the allowance account to fluctuate from period to period. The timing of such funding requests should have no impact on the consolidated statements of income since such costs are accrued commensurate with sales activity or using the straight-line method, as appropriate.

To reduce the exposure to credit losses and to enhance the predictability of its cash flows, the Company assigns the majority of its trade accounts receivable under factoring agreements with CIT. In the event a factored receivable becomes uncollectible due to creditworthiness, CIT bears the risk of loss. The Company’s management must make estimates of the uncollectibility of its non-factored accounts receivable to evaluate the adequacy of the Company’s allowance for doubtful accounts, which is accomplished by specifically analyzing accounts receivable, historical bad debts, customer concentrations, customer creditworthiness, current economic trends and changes in its customers’ payment terms. The Company’s accounts receivable as of June 30, 2013 was $14.9 million, net of allowances of $411,000. Of this amount, $14.6 million was due from CIT under the factoring agreements, and $2.9 million was due from CIT as a negative balance outstanding under the revolving line of credit, which combined amount represents the maximum loss that the Company could incur if CIT failed completely to perform its obligations under the factoring agreements and the revolving line of credit.

Depreciation and Amortization: The accompanying consolidated balance sheets reflect property, plant and equipment, and certain intangible assets at cost less accumulated depreciation or amortization. The Company capitalizes additions and improvements and expenses maintenance and repairs as incurred. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets, which are three to eight years for property, plant and equipment, and one to sixteen years for intangible assets other than goodwill. The Company amortizes improvements to its leased facilities over the term of the lease or the estimated useful life of the asset, whichever is shorter.

Valuation of Long-Lived Assets and Identifiable Intangible Assets: In addition to the depreciation and amortization procedures set forth above, the Company reviews for impairment long-lived assets and certain identifiable intangible assets whenever events or changes in circumstances indicate that the carrying amount of any asset may not be recoverable. In the event of impairment, the asset is written down to its fair market value.

Patent Costs: The Company incurs certain legal and associated costs in connection with its patent applications and litigation related to the protection or defense of its patents and the Company’s products associated with its patents. The Company capitalizes such costs to be amortized over the expected life of the patent to the extent that an economic benefit is anticipated from the resulting patent or an alternative future use for the underlying product is available to the Company and, in the case of litigation, when a successful outcome is probable. Capitalized patent defense costs are amortized over the remaining expected life of the related patent. Each of the Company’s assessments of the future economic benefit of its patents and its evaluation of the probability of a successful outcome of litigation associated with its patents involves considerable management judgment, and a different conclusion could result in a material impairment charge amounting to the carrying value of these assets.

5

Royalty Payments: The Company has entered into agreements that provide for royalty payments based on a percentage of sales with certain minimum guaranteed amounts. These royalties are accrued based upon historical sales rates adjusted for current sales trends by customers. Royalty expense is included in cost of sales in the accompanying consolidated statements of income and amounted to $1.5 million for each of the three-month periods ended June 30, 2013 and July 1, 2012.

Inventory Valuation: The preparation of the Company's financial statements requires careful determination of the appropriate dollar amount of the Company's inventory balances. Such amount is presented as a current asset in the accompanying consolidated balance sheets and is a direct determinant of cost of goods sold in the accompanying consolidated statements of income and, therefore, has a significant impact on the amount of net income in the accounting periods reported. The basis of accounting for inventories is cost, which includes the direct supplier acquisition cost, duties, taxes and freight, and the indirect costs incurred to design, develop, source and store the product until it is sold. Once cost has been determined, the Company’s inventory is then stated at the lower of cost or market, with cost determined using the first-in, first-out ("FIFO") method, which assumes that inventory quantities are sold in the order in which they are acquired.

The indirect costs allocated to inventory are done so as a percentage of projected annual supplier purchases and can impact the Company’s results of operations as purchase volume fluctuates from quarter to quarter and year to year. The difference between indirect costs incurred and the indirect costs allocated to inventory creates a burden variance, which is generally favorable when actual inventory purchases exceed planned inventory purchases, and is generally unfavorable when actual inventory purchases are lower than planned inventory purchases. While the burden variance can be significant during interim periods, it is generally not material by the end of each fiscal year. The determination of the indirect charges and their allocation to the Company's finished goods inventories is complex and requires significant management judgment and estimates. If management made different judgments or utilized different estimates, then differences would result in the valuation of the Company's inventories, the amount and timing of the Company's cost of goods sold and the resulting net income for any accounting period.

On a periodic basis, management reviews the Company’s inventory quantities on hand for obsolescence, physical deterioration, changes in price levels and the existence of quantities on hand which may not reasonably be expected to be sold within the normal operating cycle of the Company's operations. To the extent that any of these conditions is believed to exist or the market value of the inventory expected to be realized in the ordinary course of business is otherwise no longer as great as its carrying value, an allowance against the inventory value is established. To the extent that this allowance is established or increased during an accounting period, an expense is recorded in cost of goods sold in the Company's consolidated statements of income. Only when inventory for which an allowance has been established is later sold or is otherwise disposed of is the allowance reduced accordingly. Significant management judgment is required in determining the amount and adequacy of this allowance. In the event that actual results differ from management's estimates or these estimates and judgments are revised in future periods, the Company may not fully realize the carrying value of its inventory or may need to establish additional allowances, either of which could materially impact the Company's financial position and results of operations.

Provision for Income Taxes: The Company’s provision for income taxes includes all currently payable federal, state, local and foreign taxes and is based upon the Company’s estimated annual effective tax rate, which is based on the Company’s forecasted annual pre-tax income, as adjusted for certain expenses within the consolidated statements of income that will never be deductible on the Company’s tax returns and certain charges expected to be deducted on the Company’s tax returns that will never be deducted on the consolidated statements of income, multiplied by the statutory tax rates for the various jurisdictions in which the Company operates and reduced by certain anticipated tax credits. The Company provides for deferred income taxes based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates that will be in effect when the differences are expected to reverse. The Company’s policy is to recognize the effect that a change in enacted tax rates would have on net deferred income tax assets and liabilities in the period that the tax rates are changed.

The Company files income tax returns in the many jurisdictions within which it operates, including the U.S., several U.S. states and the People’s Republic of China. The statute of limitations for the Company’s filed income tax returns varies by jurisdiction; tax years open to federal or state general examination or other adjustment as of June 30, 2013 were the fiscal years ended March 28, 2010, April 3, 2011, April 1, 2012 and March 31, 2013, as well as the fiscal year ended March 29, 2009 for several states.

Earnings Per Share: The Company calculates basic earnings per share by using a weighted average of the number of shares outstanding during the reporting periods. Diluted shares outstanding are calculated in accordance with the treasury stock method, which assumes that the proceeds from the exercise of all exercisable options would be used to repurchase shares at market value. The net number of shares issued after the exercise proceeds are exhausted represents the potentially dilutive effect of the options, which are added to basic shares to arrive at diluted shares.

6

Note 2 – Goodwill, Customer Relationships and Other Intangible Assets

Goodwill: Goodwill represents the excess of the purchase price over the fair value of net identifiable assets acquired in business combinations. The goodwill of the reporting units of the Company as of June 30, 2013 and March 31, 2013 amounted to $24.0 million, and is reflected in the accompanying consolidated balance sheets net of accumulated impairment charges of $22.9 million, for a net reported balance of $1.1 million.

The company tests the fair value of the goodwill, if any, within its reporting units annually as of the first day of the Company’s fiscal year. An additional interim impairment test is performed during the year whenever an event or change in circumstances occurs that suggests that the fair value of the goodwill of either of the reporting units of the Company has more likely than not (defined as having a likelihood of greater than 50%) fallen below its carrying value. The annual or interim impairment test is performed by first assessing qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If such qualitative factors so indicate, then the impairment test is continued in a two-step approach. The first step is the estimation of the fair value of each reporting unit to ensure that its fair value exceeds its carrying value. If step one indicates that a potential impairment exists, then the second step is performed to measure the amount of an impairment charge, if any. In the second step, these estimated fair values are used as the hypothetical purchase price for the reporting units, and an allocation of such hypothetical purchase price is made to the identifiable tangible and intangible assets and assigned liabilities of the reporting units. The impairment charge is calculated as the amount, if any, by which the carrying value of the goodwill exceeds the implied amount of goodwill that results from this hypothetical purchase price allocation.

The annual impairment test of the fair value of the goodwill of the reporting units of the Company was performed as of April 1, 2013, and the Company concluded that the fair value of the goodwill of the Company’s reporting units substantially exceeded their carrying values as of that date.

Other Intangible Assets: Other intangible assets at June 30, 2013 consisted primarily of the fair value of net identifiable assets acquired in business combinations, other than tangible assets and goodwill. The carrying amount and accumulated amortization of the Company’s other intangible assets as of June 30, 2013, their weighted average estimated useful life, the amortization expense for the three-month periods ended June 30, 2013 and July 1, 2012 and the classification of such amortization expense within the accompanying consolidated statements of income are as follows (in thousands):

			Weighted
			Average
			Estimated
			Useful				Amortization Expense
	Carrying		Life		Accumulated		Three-Month Periods Ended
	Amount		(Years)		Amortization		June 30, 2013		July 1, 2012
Tradename and trademarks	$	1,987		15	$	569	$	33	$	33
Licenses and designs		3,571		3		3,571		2		2
Non-compete covenants		454		7		350		14		14
Patents		553		10		171		14		14
Customer relationships		5,411		12		2,540		120		121
Internally developed intangible assets		1,048		-		-		-		3
Total other intangible assets	$	13,024		9	$	7,201	$	183	$	187

Classification within the accompanying consolidated statements of income:
Cost of products sold	$	16	$	16
Marketing and administrative expenses		167		171
Total amortization expense	$	183	$	187

7

Note 3 – Financing Arrangements

Factoring Agreements:     The Company assigns the majority of its trade accounts receivable to CIT under factoring agreements whose expiration dates are coterminous with that of the financing agreement described below. Under the terms of the factoring agreements, CIT remits customer payments to the Company as such payments are received by CIT.

CIT bears credit losses with respect to assigned accounts receivable from approved customers that are within approved credit limits, while the Company bears the responsibility for adjustments from customers related to returns, allowances, claims and discounts. CIT may at any time terminate or limit its approval of shipments to a particular customer. If such a termination were to occur, the Company must either assume the credit risk for shipments after the date of such termination or limitation or cease shipments to such customer. Factoring fees, which are included in marketing and administrative expenses in the accompanying consolidated statements of income, were $85,000 and $95,000 for the three-month periods ended June 30, 2013 and July 1, 2012, respectively. There were no advances from the factor at either June 30, 2013 or March 31, 2013.

Credit Facility:     The Company’s credit facility at June 30, 2013 consisted of a revolving line of credit under a financing agreement with CIT of up to $26.0 million, which includes a $1.5 million sub-limit for letters of credit, with an interest rate of prime plus 1.00% or LIBOR plus 3.00% and secured by a first lien on all assets of the Company. As of June 30, 2013, the Company had elected to pay interest on balances owed under the revolving line of credit, if any, under the LIBOR option. The financing agreement also provides for the payment by CIT to the Company of interest at the rate of prime minus 1%, which was 2.25% at June 30, 2013, on daily cash balances held at CIT.

Under the financing agreement, a fee is assessed based on 0.25% of the average unused portion of the $26.0 million revolving line of credit, less any outstanding letters of credit (the “Commitment Fee”). The Commitment Fee amounted to $16,000 for each of the three-month periods ended June 30, 2013 and July 1, 2012. As of June 30, 2013, there was no balance owed on the revolving line of credit, there was no letter of credit outstanding and the Company had $20.7 million available under the revolving line of credit based on its eligible accounts receivable and inventory balances.

The financing agreement was scheduled to mature on July 11, 2013. On May 21, 2013, the financing agreement was amended to extend its maturity date to July 11, 2016 and to provide for certain other modifications, including, effective as of July 11, 2013, (i) a reduction of the interest rates on the revolving line of credit to prime minus 0.50% or LIBOR plus 2.00%, (ii) a reduction of the Commitment Fee to 0.125% of the average unused portion of the revolving line of credit and (iii) a reduction of the interest rate on daily cash balances held at CIT to prime minus 2.00%.

The financing agreement for the revolving line of credit contains usual and customary covenants for agreements of that type, including limitations on other indebtedness, liens, transfers of assets, investments and acquisitions, merger or consolidation transactions, transactions with affiliates and changes in or amendments to the organizational documents for the Company and its subsidiaries. The Company was in compliance with these covenants as of June 30, 2013.

