Quarterly report pursuant to Section 13 or 15(d)

Accounting Policies (Tables)

v3.22.0.1
Accounting Policies (Tables)
 3 Months Ended
Jan. 02, 2022
Accounting Policies [Abstract]  
Schedule of Inventory

 

    January 2, 2022     October 3, 2021  
    (Thousands)  
    January 2, 2022     October 3, 2021  
Raw Material   $ 4,580     $ 4,926  
Work in Process     3,287       2,664  
Finished Goods     685       629  
Gross Inventory   $ 8,552     $ 8,219  
Less: Inventory Reserves     (633 )     (636 )
Net Inventory   $ 7,919     $ 7,583  
Schedule of Warranty Reserves

 

    Three months ended  
    January 2, 2022     December 27, 2020  
Beginning balance   $ 78     $ 83  
                 
Incurred costs for warranties satisfied during the period     (2 )     (43 )
                 
Warranty Expenses:                
Warranties reserved for new product shipped during the period(1)     46       4  
Change in estimate for pre-existing warranty liabilities (2)     -       5  
Warranty Expense     46       9  
                 
Ending balance   $ 122     $ 49  

 

(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.