Transcat (TRNS) 10-Q1 Nov 232023 Q2 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Sep. 23, 2023	Oct. 27, 2023
Document Information [Line Items]
Entity Central Index Key	0000099302
Entity Registrant Name	TRANSCAT INC
Amendment Flag	false
Current Fiscal Year End Date	--03-25
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 23, 2023
Document Transition Report	false
Entity File Number	000-03905
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	16-0874418
Entity Address, Address Line One	35 Vantage Point Drive
Entity Address, City or Town	Rochester
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	14624
City Area Code	585
Local Phone Number	352-7777
Title of 12(b) Security	Common Stock, $0.50 par value
Trading Symbol	TRNS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,826,324

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 23, 2023	Sep. 24, 2022	Sep. 23, 2023	Sep. 24, 2022
Revenue	$ 62,804	$ 56,439	$ 123,402	$ 111,100
Cost of Service Revenue	42,679	39,672	84,567	78,295
Gross Profit	20,125	16,767	38,835	32,805
Selling, Marketing and Warehouse Expenses	6,856	5,900	13,325	11,720
General and Administrative Expenses	11,626	7,241	19,227	13,855
Total Operating Expenses	18,482	13,141	32,552	25,575
Operating Income	1,643	3,626	6,283	7,230
Interest and Other Expense, net	841	537	1,719	693
Income Before Income Taxes	802	3,089	4,564	6,537
Provision for Income Taxes	342	732	1,155	1,108
Net Income	$ 460	$ 2,357	$ 3,409	$ 5,429
Basic Earnings Per Share (in dollars per share)	$ 0.06	$ 0.31	$ 0.44	$ 0.72
Average Shares Outstanding (in shares)	7,819	7,550	7,732	7,542
Diluted Earnings Per Share (in dollars per share)	$ 0.06	$ 0.31	$ 0.43	$ 0.71
Average Shares Outstanding (in shares)	7,948	7,646	7,840	7,635
Service [Member]
Revenue	$ 41,431	$ 35,267	$ 81,284	$ 69,143
Cost of Service Revenue	27,347	23,780	54,229	46,821
Distribution Service [Member]
Revenue	21,373	21,172	42,118	41,957
Cost of Service Revenue	$ 15,332	$ 15,892	$ 30,338	$ 31,474

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 23, 2023	Sep. 24, 2022	Sep. 23, 2023	Sep. 24, 2022
Net Income	$ 460	$ 2,357	$ 3,409	$ 5,429
Other Comprehensive Income (Loss):
Currency Translation Adjustment	(352)	(831)	124	(1,271)
Other, net of tax effects of $2 and $(2) for the second quarter ended September 23, 2023 and September 24, 2022, respectively; and $4 and $(6) for the six months ended September 23, 2023 and September 24, 2022, respectively	6	(7)	12	(20)
Total Other Comprehensive Income (Loss)	(346)	(838)	136	(1,291)
Comprehensive Income	$ 114	$ 1,519	$ 3,545	$ 4,138

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 23, 2023	Mar. 25, 2023
Current Assets:
Cash	$ 1,246	$ 1,531
Accounts Receivable, less allowance for credit losses of $614 and $457 as of September 23, 2023 and March 25, 2023, respectively	44,382	44,698
Other Receivables	335	506
Inventory, net	15,685	16,929
Prepaid Expenses and Other Current Assets	3,525	3,935
Total Current Assets	65,173	67,599
Property and Equipment, net	35,648	29,064
Goodwill	106,366	69,360
Intangible Assets, net	23,156	13,799
Right To Use Assets, net	16,784	14,876
Other Assets	1,083	1,051
Total Assets	248,210	195,749
Current Liabilities:
Accounts Payable	12,523	15,869
Accrued Compensation and Other Current Liabilities	13,295	10,201
Current Portion of Long-Term Debt	2,293	2,248
Total Current Liabilities	28,111	28,318
Long-Term Debt	51,000	46,869
Deferred Tax Liabilities, net	10,836	6,538
Lease Liabilities	14,534	12,960
Other Liabilities	5,477	1,434
Total Liabilities	109,958	96,119
Shareholders' Equity:
Common Stock, par value $0.50 per share, 30,000,000 shares authorized; 7,978,401 and 7,562,604 shares issued and outstanding as of September 23, 2023 and March 25, 2023, respectively	3,989	3,781
Capital in Excess of Par Value	64,310	27,886
Accumulated Other Comprehensive Loss	(1,064)	(1,200)
Retained Earnings	71,017	69,163
Total Shareholders' Equity	138,252	99,630
Total Liabilities and Shareholders' Equity	$ 248,210	$ 195,749

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 23, 2023	Mar. 25, 2023
Accounts Receivable, allowance for doubtful accounts	$ 614	$ 457
Common stock, par value (in dollars per share)	$ 0.50	$ 0.50
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	7,978,401	7,562,604
Common stock, shares outstanding (in shares)	7,978,401	7,562,604

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Sep. 23, 2023	Sep. 24, 2022
Cash Flows from Operating Activities:
Net Income	$ 3,409	$ 5,429
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Net Loss on Disposal of Property and Equipment	11	34
Deferred Income Taxes	23	(54)
Depreciation and Amortization	6,078	5,419
Provision for Accounts Receivable and Inventory Reserves	347	94
Stock-Based Compensation Expense	2,171	1,942
Changes in Assets and Liabilities, net of acquisitions:
Accounts Receivable and Other Receivables	2,384	(1,238)
Inventory	3,376	(3,724)
Prepaid Expenses and Other Current Assets	465	881
Accounts Payable	(3,969)	(586)
Accrued Compensation and Other Current Liabilities	1,677	(2,962)
Net Cash Provided by Operating Activities	15,972	5,235
Cash Flows from Investing Activities:
Purchases of Property and Equipment	(5,444)	(4,772)
Proceeds from Sale of Property and Equipment	0	10
Business Acquisitions, net of cash acquired	(12,882)	(4,040)
Net Cash Used in Investing Activities	(18,326)	(8,802)
Cash Flows from Financing Activities:
Proceeds from Revolving Credit Facility, net	5,288	3,387
Repayments of Term Loan	(1,112)	(1,026)
Proceeds from Issuance of Common Stock	384	364
Repurchase of Common Stock	(2,247)	(437)
Net Cash Provided by Financing Activities	2,313	2,288
Effect of Exchange Rate Changes on Cash	(244)	792
Net Decrease in Cash	(285)	(487)
Cash at Beginning of Period	1,531	1,396
Cash at End of Period	1,246	909
Supplemental Disclosure of Cash Flow Activity:
Interest	1,680	829
Income Taxes, net	1,099	484
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Common stock issued for acquisitions	34,769	145
Alliance [Member]
Assets acquired and liabilities assumed in business combinations:
Accrued holdback and contingent consideration related to acquisitions	$ 4,859	$ 518

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Mar. 26, 2022	7,529
Balance at Mar. 26, 2022	$ 3,765	$ 23,900	$ (233)	$ 58,744	$ 86,176
Issuance of Common Stock (in shares)	8
Issuance of Common Stock	$ 3	363	0	0	366
Repurchase of Common Stock (in shares)	(7)
Repurchase of Common Stock	$ (3)	(164)	0	(270)	(437)
Stock-Based Compensation (in shares)	16
Stock-Based Compensation	$ 8	820	0	0	828
Other Comprehensive Loss	0	0	(453)	0	(453)
Net Income	$ 0	0	0	3,072	3,072
Balance (in shares) at Jun. 25, 2022	7,546
Balance at Jun. 25, 2022	$ 3,773	24,919	(686)	61,546	89,552
Balance (in shares) at Mar. 26, 2022	7,529
Balance at Mar. 26, 2022	$ 3,765	23,900	(233)	58,744	86,176
Net Income					5,429
Balance (in shares) at Sep. 24, 2022	7,558
Balance at Sep. 24, 2022	$ 3,779	26,170	(1,524)	63,903	92,328
Balance (in shares) at Jun. 25, 2022	7,546
Balance at Jun. 25, 2022	$ 3,773	24,919	(686)	61,546	89,552
Issuance of Common Stock (in shares)	3
Issuance of Common Stock	$ 2	141	0	0	143
Repurchase of Common Stock	$ 0	0	0	0	0
Stock-Based Compensation (in shares)	9
Stock-Based Compensation	$ 4	1,110	0	0	1,114
Other Comprehensive Loss	0	0	(838)	0	(838)
Net Income	$ 0	0	0	2,357	2,357
Balance (in shares) at Sep. 24, 2022	7,558
Balance at Sep. 24, 2022	$ 3,779	26,170	(1,524)	63,903	92,328
Balance (in shares) at Mar. 25, 2023	7,562
Balance at Mar. 25, 2023	$ 3,781	27,886	(1,200)	69,163	99,630
Issuance of Common Stock (in shares)	82
Issuance of Common Stock	$ 42	6,988	0	0	7,030
Repurchase of Common Stock (in shares)	(3)
Repurchase of Common Stock	$ (2)	(86)	0	(213)	(301)
Stock-Based Compensation (in shares)	2
Stock-Based Compensation	$ 1	929	0	0	930
Other Comprehensive Loss	0	0	482	0	482
Net Income	$ 0	0	0	2,949	2,949
Balance (in shares) at Jun. 24, 2023	7,643
Balance at Jun. 24, 2023	$ 3,822	35,717	(718)	71,899	110,720
Balance (in shares) at Mar. 25, 2023	7,562
Balance at Mar. 25, 2023	$ 3,781	27,886	(1,200)	69,163	99,630
Net Income					3,409
Balance (in shares) at Sep. 23, 2023	7,978
Balance at Sep. 23, 2023	$ 3,989	64,310	(1,064)	71,017	138,252
Balance (in shares) at Jun. 24, 2023	7,643
Balance at Jun. 24, 2023	$ 3,822	35,717	(718)	71,899	110,720
Issuance of Common Stock (in shares)	313
Issuance of Common Stock	$ 156	27,967	0	0	28,123
Repurchase of Common Stock (in shares)	(22)
Repurchase of Common Stock	$ (11)	(593)	0	(1,342)	(1,946)
Stock-Based Compensation (in shares)	44
Stock-Based Compensation	$ 22	1,219	0	0	1,241
Other Comprehensive Loss	0	0	(346)	0	(346)
Net Income	$ 0	0	0	460	460
Balance (in shares) at Sep. 23, 2023	7,978
Balance at Sep. 23, 2023	$ 3,989	$ 64,310	$ (1,064)	$ 71,017	$ 138,252

Note 1 - General

Note 1 - General	6 Months Ended
Note 1 - General	Sep. 23, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 1 GENERAL Description of Business: Basis of Presentation: 10 10 01 X not not March 25, 2023 2023 10 2023 Use of Estimates: not may Revenue Recognition: not Under Accounting Standards Codification (“ASC”) Topic 606, 30 90 Revenue recognized from prior period performance obligations for the second March 30, 2024 ( 2024 September 23, 2023 no one 606, September 23, 2023 March 25, 2023 4 Fair Value of Financial Instruments: three 1 2 3, no 1 September 23, 2023 March 25, 2023 Stock-Based Compensation: not first six 2024 2023 Foreign Currency Translation and Transactions: Transcat records foreign currency gains and losses on business transactions denominated in foreign currency. The net foreign currency was a gain of less than $0.1 million in the first six 2024 first six 2023 not first six 2024 2023 September 23, 2023 October 2023, not Earnings Per Share: For the second 2024 2023, no first six 2024 2023, Second Quarter Ended Six Months Ended September 23, September 24, September 23, September 24, 2023 2022 2023 2022 Average Shares Outstanding – Basic 7,819 7,550 7,732 7,542 Effect of Dilutive Common Stock Equivalents 129 96 108 93 Average Shares Outstanding – Diluted 7,948 7,646 7,840 7,635 Anti-dilutive Common Stock Equivalents 31 166 37 166 Goodwill and Intangible Assets: fourth not two Intangible assets, namely customer base and covenants not may not Goodwill Intangible Assets Distribution Service Total Distribution Service Total Net Book Value as of March 25, 2023 $ 11,458 $ 57,902 $ 69,360 $ 448 $ 13,351 $ 13,799 Additions 27,095 9,795 36,890 7,900 3,983 11,883 Amortization - - - (341 ) (2,187 ) (2,528 ) Currency Translation Adjustment - 116 116 - 2 2 Net Book Value as of September 23, 2023 $ 38,553 $ 67,813 $ 106,366 $ 8,007 $ 15,149 $ 23,156 Other Liabilities: (Unaudited) (Audited) September 23, March 25, 2023 2023 Current Liabilities: Accrued Payroll and Employee Benefits $ 3,440 $ 3,243 Accrued Incentives 1,873 2,507 Current Portion of Lease Liabilities 2,749 2,333 Accrued Acquisition Holdbacks 2,525 252 Accrued Contingent Consideration 942 - Other Current Liabilities 1,766 1,866 Accrued Compensation and Other Current Liabilities $ 13,295 $ 10,201 Non-Current Liabilities: Postretirement Benefit Obligation $ 1,254 $ 1,266 Accrued Acquisition Holdbacks 1,647 - Accrued Contingent Consideration 2,358 - Other Non-Current Liabilities 218 168 Other Liabilities $ 5,477 $ 1,434 Recently Adopted Accounting Pronouncements: June 2016, 2016 13, 326 not December 15, 2022. 2016 13 March 26, 2023. not

Note 2 - Long-term Debt

Note 2 - Long-term Debt	6 Months Ended
Note 2 - Long-term Debt	Sep. 23, 2023
Notes to Financial Statements
Long-Term Debt [Text Block]	NOTE 2 LONG-TERM DEBT On July 7, 2021, The Credit Agreement provides for a revolving credit commitment (the “Revolving Credit Commitment”) of $80.0 million through June 2026, 2018 "2018 The Credit Agreement allows the Company to use up to $50.0 million under the Revolving Credit Commitment for acquisitions in any single fiscal year. The Credit Agreement restricts the Company's ability to complete acquisitions of businesses with a principal place of business located in the United Kingdom or the European Union to an aggregate purchase price of $40.0 million during the term of the Credit Agreement, if the acquisition is financed directly or indirectly with the Revolving Credit Commitment. Under the Credit Agreement, the Company may As of September 23, 2023 first six 2024 As of September 23, 2023 2018 2018 December 2025. Interest and Other Costs: one first six 2024 2018 July 1, 2023. Covenants: 1.00, 1.00. first six 2024 September 23, 2023 March 25, 2023 Other Terms:

Note 3 - Stock-based Compensati

Note 3 - Stock-based Compensation	6 Months Ended
Note 3 - Stock-based Compensation	Sep. 23, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	NOTE 3 STOCK-BASED COMPENSATION In September 2021, 2021 “2021 2021 2003 “2003 2021 2003 2003 not 2021 September 23, 2023 2021 The Company receives an excess tax benefit related to restricted stock vesting and stock options exercised and redeemed. The discrete tax benefits related to share-based compensation and stock option activity during the first six 2024 2023 Restricted Stock Units: third Compensation cost ultimately recognized for performance-based restricted stock units will equal the grant date fair market value of the unit that coincides with the actual outcome of the performance conditions. On an interim basis, the Company records compensation cost based on the estimated level of achievement of the performance conditions. The expense relating to the time vested restricted stock units is recognized on a straight-line basis over the requisite service period for the entire award. The following table summarizes the non-vested restricted stock units outstanding as of September 23, 2023 Total Grant Date Estimated Number Fair Level of Date Measurement of Units Value Achievement at Granted Period Outstanding Per Unit September 23, 2023 October 2018 October 2018 – September 2027 6 $ 20.81 Time Vested June 2021 June 2021 – March 2024 10 $ 53.17 136% of target level June 2021 June 2021 – March 2024 11 $ 53.17 Time Vested September 2021 September 2021 – September 2024 4 $ 67.76 Time Vested January 2022 January 2022 – March 2024 1 $ 90.92 136% of target level January 2022 January 2022 – March 2024 1 $ 90.92 Time Vested January 2022 January 2022 – January 2025 1 $ 90.41 Time Vested March 2022 March 2022 – March 2025 1 $ 76.31 Time Vested May 2022 May 2022 – March 2025 11 $ 63.17 64% of target level May 2022 May 2022 – March 2025 12 $ 63.17 Time Vested August 2022 August 2022 – August 2025 1 $ 78.04 Time Vested December 2022 December 2022 – December 2025 1 $ 81.26 Time Vested December 2022 December 2022 – December 2025 1 $ 67.48 Time Vested May 2023 May 2023 – March 2026 10 $ 89.70 150% of target level May 2023 May 2023 – March 2026 11 $ 89.70 Time Vested May 2023 May 2023 – May 2026 19 $ 89.70 Time Vested August 2023 August 2023 – August 2024 6 $ 90.56 Time Vested September 2023 September 2023 – September 2024 4 $ 109.55 Time Vested Total expense relating to restricted stock units, based on grant date fair value and the achievement criteria, was $1.5 million and $1.2 million in the first six 2024 2023 September 23, 2023 Stock Options: five five ten We calculate the fair value of the stock options granted using the Black-Scholes model. The following weighted-average assumptions were used to value options granted during the first six 2024 2023 Second Quarter Ended Six Months Ended September 23, September 24, September 23, September 24, 2023 2022 2023 2022 Risk-Free Interest Rate 4.38 % 3.40 % 3.82 % 2.65 % Volatility Factor 36.87 % 36.49 % 37.04 % 37.62 % Expected Term (in Years) 6.27 5.47 6.22 4.58 Annual Dividend Rate 0.00 % 0.00 % 0.00 % 0.00 % We calculate expected volatility for stock options by taking an average of historical volatility over the expected term. The computation of expected term was determined based on safe harbor rules, giving consideration to the contractual terms of the stock-based awards and vesting schedules. The interest rate for periods within the contractual life of the award is based on the U.S. Treasury yield in effect at the time of grant. We assume no expected dividends. Under FASB ASC Topic 718, During the first six 2024 three five five During the first six 2023 three five The expense related to all stock option awards was $0.6 million in the first six 2024 first six 2023 The following table summarizes the Company’s options as of and for the first six September 23, 2023 Weighted Weighted Average Average Number Exercise Remaining Aggregate Of Price Per Contractual Intrinsic Options Option Term (in years) Value Outstanding as of March 25, 2023 217 $ 56.25 Granted 27 $ 93.28 Exercised (4 ) $ 24.30 Forfeited (2 ) $ 63.17 Outstanding as of September 23, 2023 238 $ 60.89 6 $ 8,130 Exercisable as of September 23, 2023 60 $ 55.34 7 $ 2,348 The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on the last trading day of the second 2024 September 23, 2023 Total unrecognized compensation cost related to non-vested stock options as of September 23, 2023 three first six 2024 first six 2023 first six 2024 2023 $0.1

Note 4 - Segment Information

Note 4 - Segment Information	6 Months Ended
Note 4 - Segment Information	Sep. 23, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 4 SEGMENT INFORMATION The basis for determining our operating segments is the manner in which financial information is used in monitoring our operations. Transcat has two reportable segments: Service and Distribution. Through our Service segment, we offer calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting and other related services. Through our Distribution segment, we sell and rent national and proprietary brand instruments to customers globally. The Company has no second first six 2024 2023 Second Quarter Ended Six Months Ended September 23, September 24, September 23, September 24, 2023 2022 2023 2022 Revenue: Service $ 41,431 $ 35,267 $ 81,284 $ 69,143 Distribution 21,373 21,172 42,118 41,957 Total 62,804 56,439 123,402 111,100 Gross Profit: Service 14,084 11,487 27,055 22,322 Distribution 6,041 5,280 11,780 10,483 Total 20,125 16,767 38,835 32,805 Operating Expenses: Service (1) 13,342 8,980 23,121 17,283 Distribution (1) 5,140 4,161 9,431 8,292 Total 18,482 13,141 32,552 25,575 Operating Income: Service 742 2,507 3,934 5,039 Distribution 901 1,119 2,349 2,191 Total 1,643 3,626 6,283 7,230 Unallocated Amounts: Interest and Other Expense, net 841 537 1,719 693 Provision for Income Taxes 342 732 1,155 1,108 Total 1,183 1,269 2,874 1,801 Net Income $ 460 $ 2,357 $ 3,409 $ 5,429 Geographic Data: Revenues to Unaffiliated Customers (2) United States (3) $ 57,119 $ 51,036 $ 111,376 $ 100,033 Canada 3,896 3,868 8,143 7,855 Other International 1,789 1,535 3,883 3,212 Total $ 62,804 $ 56,439 $ 123,402 $ 111,100 ( 1 Operating expense allocations between segments are based on actual amounts, a percentage of revenues, headcount, and management’s estimates. ( 2 Revenues are attributed to the countries based on the destination of a product shipment or the location where service is rendered. ( 3 United States includes Puerto Rico.