8

Note 4 – Inventories

Major classes of inventory were as follows (in thousands):

	June 30, 2013		March 31, 2013
Raw Materials	$	47	$	43
Finished Goods		15,070		10,887
Total inventory	$	15,117	$	10,930

Note 5 – Stock-based Compensation

The Company has adopted an incentive stock plan (the “Plan”) that is intended to attract and retain directors, officers and employees of the Company and to motivate and reward these individuals with long-term, equity-based incentive compensation, which the Company believes will lead to the achievement of the Company’s overall goal of increasing stockholder value. Awards granted under the Plan may be in the form of qualified or non-qualified stock options, restricted stock, stock appreciation rights, long-term incentive compensation units consisting of a combination of cash and shares of the Company’s common stock, or any combination thereof within the limitations set forth in the Plan. The Plan is administered by the compensation committee of the Company’s Board of Directors (the “Board”), which selects eligible employees and non-employee directors to participate in the Plan and determines the type, amount, duration and other terms of individual awards. At June 30, 2013, 423,750 shares of the Company’s common stock were available for future issuance under the Plan.

Stock-based compensation is calculated according to FASB ASC Topic 718, Compensation – Stock Compensation, which requires stock-based compensation to be accounted for using a fair-value-based measurement. The Company recorded $193,000 and $147,000 of stock-based compensation expense during the three-month periods ended June 30, 2013 and July 1, 2012, respectively. The Company records the compensation expense related to stock-based awards granted to individuals in the same expense classifications as the cash compensation paid to those same individuals. No stock-based compensation costs have been capitalized as part of the cost of an asset as of June 30, 2013.

Stock Options: The following table represents stock option activity for the three-month periods ended June 30, 2013 and July 1, 2012:

	Three-Month Period Ended June 30, 2013					Three-Month Period Ended July 1, 2012
	Weighted-Average		Number of Options			Weighted-Average		Number of Options
	Exercise Price		Outstanding			Exercise Price		Outstanding
Outstanding at Beginning of Period	$	5.23		145,000		$	3.57		573,000
Granted		6.14		100,000			5.42		110,000
Exercised		5.12		(10,000	)		3.05		(261,250	)
Outstanding at End of Period		5.62		235,000			4.38		421,750
Exercisable at End of Period		5.13		85,000			3.86		261,750

The total intrinsic value of the stock options exercised during the three-month periods ended June 30, 2013 and July 1, 2012 was $9,000 and $645,000 respectively. As of June 30, 2013, the intrinsic value of the outstanding and exercisable stock options was $124,000 and $86,000, respectively.

The Company received no cash from the exercise of stock options during the three-month period ended June 30, 2013 and received cash in the amount of $64,000 from the exercise of stock options during the three-month period ended July 1, 2012. Upon the exercise of stock options, participants may choose to surrender to the Company those shares from the option exercise necessary to satisfy the exercise amount and their income tax withholding obligations that arise from the option exercise. The effect on the cash flow of the Company from these “cashless” option exercises is that the Company remits cash on behalf of the participant to satisfy his or her income tax withholding obligations. The Company used cash of $4,000 and $268,000 to remit the required income tax withholding amounts from “cashless” option exercises during the three months ended June 30, 2013 and July 1, 2012, respectively. The Company’s net outflow of cash upon the exercise of stock options was $4,000 and $204,000 during the three-month periods ended June 30, 2013 and July 1, 2012, respectively.

To determine the estimated fair value of stock options granted, the Company uses the Black-Scholes-Merton valuation formula, which is a closed-form model that uses an equation to estimate fair value. The following table sets forth the assumptions used to determine the fair value, and the resulting grant-date fair value per option, of the non-qualified stock options which were awarded to certain employees during the three-month periods ended June 30, 2103 and July 1, 2012, which options vest over a two-year period, assuming continued service.

	Three-Month Periods Ended
	June 30, 2013			July 1, 2012
Options issued		100,000			110,000
Grant Date	June 14, 2013			June 13, 2012
Dividend yield		5.21	%		5.90	%
Expected volatility		35.00	%		65.00	%
Risk free interest rate		0.49	%		0.55	%
Contractual term (years)		10.00			10.00
Expected term (years)		3.00			4.00
Forfeiture rate		5.00	%		5.00	%
Exercise price (grant-date closing price)	$	6.14		$	5.42
Fair value	$	0.98		$	1.84

9

For the three-month periods ended June 30, 2013 and July 1, 2012, the Company recognized compensation expense associated with stock options as follows (in thousands):

	Three-Month Period Ended June 30, 2013						Three-Month Period Ended July 1, 2012
	Cost of		Marketing &				Cost of		Marketing &
	Products		Administrative		Total		Products		Administrative		Total
Options Granted in Fiscal Year	Sold		Expenses		Expense		Sold		Expenses		Expense
2011	$	-	$	-	$	-	$	14	$	13	$	27
2012		14		11		25		17		16		33
2013		14		14		28		2		3		5
2014		1		1		2		-		-		-
Total stock option compensation	$	29	$	26	$	55	$	33	$	32	$	65

As of June 30, 2013, total unrecognized stock option compensation expense amounted to $184,000, which will be recognized as the underlying stock options vest over a weighted-average period of 1.29 years. The amount of future stock option compensation expense could be affected by any future stock option grants and by the separation from the Company of any individual who has received stock options that are unvested as of such individual’s separation date.

Non-vested Stock: The Board granted 42,000 shares of non-vested stock with a fair value of $5.62 per share to the Company’s non-employee directors during the three-month period ended September 30, 2012, and granted 30,000 shares of non-vested stock to the Company’s non-employee directors during each of the three-month periods ended October 2, 2011 and September 26, 2010 with a weighted-average fair value per share of $4.44 and $4.36, respectively. These shares vest over a two-year period, assuming continued service. The fair value of the non-vested stock granted to the Company’s non-employee directors was based on the closing price of the Company’s common stock on the date of the grant.

During the three-month period ended June 27, 2010, the Board awarded 345,000 shares of non-vested stock to certain employees in a series of grants, each of which will vest only if (i) the closing price of the Company’s common stock is at or above certain target levels for any ten trading days out of any period of 30 consecutive trading days and (ii) the respective employees remain employed through July 29, 2015. The Company, with the assistance of an independent third party, determined that the aggregate grant date fair value of the awards amounted to $1.2 million.

Performance Bonus Plan: In July 2012, the Company implemented a performance bonus plan for certain executive officers that provides for awards of cash or shares of common stock, or a combination therof, in the event that the aggregate average market value of the common stock during the relevant fiscal year, plus the amount of cash dividends paid in respect of the common stock during such period, increases.

In connection with this performance bonus plan, subsequent to June 30, 2013, the Company granted to certain executive officers 17,048 shares of common stock with a value of $93,000 and a cash award of $258,000. Of the total compensation expense of $351,000, $155,000 was recognized during fiscal year 2013 and $196,000 will be recognized as compensation expense during fiscal year 2014. Although there are restrictions as to the subsequent transfer of the shares of stock awarded, ownership in the stock was vested upon issuance.

For the three-month periods ended June 30, 2013 and July 1, 2012, the Company recognized compensation expense associated with stock grants, which is included in marketing and administrative expenses in the accompanying consolidated statements of income, as follows (in thousands):

	Three-Month Period Ended June 30, 2013						Three-Month Period Ended July 1, 2012
			Non-employee		Total				Non-employee		Total
Stock Granted in Fiscal Year	Employees		Directors		Expense		Employees		Directors		Expense
2011	$	43	$	-	$	43	$	52	$	14	$	66
2012		-		17		17		-		16		16
2013		-		29		29		-		-		-
2014		49		-		49		-		-		-
Total stock grant compensation	$	92	$	46	$	138	$	52	$	30	$	82

As of June 30, 2013, total unrecognized compensation expense related to the Company’s non-vested stock grants amounted to $490,000, which will be recognized over the respective vesting terms associated with each of the blocks of non-vested stock grants indicated above, such grants having an aggregate weighted-average vesting term of 1.8 years. The amount of future compensation expense related to the Company’s non-vested stock grants could be affected by any future non-vested stock grants and by the separation from the Company of any individual who has received non-vested stock grants that remain non-vested as of such individual’s separation date.

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Note 6 – Contingencies

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, alleging that CCIP’s mesh crib liner infringes BreathableBaby’s patent rights relating to its air permeable infant bedding technology. The Company believes that it has meritorious defenses to the claims asserted in the complaint, and the Company intends to defend itself vigorously against all such claims. The Company and CCIP filed a motion for summary judgment of non-infringement on May 14, 2012. On July 25, 2012, the Court entered an order denying that motion without prejudice to refiling it at the close of discovery. In doing so, the Court did not rule on the merits of the Company’s motion, but instead determined that further discovery was required before a motion for summary judgment could be decided. Discovery accordingly was resumed; however, on August 6, 2013, upon becoming concerned that the costs of discovery and litigation were quickly surpassing the amount in controversy, the Court ordered a temporary stay of all discovery.

CCIP has filed an application for a patent related to its mesh crib liner with the United States Patent and Trademark Office (“USPTO”) and has capitalized $58,000 of costs associated with this patent application as of June 30, 2013. In addition, the Company’s policy is to capitalize legal and other costs incurred in the defense of the Company’s patents when it is believed that the future economic benefit of the patent will be maintained or increased and a successful defense is probable. In this regard, as of June 30, 2013, the Company capitalized legal and other costs in the amount of $990,000 associated with its defense of the BreathableBaby complaint into the intangible asset related to its own patent application for CCIP’s mesh crib liner. Upon the earlier of a grant of a patent by the USPTO or a favorable conclusion of the BreathableBaby litigation, the Company will commence amortization of the combined patent application costs and litigation costs associated with CCIP’s mesh crib liner over the expected life of the patent, to the extent that an economic benefit is anticipated from the patent or an alternative future use for the mesh crib liner is available to the Company. A different outcome of the BreathableBaby litigation could result in a material impairment charge up to the $1.0 million carrying value of CCIP’s mesh crib liner.

On March 27, 2013, an alleged California purchaser of a CCIP bedding set filed a complaint against the Company and CCIP in the Superior Court for the County of Riverside, California, purportedly on behalf of herself and similarly situated California consumers. The complaint generally alleges that CCIP’s crib bumper products put children at risk of suffocation or crib death and that the Company and CCIP concealed and failed to disclose these purported risks through allegedly false and misleading advertising and product packaging. The complaint does not allege that any child has actually been harmed by these products. The complaint alleges violations of various consumer protection laws in California. The purported class is defined in the complaint as “All California consumers who, within the applicable statute of limitations, purchased a Crown Craft [sic] crib bumper, either alone or as part of a bedding set.” The complaint seeks damages for the purported class in an unspecified amount, injunctive relief, restitution and disgorgement of all monies acquired by the Company and CCIP by means of any act or practice the Court finds to be unlawful, a Court-ordered corrective advertising campaign, and an award of plaintiffs’ attorneys fees and costs. On April 29, 2013, the Company and CCIP removed the case to the United States District Court for the Central District of California. The Company believes that it has meritorious defenses to the claims asserted in the complaint, and the Company intends to defend itself vigorously against all such claims.

In addition to the foregoing civil complaints, the Company is, from time to time, involved in various other legal and regulatory proceedings relating to claims arising in the ordinary course of its business. Neither the Company nor any of its subsidiaries is a party to any such proceeding the outcome of which, individually or in the aggregate, is expected to have a material adverse effect on the Company’s financial condition, results of operations or cash flows.

Note 7 – Subsequent Events

The Company has evaluated events which have occurred between June 30, 2013 and the date that the accompanying consolidated financial statements were issued, and has determined that disclosure has been made in the foregoing notes of material subsequent events requiring such disclosure.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The Company operates indirectly through its wholly-owned subsidiaries, CCIP and Hamco, Inc., in the infant, toddler and juvenile products segment within the consumer products industry. The infant and toddler products segment consists of infant and toddler bedding and blankets, bibs, soft bath products, disposable products and accessories. Sales of the Company’s products are generally made directly to retailers, which are primarily mass merchants, mid-tier retailers, juvenile specialty stores, value channel stores, grocery and drug stores, restaurants, internet accounts and wholesale clubs. The Company’s products are manufactured primarily in Asia and marketed under a variety of Company-owned trademarks, under trademarks licensed from others and as private label goods.

The Company’s products are marketed through a national sales force consisting of salaried sales executives and employees located in Compton, California; Gonzales, Louisiana; and Rogers, Arkansas. Products are also marketed by independent commissioned sales representatives located throughout the United States. Sales outside the United States are made primarily through distributors.

The Company maintains a foreign representative office in Shanghai, China for the coordination of production, purchases and shipments, seeking out new vendors and overseeing inspections for social compliance and quality.

The infant and toddler consumer products industry is highly competitive. The Company competes with a variety of distributors and manufacturers (both branded and private label), including large infant and juvenile product companies and specialty infant and juvenile product manufacturers, on the basis of quality, design, price, brand name recognition, service and packaging. The Company’s ability to compete depends principally on styling, price, service to the retailer and continued high regard for the Company’s products and trade names.

The following discussion is a summary of certain factors that management considers important in reviewing the Company’s results of operations, financial position, liquidity and capital resources. This discussion should be read in conjunction with the accompanying consolidated financial statements and related notes included elsewhere in this report.

RESULTS OF OPERATIONS

The following table contains results of operations for the three-month periods ended June 30, 2013 and July 1, 2012 and the dollar and percentage changes for those periods (in thousands, except percentages):

	Three-Month Periods Ended
	June 30, 2013			July 1, 2012			Change			Change
Net sales by category
Bedding, blankets and accessories	$	11,298		$	12,213		$	(915	)		-7.5	%
Bibs, bath and disposable products		5,315			5,240			75			1.4	%
Total net sales		16,613			17,453			(840	)		-4.8	%
Cost of products sold		12,119			13,028			(909	)		-7.0	%
Gross profit		4,494			4,425			69			1.6	%
% of net sales		27.1	%		25.4	%
Marketing and administrative expenses		3,170			2,985			185			6.2	%
% of net sales		19.1	%		17.1	%
Interest expense		21			19			2			10.5	%
Other income		6			7			(1	)		-14.3	%
Income tax expense		487			531			(44	)		-8.3	%
Net income		822			897			(75	)		-8.4	%
% of net sales		4.9	%		5.1	%

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Net Sales: Sales of $16.6 million were lower for the three-month period ended June 30, 2013 compared with the same period in the prior year, having decreased 4.8%, or $840,000. Sales were impacted by a challenging retail environment and a lower birth rate.

Gross Profit: In spite of the decrease in sales, gross profit increased in amount by $69,000, and as a percentage of net sales, from 25.4% to 27.1%, for the three-month period of fiscal year 2014 compared with the same period of fiscal year 2013, due primarily to lower reductions from gross sales to net sales based upon the customer mix in the current year as compared to the prior year. The Company also in the current year experienced a decline of $75,000 in costs associated with the Company’s rental of an auxiliary warehouse and distribution center, which the Company vacated and sublet late in fiscal year 2013.

Marketing and Administrative Expenses: Marketing and administrative expenses for the three months ended June 30, 2013 increased in amount and as a percentage of net sales as compared with the same period of fiscal year 2013 primarily due to an increase of $237,000 in overall compensation costs. The Company also in the current year experienced an increase of $135,000 in legal fees, primarily due to a $172,000 increase in legal fees in the current year associated with the Company's defense of two lawsuits. These increases were offset by a decrease in the current year of $88,000 in advertising costs as compared with the same period of the prior year.

Interest Expense and Income: The Company experienced slight variations in interest expense and income for the three months ended June 30, 2013 as compared with the same period in fiscal year 2013.

Income Tax Expense: The Company’s provision for income taxes is based upon an estimated annual effective tax rate of 37.2% for both fiscal years 2014 and 2013. Although the Company does not anticipate a material change to the effective tax rate for the balance of fiscal year 2014, several factors could impact the rate, including variations from the Company’s estimates of the amount and source of its pre-tax income, the amount of certain expenses that are not deductible for tax purposes and the amount of certain tax credits.

Inflation: The Company has traditionally attempted to increase its prices to offset inflationary increases in its raw materials and other costs, but there is no assurance that the Company will be successful in the future in implementing such price increases or in effecting such price increases in a manner that will provide a timely match to the cost increases.

FINANCIAL POSITION, LIQUIDITY AND CAPITAL RESOURCES

Net cash provided by operating activities decreased from $4.1 million to $3.4 million, for the three-month period ended June 30, 2013 compared with the three-month period ended July 1, 2012. The Company experienced in the current year a higher increase in inventories and a higher decrease in accounts payable, which was offset by a higher decrease in accounts receivable.

Net cash used in investing activities was $35,000 in the current year compared with $290,000 in the prior year. Investing activities in the prior year were primarily related to the capitalized costs of internally-developed intangible assets.

Net cash used in financing activities in the current year was $790,000 as compared with $491,000 in the prior year. The current year increase was primarily due to higher payments for dividends.

From July 1, 2012 to June 30, 2013, the Company’s cash balances decreased by $671,000. At June 30, 2013, there was no balance owed on the revolving line of credit, there was no letter of credit outstanding and the Company had $20.7 million available under the revolving line of credit based on its eligible accounts receivable and inventory balances.

The Company’s future performance is, to a certain extent, subject to general economic, financial, competitive, legislative, regulatory and other factors beyond its control. Based upon the current level of operations, the Company believes that its cash balance, its cash flow from operations and its availability from the revolving line of credit will be adequate to meet its liquidity needs.

13

To reduce its exposure to credit losses and to enhance the predictability of its cash flow, the Company assigns the majority of its trade accounts receivable to CIT under factoring agreements. Under the terms of the factoring agreements, CIT remits customer payments to the Company as such payments are received by CIT and bears credit losses with respect to assigned accounts receivable from approved customers that are within approved credit limits, while the Company bears the responsibility for adjustments from customers related to returns, allowances, claims and discounts. CIT may at any time terminate or limit its approval of shipments to a particular customer. If such a termination were to occur, the Company must either assume the credit risk for shipments after the date of such termination or limitation or cease shipments to such customer. Factoring fees, which are included in marketing and administrative expenses in the accompanying consolidated statements of income, were $85,000 and $95,000 for the three-month periods ended June 30, 2013 and July 1, 2012, respectively. There were no advances from the factor at either June 30, 2013 or March 31, 2013.

FORWARD-LOOKING INFORMATION

This report contains forward-looking statements within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Such statements are based upon management’s current expectations, projections, estimates and assumptions. Words such as “expects,” “believes,” “anticipates” and variations of such words and similar expressions identify such forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause future results to differ materially from those suggested by the forward-looking statements. These risks include, among others, general economic conditions, including changes in interest rates, in the overall level of consumer spending and in the price of oil, cotton and other raw materials used in the Company’s products, changing competition, changes in the retail environment, the level and pricing of future orders from the Company’s customers, the Company’s dependence upon third-party suppliers, including some located in foreign countries with unstable political situations, the Company’s ability to successfully implement new information technologies, customer acceptance of both new designs and newly-introduced product lines, actions of competitors that may impact the Company’s business, disruptions to transportation systems or shipping lanes used by the Company or its suppliers, and the Company’s dependence upon licenses from third parties. Reference is also made to the Company’s periodic filings with the SEC for additional factors that may impact the Company’s results of operations and financial condition. The Company does not undertake to update the forward-looking statements contained herein to conform to actual results or changes in the Company’s expectations, whether as a result of new information, future events or otherwise.

ITEM 4. CONTROLS AND PROCEDURES

The Company’s Chief Executive Officer and Chief Financial Officer have evaluated the effectiveness of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), as of the end of the period covered by this report, as required by paragraph (b) of Rules 13a-15 or 15d-15 of the Exchange Act.  Based on such evaluation, such officers have concluded that, as of the end of the period covered by this report, the Company’s disclosure controls and procedures are effective.

During the three-month period ended June 30, 2013, there was not any change in the Company’s internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Rules 13a-15 or 15d-15 of the Exchange Act that has materially affected, or is reasonably likely to materially affect, the Company’s control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

As reported in the Company’s annual report on Form 10-K for the fiscal year ended March 31, 2013, BreathableBaby filed a complaint against the Company and CCIP on January 11, 2012 in the United States District Court for the District of Minnesota, alleging that CCIP’s mesh crib liner infringes BreathableBaby’s patent rights relating to its air permeable infant bedding technology. The Company believes that it has meritorious defenses to the claims asserted in the complaint, and the Company intends to defend itself vigorously against all such claims. The Company and CCIP filed a motion for summary judgment of non-infringement on May 14, 2012. On July 25, 2012, the Court entered an order denying that motion without prejudice to refiling it at the close of discovery. In doing so, the Court did not rule on the merits of the Company’s motion, but instead determined that further discovery was required before a motion for summary judgment could be decided. Discovery accordingly was resumed; however, on August 6, 2013, upon becoming concerned that the costs of discovery and litigation were quickly surpassing the amount in controversy, the Court ordered a temporary stay of all discovery.

14

Also as reported in the Company’s annual report on Form 10-K for the fiscal year ended March 31, 2013, on March 27, 2013, an alleged California purchaser of a CCIP bedding set filed a complaint against the Company and CCIP in the Superior Court for the County of Riverside, California, purportedly on behalf of herself and similarly situated California consumers. The complaint generally alleges that CCIP’s crib bumper products put children at risk of suffocation or crib death and that the Company and CCIP concealed and failed to disclose these purported risks through allegedly false and misleading advertising and product packaging. The complaint does not allege that any child has actually been harmed by these products. The complaint alleges violations of various consumer protection laws in California. The purported class is defined in the complaint as “All California consumers who, within the applicable statute of limitations, purchased a Crown Craft [sic] crib bumper, either alone or as part of a bedding set.” The complaint seeks damages for the purported class in an unspecified amount, injunctive relief, restitution and disgorgement of all monies acquired by the Company and CCIP by means of any act or practice the Court finds to be unlawful, a Court-ordered corrective advertising campaign, and an award of plaintiffs’ attorneys fees and costs. On April 29, 2013, the Company and CCIP removed the case to the United States District Court for the Central District of California. The Company believes that it has meritorious defenses to the claims asserted in the complaint, and the Company intends to defend itself vigorously against all such claims.

In addition to the foregoing civil complaints, the Company is, from time to time, involved in various other legal and regulatory proceedings relating to claims arising in the ordinary course of its business. Neither the Company nor any of its subsidiaries is a party to any such proceeding the outcome of which, individually or in the aggregate, is expected to have a material adverse effect on the Company’s financial condition, results of operations or cash flows.

ITEM 1A. RISK FACTORS

There have been no material changes to the risk factors disclosed in Item 1A. of Part 1 of the Company’s annual report on Form 10-K for the year ended March 31, 2013.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

(c) Issuer Purchases of Equity Securities.

The table below sets forth information regarding the Company’s repurchase of its outstanding common stock during the three-month period ended June 30, 2013.

					Total Number of		Approximate Dollar
					Shares Purchased as		Value of Shares That
	Total Number				Part of Publicly		May Yet be Purchased
	of Shares		Average Price		Announced Plans or		Under the Plans or
Period	Purchased (1)		Paid Per Share		Programs		Programs
April 1, 2013 through May 5, 2013		0	$	0		0	$	0
May 6, 2013 through June 2, 2013		0	$	0		0	$	0
June 3, 2013 through June 30, 2013		9,189	$	5.98		0	$	0
Total		9,189	$	5.98		0	$	0

⁽¹⁾ The shares purchased from April 1, 2013 through June 30, 2013 consist of shares of common stock surrendered to the Company in payment of the exercise price and income tax withholding obligations relating to the exercise of stock options.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

None.

15

ITEM 6. EXHIBITS

Exhibits required to be filed by Item 601 of Regulation S-K are included as Exhibits to this report as follows:

Exhibit Number	Description of Exhibit
10.1	Ninth Amendment to Financing Agreement dated May 21, 2013 by and among Crown Crafts, Inc., Hamco, Inc., Crown Crafts Infant Products, Inc. and The CIT Group/Commercial Services, Inc. (1)
31.1	Rule 13a-14(a)/15d-14(a) Certification by the Company’s Chief Executive Officer (2)
31.2	Rule 13a-14(a)/15d-14(a) Certification by the Company’s Chief Financial Officer (2)
32.1	Section 1350 Certification by the Company’s Chief Executive Officer (2)
32.2	Section 1350 Certification by the Company’s Chief Financial Officer (2)
101	The following information from the Registrant’s Form 10-Q for the quarterly period ended June 30, 2013, formatted as interactive data files in XBRL (eXtensible Business Reporting Language) (3):      (i) Unaudited Condensed Consolidated Statements of Income;      (ii) Unaudited Condensed Consolidated Balance Sheets;      (iii) Unaudited Condensed Consolidated Statements of Cash Flows; and      (iv) Notes to Unaudited Condensed Consolidated Financial Statements.
(1)	Incorporated herein by reference to Registrant’s Current Report on Form 8-K dated May 21, 2013.
(2)	Filed herewith.
(3)	Pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed not to be filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not to be filed for purposes of Section 18 of the Exchange Act, and otherwise are not subject to liability under those sections.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	CROWN CRAFTS, INC.
Date: August 14, 2013	/s/ Olivia W. Elliott
	OLIVIA W. ELLIOTT Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)

16

Index to Exhibits

Exhibit Number	Description of Exhibit
10.1	Ninth Amendment to Financing Agreement dated May 21, 2013 by and among Crown Crafts, Inc., Hamco, Inc., Crown Crafts Infant Products, Inc. and The CIT Group/Commercial Services, Inc. (1)
31.1	Rule 13a-14(a)/15d-14(a) Certification by the Company’s Chief Executive Officer (2)
31.2	Rule 13a-14(a)/15d-14(a) Certification by the Company’s Chief Financial Officer (2)
32.1	Section 1350 Certification by the Company’s Chief Executive Officer (2)
32.2	Section 1350 Certification by the Company’s Chief Financial Officer (2)
101	The following information from the Registrant’s Form 10-Q for the quarterly period ended June 30, 2013, formatted as interactive data files in XBRL (eXtensible Business Reporting Language) (3):      (i) Unaudited Condensed Consolidated Statements of Income;      (ii) Unaudited Condensed Consolidated Balance Sheets;      (iii) Unaudited Condensed Consolidated Statements of Cash Flows; and      (iv) Notes to Unaudited Condensed Consolidated Financial Statements.
(1)	Incorporated herein by reference to Registrant’s Current Report on Form 8-K dated May 21, 2013.
(2)	Filed herewith.
(3)	Pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed not to be filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not to be filed for purposes of Section 18 of the Exchange Act, and otherwise are not subject to liability under those sections.

