Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Sep. 27, 2013 | Dec. 01, 2013 | Mar. 29, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'LEARNING TREE INTERNATIONAL, INC. | ' | ' |
Document Type | '10-K | ' | ' |
Current Fiscal Year End Date | '--09-27 | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 13,217,484 | ' |
Entity Public Float | ' | ' | $20,722,305 |
Amendment Flag | 'false | ' | ' |
Entity Central Index Key | '0001002037 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Document Period End Date | 27-Sep-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 27, 2013 | Sep. 28, 2012 |
In Thousands, unless otherwise specified | ||
Current Assets: | ' | ' |
Cash and cash equivalents | $26,583 | $25,784 |
Available for sale securities | 0 | 6,131 |
Trade accounts receivable, less allowances of $235 and $180, respectively | 14,057 | 16,831 |
Income taxes receivable | 921 | 1,623 |
Prepaid expenses | 3,383 | 4,318 |
Deferred income taxes | 0 | 250 |
Other current assets | 1,848 | 2,361 |
Total current assets | 46,792 | 57,298 |
Equipment, Property and Leasehold Improvements: | ' | ' |
Education and office equipment | 38,586 | 39,685 |
Transportation equipment | 200 | 235 |
Property and leasehold improvements | 28,002 | 28,807 |
66,788 | 68,727 | |
Less: accumulated depreciation and amortization | -50,090 | -48,186 |
16,698 | 20,541 | |
Restricted interest-bearing investments | 4,175 | 9,531 |
Deferred income taxes | 466 | 742 |
Other assets | 831 | 934 |
Total assets | 68,962 | 89,046 |
Current Liabilities: | ' | ' |
Trade accounts payable | 7,309 | 9,700 |
Deferred revenues | 29,780 | 31,899 |
Accrued payroll, benefits and related taxes | 4,167 | 4,950 |
Other accrued liabilities | 2,178 | 4,211 |
Income taxes payable | 0 | 344 |
Current portion of deferred facilities rent and other | 1,663 | 1,059 |
Total current liabilities | 45,097 | 52,163 |
Asset retirement obligations | 2,004 | 3,907 |
Deferred income taxes | 284 | 437 |
Deferred facilities rent and other | 4,760 | 6,851 |
Noncurrent tax liabilities | 1,156 | 1,182 |
Total liabilities | 53,301 | 64,540 |
Stockholders' Equity | ' | ' |
Preferred stock, $.0001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding | 0 | 0 |
Common stock, $.0001 par value; 75,000,000 shares authorized; 13,175,225 and 13,217,484 shares issued and outstanding, respectively | 1 | 1 |
Additional paid-in capital | 5,825 | 5,756 |
Accumulated other comprehensive income (loss) | -139 | 10 |
Retained earnings | 9,974 | 18,739 |
Total stockholders' equity | 15,661 | 24,506 |
Total liabilities and stockholders' equity | $68,962 | $89,046 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Sep. 27, 2013 | Sep. 28, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Trade accounts receivable, allowances (in Dollars) | $180 | $235 |
Preferred stock par value (in Dollars per share) | $0.00 | $0.00 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock par value (in Dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 13,217,484 | 13,175,225 |
Common stock, shares outstanding | 13,217,484 | 13,175,225 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Sep. 27, 2013 | Sep. 28, 2012 |
Revenues | $116,810 | $129,047 |
Cost of revenues | 63,010 | 62,820 |
Gross profit | 53,800 | 66,227 |
Operating expenses: | ' | ' |
Course development | 7,841 | 8,754 |
Sales and marketing | 28,616 | 35,054 |
General and administrative | 25,529 | 29,367 |
61,986 | 73,175 | |
Loss from operations | -8,186 | -6,948 |
Other income (expense), net: | ' | ' |
Interest income, net | 43 | 201 |
Foreign exchange losses | -151 | -257 |
Other | 19 | -17 |
-89 | -73 | |
Loss before provision for income taxes | -8,275 | -7,021 |
Provision for income taxes | 444 | 4,890 |
Net loss | -8,719 | -11,911 |
Temporary recovery of available for sale securities | 0 | 7 |
Foreign currency translation adjustments | -149 | 220 |
($8,868) | ($11,684) | |
Loss per common share - basic (in Dollars per share) | ($0.66) | ($0.89) |
Loss per common share - diluted (in Dollars per share) | ($0.66) | ($0.89) |
Cash dividends declared per common share (in Dollars per share) | $0 | $0 |
Weighted average shares outstanding - basic (in Shares) | 13,210 | 13,392 |
Weighted average shares outstanding - diluted (in Shares) | 13,210 | 13,392 |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity and Comprehensive Income (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Retained Earnings [Member] | Total |
In Thousands, except Share data | |||||
Balance at Sep. 30, 2011 | $1 | $5,534 | ($217) | $32,433 | $37,751 |
Balance (in Shares) at Sep. 30, 2011 | 13,479,000 | ' | ' | ' | ' |
Net loss | 0 | 0 | 0 | -11,911 | -11,911 |
Unrealized gain on available-for sale securities, net of tax | 0 | 0 | 7 | 0 | 7 |
Foreign currency translation | 0 | 0 | 220 | 0 | 220 |
Share based compensation | 0 | 222 | 0 | 0 | 222 |
Restricted stock units released | 0 | 0 | 0 | 0 | 0 |
Restricted stock units released (in Shares) | 40,000 | ' | ' | ' | ' |
Dividend | 0 | 0 | 0 | -40 | -40 |
Shares surrendered in lieu of tax withholding | 0 | 0 | 0 | -65 | -65 |
Shares surrendered in lieu of tax withholding (in Shares) | -8,000 | ' | ' | ' | ' |
Stock repurchases | 0 | 0 | 0 | -1,678 | -1,678 |
Stock repurchases (in Shares) | -336,000 | ' | ' | ' | ' |
Balance at Sep. 28, 2012 | 1 | 5,756 | 10 | 18,739 | 24,506 |
Balance (in Shares) at Sep. 28, 2012 | 13,175,000 | ' | ' | ' | 13,175,225 |
Net loss | 0 | 0 | 0 | -8,719 | -8,719 |
Unrealized gain on available-for sale securities, net of tax | ' | ' | ' | ' | 0 |
Foreign currency translation | 0 | 0 | -149 | 0 | -149 |
Share based compensation | 0 | 69 | 0 | 0 | 69 |
Restricted stock units released | 0 | 0 | 0 | 0 | 0 |
Restricted stock units released (in Shares) | 46,000 | ' | ' | ' | ' |
Dividend | 0 | 0 | 0 | -26 | -26 |
Shares surrendered in lieu of tax withholding | 0 | 0 | 0 | -20 | -20 |
Shares surrendered in lieu of tax withholding (in Shares) | -4,000 | ' | ' | ' | ' |
Stock repurchases | 0 | 0 | 0 | 0 | 0 |
Balance at Sep. 27, 2013 | $1 | $5,825 | ($139) | $9,974 | $15,661 |
Balance (in Shares) at Sep. 27, 2013 | 13,217,000 | ' | ' | ' | 13,217,484 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows(USD ($)) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 27, 2013 | Sep. 28, 2012 |
Cash flows - operating activities: | ' | ' |
Net loss | ($8,719) | ($11,911) |
Adjustments to reconcile net loss to net cash used in operating activities: | ' | ' |
Depreciation and amortization | 6,041 | 4,822 |
Share based compensation | 69 | 222 |
Deferred income taxes | 301 | 6,380 |
Provision for doubtful accounts | 240 | 109 |
Accretion of asset retirement obligations | 99 | 201 |
Loss on disposals of equipment and leasehold improvements | 54 | 19 |
Unrealized foreign exchange losses | 93 | 220 |
Gain on lease termination | -132 | 0 |
Change in operating assets and liabilities: | ' | ' |
Trade accounts receivable | 2,508 | 1,356 |
Prepaid expenses and other assets | 6,416 | -182 |
Income taxes receivable / payable | 857 | -2,529 |
Trade accounts payable | -2,197 | 2,156 |
Deferred revenues | -2,070 | -3,194 |
Deferred facilities rent and other charges | -802 | -81 |
Asset retirement obligations | -2,958 | 0 |
Other accrued liabilities | -2,564 | 1,253 |
Net cash used in operating activities | -2,764 | -1,159 |
Cash flows - investing activities: | ' | ' |
Purchases of equipment, property and leasehold improvements | -2,451 | -7,434 |
Purchases of available for sale securities | 0 | -24,669 |
Sales of available for sale securities | 6,118 | 20,636 |
Sales of equipment and leasehold improvements | 15 | 0 |
Net cash (used in) provided by investing activities | 3,682 | -11,467 |
Cash flows - financing activities: | ' | ' |
Repurchases of common stock | 0 | -1,678 |
Shares surrendered in lieu of tax withholding | -20 | -65 |
Payment of cash dividends | -26 | -40 |
Net cash used in financing activities | -46 | -1,783 |
Effects of exchange rates on cash and cash equivalents | -73 | -100 |
Net (decrease) increase in cash and cash equivalents | 799 | -14,509 |
Cash and cash equivalents at the beginning of the fiscal year | 25,784 | 40,293 |
Cash and cash equivalents at the end of the fiscal year | 26,583 | 25,784 |
Supplemental disclosures: | ' | ' |
Income taxes paid | 1,074 | 1,883 |
Interest paid | $0 | $0 |
Note_1_Nature_of_the_Business_
Note 1 - Nature of the Business and Summary of Significant Accounting Policies | 12 Months Ended | |||
Sep. 27, 2013 | ||||
Accounting Policies [Abstract] | ' | |||
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | ' | |||
1. NATURE OF THE BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||||
a. Nature of the Business | ||||
Learning Tree International, Inc. and subsidiaries (“we,” “us,” or “our”) develop, market, and deliver a broad proprietary library of instructor-led classroom courses that are designed to meet the professional development needs of information technology (“IT”) professionals and managers worldwide. These courses are delivered primarily at our leased education centers located in the United States, the United Kingdom, Canada, France, Sweden and Japan. Such course events are also conducted in hotel and conference facilities and at customer sites throughout the world. Approximately 90% of our course titles are also available to individuals located worldwide through Learning Tree AnyWare™, our patent-pending live online learning interface that allows individuals at any location to attend a live instructor-led Learning Tree class via the Internet. Our courses provide both breadth and depth of education across a wide range of technical and management disciplines, including operating systems, databases, computer networks, computer and network security, web development, programming languages, software engineering, open source applications, project management, business skills, and leadership and professional development. | ||||
We follow a 52- or 53-week fiscal year, with our quarter-end dates on the Friday nearest the end of the calendar quarter and our year-end dates on the Friday nearest the end of September. Accordingly, our fiscal year 2012 ended on September 28, 2012, and our fiscal year 2013 ended on September 27, 2013. Thus, these consolidated financial statements report our consolidated financial position as of September 28, 2012, and September 27, 2013 and the related consolidated statements of operations and comprehensive income (loss), stockholders’ equity and cash flows for the fiscal years ended September 28, 2012 and September 27, 2013. Fiscal years 2012 and 2013 were each 52-week years. | ||||
Certain items in the consolidated financial statements have been reclassified to conform to the current presentation. | ||||
b. Principles of Consolidation | ||||
The accompanying consolidated financial statements include the accounts of Learning Tree International, Inc. and our subsidiaries. All significant intercompany accounts and transactions have been eliminated. The following is a list of our subsidiaries: | ||||
Learning Tree International USA, Inc. (U.S.) | ||||
Learning Tree International, K.K. (Japan) | ||||
Learning Tree International Ltd. (United Kingdom) | ||||
Learning Tree International S.A. (France) | ||||
Learning Tree International AB (Sweden) | ||||
Learning Tree International Inc. (Canada) | ||||
Learning Tree International Ltd. (Hong Kong) | ||||
Advanced Technology Marketing, Inc. (U.S.) | ||||
c. Revenue Recognition and Accounts Receivable | ||||
Our revenues are received from business entities and government agencies for the professional training of their employees. Course events range in length from one to five days, and average approximately three and a half days. As stated above, we follow a 52- or 53-week fiscal year. This method is used in order to better align our external financial reporting with the way we operate our business. Since all courses have a duration of five days or less, and all courses begin and end within the same calendar week, under the 52- or 53-week fiscal year method all revenues and related direct costs for each course event are recognized in the week and the fiscal quarter in which the event takes place. | ||||
We offer our customers a multiple-course sales discount referred to as a “Learning Tree Training Passport.” A Learning Tree Training Passport allows an individual Passport holder to attend up to a specified number of Learning Tree courses over a one or two-year period for a fixed price. During fiscal year 2012, we re-introduced for a limited time the Unlimited Training Passport which allows an individual Passport holder to attend as many courses as they want, before the expiration date. For a Training Passport, the amount of revenue recognized for each attendance in a course is based upon the selling price of the Training Passport, the list price of the course taken, the weighted average list price of all courses taken and the estimated average number of courses Passport holders will actually attend. Upon expiration of each individual Training Passport, we record the difference, if any, between the revenues previously recognized and that specific Training Passport’s total invoiced price. The estimated attendance rate is based upon the historical experience of the average number of course events that Training Passport holders have been attending. The actual Training Passport attendance rate is reviewed at least semi-annually, and if the Training Passport attendance rates change, the revenue recognition rate for active Training Passports and for Training Passports sold thereafter is adjusted prospectively. | ||||
We believe it is appropriate to recognize revenues on this basis in order to most closely match revenue and related costs, as the substantial majority of our Passport holders do not attend the maximum number of course events permitted under their Training Passport. We believe that the use of recent historical data is reasonable and appropriate because of the relative stability of the average actual number of course events attended by Passport holders. | ||||
The average attendance rate for all expired Training Passports has closely approximated the estimated rate we utilize. Although we have seen no material changes in the historical rates as the number of course titles has changed, we monitor such potential effects. In general, determining the estimated average number of course events that will be attended by a Training Passport holder is based on historical trends that may not continue in the future. These estimates could differ in the near term from amounts used in arriving at the reported revenue. If the estimates are wrong, we would record the difference between the revenues previously recognized for that Training Passport and the Training Passport selling price upon expiration of that Training Passport. Thus, the timing of revenue recognition may be affected by an inaccurate estimation, but the inaccuracy would have no effect on the aggregate revenue recognized over the one- to two-year life of each Training Passport. | ||||
For newer Passport products for which historical utilization data is not available, we assume that the estimated average number of courses to be attended is equal to the number of courses available on the Passport. For the recently re-introduced Unlimited Training Passport, we utilize historical data to estimate the expected number of courses that will be attended. These assumed utilization rates may be revised in future periods after sufficient time has passed to amass additional historical trends. | ||||
In addition to our Learning Tree Training Passports, we also offer a multiple-course sales discount referred to as Learning Tree Training Vouchers. With Learning Tree Training Vouchers, a customer buys the right to send a specified number of attendees to Learning Tree courses over a six to twelve-month period for a fixed price. Revenue is recognized on a pro rata basis for each attendance. For the majority of Training Vouchers with unused seats at the expiration of the Voucher, we record the pro rata selling price of the expired unused seats as revenue. At times we make a business decision to extend a Training Voucher beyond the normal twelve month expiration date. Training Vouchers purchased under government rate schedules have no expiration date. | ||||
Trade accounts receivable are reduced by an allowance for amounts that may become uncollectible in the future. We use estimates in determining the allowance for doubtful accounts receivable, based on our analysis of various factors, including our historical collection experience, current trends, specific identification of invoices which are considered doubtful, and a percentage of our past due accounts receivable. These estimates could differ from actual collection experience and are subject to adjustment. Our trade accounts receivable are written off when they are deemed uncollectible. | ||||
d. Stock-Based Compensation | ||||
We estimate the fair value of share-based option awards on the date of grant using an option-pricing model. We estimate the fair value of share-based restricted stock units and restricted stock grants using the closing price of our stock on the date of grant. The value of the portion of the award that is ultimately expected to vest is recognized as expense over the requisite service periods in our consolidated statements of operations and comprehensive income (loss). Our determination of fair value of share-based payment awards on the date of grant using an option-pricing model is affected by assumptions regarding a number of variables, including our expected stock price volatility, expected term, dividend yield and risk-free interest rates. | ||||
We analyzed our historical volatility to estimate the expected volatility. The risk-free interest rate assumption is based on the U.S. Treasury rate at the date of grant, which most closely resembles the expected life of our options. The estimated expected life represents the weighted-average period the stock options are expected to remain outstanding and has been determined based on the simplified method under Accounting Standards Codification (“ASC”) 718. We do not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term. | ||||
As stock-based compensation expense recognized in the consolidated statements of operations is based on awards ultimately expected to vest, it has been reduced for estimated pre-vesting forfeitures. Forfeitures were estimated based on historical experience. The estimated forfeiture rates used for fiscal years 2012 and 2013 were zero. | ||||
e. Course Development Costs | ||||
Course development costs are charged to operations in the period incurred. | ||||
f. Advertising | ||||
Advertising costs are charged to expense in the period incurred. Advertising costs totaled $1,399 and $1,057 in fiscal years 2012 and 2013, respectively. | ||||
g. Cash and Cash Equivalents, Available for Sale Securities, and Interest-bearing Investments | ||||
We consider highly liquid investments with remaining maturities of ninety days or less when purchased to be cash equivalents. | ||||
We classify certain of our investments in marketable securities as “available for sale”. We do not have any investments classified as “trading” or “held-to-maturity.” Our policy is to invest cash with issuers that have high credit ratings and to limit the amount of credit exposure to any one issuer. | ||||
As of September 27, 2013, we had no available for sale securities compared to available for sale securities of $6,131 stated at fair market value, net of unrealized gains and losses as of September 28, 2012. Those available for sale securities were highly liquid investments. We may sell investments prior to their stated maturities for strategic purposes, in anticipation of credit deterioration or for duration management. These investments consisted primarily of short-term corporate bonds, and United States government agencies securities, both state taxable and tax-exempt issues. | ||||
