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REVENUE RECOGNITION (Tables)
 3 Months Ended
Dec. 28, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of Net Sales from Contracts with Customers by Market Sector
The table below shows net sales from contracts with customers by market sector. See additional information regarding market sectors in Note 10—Market Sectors and Major Customers.
 
 
Three Months Ended
 
 
December 28, 2018
 
 
Point in Time
 
Over Time
 
Net Sales
(in thousands)
 
 
 
 
 
 
Aerospace & Defense
 
$
7,565

 
$
11,147

 
$
18,712

Medical
 
3,685

 
5,474

 
9,159

Industrial
 
6,014

 
1,556

 
7,570

 
 
$
17,264

 
$
18,177

 
$
35,441
Schedule of Impact of Topic 606 Adoption on Consolidated Financial Statements
The following table presents the impacted financial statements line items in the condensed consolidated balance sheet as of December 28, 2018: 
 
 
 Balances
Without
Adoption of
ASC 606
 
 Effect
of
Change
 
 As Reported
(in thousands)
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
Unbilled contract revenue
 
$
—

 
$
6,103

 
$
6,103

Inventories
 
42,281

 
(5,067
)
 
37,214

Deferred income taxes
 
8,647

 
(228
)
 
8,419

 
 
 
 
 
 
 
Stockholders’ Equity:
 
 
 
 
 
 
Accumulated deficit
 
(19,758
)
 
808

 
(18,950
)
 
The following table presents the impacted financial statement line items under ASC 605 "Revenue Recognition" and ASC 606 in the condensed consolidated statements of operations for the three months ended December 28, 2018: 
 
 
 Balances
Without
Adoption of
ASC 606
 
 Effect
of
Change
 
 As Reported
(in thousands)
 
 
 
 
 
 
Net sales
 
$
33,671

 
$
1,770

 
$
35,441

 
 
 
 
 
 
 
Cost of sales
 
29,083

 
1,299

 
30,382

Gross profit
 
4,588

 
471

 
5,059

Income tax expense
 
208

 
104

 
312

Net income
 
705

 
367

 
1,072


For each of the three months ended December 28, 2018 and December 29, 2017, less than 1% of net sales were shipped to locations outside the United States.