 

17

EX-31

Exhibit 31.1

CERTIFICATION

I, E. Randall Chestnut, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Crown Crafts, Inc. for the period ended June 30, 2013;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and we have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 14, 2013

/s/ E. Randall Chestnut                                         
E. Randall Chestnut, Chairman of the Board,

President & Chief Executive Officer

EX-31

Exhibit 31.2

CERTIFICATION

I, Olivia W. Elliott, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Crown Crafts, Inc. for the period ended June 30, 2013;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and we have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 14, 2013

/s/ Olivia W. Elliott                                           
Olivia W. Elliott

Vice President & Chief Financial Officer

EX-32

Exhibit 32.1

SECTION 1350 CERTIFICATION

I, E. Randall Chestnut, Chairman of the Board, President and Chief Executive Officer of Crown Crafts, Inc. (the “Company”), do hereby certify, in accordance with 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

1. The Quarterly Report on Form 10-Q of the Company for the period ending June 30, 2013 (the “Periodic Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Periodic Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: August 14, 2013

/s/ E. Randall Chestnut                                       

E. Randall Chestnut, Chairman of the Board,

President & Chief Executive Officer

EX-32

Exhibit 32.2

SECTION 1350 CERTIFICATION

I, Olivia W. Elliott, Vice President and Chief Financial Officer of Crown Crafts, Inc. (the “Company”), do hereby certify, in accordance with 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

1. The Quarterly Report on Form 10-Q of the Company for the period ending June 30, 2013 (the “Periodic Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Periodic Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: August 14, 2013

/s/ Olivia W. Elliott                                   

Olivia W. Elliott, Vice President and

Chief Financial Officer

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Note 5 - Stock-based Compensation (Tables)

3 Months Ended

Jun. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

	Three-Month Period Ended June 30, 2013					Three-Month Period Ended July 1, 2012
	Weighted-Average		Number of Options			Weighted-Average		Number of Options
	Exercise Price		Outstanding			Exercise Price		Outstanding
Outstanding at Beginning of Period	$	5.23		145,000		$	3.57		573,000
Granted		6.14		100,000			5.42		110,000
Exercised		5.12		(10,000	)		3.05		(261,250	)
Outstanding at End of Period		5.62		235,000			4.38		421,750
Exercisable at End of Period		5.13		85,000			3.86		261,750

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	Three-Month Periods Ended
	June 30, 2013			July 1, 2012
Options issued		100,000			110,000
Grant Date	June 14, 2013			June 13, 2012
Dividend yield		5.21	%		5.90	%
Expected volatility		35.00	%		65.00	%
Risk free interest rate		0.49	%		0.55	%
Contractual term (years)		10.00			10.00
Expected term (years)		3.00			4.00
Forfeiture rate		5.00	%		5.00	%
Exercise price (grant-date closing price)	$	6.14		$	5.42
Fair value	$	0.98		$	1.84

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

	Three-Month Period Ended June 30, 2013						Three-Month Period Ended July 1, 2012
	Cost of		Marketing &				Cost of		Marketing &
	Products		Administrative		Total		Products		Administrative		Total
Options Granted in Fiscal Year	Sold		Expenses		Expense		Sold		Expenses		Expense
2011	$	-	$	-	$	-	$	14	$	13	$	27
2012		14		11		25		17		16		33
2013		14		14		28		2		3		5
2014		1		1		2		-		-		-
Total stock option compensation	$	29	$	26	$	55	$	33	$	32	$	65

Schedule of Other Share-based Compensation, Activity [Table Text Block]

	Three-Month Period Ended June 30, 2013						Three-Month Period Ended July 1, 2012
			Non-employee		Total				Non-employee		Total
Stock Granted in Fiscal Year	Employees		Directors		Expense		Employees		Directors		Expense
2011	$	43	$	-	$	43	$	52	$	14	$	66
2012		-		17		17		-		16		16
2013		-		29		29		-		-		-
2014		49		-		49		-		-		-
Total stock grant compensation	$	92	$	46	$	138	$	52	$	30	$	82

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Unaudited Condensed Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Jun. 30, 2013	Jul. 01, 2012
Net sales	$ 16,613	$ 17,453
Cost of products sold	12,119	13,028
Gross profit	4,494	4,425
Legal expenses	259	124
Other marketing and administrative expenses	2,911	2,861
Income from operations	1,324	1,440
Other income (expense):
Interest expense	(21)	(19)
Interest income	9	7
Other - net	(3)
Income before income tax expense	1,309	1,428
Income tax expense	487	531
Net income	$ 822	$ 897
Weighted average shares outstanding:
Basic (in Shares)	9,828	9,725
Effect of dilutive securities (in Shares)	12	77
Diluted (in Shares)	9,840	9,802
Earnings per share:
Basic (in Dollars per share)	$ 0.08	$ 0.09
Diluted (in Dollars per share)	$ 0.08	$ 0.09
Dividends declared per share (in Dollars per share)	$ 0.08

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Note 5 - Stock-based Compensation

3 Months Ended

Jun. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

Note 5 – Stock-based Compensation

The Company has adopted an incentive stock plan (the “Plan”) that is intended to attract and retain directors, officers and employees of the Company and to motivate and reward these individuals with long-term, equity-based incentive compensation, which the Company believes will lead to the achievement of the Company’s overall goal of increasing stockholder value. Awards granted under the Plan may be in the form of qualified or non-qualified stock options, restricted stock, stock appreciation rights, long-term incentive compensation units consisting of a combination of cash and shares of the Company’s common stock, or any combination thereof within the limitations set forth in the Plan. The Plan is administered by the compensation committee of the Company’s Board of Directors (the “Board”), which selects eligible employees and non-employee directors to participate in the Plan and determines the type, amount, duration and other terms of individual awards. At June 30, 2013, 423,750 shares of the Company’s common stock were available for future issuance under the Plan.

Stock-based compensation is calculated according to FASB ASC Topic 718, Compensation – Stock Compensation, which requires stock-based compensation to be accounted for using a fair-value-based measurement. The Company recorded $193,000 and $147,000 of stock-based compensation expense during the three-month periods ended June 30, 2013 and July 1, 2012, respectively. The Company records the compensation expense related to stock-based awards granted to individuals in the same expense classifications as the cash compensation paid to those same individuals. No stock-based compensation costs have been capitalized as part of the cost of an asset as of June 30, 2013.

Stock Options: The following table represents stock option activity for the three-month periods ended June 30, 2013 and July 1, 2012:

	Three-Month Period Ended June 30, 2013					Three-Month Period Ended July 1, 2012
	Weighted-Average		Number of Options			Weighted-Average		Number of Options
	Exercise Price		Outstanding			Exercise Price		Outstanding
Outstanding at Beginning of Period	$	5.23		145,000		$	3.57		573,000
Granted		6.14		100,000			5.42		110,000
Exercised		5.12		(10,000	)		3.05		(261,250	)
Outstanding at End of Period		5.62		235,000			4.38		421,750
Exercisable at End of Period		5.13		85,000			3.86		261,750

The total intrinsic value of the stock options exercised during the three-month periods ended June 30, 2013 and July 1, 2012 was $9,000 and $645,000 respectively. As of June 30, 2013, the intrinsic value of the outstanding and exercisable stock options was $124,000 and $86,000, respectively.

The Company received no cash from the exercise of stock options during the three-month period ended June 30, 2013 and received cash in the amount of $64,000 from the exercise of stock options during the three-month period ended July 1, 2012. Upon the exercise of stock options, participants may choose to surrender to the Company those shares from the option exercise necessary to satisfy the exercise amount and their income tax withholding obligations that arise from the option exercise. The effect on the cash flow of the Company from these “cashless” option exercises is that the Company remits cash on behalf of the participant to satisfy his or her income tax withholding obligations. The Company used cash of $4,000 and $268,000 to remit the required income tax withholding amounts from “cashless” option exercises during the three months ended June 30, 2013 and July 1, 2012, respectively. The Company’s net outflow of cash upon the exercise of stock options was $4,000 and $204,000 during the three-month periods ended June 30, 2013 and July 1, 2012, respectively.

To determine the estimated fair value of stock options granted, the Company uses the Black-Scholes-Merton valuation formula, which is a closed-form model that uses an equation to estimate fair value. The following table sets forth the assumptions used to determine the fair value, and the resulting grant-date fair value per option, of the non-qualified stock options which were awarded to certain employees during the three-month periods ended June 30, 2103 and July 1, 2012, which options vest over a two-year period, assuming continued service.

	Three-Month Periods Ended
	June 30, 2013			July 1, 2012
Options issued		100,000			110,000
Grant Date	June 14, 2013			June 13, 2012
Dividend yield		5.21	%		5.90	%
Expected volatility		35.00	%		65.00	%
Risk free interest rate		0.49	%		0.55	%
Contractual term (years)		10.00			10.00
Expected term (years)		3.00			4.00
Forfeiture rate		5.00	%		5.00	%
Exercise price (grant-date closing price)	$	6.14		$	5.42
Fair value	$	0.98		$	1.84

For the three-month periods ended June 30, 2013 and July 1, 2012, the Company recognized compensation expense associated with stock options as follows (in thousands):

	Three-Month Period Ended June 30, 2013						Three-Month Period Ended July 1, 2012
	Cost of		Marketing &				Cost of		Marketing &
	Products		Administrative		Total		Products		Administrative		Total
Options Granted in Fiscal Year	Sold		Expenses		Expense		Sold		Expenses		Expense
2011	$	-	$	-	$	-	$	14	$	13	$	27
2012		14		11		25		17		16		33
2013		14		14		28		2		3		5
2014		1		1		2		-		-		-
Total stock option compensation	$	29	$	26	$	55	$	33	$	32	$	65

As of June 30, 2013, total unrecognized stock option compensation expense amounted to $184,000, which will be recognized as the underlying stock options vest over a weighted-average period of 1.29 years. The amount of future stock option compensation expense could be affected by any future stock option grants and by the separation from the Company of any individual who has received stock options that are unvested as of such individual’s separation date.

Non-vested Stock: The Board granted 42,000 shares of non-vested stock with a fair value of $5.62 per share to the Company’s non-employee directors during the three-month period ended September 30, 2012, and granted 30,000 shares of non-vested stock to the Company’s non-employee directors during each of the three-month periods ended October 2, 2011 and September 26, 2010 with a weighted-average fair value per share of $4.44 and $4.36, respectively. These shares vest over a two-year period, assuming continued service. The fair value of the non-vested stock granted to the Company’s non-employee directors was based on the closing price of the Company’s common stock on the date of the grant.

During the three-month period ended June 27, 2010, the Board awarded 345,000 shares of non-vested stock to certain employees in a series of grants, each of which will vest only if (i) the closing price of the Company’s common stock is at or above certain target levels for any ten trading days out of any period of 30 consecutive trading days and (ii) the respective employees remain employed through July 29, 2015. The Company, with the assistance of an independent third party, determined that the aggregate grant date fair value of the awards amounted to $1.2 million.

Performance Bonus Plan: In July 2012, the Company implemented a performance bonus plan for certain executive officers that provides for awards of cash or shares of common stock, or a combination therof, in the event that the aggregate average market value of the common stock during the relevant fiscal year, plus the amount of cash dividends paid in respect of the common stock during such period, increases.

In connection with this performance bonus plan, subsequent to June 30, 2013, the Company granted to certain executive officers 17,048 shares of common stock with a value of $93,000 and a cash award of $258,000. Of the total compensation expense of $351,000, $155,000 was recognized during fiscal year 2013 and $196,000 will be recognized as compensation expense during fiscal year 2014. Although there are restrictions as to the subsequent transfer of the shares of stock awarded, ownership in the stock was vested upon issuance.

For the three-month periods ended June 30, 2013 and July 1, 2012, the Company recognized compensation expense associated with stock grants, which is included in marketing and administrative expenses in the accompanying consolidated statements of income, as follows (in thousands):

	Three-Month Period Ended June 30, 2013						Three-Month Period Ended July 1, 2012
			Non-employee		Total				Non-employee		Total
Stock Granted in Fiscal Year	Employees		Directors		Expense		Employees		Directors		Expense
2011	$	43	$	-	$	43	$	52	$	14	$	66
2012		-		17		17		-		16		16
2013		-		29		29		-		-		-
2014		49		-		49		-		-		-
Total stock grant compensation	$	92	$	46	$	138	$	52	$	30	$	82

As of June 30, 2013, total unrecognized compensation expense related to the Company’s non-vested stock grants amounted to $490,000, which will be recognized over the respective vesting terms associated with each of the blocks of non-vested stock grants indicated above, such grants having an aggregate weighted-average vesting term of 1.8 years. The amount of future compensation expense related to the Company’s non-vested stock grants could be affected by any future non-vested stock grants and by the separation from the Company of any individual who has received non-vested stock grants that remain non-vested as of such individual’s separation date.

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Note 4 - Inventories (Details) - Components of Inventories (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Mar. 31, 2013
Components of Inventories [Abstract]
Raw Materials	$ 47	$ 43
Finished Goods	15,070	10,887
Total inventory	$ 15,117	$ 10,930

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Note 1 - Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Mar. 31, 2013	Apr. 01, 2012
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items]
Number of Operating Segments	1
Advertising Expense (in Dollars)	$ 221,000	$ 309,000
Accounts Receivable, Net (in Dollars)	14,900,000
Allowance for Doubtful Accounts Receivable (in Dollars)	411,000
Due From Factor (in Dollars)	14,577,000		21,431,000
Cash and Cash Equivalents, at Carrying Value (in Dollars)	2,890,000	3,561,000	340,000	214,000
Finite-Lived Intangible Asset, Useful Life	9 years
Royalty Expense (in Dollars)	1,500,000	1,500,000
Cash Held at CIT [Member]
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items]
Cash and Cash Equivalents, at Carrying Value (in Dollars)	$ 2,900,000
Minimum [Member]
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Finite-Lived Intangible Asset, Useful Life	1 year
Maximum [Member]
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	8 years
Finite-Lived Intangible Asset, Useful Life	16 years

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Note 5 - Stock-based Compensation (Details) - Estimated Fair Value Of Stock Options Assumptions (USD $)	3 Months Ended
	Jun. 30, 2013	Jul. 01, 2012
Estimated Fair Value Of Stock Options Assumptions [Abstract]
Options issued (in Shares)	100,000	110,000
Grant Date	Jun. 14, 2013	Jun. 13, 2012
Dividend yield	5.21%	5.90%
Expected volatility	35.00%	65.00%
Risk free interest rate	0.49%	0.55%
Contractual term (years)	10 years	10 years
Expected term (years)	3 years	4 years
Forfeiture rate	5.00%	5.00%
Exercise price (grant-date closing price) (in Dollars per share)	$ 6.14	$ 5.42
Fair value (in Dollars per share)	$ 0.98	$ 1.84

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Note 5 - Stock-based Compensation (Details) - Stock Option Activity (USD $)	3 Months Ended
	Jun. 30, 2013	Jul. 01, 2012
Stock Option Activity [Abstract]
Outstanding at Beginning of Period (in Dollars per share)	$ 5.23	$ 3.57
Outstanding at Beginning of Period	145,000	573,000
Granted (in Dollars per share)	$ 6.14	$ 5.42
Granted	100,000	110,000
Exercised (in Dollars per share)	$ 5.12	$ 3.05
Exercised	(10,000)	(261,250)
Outstanding at End of Period (in Dollars per share)	$ 5.62	$ 4.38
Outstanding at End of Period	235,000	421,750
Exercisable at End of Period (in Dollars per share)	$ 5.13	$ 3.86
Exercisable at End of Period	85,000	261,750

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Note 5 - Stock-based Compensation (Details) (USD $)	3 Months Ended			6 Months Ended	3 Months Ended		3 Months Ended					12 Months Ended	15 Months Ended
	Jun. 30, 2013	Sep. 30, 2012	Jul. 01, 2012	Jun. 30, 2013	Sep. 29, 2013 Subsequent Event [Member] Performance Shares [Member]	Jun. 30, 2013 Subsequent Event [Member] Performance Shares [Member]	Jun. 30, 2013 Restricted Stock [Member]	Sep. 30, 2012 Restricted Stock [Member]	Oct. 02, 2011 Restricted Stock [Member]	Sep. 26, 2010 Restricted Stock [Member]	Jun. 27, 2010 Restricted Stock [Member]	Mar. 31, 2013 Performance Shares [Member]	Jun. 30, 2013 Performance Shares [Member]	Jun. 30, 2013 The 2006 Omnibus Incentive Plan [Member]
Note 5 - Stock-based Compensation (Details) [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance (in Shares)														423,750
Share-based Compensation	$ 193,000		$ 147,000									$ 155,000	$ 351,000
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount				0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	9,000		645,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	124,000			124,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	86,000			86,000
Proceeds from Stock Options Exercised	0		64,000
Payments Related to Tax Withholding for Share-based Compensation	4,000		268,000
Net Cash Outflow upon Exercise of Stock Options	4,000		204,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	2 years						2 years
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	184,000			184,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 105 days						1 year 292 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)								42,000	30,000	30,000	345,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)		$ 5.62							$ 4.44	$ 4.36
Share-based Compensation Arrangement, By Share-based Payment Award, Equity Instruments Other than Options, Grants In Period, Total Grant Date Fair Value											1,200,000
Stock Issued During Period, Shares, New Issues (in Shares)					17,048
Stock Issued During Period, Value, New Issues					93,000
Cash Award					258,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized						$ 196,000	$ 490,000

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Note 1 - Summary of Significant Accounting Policies

3 Months Ended

Jun. 30, 2013

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

Note 1 – Summary of Significant Accounting Policies

Basis of Presentation: The accompanying unaudited consolidated financial statements include the accounts of Crown Crafts, Inc. (the “Company”) and its subsidiaries and have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) applicable to interim financial information as promulgated by the Financial Accounting Standards Board (“FASB”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and disclosures required by GAAP for complete financial statements. References herein to GAAP are to topics within the FASB Accounting Standards Codification (the “FASB ASC”), which the FASB periodically revises through the issuance of an Accounting Standards Update (“ASU”) and which has been established by the FASB as the authoritative source for GAAP recognized by the FASB to be applied by nongovernmental entities. In the opinion of management, these interim consolidated financial statements contain all adjustments necessary to present fairly the financial position of the Company as of June 30, 2013 and the results of its operations and cash flows for the periods presented. Such adjustments include normal, recurring accruals, as well as the elimination of all significant intercompany balances and transactions. Operating results for the three-month period ended June 30, 2013 are not necessarily indicative of the results that may be expected by the Company for its fiscal year ending March 30, 2014. For further information, refer to the Company’s consolidated financial statements and notes thereto included in the Company’s annual report on Form 10-K for the fiscal year ended March 31, 2013.

Reclassifications: The Company has reclassified certain prior year information to conform to the amounts presented in the current year. None of the changes impact the Company’s previously reported financial position or results of operations.

Fiscal Year: The Company’s fiscal year ends on the Sunday that is nearest to or on March 31. References herein to “fiscal year 2014” or “2014” represent the 52-week period ending March 30, 2014 and references herein to “fiscal year 2013” or “2013” represent the 52-week period ended March 31, 2013.

Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the consolidated balance sheets and the reported amounts of revenues and expenses during the periods presented on the consolidated statements of income and cash flows. Significant estimates are made with respect to the allowances related to accounts receivable for customer deductions for returns, allowances and disputes. The Company also has a certain amount of discontinued finished goods which necessitates the establishment of inventory reserves and allocates indirect costs to inventory based on an estimated percentage of the supplier purchase price, each of which is highly subjective. Actual results could differ from those estimates.

Cash and Cash Equivalents: The Company considers highly-liquid investments, if any, purchased with original maturities of three months or less to be cash equivalents. The Company’s credit facility consists of a revolving line of credit under a financing agreement with The CIT Group/Commercial Services, Inc. (“CIT”), a subsidiary of CIT Group, Inc. The Company classifies a negative balance outstanding under this revolving line of credit as cash, as these amounts are legally owed to the Company and are immediately available to be drawn upon by the Company.

Financial Instruments:     For short-term instruments such as cash and cash equivalents, accounts receivable and accounts payable, the Company uses carrying value as a reasonable estimate of the fair value.

Segment and Related Information: The Company operates primarily in one principal segment, infant, toddler and juvenile products. These products consist of infant and toddler bedding, bibs, soft bath products, disposable products and accessories. Net sales of bedding, blankets and accessories and net sales of bibs, bath and disposable products for the three-month periods ended June 30, 2013 and July 1, 2012 are as follows (in thousands):

	Three-Month Periods Ended
	June 30, 2013		July 1, 2012
Bedding, blankets and accessories	$	11,298	$	12,213
Bibs, bath and disposable products		5,315		5,240
Total net sales	$	16,613	$	17,453

Advertising Costs: The Company’s advertising costs are primarily associated with cooperative advertising arrangements with certain of the Company’s customers and are recognized using the straight-line method based upon aggregate annual estimated amounts for those customers, with periodic adjustments to the actual amounts of authorized agreements. Advertising expense is included in marketing and administrative expenses in the accompanying consolidated statements of income and amounted to $221,000 and $309,000 for the three-month periods ended June 30, 2013 and July 1, 2012, respectively.

Revenue Recognition: Sales are recorded when goods are shipped to customers and are reported net of allowances for estimated returns and allowances in the accompanying consolidated statements of income. Allowances for returns are estimated based on historical rates. Allowances for returns, cooperative advertising allowances, warehouse allowances, placement fees and volume rebates are recorded commensurate with sales activity or using the straight-line method, as appropriate, and the cost of such allowances is netted against sales in reporting the results of operations. Shipping and handling costs, net of amounts reimbursed by customers, are not material and are included in net sales.

Allowances Against Accounts Receivable: The Company’s allowances against accounts receivable are primarily contractually agreed-upon deductions for items such as cooperative advertising and warehouse allowances, placement fees and volume rebates. These deductions are recorded throughout the year commensurate with sales activity or using the straight-line method, as appropriate. Funding of the majority of the Company’s allowances occurs on a per-invoice basis. The allowances for customer deductions, which are netted against accounts receivable in the consolidated balance sheets, consist of agreed upon advertising support, placement fees, markdowns and warehouse and other allowances. All such allowances are recorded as direct offsets to sales, and such costs are accrued commensurate with sales activities or as a straight-line amortization charge of an agreed-upon fixed amount, as appropriate to the circumstances for each such arrangement. When a customer requests deductions, the allowances are reduced to reflect such payments or credits issued against the customer’s account balance. The Company analyzes the components of the allowances for customer deductions monthly and adjusts the allowances to the appropriate levels. The timing of funding requests for advertising support can cause the net balance in the allowance account to fluctuate from period to period. The timing of such funding requests should have no impact on the consolidated statements of income since such costs are accrued commensurate with sales activity or using the straight-line method, as appropriate.

To reduce the exposure to credit losses and to enhance the predictability of its cash flows, the Company assigns the majority of its trade accounts receivable under factoring agreements with CIT. In the event a factored receivable becomes uncollectible due to creditworthiness, CIT bears the risk of loss. The Company’s management must make estimates of the uncollectibility of its non-factored accounts receivable to evaluate the adequacy of the Company’s allowance for doubtful accounts, which is accomplished by specifically analyzing accounts receivable, historical bad debts, customer concentrations, customer creditworthiness, current economic trends and changes in its customers’ payment terms. The Company’s accounts receivable as of June 30, 2013 was $14.9 million, net of allowances of $411,000. Of this amount, $14.6 million was due from CIT under the factoring agreements, and $2.9 million was due from CIT as a negative balance outstanding under the revolving line of credit, which combined amount represents the maximum loss that the Company could incur if CIT failed completely to perform its obligations under the factoring agreements and the revolving line of credit.

Depreciation and Amortization: The accompanying consolidated balance sheets reflect property, plant and equipment, and certain intangible assets at cost less accumulated depreciation or amortization. The Company capitalizes additions and improvements and expenses maintenance and repairs as incurred. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets, which are three to eight years for property, plant and equipment, and one to sixteen years for intangible assets other than goodwill. The Company amortizes improvements to its leased facilities over the term of the lease or the estimated useful life of the asset, whichever is shorter.

Valuation of Long-Lived Assets and Identifiable Intangible Assets: In addition to the depreciation and amortization procedures set forth above, the Company reviews for impairment long-lived assets and certain identifiable intangible assets whenever events or changes in circumstances indicate that the carrying amount of any asset may not be recoverable. In the event of impairment, the asset is written down to its fair market value.

Patent Costs: The Company incurs certain legal and associated costs in connection with its patent applications and litigation related to the protection or defense of its patents and the Company’s products associated with its patents. The Company capitalizes such costs to be amortized over the expected life of the patent to the extent that an economic benefit is anticipated from the resulting patent or an alternative future use for the underlying product is available to the Company and, in the case of litigation, when a successful outcome is probable. Capitalized patent defense costs are amortized over the remaining expected life of the related patent. Each of the Company’s assessments of the future economic benefit of its patents and its evaluation of the probability of a successful outcome of litigation associated with its patents involves considerable management judgment, and a different conclusion could result in a material impairment charge amounting to the carrying value of these assets.

