Quarterly report pursuant to Section 13 or 15(d)

Accounting Policies (Tables)

Accounting Policies (Tables)

3 Months Ended

Dec. 29, 2019

As of December 29, 2019 and September 29, 2019, inventory included:

	(Thousands)
	December 29, 2019			September 29, 2019
Raw Material	$	7,260		$	7,395
Work in Process		3,722			3,599
Finished Goods		387			254
Gross Inventory	$	11,369		$	11,248
Less: Inventory Reserves		(713	)		(713	)
Net Inventory	$	10,656		$	10,535

Schedule of Warranty Reserves

	Three months ended
	December 29, 2019		December 30, 2018
Beginning balance	$	46	$	101

Incurred costs for warranties satisfied during the period		-		(7	)

Warranty Expenses:
Warranties reserved for new product shipped during the period⁽¹⁾		20		29
Change in estimate for pre-existing warranty liabilities ⁽²⁾		9		(50	)
Warranty Expense		29		(21	)

Ending balance	$	75	$	73

(1) Warranty expenses accrued to cost of sales (based on current period shipments and historical warranty return rate).

(2) Changes in estimated warranty liabilities recognized in cost of sales associated with: the period end customer returned warranty backlog, or the actual costs of repaired/replaced warranty units which were shipped to the customer during the current period.