Quarterly report pursuant to Section 13 or 15(d)

Accounting Policies (Tables)

v3.21.2
Accounting Policies (Tables)
9 Months Ended
Jun. 27, 2021
Accounting Policies [Abstract]  
Schedule of Inventory

 

    June 27, 2021     September 27, 2020  
    (Thousands)  
    June 27, 2021     September 27, 2020  
Raw Material   $ 4,724     $ 5,506  
Work in Process     3,768       3,214  
Finished Goods     720       638  
Gross Inventory   $ 9,212     $ 9,358  
Less: Inventory Reserves     (567 )     (567 )
Net Inventory   $ 8,645     $ 8,791  
Schedule of Warranty Reserves

 

    June 27, 2021     June 28, 2020     June 27, 2021     June 28, 2020  
    Three months ended     Nine months ended  
    June 27, 2021     June 28, 2020     June 27, 2021     June 28, 2020  
Beginning balance   $ 63     $ 105     $ 83     $ 46  
                                 
Incurred costs for warranties satisfied during the period     (4 )     (16 )     (71 )     (16 )
                                 
Warranty Expenses:                                
Warranties reserved for new product shipped during the period(1)     9       22       18       78  
Change in estimate for pre-existing warranty liabilities (2)     -       -       38       3  
Warranty Expense     9       22       56       81  
                                 
Ending balance   $ 68     $ 111     $ 68     $ 111  

 

(1) Warranty expenses accrued to cost of sales (based on current period shipments and historical warranty return rate.
(2) Changes in estimated warranty liabilities for associated with the period end customer returned warranty backlog or repaired/replaced warranty units which were shipped to the customer during the period.