Royalty Payments: The Company has entered into agreements that provide for royalty payments based on a percentage of sales with certain minimum guaranteed amounts. These royalties are accrued based upon historical sales rates adjusted for current sales trends by customers. Royalty expense is included in cost of sales in the accompanying consolidated statements of income and amounted to $1.5 million for each of the three-month periods ended June 30, 2013 and July 1, 2012.

Inventory Valuation: The preparation of the Company's financial statements requires careful determination of the appropriate dollar amount of the Company's inventory balances. Such amount is presented as a current asset in the accompanying consolidated balance sheets and is a direct determinant of cost of goods sold in the accompanying consolidated statements of income and, therefore, has a significant impact on the amount of net income in the accounting periods reported. The basis of accounting for inventories is cost, which includes the direct supplier acquisition cost, duties, taxes and freight, and the indirect costs incurred to design, develop, source and store the product until it is sold. Once cost has been determined, the Company’s inventory is then stated at the lower of cost or market, with cost determined using the first-in, first-out ("FIFO") method, which assumes that inventory quantities are sold in the order in which they are acquired.

The indirect costs allocated to inventory are done so as a percentage of projected annual supplier purchases and can impact the Company’s results of operations as purchase volume fluctuates from quarter to quarter and year to year. The difference between indirect costs incurred and the indirect costs allocated to inventory creates a burden variance, which is generally favorable when actual inventory purchases exceed planned inventory purchases, and is generally unfavorable when actual inventory purchases are lower than planned inventory purchases. While the burden variance can be significant during interim periods, it is generally not material by the end of each fiscal year. The determination of the indirect charges and their allocation to the Company's finished goods inventories is complex and requires significant management judgment and estimates. If management made different judgments or utilized different estimates, then differences would result in the valuation of the Company's inventories, the amount and timing of the Company's cost of goods sold and the resulting net income for any accounting period.

On a periodic basis, management reviews the Company’s inventory quantities on hand for obsolescence, physical deterioration, changes in price levels and the existence of quantities on hand which may not reasonably be expected to be sold within the normal operating cycle of the Company's operations. To the extent that any of these conditions is believed to exist or the market value of the inventory expected to be realized in the ordinary course of business is otherwise no longer as great as its carrying value, an allowance against the inventory value is established. To the extent that this allowance is established or increased during an accounting period, an expense is recorded in cost of goods sold in the Company's consolidated statements of income. Only when inventory for which an allowance has been established is later sold or is otherwise disposed of is the allowance reduced accordingly. Significant management judgment is required in determining the amount and adequacy of this allowance. In the event that actual results differ from management's estimates or these estimates and judgments are revised in future periods, the Company may not fully realize the carrying value of its inventory or may need to establish additional allowances, either of which could materially impact the Company's financial position and results of operations.

Provision for Income Taxes: The Company’s provision for income taxes includes all currently payable federal, state, local and foreign taxes and is based upon the Company’s estimated annual effective tax rate, which is based on the Company’s forecasted annual pre-tax income, as adjusted for certain expenses within the consolidated statements of income that will never be deductible on the Company’s tax returns and certain charges expected to be deducted on the Company’s tax returns that will never be deducted on the consolidated statements of income, multiplied by the statutory tax rates for the various jurisdictions in which the Company operates and reduced by certain anticipated tax credits. The Company provides for deferred income taxes based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates that will be in effect when the differences are expected to reverse. The Company’s policy is to recognize the effect that a change in enacted tax rates would have on net deferred income tax assets and liabilities in the period that the tax rates are changed.

The Company files income tax returns in the many jurisdictions within which it operates, including the U.S., several U.S. states and the People’s Republic of China. The statute of limitations for the Company’s filed income tax returns varies by jurisdiction; tax years open to federal or state general examination or other adjustment as of June 30, 2013 were the fiscal years ended March 28, 2010, April 3, 2011, April 1, 2012 and March 31, 2013, as well as the fiscal year ended March 29, 2009 for several states.

Earnings Per Share: The Company calculates basic earnings per share by using a weighted average of the number of shares outstanding during the reporting periods. Diluted shares outstanding are calculated in accordance with the treasury stock method, which assumes that the proceeds from the exercise of all exercisable options would be used to repurchase shares at market value. The net number of shares issued after the exercise proceeds are exhausted represents the potentially dilutive effect of the options, which are added to basic shares to arrive at diluted shares.

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Note 3 - Financing Arrangements

3 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

Note 3 – Financing Arrangements

Factoring Agreements:     The Company assigns the majority of its trade accounts receivable to CIT under factoring agreements whose expiration dates are coterminous with that of the financing agreement described below. Under the terms of the factoring agreements, CIT remits customer payments to the Company as such payments are received by CIT.

CIT bears credit losses with respect to assigned accounts receivable from approved customers that are within approved credit limits, while the Company bears the responsibility for adjustments from customers related to returns, allowances, claims and discounts. CIT may at any time terminate or limit its approval of shipments to a particular customer. If such a termination were to occur, the Company must either assume the credit risk for shipments after the date of such termination or limitation or cease shipments to such customer. Factoring fees, which are included in marketing and administrative expenses in the accompanying consolidated statements of income, were $85,000 and $95,000 for the three-month periods ended June 30, 2013 and July 1, 2012, respectively. There were no advances from the factor at either June 30, 2013 or March 31, 2013.

Credit Facility:     The Company’s credit facility at June 30, 2013 consisted of a revolving line of credit under a financing agreement with CIT of up to $26.0 million, which includes a $1.5 million sub-limit for letters of credit, with an interest rate of prime plus 1.00% or LIBOR plus 3.00% and secured by a first lien on all assets of the Company. As of June 30, 2013, the Company had elected to pay interest on balances owed under the revolving line of credit, if any, under the LIBOR option. The financing agreement also provides for the payment by CIT to the Company of interest at the rate of prime minus 1%, which was 2.25% at June 30, 2013, on daily cash balances held at CIT.

Under the financing agreement, a fee is assessed based on 0.25% of the average unused portion of the $26.0 million revolving line of credit, less any outstanding letters of credit (the “Commitment Fee”). The Commitment Fee amounted to $16,000 for each of the three-month periods ended June 30, 2013 and July 1, 2012. As of June 30, 2013, there was no balance owed on the revolving line of credit, there was no letter of credit outstanding and the Company had $20.7 million available under the revolving line of credit based on its eligible accounts receivable and inventory balances.

The financing agreement was scheduled to mature on July 11, 2013. On May 21, 2013, the financing agreement was amended to extend its maturity date to July 11, 2016 and to provide for certain other modifications, including, effective as of July 11, 2013, (i) a reduction of the interest rates on the revolving line of credit to prime minus 0.50% or LIBOR plus 2.00%, (ii) a reduction of the Commitment Fee to 0.125% of the average unused portion of the revolving line of credit and (iii) a reduction of the interest rate on daily cash balances held at CIT to prime minus 2.00%.

The financing agreement for the revolving line of credit contains usual and customary covenants for agreements of that type, including limitations on other indebtedness, liens, transfers of assets, investments and acquisitions, merger or consolidation transactions, transactions with affiliates and changes in or amendments to the organizational documents for the Company and its subsidiaries. The Company was in compliance with these covenants as of June 30, 2013.

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Note 6 - Contingencies

3 Months Ended

Jun. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

Note 6 – Contingencies

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, alleging that CCIP’s mesh crib liner infringes BreathableBaby’s patent rights relating to its air permeable infant bedding technology. The Company believes that it has meritorious defenses to the claims asserted in the complaint, and the Company intends to defend itself vigorously against all such claims. The Company and CCIP filed a motion for summary judgment of non-infringement on May 14, 2012. On July 25, 2012, the Court entered an order denying that motion without prejudice to refiling it at the close of discovery. In doing so, the Court did not rule on the merits of the Company’s motion, but instead determined that further discovery was required before a motion for summary judgment could be decided. Discovery accordingly was resumed; however, on August 6, 2013, upon becoming concerned that the costs of discovery and litigation were quickly surpassing the amount in controversy, the Court ordered a temporary stay of all discovery.

CCIP has filed an application for a patent related to its mesh crib liner with the United States Patent and Trademark Office (“USPTO”) and has capitalized $58,000 of costs associated with this patent application as of June 30, 2013. In addition, the Company’s policy is to capitalize legal and other costs incurred in the defense of the Company’s patents when it is believed that the future economic benefit of the patent will be maintained or increased and a successful defense is probable. In this regard, as of June 30, 2013, the Company capitalized legal and other costs in the amount of $990,000 associated with its defense of the BreathableBaby complaint into the intangible asset related to its own patent application for CCIP’s mesh crib liner. Upon the earlier of a grant of a patent by the USPTO or a favorable conclusion of the BreathableBaby litigation, the Company will commence amortization of the combined patent application costs and litigation costs associated with CCIP’s mesh crib liner over the expected life of the patent, to the extent that an economic benefit is anticipated from the patent or an alternative future use for the mesh crib liner is available to the Company. A different outcome of the BreathableBaby litigation could result in a material impairment charge up to the $1.0 million carrying value of CCIP’s mesh crib liner.

On March 27, 2013, an alleged California purchaser of a CCIP bedding set filed a complaint against the Company and CCIP in the Superior Court for the County of Riverside, California, purportedly on behalf of herself and similarly situated California consumers. The complaint generally alleges that CCIP’s crib bumper products put children at risk of suffocation or crib death and that the Company and CCIP concealed and failed to disclose these purported risks through allegedly false and misleading advertising and product packaging. The complaint does not allege that any child has actually been harmed by these products. The complaint alleges violations of various consumer protection laws in California. The purported class is defined in the complaint as “All California consumers who, within the applicable statute of limitations, purchased a Crown Craft [sic] crib bumper, either alone or as part of a bedding set.” The complaint seeks damages for the purported class in an unspecified amount, injunctive relief, restitution and disgorgement of all monies acquired by the Company and CCIP by means of any act or practice the Court finds to be unlawful, a Court-ordered corrective advertising campaign, and an award of plaintiffs’ attorneys fees and costs. On April 29, 2013, the Company and CCIP removed the case to the United States District Court for the Central District of California. The Company believes that it has meritorious defenses to the claims asserted in the complaint, and the Company intends to defend itself vigorously against all such claims.

In addition to the foregoing civil complaints, the Company is, from time to time, involved in various other legal and regulatory proceedings relating to claims arising in the ordinary course of its business. Neither the Company nor any of its subsidiaries is a party to any such proceeding the outcome of which, individually or in the aggregate, is expected to have a material adverse effect on the Company’s financial condition, results of operations or cash flows.

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Note 4 - Inventories

3 Months Ended

Jun. 30, 2013

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

Note 4 – Inventories

Major classes of inventory were as follows (in thousands):

	June 30, 2013		March 31, 2013
Raw Materials	$	47	$	43
Finished Goods		15,070		10,887
Total inventory	$	15,117	$	10,930

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Note 5 - Stock-based Compensation (Details) - Stock Option Compensation (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Jun. 30, 2013	Jul. 01, 2012
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock option compensation	$ 55	$ 65
Cost of Sales [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock option compensation	29	33
Cost of Sales [Member] | Fiscal Year 2011 [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock option compensation		14
Cost of Sales [Member] | Fiscal Year 2012 [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock option compensation	14	17
Cost of Sales [Member] | Fiscal Year 2013 [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock option compensation	14	2
Cost of Sales [Member] | Fiscal Year 2014 [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock option compensation	1
Operating Expense [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock option compensation	26	32
Operating Expense [Member] | Fiscal Year 2011 [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock option compensation		13
Operating Expense [Member] | Fiscal Year 2012 [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock option compensation	11	16
Operating Expense [Member] | Fiscal Year 2013 [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock option compensation	14	3
Operating Expense [Member] | Fiscal Year 2014 [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock option compensation	1
Fiscal Year 2011 [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock option compensation		27
Fiscal Year 2012 [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock option compensation	25	33
Fiscal Year 2013 [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock option compensation	28	5
Fiscal Year 2014 [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock option compensation	$ 2

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Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $) In Thousands, except Share data, unless otherwise specified	Jun. 30, 2013	Mar. 31, 2013
Due from factor, allowances (in Dollars)	$ 411	$ 349
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in Shares)	40,000,000	40,000,000
Common stock, shares Issued (in Shares)	11,706,022	11,696,022
Treasury stock, shares (in Shares)	1,877,192	1,868,003

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Note 1 - Summary of Significant Accounting Policies (Tables)

3 Months Ended

Jun. 30, 2013

Accounting Policies [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Three-Month Periods Ended
	June 30, 2013		July 1, 2012
Bedding, blankets and accessories	$	11,298	$	12,213
Bibs, bath and disposable products		5,315		5,240
Total net sales	$	16,613	$	17,453