Note 5 - Business Acquisitions

Note 5 - Business Acquisitions	6 Months Ended
Note 5 - Business Acquisitions	Sep. 23, 2023
Notes to Financial Statements
Business Combination Disclosure [Text Block]	NOTE 5 BUSINESS ACQUISITIONS Axiom August 8, 2023, The Axiom goodwill is primarily attributable to the workforce acquired, as well as operational synergies and other intangibles that do not twelve not not The total purchase price for Axiom was approximately $38.6 million and was paid with $10.0 million in cash and the issuance of our common stock valued at $28.6 million. Pursuant to the asset purchase agreement, the Company held back approximately $3.9 million of the purchase price for certain potential post-closing adjustments. The purchase price allocation is subject to revision based upon our final review of tangible and intangible asset valuation assumptions, working capital adjustments, assets acquired, and liabilities assumed. The following is a summary of the preliminary purchase price allocation, in the aggregate, to the fair value, based on Level 3 August 8, 2023 ( Goodwill $ 27,095 Intangible Assets – Customer Base & Contracts 7,900 34,995 Plus: Cash 37 Accounts Receivable 962 Inventory 1,678 Other Current Assets 83 Property and Equipment 4,695 Less: Current Liabilities (631 ) Deferred Tax Liability (3,256 ) Total Purchase Price $ 38,563 From the date of acquisition through the end of the second 2024, SteriQual: July 12, 2023, The SteriQual goodwill is primarily attributable to the workforce acquired, as well as operational synergies and other intangibles that do not fifteen not not The total purchase price for SteriQual was approximately $4.3 million and was paid by the issuance of our common stock. Pursuant to the asset purchase agreement, the Company held back approximately $0.9 million of the purchase price for certain potential post-closing adjustments. Pursuant to the asset purchase agreement, the purchase price is subject to reduction by up to $0.5 million if certain revenue targets are not July 12, 2024. September 23, 2023, not The purchase price allocation is subject to revision based upon our final review of intangible asset valuation assumptions, working capital adjustments, assets acquired, and liabilities assumed. The following is a summary of the preliminary purchase price allocation, in the aggregate, to the fair value, based on Level 3 July 12, 2023 ( Goodwill $ 2,602 Intangible Assets – Customer Base & Contracts 1,062 Intangible Assets – Covenant Not to Compete 392 Intangible Assets – Sales Backlog 95 4,151 Plus: Accounts Receivable 665 Less: Current Liabilities (149 ) Deferred Tax Liability (383 ) Total Purchase Price $ 4,284 From the date of acquisition through the end of the second 2024, TIC-MS March 27, 2023, The TIC-MS goodwill is primarily attributable to the workforce acquired, as well as operational synergies and other intangibles that do not fifteen not not The total purchase price for TIC-MS was approximately $9.8 million and was paid with $2.9 million in cash, including $0.5 million placed in escrow for contingent consideration, certain post-closing adjustments and indemnification claims, if any, and the issuance of 77,387 shares of our common stock valued at $6.9 million. Pursuant to the asset purchase agreement, the purchase price will be subject to reduction by up to $0.5 million if a key customer relationship is not March 27, 2024. September 23, 2023, not The purchase price allocation is subject to revision based upon our final review of intangible asset valuation assumptions, working capital adjustments, assets acquired, and liabilities assumed. The following is a summary of the preliminary purchase price allocation, in the aggregate, to the fair value, based on Level 3 March 27, 2023 ( Goodwill $ 7,193 Intangible Assets – Customer Base & Contracts 2,303 Intangible Assets – Covenant Not to Compete 132 9,628 Plus: Cash 80 Accounts Receivable 470 Property and Equipment 356 Less: Current Liabilities (118 ) Deferred Tax Liability (636 ) Total Purchase Price $ 9,780 From the date of acquisition through the end of the second 2024, Elite February 2, 2023, All the goodwill related to the Elite acquisition has been allocated to the Service segment. Amortization of goodwill related to the Elite acquisition is deductible for tax purposes. The goodwill is primarily attributable to the workforce acquired, as well as operational synergies and other intangibles that do not The total purchase price for the assets of Elite was approximately $0.9 million, of which $0.8 million was paid in cash. Pursuant to the asset purchase agreement, the Company held back $0.1 million of the purchase price for certain potential post-closing adjustments. The following is a summary of the purchase price allocation, in the aggregate, to the fair value, based on Level 3 February 2, 2023 ( Goodwill $ 820 Plus: Accounts Receivable 62 Total Purchase Price $ 882 Since this operation was integrated immediately into our existing operations, its separate contributed revenue and operating income is undeterminable. Complete Calibrations September 28, 2022, All the goodwill related to the Complete Calibrations acquisition has been allocated to the Service segment. Amortization of goodwill related to the Complete Calibrations acquisition is not not The total purchase price paid for Complete Calibrations was approximately $1.2 million in cash. In connection with this transaction, the Company also entered into a Technology License Agreement with Calibration Robots Limited, an Irish company and related party to Complete Calibrations, for the use of their proprietary robotics in completing calibrations. The Technology License Agreement includes transactional royalties in the amount of 3 Euros ($3.19) per calibration performed by technology covered under this license agreement, with a royalty term of up to ten March 28, 2024. September 23, 2023. The following is a summary of the purchase price allocation, in the aggregate, to the fair value, based on Level 3 September 28, 2022 ( Goodwill $ 1,123 Plus: Cash 10 Inventory 44 Total Purchase Price $ 1,177 During the first six 2024, e2b September 27, 2022, e2b “e2b” The e2b not e2b e2b fifteen e2b The total purchase price paid for the assets of e2b third 2023, September 23, 2023, The following is a summary of the purchase price allocation, in the aggregate, to the fair value, based on Level 3 e2b’s September 27, 2022 ( Goodwill $ 1,367 Intangible Assets – Customer Base & Contracts 746 Intangible Assets – Covenant Not to Compete 396 2,509 Plus: Accounts Receivable 361 Other Current Assets 24 Property and Equipment 326 Less: Current Liabilities (121 ) Total Purchase Price $ 3,099 During the first six 2024, e2b Alliance May 31, 2022, The Alliance goodwill is primarily attributable to the workforce acquired, as well as operational synergies and other intangibles that do not fifteen The purchase price for Alliance was approximately $4.7 million and was paid with $4.0 million in cash and the issuance of 2,284 shares of our common stock valued at $0.1 million. Pursuant to the asset purchase agreement, the Company held back $0.5 million of the purchase price for certain potential post-closing adjustments, and the purchase price would have been subject to reduction by $0.5 million if a key customer relationship was not first 2024, The following is a summary of the purchase price allocation, in the aggregate, to the fair value, based on Level 3 May 31, 2022 ( Goodwill $ 1,783 Intangible Assets – Customer Base & Contracts 2,320 Intangible Assets – Covenant Not to Compete 114 4,217 Plus: Accounts Receivable 343 Property and Equipment 170 Less: Current Liabilities (27 ) Total Purchase Price $ 4,703 During the first six 2024, NEXA August 31, 2021, September 11, 2023, August 31, 2021 ( Pursuant to the Purchase Agreement, the Sellers were entitled to potential earn-out payments in an aggregate amount of up to $7.5 million for the calendar years ending December 31, 2022, 2023, 2024, 2025 70% 25% 2022 not Pursuant to the Amendment, the Sellers are now entitled to potential earn-out payments in an aggregate amount of up to $7.1 million for the remaining Earn-Out Years ( 2023, 2024 2025 70% 150% 30 two may As of March 25, 2023, 3 September 23, 2023, 3 1 2 3 4 3 may September 23, 2023. The results of acquired businesses are included in Transcat’s consolidated operating results as of the dates the businesses were acquired. The following unaudited pro forma information presents the Company’s results of operations as if the acquisitions of Axiom, SteriQual, TIC-MS, Elite, Complete Calibrations, e2b 2023. not (Unaudited) (Unaudited) Second Quarter Ended Six Months Ended (in thousands except per share information) September 23, 2023 September 24, 2022 September 23, 2023 September 24, 2022 Total Revenue $ 66,077 $ 62,280 $ 131,550 $ 123,410 Net Income $ 422 $ 1,670 $ 3,085 $ 3,975 Basic Earnings Per Share $ 0.05 $ 0.22 $ 0.40 $ 0.53 Diluted Earnings Per Share $ 0.05 $ 0.22 $ 0.39 $ 0.52 Certain of the Company’s acquisition agreements include provisions for contingent consideration and other holdback amounts. The Company accrues for contingent consideration and holdback provisions based on their estimated fair value at the date of acquisition and at subsequent remeasurement periods, as applicable. As of September 23, 2023 first six 2024 first six 2023 During the first six 2024 2023,

Note 6 - Subsequent Event

Note 6 - Subsequent Event	6 Months Ended
Note 6 - Subsequent Event	Sep. 23, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 6 SUBSEQUENT EVENT On September 21, 2023, September 25, 2023

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
Significant Accounting Policies (Policies)	Sep. 23, 2023
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation: 10 10 01 X not not March 25, 2023 2023 10 2023
Use of Estimates, Policy [Policy Text Block]	Use of Estimates: not may
Revenue [Policy Text Block]	Revenue Recognition: not Under Accounting Standards Codification (“ASC”) Topic 606, 30 90 Revenue recognized from prior period performance obligations for the second March 30, 2024 ( 2024 September 23, 2023 no one 606, September 23, 2023 March 25, 2023 4
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments: three 1 2 3, no 1 September 23, 2023 March 25, 2023
Share-Based Payment Arrangement [Policy Text Block]	Stock-Based Compensation: not first six 2024 2023
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation and Transactions: Transcat records foreign currency gains and losses on business transactions denominated in foreign currency. The net foreign currency was a gain of less than $0.1 million in the first six 2024 first six 2023 not first six 2024 2023 September 23, 2023 October 2023, not
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Share: For the second 2024 2023, no first six 2024 2023, Second Quarter Ended Six Months Ended September 23, September 24, September 23, September 24, 2023 2022 2023 2022 Average Shares Outstanding – Basic 7,819 7,550 7,732 7,542 Effect of Dilutive Common Stock Equivalents 129 96 108 93 Average Shares Outstanding – Diluted 7,948 7,646 7,840 7,635 Anti-dilutive Common Stock Equivalents 31 166 37 166
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Intangible Assets: fourth not two Intangible assets, namely customer base and covenants not may not Goodwill Intangible Assets Distribution Service Total Distribution Service Total Net Book Value as of March 25, 2023 $ 11,458 $ 57,902 $ 69,360 $ 448 $ 13,351 $ 13,799 Additions 27,095 9,795 36,890 7,900 3,983 11,883 Amortization - - - (341 ) (2,187 ) (2,528 ) Currency Translation Adjustment - 116 116 - 2 2 Net Book Value as of September 23, 2023 $ 38,553 $ 67,813 $ 106,366 $ 8,007 $ 15,149 $ 23,156
Other Liabilities Policy [Policy Text Block]	Other Liabilities: (Unaudited) (Audited) September 23, March 25, 2023 2023 Current Liabilities: Accrued Payroll and Employee Benefits $ 3,440 $ 3,243 Accrued Incentives 1,873 2,507 Current Portion of Lease Liabilities 2,749 2,333 Accrued Acquisition Holdbacks 2,525 252 Accrued Contingent Consideration 942 - Other Current Liabilities 1,766 1,866 Accrued Compensation and Other Current Liabilities $ 13,295 $ 10,201 Non-Current Liabilities: Postretirement Benefit Obligation $ 1,254 $ 1,266 Accrued Acquisition Holdbacks 1,647 - Accrued Contingent Consideration 2,358 - Other Non-Current Liabilities 218 168 Other Liabilities $ 5,477 $ 1,434
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Adopted Accounting Pronouncements: June 2016, 2016 13, 326 not December 15, 2022. 2016 13 March 26, 2023. not

