XML 76 R35.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Note 9 - Income Taxes (Tables) | 12 Months Ended
--- | ---
Sep. 28, 2013
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | Year Ended |
(Dollars in thousands) |  | September 28, 2013 |  |  | September 29, 2012 |  |  | October 1, 2011 |
Provision for income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 2,124 |  |  | $ | 20 |  |  | $ | 207 |
State |  |  | 257 |  |  |  | 62 |  |  |  | 72 |
|  |  | 2,381 |  |  |  | 82 |  |  |  | 279 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 3,571 |  |  |  | 781 |  |  |  | (12 | )
State |  |  | 310 |  |  |  | 54 |  |  |  | 221 |
|  |  | 3,881 |  |  |  | 835 |  |  |  | 209 |
Income taxes |  | $ | 6,262 |  |  | $ | 917 |  |  | $ | 488 |
Effective income tax rate |  |  | 34.8% |  |  |  | 33.6% |  |  |  | 483.2% |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Year Ended |
(Dollars in thousands) |  | September 28, 2013 |  |  | September 29, 2012 |  |  | October 1, 2011 |
Provision for income taxes at federal statutory rate |  | $ | 6,299 |  |  |  | 35.0 | % |  | $ | 954 |  |  |  | 35.0 | % |  | $ | 35 |  |  |  | 34.7 | %
Net effect of life insurance policies |  |  | (191 | ) |  |  | (1.1 | ) |  |  | (400 | ) |  |  | (14.7 | ) |  |  | (14 | ) |  |  | (13.9 | )
Qualified production activities deduction |  |  | (165 | ) |  |  | (0.9 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Nondeductible stock option expense |  |  | (51 | ) |  |  | (0.3 | ) |  |  | 161 |  |  |  | 5.9 |  |  |  | 189 |  |  |  | 187.1 |
State income taxes, net of federal tax benefit |  |  | 479 |  |  |  | 2.7 |  |  |  | 94 |  |  |  | 3.5 |  |  |  | (20 | ) |  |  | (19.8 | )
Valuation allowance |  |  | 51 |  |  |  | 0.3 |  |  |  | (48 | ) |  |  | (1.8 | ) |  |  | 263 |  |  |  | 260.4 |
Other, net |  |  | (160 | ) |  |  | (0.9 | ) |  |  | 156 |  |  |  | 5.7 |  |  |  | 35 |  |  |  | 34.7 |
Provision for income taxes |  | $ | 6,262 |  |  |  | 34.8% |  |  | $ | 917 |  |  |  | 33.6% |  |  | $ | 488 |  |  |  | 483.2% |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
(In thousands) |  | September 28, 2013 |  |  | September 29, 2012 |
Deferred tax assets: |  |  |  |  |  |  |  |
Defined benefit plans |  | $ | 3,245 |  |  | $ | 3,556 |
Accrued expenses, asset reserves and state tax credits |  |  | 2,467 |  |  |  | 1,841 |
Stock-based compensation |  |  | 1,560 |  |  |  | 1,878 |
State net operating loss carryforwards |  |  | 1,180 |  |  |  | 1,372 |
Goodwill, amortizable for tax purposes |  |  | 986 |  |  |  | 1,392 |
Federal net operating loss carryforward |  |  | - |  |  |  | 1,870 |
Valuation allowance |  |  | (730 | ) |  |  | (679 | )
Deferred tax assets |  |  | 8,708 |  |  |  | 11,230 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Plant and equipment |  |  | (12,607 | ) |  |  | (10,637 | )
Prepaid insurance and other reserves |  |  | (650 | ) |  |  | (722 | )
Deferred tax liabilities |  |  | (13,257 | ) |  |  | (11,359 | )
Net deferred tax liability |  | $ | (4,549 | ) |  | $ | (129 | )
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
(In thousands) |  | 2013 |  |  | 2012 |
Balance at beginning of year |  | $ | 76 |  |  | $ | 67 |
Increase in tax positions of prior years |  |  | - |  |  |  | 9 |
Settlement of tax position in current year |  |  | (76 | ) |  |  | - |
Balance at end of year |  | $ | - |  |  | $ | 76 |

X
- Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration