Note 3 - Business Combination (Tables)

9 Months Ended

Jul. 03, 2021

Notes Tables

Business Acquisition, Pro Forma Information [Table Text Block]

	June 27, 2020
(In thousands)	Three Months Ended		Nine Months Ended
Net sales	$	121,959	$	346,890
Earnings before income taxes		8,531		12,730
Net earnings		6,664		6,447

Restructuring and Related Costs [Table Text Block]

(In thousands)	Employee Separation Costs			Equipment Relocation Costs			Facility Closure Costs			Asset Impairments			Total
2021
Liability as of October 3, 2020	$	-		$	20		$	151		$	-		$	171
Restructuring charges		13			88			552			4			657
Cash payments		(13	)		(95	)		(669	)		-			(777	)
Non-cash charges		-			-			-			(4	)		(4	)
Liability as of January 2, 2021		-			13			34			-			47
Restructuring charges		-			286			259			-			545
Cash payments		-			(299	)		(266	)		-			(565	)
Non-cash charges		-			-			-			-			-
Liability as of April 3, 2021		-			-			27			-			27
Restructuring charges		-			35			176			1,387			1,598
Cash payments		-			(35	)		(183	)		-			(218	)
Non-cash charges		-			-			-			(1,387	)		(1,387	)
Liability as of July 3, 2021	$	-		$	-		$	20		$	-		$	20
2020
Restructuring charges	$	129		$	-		$	20		$	-		$	149
Cash payments		(4	)		-			-			-			(4	)
Liability as of March 28, 2020		125			-			20			-			145
Restructuring charges		76			16			373			343			808
Cash payments		(124	)		(16	)		(350	)		-			(490	)
Non-cash charges		-			-			-			(343	)		(343	)
Liability as of June 27, 2020	$	77		$	-		$	43		$	-		$	120

STM Acquisition [Member]

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

(In thousands)
Assets acquired:
Accounts receivable	$	3,829
Inventories		3,172
Other current assets		178
Property, plant and equipment		10,919
Intangibles		970
Total assets acquired	$	19,068
Liabilities assumed:
Accounts payable	$	852
Accrued expenses		312
Total liabilities assumed		1,164
Net assets acquired		17,904
Adjusted purchase price		19,356
Goodwill	$	1,452