Note 6 - Related Parties

6 Months Ended

Oct. 26, 2024

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

6. RELATED PARTIES

The Company is a party to a management agreement with Corporate Management Advisors, Inc. (CMA), a corporation owned by our Chairman and Chief Executive Officer. The management agreement provides that the Company will pay CMA an annual base fee equal to one percent of the consolidated net sales of the Company. Management fees to CMA were $2.9 million and $3.0 million for the three months ended October 26, 2024 and October 28, 2023, respectively. Management fees to CMA were $6.2 million and $6.3 million for the six months ended October 26, 2024 and October 28, 2023, respectively.  At October 26, 2024 and April 27, 2024,  current liabilities included amounts due to CMA of $1.8 million and $3.0 million, respectively.