Quarterly report pursuant to Section 13 or 15(d)

Accounting Policies (Tables)

v3.22.2.2
Accounting Policies (Tables)
 9 Months Ended
Jul. 03, 2022
Accounting Policies [Abstract]  
Schedule of Inventory

 

    July 3, 2022     October 3, 2021  
    (Thousands)  
    July 3, 2022     October 3, 2021  
Raw Material   $ 5,172     $ 4,926  
Work in Process     3,505       2,664  
Finished Goods     536       629  
Gross Inventory   $ 9,213     $ 8,219  
Less: Inventory Reserves     (654 )     (636 )
Net Inventory   $ 8,559     $ 7,583  
Schedule of Warranty Reserves

 

    Three months ended     Nine months ended  
    July 3, 2022     June 27, 2021     July 3, 2022     June 27, 2021  
Beginning balance   $ 155     $ 63     $ 78     $ 83  
                                 
Incurred costs for warranties satisfied during the period     (1 )     (4 )     (3 )     (71 )
                                 
Warranty Expenses:                                
Warranties reserved for new product shipped during the period(1)     52       9       131       18  
Change in estimate for pre-existing warranty liabilities(2)     (10 )     -       (10 )     38  
Warranty Expense     42       9       122       56  
                                 
Ending balance   $ 196     $ 68     $ 196     $ 68  

 

(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.