Quarterly report pursuant to Section 13 or 15(d)

Accounting Policies (Tables)

v3.25.0.1
Accounting Policies (Tables)
3 Months Ended
Dec. 29, 2024
Accounting Policies [Abstract]  
Schedule of Inventory

 

    December 29, 2024     September 29, 2024  
    (Thousands)  
    December 29, 2024     September 29, 2024  
Raw Material   $ 8,963     $ 9,460  
Work in Process     6,086       5,954  
Finished Goods     732       556  
Gross Inventory   $ 15,781     $ 15,970  
Less: Inventory Reserves     (1,107 )     (1,107 )
Net Inventory   $ 14,674     $ 14,863  
Schedule of Warranty Reserves

The table below summarizes the warranty activity for the three months ended December 29, 2024 and December 31, 2023.

 

    December 29, 2024     December 31, 2023  
    Three months ended  
    December 29, 2024     December 31, 2023  
Beginning balance   $ 52     $   75  
                 
Incurred costs for warranties satisfied during the period     -       (32 )
                 
Warranty Expenses:                
Warranties reserved for new product shipped during the period(1)     12       52  
Change in estimate for pre-existing warranty liabilities(2)     (42 )     (47 )
Warranty Expense     (30 )     5  
                 
Ending balance   $ 22     $ 48  

 

(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.