Note 1 - Basis of Presentation

3 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Business Description and Basis of Presentation [Text Block]

(1)

Basis of Presentation

The accompanying unaudited interim consolidated financial statements of Insteel Industries, Inc. (“we,” “us,” “our,” “the Company” or “Insteel”) have been prepared pursuant to the rules and regulations of the United States (“U.S.”) Securities and Exchange Commission (“SEC”) for quarterly reports on Form

10

- Q. Certain information and note disclosures normally included in the audited financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted pursuant to such rules and regulations, although we believe that the disclosures made are adequate to make the information not misleading. The

October

1,

2016

consolidated balance sheet was derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP for complete financial statements. These financial statements should therefore be read in conjunction with the consolidated financial statements and notes for the fiscal year ended

October

1,

2016

included in our Annual Report on Form

10

- K filed with the SEC.

The accompanying unaudited interim consolidated financial statements reflect all adjustments of a normal recurring nature that we consider necessary for a fair presentation of results for these interim periods. The results of operations for the

three

- month period ended

December

31,

2016

are not necessarily indicative of the results that

may

be expected for the fiscal year ending

September

30,

2017

or future periods.

We haveevaluated subsequent events through the time of filing this Quarterly Report on Form

10

- Q and concluded that there are no significant events that occurred subsequent to the balance sheet date but prior to the filing of this report that would have a material impact on the consolidated financial statements

.