Note 16 - COVID-19 (Coronavirus)
|9 Months Ended|
Dec. 26, 2020
|Notes to Financial Statements|
|Unusual or Infrequent Items, or Both, Disclosure [Text Block]||
January 30, 2020,the World Health Organization (“WHO”) announced a global health emergency because of a new strain of coronavirus (“COVID-
19”) and in
March 2020classified the outbreak as a pandemic. In
March 2020,the President of the United States and the Governor of California declared a state of emergency, based on the rapid increase in COVID-
19cases including in California. In response to the COVID-
19pandemic, the Company has implemented a number of measures intended to ensure the safety of personnel and the continuity of operations. Following California's initial mandated shut down in
March 2020,the Company was designated as an essential business and most of its manufacturing activities have largely returned to pre-pandemic levels though it continues to implement and follow the protective measures described above and includes most of its non-production personnel working remotely.
19pandemic has caused significant disruptions to the global, national, and local economy. The overall economic and other impacts of the COVID-
19pandemic in the areas in which the Company and its customers and suppliers operates is
notknown and cannot be predicted at this time. Delays in access to customer sites has caused disruptions in our business. While the circumstances relating to the COVID-
19pandemic and governmental responses are expected to be temporary, there is still uncertainty about the duration and the total economic impact. If this situation is prolonged, the pandemic could cause additional delays and could have a short- or long-term adverse impact, possibly material, on the Company's future financial condition, liquidity, and results of operations.
The entire disclosure for an event or transaction that is unusual in nature or infrequent in occurrence, or both.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef