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Note 10 - Discontinued Operations
 12 Months Ended
Sep. 29, 2012
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
(10) Discontinued Operations

In April 2006, the Company decided to exit the industrial wire business with the closure of its Fredericksburg, Virginia facility which manufactured tire bead wire and other industrial wire for commercial and industrial applications. The Company’s decision was based on the weakening in the business outlook for the facility and the expected continuation of difficult market conditions and reduced operating levels. Manufacturing activities at the Virginia facility ceased in June 2006 and the Company liquidated the remaining assets of the business in 2010 when it sold the real estate associated with the business for $2.5 million, resulting in a $478,000 gain.

The results of operations and related non-recurring closure costs associated with the industrial wire business have been reported as discontinued operations for all prior periods presented. Additionally, the assets and liabilities of the discontinued operations have been segregated in the accompanying consolidated balance sheets.

The results of discontinued operations are as follows:

   
Year Ended
 
   
October 2,
2010
 
(In thousands)
     
Earnings before income taxes
  $ 232  
Income taxes
    (217 )
Net earnings
  $ 15