Learning Tree International (LTRE) 10-Q 8 Feb 18 2018 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Dec. 29, 2017	Feb. 01, 2018
Document Information [Line Items]
Entity Registrant Name	LEARNING TREE INTERNATIONAL, INC.
Entity Central Index Key	1,002,037
Trading Symbol	ltre
Current Fiscal Year End Date	--09-28
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		13,224,349
Document Type	10-Q
Document Period End Date	Dec. 29, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 29, 2017	Sep. 29, 2017
Total assets:
Cash and cash equivalents	$ 5,142	$ 5,080
Trade accounts receivable, net	9,118	9,725
Income tax receivable	205	129
Prepaid expenses	1,664	1,399
Lease deposits	0	1,174
Other current assets	1,761	1,333
Total current assets	17,890	18,840
Education and office equipment	29,467	29,288
Transportation equipment	44	44
Property and leasehold improvements	8,094	8,107
	37,605	37,439
Less: accumulated depreciation and amortization	(33,234)	(32,909)
	4,371	4,530
Restricted interest-bearing investments	1,480	1,477
Deferred income taxes	615	505
Other assets	864	911
Total assets	25,220	26,263
Current Liabilities:
Trade accounts payable	6,383	6,245
Deferred revenues	17,053	18,383
Accrued payroll, benefits and related taxes	2,167	2,207
Other accrued liabilities	680	743
Income taxes payable	116	54
Current portion of deferred facilities rent and loan payable	1,687	1,560
Total current liabilities	28,086	29,192
Loan payable	433	365
Asset retirement obligations	908	1,143
Deferred income taxes	55	118
Deferred facilities rent and other	5,212	5,415
Noncurrent tax liabilities	1,881	1,852
Total liabilities	36,575	38,085
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIT
Preferred stock, $.0001 par value; 1,000,000 shares authorized; 0 shares issued and outstanding	0	0
Common stock, $.0001 par value; 75,000,000 shares authorized; 13,224,349 shares issued and outstanding	1	1
Additional paid-in capital	6,511	6,487
Accumulated other comprehensive loss	(789)	(877)
Accumulated deficit	(17,078)	(17,433)
Total stockholders' deficit	(11,355)	(11,822)
Total liabilities and stockholders' deficit	$ 25,220	$ 26,263

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Dec. 29, 2017	Sep. 29, 2017
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	13,224,349	13,224,349
Common stock, shares outstanding (in shares)	13,224,349	13,224,349

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 29, 2017	Dec. 30, 2016
Revenues	$ 17,196	$ 18,552
Cost of revenues	9,096	10,588
Gross profit	8,100	7,964
Operating expenses:
Course development	707	769
Sales and marketing	3,248	3,577
General and administrative	3,562	4,122
Restructuring charge	264	0
Operating expenses	7,781	8,468
Income (loss) from operations	319	(504)
Other income (expense):
Interest (expense) income, net	(9)	15
Foreign exchange (loss) gains	(19)	192
Other, net	1	(6)
	(27)	201
Income (loss) from operations before provision for income taxes	292	(303)
(Benefit) provision for income taxes	(63)	76
Net income (loss)	$ 355	$ (379)
Income (loss) per share basic and diluted:
Basic and diluted income (loss) per share (in dollars per share)	$ 0.03	$ (0.03)
Weighted average shares - basic (in shares)	13,224	13,224
Weighted average shares - diluted (in shares)	13,441	13,224
Comprehensive income (loss):
Net income (loss)	$ 355	$ (379)
Foreign currency translation adjustments	88	(427)
Comprehensive income (loss)	$ 443	$ (806)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Dec. 29, 2017	Dec. 30, 2016
Cash flows - operating activities
Net income (loss)	$ 355	$ (379)
Adjustments to reconcile net income (loss) from operations to net cash provided by (used in) operating activities:
Depreciation and amortization	337	436
Share-based compensation	24	41
Deferred income taxes	(182)	(7)
Provision for doubtful accounts	36	144
Accretion on asset retirement obligations	13	16
Restructuring charge	264	0
Loss on disposal of equipment, property and leasehold improvements	0	71
Unrealized foreign exchange gains	(11)	(411)
Settlement of asset retirement obligation	(254)	0
Changes in operating assets and liabilities:
Trade accounts receivable	572	1,998
Prepaid expenses and other assets	534	(589)
Income tax receivable / payable	32	4
Trade accounts payable	137	(493)
Deferred revenues	(1,330)	(1,970)
Deferred facilities rent and other	(100)	25
Other accrued liabilities	(370)	11
Net cash provided by (used in) operating activities	57	(1,103)
Cash flows - investing activities:
Purchases of equipment, property and leasehold improvements	(5)	(5)
Net cash used in investing activities	(5)	(5)
Cash flows - financing activities:
Payments on capital lease	(29)	0
Payments on long term debt	(55)	0
Net cash used in financing activities	(84)	0
Effects of exchange rate changes on cash and cash equivalents	94	(213)
Net increase (decrease) in cash and cash equivalents	62	(1,321)
Cash and cash equivalents at the beginning of the period	5,080	8,540
Cash and cash equivalents at the end of the period	5,142	7,219
Supplemental non-cash disclosures:
Non-cash loan payable	166	0
Leasehold Improvements [Member]
Supplemental non-cash disclosures:
Non-cash leasehold improvements	$ 166	$ 0

