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Note 16 - Contingencies | 9 Months Ended
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Jun. 27, 2020
Notes to Financial Statements |
Commitments and Contingencies Disclosure [Text Block] | (16) Contingencies Insurance recoveries. We maintain general liability, business interruption and replacement cost property insurance coverage on our facilities. In August 2018, a transformer outage and electrical fire occurred at our Dayton, Texas manufacturing facility, which resulted in the temporary curtailment of operations. Alternative power arrangements for the facility were subsequently made that allowed operations to continue until permanent repairs were completed during the first quarter of 2019. We reached a final settlement on the property damage and business interruption claim with our insurance carrier in the prior year. During the three months ended June 29, 2019, we received $486,000 of insurance proceeds related to the claim that was recorded in cost of sales ($339,000), other income ($144,000) and selling, general and administrative expense (“SG&A expense”) ($3,000) on the consolidated statements of operations and comprehensive income. During the nine-month period ended June 29, 2019, we received $2.2 million of insurance proceeds related to the claim that was partially applied against the September 29, 2018 receivable of $462,000 with the remainder recorded in other income ($1.1 million), cost of sales ($645,000) and SG&A expense ($48,000) on the consolidated statements of operations and comprehensive income. In August 2017, operations at our manufacturing facility located in Dayton, Texas were adversely affected by hurricane Harvey. During the nine-month period ended June 29, 2019, we reached a final settlement on the property damage and business interruption claim with our insurance carrier and received $150,000 of proceeds related to this claim of which $98,000 was recorded in other income on the consolidated statements of operations and comprehensive income. The insurance proceeds attributable to the property and equipment damaged are reported in cash flows from investing activities and all other insurance proceeds received are reported in cash flows from operating activities on the consolidated statements of cash flows. Legal proceedings. We are involved in lawsuits, claims, investigations and proceedings, including commercial, environmental and employment matters, which arise in the ordinary course of business. We do not expect the ultimate outcome or cost to resolve these matters will have a material adverse effect on our financial position, results of operations or cash flows.

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