Note 3 - Revenue Recognition

12 Months Ended

Dec. 30, 2018

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

NOTE

3

– REVENUE RECOGNITION

Effective

January 1, 2018,

the Company adopted a new accounting standard with regard to revenue from customers. The Company elected the modified retrospective approach for adoption of this new standard, as is allowed by the standard. The Company did

not

have any significant impact from this standard as of the date of the adoption.

Revenue from sales of carpet, modular resilient flooring, rubber flooring, and other flooring-related material was approximately

97%

of total revenue for

2018.

The remaining

3%

of revenue was generated from the installation of carpet and other flooring-related material.

Disaggregation of Revenue

For

2018,

revenue from the Company’s customers is broken down by geography as follows:

Geography	Percentage of Net Sales
Americas	57.80%
Europe	27.10%
Asia-Pacific	15.10%

Impairment Losses

The Company does

not

recognize any impairment losses related to its revenue contracts due primarily to the short-term and straightforward nature of these contracts.