XML 36 R22.htm IDEA: XBRL DOCUMENT
v3.25.1

Note 3 - Business Combination (Tables) | 6 Months Ended
--- | ---
Mar. 29, 2025
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 |  |  | 16,708 |
Intangible assets: |  |  |  |
Customer relationships |  |  | 10,800 |
Non-competition agreement |  |  | 900 |
Trade name |  |  | 350 |
Patent |  |  | 200 |
Right-of-use assets |  |  | 459 |
Total assets acquired |  | $ | 41,654 |
Liabilities assumed: |  |  |  |
Accrued expenses |  | $ | 89 |
Current operating lease liabilities |  |  | 128 |
Non-current operating lease liabilities |  |  | 331 |
Total liabilities assumed |  |  | 548 |
Net assets acquired |  |  | 41,106 |
Adjusted purchase price |  |  | 67,030 |
Goodwill |  | $ | 25,924 |
(In thousands) |  |  |  |
Assets acquired: |  |  |  |
Inventories |  | $ | 404 |
Property, plant and equipment |  |  | 1,812 |
Intangible assets: |  |  |  |
Customer relationships |  |  | 785 |
Non-competition agreement |  |  | 30 |
Total assets acquired |  | $ | 3,031 |
Liabilities assumed: |  |  |  |
Total liabilities assumed |  | $ | - |
Net assets acquired |  |  | 3,031 |
Purchase price |  |  | 5,116 |
Goodwill |  | $ | 2,085 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | Three Months Ended |  |  | Six Months Ended |
|  | March 29, |  |  | March 30, |  |  | March 29, |  |  | March 30, |
(In thousands) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Net sales |  | $ | 160,656 |  |  | $ | 149,493 |  |  | $ | 295,582 |  |  | $ | 291,245 |
Earnings before income taxes |  |  | 13,325 |  |  |  | 8,810 |  |  |  | 14,867 |  |  |  | 7,593 |
Net earnings |  |  | 10,230 |  |  |  | 6,831 |  |  |  | 11,370 |  |  |  | 5,945 |
Restructuring and Related Costs [Table Text Block] |
|  | Employee |  |  | Equipment |  |  | Facility |  |  | Asset |  |  |  |  |
|  | Separation Costs |  |  | Relocation 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 |
Restructuring charges, net |  |  | 59 |  |  |  | 45 |  |  |  | 123 |  |  |  | 217 |  |  |  | 444 |
Cash payments |  |  | (103 | ) |  |  | (17 | ) |  |  | (143 | ) |  |  | - |  |  |  | (263 | )
Non-cash charges |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (217 | ) |  |  | (217 | )
Liability as of March 29, 2025 |  | $ | 10 |  |  | $ | 28 |  |  | $ | 55 |  |  | $ | - |  |  | $ | 93 |
|  | Equipment |  |  | Facility |  |  | Asset |  |  |  |  |
|  | Relocation Costs |  |  | 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 |
Restructuring charges, net |  |  | 33 |  |  |  | 82 |  |  |  | 103 |  |  |  | 218 |
Cash payments |  |  | (11 | ) |  |  | (80 | ) |  |  | - |  |  |  | (91 | )
Non-cash charges |  |  | - |  |  |  | - |  |  |  | (103 | ) |  |  | (103 | )
Liability as of March 29, 2025 |  | $ | 22 |  |  | $ | 13 |  |  | $ | - |  |  | $ | 35 |

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