Quarterly report pursuant to Section 13 or 15(d)

Accounting Policies (Tables)

v3.24.2.u1
Accounting Policies (Tables)
 9 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Schedule of Inventory

  

    June 30, 2024     October 1, 2023  
    (Thousands)  
    June 30, 2024     October 1, 2023  
Raw Material   $ 9,302     $ 8,211  
Work in Process     6,164       4,460  
Finished Goods     659       489  
Gross Inventory   $ 16,125     $ 13,160  
Less: Inventory Reserves     (1,007 )     (1,007 )
Net Inventory   $ 15,118     $ 12,153  
Schedule of Warranty Reserves

 

    June 30, 2024     July 2, 2023     June 30, 2024     July 2, 2023  
    Three months ended     Nine months ended  
    June 30, 2024     July 2, 2023     June 30, 2024     July 2, 2023  
Beginning balance   $ 69     $ 266     $ 75     $ 169  
                                 
Incurred costs for warranties satisfied during the period     (15 )     (82 )     (52 )     (99 )
                                 
Warranty Expenses:                                
Warranties reserved for new product shipped during the period(1)     26       57       90       177  
Change in estimate for pre-existing warranty liabilities(2)     (44 )     -       (77 )     (6 )
(Reversal of) Warranty Expense     (18 )     57       13       171  
                                 
Ending balance   $ 36     $ 241     $ 36     $ 241  

 

(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.