Restricted interest-bearing investments at September 27, 2013 consisted of cash deposits of $2,725 (1,689 British Pounds) and $1,450 which were pledged as collateral to secure our obligations under leases for education center facilities located in the United Kingdom and the United States, respectively. This compares to restricted interest-bearing investments of cash deposits of $8,081 (5,000 British Pounds) and $1,450 at September 28, 2012. The United Kingdom deposits are held in trust by the landlord with interest accruing to us and paid on an annual basis. The deposit will be released to us at the earlier of the end of the lease period or when certain financial ratios have been met. In the United States, the deposit is in a restricted account held by our bank and serves as collateral for a letter of credit issued to our landlord by our bank. | ||||
h. Marketing Expenses | ||||
Marketing expenses primarily include the external costs associated with the design, printing, postage, list rental and handling of direct mail advertising materials to be mailed in the future. These costs are charged to expense in the month in which the advertising materials are mailed since the benefit period for such costs is short and the amount of future benefit is not practically measurable. Marketing expenses for fiscal years 2012 and 2013 were $15,627 and $13,453 respectively. | ||||
i. Equipment, Property and Leasehold Improvements | ||||
Equipment, property and leasehold improvements are recorded at cost and depreciated or amortized using the straight-line method over the following estimated useful lives: | ||||
Education and office equipment years | 3 | to | 5 | |
Transportation equipment years | 4 | |||
Accounting software years | 7 | |||
Leasehold improvements years | 20 or the life of the lease, if shorter | |||
Building years | 30 | |||
Land, stated at cost, amounted to $1,342 during all periods presented. | ||||
Software amortization amounted to $3 and $1 in fiscal years 2012 and 2013, respectively. Total depreciation and amortization expense amounted to $4,822 and $6,041 in fiscal years 2012 and 2013, respectively. Costs of normal maintenance and repairs and minor replacements are normally charged to expense as incurred. In those instances where we have determined we are contractually obligated to incur recurring repairs and maintenance costs related to our leased facilities, a provision is made in the financial statements at the earlier of the date the expense is incurred or the date of the obligation. The costs of assets sold or retired are eliminated from the accounts along with the related accumulated depreciation or amortization, and any resulting gain or loss is included in the statements of operations and comprehensive income (loss). | ||||
The fair value of a liability for an asset retirement obligation associated with a leased facility is recorded as an asset (leasehold improvements) and a liability when there is a legal obligation associated with the retirement of a long-lived asset and the amount can be reasonably estimated. See also Note 2 relating to asset retirement obligations. | ||||
j. Long-Lived Assets | ||||
We periodically review the carrying value of our long-lived assets, such as equipment, property and leasehold improvements for impairment or whenever events or changes in circumstances indicate that the carrying value may not be recoverable. In making such evaluations, we compare the expected future cash flows to the carrying amount of the assets. If the total of the expected future cash flows is less than the carrying amount of the assets, we are required to make estimates of the fair value of the long-lived assets in order to calculate the impairment loss equal to the difference between the fair value of the assets and their book value. We make significant assumptions and estimates in this process regarding matters that are inherently uncertain, such as estimating cash flows, remaining useful lives, discount rates and growth rates. The resulting cash flows are computed over an extended period of time, which subjects those assumptions and estimates to an even larger degree of uncertainty. While we believe that our estimates are reasonable, different assumptions regarding such cash flows could materially affect the valuation of long-lived assets. | ||||
k. Deferred Revenues | ||||
Deferred revenues primarily relate to unearned revenues associated with Training Passports, Training Vouchers and advance payments received from customers for course events to be held in the future. | ||||
l. Comprehensive Income (loss) | ||||
We report comprehensive income in the Consolidated Statements of Operations and Comprehensive Income (Loss). Other comprehensive income (loss) represents changes in stockholders’ equity from non-owner sources and is comprised of foreign currency translation adjustments and unrealized losses on available-for-sale securities, net of tax. At the end of fiscal year 2013, accumulated other comprehensive income (loss) consisted of cumulative foreign currency translation adjustments of $(139) compared to cumulative foreign currency translation adjustments of $10 in fiscal year 2012. | ||||
m. Income Taxes | ||||
We provide for income taxes under the provisions of Financial Accounting Standards Board (“FASB”) ASC 740, Income Taxes. Deferred income taxes result from temporary differences between the tax basis of assets and liabilities and the basis reported in our consolidated financial statements. Deferred tax liabilities and assets are determined based on the difference between financial statement and tax basis of assets and liabilities using enacted rates expected to be in effect during the year in which the differences reverse. Valuation allowances are provided against assets, including net operating losses, if it is anticipated that some or the entire asset may not be realized through future taxable earnings or implementation of tax planning strategies. | ||||
The tax effects of uncertain tax positions are recognized in the financial statements only if the position is more likely than not to be sustained on audit, based on the technical merits of the position. For tax positions meeting the more likely than not threshold, the amount recognized in the consolidated financial statements is the largest benefit that has a greater than 50% likelihood of being realized. It is our accounting policy to account for ASC 740-10 related penalties and interest as a component of the income tax provision in the consolidated statements of operations and comprehensive income (loss). | ||||
n. Foreign Currency | ||||
We translate the financial statements of our foreign subsidiaries from the local (functional) currencies to U.S. dollars. The rates of exchange at each fiscal year end are used for translating the assets and liabilities and the average monthly rates of exchange for each year are used for the statements of operations. Gains or losses arising from the translation of the foreign subsidiaries’ financial statements are included in the accompanying consolidated balance sheets as a separate component of stockholders’ equity. Gains or losses resulting from foreign currency transactions are included in the consolidated statements of operations and comprehensive income (loss). | ||||
To date, we have not sought to hedge the risk associated with fluctuations in currency exchange rates, and therefore we continue to be subject to such risk. | ||||
o. Deferred Facilities Rent | ||||
Operating Lease Activities: | ||||
We lease education center and administrative office space under various operating lease agreements. Certain lease agreements include provisions that provide for cash incentives, graduated rent payments and other inducements. We recognize rent expense on a straight-line basis over the related terms of such leases. The value of lease incentives and/or inducements, along with the excess of the rent expense recognized over the rentals paid, is recorded as deferred facilities rent in the accompanying consolidated balance sheets. | ||||
Lease Termination Activities: | ||||
We record liabilities for costs that will be incurred under a contract without economic benefit at estimated fair value. We have vacated space in leased facilities subject to operating leases and recorded the estimated liability associated with future rentals at the cease-use date. The fair value of the liability at the cease-use date was determined based on the remaining cash flows for lease rentals, and minimum lease payments, reduced by estimated sublease rentals and certain subtenant reimbursements that could be reasonably obtained for the property, discounted using a credit-adjusted risk-free rate. The liability is adjusted for changes, if any, resulting from revisions to estimated cash flows after the cease-use date, measured using the original historical credit-adjusted risk-free rate. Changes due to the passage of time are recognized as an increase in the carrying amount of the liability and as accretion expense. | ||||
In September 2012, we announced our intention to close the Los Angeles, CA office facility effective December 2012. Our lease for these facilities runs through April 2016. We recorded a restructuring charge for the estimated liability associated with future rentals due under the property lease as of the cease use date. The fair value of the lease liability at the cease use date was determined based on the remaining cash flows for lease rentals, and minimum lease payments, reduced by estimated sublease rentals, discounted using a credit adjusted risk free rate. In addition, the estimated useful life of leasehold improvements was adjusted for the December 2012 closure date. | ||||
p. Fair Value of Financial Instruments | ||||
The carrying values of cash and cash equivalents, accounts receivable and accounts payable approximate their fair values because of the short-term nature of these instruments. Available for sale securities are carried at market value. | ||||
q. Use of Estimates | ||||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make judgments, estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. | ||||
r. Recently Issued Accounting Pronouncements | ||||
In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (“ASU 2013-02”), which provides guidance on disclosure requirements for items reclassified out of accumulated other comprehensive income. The standard requires entities to present (either on the face of the income statement or in the notes to the financial statements) the effects of amounts reclassified out of accumulated other comprehensive income on income statement line items. ASU 2013-02 is effective prospectively for reporting periods beginning after December 15, 2012. The adoption of this guidance will not have a material impact on our consolidated financial statements. | ||||
In July 2013, the FASB issued ASU No. 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). The standard provides that a liability related to an unrecognized tax benefit would be offset against a deferred tax asset instead of presented gross for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward if such settlement is required or expected in the event the uncertain tax position is disallowed. ASU 2013-11 is effective for fiscal years beginning after December 15, 2013, with early adoption permitted, and may be applied either retrospectively or on a prospective basis to all unrecognized tax benefits that exist at the adoption date. The adoption of this guidance will not have a material impact on our consolidated financial statements. | ||||
Other recent accounting pronouncements issued by the FASB (including the Emerging Issues Task Force), the American Institute of Certified Public Accountants and the SEC did not, or management believes will not, have a material impact on our present or future consolidated financial statements. |
Note_2_Asset_Retirement_Obliga
Note 2 - Asset Retirement Obligations | 12 Months Ended | ||||||||
Sep. 27, 2013 | |||||||||
Asset Retirement Obligation Disclosure [Abstract] | ' | ||||||||
Asset Retirement Obligation Disclosure [Text Block] | ' | ||||||||
2. ASSET RETIREMENT OBLIGATIONS | |||||||||
We record a liability equal to the fair value of the estimated cost to retire an asset. The asset retirement obligation (“ARO”) liability is recorded in the period in which the obligation meets the definition of a liability, which is generally when the asset is placed in service and whereby we have contractual commitments to remove leasehold improvements and to return the leased facility back to a specified condition when the lease terminates. For a facility lease, this is typically at the inception of the lease. | |||||||||
When the ARO liability is initially recorded, we increase the carrying amount of the related long-lived asset (leasehold improvements) by an amount equal to the calculated liability. The liability is subsequently accreted to its present value each period, and the capitalized cost is depreciated over the useful life of the related asset, which is the lease term. The ARO liability is recorded at fair value, and accretion expense (included in general and administrative expenses) is recognized over time as the discounted liability is accreted to its expected settlement value. The fair value of the ARO liability is measured using the expected future cash outflows related to the lease and calculated by using inflation rates in effect at the time of adoption and incorporating a market-risk premium, and discounted at our credit-adjusted risk-free interest rate at the time of adoption. Any difference between costs incurred upon settlement of an asset retirement obligation and the recorded liability will be recognized as a gain or loss in our earnings. | |||||||||
Each ARO liability is based on a number of assumptions requiring judgment. We cannot predict the type of revisions to these assumptions that will be required in future periods due to the availability of additional information, technology changes, the price of labor costs and other factors. | |||||||||
The following table presents the activity for our AROs, which primarily consist of classroom facilities at our education centers: | |||||||||
Fiscal Year Ended | |||||||||
September 28, | September 27, | ||||||||
2012 | 2013 | ||||||||
ARO balance, beginning of year | $ | 3,598 | $ | 3,907 | |||||
Liabilities incurred | 0 | 1,022 | |||||||
Accretion expense | 201 | 99 | |||||||
Liabilities satisfied | 0 | (29 | ) | ||||||
Settlement of ARO liability | 0 | (2,929 | ) | ||||||
Foreign currency translation | 108 | (66 | ) | ||||||
ARO balance, end of year | $ | 3,907 | $ | 2,004 | |||||
Note_3_Income_Taxes
Note 3 - Income Taxes | 12 Months Ended | ||||||||||||||||
Sep. 27, 2013 | |||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||||||||||
3. INCOME TAXES | |||||||||||||||||
We file a consolidated United States Federal income tax return which includes all of our domestic operations. Our domestic subsidiaries also file income tax returns based on our operations in certain state and local jurisdictions. We file separate tax returns for each of our foreign subsidiaries in the countries in which they operate. | |||||||||||||||||
Loss before provision for income taxes consists of the following: | |||||||||||||||||
Fiscal Year Ended | |||||||||||||||||
September 28, | September 27, | ||||||||||||||||
2012 | 2013 | ||||||||||||||||
Domestic | $ | (7,208 | ) | $ | (9,581 | ) | |||||||||||
Foreign | 187 | 1,306 | |||||||||||||||
Total | $ | (7,021 | ) | $ | (8,275 | ) | |||||||||||
The provision (benefit) for income taxes consists of the following: | |||||||||||||||||
Fiscal Year Ended | |||||||||||||||||
September | September 27, | ||||||||||||||||
28, 2012 | 2013 | ||||||||||||||||
Current tax provision (benefit): | |||||||||||||||||
U.S. Federal | $ | (2,141 | ) | $ | (201 | ) | |||||||||||
State | 227 | 253 | |||||||||||||||
Foreign | 424 | 91 | |||||||||||||||
(1,490 | ) | 143 | |||||||||||||||
Deferred tax provision: | |||||||||||||||||
U.S. Federal | 5,484 | 274 | |||||||||||||||
State | 439 | 0 | |||||||||||||||
Foreign | 457 | 27 | |||||||||||||||
6,380 | 301 | ||||||||||||||||
Provision for income taxes | $ | 4,890 | $ | 444 | |||||||||||||
The following is a reconciliation of the provision for income taxes to the United States Federal statutory tax rate: | |||||||||||||||||
Fiscal Year Ended | |||||||||||||||||
September 28, | Effective | September 27, | Effective | ||||||||||||||
2012 | Tax rate | 2013 | Tax rate | ||||||||||||||
% | % | ||||||||||||||||
Income taxes at the U.S. statutory rate | $ | (2,472 | ) | 35.2 | % | $ | (2,896 | ) | 35 | % | |||||||
Tax-exempt interest | (1 | ) | 0 | 0 | 0 | ||||||||||||
Equity compensation | 194 | (2.7 | ) | 6 | (0.1 | ) | |||||||||||
Penalties | 5 | (0.1 | ) | 6 | (0.1 | ) | |||||||||||
Other permanent differences | 339 | (4.8 | ) | 356 | (4.3 | ) | |||||||||||
Effects of foreign taxes and tax credits | (176 | ) | 2.5 | 3,149 | (38.1 | ) | |||||||||||
State income taxes | (37 | ) | 0.5 | (138 | ) | 1.7 | |||||||||||
Uncertain tax positions | 628 | (9.0 | ) | 8 | (0.1 | ) | |||||||||||
Change in valuation allowance | 6,355 | (90.5 | ) | (174 | ) | 2.1 | |||||||||||
Other | 55 | (0.8 | ) | 127 | (1.5 | ) | |||||||||||
Total provision for income taxes | $ | 4,890 | (69.7 | )% | $ | 444 | (5.4 | )% | |||||||||
Significant management judgment is required in determining our provision for income taxes and in determining whether any deferred tax assets will be realized in full or in part. When it is more likely than not that all or some portion of specific deferred tax assets such as net operating losses or foreign tax credit carry-forwards will not be realized, a valuation allowance must be established for the amount of the deferred tax assets that would not be realized. Realization will be based on our ability to generate sufficient future taxable income. In the third quarter of 2012 we established a valuation allowance against our deferred tax assets in the United States and France due to current year and projected future pre-tax book losses. We continued to maintain this valuation allowance throughout fiscal year 2013. As of September 27, 2013, we had a net deferred tax asset of $182. | |||||||||||||||||
As of September 27, 2013, we had foreign tax credit carry-forwards of approximately $157, which expire, if unused in the years 2021-2023. We also have $9,100 of net operating losses in the U.S that will begin to expire in the year 2032. | |||||||||||||||||
Deferred income tax assets and liabilities consist of the following: | |||||||||||||||||
Fiscal Year Ended | |||||||||||||||||
September 28, | September 27, | ||||||||||||||||
2012 | 2013 | ||||||||||||||||
Domestic operations: | |||||||||||||||||
Deferred tax assets: | |||||||||||||||||
Deferred facilities rent charges | $ | 2,325 | $ | 2,321 | |||||||||||||
Deferred revenue | 1,779 | 1,840 | |||||||||||||||
Foreign tax credit carryforwards | 132 | 157 | |||||||||||||||
Alternative minimum tax credit carryforwards | 0 | 96 | |||||||||||||||
Accrued vacation | 500 | 426 | |||||||||||||||
Equity compensation | 235 | 48 | |||||||||||||||
Depreciation and amortization | 1,945 | 1,219 | |||||||||||||||
Other | 168 | 171 | |||||||||||||||
Net operating loss | 0 | 3,341 | |||||||||||||||
Deferred tax liabilities: | |||||||||||||||||
Prepaid expenses | (372 | ) | (283 | ) | |||||||||||||
481(a) adjustments | (582 | ) | (230 | ) | |||||||||||||
Undistributed earnings of foreign subsidiaries | 0 | (3,371 | ) | ||||||||||||||
Domestic net deferred tax assets | 6,130 | 5,735 | |||||||||||||||
Foreign operations: | |||||||||||||||||
Deferred tax assets: | |||||||||||||||||
Deferred benefits for uncertain positions | 39 | 0 | |||||||||||||||
Depreciation and other | 1,101 | 903 | |||||||||||||||
Deferred tax liabilities: | |||||||||||||||||
Depreciation and other | (360 | ) | (258 | ) | |||||||||||||
