Note P - Subsequent Event

12 Months Ended

Mar. 29, 2015

Notes to Financial Statements

Subsequent Events [Text Block]

NOTE P - SUBSEQUENT EVENT

On June 10, 2015, the Company and Wayne Norbitz entered into a Transition Agreement  (the “Transition Agreement”)  relating to the retirement of Mr. Norbitz as President and Chief Operating Officer of the Company. Under the Transition Agreement, Mr. Norbitz will continue to serve as President and Chief Operating Officer of the Company through August 7, 2015 at which time he will become a Consultant to the Company pursuant to the terms of a one year Consulting Agreement between him and the Company (the “Consulting Agreement”). The Consulting Agreement provides that Mr. Norbitz will receive a consulting fee of $16,291 per month. The Transition Agreement further provides that Mr. Norbitz will receive a severance payment of $288,750 and under the terms of the Transition Agreement  the Company purchased  from Mr. Norbitz  56,933 shares of the Company’s common stock, $.01 par value (the “Common Stock”) at a purchase price of $40.28 which was the closing price of the  Common Stock as reported on the Nasdaq Global Market on June 10,2015.  Mr. Norbitz will also be included as a nominee on management’s slate of Directors at the Company’s upcoming annual meeting of stockholders

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