Annual report pursuant to section 13 and 15(d)

Accounting Policies (Tables)

v2.4.0.6
Accounting Policies (Tables)
12 Months Ended
Sep. 30, 2012
Accounting Policies [Abstract]  
Schedule of Inventory, Current [Table Text Block]

As of September 30, 2012 and October 2, 2011 inventory included:

 

    (Thousands)  
    As of
September 30, 2012
    As of
October 2, 2011
 
             
Raw Materials   $ 5,749     $ 3,917  
Work in Process     1,890       1,930  
Finished Goods     599       176  
Gross Inventory   $ 8,238     $ 6,023  
Less:                
Unliquidated Progress Payments     (62 )     (1,181 )
Inventory Reserves     (1,082 )     (754 )
Net Inventory   $ 7,094     $ 4,088
Revenue Recognition, Milestone Method [Table Text Block]

The following table depicts the current contract milestone schedule as of September 30, 2012.

              Thousands  
Milestone Event     Estimated
Completion /
Invoice Date
       Revenue         Customer
Deposits /
Liability
 
                         
Start of Work Meeting
System Functional Review
Production Start of Work
    Complete     $ 34.4     $ 552.9  
                         
Delivery of Two Prototypes     Complete       63.7       61.8  
                         
Preliminary Design Review
PRM #1 (Meeting) Production
Readiness Review
    Complete       25.0       1,032.4  
                         
Critical Design Review
PRM #2 (Meeting)
    Complete       25.0       150.0  
                         
Placement of Long Lead Material (LLM)     Complete       25.0       100.4  
                         
Delivery of Two Engineering Development Units     Complete       55.0       100.0  
                         
Delivery of One Production Ready Unit     Complete       68.2       125.6  
                         
PRM #3 (Meeting)     Complete       84.2       570.0  
                         
FAT and PCA Complete     Complete       275.2       449.4  
Total Completed Milestones            $ 655.7       $ 3,142.5  
                         
Delivery of Two Final Production Ready Units     Dec-12       _-       125.6  
                         
Total Contract Milestones           $ 655.7     $ 3,268.1