Foreign net deferred tax assets | 780 | 645 | |||||||||||||||
Domestic and foreign deferred tax assets | 6,910 | 6,380 | |||||||||||||||
Valuation allowances | (6,355 | ) | (6,198 | ) | |||||||||||||
Net deferred tax assets | $ | 555 | $ | 182 | |||||||||||||
The Company recognizes interest and penalties related to unrecognized tax benefits as a component of income tax expense. For fiscal year 2013, we recognized an expense of $49 attributable to interest for uncertain tax positions. As of September 27, 2013 and September 28, 2012, we had $593 and $616 accrued, respectively for interest and penalties for uncertain tax positions. As of September 27, 2013, $792 of our total unrecognized tax benefits would favorably affect our effective tax rate if recognized. During 2013, the Company recorded an additional $183 of unrecognized tax benefits associated with certain intercompany transactions in foreign jurisdictions. We do not believe it is reasonably possible that the amount of unrecognized tax benefits will significantly change within the next 12 months due to changes in circumstances other than related to these intercompany transactions. We file income tax returns in the United States and various state, local, and foreign jurisdictions, and remain subject to examinations by these jurisdictions for fiscal years 2007 through 2013. | |||||||||||||||||
The aggregate change in the balance of gross unrecognized tax benefits, which excludes interest and penalties, is as follows: | |||||||||||||||||
Fiscal Year Ended | |||||||||||||||||
September 28, | September 27, | ||||||||||||||||
2012 | 2013 | ||||||||||||||||
Balance, beginning of year | $ | 1,159 | $ | 566 | |||||||||||||
Increases related to tax positions taken during a prior period | 0 | 0 | |||||||||||||||
Decreases related to tax positions taken during a prior period | 0 | 0 | |||||||||||||||
Increases related to tax positions taken during the current period | 0 | 183 | |||||||||||||||
Decreases related to settlements with taxing authorities | (229 | ) | 0 | ||||||||||||||
Decreases related to expiration of the statute of limitations | (364 | ) | (186 | ) | |||||||||||||
Balance end of year | $ | 566 | $ | 563 | |||||||||||||
Based on future forecasts and budgets, the Company plans to repatriate cash from the foreign subsidiaries to the United States. Therefore, in the fourth quarter of fiscal year 2013, the Company recorded a deferred tax liability of $3,371 for Federal income and foreign withholding taxes related to approximately $10,100 of its international subsidiaries’ undistributed earnings as of September 27, 2013. This deferred tax liability is offset by existing deferred tax assets in the United States; therefore, the net impact to tax expense for fiscal year 2013 is only the $25 of foreign withholding taxes. The remainder of the undistributed earnings will be reinvested in the international subsidiaries in order to fund the local operating expenses and fulfill certain local country compliance requirements; therefore, taxes are not provided on the undistributed foreign earnings that will be reinvested overseas. At September 27, 2013, it is not practicable to determine the amount of applicable taxes that would be due if such earnings were distributed. |
Note_4_Commitments_And_Conting
Note 4 - Commitments And Contingencies | 12 Months Ended | ||||||||||||
Sep. 27, 2013 | |||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||||||
Commitments and Contingencies Disclosure [Text Block] | ' | ||||||||||||
4. COMMITMENTS AND CONTINGENCIES | |||||||||||||
a. Commitments | |||||||||||||
As of September 27, 2013, we have various non-cancelable operating leases for facilities that expire at various dates through 2021 and certain leases for office equipment requiring annual payments as follows: | |||||||||||||
Fiscal Year Ending | Minimum | Less | Net Lease | ||||||||||
Lease | Sublease | Commitments | |||||||||||
Payments | Proceeds | ||||||||||||
2014 | $ | 10,300 | $ | 46 | $ | 10,254 | |||||||
2015 | 9,674 | 112 | 9,562 | ||||||||||
2016 | 8,997 | 46 | 8,951 | ||||||||||
2017 | 6,490 | 0 | 6,490 | ||||||||||
2018 | 4,048 | 0 | 4,048 | ||||||||||
Thereafter | 14,647 | 0 | 14,647 | ||||||||||
$ | 54,156 | $ | 204 | $ | 53,952 | ||||||||
Rental expense, not including sublease income was $11,955 and $10,072 for fiscal years 2012 and 2013, respectively. Sublease rental income for fiscal years 2012 and 2013 was $2,274 and $387, respectively. | |||||||||||||
On November 14, 2012, we, together with our United Kingdom subsidiary, Learning Tree International Limited, and Laxton Properties Limited (the “Landlord”) surrendered our lease dated March 19, 1999 for Learning Tree International Limited’s Education Center facility in London (“Euston House”), which had been due to run through January, 2019. Learning Tree International Limited had been subleasing certain floors of the Euston House location to third-party subtenants. In conjunction with the surrender, the subleases reverted to the Landlord and Learning Tree International Limited entered into four new leases with the Landlord for just the space we needed to run our operations in London. We are party to each of the four new leases as guarantor for our subsidiary’s obligations. The four leases each became effective as of November 14, 2012 and cover the total rentable area of Euston House’s (1) ground and basement floors; (2) first floor; (3) second floor; and (4) part of the sixth floor. The first three leases run through November 13, 2022 and the fourth lease for part of the sixth floor runs through August 23, 2014. The aggregate annual minimum rent of the leases is £1.4 million ($2.3 million USD), compared to the original gross minimum rent of £2.85 million offset by £1.5 million in sublease rents for a net of £1.35 million under the prior lease. In connection with the early surrender of the original lease, we paid the landlord a £2.0 million ($3.2 million USD) surrender payment, we were released from our asset retirement obligation, estimated at £1.9 million ($3.0 million USD), to restore the leasehold to original condition, and the £5.0 million ($8.1 million USD) deposit that was being held in escrow as security against our default on the rental payments was released to Learning Tree International Limited by the Landlord. Under the terms of the new leases deposits totaling £1.7 million ($2.7 million USD) have been placed with the Landlord as security against our default on the rental payments under the leases. The net impact to net income (loss) for our fiscal year 2013 taking into account the surrender payment, the release of the asset retirement obligation, and reversal of deferred rents was less than £0.1 million ($0.1 million USD). | |||||||||||||
b. Contingencies | |||||||||||||
Currently, and from time to time, we are involved in litigation incidental to the conduct of our business. We are not a party to any lawsuit or proceeding that, in the opinion of management, is likely to have a material adverse effect on our consolidated financial position or results of operations. |
Note_5_Stockholders_Equity
Note 5 - Stockholders' Equity | 12 Months Ended |
Sep. 27, 2013 | |
Stockholders' Equity Note [Abstract] | ' |
Stockholders' Equity Note Disclosure [Text Block] | ' |
5. STOCKHOLDERS’ EQUITY | |
During fiscal year 2012 we purchased 336,000 shares of Common Stock at a cost of $1,678. We did not purchase any shares of our Common Stock during fiscal year 2013. All of our Common Stock repurchases were made in open-market transactions and not pursuant to any publicly traded plans. We may make purchases of common stock in the future, but we have no commitments to do so. |
Note_6_StockBased_Compensation
Note 6 - Stock-Based Compensation | 12 Months Ended | ||||||||||||||||
Sep. 27, 2013 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||||||||||||
6. STOCK-BASED COMPENSATION | |||||||||||||||||
Effective January 23, 2007, our stockholders approved the 2007 Equity Incentive Plan (our “2007 Plan”). Our 1999 Stock Option Plan terminated upon shareholder approval of our 2007 Plan, and no further grants of awards can be made under that plan although the rights of holders of options previously granted and outstanding under that plan were not affected. Our 2007 Plan is administered by the Compensation and Stock Option Committee of our Board of Directors. Our 2007 Plan permits the granting of nonqualified stock options, incentive stock options, stock appreciation rights (or SARs), restricted stock, restricted stock units, performance units and performance shares to our employees, officers, directors and consultants in an amount up to an aggregate of 1,000,000 shares of Common Stock. Option awards have been granted with an exercise price equal to the market price of our stock at the date of grant and generally vest one third per year over three years (in some instances, subject to achieving certain financial targets in the year with respect to which they are granted) and have five-year contractual terms. However, the exercise price, vesting schedule and period required for full exercisability of the options is at the discretion of the Compensation and Stock Option Committee of our Board of Directors. We recognize compensation cost for these awards on a straight-line basis (or, on a graded basis for those options with performance conditions) over the requisite service period for the entire award, which is equal to the vesting period. We have a policy of issuing new shares of Common Stock to satisfy share option exercises. | |||||||||||||||||
The fair value of each option award was estimated on the date of grant using a Black-Scholes option-pricing formula that used the assumptions noted in the following table. Expected volatilities were based on the historical volatility of our stock measured over a period commensurate with the expected life of granted stock options. The expected term of options represented the period of time that options granted were expected to be outstanding and was determined based on the simplified method as discussed in ASC 718 “Compensation-Stock Compensation”, as we do not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term. The risk-free interest rate assumption was based on the U.S. Treasury rate at the date of the grant, which most closely resembled the expected life of options. The expected dividend yield was 0%. | |||||||||||||||||
A summary of option activity under the 2007 Plan and previous plans during fiscal years 2012, and 2013 is presented below: | |||||||||||||||||
Options | Shares | Weighted- | Weighted- | Aggregate | |||||||||||||
Average | Average | Intrinsic | |||||||||||||||
Exercise | Remaining Contractual | Value | |||||||||||||||
Price | Term | ||||||||||||||||
Outstanding at September 30, 2011 | 155,000 | $ | 13.62 | 1.2 | $ | 0 | |||||||||||
Options granted | 0 | $ | 0 | ||||||||||||||
Options exercised | 0 | $ | 0 | ||||||||||||||
Options forfeited, expired and unearned | (131,000 | ) | $ | 12.83 | |||||||||||||
Outstanding at September 28, 2012 | 24,000 | $ | 17.97 | 0.2 | $ | 0 | |||||||||||
Options granted | 0 | $ | 0 | ||||||||||||||
Options exercised | 0 | $ | 0 | ||||||||||||||
Options forfeited, expired and unearned | (24,000 | ) | $ | 17.97 | |||||||||||||
Outstanding at September 27, 2013 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||
Vested and expected to vest at September 27, 2013 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||
Exercisable at September 27, 2013 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||
There were no options granted in fiscal years 2012 and 2013. There were no options exercised in fiscal years 2012 or 2013. | |||||||||||||||||
Stock-based compensation expense related to employee stock options is included in cost of revenues and operating expenses consistent with the respective employee salary costs. These costs totaled $21 and $0 for fiscal years 2012 and 2013, respectively. As stock-based compensation expense recognized in the consolidated statement of operations is based on awards ultimately expected to vest, it has been reduced for estimated pre-vesting forfeitures. Prior to fiscal year 2012, we reduced the estimated forfeiture rate for executive personnel to zero. | |||||||||||||||||
The total income tax benefit relating to stock options and recognized in the consolidated statement of operations was $35 and $0 for fiscal years 2012 and 2013, respectively. No stock options were exercised in fiscal years 2012 and 2013. | |||||||||||||||||
Restricted Stock | |||||||||||||||||
As noted above, our 2007 Plan permits us to grant shares of restricted stock. Shares awarded under the plan entitle the shareholder to all rights of common stock ownership except that the shares may not be sold, transferred, pledged, exchanged or otherwise disposed of during the restriction period, and may be repurchased by us for nominal consideration if the employee ceases to be employed by us during that period. The restriction period is determined by the Compensation and Stock Option Committee of our Board of Directors. | |||||||||||||||||
We did not issue any shares of restricted stock during fiscal years 2012 and 2013 and there were no shares of restricted stock outstanding as of the end of fiscal years 2012 and 2013. | |||||||||||||||||
Restricted Stock Units | |||||||||||||||||
As noted above, our 2007 Plan permits us to grant restricted stock units (RSU’s), which entitle holders to receive shares of common stock upon vesting. During fiscal year 2012, we granted 120,285 RSU’s to certain employees and outside directors. These stock units are subject to vesting requirements over three years. When originally granted, these RSU’s were also subject to certain financial performance targets during fiscal year 2012. However, in June 2012, the Board of Directors removed the financial performance targets and the RSU’s only remain subject to the three year vesting schedule. During fiscal year 2013, we granted 54,685 RSU’s to the outside directors. These stock units were subject to the three year vesting schedule. The compensation for the outside directors was changed during FY 2013, to eliminate further grants of RSU’s and to replace it with an increased cash retainer. Outside directors holding unvested RSU’s were given an option to voluntarily forfeit their unvested RSU’s and transition immediately to the increased cash retainer or wait until all of the RSU’s had vested before transitioning to the increased cash retainer. All of the outside directors impacted by this change elected to voluntarily forfeit their unvested RSU’s. | |||||||||||||||||
A summary of the restricted stock unit activity is as follows: | |||||||||||||||||
Restricted Stock | Weighted Average | ||||||||||||||||
Units | Grant Date Fair | ||||||||||||||||
Value | |||||||||||||||||
Nonvested at September 30, 2011 | 102,473 | $ | 10.73 | ||||||||||||||
Granted | 120,285 | $ | 6.31 | ||||||||||||||
Vested | (40,228 | ) | $ | 10.7 | |||||||||||||
Forfeited | (79,581 | ) | $ | 7.77 | |||||||||||||
Nonvested at September 28, 2012 | 102,949 | $ | 7.86 | ||||||||||||||
Granted | 54,685 | $ | 5.49 | ||||||||||||||
Vested | (45,858 | ) | $ | 8.56 | |||||||||||||
Forfeited | (102,334 | ) | $ | 6.33 | |||||||||||||
Nonvested at September 27, 2013 | 9,442 | $ | 7.29 | ||||||||||||||
For fiscal years 2012 and 2013 we recognized $201 and $69, respectively, in compensation costs related to restricted stock units. |
Note_7_Employee_Benefit_Plans
Note 7 - Employee Benefit Plans | 12 Months Ended |
Sep. 27, 2013 | |
Disclosure Text Block Supplement [Abstract] | ' |
Compensation and Employee Benefit Plans [Text Block] | ' |
7. EMPLOYEE BENEFIT PLANS | |
We have adopted a defined contribution plan for the benefit of our domestic employees who have met the eligibility requirements. The Learning Tree International 401(k) Plan (our “401(k) Plan”) is a profit-sharing plan qualifying under Section 401(k) of the Internal Revenue Code. | |
Qualified employees may elect to contribute to our 401(k) Plan on a pre-tax basis. The maximum amount of employee contribution is subject only to statutory limitations. Beginning April 1, 2009 we made contributions at a rate of 50% of the first 2% of employee compensation contributed. Starting September 30, 2011 we made contributions at a rate of 30% of the first 6% of employee compensation contributed. We contributed $287 and $324 to our 401(k) Plan for fiscal years 2012 and 2013, respectively. | |
We have adopted or participate in country-sponsored defined contribution plans for the benefit of our employees of all of our foreign subsidiaries. Contributions to these plans are subject to tenure and compensation level criteria, as well as certain limitations. For fiscal years 2012 and 2013 our cost for these plans was approximately $637 and $591, respectively. |
Note_8_Loss_Per_Share
Note 8 - Loss Per Share | 12 Months Ended | ||||||||
Sep. 27, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Earnings Per Share [Text Block] | ' | ||||||||
8. LOSS PER SHARE | |||||||||
Loss per share—basic is computed by dividing net loss by the weighted average number of shares of Common Stock outstanding during the period. Loss per share—diluted includes the dilutive effect, if any, of nonvested restricted stock grants, nonvested restricted stock units and of outstanding options to purchase common stock, using the treasury stock method. For fiscal years 2012 and 2013, 24,058 and 0 stock options, respectively, were anti-dilutive and excluded from the Loss per share—diluted calculation. | |||||||||
The following table sets forth the calculation of basic and diluted income (loss) per share: | |||||||||
Fiscal Year Ended | |||||||||
September 28, | September 27, | ||||||||
2012 | 2013 | ||||||||
Numerator: | |||||||||
Net loss | $ | (11,911 | ) | $ | (8,719 | ) | |||
Denominator: | |||||||||
Weighted-average shares outstanding - basic | 13,392 | 13,210 | |||||||
Dilutive effect of stock options, restricted stock and restricted stock units | - | - | |||||||
Weighted-average shares outstanding - diluted | 13,392 | 13,210 | |||||||
Income Per Share: | |||||||||
Loss per common share - basic | $ | (0.89 | ) | $ | (0.66 | ) | |||
Loss per common share - diluted | $ | (0.89 | ) | $ | (0.66 | ) | |||
Note_9_Operating_Segment_Infor
Note 9 - Operating Segment Information | 12 Months Ended | ||||||||
Sep. 27, 2013 | |||||||||
Segment Reporting [Abstract] | ' | ||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||
9. OPERATING SEGMENT INFORMATION | |||||||||
Our worldwide operations involve the design and delivery of instructor-led classroom training courses and related services to business and government organizations. The training and education we offer is presented by our instructors in a virtually identical manner in every country in which we operate, regardless of whether presented in leased classroom space or external facilities, of the content of the class being taught, the language of the presentation or the printed course materials or of the location or method of distribution. We did not have sales to any one commercial customer or government agency that amounted to 10% or more of our revenues in fiscal years 2012 or 2013. | |||||||||
We conduct and manage our business globally, and our management makes financial decisions and allocates resources based on the information we receive from our internal management systems. Our reportable segments are: the United States, Canada, the United Kingdom, France, Sweden and Japan. As a measure of segment performance, our Chief Operating Decision Maker reviews revenues and gross profit for each segment. Intersegment sales were $2,372 and $4,049 in fiscal years 2012 and 2013, respectively. Summarized financial information by reportable segment for fiscal years 2012 and 2013, is as follows: | |||||||||
Fiscal Year End | |||||||||
September 28, | September 27, | ||||||||
2012 | 2013 | ||||||||
Revenues: | |||||||||