Note 1 - General (Tables)

Note 1 - General (Tables)	6 Months Ended
Note 1 - General (Tables)	Sep. 23, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Second Quarter Ended Six Months Ended September 23, September 24, September 23, September 24, 2023 2022 2023 2022 Average Shares Outstanding – Basic 7,819 7,550 7,732 7,542 Effect of Dilutive Common Stock Equivalents 129 96 108 93 Average Shares Outstanding – Diluted 7,948 7,646 7,840 7,635 Anti-dilutive Common Stock Equivalents 31 166 37 166
Schedule of Intangible Assets and Goodwill [Table Text Block]	Goodwill Intangible Assets Distribution Service Total Distribution Service Total Net Book Value as of March 25, 2023 $ 11,458 $ 57,902 $ 69,360 $ 448 $ 13,351 $ 13,799 Additions 27,095 9,795 36,890 7,900 3,983 11,883 Amortization - - - (341 ) (2,187 ) (2,528 ) Currency Translation Adjustment - 116 116 - 2 2 Net Book Value as of September 23, 2023 $ 38,553 $ 67,813 $ 106,366 $ 8,007 $ 15,149 $ 23,156
Schedule of Accrued Liabilities [Table Text Block]	(Unaudited) (Audited) September 23, March 25, 2023 2023 Current Liabilities: Accrued Payroll and Employee Benefits $ 3,440 $ 3,243 Accrued Incentives 1,873 2,507 Current Portion of Lease Liabilities 2,749 2,333 Accrued Acquisition Holdbacks 2,525 252 Accrued Contingent Consideration 942 - Other Current Liabilities 1,766 1,866 Accrued Compensation and Other Current Liabilities $ 13,295 $ 10,201 Non-Current Liabilities: Postretirement Benefit Obligation $ 1,254 $ 1,266 Accrued Acquisition Holdbacks 1,647 - Accrued Contingent Consideration 2,358 - Other Non-Current Liabilities 218 168 Other Liabilities $ 5,477 $ 1,434

Note 3 - Stock-based Compensa_2

Note 3 - Stock-based Compensation (Tables)	6 Months Ended
Note 3 - Stock-based Compensation (Tables)	Sep. 23, 2023
Notes Tables
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Total Grant Date Estimated Number Fair Level of Date Measurement of Units Value Achievement at Granted Period Outstanding Per Unit September 23, 2023 October 2018 October 2018 – September 2027 6 $ 20.81 Time Vested June 2021 June 2021 – March 2024 10 $ 53.17 136% of target level June 2021 June 2021 – March 2024 11 $ 53.17 Time Vested September 2021 September 2021 – September 2024 4 $ 67.76 Time Vested January 2022 January 2022 – March 2024 1 $ 90.92 136% of target level January 2022 January 2022 – March 2024 1 $ 90.92 Time Vested January 2022 January 2022 – January 2025 1 $ 90.41 Time Vested March 2022 March 2022 – March 2025 1 $ 76.31 Time Vested May 2022 May 2022 – March 2025 11 $ 63.17 64% of target level May 2022 May 2022 – March 2025 12 $ 63.17 Time Vested August 2022 August 2022 – August 2025 1 $ 78.04 Time Vested December 2022 December 2022 – December 2025 1 $ 81.26 Time Vested December 2022 December 2022 – December 2025 1 $ 67.48 Time Vested May 2023 May 2023 – March 2026 10 $ 89.70 150% of target level May 2023 May 2023 – March 2026 11 $ 89.70 Time Vested May 2023 May 2023 – May 2026 19 $ 89.70 Time Vested August 2023 August 2023 – August 2024 6 $ 90.56 Time Vested September 2023 September 2023 – September 2024 4 $ 109.55 Time Vested
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Second Quarter Ended Six Months Ended September 23, September 24, September 23, September 24, 2023 2022 2023 2022 Risk-Free Interest Rate 4.38 % 3.40 % 3.82 % 2.65 % Volatility Factor 36.87 % 36.49 % 37.04 % 37.62 % Expected Term (in Years) 6.27 5.47 6.22 4.58 Annual Dividend Rate 0.00 % 0.00 % 0.00 % 0.00 %
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Weighted Weighted Average Average Number Exercise Remaining Aggregate Of Price Per Contractual Intrinsic Options Option Term (in years) Value Outstanding as of March 25, 2023 217 $ 56.25 Granted 27 $ 93.28 Exercised (4 ) $ 24.30 Forfeited (2 ) $ 63.17 Outstanding as of September 23, 2023 238 $ 60.89 6 $ 8,130 Exercisable as of September 23, 2023 60 $ 55.34 7 $ 2,348

Note 4 - Segment Information (T

Note 4 - Segment Information (Tables)	6 Months Ended
Note 4 - Segment Information (Tables)	Sep. 23, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Second Quarter Ended Six Months Ended September 23, September 24, September 23, September 24, 2023 2022 2023 2022 Revenue: Service $ 41,431 $ 35,267 $ 81,284 $ 69,143 Distribution 21,373 21,172 42,118 41,957 Total 62,804 56,439 123,402 111,100 Gross Profit: Service 14,084 11,487 27,055 22,322 Distribution 6,041 5,280 11,780 10,483 Total 20,125 16,767 38,835 32,805 Operating Expenses: Service (1) 13,342 8,980 23,121 17,283 Distribution (1) 5,140 4,161 9,431 8,292 Total 18,482 13,141 32,552 25,575 Operating Income: Service 742 2,507 3,934 5,039 Distribution 901 1,119 2,349 2,191 Total 1,643 3,626 6,283 7,230 Unallocated Amounts: Interest and Other Expense, net 841 537 1,719 693 Provision for Income Taxes 342 732 1,155 1,108 Total 1,183 1,269 2,874 1,801 Net Income $ 460 $ 2,357 $ 3,409 $ 5,429 Geographic Data: Revenues to Unaffiliated Customers (2) United States (3) $ 57,119 $ 51,036 $ 111,376 $ 100,033 Canada 3,896 3,868 8,143 7,855 Other International 1,789 1,535 3,883 3,212 Total $ 62,804 $ 56,439 $ 123,402 $ 111,100

Note 5 - Business Acquisitions

Note 5 - Business Acquisitions (Tables)	6 Months Ended
Note 5 - Business Acquisitions (Tables)	Sep. 23, 2023
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Goodwill $ 27,095 Intangible Assets – Customer Base & Contracts 7,900 34,995 Plus: Cash 37 Accounts Receivable 962 Inventory 1,678 Other Current Assets 83 Property and Equipment 4,695 Less: Current Liabilities (631 ) Deferred Tax Liability (3,256 ) Total Purchase Price $ 38,563 Goodwill $ 2,602 Intangible Assets – Customer Base & Contracts 1,062 Intangible Assets – Covenant Not to Compete 392 Intangible Assets – Sales Backlog 95 4,151 Plus: Accounts Receivable 665 Less: Current Liabilities (149 ) Deferred Tax Liability (383 ) Total Purchase Price $ 4,284 Goodwill $ 7,193 Intangible Assets – Customer Base & Contracts 2,303 Intangible Assets – Covenant Not to Compete 132 9,628 Plus: Cash 80 Accounts Receivable 470 Property and Equipment 356 Less: Current Liabilities (118 ) Deferred Tax Liability (636 ) Total Purchase Price $ 9,780 Goodwill $ 820 Plus: Accounts Receivable 62 Total Purchase Price $ 882 Goodwill $ 1,123 Plus: Cash 10 Inventory 44 Total Purchase Price $ 1,177 Goodwill $ 1,367 Intangible Assets – Customer Base & Contracts 746 Intangible Assets – Covenant Not to Compete 396 2,509 Plus: Accounts Receivable 361 Other Current Assets 24 Property and Equipment 326 Less: Current Liabilities (121 ) Total Purchase Price $ 3,099 Goodwill $ 1,783 Intangible Assets – Customer Base & Contracts 2,320 Intangible Assets – Covenant Not to Compete 114 4,217 Plus: Accounts Receivable 343 Property and Equipment 170 Less: Current Liabilities (27 ) Total Purchase Price $ 4,703
Business Acquisition, Pro Forma Information [Table Text Block]	(Unaudited) (Unaudited) Second Quarter Ended Six Months Ended (in thousands except per share information) September 23, 2023 September 24, 2022 September 23, 2023 September 24, 2022 Total Revenue $ 66,077 $ 62,280 $ 131,550 $ 123,410 Net Income $ 422 $ 1,670 $ 3,085 $ 3,975 Basic Earnings Per Share $ 0.05 $ 0.22 $ 0.40 $ 0.53 Diluted Earnings Per Share $ 0.05 $ 0.22 $ 0.39 $ 0.52

