Note 2 - Recent Accounting Pronouncements	3 Months Ended
Dec. 29, 2018
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	( 2 ) Recent Accounting Pronouncements Current Adoptions In August 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016 - 15 “Statement of Cash Flows Topic 230: Classification of Certain Cash Receipts and Cash Payments.” ASU No. 2016 - 15 addresses how certain cash receipts and cash payments are presented and classified in the statement of cash flows with the objective of reducing existing differences in the presentation of these items. The amendments in ASU No. 2016 - 15 became effective for us in the current quarter and were adopted retrospectively. The adoption of this update did not impact our consolidated financial statements. In May 2014, the FASB issued ASU No. 2014 - 09 “Revenue from Contracts with Customers,” as subsequently amended, which supersedes nearly all existing revenue recognition guidance under GAAP. ASU No. 2014 - 09 provides that an entity recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This update also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. We adopted ASU 2014 - 09 during the current quarter using the modified retrospective method. The adoption of this update did not significantly change our policies for recognizing revenue nor materially impact our consolidated financial statements (see Note 3 ). Future Adoptions In May 2017, the FASB issued ASU No. 2017 - 09 “Compensation – Stock Compensation (Topic 718 ): Scope of Modification Accounting.” ASU No. 2017 - 09 was issued to clarify and reduce both (i) diversity in practice and (ii) cost and complexity when applying its guidance to changes in the terms and conditions of a share-based payment award. ASU No. 2017 - 09 will become effective for us in the first quarter of fiscal 2020. We are evaluating the impact that the adoption of this update will have on our consolidated financial statements. In January 2017, the FASB issued ASU No. 2017 - 04 “Intangibles—Goodwill and Other (Topic 350 ): Simplifying the Test for Goodwill Impairment,” which simplifies the accounting for goodwill impairments by eliminating step 2 from the goodwill impairment test. ASU No. 2017 - 04 will become effective for us in the first quarter of fiscal 2021 and early adoption is permitted. We are evaluating the impact that the adoption of this update will have on our consolidated financial statements. In February 2016, the FASB issued ASU No. 2016 - 02 “Leases,” which will replace the guidance in Accounting Standards Codification (“ASC”) Topic 840. ASU No. 2016 - 02 was issued to increase transparency and comparability among organizations by recognizing all lease transactions (with terms in excess of 12 months) on the balance sheet as a lease liability and a right-of-use asset. ASU No. 2016 - 02 will become effective for us in the first quarter of fiscal 2020. In July 2018, the FASB issued ASU No. 2018 - 11, “Leases (Topic 842 ): Targeted Improvements,” which provides an additional (and optional) transition method whereby the new lease standard is applied at the adoption date and recognized as an adjustment to retained earnings. The amendment has the same effective date and transition requirements as ASU No. 2016 - 02. We are evaluating the impact that the adoption of these updates will have on our consolidated financial statements.

(

) Recent Accounting Pronouncements

Current Adoptions

August 2016,

the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”)

No.

2016

“Statement of Cash Flows Topic

230:

Classification of Certain Cash Receipts and Cash Payments.” ASU

No.

2016

addresses how certain cash receipts and cash payments are presented and classified in the statement of cash flows with the objective of reducing existing differences in the presentation of these items. The amendments in ASU

No.

2016

became effective for us in the current quarter and were adopted retrospectively. The adoption of this update did

not

impact our consolidated financial statements.

May 2014,

the FASB issued ASU

No.

2014

“Revenue from Contracts with Customers,” as subsequently amended, which supersedes nearly all existing revenue recognition guidance under GAAP. ASU

No.

2014

provides that an entity recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This update also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. We adopted ASU

2014

during the current quarter using the modified retrospective method. The adoption of this update did

not

significantly change our policies for recognizing revenue nor materially impact our consolidated financial statements (see Note

Future Adoptions

May 2017,

the FASB issued ASU

No.

2017

“Compensation – Stock Compensation (Topic

718

): Scope of Modification Accounting.” ASU

No.

2017

was issued to clarify and reduce both (i) diversity in practice and (ii) cost and complexity when applying its guidance to changes in the terms and conditions of a share-based payment award. ASU

No.

2017

will become effective for us in the

first

quarter of fiscal

2020.

We are evaluating the impact that the adoption of this update will have on our consolidated financial statements.

January 2017,

the FASB issued ASU

No.

2017

“Intangibles—Goodwill and Other (Topic

350

): Simplifying the Test for Goodwill Impairment,” which simplifies the accounting for goodwill impairments by eliminating step

from the goodwill impairment test. ASU

No.

2017

will become effective for us in the

first

quarter of fiscal

2021

and early adoption is permitted. We are evaluating the impact that the adoption of this update will have on our consolidated financial statements.

February 2016,

the FASB issued ASU

No.

2016

“Leases,” which will replace the guidance in Accounting Standards Codification (“ASC”) Topic

840.

ASU

No.

2016

was issued to increase transparency and comparability among organizations by recognizing all lease transactions (with terms in excess of

months) on the balance sheet as a lease liability and a right-of-use asset. ASU

No.

2016

will become effective for us in the

first

quarter of fiscal

2020.

July 2018,

the FASB issued ASU

No.

2018

11,

“Leases (Topic

842

): Targeted Improvements,” which provides an additional (and optional) transition method whereby the new lease standard is applied at the adoption date and recognized as an adjustment to retained earnings. The amendment has the same effective date and transition requirements as ASU

No.

2016

02.

We are evaluating the impact that the adoption of these updates will have on our consolidated financial statements.