XML 33 R22.htm IDEA: XBRL DOCUMENT v3.24.4

Note 3 - Business Combination (Tables)

3 Months Ended

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

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

+ Details

Name:	us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

+ Details

Name:	us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

+ Details

Name:	us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration