Quarterly report pursuant to sections 13 or 15(d)

Accounting Policies (Tables)

v2.3.0.11
Accounting Policies (Tables)
 9 Months Ended
Jul. 01, 2012
Accounting Policies [Abstract]  
Schedule of Inventory, Current [Table Text Block]

As of July 1, 2012 and October 2, 2011, inventory included:

 

 

  (Thousands) 
  As of  
July 1,  
2012
(unaudited)		  As of  
October 2, 
2011		 
       
Raw Materials $3,829  $3,917 
Work in Process  1,678   1,930 
Finished Goods  774   176 
Gross Inventory $6,281  $6,023 
Less:        
Unliquidated Progress Payments  (431)  (1,181)
Inventory Reserves  (826)  (754)
Net Inventory $5,024  $4,088 
Revenue Recognition, Milestone Method [Table Text Block]

The following table depicts the current contract milestone schedule as of July 1, 2012.

       Thousands 
Milestone Event  Estimated Completion / Invoice Date    Revenue     Customer Deposits / Liability 
             
Start of Work Meeting
System Functional Review
Production Start of Work		  Nov-11  $34.4  $552.9 
             
Delivery of Two Prototypes  Nov-11   63.7   61.8 
             
Preliminary Design Review
PRM #1 (Meeting) Production
Readiness Review		  Nov-11   25.0   1,032.4 
             
Critical Design Review
PRM #2 (Meeting)		  Apr-12   25.0   150.0 
             
Placement of Long Lead Material (LLM)  Jul-12   25.0   100.4 
             
Delivery of Two Engineering Development Units  May-12   55.0   100.0 
             
Delivery of One Production Ready Unit  May-12   68.2   125.6 
             
PRM #3 (Meeting)  May-12   84.2   570.0 
             
Delivery of Two Final Production Ready Units  Jul-12   275.2   575.0 
             
Total Milestones    $655.7  $3,268.1