v3.26.3
Note 5 - Restructuring and Business Combinations (Tables)
12 Months Ended
Oct. 03, 2026
Notes Tables  
Restructuring and Related Costs [Table Text Block]

(In thousands)

 

Employee

   

Facility

         
   

Separation Costs

   

Closure Costs

   

Total

 

2026

                       

Restructuring charges, net

  $ 547     $ 152     $ 699  

Cash payments

    -       (152 )     (152 )

Non-cash charges

    -       -       -  

Liability as of October 3, 2026

  $ 547     $ -     $ 547  

(In thousands)

 

Employee

   

Equipment

   

Facility

   

Asset

         
   

Separation Costs

   

Relocation Costs

   

Closure Costs

   

Impairments

   

Total

 

2026

                                       

Liability as of September 27, 2025

  $ -     $ -     $ 24     $ -     $ 24  

Restructuring charges, net

    -       48       3       -       51  

Cash payments

    -       (48 )     (27 )     -       (75 )

Non-cash charges

    -       -       -       -       -  

Liability as of October 3, 2026

  $ -     $ -     $ -     $ -     $ -  
                                         

2025

                                       

Restructuring charges, net

  $ 251     $ 340     $ 492     $ 895     $ 1,978  

Cash payments

    (251 )     (340 )     (468 )     -       (1,059 )

Non-cash charges

    -       -       -       (895 )     (895 )

Liability as of September 27, 2025

  $ -     $ -     $ 24     $ -     $ 24  

(In thousands)

 

Equipment

   

Facility

   

Asset

         
   

Relocation Costs

   

Closure Costs

   

Impairments

   

Total

 

2026

                               

Liability as of September 27, 2025

  $ -     $ 49     $ -     $ 49  

Restructuring charges, net

    6       -       -       6  

Cash payments

    (6 )     (49 )     -       (55 )

Non-cash charges

    -       -       -       -  

Liability as of October 3, 2026

  $ -     $ -     $ -     $ -  
                                 

2025

                               

Restructuring charges, net

  $ 31     $ 189     $ 106     $ 326  

Cash payments

    (31 )     (140 )     -       (171 )

Non-cash charges

    -       -       (106 )     (106 )

Liability as of September 27, 2025

  $ -     $ 49     $ -     $ 49  
Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block]

(In thousands)

       

Assets acquired:

       

Inventories

  $ 12,066  

Other current assets

    171  

Property, plant and equipment

    16,708  

Intangible assets:

       

Customer relationships

    10,800  

Non-competition agreement

    900  

Trade name

    350  

Patent

    200  

Right-of-use assets

    459  

Total assets acquired

  $ 41,654  
         

Liabilities assumed:

       

Accrued expenses

  $ 89  

Current operating lease liabilities

    128  

Non-current operating lease liabilities

    331  

Total liabilities assumed

    548  

Net assets acquired

    41,106  

Adjusted purchase price

    67,030  

Goodwill

  $ 25,924  

(In thousands)

       

Assets acquired:

       

Inventories

  $ 404  

Property, plant and equipment

    1,812  

Intangible assets:

       

Customer relationships

    785  

Non-competition agreement

    30  

Total assets acquired

  $ 3,031  
         

Liabilities assumed:

       

Total liabilities assumed

  $ -  

Net assets acquired

    3,031  

Purchase price

    5,116  

Goodwill

  $ 2,085  
Business Combination, Pro Forma Information [Table Text Block]
    Year Ended  
   

September 27,

   

September 28,

 

(In thousands)

 

2025

   

2024

 

Net sales

  $ 652,912     $ 622,462  

Earnings before income taxes

    53,885       22,795  

Net earnings

    41,079       17,510