Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Stockholders' Equity

v3.21.2
Condensed Consolidated Statement of Stockholders' Equity - USD ($)
$ in Thousands
Common Stock [Member]
Treasury Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Beginning balance, value at Sep. 29, 2019 $ 8 $ 26,134 $ (13,934) $ 12,208
Beginning balance, shares at Sep. 29, 2019 8,436,422      
Stock Compensation Expense   120 120
Common Stock Repurchase [1] $ (64) (64)
Common Stock Repurchase, shares [1]   34,243      
Vested restricted stock units issued net of tax withholding   (54) (54)
Vested restricted stock units issued net of tax withholding, shares 59,447        
Restricted Board Shares Issued [2] $ 1 (1)
Restricted Board Shares Issued, shares [2] 300,000        
Net income   1,170 1,170
Ending balance, value at Jun. 28, 2020 $ 9 $ (64) 26,199 (12,764) 13,380
Ending balance, shares at Jun. 28, 2020 8,795,869 34,243      
Beginning balance, value at Mar. 29, 2020 $ 8 26,137 (12,669) 13,476
Beginning balance, shares at Mar. 29, 2020 8,495,869      
Stock Compensation Expense   63 63
Common Stock Repurchase [1] $ (64) (64)
Common Stock Repurchase, shares [1]   34,243      
Restricted Board Shares Issued [2] $ 1 (1)
Restricted Board Shares Issued, shares [2] 300,000        
Net income   (95) (95)
Ending balance, value at Jun. 28, 2020 $ 9 $ (64) 26,199 (12,764) 13,380
Ending balance, shares at Jun. 28, 2020 8,795,869 34,243      
Beginning balance, value at Sep. 27, 2020 $ 9 $ (200) 26,276 (12,109) 13,976
Beginning balance, shares at Sep. 27, 2020 8,795,869 105,733      
Stock Compensation Expense 171 171
Common Stock Repurchase [1] $ (800) (800)
Common Stock Repurchase, shares [1]   413,533      
Cancellation of Treasury Shares $ (1) $ 1,000 (1,000) (1)
Cancellation of Treasury Shares, shares (519,266) (519,266)      
Vested restricted stock units issued net of tax withholding (44) (44)
Vested restricted stock units issued net of tax withholding, shares 58,392        
Net income 1,859 1,859
Ending balance, value at Jun. 27, 2021 $ 8 25,403 (10,250) 15,161
Ending balance, shares at Jun. 27, 2021 8,334,995      
Beginning balance, value at Mar. 28, 2021 $ 9 $ (930) 26,346 (11,624) 13,801
Beginning balance, shares at Mar. 28, 2021 8,854,261 480,667      
Stock Compensation Expense 57 57
Common Stock Repurchase [1] $ (70) (70)
Common Stock Repurchase, shares [1]   38,599      
Cancellation of Treasury Shares $ (1) $ 1,000 (1,000) (1)
Cancellation of Treasury Shares, shares (519,266) (519,266)      
Net income 1,374 1,374
Ending balance, value at Jun. 27, 2021 $ 8 $ 25,403 $ (10,250) $ 15,161
Ending balance, shares at Jun. 27, 2021 8,334,995      
[1] Common shares repurchased in the open market through June 27, 2021. Shares were held in treasury stock using the cost method and cancelled in June 2021.
[2] 100,000 restricted common shares issued to each of the Independent Board of Directors (Rimmy Maholtra, Dale Lehman, Larry Hagenbuch) on April 30, 2020 with 20% vesting as of each January 1 each year over a five year period. The value of the shares at issue date is $525,000 for 300,000 shares to be amortized over the vesting period.