Quarterly report pursuant to Section 13 or 15(d)

Accounting Policies (Tables)

Accounting Policies (Tables)

9 Months Ended

Jun. 28, 2020

Inventory: As of June 28, 2020, and September 29, 2019, inventory included:

	(Thousands)
	June 28, 2020			September 29, 2019
Raw Material	$	6,515		$	7,395
Work in Process		3,853			3,599
Finished Goods		460			254
Gross Inventory	$	10,828		$	11,248
Less: Inventory Reserves		(625	)		(713	)
Net Inventory	$	10,203		$	10,535

Schedule of Warranty Reserves

	Three months ended						Nine months ended
	June 28, 2020			June 30, 2019			June 28, 2020			June 30, 2019
Beginning balance	$	105		$	91		$	46		$	101

Incurred costs for warranties satisfied during the period		(16	)		(62	)		(16	)		(89	)

Warranty Expenses:
Warranties reserved for new product shipped during the period⁽¹⁾		22			2			78			54
Change in estimate for pre-existing warranty liabilities ⁽²⁾		-			10			3			(25	)
Warranty Expense		22			12			81			29

Ending balance	$	111		$	41		$	111		$	41

(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.