United States | $ | 64,890 | $ | 57,093 | |||||
Canada | 13,308 | 12,710 | |||||||
North America Subtotal: | 78,198 | 69,803 | |||||||
United Kingdom | 30,089 | 27,371 | |||||||
France | 11,514 | 11,107 | |||||||
Sweden | 7,069 | 6,484 | |||||||
Japan | 2,177 | 2,045 | |||||||
Total: | $ | 129,047 | $ | 116,810 | |||||
Gross profit: | |||||||||
United States | $ | 32,398 | $ | 23,102 | |||||
Canada | 7,588 | 7,515 | |||||||
North America Subtotal: | 39,986 | 30,617 | |||||||
United Kingdom | 14,423 | 12,271 | |||||||
France | 5,802 | 5,510 | |||||||
Sweden | 4,489 | 4,026 | |||||||
Japan | 1,527 | 1,376 | |||||||
Total: | $ | 66,227 | $ | 53,800 | |||||
Depreciation and amortization (included in gross profit): | |||||||||
United States | $ | 2,966 | $ | 3,695 | |||||
Canada | 261 | 330 | |||||||
North America Subtotal: | 3,227 | 4,025 | |||||||
United Kingdom | 1,068 | 1,278 | |||||||
France | 400 | 524 | |||||||
Sweden | 112 | 144 | |||||||
Japan | 15 | 70 | |||||||
Total | $ | 4,822 | $ | 6,041 | |||||
Summarized financial information by reportable segment for fiscal years 2012 and 2013 is as follows: | |||||||||
Fiscal Year Ended | |||||||||
September 28, | September 27, | ||||||||
2012 | 2013 | ||||||||
Total assets: | |||||||||
United States | $ | 43,561 | $ | 30,064 | |||||
Canada | 4,352 | 4,111 | |||||||
North America Subtotal: | 47,913 | 34,175 | |||||||
United Kingdom | 25,741 | 21,077 | |||||||
France | 7,174 | 5,831 | |||||||
Sweden | 6,127 | 6,170 | |||||||
Japan | 2,091 | 1,709 | |||||||
Total | $ | 89,046 | $ | 68,962 | |||||
Long-lived assets: | |||||||||
United States | $ | 12,774 | $ | 10,874 | |||||
Canada | 852 | 666 | |||||||
North America Subtotal: | 13,626 | 11,540 | |||||||
United Kingdom | 5,886 | 4,505 | |||||||
France | 1,332 | 1,051 | |||||||
Sweden | 386 | 279 | |||||||
Japan | 245 | 154 | |||||||
Total | $ | 21,475 | $ | 17,529 | |||||
Capital expenditures: | |||||||||
United States | $ | 4,061 | $ | 1,821 | |||||
Canada | 496 | 184 | |||||||
North America Subtotal: | 4,557 | 2,005 | |||||||
United Kingdom | 1,900 | 133 | |||||||
France | 617 | 180 | |||||||
Sweden | 289 | 41 | |||||||
Japan | 71 | 92 | |||||||
Total | $ | 7,434 | $ | 2,451 | |||||
Note_10_Deferred_Facilities_Re
Note 10 - Deferred Facilities Rent And Other | 12 Months Ended | ||||||||
Sep. 27, 2013 | |||||||||
Deferred Facilities Rent And Other [Abstract] | ' | ||||||||
Deferred Facilities Rent And Other [Text Block] | ' | ||||||||
10. DEFERRED FACILITIES RENT AND OTHER | |||||||||
The following tables show details of the following line items in our consolidated balance sheets. | |||||||||
Current Portion of Deferred Facilities Rent and Other | |||||||||
Fiscal Year Ended | |||||||||
September 28, | September 27, | ||||||||
2012 | 2013 | ||||||||
Deferred rent | $ | 851 | $ | 821 | |||||
LA lease liability | 0 | 634 | |||||||
Sublease loss accruals | 208 | 208 | |||||||
$ | 1,059 | $ | 1,663 | ||||||
Deferred Facilities Rent and Other | |||||||||
Fiscal Year Ended | |||||||||
September 28, | September 27, | ||||||||
2012 | 2013 | ||||||||
Deferred rent | $ | 5,418 | $ | 2,503 | |||||
LA lease liability | 0 | 398 | |||||||
Sublease loss accruals | 706 | 1,430 | |||||||
Other minimum lease payments | 727 | 429 | |||||||
$ | 6,851 | $ | 4,760 | ||||||
Note_11_Available_For_Sale_Sec
Note 11 - Available For Sale Securities | 12 Months Ended | ||||||||||||||||
Sep. 27, 2013 | |||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ' | ||||||||||||||||
11. AVAILABLE FOR SALE SECURITIES | |||||||||||||||||
Securities are classified consistent with how we manage, monitor, and measure them on the basis of the nature and risks of the security. The amortized cost of these securities and their respective fair values are as follows: | |||||||||||||||||
September 27, 2013: | Amortized | Gross | Gross | Fair Value | |||||||||||||
Cost Basis | Unrealized | Unrealized | |||||||||||||||
Gains | Losses | ||||||||||||||||
Commercial Paper | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||
Corporate Securities | 0 | 0 | 0 | 0 | |||||||||||||
$ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||
September 28, 2012: | Amortized | Gross | Gross | Fair Value | |||||||||||||
Cost Basis | Unrealized | Unrealized | |||||||||||||||
Gains | Losses | ||||||||||||||||
Commercial Paper | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||
Corporate Securities | 6,131 | 0 | 0 | 6,131 | |||||||||||||
$ | 6,131 | $ | 0 | $ | 0 | $ | 6,131 | ||||||||||
Proceeds from sales of available for sale securities for the year ended September 27, 2013 were $6,131, including no recognized losses. Net proceeds of available for sale securities for the year ended September 28, 2012 were $4,033, including no recognized losses. |
Note_12_Fair_Value_Measurement
Note 12 - Fair Value Measurements | 12 Months Ended | ||||||||||||
Sep. 27, 2013 | |||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||
12. FAIR VALUE MEASUREMENTS | |||||||||||||
FASB ASC 820, Fair Value Measurements and Disclosure (“FASB ASC 820”) defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. | |||||||||||||
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The fair value is measured on assumptions that market participants would use, including assumptions about non performance risk and credit risk. | |||||||||||||
FASB ASC 820 establishes a fair value hierarchy for valuation inputs and prioritizes them based on the extent to which the inputs are observable in the marketplace. Categorization is based on the lowest level of input that is available and significant to the measurement. These levels are: | |||||||||||||
Level 1—Quoted prices in active markets for identical assets and liabilities. | |||||||||||||
Level 2—Observable inputs other than quoted prices in active markets, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and market corroborated inputs. | |||||||||||||
Level 3—Unobservable inputs that reflect management’s assumptions about the estimates and risks that market participants would use in pricing the asset or liability. | |||||||||||||
Assets Measured at Fair Value on a Recurring Basis | |||||||||||||
The following table presents our assets measured at fair value on a recurring basis at September 27, 2013 and September 28, 2012: | |||||||||||||
Fiscal year ended September 27, 2013: | Quoted Prices | Significant | Significant | ||||||||||
in Active | Other | Unobservable | |||||||||||
Markets for | Observable | Inputs | |||||||||||
Identical Assets | Inputs | (Level 3) | |||||||||||
(Level 1) | (Level 2) | ||||||||||||
Commercial Paper | $ | 0 | $ | 0 | $ | 0 | |||||||
Corporate Securities | 0 | 0 | 0 | ||||||||||
$ | 0 | $ | 0 | $ | 0 | ||||||||
Fiscal year ended September 28, 2012: | Quoted Prices | Significant | Significant | ||||||||||
in Active | Other | Unobservable | |||||||||||
Markets for | Observable | Inputs | |||||||||||
Identical Assets | Inputs | (Level 3) | |||||||||||
(Level 1) | (Level 2) | ||||||||||||
Commercial Paper | $ | 0 | $ | 0 | $ | 0 | |||||||
Corporate Securities | 6,131 | 0 | 0 | ||||||||||
$ | 6,131 | $ | 0 | $ | 0 | ||||||||
The following sections describe the valuation methodologies we use to measure different financial assets at fair value. | |||||||||||||
• | Commercial Paper—Because of the readily available markets for these instruments, we use quoted prices and other relevant information generated by market transactions involving identical or comparable assets provided by our investment broker/advisor to establish fair values. | ||||||||||||
• | Corporate Securities—Because of the readily available markets for these instruments, we use quoted prices and other relevant information generated by market transactions involving identical or comparable assets provided by our investment broker/advisor, as well as our independent research, to establish fair values. | ||||||||||||
Non-Financial Liabilities Measured at Fair Value on a Nonrecurring Basis | |||||||||||||
We measure our AROs at fair value on a nonrecurring basis, when we believe there has been an indication the fair value has changed. We did not adjust the values of those liabilities during the year ended September 27, 2013. |
Note_13_Valuation_and_Qualifyi
Note 13 - Valuation and Qualifying Accounts | 12 Months Ended | ||||||||
Sep. 27, 2013 | |||||||||
Valuation And Qualifying Accounts [Abstract] | ' | ||||||||
Valuation And Qualifying Accounts [Text Block] | ' | ||||||||
13. VALUATION AND QUALIFYING ACCOUNTS | |||||||||
Activity with respect to our provision for doubtful accounts is summarized as follows: | |||||||||
September 28, | September 27, | ||||||||
2012 | 2013 | ||||||||
Beginning balance | $ | 205 | $ | 235 | |||||
Provision for doubtful accounts | 109 | 240 | |||||||
Charges against allowance | (87 | ) | (290 | ) | |||||
Other | 8 | (5 | ) | ||||||
Ending balance | $ | 235 | $ | 180 | |||||
Activity with respect to our valuation allowance for deferred tax assets is summarized as follows: | |||||||||
September 28, | September 27, | ||||||||
2012 | 2013 | ||||||||
Beginning balance | $ | 0 | $ | 6,355 | |||||
Provisions | 6,355 | 0 | |||||||
Charges against allowance | 0 | (157 | ) | ||||||
Ending balance | $ | 6,355 | $ | 6,198 | |||||
Activity with respect to our Los Angeles lease liability is summarized as follows: | |||||||||
September 28, | September 27, | ||||||||
2012 | 2013 | ||||||||
Beginning balance | $ | 0 | $ | 0 | |||||
Provisions | 0 | 1,522 | |||||||
Charges against allowance | 0 | (490 | ) | ||||||
Ending balance | $ | 0 | $ | 1,032 | |||||
Note_14_Related_Party_Transact
Note 14 - Related Party Transactions | 12 Months Ended |
Sep. 27, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
14. RELATED PARTY TRANSACTIONS | |
Dr. David C. Collins, our Chairman and Chief Executive Officer, oversees (with the concurrence of the Nominating and Governance Committee of our Board of Directors) a charitable program under which we donated $232 and $115 during fiscal years 2012 and 2013, respectively, to charitable organizations. |
Note_15_Quarterly_Data_Unaudit
Note 15 - Quarterly Data (Unaudited) | 12 Months Ended | ||||||||||||||||
Sep. 27, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Quarterly Financial Information [Text Block] | ' | ||||||||||||||||
15. QUARTERLY DATA (UNAUDITED) | |||||||||||||||||
Q1 | Q2 | Q3 | Q4 | ||||||||||||||
December 30, | March 30, | June 29, | September 28, | ||||||||||||||
2011 | 2012 | 2012 | 2012 | ||||||||||||||
Revenues | $ | 34,975 | $ | 28,942 | $ | 33,041 | $ | 32,089 | |||||||||
Cost of revenues | 15,634 | 14,558 | 15,642 | 16,986 | |||||||||||||
Gross profit | 19,341 | 14,384 | 17,399 | 15,103 | |||||||||||||
Operating expenses: | |||||||||||||||||
Course development | 2,121 | 2,070 | 2,165 | 2,398 | |||||||||||||
Sales and marketing | 7,510 | 8,360 | 9,707 | 9,477 | |||||||||||||
General and administrative | 6,889 | 7,468 | 7,652 | 7,358 | |||||||||||||
Total operating expenses | 16,520 | 17,898 | 19,524 | 19,233 | |||||||||||||
Income (loss) from operations | 2,821 | (3,514 | ) | (2,125 | ) | (4,130 | ) | ||||||||||
Other income, net | 46 | (191 | ) | 309 | (237 | ) | |||||||||||
Income (loss) before provision (benefit) for income taxes | 2,867 | (3,705 | ) | (1,816 | ) | (4,367 | ) | ||||||||||
Provision (benefit) for income taxes | 1,032 | (1,586 | ) | 4,962 | 482 | ||||||||||||
Net income (loss) | $ | 1,835 | $ | (2,119 | ) | $ | (6,778 | ) | $ | (4,849 | ) | ||||||
Income (loss) per common share - basic | $ | 0.14 | $ | (0.16 | ) | $ | (0.50 | ) | $ | (0.37 | ) | ||||||
Income (loss) per common share - diluted | $ | 0.14 | $ | (0.16 | ) | $ | (0.50 | ) | $ | (0.37 | ) | ||||||
Q1 | Q2 | Q3 | Q4 | ||||||||||||||
December 28, | March 29, | June 28, | September 27, | ||||||||||||||
2012 | 2013 | 2013 | 2013 | ||||||||||||||
Revenues | $ | 33,290 | $ | 26,933 | $ | 28,958 | $ | 27,629 | |||||||||
Cost of revenues | 16,421 | 14,859 | 16,141 | 15,589 | |||||||||||||
Gross profit | 16,869 | 12,074 | 12,817 | 12,040 | |||||||||||||
Operating expenses: | |||||||||||||||||
Course development | 2,101 | 1,930 | 1,998 | 1,812 | |||||||||||||
Sales and marketing | 7,805 | 7,312 | 6,764 | 6,735 | |||||||||||||
General and administrative | 8,327 | 6,667 | 5,043 | 5,492 | |||||||||||||
Total operating expenses | 18,233 | 15,909 | 13,805 | 14,039 | |||||||||||||
Income (loss) from operations | (1,364 | ) | (3,835 | ) | (988 | ) | (1,999 | ) | |||||||||
Other income, net | (19 | ) | 206 | 32 | (308 | ) | |||||||||||
Income (loss) before provision (benefit) for income taxes | (1,383 | ) | (3,629 | ) | (956 | ) | (2,307 | ) | |||||||||
Provision (benefit) for income taxes | 33 | 386 | 123 | (98 | ) | ||||||||||||
Net income (loss) | $ | (1,416 | ) | $ | (4,015 | ) | $ | (1,079 | ) | $ | (2,209 | ) | |||||
Income (loss) per common share - basic | $ | (0.11 | ) | $ | (0.30 | ) | $ | (0.08 | ) | $ | (0.17 | ) | |||||
Income (loss) per common share - diluted | $ | (0.11 | ) | $ | (0.30 | ) | $ | (0.08 | ) | $ | (0.17 | ) | |||||
During the third quarter of 2012 and maintained in the fourth quarter of 2012 and the entire fiscal year 2013, we established a valuation allowance against deferred tax assets in the U.S. and France due to current year and projected future pre-tax book losses. | |||||||||||||||||
In the fourth quarter of 2012, we recorded a restructuring charge of $1.3 million for a worldwide reduction in force and closure of our Los Angeles, CA office facility. |
Note_16_Restructing_Activity
Note 16 - Restructing Activity | 12 Months Ended | ||||||||||||
Sep. 27, 2013 | |||||||||||||
Restructuring and Related Activities [Abstract] | ' | ||||||||||||
Restructuring and Related Activities Disclosure [Text Block] | ' | ||||||||||||
16. RESTRUCTURING ACTIVITY | |||||||||||||
In September 2012, we announced a worldwide reduction in force involving approximately 40 employees and in the first quarter of fiscal year 2013 we closed the Los Angeles, CA office facility. The closure of the office in Los Angeles completed the move of corporate functions to the Reston, VA corporate headquarters. In fiscal 2013, we recorded a restructuring charge for the estimated liability associated with future rentals due under the property lease as of the cease use date. The fair value of the lease liability at the cease use date was determined based on the remaining cash flows for lease rentals, and minimum lease payments, reduced by estimated sublease rentals, discounted using a credit adjusted risk free rate. In addition, we incurred employee severance costs for those employees who chose not to relocate to our offices in Virginia as well as accelerated depreciation expense related to the leasehold improvement costs for the facility. The total charge recorded for these activities was $2.6 million, of which $1.3 million was recorded in fiscal 2012 with the remainder recorded in fiscal 2013. | |||||||||||||
Personnel | Facilities | Total | |||||||||||
Worldwide reduction in force | $ | 1,100 | $ | 0 | $ | 1,100 | |||||||
Accelerated depreciation leasehold improvements | 0 | 200 | 200 | ||||||||||
Balance at September 28, 2012 | 1,100 | 200 | 1,300 | ||||||||||
Additions: | |||||||||||||
Los Angeles, CA reduction in force | 200 | 0 | 200 | ||||||||||
Accelerated depreciation leasehold improvements | 0 | 400 | 400 | ||||||||||
Contractual lease payments net of estimated sublease receipts | 0 | 1,500 | 1,500 | ||||||||||
Deferred rent credits | 0 | (850 | ) | (850 | ) | ||||||||
Accretion expense | 0 | 50 | 50 | ||||||||||
200 | 1,100 | 1,300 | |||||||||||
Reductions: | |||||||||||||
Severance payouts | (1,270 | ) | 0 | (1,270 | ) | ||||||||
Accelerated depreciation leasehold improvements | 0 | (600 | ) | (600 | ) | ||||||||
Monthly rent payments | 0 | (500 | ) | (500 | ) | ||||||||
(1,270 | ) | (1,100 | ) | (2,370 | ) | ||||||||
Balance at September 27, 2013 | $ | 30 | $ | 200 | $ | 230 | |||||||
Note_17_Subsequent_Events
Note 17 - Subsequent Events | 12 Months Ended |
Sep. 27, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
17. SUBSEQUENT EVENTS | |
We have evaluated all events subsequent to the balance sheet date of September 27, 2013 and have determined there are no subsequent events that require disclosure, except as noted below. | |
In October 2013, we executed a contract with a state agency to provide training to its employees over a five year period beginning in our first quarter of fiscal year 2014. If fully executed, the contract provides for $10.5 million of revenues over the life of the contract. |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 12 Months Ended | |||
Sep. 27, 2013 | ||||
Accounting Policies [Abstract] | ' | |||
Nature Of Business [Policy Text Block] | ' | |||
a. Nature of the Business | ||||
Learning Tree International, Inc. and subsidiaries (“we,” “us,” or “our”) develop, market, and deliver a broad proprietary library of instructor-led classroom courses that are designed to meet the professional development needs of information technology (“IT”) professionals and managers worldwide. These courses are delivered primarily at our leased education centers located in the United States, the United Kingdom, Canada, France, Sweden and Japan. Such course events are also conducted in hotel and conference facilities and at customer sites throughout the world. Approximately 90% of our course titles are also available to individuals located worldwide through Learning Tree AnyWare™, our patent-pending live online learning interface that allows individuals at any location to attend a live instructor-led Learning Tree class via the Internet. Our courses provide both breadth and depth of education across a wide range of technical and management disciplines, including operating systems, databases, computer networks, computer and network security, web development, programming languages, software engineering, open source applications, project management, business skills, and leadership and professional development. | ||||
We follow a 52- or 53-week fiscal year, with our quarter-end dates on the Friday nearest the end of the calendar quarter and our year-end dates on the Friday nearest the end of September. Accordingly, our fiscal year 2012 ended on September 28, 2012, and our fiscal year 2013 ended on September 27, 2013. Thus, these consolidated financial statements report our consolidated financial position as of September 28, 2012, and September 27, 2013 and the related consolidated statements of operations and comprehensive income (loss), stockholders’ equity and cash flows for the fiscal years ended September 28, 2012 and September 27, 2013. Fiscal years 2012 and 2013 were each 52-week years. | ||||
Certain items in the consolidated financial statements have been reclassified to conform to the current presentation. | ||||
Consolidation, Policy [Policy Text Block] | ' | |||
b. Principles of Consolidation | ||||
The accompanying consolidated financial statements include the accounts of Learning Tree International, Inc. and our subsidiaries. All significant intercompany accounts and transactions have been eliminated. The following is a list of our subsidiaries: | ||||
Learning Tree International USA, Inc. (U.S.) | ||||
Learning Tree International, K.K. (Japan) | ||||
Learning Tree International Ltd. (United Kingdom) | ||||
Learning Tree International S.A. (France) | ||||
Learning Tree International AB (Sweden) | ||||
Learning Tree International Inc. (Canada) | ||||
Learning Tree International Ltd. (Hong Kong) | ||||
Advanced Technology Marketing, Inc. (U.S.) | ||||
Revenue Recognition, Policy [Policy Text Block] | ' | |||
c. Revenue Recognition and Accounts Receivable | ||||
