Note 2 - Restatement of Previously Issued Financial Statements (Tables)

9 Months Ended

Dec. 30, 2017

Notes Tables

Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

	Consolidated Statements of Earnings (Loss)
	Three Months Ended
	December 30, 2017 (Unaudited)								December 31, 2016 (Unaudited)
	As						As		As					As
	Reported			Correction			Restated		Reported		Correction			Restated
Net Sales	$	392,714		$	(5,025	)	$	387,689	$	369,705	$	(12,938	)	$	356,767
Cost of Products Sold		361,013			(3,825	)		357,188		332,230		(13,389	)		318,841
Gross Profit		31,701			(1,200	)		30,501		37,475		451			37,926
Operating Income/(Loss)		11,471			(1,200	)		10,271		13,890		451			14,341
Earnings/(Loss) Before Income Taxes		7,459			(1,200	)		6,259		11,809		451			12,260
Income Tax (Benefit) Expense		(268	)		2,150			1,882		3,628		843			4,471
Net Earnings (Loss)		7,727			(3,350	)		4,377		8,181		(392	)		7,789
Earnings Per Common Share-Basic	$	0.79		$	(0.34	)	$	0.45	$	0.83	$	(0.04	)	$	0.79
Earnings Per Common Share-Diluted	$	0.78		$	(0.34	)	$	0.44	$	0.82	$	(0.04	)	$	0.78

	Nine Months Ended
	December 30, 2017 (Unaudited)									December 31, 2016 (Unaudited)
	As						As			As					As
	Reported			Correction			Restated			Reported		Correction			Restated
Net Sales	$	1,049,209		$	(34,123	)	$	1,015,086		$	979,566	$	1,942		$	981,508
Cost of Products Sold		981,344			(29,705	)		951,639			891,904		(1,302	)		890,602
Gross Profit		67,865			(4,418	)		63,447			87,662		3,244			90,906
Operating Income/(Loss)		13,893			(4,418	)		9,475			26,689		3,244			29,933
Earnings/(Loss) Before Income Taxes		3,252			(4,418	)		(1,166	)		20,480		3,244			23,724
Income Tax (Benefit) Expense		(2,524	)		919			(1,605	)		6,217		1,932			8,149
Net Earnings (Loss)		5,776			(5,337	)		439			14,263		1,312			15,575
Earnings Per Common Share-Basic	$	0.59		$	(0.55	)	$	0.04		$	1.44	$	0.14		$	1.58
Earnings Per Common Share-Diluted	$	0.58		$	(0.54	)	$	0.04		$	1.43	$	0.14		$	1.57

	Consolidated Balance Sheets
	As of December 30, 2017 (Unaudited)							As of March 31, 2017 (Audited)
	As					As		As					As
	Reported		Correction			Restated		Reported		Correction			Restated
Assets
Inventory	$	710,118	$	60,584		$	770,702	$	598,056	$	30,879		$	628,935
Total Current Assets		794,510		60,584			855,094		688,270		30,879			719,149
Total Assets		1,072,003		62,234			1,134,237		946,019		32,249			978,268
Liabilities and Stockholders' Equity
Deferred Revenue	$	545	$	79,606		$	80,151	$	545	$	45,555		$	46,100
Total Current Liabilities		162,423		79,610			242,033		132,277		45,487			177,764
Total Liabilities		635,204		76,628			711,832		511,758		41,306			553,064
Stockholders' Equity		436,799		(14,394	)		422,405		434,261		(9,057	)		425,204
Total Liabilities and Stockholders' Equity		1,072,003		62,234			1,134,237		946,019		32,249			978,268

	As of December 31, 2016 (Unaudited)
	As					As
	Reported		Correction			Restated
Assets
Inventory	$	656,368	$	43,077		$	699,445
Total Current Assets		750,156		43,077			793,233
Total Assets		1,004,711		49,035			1,053,746
Liabilities and Stockholders' Equity
Deferred Revenue	$	473	$	60,080		$	60,553
Total Current Liabilities		178,732		60,039			238,771
Total Liabilities		587,097		60,039			647,136
Stockholders' Equity		417,614		(11,004	)		406,610
Total Liabilities and Stockholders' Equity		1,004,711		49,035			1,053,746