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Dec. 29, 2017
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	NOTE 1 —BASIS OF PRESENTATION The accompanying unaudited interim condensed consolidated financial statements of Learning Tree International, Inc. and our subsidiaries (collectively, “Learning Tree,” “Company,” “we,” “our” or “us”) have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10 The financial statements have been prepared assuming that the Company will continue as a going concern, but due to the Company ’s future liquidity needs, history of net annual losses, and negative cash flows from operations, there is substantial doubt about the Company’s ability to continue as a going concern as more fully described in our Annual Report on Form 10 September 29, 2017. 10 September 29, 2017. As of and for the first 2018, December 29, 2017, $17.1 first three 2018, five December 29, 2017, $5.1 We experienced a 1.8% first 2018 first 2017, $17.2 first 2018 $18.6 first 2017 14.1% 8.1% first 2018, first 2017. $0.3 first 2018 $0.5 first To further address our liquidity needs in the near term, on January 12, 2017, a Financing and Security Agreement (the “Financing Agreement”) with Action Capital Corporation (“Action Capital”), which provides the Company with access to borrowings up to a maximum aggregate principal amount of $3.0 85% not may, 12 We are also continuing to evaluate additional sources of capital and financing and other strategic alternatives. There is no The stabilization of revenues and reduction in cost of revenues and operating expenses are integral to our goal of achieving a break-even operating income line and positive cash flow from operations. We cannot provide assurances that our plans will not not ’s future liquidity needs, history of net losses, and negative cash flows from operations, there is substantial doubt about the Company’s ability to continue as a going concern. The unaudited interim condensed consolidated financial statements do not We use the 52/53 first December 29, 2017 13 first December 30, 2016 13 In the opinion of management, the accompanying unaudited interim condensed consolidated financial statements reflect all adjustments, that are only of a normal recurring nature, considered necessary to present fairly our financial position as of December 29, 2017, three December 29, 2017 December 30, 2016, three December 29, 2017 December 30, 2016.

Note 2 - Stock-based Compensati

Note 2 - Stock-based Compensation	3 Months Ended
	Dec. 29, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 2 —STOCK-BASED COMPENSATION Stock-based compensation expense related to grants of employee stock options was less than $0.1 three December 29, 2017 December 30, 2016,

Note 3 - Asset Retirement Oblig

Note 3 - Asset Retirement Obligations	3 Months Ended
	Dec. 29, 2017
Notes to Financial Statements
Asset Retirement Obligation Disclosure [Text Block]	NOTE 3 —ASSET RETIREMENT OBLIGATIONS The following table presents the activity for the asset retirement obligations (“ARO”) liabilities, which are primarily related to the restoration of classroom facilities in our Learning Tree Education Centers: Three months ended December 29, 201 7 September 29, 201 7 ARO balance, beginning of period $ 1,143 $ 1,369 Accretion expense 13 66 Settlement of ARO liability (254 ) (310 ) Foreign currency translation 6 18 ARO balance, end of period $ 908 $ 1,143

Note 4 - Earnings (Loss) Per Sh

Note 4 - Earnings (Loss) Per Share	3 Months Ended
	Dec. 29, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 4 —EARNINGS (LOSS) PER SHARE Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the reporting period. Diluted earnings (loss) per share is computed similarly to basic earnings (loss) per share except that the weighted average shares outstanding are increased to include common stock equivalents, to the extent their effect is dilutive. Approximately 433,000 850,000 three December 29, 2017 December 30, 2016, Three months ended December 29, 201 7 December 30, 201 6 Numerator: Net income (loss) $ 355 $ (379 ) Denominator: Weighted average shares outstanding Basic 13,224 13,224 Effect of dilutive securities 217 0 Diluted 13,441 $ 13,224 Income (loss) per common share - basic and diluted: Basic and diluted income (loss) per share $ 0.03 $ (0.03 )

Note 5 - Income Taxes

Note 5 - Income Taxes	3 Months Ended
	Dec. 29, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 5 —INCOME TAXES Our income tax benefit in our first 2018 $0.1 0.1 first 2017. 2018 2017 2017 first 2012 first 2018, Tax Cuts and Jobs Act On December 22, 2017, 2017 “2017 2017 ’s ability to utilize accumulated net operating losses, (iii) allows us to obtain a refund of our minimum tax credit carryforward, (iv) requires a one Pursuant to U.S. GAAP, changes in tax rates and tax laws are accounted for in the period of enactment, and the resulting effects are recorded as discrete components of the income tax provision related to continuing operations in the same period. The changes in the tax law have been accounted for in our income tax provision for the first 2018. 2017 one 965 no