Our revenues are received from business entities and government agencies for the professional training of their employees. Course events range in length from one to five days, and average approximately three and a half days. As stated above, we follow a 52- or 53-week fiscal year. This method is used in order to better align our external financial reporting with the way we operate our business. Since all courses have a duration of five days or less, and all courses begin and end within the same calendar week, under the 52- or 53-week fiscal year method all revenues and related direct costs for each course event are recognized in the week and the fiscal quarter in which the event takes place. | ||||
We offer our customers a multiple-course sales discount referred to as a “Learning Tree Training Passport.” A Learning Tree Training Passport allows an individual Passport holder to attend up to a specified number of Learning Tree courses over a one or two-year period for a fixed price. During fiscal year 2012, we re-introduced for a limited time the Unlimited Training Passport which allows an individual Passport holder to attend as many courses as they want, before the expiration date. For a Training Passport, the amount of revenue recognized for each attendance in a course is based upon the selling price of the Training Passport, the list price of the course taken, the weighted average list price of all courses taken and the estimated average number of courses Passport holders will actually attend. Upon expiration of each individual Training Passport, we record the difference, if any, between the revenues previously recognized and that specific Training Passport’s total invoiced price. The estimated attendance rate is based upon the historical experience of the average number of course events that Training Passport holders have been attending. The actual Training Passport attendance rate is reviewed at least semi-annually, and if the Training Passport attendance rates change, the revenue recognition rate for active Training Passports and for Training Passports sold thereafter is adjusted prospectively. | ||||
We believe it is appropriate to recognize revenues on this basis in order to most closely match revenue and related costs, as the substantial majority of our Passport holders do not attend the maximum number of course events permitted under their Training Passport. We believe that the use of recent historical data is reasonable and appropriate because of the relative stability of the average actual number of course events attended by Passport holders. | ||||
The average attendance rate for all expired Training Passports has closely approximated the estimated rate we utilize. Although we have seen no material changes in the historical rates as the number of course titles has changed, we monitor such potential effects. In general, determining the estimated average number of course events that will be attended by a Training Passport holder is based on historical trends that may not continue in the future. These estimates could differ in the near term from amounts used in arriving at the reported revenue. If the estimates are wrong, we would record the difference between the revenues previously recognized for that Training Passport and the Training Passport selling price upon expiration of that Training Passport. Thus, the timing of revenue recognition may be affected by an inaccurate estimation, but the inaccuracy would have no effect on the aggregate revenue recognized over the one- to two-year life of each Training Passport. | ||||
For newer Passport products for which historical utilization data is not available, we assume that the estimated average number of courses to be attended is equal to the number of courses available on the Passport. For the recently re-introduced Unlimited Training Passport, we utilize historical data to estimate the expected number of courses that will be attended. These assumed utilization rates may be revised in future periods after sufficient time has passed to amass additional historical trends. | ||||
In addition to our Learning Tree Training Passports, we also offer a multiple-course sales discount referred to as Learning Tree Training Vouchers. With Learning Tree Training Vouchers, a customer buys the right to send a specified number of attendees to Learning Tree courses over a six to twelve-month period for a fixed price. Revenue is recognized on a pro rata basis for each attendance. For the majority of Training Vouchers with unused seats at the expiration of the Voucher, we record the pro rata selling price of the expired unused seats as revenue. At times we make a business decision to extend a Training Voucher beyond the normal twelve month expiration date. Training Vouchers purchased under government rate schedules have no expiration date. | ||||
Trade accounts receivable are reduced by an allowance for amounts that may become uncollectible in the future. We use estimates in determining the allowance for doubtful accounts receivable, based on our analysis of various factors, including our historical collection experience, current trends, specific identification of invoices which are considered doubtful, and a percentage of our past due accounts receivable. These estimates could differ from actual collection experience and are subject to adjustment. Our trade accounts receivable are written off when they are deemed uncollectible. | ||||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' | |||
d. Stock-Based Compensation | ||||
We estimate the fair value of share-based option awards on the date of grant using an option-pricing model. We estimate the fair value of share-based restricted stock units and restricted stock grants using the closing price of our stock on the date of grant. The value of the portion of the award that is ultimately expected to vest is recognized as expense over the requisite service periods in our consolidated statements of operations and comprehensive income (loss). Our determination of fair value of share-based payment awards on the date of grant using an option-pricing model is affected by assumptions regarding a number of variables, including our expected stock price volatility, expected term, dividend yield and risk-free interest rates. | ||||
We analyzed our historical volatility to estimate the expected volatility. The risk-free interest rate assumption is based on the U.S. Treasury rate at the date of grant, which most closely resembles the expected life of our options. The estimated expected life represents the weighted-average period the stock options are expected to remain outstanding and has been determined based on the simplified method under Accounting Standards Codification (“ASC”) 718. We do not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term. | ||||
As stock-based compensation expense recognized in the consolidated statements of operations is based on awards ultimately expected to vest, it has been reduced for estimated pre-vesting forfeitures. Forfeitures were estimated based on historical experience. The estimated forfeiture rates used for fiscal years 2012 and 2013 were zero. | ||||
In Process Research and Development, Policy [Policy Text Block] | ' | |||
e. Course Development Costs | ||||
Course development costs are charged to operations in the period incurred. | ||||
Advertising Costs, Policy [Policy Text Block] | ' | |||
f. Advertising | ||||
Advertising costs are charged to expense in the period incurred. Advertising costs totaled $1,399 and $1,057 in fiscal years 2012 and 2013, respectively. | ||||
Cash and Cash Equivalents, Policy [Policy Text Block] | ' | |||
g. Cash and Cash Equivalents, Available for Sale Securities, and Interest-bearing Investments | ||||
We consider highly liquid investments with remaining maturities of ninety days or less when purchased to be cash equivalents. | ||||
We classify certain of our investments in marketable securities as “available for sale”. We do not have any investments classified as “trading” or “held-to-maturity.” Our policy is to invest cash with issuers that have high credit ratings and to limit the amount of credit exposure to any one issuer. | ||||
As of September 27, 2013, we had no available for sale securities compared to available for sale securities of $6,131 stated at fair market value, net of unrealized gains and losses as of September 28, 2012. Those available for sale securities were highly liquid investments. We may sell investments prior to their stated maturities for strategic purposes, in anticipation of credit deterioration or for duration management. These investments consisted primarily of short-term corporate bonds, and United States government agencies securities, both state taxable and tax-exempt issues. | ||||
Restricted interest-bearing investments at September 27, 2013 consisted of cash deposits of $2,725 (1,689 British Pounds) and $1,450 which were pledged as collateral to secure our obligations under leases for education center facilities located in the United Kingdom and the United States, respectively. This compares to restricted interest-bearing investments of cash deposits of $8,081 (5,000 British Pounds) and $1,450 at September 28, 2012. The United Kingdom deposits are held in trust by the landlord with interest accruing to us and paid on an annual basis. The deposit will be released to us at the earlier of the end of the lease period or when certain financial ratios have been met. In the United States, the deposit is in a restricted account held by our bank and serves as collateral for a letter of credit issued to our landlord by our bank. | ||||
Selling, General and Administrative Expenses, Policy [Policy Text Block] | ' | |||
h. Marketing Expenses | ||||
Marketing expenses primarily include the external costs associated with the design, printing, postage, list rental and handling of direct mail advertising materials to be mailed in the future. These costs are charged to expense in the month in which the advertising materials are mailed since the benefit period for such costs is short and the amount of future benefit is not practically measurable. Marketing expenses for fiscal years 2012 and 2013 were $15,627 and $13,453 respectively. | ||||
Property, Plant and Equipment, Preproduction Design and Development Costs [Policy Text Block] | ' | |||
i. Equipment, Property and Leasehold Improvements | ||||
Equipment, property and leasehold improvements are recorded at cost and depreciated or amortized using the straight-line method over the following estimated useful lives: | ||||
Education and office equipment years | 3 | to | 5 | |
Transportation equipment years | 4 | |||
Accounting software years | 7 | |||
Leasehold improvements years | 20 or the life of the lease, if shorter | |||
Building years | 30 | |||
Land, stated at cost, amounted to $1,342 during all periods presented. | ||||
Software amortization amounted to $3 and $1 in fiscal years 2012 and 2013, respectively. Total depreciation and amortization expense amounted to $4,822 and $6,041 in fiscal years 2012 and 2013, respectively. Costs of normal maintenance and repairs and minor replacements are normally charged to expense as incurred. In those instances where we have determined we are contractually obligated to incur recurring repairs and maintenance costs related to our leased facilities, a provision is made in the financial statements at the earlier of the date the expense is incurred or the date of the obligation. The costs of assets sold or retired are eliminated from the accounts along with the related accumulated depreciation or amortization, and any resulting gain or loss is included in the statements of operations and comprehensive income (loss). | ||||
The fair value of a liability for an asset retirement obligation associated with a leased facility is recorded as an asset (leasehold improvements) and a liability when there is a legal obligation associated with the retirement of a long-lived asset and the amount can be reasonably estimated. See also Note 2 relating to asset retirement obligations. | ||||
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | ' | |||
j. Long-Lived Assets | ||||
We periodically review the carrying value of our long-lived assets, such as equipment, property and leasehold improvements for impairment or whenever events or changes in circumstances indicate that the carrying value may not be recoverable. In making such evaluations, we compare the expected future cash flows to the carrying amount of the assets. If the total of the expected future cash flows is less than the carrying amount of the assets, we are required to make estimates of the fair value of the long-lived assets in order to calculate the impairment loss equal to the difference between the fair value of the assets and their book value. We make significant assumptions and estimates in this process regarding matters that are inherently uncertain, such as estimating cash flows, remaining useful lives, discount rates and growth rates. The resulting cash flows are computed over an extended period of time, which subjects those assumptions and estimates to an even larger degree of uncertainty. While we believe that our estimates are reasonable, different assumptions regarding such cash flows could materially affect the valuation of long-lived assets. | ||||
Revenue Recognition, Deferred Revenue [Policy Text Block] | ' | |||
k. Deferred Revenues | ||||
Deferred revenues primarily relate to unearned revenues associated with Training Passports, Training Vouchers and advance payments received from customers for course events to be held in the future. | ||||
Comprehensive Income, Policy [Policy Text Block] | ' | |||
l. Comprehensive Income (loss) | ||||
We report comprehensive income in the Consolidated Statements of Operations and Comprehensive Income (Loss). Other comprehensive income (loss) represents changes in stockholders’ equity from non-owner sources and is comprised of foreign currency translation adjustments and unrealized losses on available-for-sale securities, net of tax. At the end of fiscal year 2013, accumulated other comprehensive income (loss) consisted of cumulative foreign currency translation adjustments of $(139) compared to cumulative foreign currency translation adjustments of $10 in fiscal year 2012. | ||||
Income Tax, Policy [Policy Text Block] | ' | |||
m. Income Taxes | ||||
We provide for income taxes under the provisions of Financial Accounting Standards Board (“FASB”) ASC 740, Income Taxes. Deferred income taxes result from temporary differences between the tax basis of assets and liabilities and the basis reported in our consolidated financial statements. Deferred tax liabilities and assets are determined based on the difference between financial statement and tax basis of assets and liabilities using enacted rates expected to be in effect during the year in which the differences reverse. Valuation allowances are provided against assets, including net operating losses, if it is anticipated that some or the entire asset may not be realized through future taxable earnings or implementation of tax planning strategies. | ||||
The tax effects of uncertain tax positions are recognized in the financial statements only if the position is more likely than not to be sustained on audit, based on the technical merits of the position. For tax positions meeting the more likely than not threshold, the amount recognized in the consolidated financial statements is the largest benefit that has a greater than 50% likelihood of being realized. It is our accounting policy to account for ASC 740-10 related penalties and interest as a component of the income tax provision in the consolidated statements of operations and comprehensive income (loss) | ||||
Foreign Currency Transactions and Translations Policy [Policy Text Block] | ' | |||
n. Foreign Currency | ||||
We translate the financial statements of our foreign subsidiaries from the local (functional) currencies to U.S. dollars. The rates of exchange at each fiscal year end are used for translating the assets and liabilities and the average monthly rates of exchange for each year are used for the statements of operations. Gains or losses arising from the translation of the foreign subsidiaries’ financial statements are included in the accompanying consolidated balance sheets as a separate component of stockholders’ equity. Gains or losses resulting from foreign currency transactions are included in the consolidated statements of operations and comprehensive income (loss). | ||||
To date, we have not sought to hedge the risk associated with fluctuations in currency exchange rates, and therefore we continue to be subject to such risk. | ||||
Deferred Charges, Policy [Policy Text Block] | ' | |||
o. Deferred Facilities Rent | ||||
Operating Lease Activities: | ||||
We lease education center and administrative office space under various operating lease agreements. Certain lease agreements include provisions that provide for cash incentives, graduated rent payments and other inducements. We recognize rent expense on a straight-line basis over the related terms of such leases. The value of lease incentives and/or inducements, along with the excess of the rent expense recognized over the rentals paid, is recorded as deferred facilities rent in the accompanying consolidated balance sheets. | ||||
Lease Termination Activities: | ||||
We record liabilities for costs that will be incurred under a contract without economic benefit at estimated fair value. We have vacated space in leased facilities subject to operating leases and recorded the estimated liability associated with future rentals at the cease-use date. The fair value of the liability at the cease-use date was determined based on the remaining cash flows for lease rentals, and minimum lease payments, reduced by estimated sublease rentals and certain subtenant reimbursements that could be reasonably obtained for the property, discounted using a credit-adjusted risk-free rate. The liability is adjusted for changes, if any, resulting from revisions to estimated cash flows after the cease-use date, measured using the original historical credit-adjusted risk-free rate. Changes due to the passage of time are recognized as an increase in the carrying amount of the liability and as accretion expense. | ||||
In September 2012, we announced our intention to close the Los Angeles, CA office facility effective December 2012. Our lease for these facilities runs through April 2016. We recorded a restructuring charge for the estimated liability associated with future rentals due under the property lease as of the cease use date. The fair value of the lease liability at the cease use date was determined based on the remaining cash flows for lease rentals, and minimum lease payments, reduced by estimated sublease rentals, discounted using a credit adjusted risk free rate. In addition, the estimated useful life of leasehold improvements was adjusted for the December 2012 closure date. | ||||
Fair Value of Financial Instruments, Policy [Policy Text Block] | ' | |||
p. Fair Value of Financial Instruments | ||||
The carrying values of cash and cash equivalents, accounts receivable and accounts payable approximate their fair values because of the short-term nature of these instruments. Available for sale securities are carried at market value. | ||||
Use of Estimates, Policy [Policy Text Block] | ' | |||
q. Use of Estimates | ||||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make judgments, estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. | ||||
New Accounting Pronouncements, Policy [Policy Text Block] | ' | |||
r. Recently Issued Accounting Pronouncements | ||||
In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (“ASU 2013-02”), which provides guidance on disclosure requirements for items reclassified out of accumulated other comprehensive income. The standard requires entities to present (either on the face of the income statement or in the notes to the financial statements) the effects of amounts reclassified out of accumulated other comprehensive income on income statement line items. ASU 2013-02 is effective prospectively for reporting periods beginning after December 15, 2012. The adoption of this guidance will not have a material impact on our consolidated financial statements. | ||||
