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Note 1 - Description of Business and Basis of Presentation
3 Months Ended
Jun. 29, 2014
Disclosure Text Block [Abstract]  
Business Description and Basis of Presentation [Text Block]

1.           Description of Business and Basis of Presentation


Sport Chalet, Inc. (the “Company”), founded by Norbert Olberz in 1959, is a premier, full-service specialty sporting goods retailer offering a broad assortment of brand name sporting goods equipment, apparel, and footwear. As of June 29, 2014, the Company operated 50 stores including 34 locations in Southern California, seven in Northern California, six in Arizona, two in Nevada, and one in Utah. Since April 2013, the Company has closed five stores and opened one new store. In addition, the Company has a Team Sales Division and an online store at sportchalet.com.


The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all information and footnotes required by GAAP for complete financial statements. In the opinion of management, all material adjustments (consisting of normal recurring adjustments and accruals) considered necessary for a fair presentation of the financial condition, results of operations and cash flows for the periods presented have been included in the interim periods.


The accompanying condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 30, 2014. The condensed consolidated financial data at March 30, 2014 is derived from audited financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 30, 2014. Interim results are not necessarily indicative of results for any other interim period or for the full fiscal year.


The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.