Quarterly report pursuant to Section 13 or 15(d)

Accounting Policies (Tables)

v3.23.1
Accounting Policies (Tables)
 6 Months Ended
Apr. 02, 2023
Accounting Policies [Abstract]  
Schedule of Inventory

 

                 
    (Thousands)  
    April 2, 2023     October 2, 2022  
Raw Material   $ 6,637     $ 6,953  
Work in Process     4,594       2,722  
Finished Goods     872       348  
Gross Inventory   $ 12,103     $ 10,023  
Less: Inventory Reserves     (811 )     (811 )
Net Inventory   $ 11,292     $ 9,212  
Schedule of Warranty Reserves

  

                                 
    Three months ended     Six Months ended  
    April 2,
2023		     April 3,
2022		     April 2,
2023		     April 3,
2022		  
Beginning balance   $ 229     $ 122     $ 169     $ 78  
                                 
Incurred costs for warranties satisfied during the period     (16 )     -       (16 )     (2 )
                                 
Warranty Expenses:                                
Warranties reserved for new product shipped during the period(1)     60       33       119       79  
Change in estimate for pre-existing warranty liabilities(2)     (7 )     -       (6 )     -  
Warranty Expense     53       33       113       79  
                                 
Ending balance   $ 266     $ 155     $ 266     $ 155  

 

(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.