In July 2013, the FASB issued ASU No. 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). The standard provides that a liability related to an unrecognized tax benefit would be offset against a deferred tax asset instead of presented gross for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward if such settlement is required or expected in the event the uncertain tax position is disallowed. ASU 2013-11 is effective for fiscal years beginning after December 15, 2013, with early adoption permitted, and may be applied either retrospectively or on a prospective basis to all unrecognized tax benefits that exist at the adoption date. The adoption of this guidance will not have a material impact on our consolidated financial statements. | ||||
Other recent accounting pronouncements issued by the FASB (including the Emerging Issues Task Force), the American Institute of Certified Public Accountants and the SEC did not, or management believes will not, have a material impact on our present or future consolidated financial statements. | ||||
Fair Value Measurement, Policy [Policy Text Block] | ' | |||
FASB ASC 820, Fair Value Measurements and Disclosure (“FASB ASC 820”) defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. | ||||
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The fair value is measured on assumptions that market participants would use, including assumptions about non performance risk and credit risk. | ||||
FASB ASC 820 establishes a fair value hierarchy for valuation inputs and prioritizes them based on the extent to which the inputs are observable in the marketplace. Categorization is based on the lowest level of input that is available and significant to the measurement. These levels are: | ||||
Level 1—Quoted prices in active markets for identical assets and liabilities. | ||||
Level 2—Observable inputs other than quoted prices in active markets, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and market corroborated inputs. | ||||
Level 3—Unobservable inputs that reflect management’s assumptions about the estimates and risks that market participants would use in pricing the asset or liability. |
Note_1_Nature_of_the_Business_1
Note 1 - Nature of the Business and Summary of Significant Accounting Policies (Tables) | 12 Months Ended | |||
Sep. 27, 2013 | ||||
Accounting Policies [Abstract] | ' | |||
Property, Plant and Equipment [Table Text Block] | ' | |||
Education and office equipment years | 3 | to | 5 | |
Transportation equipment years | 4 | |||
Accounting software years | 7 | |||
Leasehold improvements years | 20 or the life of the lease, if shorter | |||
Building years | 30 |
Note_2_Asset_Retirement_Obliga1
Note 2 - Asset Retirement Obligations (Tables) | 12 Months Ended | ||||||||
Sep. 27, 2013 | |||||||||
Asset Retirement Obligation Disclosure [Abstract] | ' | ||||||||
Schedule of Change in Asset Retirement Obligation [Table Text Block] | ' | ||||||||
Fiscal Year Ended | |||||||||
September 28, | September 27, | ||||||||
2012 | 2013 | ||||||||
ARO balance, beginning of year | $ | 3,598 | $ | 3,907 | |||||
Liabilities incurred | 0 | 1,022 | |||||||
Accretion expense | 201 | 99 | |||||||
Liabilities satisfied | 0 | (29 | ) | ||||||
Settlement of ARO liability | 0 | (2,929 | ) | ||||||
Foreign currency translation | 108 | (66 | ) | ||||||
ARO balance, end of year | $ | 3,907 | $ | 2,004 |
Note_3_Income_Taxes_Tables
Note 3 - Income Taxes (Tables) | 12 Months Ended | ||||||||||||||||
Sep. 27, 2013 | |||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | ' | ||||||||||||||||
Fiscal Year Ended | |||||||||||||||||
September 28, | September 27, | ||||||||||||||||
2012 | 2013 | ||||||||||||||||
Domestic | $ | (7,208 | ) | $ | (9,581 | ) | |||||||||||
Foreign | 187 | 1,306 | |||||||||||||||
Total | $ | (7,021 | ) | $ | (8,275 | ) | |||||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||||||||||
Fiscal Year Ended | |||||||||||||||||
September | September 27, | ||||||||||||||||
28, 2012 | 2013 | ||||||||||||||||
Current tax provision (benefit): | |||||||||||||||||
U.S. Federal | $ | (2,141 | ) | $ | (201 | ) | |||||||||||
State | 227 | 253 | |||||||||||||||
Foreign | 424 | 91 | |||||||||||||||
(1,490 | ) | 143 | |||||||||||||||
Deferred tax provision: | |||||||||||||||||
U.S. Federal | 5,484 | 274 | |||||||||||||||
State | 439 | 0 | |||||||||||||||
Foreign | 457 | 27 | |||||||||||||||
6,380 | 301 | ||||||||||||||||
Provision for income taxes | $ | 4,890 | $ | 444 | |||||||||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||||||||||
Fiscal Year Ended | |||||||||||||||||
September 28, | Effective | September 27, | Effective | ||||||||||||||
2012 | Tax rate | 2013 | Tax rate | ||||||||||||||
% | % | ||||||||||||||||
Income taxes at the U.S. statutory rate | $ | (2,472 | ) | 35.2 | % | $ | (2,896 | ) | 35 | % | |||||||
Tax-exempt interest | (1 | ) | 0 | 0 | 0 | ||||||||||||
Equity compensation | 194 | (2.7 | ) | 6 | (0.1 | ) | |||||||||||
Penalties | 5 | (0.1 | ) | 6 | (0.1 | ) | |||||||||||
Other permanent differences | 339 | (4.8 | ) | 356 | (4.3 | ) | |||||||||||
Effects of foreign taxes and tax credits | (176 | ) | 2.5 | 3,149 | (38.1 | ) | |||||||||||
State income taxes | (37 | ) | 0.5 | (138 | ) | 1.7 | |||||||||||
Uncertain tax positions | 628 | (9.0 | ) | 8 | (0.1 | ) | |||||||||||
Change in valuation allowance | 6,355 | (90.5 | ) | (174 | ) | 2.1 | |||||||||||
Other | 55 | (0.8 | ) | 127 | (1.5 | ) | |||||||||||
Total provision for income taxes | $ | 4,890 | (69.7 | )% | $ | 444 | (5.4 | )% | |||||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||||||||||
Fiscal Year Ended | |||||||||||||||||
September 28, | September 27, | ||||||||||||||||
2012 | 2013 | ||||||||||||||||
Domestic operations: | |||||||||||||||||
Deferred tax assets: | |||||||||||||||||
Deferred facilities rent charges | $ | 2,325 | $ | 2,321 | |||||||||||||
Deferred revenue | 1,779 | 1,840 | |||||||||||||||
Foreign tax credit carryforwards | 132 | 157 | |||||||||||||||
Alternative minimum tax credit carryforwards | 0 | 96 | |||||||||||||||
Accrued vacation | 500 | 426 | |||||||||||||||
Equity compensation | 235 | 48 | |||||||||||||||
Depreciation and amortization | 1,945 | 1,219 | |||||||||||||||
Other | 168 | 171 | |||||||||||||||
Net operating loss | 0 | 3,341 | |||||||||||||||
Deferred tax liabilities: | |||||||||||||||||
Prepaid expenses | (372 | ) | (283 | ) | |||||||||||||
481(a) adjustments | (582 | ) | (230 | ) | |||||||||||||
Undistributed earnings of foreign subsidiaries | 0 | (3,371 | ) | ||||||||||||||
Domestic net deferred tax assets | 6,130 | 5,735 | |||||||||||||||
Foreign operations: | |||||||||||||||||
Deferred tax assets: | |||||||||||||||||
Deferred benefits for uncertain positions | 39 | 0 | |||||||||||||||
Depreciation and other | 1,101 | 903 | |||||||||||||||
Deferred tax liabilities: | |||||||||||||||||
Depreciation and other | (360 | ) | (258 | ) | |||||||||||||
Foreign net deferred tax assets | 780 | 645 | |||||||||||||||
Domestic and foreign deferred tax assets | 6,910 | 6,380 | |||||||||||||||
Valuation allowances | (6,355 | ) | (6,198 | ) | |||||||||||||
Net deferred tax assets | $ | 555 | $ | 182 | |||||||||||||
Schedule of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns Roll Forward [Table Text Block] | ' | ||||||||||||||||
Fiscal Year Ended | |||||||||||||||||
September 28, | September 27, | ||||||||||||||||
2012 | 2013 | ||||||||||||||||
Balance, beginning of year | $ | 1,159 | $ | 566 | |||||||||||||
Increases related to tax positions taken during a prior period | 0 | 0 | |||||||||||||||
Decreases related to tax positions taken during a prior period | 0 | 0 | |||||||||||||||
Increases related to tax positions taken during the current period | 0 | 183 | |||||||||||||||
Decreases related to settlements with taxing authorities | (229 | ) | 0 | ||||||||||||||
Decreases related to expiration of the statute of limitations | (364 | ) | (186 | ) | |||||||||||||
Balance end of year | $ | 566 | $ | 563 |
Note_4_Commitments_And_Conting1
Note 4 - Commitments And Contingencies (Tables) | 12 Months Ended | ||||||||||||
Sep. 27, 2013 | |||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||||||
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block] | ' | ||||||||||||
Fiscal Year Ending | Minimum | Less | Net Lease | ||||||||||
Lease | Sublease | Commitments | |||||||||||
Payments | Proceeds | ||||||||||||
2014 | $ | 10,300 | $ | 46 | $ | 10,254 | |||||||
2015 | 9,674 | 112 | 9,562 | ||||||||||
2016 | 8,997 | 46 | 8,951 | ||||||||||
2017 | 6,490 | 0 | 6,490 | ||||||||||
2018 | 4,048 | 0 | 4,048 | ||||||||||
Thereafter | 14,647 | 0 | 14,647 | ||||||||||
$ | 54,156 | $ | 204 | $ | 53,952 |
Note_6_StockBased_Compensation1
Note 6 - Stock-Based Compensation (Tables) | 12 Months Ended | ||||||||||||||||
Sep. 27, 2013 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||
Options | Shares | Weighted- | Weighted- | Aggregate | |||||||||||||
Average | Average | Intrinsic | |||||||||||||||
Exercise | Remaining Contractual | Value | |||||||||||||||
Price | Term | ||||||||||||||||
Outstanding at September 30, 2011 | 155,000 | $ | 13.62 | 1.2 | $ | 0 | |||||||||||
Options granted | 0 | $ | 0 | ||||||||||||||
Options exercised | 0 | $ | 0 | ||||||||||||||
Options forfeited, expired and unearned | (131,000 | ) | $ | 12.83 | |||||||||||||
Outstanding at September 28, 2012 | 24,000 | $ | 17.97 | 0.2 | $ | 0 | |||||||||||
Options granted | 0 | $ | 0 | ||||||||||||||
Options exercised | 0 | $ | 0 | ||||||||||||||
Options forfeited, expired and unearned | (24,000 | ) | $ | 17.97 | |||||||||||||
Outstanding at September 27, 2013 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||
Vested and expected to vest at September 27, 2013 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||
Exercisable at September 27, 2013 | 0 | $ | 0 | 0 | $ | 0 | |||||||||||
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] | ' | ||||||||||||||||
Restricted Stock | Weighted Average | ||||||||||||||||
Units | Grant Date Fair | ||||||||||||||||
Value | |||||||||||||||||
Nonvested at September 30, 2011 | 102,473 | $ | 10.73 | ||||||||||||||
Granted | 120,285 | $ | 6.31 | ||||||||||||||
Vested | (40,228 | ) | $ | 10.7 | |||||||||||||
Forfeited | (79,581 | ) | $ | 7.77 | |||||||||||||
Nonvested at September 28, 2012 | 102,949 | $ | 7.86 | ||||||||||||||
Granted | 54,685 | $ | 5.49 | ||||||||||||||
Vested | (45,858 | ) | $ | 8.56 | |||||||||||||
Forfeited | (102,334 | ) | $ | 6.33 | |||||||||||||
Nonvested at September 27, 2013 | 9,442 | $ | 7.29 |
Note_8_Loss_Per_Share_Tables
Note 8 - Loss Per Share (Tables) | 12 Months Ended | ||||||||
Sep. 27, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||
Fiscal Year Ended | |||||||||
September 28, | September 27, | ||||||||
2012 | 2013 | ||||||||
Numerator: | |||||||||
Net loss | $ | (11,911 | ) | $ | (8,719 | ) | |||
Denominator: | |||||||||
Weighted-average shares outstanding - basic | 13,392 | 13,210 | |||||||
Dilutive effect of stock options, restricted stock and restricted stock units | - | - | |||||||
Weighted-average shares outstanding - diluted | 13,392 | 13,210 | |||||||
Income Per Share: | |||||||||
Loss per common share - basic | $ | (0.89 | ) | $ | (0.66 | ) | |||
Loss per common share - diluted | $ | (0.89 | ) | $ | (0.66 | ) |
Note_9_Operating_Segment_Infor1
Note 9 - Operating Segment Information (Tables) | 12 Months Ended | ||||||||
Sep. 27, 2013 | |||||||||
Segment Reporting [Abstract] | ' | ||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||
Fiscal Year End | |||||||||
September 28, | September 27, | ||||||||
2012 | 2013 | ||||||||
Revenues: | |||||||||
United States | $ | 64,890 | $ | 57,093 | |||||
Canada | 13,308 | 12,710 | |||||||
North America Subtotal: | 78,198 | 69,803 | |||||||
United Kingdom | 30,089 | 27,371 | |||||||
France | 11,514 | 11,107 | |||||||
Sweden | 7,069 | 6,484 | |||||||
Japan | 2,177 | 2,045 | |||||||
Total: | $ | 129,047 | $ | 116,810 | |||||
Gross profit: | |||||||||
United States | $ | 32,398 | $ | 23,102 | |||||
Canada | 7,588 | 7,515 | |||||||
North America Subtotal: | 39,986 | 30,617 | |||||||
United Kingdom | 14,423 | 12,271 | |||||||
France | 5,802 | 5,510 | |||||||
Sweden | 4,489 | 4,026 | |||||||
Japan | 1,527 | 1,376 | |||||||
Total: | $ | 66,227 | $ | 53,800 | |||||
Depreciation and amortization (included in gross profit): | |||||||||
United States | $ | 2,966 | $ | 3,695 | |||||
Canada | 261 | 330 | |||||||
North America Subtotal: | 3,227 | 4,025 | |||||||
United Kingdom | 1,068 | 1,278 | |||||||
France | 400 | 524 | |||||||
Sweden | 112 | 144 | |||||||
Japan | 15 | 70 | |||||||
Total | $ | 4,822 | $ | 6,041 | |||||
Fiscal Year Ended | |||||||||
September 28, | September 27, | ||||||||
2012 | 2013 | ||||||||
Total assets: | |||||||||
United States | $ | 43,561 | $ | 30,064 | |||||
Canada | 4,352 | 4,111 | |||||||
North America Subtotal: | 47,913 | 34,175 | |||||||
United Kingdom | 25,741 | 21,077 | |||||||
France | 7,174 | 5,831 | |||||||
Sweden | 6,127 | 6,170 | |||||||
Japan | 2,091 | 1,709 | |||||||
Total | $ | 89,046 | $ | 68,962 | |||||
Long-lived assets: | |||||||||
United States | $ | 12,774 | $ | 10,874 | |||||
Canada | 852 | 666 | |||||||
North America Subtotal: | 13,626 | 11,540 | |||||||
United Kingdom | 5,886 | 4,505 | |||||||
France | 1,332 | 1,051 | |||||||
Sweden | 386 | 279 | |||||||
Japan | 245 | 154 | |||||||
Total | $ | 21,475 | $ | 17,529 | |||||
Capital expenditures: | |||||||||
United States | $ | 4,061 | $ | 1,821 | |||||
Canada | 496 | 184 | |||||||
North America Subtotal: | 4,557 | 2,005 | |||||||
United Kingdom | 1,900 | 133 | |||||||
France | 617 | 180 | |||||||
Sweden | 289 | 41 | |||||||
Japan | 71 | 92 | |||||||
Total | $ | 7,434 | $ | 2,451 |
Note_10_Deferred_Facilities_Re1
Note 10 - Deferred Facilities Rent And Other (Tables) | 12 Months Ended | ||||||||
Sep. 27, 2013 | |||||||||
Deferred Facilities Rent And Other [Abstract] | ' | ||||||||
Schedule of Current Portion of Deferred Facilities Rent and Other [Table Text Block] | ' | ||||||||
Fiscal Year Ended | |||||||||
September 28, | September 27, | ||||||||
2012 | 2013 | ||||||||
Deferred rent | $ | 851 | $ | 821 | |||||
LA lease liability | 0 | 634 | |||||||
Sublease loss accruals | 208 | 208 | |||||||
$ | 1,059 | $ | 1,663 | ||||||
Schedule of Long Term Portion of Deferred Facilities Rent and Other [Table Text Block] | ' | ||||||||
Fiscal Year Ended | |||||||||
September 28, | September 27, | ||||||||
2012 | 2013 | ||||||||
Deferred rent | $ | 5,418 | $ | 2,503 | |||||
LA lease liability | 0 | 398 | |||||||
Sublease loss accruals | 706 | 1,430 | |||||||
Other minimum lease payments | 727 | 429 | |||||||
$ | 6,851 | $ | 4,760 |
Note_11_Available_For_Sale_Sec1
Note 11 - Available For Sale Securities (Tables) | 12 Months Ended | ||||||||||||||||
Sep. 27, 2013 | |||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | ' | ||||||||||||||||
September 27, 2013: | Amortized | Gross | Gross | Fair Value | |||||||||||||
Cost Basis | Unrealized | Unrealized | |||||||||||||||
Gains | Losses | ||||||||||||||||
Commercial Paper | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||
Corporate Securities | 0 | 0 | 0 | 0 | |||||||||||||
$ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||
September 28, 2012: | Amortized | Gross | Gross | Fair Value | |||||||||||||
Cost Basis | Unrealized | Unrealized | |||||||||||||||
Gains | Losses | ||||||||||||||||
Commercial Paper | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||
Corporate Securities | 6,131 | 0 | 0 | 6,131 | |||||||||||||
$ | 6,131 | $ | 0 | $ | 0 | $ | 6,131 |
Note_12_Fair_Value_Measurement1
Note 12 - Fair Value Measurements (Tables) | 12 Months Ended | ||||||||||||
Sep. 27, 2013 | |||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||
Fiscal year ended September 27, 2013: | Quoted Prices | Significant | Significant | ||||||||||
in Active | Other | Unobservable | |||||||||||
Markets for | Observable | Inputs | |||||||||||
Identical Assets | Inputs | (Level 3) | |||||||||||
(Level 1) | (Level 2) | ||||||||||||
Commercial Paper | $ | 0 | $ | 0 | $ | 0 | |||||||
Corporate Securities | 0 | 0 | 0 | ||||||||||
$ | 0 | $ | 0 | $ | 0 | ||||||||
Fiscal year ended September 28, 2012: | Quoted Prices | Significant | Significant | ||||||||||
in Active | Other | Unobservable | |||||||||||
Markets for | Observable | Inputs | |||||||||||
Identical Assets | Inputs | (Level 3) | |||||||||||
(Level 1) | (Level 2) | ||||||||||||
Commercial Paper | $ | 0 | $ | 0 | $ | 0 | |||||||
Corporate Securities | 6,131 | 0 | 0 | ||||||||||
$ | 6,131 | $ | 0 | $ | 0 |
Note_13_Valuation_and_Qualifyi1
Note 13 - Valuation and Qualifying Accounts (Tables) | 12 Months Ended | ||||||||
Sep. 27, 2013 | |||||||||
Valuation And Qualifying Accounts [Abstract] | ' | ||||||||
Schedule Of Activity With Respect To Our Provision For Doubtful Accounts [Table Text Block] | ' | ||||||||
September 28, | September 27, | ||||||||
2012 | 2013 | ||||||||
Beginning balance | $ | 205 | $ | 235 | |||||
Provision for doubtful accounts | 109 | 240 | |||||||
Charges against allowance | (87 | ) | (290 | ) | |||||
Other | 8 | (5 | ) | ||||||
Ending balance | $ | 235 | $ | 180 | |||||
Summary of Valuation Allowance [Table Text Block] | ' | ||||||||
September 28, | September 27, | ||||||||
2012 | 2013 | ||||||||
Beginning balance | $ | 0 | $ | 6,355 | |||||
Provisions | 6,355 | 0 | |||||||
Charges against allowance | 0 | (157 | ) | ||||||
Ending balance | $ | 6,355 | $ | 6,198 | |||||
Summary of Lease Liability [Table Text Block] | ' | ||||||||
September 28, | September 27, | ||||||||
2012 | 2013 | ||||||||
Beginning balance | $ | 0 | $ | 0 | |||||
Provisions | 0 | 1,522 | |||||||
Charges against allowance | 0 | (490 | ) | ||||||
Ending balance | $ | 0 | $ | 1,032 |
Note_15_Quarterly_Data_Unaudit1
Note 15 - Quarterly Data (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||
Sep. 27, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of Quarterly Financial Information [Table Text Block] | ' | ||||||||||||||||
Q1 | Q2 | Q3 | Q4 | ||||||||||||||
December 30, | March 30, | June 29, | September 28, | ||||||||||||||
2011 | 2012 | 2012 | 2012 | ||||||||||||||
Revenues | $ | 34,975 | $ | 28,942 | $ | 33,041 | $ | 32,089 | |||||||||
Cost of revenues | 15,634 | 14,558 | 15,642 | 16,986 | |||||||||||||
Gross profit | 19,341 | 14,384 | 17,399 | 15,103 | |||||||||||||
Operating expenses: | |||||||||||||||||
Course development | 2,121 | 2,070 | 2,165 | 2,398 | |||||||||||||
Sales and marketing | 7,510 | 8,360 | 9,707 | 9,477 | |||||||||||||
General and administrative | 6,889 | 7,468 | 7,652 | 7,358 | |||||||||||||
Total operating expenses | 16,520 | 17,898 | 19,524 | 19,233 | |||||||||||||
Income (loss) from operations | 2,821 | (3,514 | ) | (2,125 | ) | (4,130 | ) | ||||||||||
Other income, net | 46 | (191 | ) | 309 | (237 | ) | |||||||||||
Income (loss) before provision (benefit) for income taxes | 2,867 | (3,705 | ) | (1,816 | ) | (4,367 | ) | ||||||||||
Provision (benefit) for income taxes | 1,032 | (1,586 | ) | 4,962 | 482 | ||||||||||||
Net income (loss) | $ | 1,835 | $ | (2,119 | ) | $ | (6,778 | ) | $ | (4,849 | ) | ||||||
Income (loss) per common share - basic | $ | 0.14 | $ | (0.16 | ) | $ | (0.50 | ) | $ | (0.37 | ) | ||||||
Income (loss) per common share - diluted | $ | 0.14 | $ | (0.16 | ) | $ | (0.50 | ) | $ | (0.37 | ) | ||||||
Q1 | Q2 | Q3 | Q4 | ||||||||||||||
December 28, | March 29, | June 28, | September 27, | ||||||||||||||
2012 | 2013 | 2013 | 2013 | ||||||||||||||
Revenues | $ | 33,290 | $ | 26,933 | $ | 28,958 | $ | 27,629 | |||||||||
Cost of revenues | 16,421 | 14,859 | 16,141 | 15,589 | |||||||||||||
Gross profit | 16,869 | 12,074 | 12,817 | 12,040 | |||||||||||||
Operating expenses: | |||||||||||||||||
Course development | 2,101 | 1,930 | 1,998 | 1,812 | |||||||||||||
Sales and marketing | 7,805 | 7,312 | 6,764 | 6,735 | |||||||||||||
General and administrative | 8,327 | 6,667 | 5,043 | 5,492 | |||||||||||||