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Unaudited Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
	Jun. 30, 2013	Jul. 01, 2012
Operating activities:
Net income	$ 822,000	$ 897,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant and equipment	76,000	55,000
Amortization of intangibles	183,000	187,000
Deferred income taxes	1,000	52,000
Stock-based compensation	193,000	147,000
Tax shortfall from stock-based compensation	(4,000)	(58,000)
Changes in assets and liabilities:
Accounts receivable	6,828,000	5,158,000
Inventories	(4,187,000)	(2,680,000)
Prepaid expenses	74,000	318,000
Other assets		5,000
Accounts payable	(917,000)	(153,000)
Accrued liabilities	306,000	200,000
Net cash provided by operating activities	3,375,000	4,128,000
Investing activities:
Capital expenditures for property, plant and equipment	(19,000)	(37,000)
Capitalized costs of internally developed intangible assets	(16,000)	(253,000)
Net cash used in investing activities	(35,000)	(290,000)
Financing activities:
Repayments under revolving line of credit	(9,947,000)	(9,755,000)
Borrowings under revolving line of credit	9,947,000	9,755,000
Purchase of treasury stock	(55,000)	(1,002,000)
Issuance of common stock	51,000	798,000
Excess tax benefit from stock-based compensation		100,000
Dividends paid	(786,000)	(387,000)
Net cash used in financing activities	(790,000)	(491,000)
Net increase in cash and cash equivalents	2,550,000	3,347,000
Cash and cash equivalents at beginning of period	340,000	214,000
Cash and cash equivalents at end of period	2,890,000	3,561,000
Supplemental cash flow information:
Income taxes paid, net of refunds received	705,000	104,000
Interest paid, net of interest received	12,000	11,000
Noncash financing activity:
Dividends declared but unpaid	$ (786,000)	$ (780,000)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Mar. 31, 2013
Current assets:
Cash and cash equivalents	$ 2,890	$ 340
Accounts receivable (net of allowances of $411 at June 30, 2013 and $349 at March 31, 2013):
Due from factor	14,577	21,431
Other	319	293
Inventories	15,117	10,930
Prepaid expenses	1,999	2,073
Deferred income taxes	169	160
Total current assets	35,071	35,227
Property, plant and equipment - at cost:
Vehicles	193	193
Land, buildings and leasehold improvements	216	216
Machinery and equipment	2,675	2,656
Furniture and fixtures	743	743
Property, plant and equipment - gross	3,827	3,808
Less accumulated depreciation	3,146	3,070
Property, plant and equipment - net	681	738
Finite-lived intangible assets - at cost:
Customer relationships	5,411	5,411
Other finite-lived intangible assets	7,613	7,643
Finite-lived intangible assets - gross	13,024	13,054
Less accumulated amortization	7,201	7,064
Finite-lived intangible assets - net	5,823	5,990
Goodwill	1,126	1,126
Deferred income taxes	995	1,005
Other	77	77
Total Assets	43,773	44,163
Current liabilities:
Accounts payable	6,459	7,376
Accrued wages and benefits	1,550	1,375
Accrued royalties	1,385	971
Dividends payable	786	786
Income taxes currently payable	505	710
Other accrued liabilities	104	133
Total current liabilities	10,789	11,351
Commitments and contingencies
Shareholders' equity:
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at June 30, 2013 and March 31, 2013; Issued 11,706,022 shares at June 30, 2013 and 11,696,022 shares at March 31, 2013	117	117
Additional paid-in capital	46,410	46,219
Treasury stock - at cost - 1,877,192 shares at June 30, 2013 and 1,868,003 shares at March 31, 2013	(7,745)	(7,690)
Accumulated deficit	(5,798)	(5,834)
Total shareholders' equity	32,984	32,812
Total Liabilities and Shareholders' Equity	$ 43,773	$ 44,163

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Note 5 - Stock-based Compensation (Details) - Stock Grant Compensation (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Jun. 30, 2013	Jul. 01, 2012
Note 5 - Stock-based Compensation (Details) - Stock Grant Compensation [Line Items]
Stock grant compensation - employees	$ 92	$ 52
Stock grant compensation - non-employee directors	46	30
Stock grant compensation - total	138	82
Fiscal Year 2011 [Member]
Note 5 - Stock-based Compensation (Details) - Stock Grant Compensation [Line Items]
Stock grant compensation - employees	43	52
Stock grant compensation - non-employee directors		14
Stock grant compensation - total	43	66
Fiscal Year 2012 [Member]
Note 5 - Stock-based Compensation (Details) - Stock Grant Compensation [Line Items]
Stock grant compensation - non-employee directors	17	16
Stock grant compensation - total	17	16
Fiscal Year 2013 [Member]
Note 5 - Stock-based Compensation (Details) - Stock Grant Compensation [Line Items]
Stock grant compensation - non-employee directors	29
Stock grant compensation - total	29
Fiscal Year 2014 [Member]
Note 5 - Stock-based Compensation (Details) - Stock Grant Compensation [Line Items]
Stock grant compensation - employees	49
Stock grant compensation - total	$ 49

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Note 3 - Financing Arrangements (Details) (USD $)	3 Months Ended
	Jun. 30, 2013	Jul. 11, 2013	Jul. 01, 2012
Note 3 - Financing Arrangements (Details) [Line Items]
Interest Rate on Payment from Credit Facility	2.25%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%	0.125%
Line of Credit Facility, Commitment Fee Amount	$ 16,000		$ 16,000
Line of Credit Facility, Amount Outstanding	0
Letters of Credit Outstanding, Amount	0
Line of Credit Facility, Remaining Borrowing Capacity	20,700,000
Line of Credit [Member]
Note 3 - Financing Arrangements (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	26,000,000
Letter of Credit [Member]
Note 3 - Financing Arrangements (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	1,500,000
Factoring Fees [Member]
Note 3 - Financing Arrangements (Details) [Line Items]
Selling, General and Administrative Expense	$ 85,000		$ 95,000
Prime Rate [Member]
Note 3 - Financing Arrangements (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.00%
London Interbank Offered Rate (LIBOR) [Member]
Note 3 - Financing Arrangements (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.00%	2.00%

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Accounting Policies, by Policy (Policies)

3 Months Ended

Jun. 30, 2013

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation: The accompanying unaudited consolidated financial statements include the accounts of Crown Crafts, Inc. (the “Company”) and its subsidiaries and have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) applicable to interim financial information as promulgated by the Financial Accounting Standards Board (“FASB”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and disclosures required by GAAP for complete financial statements. References herein to GAAP are to topics within the FASB Accounting Standards Codification (the “FASB ASC”), which the FASB periodically revises through the issuance of an Accounting Standards Update (“ASU”) and which has been established by the FASB as the authoritative source for GAAP recognized by the FASB to be applied by nongovernmental entities

Reclassification, Policy [Policy Text Block]

Reclassifications: The Company has reclassified certain prior year information to conform to the amounts presented in the current year. None of the changes impact the Company’s previously reported financial position or results of operations.

Fiscal Period, Policy [Policy Text Block]

Fiscal Year: The Company’s fiscal year ends on the Sunday that is nearest to or on March 31. References herein to “fiscal year 2014” or “2014” represent the 52-week period ending March 30, 2014 and references herein to “fiscal year 2013” or “2013” represent the 52-week period ended March 31, 2013.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the consolidated balance sheets and the reported amounts of revenues and expenses during the periods presented on the consolidated statements of income and cash flows. Significant estimates are made with respect to the allowances related to accounts receivable for customer deductions for returns, allowances and disputes. The Company also has a certain amount of discontinued finished goods which necessitates the establishment of inventory reserves and allocates indirect costs to inventory based on an estimated percentage of the supplier purchase price, each of which is highly subjective. Actual results could differ from those estimates.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents: The Company considers highly-liquid investments, if any, purchased with original maturities of three months or less to be cash equivalents. The Company’s credit facility consists of a revolving line of credit under a financing agreement with The CIT Group/Commercial Services, Inc. (“CIT”), a subsidiary of CIT Group, Inc. The Company classifies a negative balance outstanding under this revolving line of credit as cash, as these amounts are legally owed to the Company and are immediately available to be drawn upon by the Company.

Fair Value of Financial Instruments, Policy [Policy Text Block]

Financial Instruments:     For short-term instruments such as cash and cash equivalents, accounts receivable and accounts payable, the Company uses carrying value as a reasonable estimate of the fair value.

Segment Reporting, Policy [Policy Text Block]

Segment and Related Information: The Company operates primarily in one principal segment, infant, toddler and juvenile products. These products consist of infant and toddler bedding, bibs, soft bath products, disposable products and accessories. Net sales of bedding, blankets and accessories and net sales of bibs, bath and disposable products for the three-month periods ended June 30, 2013 and July 1, 2012 are as follows (in thousands):

Advertising Costs, Policy [Policy Text Block]

Advertising Costs: The Company’s advertising costs are primarily associated with cooperative advertising arrangements with certain of the Company’s customers and are recognized using the straight-line method based upon aggregate annual estimated amounts for those customers, with periodic adjustments to the actual amounts of authorized agreements. Advertising expense is included in marketing and administrative expenses in the accompanying consolidated statements of income and amounted to $221,000 and $309,000 for the three-month periods ended June 30, 2013 and July 1, 2012, respectively.

Revenue Recognition, Policy [Policy Text Block]

Revenue Recognition: Sales are recorded when goods are shipped to customers and are reported net of allowances for estimated returns and allowances in the accompanying consolidated statements of income. Allowances for returns are estimated based on historical rates. Allowances for returns, cooperative advertising allowances, warehouse allowances, placement fees and volume rebates are recorded commensurate with sales activity or using the straight-line method, as appropriate, and the cost of such allowances is netted against sales in reporting the results of operations. Shipping and handling costs, net of amounts reimbursed by customers, are not material and are included in net sales.

Receivables, Policy [Policy Text Block]

Allowances Against Accounts Receivable: The Company’s allowances against accounts receivable are primarily contractually agreed-upon deductions for items such as cooperative advertising and warehouse allowances, placement fees and volume rebates. These deductions are recorded throughout the year commensurate with sales activity or using the straight-line method, as appropriate. Funding of the majority of the Company’s allowances occurs on a per-invoice basis. The allowances for customer deductions, which are netted against accounts receivable in the consolidated balance sheets, consist of agreed upon advertising support, placement fees, markdowns and warehouse and other allowances. All such allowances are recorded as direct offsets to sales, and such costs are accrued commensurate with sales activities or as a straight-line amortization charge of an agreed-upon fixed amount, as appropriate to the circumstances for each such arrangement. When a customer requests deductions, the allowances are reduced to reflect such payments or credits issued against the customer’s account balance. The Company analyzes the components of the allowances for customer deductions monthly and adjusts the allowances to the appropriate levels. The timing of funding requests for advertising support can cause the net balance in the allowance account to fluctuate from period to period. The timing of such funding requests should have no impact on the consolidated statements of income since such costs are accrued commensurate with sales activity or using the straight-line method, as appropriate.

To reduce the exposure to credit losses and to enhance the predictability of its cash flows, the Company assigns the majority of its trade accounts receivable under factoring agreements with CIT. In the event a factored receivable becomes uncollectible due to creditworthiness, CIT bears the risk of loss. The Company’s management must make estimates of the uncollectibility of its non-factored accounts receivable to evaluate the adequacy of the Company’s allowance for doubtful accounts, which is accomplished by specifically analyzing accounts receivable, historical bad debts, customer concentrations, customer creditworthiness, current economic trends and changes in its customers’ payment terms. The Company’s accounts receivable as of June 30, 2013 was $14.9 million, net of allowances of $411,000. Of this amount, $14.6 million was due from CIT under the factoring agreements, and $2.9 million was due from CIT as a negative balance outstanding under the revolving line of credit, which combined amount represents the maximum loss that the Company could incur if CIT failed completely to perform its obligations under the factoring agreements and the revolving line of credit.

Depreciation, Depletion, and Amortization [Policy Text Block]

Depreciation and Amortization: The accompanying consolidated balance sheets reflect property, plant and equipment, and certain intangible assets at cost less accumulated depreciation or amortization. The Company capitalizes additions and improvements and expenses maintenance and repairs as incurred. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets, which are three to eight years for property, plant and equipment, and one to sixteen years for intangible assets other than goodwill. The Company amortizes improvements to its leased facilities over the term of the lease or the estimated useful life of the asset, whichever is shorter.

Goodwill and Intangible Assets, Policy [Policy Text Block]

Valuation of Long-Lived Assets and Identifiable Intangible Assets: In addition to the depreciation and amortization procedures set forth above, the Company reviews for impairment long-lived assets and certain identifiable intangible assets whenever events or changes in circumstances indicate that the carrying amount of any asset may not be recoverable. In the event of impairment, the asset is written down to its fair market value.

