Quarterly report pursuant to Section 13 or 15(d)

Accounting Policies (Tables)

v3.20.4
Accounting Policies (Tables)
 3 Months Ended
Dec. 27, 2020
Accounting Policies [Abstract]  
Schedule of Inventory

As of December 27, 2020, and September 27, 2020, inventory included:

 

    (Thousands)  
    December 27, 2020     September 27, 2020  
Raw Material   $ 5,300     $ 5,506  
Work in Process     3,940       3,214  
Finished Goods     675       638  
Gross Inventory   $ 9,915     $ 9,358  
Less: Inventory Reserves     (567 )     (567 )
Net Inventory   $ 9,348     $ 8,791  
Schedule of Warranty Reserves
    Three months ended  
    December 27, 2020     December 29, 2019  
Beginning balance   $       83     $       46  
                 
Incurred costs for warranties satisfied during the period     (43 )     -  
                 
Warranty Expenses:                
Warranties reserved for new product shipped during the period(1)     4       20  
Change in estimate for pre-existing warranty liabilities (2)     5       9  
Warranty Expense     9       29  
                 
Ending balance   $ 49     $ 75  

 

(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.