Total operating expenses | 18,233 | 15,909 | 13,805 | 14,039 | |||||||||||||
Income (loss) from operations | (1,364 | ) | (3,835 | ) | (988 | ) | (1,999 | ) | |||||||||
Other income, net | (19 | ) | 206 | 32 | (308 | ) | |||||||||||
Income (loss) before provision (benefit) for income taxes | (1,383 | ) | (3,629 | ) | (956 | ) | (2,307 | ) | |||||||||
Provision (benefit) for income taxes | 33 | 386 | 123 | (98 | ) | ||||||||||||
Net income (loss) | $ | (1,416 | ) | $ | (4,015 | ) | $ | (1,079 | ) | $ | (2,209 | ) | |||||
Income (loss) per common share - basic | $ | (0.11 | ) | $ | (0.30 | ) | $ | (0.08 | ) | $ | (0.17 | ) | |||||
Income (loss) per common share - diluted | $ | (0.11 | ) | $ | (0.30 | ) | $ | (0.08 | ) | $ | (0.17 | ) |
Note_16_Restructing_Activity_T
Note 16 - Restructing Activity (Tables) | 12 Months Ended | ||||||||||||
Sep. 27, 2013 | |||||||||||||
Restructuring and Related Activities [Abstract] | ' | ||||||||||||
Restructuring and Related Costs [Table Text Block] | ' | ||||||||||||
Personnel | Facilities | Total | |||||||||||
Worldwide reduction in force | $ | 1,100 | $ | 0 | $ | 1,100 | |||||||
Accelerated depreciation leasehold improvements | 0 | 200 | 200 | ||||||||||
Balance at September 28, 2012 | 1,100 | 200 | 1,300 | ||||||||||
Additions: | |||||||||||||
Los Angeles, CA reduction in force | 200 | 0 | 200 | ||||||||||
Accelerated depreciation leasehold improvements | 0 | 400 | 400 | ||||||||||
Contractual lease payments net of estimated sublease receipts | 0 | 1,500 | 1,500 | ||||||||||
Deferred rent credits | 0 | (850 | ) | (850 | ) | ||||||||
Accretion expense | 0 | 50 | 50 | ||||||||||
200 | 1,100 | 1,300 | |||||||||||
Reductions: | |||||||||||||
Severance payouts | (1,270 | ) | 0 | (1,270 | ) | ||||||||
Accelerated depreciation leasehold improvements | 0 | (600 | ) | (600 | ) | ||||||||
Monthly rent payments | 0 | (500 | ) | (500 | ) | ||||||||
(1,270 | ) | (1,100 | ) | (2,370 | ) | ||||||||
Balance at September 27, 2013 | $ | 30 | $ | 200 | $ | 230 |
Note_1_Nature_of_the_Business_2
Note 1 - Nature of the Business and Summary of Significant Accounting Policies (Details) | 12 Months Ended | |||||
Sep. 27, 2013 | Sep. 28, 2012 | Sep. 27, 2013 | Sep. 27, 2013 | Sep. 28, 2012 | Sep. 28, 2012 | |
USD ($) | USD ($) | Interest-bearing Deposits [Member] | Interest-bearing Deposits [Member] | Interest-bearing Deposits [Member] | Interest-bearing Deposits [Member] | |
USD ($) | GBP (£) | USD ($) | GBP (£) | |||
Note 1 - Nature of the Business and Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Percentage Of Course Titles Offered To Individuals Through Online Learning Platform | 90.00% | ' | ' | ' | ' | ' |
Advertising Expense (in Dollars) | $1,057,000 | $1,399,000 | ' | ' | ' | ' |
Available-for-sale Securities (in Dollars) | 0 | 6,131,000 | ' | ' | ' | ' |
Restricted Cash and Cash Equivalents (in Dollars) | ' | ' | 2,725,000 | 1,689,000 | 8,081,000 | 5,000,000 |
Restricted Cash and Cash Equivalents (in Pounds) | ' | ' | 2,725,000 | 1,689,000 | 8,081,000 | 5,000,000 |
Restricted Cash And Cash Equivalents Pledged As Collateral (in Dollars) | ' | ' | 1,450,000 | ' | 1,450,000 | ' |
Marketing Expense (in Dollars) | 13,453,000 | 15,627,000 | ' | ' | ' | ' |
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land (in Dollars) | 1,342,000 | ' | ' | ' | ' | ' |
Amortization of Intangible Assets (in Dollars) | 1,000 | 3,000 | ' | ' | ' | ' |
Depreciation, Depletion and Amortization (in Dollars) | 6,041,000 | 4,822,000 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax (in Dollars) | ($139,000) | $10,000 | ' | ' | ' | ' |
Note_1_Nature_of_the_Business_3
Note 1 - Nature of the Business and Summary of Significant Accounting Policies (Details) - Equipment Property and Leasehold Improvements Estimated Useful Life | 12 Months Ended |
Dec. 31, 2013 | |
Education and Office Equipment [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life | '3 years |
Education and Office Equipment [Member] | Maximum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life | '5 years |
Transportation Equipment [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life | '4 years |
Accounting Software [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life | '7 years |
Leasehold Improvements [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life | '20 years |
Building [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful life | '30 years |
Note_2_Asset_Retirement_Obliga2
Note 2 - Asset Retirement Obligations (Details) - Asset Retirement Obligations Liabilities Activity (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 27, 2013 | Sep. 28, 2012 |
Asset Retirement Obligations Liabilities Activity [Abstract] | ' | ' |
ARO Balance | $3,907 | $3,598 |
Liabilities incurred | 1,022 | 0 |
Accretion expense | 99 | 201 |
Liabilities satisfied | -29 | 0 |
Settlement of ARO liability | -2,929 | 0 |
Foreign currency translation | -66 | 108 |
ARO Balance | $2,004 | $3,907 |
Note_3_Income_Taxes_Details
Note 3 - Income Taxes (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 27, 2013 | Sep. 28, 2012 |
Note 3 - Income Taxes (Details) [Line Items] | ' | ' |
Deferred Tax Assets, Net | $182 | $555 |
Deferred Tax Assets, Tax Credit Carryforwards, Foreign | 157 | ' |
Recognized Expense Attributable To Interest For Uncertain Tax Positions | 49 | ' |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | 792 | ' |
Unrecognized Tax Benefits, Period Increase (Decrease) | 183 | ' |
Deferred Tax Liabilities, Undistributed Foreign Earnings | 3,371 | ' |
Undistributed Earnings of Foreign Subsidiaries | 10,100 | ' |
Foreign Withholding Taxes | 25 | ' |
Release of Uncertain Tax Positions [Member] | ' | ' |
Note 3 - Income Taxes (Details) [Line Items] | ' | ' |
Unrecognized Tax Benefits, Interest on Income Taxes Accrued | 593 | 616 |
Domestic Tax Authority [Member] | ' | ' |
Note 3 - Income Taxes (Details) [Line Items] | ' | ' |
Operating Loss Carryforwards | $9,100 | ' |
Note_3_Income_Taxes_Details_In
Note 3 - Income Taxes (Details) - Income (Loss) Before Provision For Income Taxes (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 28, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 27, 2013 | Sep. 28, 2012 |
Income (Loss) Before Provision For Income Taxes [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Domestic | ' | ' | ' | ' | ' | ' | ' | ' | ($9,581) | ($7,208) |
Foreign | ' | ' | ' | ' | ' | ' | ' | ' | 1,306 | 187 |
Total | ($2,307) | ($956) | ($3,629) | ($1,383) | ($4,367) | ($1,816) | ($3,705) | $2,867 | ($8,275) | ($7,021) |
Note_3_Income_Taxes_Details_Co
Note 3 - Income Taxes (Details) - Components of Provision (Benefit) For Income Taxes (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 28, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 27, 2013 | Sep. 28, 2012 |
Current tax provision (benefit): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
U.S. Federal | ' | ' | ' | ' | ' | ' | ' | ' | ($201) | ($2,141) |
State | ' | ' | ' | ' | ' | ' | ' | ' | 253 | 227 |
Foreign | ' | ' | ' | ' | ' | ' | ' | ' | 91 | 424 |
' | ' | ' | ' | ' | ' | ' | ' | 143 | -1,490 | |
Deferred tax provision: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
U.S. Federal | ' | ' | ' | ' | ' | ' | ' | ' | 274 | 5,484 |
State | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 439 |
Foreign | ' | ' | ' | ' | ' | ' | ' | ' | 27 | 457 |
' | ' | ' | ' | ' | ' | ' | ' | 301 | 6,380 | |
Provision for income taxes | ($98) | $123 | $386 | $33 | $482 | $4,962 | ($1,586) | $1,032 | $444 | $4,890 |
Note_3_Income_Taxes_Details_Re
Note 3 - Income Taxes (Details) - Reconciliation of The Provision For Income Taxes (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 28, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 27, 2013 | Sep. 28, 2012 |
Reconciliation of The Provision For Income Taxes [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income taxes at the U.S. statutory rate (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ($2,896) | ($2,472) |
Income taxes at the U.S. statutory rate | ' | ' | ' | ' | ' | ' | ' | ' | 35.00% | 35.20% |
Tax-exempt interest (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -1 |
Tax-exempt interest | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | 0.00% |
Equity compensation (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | 6 | 194 |
Equity compensation | ' | ' | ' | ' | ' | ' | ' | ' | -0.10% | -2.70% |
Penalties (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | 6 | 5 |
Penalties | ' | ' | ' | ' | ' | ' | ' | ' | -0.10% | -0.10% |
Other permanent differences (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | 356 | 339 |
Other permanent differences | ' | ' | ' | ' | ' | ' | ' | ' | -4.30% | -4.80% |
Effects of foreign taxes and tax credits (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | 3,149 | -176 |
Effects of foreign taxes and tax credits | ' | ' | ' | ' | ' | ' | ' | ' | -38.10% | 2.50% |
State income taxes (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | -138 | -37 |
State income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 1.70% | 0.50% |
Uncertain tax positions (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | 8 | 628 |
Uncertain tax positions | ' | ' | ' | ' | ' | ' | ' | ' | -0.10% | -9.00% |
Change in valuation allowance (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | -174 | 6,355 |
Change in valuation allowance | ' | ' | ' | ' | ' | ' | ' | ' | 2.10% | -90.50% |
Other (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | 127 | 55 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | -1.50% | -0.80% |
Total provision for income taxes (in Dollars) | ($98) | $123 | $386 | $33 | $482 | $4,962 | ($1,586) | $1,032 | $444 | $4,890 |
Total provision for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -5.40% | -69.70% |
Note_3_Income_Taxes_Details_De
Note 3 - Income Taxes (Details) - Deferred Income Tax Assets And Liabilities (USD $) | Sep. 27, 2013 | Sep. 28, 2012 |
In Thousands, unless otherwise specified | ||
Note 3 - Income Taxes (Details) - Deferred Income Tax Assets And Liabilities [Line Items] | ' | ' |
Foreign tax credit carryforwards | $157 | ' |
Undistributed earnings of foreign subsidiaries | -3,371 | ' |
Deferred tax assets | 6,380 | 6,910 |
Valuation allowances | -6,198 | -6,355 |
Net deferred tax assets | 182 | 555 |
Domestic [Member] | ' | ' |
Note 3 - Income Taxes (Details) - Deferred Income Tax Assets And Liabilities [Line Items] | ' | ' |
Deferred facilities rent charges | 2,321 | 2,325 |
Deferred revenue | 1,840 | 1,779 |
Foreign tax credit carryforwards | 157 | 132 |
Alternative minimum tax credit carryforwards | 96 | 0 |
Accrued vacation | 426 | 500 |
Equity compensation | 48 | 235 |
Depreciation and amortization | 1,219 | 1,945 |
Other | 171 | 168 |
Net operating loss | 3,341 | 0 |
Prepaid expenses | -283 | -372 |
481(a) adjustments | -230 | -582 |
Undistributed earnings of foreign subsidiaries | -3,371 | 0 |
Deferred tax assets | 5,735 | 6,130 |
Foreign Country [Member] | ' | ' |
Note 3 - Income Taxes (Details) - Deferred Income Tax Assets And Liabilities [Line Items] | ' | ' |
Deferred benefits for uncertain positions | 0 | 39 |
Depreciation and other | 903 | 1,101 |
Depreciation and other | -258 | -360 |
Deferred tax assets | $645 | $780 |
Note_3_Income_Taxes_Details_Ag
Note 3 - Income Taxes (Details) - Aggregate Change in The Balance of Gross Unrecognized Tax Benefits (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 27, 2013 | Sep. 28, 2012 |
Aggregate Change in The Balance of Gross Unrecognized Tax Benefits [Abstract] | ' | ' |
Balance, beginning of year | $566 | $1,159 |
Balance end of year | 563 | 566 |
Increases related to tax positions taken during a prior period | 0 | 0 |
Decreases related to tax positions taken during a prior period | 0 | 0 |
Increases related to tax positions taken during the current period | 183 | 0 |
Decreases related to settlements with taxing authorities | 0 | -229 |
Decreases related to expiration of the statute of limitations | ($186) | ($364) |
Note_4_Commitments_And_Conting2
Note 4 - Commitments And Contingencies (Details) | 12 Months Ended | |||
Sep. 27, 2013 | Sep. 27, 2013 | Sep. 28, 2012 | Sep. 27, 2013 | |
USD ($) | GBP (£) | USD ($) | Original Rent Amount [Member] | |
GBP (£) | ||||
Note 4 - Commitments And Contingencies (Details) [Line Items] | ' | ' | ' | ' |
Operating Leases, Rent Expense, Minimum Rentals | $10,072,000 | ' | $11,955,000 | ' |
Operating Leases, Rent Expense, Sublease Rentals | 387,000 | ' | 2,274,000 | ' |
Aggregate Annual Minimum Rent of Leases (in Pounds) | 2,300,000 | 1,400,000 | ' | 2,850,000 |
Aggregate Annual Minimum Rent of Leases | 2,300,000 | 1,400,000 | ' | 2,850,000 |
Annual Minimum Sublease Rentals (in Pounds) | ' | ' | ' | 1,500,000 |
Aggregate Annual Minimum Rent of Leases, Net of Sublease Rentals (in Pounds) | ' | ' | ' | 1,350,000 |
Lease Surrender Value (in Pounds) | 3,200,000 | 2,000,000 | ' | ' |
Lease Surrender Value | 3,200,000 | 2,000,000 | ' | ' |
Increase (Decrease) in Asset Retirement Obligations (in Pounds) | -2,958,000 | -1,900,000 | 0 | ' |
Increase (Decrease) in Asset Retirement Obligations | -2,958,000 | -1,900,000 | 0 | ' |
Escrow Deposit (in Pounds) | 8,100,000 | 5,000,000 | ' | ' |
Escrow Deposit | 8,100,000 | 5,000,000 | ' | ' |
Security Deposit (in Pounds) | 2,700,000 | 1,700,000 | ' | ' |
Security Deposit | 2,700,000 | 1,700,000 | ' | ' |
Operating Leases, Rent Expense (in Pounds) | 100,000 | 100,000 | ' | ' |
Operating Leases, Rent Expense | $100,000 | £ 100,000 | ' | ' |
Note_4_Commitments_And_Conting3
Note 4 - Commitments And Contingencies (Details) - Future Minimum Lease Payments (USD $) | Sep. 27, 2013 |
In Thousands, unless otherwise specified | |
Future Minimum Lease Payments [Abstract] | ' |
2014 | $10,300 |
2014 | 46 |
2014 | 10,254 |
2015 | 9,674 |
2015 | 112 |
2015 | 9,562 |
2016 | 8,997 |
2016 | 46 |
2016 | 8,951 |
2017 | 6,490 |
2017 | 0 |
2017 | 6,490 |
2018 | 4,048 |
2018 | 0 |
2018 | 4,048 |
Thereafter | 14,647 |
Thereafter | 0 |
Thereafter | 14,647 |
54,156 | |
204 | |
$53,952 |
Note_5_Stockholders_Equity_Det
Note 5 - Stockholders' Equity (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 27, 2013 | Sep. 28, 2012 |
Stockholders' Equity Note [Abstract] | ' | ' |
Stock Repurchased During Period, Shares | 0 | 336,000 |
Payments for Repurchase of Common Stock (in Dollars) | $0 | $1,678 |
Note_6_StockBased_Compensation2
Note 6 - Stock-Based Compensation (Details) (USD $) | 12 Months Ended | ||||||||||||
In Thousands, except Share data, unless otherwise specified | Sep. 27, 2013 | Sep. 28, 2012 | Sep. 30, 2011 | Sep. 27, 2013 | Sep. 28, 2012 | Sep. 27, 2013 | Sep. 28, 2012 | Sep. 27, 2013 | Sep. 28, 2012 | Sep. 27, 2013 | Sep. 28, 2012 | Sep. 27, 2013 | Jan. 27, 2007 |
Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | 2007 Equity Incentive Plan [Member] | 2007 Equity Incentive Plan [Member] | ||||
2007 Equity Incentive Plan [Member] | 2007 Equity Incentive Plan [Member] | ||||||||||||
Note 6 - Stock-Based Compensation (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | ' | ' | ' | ' | ' | ' | '3 years | ' | ' | ' | ' | '3 years | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | '0 years | '73 days | '1 year 73 days | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allocated Share-based Compensation Expense (in Dollars) | ' | ' | ' | ' | ' | $69 | $201 | ' | ' | $0 | $21 | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Options Estimated Forfeiture Rate | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $35 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | ' | ' | ' | 0 | 0 | ' | ' | 54,685 | 120,285 | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Note_6_StockBased_Compensation3
Note 6 - Stock-Based Compensation (Details) - Option Activity (USD $) | 12 Months Ended | ||
Sep. 27, 2013 | Sep. 28, 2012 | Sep. 30, 2011 | |
Option Activity [Abstract] | ' | ' | ' |
Outstanding Shares | 24,000 | ' | 155,000 |
Outstanding, Weighted Average Exercise Price (in Dollars per share) | $17.97 | ' | $13.62 |
Outstanding, Weighted Average Remaining Contractual Term | '0 years | '73 days | '1 year 73 days |
Outstanding, Aggregate Intrinsic Value (in Dollars) | $0 | ' | $0 |
Vested and expected to vest at September 27, 2013 | 0 | ' | ' |
Vested and expected to vest at September 27, 2013 (in Dollars per share) | $0 | ' | ' |
Vested and expected to vest at September 27, 2013 | '0 years | ' | ' |
Vested and expected to vest at September 27, 2013 (in Dollars) | 0 | ' | ' |
Exercisable at September 27, 2013 | 0 | ' | ' |
Exercisable at September 27, 2013 (in Dollars per share) | $0 | ' | ' |
Exercisable at September 27, 2013 | '0 years | ' | ' |
Exercisable at September 27, 2013 (in Dollars) | 0 | ' | ' |
Options Granted, Shares | 0 | 0 | ' |
Options Granted Weighted Average Exercise Price (in Dollars per share) | $0 | $0 | ' |
Options Exercised | 0 | 0 | ' |
Options Exercised, Weighted Average Exercise (in Dollars per share) | $0 | $0 | ' |
Options Forfeited, Expired and Unearned | -24,000 | -131,000 | ' |
Options Forfeited, Expired and Unearned Weighted Average Price | 17.97 | 12.83 | ' |
Outstanding Shares | 0 | 24,000 | ' |
Outstanding, Weighted Average Exercise Price (in Dollars per share) | $0 | $17.97 | ' |
Outstanding, Aggregate Intrinsic Value (in Dollars) | $0 | $0 | ' |
Note_6_StockBased_Compensation4
Note 6 - Stock-Based Compensation (Details) - Restricted Stock And RSU Activity (Restricted Stock Units (RSUs) [Member], USD $) | 12 Months Ended | |
Sep. 27, 2013 | Sep. 28, 2012 | |
Restricted Stock Units (RSUs) [Member] | ' | ' |
Note 6 - Stock-Based Compensation (Details) - Restricted Stock And RSU Activity [Line Items] | ' | ' |
Nonvested | 102,949 | 102,473 |
Weighted Average Grant Date Fair Value (in Dollars per share) | $7.86 | $10.73 |
Granted | 54,685 | 120,285 |
Weighted Average Grant Date Fair Value, Granted (in Dollars per share) | $5.49 | $6.31 |
Vested | -45,858 | -40,228 |
Weighted Average Grant Date Fair Value, Vested (in Dollars per share) | $8.56 | $10.70 |
Cancelled and Forfeited | -102,334 | -79,581 |
Weighted Average Grant Date Fair Value, Cancelled and Forfeited (in Dollars per share) | $6.33 | $7.77 |
Nonvested | 9,442 | 102,949 |
Weighted Average Grant Date Fair Value (in Dollars per share) | $7.29 | $7.86 |
Note_7_Employee_Benefit_Plans_
Note 7 - Employee Benefit Plans (Details) (The Learning Tree International 401(k) Plan [Member], USD $) | 1 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Oct. 31, 2010 | Apr. 30, 2009 | Sep. 27, 2013 | Sep. 28, 2012 |
The Learning Tree International 401(k) Plan [Member] | ' | ' | ' | ' |
Note 7 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' |
DefinedContributionPlanEmployerContributionAsPercentageOfEmployeeContribution | 30.00% | 50.00% | ' | ' |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 6.00% | 2.00% | ' | ' |
Defined Benefit Plan, Contributions by Employer (in Dollars) | ' | ' | $324 | $287 |
Defined Contribution Plan, Cost Recognized (in Dollars) | ' | ' | $591 | $637 |
Note_8_Loss_Per_Share_Details
Note 8 - Loss Per Share (Details) | 12 Months Ended | |
Sep. 27, 2013 | Sep. 28, 2012 | |
Earnings Per Share [Abstract] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 24,058 |
Note_8_Loss_Per_Share_Details_
Note 8 - Loss Per Share (Details) - Basic and Diluted Earnings Per Share (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, except Share data, unless otherwise specified | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 28, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 27, 2013 | Sep. 28, 2012 |
Numerator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss (in Dollars) | ($2,209) | ($1,079) | ($4,015) | ($1,416) | ($4,849) | ($6,778) | ($2,119) | $1,835 | ($8,719) | ($11,911) |
Denominator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted-average shares outstanding - basic | ' | ' | ' | ' | ' | ' | ' | ' | 13,210 | 13,392 |
Dilutive effect of stock options, restricted stock and restricted stock units | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 |