Intangible Assets, Finite-Lived, Policy [Policy Text Block]

Patent Costs: The Company incurs certain legal and associated costs in connection with its patent applications and litigation related to the protection or defense of its patents and the Company’s products associated with its patents. The Company capitalizes such costs to be amortized over the expected life of the patent to the extent that an economic benefit is anticipated from the resulting patent or an alternative future use for the underlying product is available to the Company and, in the case of litigation, when a successful outcome is probable. Capitalized patent defense costs are amortized over the remaining expected life of the related patent. Each of the Company’s assessments of the future economic benefit of its patents and its evaluation of the probability of a successful outcome of litigation associated with its patents involves considerable management judgment, and a different conclusion could result in a material impairment charge amounting to the carrying value of these assets.

Revenue Recognition, Services, Royalty Fees [Policy Text Block]

Royalty Payments: The Company has entered into agreements that provide for royalty payments based on a percentage of sales with certain minimum guaranteed amounts. These royalties are accrued based upon historical sales rates adjusted for current sales trends by customers. Royalty expense is included in cost of sales in the accompanying consolidated statements of income and amounted to $1.5 million for each of the three-month periods ended June 30, 2013 and July 1, 2012.

Inventory, Policy [Policy Text Block]

Inventory Valuation: The preparation of the Company's financial statements requires careful determination of the appropriate dollar amount of the Company's inventory balances. Such amount is presented as a current asset in the accompanying consolidated balance sheets and is a direct determinant of cost of goods sold in the accompanying consolidated statements of income and, therefore, has a significant impact on the amount of net income in the accounting periods reported. The basis of accounting for inventories is cost, which includes the direct supplier acquisition cost, duties, taxes and freight, and the indirect costs incurred to design, develop, source and store the product until it is sold. Once cost has been determined, the Company’s inventory is then stated at the lower of cost or market, with cost determined using the first-in, first-out ("FIFO") method, which assumes that inventory quantities are sold in the order in which they are acquired.

The indirect costs allocated to inventory are done so as a percentage of projected annual supplier purchases and can impact the Company’s results of operations as purchase volume fluctuates from quarter to quarter and year to year. The difference between indirect costs incurred and the indirect costs allocated to inventory creates a burden variance, which is generally favorable when actual inventory purchases exceed planned inventory purchases, and is generally unfavorable when actual inventory purchases are lower than planned inventory purchases. While the burden variance can be significant during interim periods, it is generally not material by the end of each fiscal year. The determination of the indirect charges and their allocation to the Company's finished goods inventories is complex and requires significant management judgment and estimates. If management made different judgments or utilized different estimates, then differences would result in the valuation of the Company's inventories, the amount and timing of the Company's cost of goods sold and the resulting net income for any accounting period.

On a periodic basis, management reviews the Company’s inventory quantities on hand for obsolescence, physical deterioration, changes in price levels and the existence of quantities on hand which may not reasonably be expected to be sold within the normal operating cycle of the Company's operations. To the extent that any of these conditions is believed to exist or the market value of the inventory expected to be realized in the ordinary course of business is otherwise no longer as great as its carrying value, an allowance against the inventory value is established. To the extent that this allowance is established or increased during an accounting period, an expense is recorded in cost of goods sold in the Company's consolidated statements of income. Only when inventory for which an allowance has been established is later sold or is otherwise disposed of is the allowance reduced accordingly. Significant management judgment is required in determining the amount and adequacy of this allowance. In the event that actual results differ from management's estimates or these estimates and judgments are revised in future periods, the Company may not fully realize the carrying value of its inventory or may need to establish additional allowances, either of which could materially impact the Company's financial position and results of operations.

Income Tax, Policy [Policy Text Block]

Provision for Income Taxes: The Company’s provision for income taxes includes all currently payable federal, state, local and foreign taxes and is based upon the Company’s estimated annual effective tax rate, which is based on the Company’s forecasted annual pre-tax income, as adjusted for certain expenses within the consolidated statements of income that will never be deductible on the Company’s tax returns and certain charges expected to be deducted on the Company’s tax returns that will never be deducted on the consolidated statements of income, multiplied by the statutory tax rates for the various jurisdictions in which the Company operates and reduced by certain anticipated tax credits. The Company provides for deferred income taxes based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates that will be in effect when the differences are expected to reverse. The Company’s policy is to recognize the effect that a change in enacted tax rates would have on net deferred income tax assets and liabilities in the period that the tax rates are changed.

The Company files income tax returns in the many jurisdictions within which it operates, including the U.S., several U.S. states and the People’s Republic of China. The statute of limitations for the Company’s filed income tax returns varies by jurisdiction; tax years open to federal or state general examination or other adjustment as of June 30, 2013 were the fiscal years ended March 28, 2010, April 3, 2011, April 1, 2012 and March 31, 2013, as well as the fiscal year ended March 29, 2009 for several states.

Earnings Per Share, Policy [Policy Text Block]

Earnings Per Share: The Company calculates basic earnings per share by using a weighted average of the number of shares outstanding during the reporting periods. Diluted shares outstanding are calculated in accordance with the treasury stock method, which assumes that the proceeds from the exercise of all exercisable options would be used to repurchase shares at market value. The net number of shares issued after the exercise proceeds are exhausted represents the potentially dilutive effect of the options, which are added to basic shares to arrive at diluted shares.

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Note 6 - Contingencies (Details) (USD $)	Jun. 30, 2013
Note 6 - Contingencies (Details) [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 1,000,000
Patent Application [Member]
Note 6 - Contingencies (Details) [Line Items]
Capitalized Legal and Other Costs	58,000
In Defense of Patents [Member]
Note 6 - Contingencies (Details) [Line Items]
Capitalized Legal and Other Costs	$ 990,000

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Note 4 - Inventories (Tables)

3 Months Ended

Jun. 30, 2013

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

	June 30, 2013		March 31, 2013
Raw Materials	$	47	$	43
Finished Goods		15,070		10,887
Total inventory	$	15,117	$	10,930

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Note 7 - Subsequent Events

3 Months Ended

Jun. 30, 2013

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Note 7 – Subsequent Events

The Company has evaluated events which have occurred between June 30, 2013 and the date that the accompanying consolidated financial statements were issued, and has determined that disclosure has been made in the foregoing notes of material subsequent events requiring such disclosure.

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Note 2 - Goodwill, Customer Relationships and Other Intangible Assets

3 Months Ended

Jun. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Note 2 – Goodwill, Customer Relationships and Other Intangible Assets

Goodwill: Goodwill represents the excess of the purchase price over the fair value of net identifiable assets acquired in business combinations. The goodwill of the reporting units of the Company as of June 30, 2013 and March 31, 2013 amounted to $24.0 million, and is reflected in the accompanying consolidated balance sheets net of accumulated impairment charges of $22.9 million, for a net reported balance of $1.1 million.

The company tests the fair value of the goodwill, if any, within its reporting units annually as of the first day of the Company’s fiscal year. An additional interim impairment test is performed during the year whenever an event or change in circumstances occurs that suggests that the fair value of the goodwill of either of the reporting units of the Company has more likely than not (defined as having a likelihood of greater than 50%) fallen below its carrying value. The annual or interim impairment test is performed by first assessing qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If such qualitative factors so indicate, then the impairment test is continued in a two-step approach. The first step is the estimation of the fair value of each reporting unit to ensure that its fair value exceeds its carrying value. If step one indicates that a potential impairment exists, then the second step is performed to measure the amount of an impairment charge, if any. In the second step, these estimated fair values are used as the hypothetical purchase price for the reporting units, and an allocation of such hypothetical purchase price is made to the identifiable tangible and intangible assets and assigned liabilities of the reporting units. The impairment charge is calculated as the amount, if any, by which the carrying value of the goodwill exceeds the implied amount of goodwill that results from this hypothetical purchase price allocation.

The annual impairment test of the fair value of the goodwill of the reporting units of the Company was performed as of April 1, 2013, and the Company concluded that the fair value of the goodwill of the Company’s reporting units substantially exceeded their carrying values as of that date.

Other Intangible Assets: Other intangible assets at June 30, 2013 consisted primarily of the fair value of net identifiable assets acquired in business combinations, other than tangible assets and goodwill. The carrying amount and accumulated amortization of the Company’s other intangible assets as of June 30, 2013, their weighted average estimated useful life, the amortization expense for the three-month periods ended June 30, 2013 and July 1, 2012 and the classification of such amortization expense within the accompanying consolidated statements of income are as follows (in thousands):

			Weighted
			Average
			Estimated
			Useful				Amortization Expense
	Carrying		Life		Accumulated		Three-Month Periods Ended
	Amount		(Years)		Amortization		June 30, 2013		July 1, 2012
Tradename and trademarks	$	1,987		15	$	569	$	33	$	33
Licenses and designs		3,571		3		3,571		2		2
Non-compete covenants		454		7		350		14		14
Patents		553		10		171		14		14
Customer relationships		5,411		12		2,540		120		121
Internally developed intangible assets		1,048		-		-		-		3
Total other intangible assets	$	13,024		9	$	7,201	$	183	$	187

Classification within the accompanying consolidated statements of income:
Cost of products sold	$	16	$	16
Marketing and administrative expenses		167		171
Total amortization expense	$	183	$	187

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Note 1 - Summary of Significant Accounting Policies (Details) - Segment and Related Information (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Jun. 30, 2013	Jul. 01, 2012
Segment Reporting Information [Line Items]
Net sales by segment	$ 16,613	$ 17,453
Bedding, Blankets and Accessories [Member]
Segment Reporting Information [Line Items]
Net sales by segment	11,298	12,213
Bibs Bath And Disposable Products [Member]
Segment Reporting Information [Line Items]
Net sales by segment	$ 5,315	$ 5,240

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Note 2 - Goodwill, Customer Relationships and Other Intangible Assets (Tables)

3 Months Ended

Jun. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets [Table Text Block]

			Weighted
			Average
			Estimated
			Useful				Amortization Expense
	Carrying		Life		Accumulated		Three-Month Periods Ended
	Amount		(Years)		Amortization		June 30, 2013		July 1, 2012
Tradename and trademarks	$	1,987		15	$	569	$	33	$	33
Licenses and designs		3,571		3		3,571		2		2
Non-compete covenants		454		7		350		14		14
Patents		553		10		171		14		14
Customer relationships		5,411		12		2,540		120		121
Internally developed intangible assets		1,048		-		-		-		3
Total other intangible assets	$	13,024		9	$	7,201	$	183	$	187

Schedule Of Amortization Expense [Table Text Block]

Classification within the accompanying consolidated statements of income:
Cost of products sold	$	16	$	16
Marketing and administrative expenses		167		171
Total amortization expense	$	183	$	187

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Note 2 - Goodwill, Customer Relationships and Other Intangible Assets (Details) - Amortization Expense (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Jun. 30, 2013	Jul. 01, 2012
Note 2 - Goodwill, Customer Relationships and Other Intangible Assets (Details) - Amortization Expense [Line Items]
Amortization expense	$ 183	$ 187
Cost of Sales [Member]
Note 2 - Goodwill, Customer Relationships and Other Intangible Assets (Details) - Amortization Expense [Line Items]
Amortization expense	16	16
Operating Expense [Member]
Note 2 - Goodwill, Customer Relationships and Other Intangible Assets (Details) - Amortization Expense [Line Items]
Amortization expense	$ 167	$ 171

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Note 2 - Goodwill, Customer Relationships and Other Intangible Assets (Details) (USD $)	Jun. 30, 2013	Mar. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Gross	$ 24,000,000	$ 24,000,000
Goodwill, Impaired, Accumulated Impairment Loss	22,900,000	22,900,000
Goodwill	$ 1,126,000	$ 1,126,000

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Document And Entity Information	3 Months Ended
	Jun. 30, 2013	Aug. 06, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	CROWN CRAFTS INC
Document Type	10-Q
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding		9,838,601
Amendment Flag	false
Entity Central Index Key	0000025895
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jun. 30, 2013
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1

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Note 2 - Goodwill, Customer Relationships and Other Intangible Assets (Details) - Other Intangible Assets (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Mar. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	$ 13,024		$ 13,054
Weighted Average Estimated Useful Life	9 years
Accumulated Amortization	7,201		7,064
Amortization Expense	183	187
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	1,987
Weighted Average Estimated Useful Life	15 years
Accumulated Amortization	569
Amortization Expense	33	33
Licensing Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	3,571
Weighted Average Estimated Useful Life	3 years
Accumulated Amortization	3,571
Amortization Expense	2	2
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	454
Weighted Average Estimated Useful Life	7 years
Accumulated Amortization	350
Amortization Expense	14	14
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	553
Weighted Average Estimated Useful Life	10 years
Accumulated Amortization	171
Amortization Expense	14	14
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	5,411
Weighted Average Estimated Useful Life	12 years
Accumulated Amortization	2,540
Amortization Expense	120	121
Internally Developed Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	1,048
Amortization Expense		$ 3