Note 1 - General (Details Textu

Note 1 - General (Details Textual) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Sep. 23, 2023	Sep. 24, 2022	Sep. 30, 2023	Mar. 25, 2023
Investments	$ 0.2			$ 0.2
Share-Based Payment Arrangement, Expense	2.2	$ 1.9
Realized Gain (Loss), Foreign Currency Transaction, before Tax	0.1	0.1
Unrealized Gain (Loss), Foreign Currency Transaction, before Tax	$ 0.1	$ 0.3
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.50		$ 0.50	$ 0.50
Dilutive Securities, Effect Per Share on Earnings (in dollars per share)	$ 0.01	$ 0.01
Foreign Exchange Contract [Member]
Derivative Asset, Notional Amount	$ 2.1

Note 1 - General - Computation

Note 1 - General - Computation of Basic and Diluted Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Sep. 23, 2023	Sep. 24, 2022	Sep. 23, 2023	Sep. 24, 2022
Average Shares Outstanding – Basic (in shares)	7,819	7,550	7,732	7,542
Effect of Dilutive Common Stock Equivalents (in shares)	129	96	108	93
Average Shares Outstanding – Diluted (in shares)	7,948	7,646	7,840	7,635
Anti-dilutive Common Stock Equivalents (in shares)	31	166	37	166

Note 1 - General - Summary of C

Note 1 - General - Summary of Changes in Goodwill and Intangible Assets (Details) $ in Thousands	6 Months Ended
	Sep. 23, 2023 USD ($)
Net Book Value, goodwill	$ 69,360
Net Book Value, intangible assets	13,799
Additions, goodwill	36,890
Additions, intangible assets	11,883
Amortization, goodwill	0
Amortization, intangible assets	(2,528)
Currency Translation Adjustment, goodwill	116
Currency Translation Adjustment, intangible assets	2
Net Book Value, goodwill	106,366
Net Book Value, intangible assets	23,156
Distribution Segment [Member]
Net Book Value, goodwill	11,458
Net Book Value, intangible assets	448
Additions, goodwill	27,095
Additions, intangible assets	7,900
Amortization, goodwill	0
Amortization, intangible assets	(341)
Currency Translation Adjustment, goodwill	0
Currency Translation Adjustment, intangible assets	0
Net Book Value, goodwill	38,553
Net Book Value, intangible assets	8,007
Service Segment [Member]
Net Book Value, goodwill	57,902
Net Book Value, intangible assets	13,351
Additions, goodwill	9,795
Additions, intangible assets	3,983
Amortization, goodwill	0
Amortization, intangible assets	(2,187)
Currency Translation Adjustment, goodwill	116
Currency Translation Adjustment, intangible assets	2
Net Book Value, goodwill	67,813
Net Book Value, intangible assets	$ 15,149

Note 1 - General - Summary of L

Note 1 - General - Summary of Liabilities Current and Non-current (Details) - USD ($) $ in Thousands	Sep. 23, 2023	Mar. 25, 2023
Accrued Payroll and Employee Benefits	$ 3,440	$ 3,243
Accrued Incentives	1,873	2,507
Current Portion of Lease Liabilities	2,749	2,333
Accrued Acquisition Holdbacks	2,525	252
Accrued Contingent Consideration	942	0
Other Current Liabilities	1,766	1,866
Accrued Compensation and Other Current Liabilities	13,295	10,201
Postretirement Benefit Obligation	1,254	1,266
Accrued Acquisition Holdbacks	1,647	0
Accrued Contingent Consideration	2,358	0
Other Non-Current Liabilities	218	168
Other Liabilities	$ 5,477	$ 1,434

Note 2 - Long-term Debt (Detail

Note 2 - Long-term Debt (Details Textual) $ in Thousands	6 Months Ended		12 Months Ended
Note 2 - Long-term Debt (Details Textual) $ in Thousands	Sep. 23, 2023 USD ($)	Sep. 23, 2023 USD ($)	Mar. 25, 2023 USD ($)	Jun. 24, 2023 USD ($)	Sep. 26, 2021	Jul. 07, 2021 USD ($)	May 18, 2020 USD ($)
Long-Term Debt, Current Maturities	$ 2,293	$ 2,293	$ 2,248
The 2018 Term Loan [Member]
Debt Instrument, Face Amount						$ 15,000
Long-Term Debt, Current Maturities	2,300	2,300
Debt Instrument, Periodic Payment, Total	200
Debt Instrument, Interest Rate, Stated Percentage					3.90%
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity						80,000
Debt Instrument, Covenant, Restriction to Repurchase Shares and Pay Dividends, Aggregate						10,000	$ 25,000
Line of Credit Facility, Current Borrowing Capacity	32,000	32,000
Long-Term Line of Credit	48,000	48,000
Business Acquisition, Transaction Costs	12,900	12,900
Long-Term Debt	$ 5,300	$ 5,300
LIBOR Floor	0.25%	0.25%
Debt Instrument, Covenant, Maximum Fixed Charge Ratio		1.15
Debt Instrument, Covenant, Maximum Total Leverage Ratio		3
Total Leverage Ratio		1.37	1.60
Revolving Credit Facility [Member] \| Maximum [Member]
Debt Instrument, Permitted Acquisition, Aggregate Purchase Price				$ 50,000
Debt Instrument, Permitted Acquisition, Additional Aggregate Purchase Price				$ 40,000
Debt Instrument, Interest Rate, Effective Percentage	7.10%	7.10%
Revolving Credit Facility [Member] \| Minimum [Member]
Debt Instrument, Interest Rate, Effective Percentage	6.40%	6.40%
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity						$ 10,000

Note 3 - Stock-based Compensa_3

Note 3 - Stock-based Compensation (Details Textual) - USD ($) Pure in Thousands, $ in Millions	3 Months Ended			6 Months Ended
	Sep. 23, 2023	Jun. 24, 2023	Sep. 24, 2022	Sep. 23, 2023	Sep. 24, 2022
Share-Based Payment Arrangement, Expense, Tax Benefit				$ 0.6	$ 0.5
Share-Based Payment Arrangement, Expense				$ 2.2	1.9
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate				0%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)		27,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value				$ 0.3	0.2
Proceeds from Stock Options Exercised				$ 0.1	$ 0.1
Board of Directors Member [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)				5 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)				10,000
Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)				5 years	5 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)				10,000	10,000
Performance-based Restricted Stock Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)		3 years
Restricted Stock Units (RSUs) [Member]
Share-Based Payment Arrangement, Expense				$ 1.5	$ 1.2
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 5.2			$ 5.2
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)				5 years	3 years
Share-Based Payment Arrangement, Expense				$ 0.6	$ 0.7
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 2.3			$ 2.3
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0%		0%	0%	0%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)					46,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)				3 years
Share-Based Payment Arrangement, Option [Member] \| Share-Based Payment Arrangement, Employee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)				3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)				7,000
Share-Based Payment Arrangement, Option [Member] \| Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)				5 years
Share-Based Payment Arrangement, Option [Member] \| Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)				10 years
The 2021 Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)	600,000			600,000