Weighted-average shares outstanding - diluted | ' | ' | ' | ' | ' | ' | ' | ' | 13,210 | 13,392 |
Income Per Share: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss per common share - basic (in Dollars per share) | ($0.17) | ($0.08) | ($0.30) | ($0.11) | ($0.37) | ($0.50) | ($0.16) | $0.14 | ($0.66) | ($0.89) |
Loss per common share - diluted (in Dollars per share) | ($0.17) | ($0.08) | ($0.30) | ($0.11) | ($0.37) | ($0.50) | ($0.16) | $0.14 | ($0.66) | ($0.89) |
Note_9_Operating_Segment_Infor2
Note 9 - Operating Segment Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 28, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 27, 2013 | Sep. 28, 2012 |
Note 9 - Operating Segment Information (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | $27,629 | $28,958 | $26,933 | $33,290 | $32,089 | $33,041 | $28,942 | $34,975 | $116,810 | $129,047 |
Intersegment Sales [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 9 - Operating Segment Information (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | $4,049 | $2,372 |
Note_9_Operating_Segment_Infor3
Note 9 - Operating Segment Information (Details) - Financial Information by Reportable Segment (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 28, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 27, 2013 | Sep. 28, 2012 |
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | $27,629 | $28,958 | $26,933 | $33,290 | $32,089 | $33,041 | $28,942 | $34,975 | $116,810 | $129,047 |
Gross profit: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross profit | 12,040 | 12,817 | 12,074 | 16,869 | 15,103 | 17,399 | 14,384 | 19,341 | 53,800 | 66,227 |
Depreciation and amortization (included in gross profit): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation and Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 6,041 | 4,822 |
Total assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 68,962 | ' | ' | ' | 89,046 | ' | ' | ' | 68,962 | 89,046 |
Long-lived assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-lived Assets | 17,529 | ' | ' | ' | 21,475 | ' | ' | ' | 17,529 | 21,475 |
Capital expenditures: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 2,451 | 7,434 |
United States [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 57,093 | 64,890 |
Gross profit: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 23,102 | 32,398 |
Depreciation and amortization (included in gross profit): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation and Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 3,695 | 2,966 |
Total assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 30,064 | ' | ' | ' | 43,561 | ' | ' | ' | 30,064 | 43,561 |
Long-lived assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-lived Assets | 10,874 | ' | ' | ' | 12,774 | ' | ' | ' | 10,874 | 12,774 |
Capital expenditures: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 1,821 | 4,061 |
Canada [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 12,710 | 13,308 |
Gross profit: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 7,515 | 7,588 |
Depreciation and amortization (included in gross profit): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation and Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 330 | 261 |
Total assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 4,111 | ' | ' | ' | 4,352 | ' | ' | ' | 4,111 | 4,352 |
Long-lived assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-lived Assets | 666 | ' | ' | ' | 852 | ' | ' | ' | 666 | 852 |
Capital expenditures: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 184 | 496 |
North America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 69,803 | 78,198 |
Gross profit: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 30,617 | 39,986 |
Depreciation and amortization (included in gross profit): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation and Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 4,025 | 3,227 |
Total assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 34,175 | ' | ' | ' | 47,913 | ' | ' | ' | 34,175 | 47,913 |
Long-lived assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-lived Assets | 11,540 | ' | ' | ' | 13,626 | ' | ' | ' | 11,540 | 13,626 |
Capital expenditures: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 2,005 | 4,557 |
United Kingdom [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 27,371 | 30,089 |
Gross profit: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 12,271 | 14,423 |
Depreciation and amortization (included in gross profit): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation and Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 1,278 | 1,068 |
Total assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 21,077 | ' | ' | ' | 25,741 | ' | ' | ' | 21,077 | 25,741 |
Long-lived assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-lived Assets | 4,505 | ' | ' | ' | 5,886 | ' | ' | ' | 4,505 | 5,886 |
Capital expenditures: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 133 | 1,900 |
France [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 11,107 | 11,514 |
Gross profit: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 5,510 | 5,802 |
Depreciation and amortization (included in gross profit): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation and Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 524 | 400 |
Total assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 5,831 | ' | ' | ' | 7,174 | ' | ' | ' | 5,831 | 7,174 |
Long-lived assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-lived Assets | 1,051 | ' | ' | ' | 1,332 | ' | ' | ' | 1,051 | 1,332 |
Capital expenditures: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 180 | 617 |
Sweden [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 6,484 | 7,069 |
Gross profit: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 4,026 | 4,489 |
Depreciation and amortization (included in gross profit): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation and Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 144 | 112 |
Total assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 6,170 | ' | ' | ' | 6,127 | ' | ' | ' | 6,170 | 6,127 |
Long-lived assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-lived Assets | 279 | ' | ' | ' | 386 | ' | ' | ' | 279 | 386 |
Capital expenditures: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 41 | 289 |
Japan [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 2,045 | 2,177 |
Gross profit: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 1,376 | 1,527 |
Depreciation and amortization (included in gross profit): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation and Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 70 | 15 |
Total assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 1,709 | ' | ' | ' | 2,091 | ' | ' | ' | 1,709 | 2,091 |
Long-lived assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-lived Assets | 154 | ' | ' | ' | 245 | ' | ' | ' | 154 | 245 |
Capital expenditures: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Expenditures | ' | ' | ' | ' | ' | ' | ' | ' | $92 | $71 |
Note_10_Deferred_Facilities_Re2
Note 10 - Deferred Facilities Rent And Other (Details) - Current Portion of Deferred Facilities Rent and Other (USD $) | Sep. 27, 2013 | Sep. 28, 2012 |
In Thousands, unless otherwise specified | ||
Current Portion of Deferred Facilities Rent and Other [Abstract] | ' | ' |
Deferred rent | $821 | $851 |
LA lease liability | 634 | 0 |
Sublease loss accruals | 208 | 208 |
$1,663 | $1,059 |
Note_10_Deferred_Facilities_Re3
Note 10 - Deferred Facilities Rent And Other (Details) - Deferred Facilities Rent and Other (USD $) | Sep. 27, 2013 | Sep. 28, 2012 |
In Thousands, unless otherwise specified | ||
Deferred Facilities Rent and Other [Abstract] | ' | ' |
Deferred rent | $2,503 | $5,418 |
LA lease liability | 398 | 0 |
Sublease loss accruals | 1,430 | 706 |
Other minimum lease payments | 429 | 727 |
$4,760 | $6,851 |
Note_11_Available_For_Sale_Sec2
Note 11 - Available For Sale Securities (Details) (USD $) | 12 Months Ended | |
Sep. 27, 2013 | Sep. 28, 2012 | |
Investments, Debt and Equity Securities [Abstract] | ' | ' |
Proceeds from Sale and Maturity of Available-for-sale Securities | $6,131,000 | $4,033,000 |
Available-for-sale Securities, Gross Realized Gain (Loss) | $0 | $0 |
Note_11_Available_For_Sale_Sec3
Note 11 - Available For Sale Securities (Details) - Amortized Cost of Securities and Their Fair Values (USD $) | 12 Months Ended | |
Sep. 27, 2013 | Sep. 28, 2012 | |
Note 11 - Available For Sale Securities (Details) - Amortized Cost of Securities and Their Fair Values [Line Items] | ' | ' |
Amortized Cost Basis | $0 | $6,131,000 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 0 | 0 |
Fair Value | 0 | 6,131,000 |
Commerical Paper [Member] | ' | ' |
Note 11 - Available For Sale Securities (Details) - Amortized Cost of Securities and Their Fair Values [Line Items] | ' | ' |
Amortized Cost Basis | 0 | 0 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 0 | 0 |
Fair Value | 0 | 0 |
Corporate Securities [Member] | ' | ' |
Note 11 - Available For Sale Securities (Details) - Amortized Cost of Securities and Their Fair Values [Line Items] | ' | ' |
Amortized Cost Basis | 0 | 6,131,000 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 0 | 0 |
Fair Value | $0 | $6,131,000 |
Note_12_Fair_Value_Measurement2
Note 12 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis (USD $) | Sep. 27, 2013 | Sep. 28, 2012 |
In Thousands, unless otherwise specified | ||
Commerical Paper [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 12 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Assets measured at fair value on a recurring basis | $0 | $0 |
Commerical Paper [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 12 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Assets measured at fair value on a recurring basis | 0 | 0 |
Commerical Paper [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 12 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Assets measured at fair value on a recurring basis | 0 | 0 |
Corporate Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 12 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Assets measured at fair value on a recurring basis | 0 | 6,131 |
Corporate Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 12 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Assets measured at fair value on a recurring basis | 0 | 0 |
Corporate Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 12 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Assets measured at fair value on a recurring basis | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 12 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Assets measured at fair value on a recurring basis | 0 | 6,131 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 12 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Assets measured at fair value on a recurring basis | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 12 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Assets measured at fair value on a recurring basis | $0 | $0 |
Note_13_Valuation_and_Qualifyi2
Note 13 - Valuation and Qualifying Accounts (Details) - Provision For Doubtful Accounts Activity (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 27, 2013 | Sep. 28, 2012 |
Note 13 - Valuation and Qualifying Accounts (Details) - Provision For Doubtful Accounts Activity [Line Items] | ' | ' |
Provision for doubtful accounts | $240 | $109 |
Allowance for Doubtful Accounts [Member] | ' | ' |
Note 13 - Valuation and Qualifying Accounts (Details) - Provision For Doubtful Accounts Activity [Line Items] | ' | ' |
Beginning balance | 235 | 205 |
Provision for doubtful accounts | 240 | 109 |
Charges against allowance | -290 | -87 |
Other | -5 | 8 |
Ending balance | $180 | $235 |
Note_13_Valuation_and_Qualifyi3
Note 13 - Valuation and Qualifying Accounts (Details) - Valuation Allowance For Deferred Tax Assets Activity (Valuation Allowance of Deferred Tax Assets [Member], USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 27, 2013 | Sep. 28, 2012 |
Valuation Allowance of Deferred Tax Assets [Member] | ' | ' |
Valuation Allowance [Line Items] | ' | ' |
Beginning balance | $6,355 | $0 |
Provisions | 0 | 6,355 |
Charges against allowance | -157 | 0 |
Ending balance | $6,198 | $6,355 |
Note_13_Valuation_and_Qualifyi4
Note 13 - Valuation and Qualifying Accounts (Details) - Los Angeles Lease Liability (Los Angeles Lease Liability [Member], USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 27, 2013 | Sep. 28, 2012 |
Los Angeles Lease Liability [Member] | ' | ' |
Note 13 - Valuation and Qualifying Accounts (Details) - Los Angeles Lease Liability [Line Items] | ' | ' |
Beginning balance | $0 | $0 |
Provisions | 1,522 | 0 |
Charges against allowance | -490 | 0 |
Ending balance | $1,032 | $0 |
Note_14_Related_Party_Transact1
Note 14 - Related Party Transactions (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 27, 2013 | Sep. 28, 2012 |
Related Party Transactions [Abstract] | ' | ' |
Charitable Donations Monetary | $115 | $232 |
Note_15_Quarterly_Data_Unaudit2
Note 15 - Quarterly Data (Unaudited) (Details) (USD $) | 3 Months Ended | 12 Months Ended | 24 Months Ended | |
In Thousands, unless otherwise specified | Sep. 28, 2012 | Sep. 27, 2013 | Sep. 28, 2012 | Sep. 27, 2013 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' |
Restructuring Charges | $1,300 | $1,300 | $1,300 | $2,600 |
Note_15_Quarterly_Data_Unaudit3
Note 15 - Quarterly Data (Unaudited) (Details) - Quarterly Data (Unaudited) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 28, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 27, 2013 | Sep. 28, 2012 |
Quarterly Data (Unaudited) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | $27,629 | $28,958 | $26,933 | $33,290 | $32,089 | $33,041 | $28,942 | $34,975 | $116,810 | $129,047 |
Cost of revenues | 15,589 | 16,141 | 14,859 | 16,421 | 16,986 | 15,642 | 14,558 | 15,634 | 63,010 | 62,820 |
Gross profit | 12,040 | 12,817 | 12,074 | 16,869 | 15,103 | 17,399 | 14,384 | 19,341 | 53,800 | 66,227 |
Operating expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Course development | 1,812 | 1,998 | 1,930 | 2,101 | 2,398 | 2,165 | 2,070 | 2,121 | 7,841 | 8,754 |
Sales and marketing | 6,735 | 6,764 | 7,312 | 7,805 | 9,477 | 9,707 | 8,360 | 7,510 | 28,616 | 35,054 |
General and administrative | 5,492 | 5,043 | 6,667 | 8,327 | 7,358 | 7,652 | 7,468 | 6,889 | 25,529 | 29,367 |
Total operating expenses | 14,039 | 13,805 | 15,909 | 18,233 | 19,233 | 19,524 | 17,898 | 16,520 | 61,986 | 73,175 |
Income (loss) from operations | -1,999 | -988 | -3,835 | -1,364 | -4,130 | -2,125 | -3,514 | 2,821 | -8,186 | -6,948 |
Other income, net | -308 | 32 | 206 | -19 | -237 | 309 | -191 | 46 | -89 | -73 |
Income (loss) before provision (benefit) for income taxes | -2,307 | -956 | -3,629 | -1,383 | -4,367 | -1,816 | -3,705 | 2,867 | -8,275 | -7,021 |
Provision (benefit) for income taxes | -98 | 123 | 386 | 33 | 482 | 4,962 | -1,586 | 1,032 | 444 | 4,890 |
Net income (loss) | ($2,209) | ($1,079) | ($4,015) | ($1,416) | ($4,849) | ($6,778) | ($2,119) | $1,835 | ($8,719) | ($11,911) |
Income (loss) per common share - basic (in Dollars per share) | ($0.17) | ($0.08) | ($0.30) | ($0.11) | ($0.37) | ($0.50) | ($0.16) | $0.14 | ($0.66) | ($0.89) |
Income (loss) per common share - diluted (in Dollars per share) | ($0.17) | ($0.08) | ($0.30) | ($0.11) | ($0.37) | ($0.50) | ($0.16) | $0.14 | ($0.66) | ($0.89) |
Note_16_Restructing_Activity_D
Note 16 - Restructing Activity (Details) (USD $) | 3 Months Ended | 12 Months Ended | 24 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2012 | Sep. 28, 2012 | Sep. 27, 2013 | Sep. 28, 2012 | Sep. 27, 2013 |
Restructuring and Related Activities [Abstract] | ' | ' | ' | ' | ' |
Restructuring and Related Cost, Number of Positions Eliminated | 40 | ' | ' | ' | ' |
Restructuring Charges | ' | $1,300 | $1,300 | $1,300 | $2,600 |
Note_16_Restructing_Activity_D1
Note 16 - Restructing Activity (Details) - Restructuring Activity (USD $) | 3 Months Ended | 12 Months Ended | 24 Months Ended | |
In Thousands, unless otherwise specified | Sep. 28, 2012 | Sep. 27, 2013 | Sep. 28, 2012 | Sep. 27, 2013 |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Reserve | $1,300 | $230 | $1,300 | $230 |
Restructuring Charges | 1,300 | 1,300 | 1,300 | 2,600 |
Restructuring Payments | ' | -2,370 | ' | ' |
Reduction In Force [Member] | Employee Severance [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Reserve | 1,100 | ' | 1,100 | ' |
Restructuring Charges | ' | 200 | ' | ' |
Restructuring Payments | ' | -1,270 | ' | ' |
Reduction In Force [Member] | Facility Closing [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Reserve | 0 | ' | 0 | ' |
Restructuring Charges | ' | 0 | ' | ' |
Restructuring Payments | ' | 0 | ' | ' |
Reduction In Force [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Reserve | 1,100 | ' | 1,100 | ' |
Restructuring Charges | ' | 200 | ' | ' |
Restructuring Payments | ' | -1,270 | ' | ' |
Accelerated Depreciation Leasehold Improvements [Member] | Employee Severance [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Reserve | 0 | ' | 0 | ' |
Restructuring Charges | ' | 0 | ' | ' |
Restructuring Payments | ' | 0 | ' | ' |
Accelerated Depreciation Leasehold Improvements [Member] | Facility Closing [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Reserve | 200 | ' | 200 | ' |
Restructuring Charges | ' | 400 | ' | ' |
Restructuring Payments | ' | -600 | ' | ' |
Accelerated Depreciation Leasehold Improvements [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Reserve | 200 | ' | 200 | ' |
Restructuring Charges | ' | 400 | ' | ' |
Restructuring Payments | ' | -600 | ' | ' |
Contractual Lease Payments [Member] | Employee Severance [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Charges | ' | 0 | ' | ' |
Contractual Lease Payments [Member] | Facility Closing [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Charges | ' | 1,500 | ' | ' |
Contractual Lease Payments [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Charges | ' | 1,500 | ' | ' |
Deferred Rent Credits [Member] | Employee Severance [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Charges | ' | 0 | ' | ' |
Deferred Rent Credits [Member] | Facility Closing [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Charges | ' | -850 | ' | ' |
Deferred Rent Credits [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Charges | ' | -850 | ' | ' |
Accretion Expense [Member] | Employee Severance [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Charges | ' | 0 | ' | ' |
Accretion Expense [Member] | Facility Closing [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Charges | ' | 50 | ' | ' |
Accretion Expense [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Charges | ' | 50 | ' | ' |
Monthly Rent Payments [Member] | Employee Severance [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Payments | ' | 0 | ' | ' |
Monthly Rent Payments [Member] | Facility Closing [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Payments | ' | -500 | ' | ' |
Monthly Rent Payments [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Payments | ' | -500 | ' | ' |
Employee Severance [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Reserve | 1,100 | 30 | 1,100 | 30 |
Restructuring Charges | ' | 200 | ' | ' |
Restructuring Payments | ' | -1,270 | ' | ' |
Facility Closing [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring Reserve | 200 | 200 | 200 | 200 |
Restructuring Charges | ' | 1,100 | ' | ' |
Restructuring Payments | ' | ($1,100) | ' | ' |
Note_17_Subsequent_Events_Deta
Note 17 - Subsequent Events (Details) (Subsequent Event [Member], Scenario, Forecast [Member], USD $) | 1 Months Ended |
In Millions, unless otherwise specified | Oct. 31, 2013 |
Subsequent Event [Member] | Scenario, Forecast [Member] | ' |
Note 17 - Subsequent Events (Details) [Line Items] | ' |
Contracts Revenue | $10.50 |