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Note 3 - Business Combination (Tables) | 3 Months Ended
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Dec. 28, 2024
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
(In thousands) |  |  |  |
Assets acquired: |  |  |  |
Inventories |  | $ | 12,066 |
Other current assets |  |  | 171 |
Property, plant and equipment |  |  | 17,958 |
Intangible assets: |  |  |  |
Customer relationships |  |  | 10,800 |
Non-competition agreement |  |  | 900 |
Trade name |  |  | 350 |
Patent |  |  | 200 |
Right-of-use assets |  |  | 459 |
Total assets acquired |  | $ | 42,904 |
Liabilities assumed: |  |  |  |
Accrued expenses |  | $ | 89 |
Current operating lease liabilities |  |  | 128 |
Non-current operating lease liabilities |  |  | 331 |
Total liabilities assumed |  |  | 548 |
Net assets acquired |  |  | 42,356 |
Adjusted purchase price |  |  | 67,030 |
Goodwill |  | $ | 24,674 |
(In thousands) |  |  |  |
Assets acquired: |  |  |  |
Inventories |  | $ | 404 |
Property, plant and equipment |  |  | 2,675 |
Intangible assets: |  |  |  |
Customer relationships |  |  | 785 |
Non-competition agreement |  |  | 30 |
Total assets acquired |  | $ | 3,894 |
Liabilities assumed: |  |  |  |
Total liabilities assumed |  | $ | - |
Net assets acquired |  |  | 3,894 |
Purchase price |  |  | 5,116 |
Goodwill |  | $ | 1,222 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | December 28, |  |  | December 30, |
(In thousands) |  | 2024 |  |  | 2023 |
Net sales |  | $ | 134,926 |  |  | $ | 141,752 |
Earnings (loss) before income taxes |  |  | 1,542 |  |  |  | (1,249 | )
Net earnings (loss) |  |  | 1,140 |  |  |  | (909 | )
Restructuring and Related Costs [Table Text Block] |
|  | Employee |  |  | Facility |  |  | Asset |  |  |  |  |
|  | Separation Costs |  |  | Closure Costs |  |  | Impairments |  |  | Total |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Restructuring charges, net |  | $ | 192 |  |  | $ | 212 |  |  | $ | 270 |  |  | $ | 674 |
Cash payments |  |  | (138 | ) |  |  | (137 | ) |  |  | - |  |  |  | (275 | )
Non-cash charges |  |  | - |  |  |  | - |  |  |  | (270 | ) |  |  | (270 | )
Liability as of December 28, 2024 |  | $ | 54 |  |  | $ | 75 |  |  | $ | - |  |  | $ | 129 |
|  | Facility |  |  | Asset |  |  |  |  |
|  | Closure Costs |  |  | Impairments |  |  | Total |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |
Restructuring charges, net |  | $ | 19 |  |  | $ | 3 |  |  | $ | 22 |
Cash payments |  |  | (8 | ) |  |  | - |  |  |  | (8 | )
Non-cash charges |  |  | - |  |  |  | (3 | ) |  |  | (3 | )
Liability as of December 28, 2024 |  | $ | 11 |  |  | $ | - |  |  | $ | 11 |

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