Note 3 - Stock-based Compensa_4

Note 3 - Stock-based Compensation - Summary of Non-vested Restricted Stock Units (Details) - Performance-based Restricted Stock Units [Member] shares in Thousands	Sep. 23, 2023 $ / shares shares
October 2018 [Member]
Total number of units outstanding (in shares) \| shares	6
Grant date fair value per unit (in dollars per share) \| $ / shares	$ 20.81
July 2020 [Member]
Total number of units outstanding (in shares) \| shares	10
Grant date fair value per unit (in dollars per share) \| $ / shares	$ 53.17
September 2020, First Issuance [Member]
Total number of units outstanding (in shares) \| shares	11
Grant date fair value per unit (in dollars per share) \| $ / shares	$ 53.17
September 2020, Second Issuance [Member]
Total number of units outstanding (in shares) \| shares	4
Grant date fair value per unit (in dollars per share) \| $ / shares	$ 67.76
September 2020, Third Issuance [Member]
Total number of units outstanding (in shares) \| shares	1
Grant date fair value per unit (in dollars per share) \| $ / shares	$ 90.92
June 2021, First Issuance [Member]
Total number of units outstanding (in shares) \| shares	1
Grant date fair value per unit (in dollars per share) \| $ / shares	$ 90.92
June 2021, Second Issuance [Member]
Total number of units outstanding (in shares) \| shares	1
Grant date fair value per unit (in dollars per share) \| $ / shares	$ 90.41
September 2021 [Member]
Total number of units outstanding (in shares) \| shares	1
Grant date fair value per unit (in dollars per share) \| $ / shares	$ 76.31
January 2022, First Issuance [Member]
Total number of units outstanding (in shares) \| shares	11
Grant date fair value per unit (in dollars per share) \| $ / shares	$ 63.17
January 2022, Second Issuance [Member]
Total number of units outstanding (in shares) \| shares	12
Grant date fair value per unit (in dollars per share) \| $ / shares	$ 63.17
January 2022, Third Issuance [Member]
Total number of units outstanding (in shares) \| shares	1
Grant date fair value per unit (in dollars per share) \| $ / shares	$ 78.04
March 2022 [Member]
Total number of units outstanding (in shares) \| shares	1
Grant date fair value per unit (in dollars per share) \| $ / shares	$ 81.26
May 2022, First Issuance [Member]
Total number of units outstanding (in shares) \| shares	1
Grant date fair value per unit (in dollars per share) \| $ / shares	$ 67.48
May 2022, Second Issuance [Member]
Total number of units outstanding (in shares) \| shares	10
Grant date fair value per unit (in dollars per share) \| $ / shares	$ 89.70
August 2022 Issuance [Member]
Total number of units outstanding (in shares) \| shares	11
Grant date fair value per unit (in dollars per share) \| $ / shares	$ 89.70
September 2022 [Member]
Total number of units outstanding (in shares) \| shares	19
Grant date fair value per unit (in dollars per share) \| $ / shares	$ 89.70
December 2022 First Issuance [Member]
Total number of units outstanding (in shares) \| shares	6
Grant date fair value per unit (in dollars per share) \| $ / shares	$ 90.56
December 2022 Second Issuance [Member]
Total number of units outstanding (in shares) \| shares	4
Grant date fair value per unit (in dollars per share) \| $ / shares	$ 109.55

Note 3 - Stock-based Compensa_5

Note 3 - Stock-based Compensation - Weighted Average Assumptions (Details)	3 Months Ended		6 Months Ended
	Sep. 23, 2023	Sep. 24, 2022	Sep. 23, 2023	Sep. 24, 2022
Annual Dividend Rate			0%
Share-Based Payment Arrangement, Option [Member]
Risk-Free Interest Rate	4.38%	3.40%	3.82%	2.65%
Volatility Factor	36.87%	36.49%	37.04%	37.62%
Expected Term (in Years) (Year)	6 years 3 months 7 days	5 years 5 months 19 days	6 years 2 months 19 days	4 years 6 months 29 days
Annual Dividend Rate	0%	0%	0%	0%

Note 3 - Stock-based Compensa_6

Note 3 - Stock-based Compensation - Summary of Options (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 24, 2023 USD ($) $ / shares shares
Outstanding, number of options (in shares) \| shares	217
Outstanding, weighted average exercise price (in dollars per share) \| $ / shares	$ 56.25
Granted, number of options (in shares) \| shares	27
Granted, weighted average exercise price (in dollars per share) \| $ / shares	$ 93.28
Exercised, number of options (in shares) \| shares	(4)
Exercised, weighted average exercise price (in dollars per share) \| $ / shares	$ 24.30
Forfeited, number of options (in shares) \| shares	(2)
Forfeited, weighted average exercise price (in dollars per share) \| $ / shares	$ 63.17
Outstanding, number of options (in shares) \| shares	238
Outstanding, weighted average exercise price (in dollars per share) \| $ / shares	$ 60.89
Outstanding, weighted average remaining contractual term (Year)	6 years
Oustanding, aggregate intrinsic value \| $	$ 8,130
Exercisable, number of options (in shares) \| shares	60
Exercisable, weighted average exercise price (in dollars per share) \| $ / shares	$ 55.34
Exercisable, weighted average remaining contractual term (Year)	7 years
Exercisable, aggregate intrinsic value \| $	$ 2,348

Note 4 - Segment Information (D

Note 4 - Segment Information (Details Textual)	6 Months Ended
Note 4 - Segment Information (Details Textual)	Sep. 23, 2023
Number of Reportable Segments	2

Note 4 - Segment Information -

Note 4 - Segment Information - Segment and Geographic Data (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Sep. 23, 2023	Jun. 24, 2023	Sep. 24, 2022	Jun. 25, 2022	Sep. 23, 2023	Sep. 24, 2022
Revenue	$ 62,804		$ 56,439		$ 123,402	$ 111,100
Gross Profit	20,125		16,767		38,835	32,805
Operating Expenses	18,482		13,141		32,552	25,575
Operating Income	1,643		3,626		6,283	7,230
Interest and Other Expense, net	841		537		1,719	693
Provision for Income Taxes	342		732		1,155	1,108
Total	1,183		1,269		2,874	1,801
Net Income	460	$ 2,949	2,357	$ 3,072	3,409	5,429
UNITED STATES
Revenue	57,119		51,036		111,376	100,033
CANADA
Revenue	3,896		3,868		8,143	7,855
Other International [Member]
Revenue	1,789		1,535		3,883	3,212
Service Segment [Member] \| Operating Segments [Member]
Revenue	41,431		35,267		81,284	69,143
Gross Profit	14,084		11,487		27,055	22,322
Operating Expenses	13,342		8,980		23,121	17,283
Operating Income	742		2,507		3,934	5,039
Distribution Segment [Member] \| Operating Segments [Member]
Revenue	21,373		21,172		42,118	41,957
Gross Profit	6,041		5,280		11,780	10,483
Operating Expenses	5,140		4,161		9,431	8,292
Operating Income	$ 901		$ 1,119		$ 2,349	$ 2,191

Note 5 - Business Acquisition_2

Note 5 - Business Acquisitions (Details Textual) $ / shares in Units, € in Thousands, $ in Thousands									2 Months Ended		3 Months Ended				6 Months Ended
	Aug. 08, 2023 USD ($)	Jul. 12, 2023 USD ($)	Mar. 27, 2023 USD ($) shares	Feb. 02, 2023 USD ($)	Sep. 28, 2022 USD ($)	Sep. 28, 2022 EUR (€)	Sep. 27, 2022 USD ($)	May 31, 2022 USD ($) shares	Sep. 23, 2023 USD ($) $ / shares	Sep. 23, 2023 USD ($) $ / shares	Sep. 23, 2023 USD ($) $ / shares	Jun. 24, 2023 USD ($)	Dec. 24, 2022 USD ($)	Sep. 24, 2022 USD ($)	Sep. 23, 2023 USD ($) $ / shares	Sep. 23, 2023 USD ($) $ / shares	Sep. 24, 2022 USD ($)	Sep. 23, 2022 USD ($)	Aug. 31, 2021 USD ($)
Revenues											$ 62,804			$ 56,439		$ 123,402	$ 111,100
Operating Income (Loss)											1,643			$ 3,626		6,283	7,230
Share-Based Payment Arrangement, Expense																2,200	1,900
Business Combination, Contingent Consideration, Liability, Current									$ 900	$ 900	900				$ 900	900
Unpaid Amounts for Other Holdbacks									$ 2,500	$ 2,500	$ 2,500				$ 2,500	2,500
Payment for Contingent Consideration Liability, Financing Activities																2,400
Payments for Other Holdbacks																1,600	0
Other Expense [Member]
Payment for Contingent Consideration Liability, Financing Activities												$ 0
Payments for Other Holdbacks																300
General and Administrative Expense [Member]
Business Combination, Acquisition Related Costs																500	$ 100
Complete Calibrations [Member]
Revenues																$ 200
Foreign Currency Exchange Rate, Translation									1.0646	1.0646	1.0646				1.0646	1.0646
Operating Income (Loss)																$ 100
Axiom [Member]
Business Combination, Consideration Transferred	$ 38,600
Payments to Acquire Businesses, Gross	10,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	28,600
Business Combination, Payment Withheld for Potential Post-closing Adjustments	$ 3,900
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual									$ 1,400
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual									100
SteriQual, Inc. [Member]
Business Combination, Consideration Transferred		$ 4,300
Business Combination, Consideration Held Back		900
Business Combination, Consideration Subject to Reduction		$ 500	$ 500
Revenues										$ 700
Cash Out of Escrow Account										100
TIC-MS, Inc. [Member]
Business Combination, Consideration Transferred			9,800
Payments to Acquire Businesses, Gross			2,900
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable			$ 6,900
Revenues															$ 1,700
Cash Out of Escrow Account															700
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)			15 years
Escrow Deposit			$ 500
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) \| shares			77,387
TIC-MS, Inc. [Member] \| Scenario, Adjustment [Member]
Business Combination, Potential Purchase Price Adjustment for Failure to Retain Key Customer Relationships			$ 500
Elite [Member]
Business Combination, Consideration Transferred				$ 900
Payments to Acquire Businesses, Gross				800
Business Combination, Payment Withheld for Potential Post-closing Adjustments				$ 100
Complete Calibrations [Member]
Payments to Acquire Businesses, Gross					$ 1,200
Complete Calibrations [Member] \| Technology License Agreement [Member]
Royalties Per Technology Calibration					$ 3,190	€ 3,000
Technology License Agreement, Term (Year)					10 years	10 years
Cumulative License Revenue					$ 800	€ 750
Annual Royalty Fee, Amount					$ 110	€ 100
e2b [Member]
Payments to Acquire Businesses, Gross							$ 3,100
Business Combination, Consideration Held Back							$ 900
Revenues																1,800
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)							15 years
Escrow Deposit									300	300	$ 300				300	300
Operating Income (Loss)																200
Escrow Released to Sellers													$ 600
Alliance [Member]
Business Combination, Consideration Transferred								$ 4,700
Payments to Acquire Businesses, Gross								4,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable								100
Business Combination, Consideration Held Back								500
Business Combination, Consideration Subject to Reduction								$ 500				$ 500
Revenues																1,300
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)								15 years
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) \| shares								2,284
Operating Income (Loss)																400
NEXA [Member]
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High									$ 7,100	$ 7,100	$ 7,100				$ 7,100	$ 7,100		$ 400	$ 7,500
Business Combination, Contingent Consideration, Maximum Price Per Share for Cash Earn Out Payment (in dollars per share) \| $ / shares									$ 45.07	$ 45.07	$ 45.07				$ 45.07	$ 45.07
Business Combination, Contingent Consideration, Liability									$ 2,800	$ 2,800	$ 2,800				$ 2,800	$ 2,800
Share-Based Payment Arrangement, Expense																$ 2,800
NEXA [Member] \| Measurement Input, Cost to Sell [Member]
Business Combination, Contingent Consideration, Liability, Measurement Input									9	9	9				9	9
NEXA [Member] \| Measurement Input, Risk Free Interest Rate [Member]
Business Combination, Contingent Consideration, Liability, Measurement Input									5	5	5				5	5
NEXA [Member] \| Measurement Input, Price Volatility [Member]
Business Combination, Contingent Consideration, Liability, Measurement Input									25	25	25				25	25

Note 5 - Business Acquisition_3

Note 5 - Business Acquisitions - Summary of Purchase Price Allocation (Details) - USD ($) $ in Thousands	Sep. 23, 2023	Aug. 08, 2023	Jul. 12, 2023	Mar. 27, 2023	Mar. 25, 2023	Feb. 02, 2023	Sep. 28, 2022	Sep. 27, 2022	May 31, 2022
Goodwill	$ 106,366				$ 69,360
TIC-MS, Inc. [Member]
Goodwill		$ 27,095		$ 7,193
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, Intangibles and Deferred Taxes		34,995		9,628
Cash		37		80
Accounts Receivable		962		470
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory		1,678
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other		(83)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		4,695		356
Current Liabilities		(631)		(118)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities		(3,256)		(636)
Total Purchase Price		38,563		9,780
Other Current Assets		83
Property and Equipment		4,695		356
Deferred Tax Liability		(3,256)		(636)
TIC-MS, Inc. [Member] \| Customer-Related Intangible Assets [Member]
Intangible Assets		$ 7,900		2,303
TIC-MS, Inc. [Member] \| Noncompete Agreements [Member]
Intangible Assets				$ 132
e2b [Member]
Goodwill			$ 2,602					$ 1,367
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, Intangibles and Deferred Taxes			4,151					2,509
Accounts Receivable			665					361
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other			(383)					(24)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment								326
Current Liabilities			(149)					(121)
Total Purchase Price			4,284					3,099
Other Current Assets			383					24
Property and Equipment								326
e2b [Member] \| Customer-Related Intangible Assets [Member]
Intangible Assets			1,062					746
e2b [Member] \| Noncompete Agreements [Member]
Intangible Assets			392					$ 396
e2b [Member] \| Sales Backlog [Member]
Intangible Assets			$ 95
Elite [Member]
Goodwill						$ 820
Accounts Receivable						62
Total Purchase Price						$ 882
Complete Calibrations [Member]
Goodwill							$ 1,123
Cash							10
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory							44
Total Purchase Price							$ 1,177
Alliance [Member]
Goodwill									$ 1,783
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, Intangibles and Deferred Taxes									4,217
Accounts Receivable									343
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment									170
Current Liabilities									(27)
Total Purchase Price									4,703
Property and Equipment									170
Alliance [Member] \| Customer-Related Intangible Assets [Member]
Intangible Assets									2,320
Alliance [Member] \| Noncompete Agreements [Member]
Intangible Assets									$ 114

Note 5 - Business Acquisition_4

Note 5 - Business Acquisitions - Pro Forma Results (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 23, 2023	Sep. 24, 2022	Sep. 23, 2023	Sep. 24, 2022
Total Revenue	$ 66,077	$ 62,280	$ 131,550	$ 123,410
Net Income	$ 422	$ 1,670	$ 3,085	$ 3,975
Basic Earnings Per Share (in dollars per share)	$ 0.05	$ 0.22	$ 0.40	$ 0.53
Diluted Earnings Per Share (in dollars per share)	$ 0.05	$ 0.22	$ 0.39	$ 0.52

Note 6 - Subsequent Event (Deta

Note 6 - Subsequent Event (Details Textual) - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended
	Sep. 25, 2023	Sep. 23, 2023	Sep. 24, 2022	Mar. 25, 2023
Common Stock, Shares, Issued (in shares)		7,978,401		7,562,604
Proceeds from Issuance of Common Stock		$ 384	$ 364
Subsequent Event [Member]
Proceeds from Issuance of Common Stock	$ 80,500
Subsequent Event [Member] \| The Offering [Member]
Shares Issued, Price Per Share (in dollars per share)	$ 95
Common Stock, Shares, Issued (in shares)	847,371
Shares, Issued (in shares)	110,526
Proceeds from Issuance Initial Public Offering	$ 75,500