Note 6 - Commitments and Contin

Note 6 - Commitments and Contingencies	3 Months Ended
	Dec. 29, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 6 —COMMITMENTS AND CONTINGENCIES Contingencies Currently, and from time to time, we are involved in litigation incidental to the conduct of our business. We are not

Note 7 - Segment Reporting

Note 7 - Segment Reporting	3 Months Ended
	Dec. 29, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 7 —SEGMENT REPORTING Our worldwide operations involve the design and delivery of instructor-led classroom training courses and related services to multinational companies and government entities. The training and education we offer is presented in a similar manner in every country in which we operate. Our instructors present our courses in a virtually identical fashion worldwide, regardless of whether presented in leased classroom space or external facilities, the content of the class being taught or the location or method of distribution. No one 10% three months periods ended December 29, 2017 December 30, 2016. We conduct and manage our business globally and have reportable segments that operate in five Summarized financial information by country for the three December 29, 2017 December 30, 2016 Three months ended Decmber 29 , Decmber 30 , 201 7 201 6 Revenues: United States $ 9,751 $ 10,700 Canada 1,825 1,911 North America 11,576 12,611 United Kingdom 4,117 4,306 Sweden 947 1,025 Japan 556 610 Total $ 17,196 $ 18,552 Gross profit: United States $ 4,547 $ 4,648 Canada 925 794 North America 5,472 5,442 United Kingdom 1,690 1,486 Sweden 551 596 Japan 387 440 Total $ 8,100 $ 7,964 Decmber 29 , Decmber 30 , 201 7 201 6 Total assets: United States 11,749 12,987 Canada 2,351 3,184 North America 14,100 16,171 United Kingdom 7,396 7,559 Sweden 2,170 2,527 Japan 1,554 1,363 Total $ 25,220 $ 27,620

Note 8 - Fair Value Measurement

Note 8 - Fair Value Measurements	3 Months Ended
	Dec. 29, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 8 —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 using assumptions that market participants would use, including assumptions about nonperformance risk and credit risk. Accounting Standards Codification ( “ ” 820 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 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. Non-Financial Liabilities Measured at Fair Value on a Nonrecurring Basis We measure our ARO liabilities at fair value on a nonrecurring basis when we believe there has been an indication the fair value has changed. The Company periodically re-assessed its obligations and concluded that no three December 29, 2017 December 30, 2016.

Note 9 - Deferred Facilities Re

Note 9 - Deferred Facilities Rent and Other	3 Months Ended
	Dec. 29, 2017
Notes to Financial Statements
Deferred Facilities Rent and Other [Text Block]	NOTE 9 —DEFERRED FACILITIES RENT AND OTHER 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 December 29, September 29, 2017 2017 Reston lease liability $ 931 $ 895 Deferred rent and other 454 412 Current portion of loan payable 214 167 Capital lease obligations 88 86 $ 1,687 $ 1,560 Deferred Facilities Rent and Other December 29, Spetember 29, 2017 2017 Deferred rent and other $ 3,367 $ 3,434 Reston lease liability 1,574 1,687 Capital lease obligations 271 294 $ 5,212 $ 5,415

Note 10 - Recent Accounting Pro

Note 10 - Recent Accounting Pronouncements	3 Months Ended
	Dec. 29, 2017
Notes to Financial Statements
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	NOTE 10 —RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, No. 2014 09, Revenue from Contracts with Customers (Topic 606 2014 09” 2014 09 five August 2015, No. 2015 14 Revenue from Contracts with Customers (Topic 606 2015 14” 2014 09 one December 15, 2017. December 15, 2016. September 30, 2018 In August 2014, No. 2014 15, “Presentation of Financial Statements - Going Concern (Subtopic 205 40 2014 15” one 2014 15 December 15, 2016, 2014 15 September 30, 2017. one In November 2015, No. 2015 17, Income Taxes (Topic 740 2015 17” 2015 17 December 15, 2016. may September 30, 2017. 2015 17 No. 2015 17 not In February 2016, No. 2016 02, Leases (Topic 842 2016 02” twelve December 15, 2018, September 28, 2019. In March 2016, No. 2016 09, Compensation – Stock Compensation (Topic 718 2016 09” 2016 09 December 15, 2016, 2016 09 September 30, 2017. No. 2016 09 not In August 2016, No. 2016 15, Statement of Cash Flows (Topic 230 2016 15” December 15, 2017, September 30, 2018 not In November 2016, No. 2016 18, Statement of Cash Flows (Topic 230 2016 18” December 15, 2017, September 30, 2018 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, not,

Note 11 - Restructuring Activit

Note 11 - Restructuring Activity	3 Months Ended
	Dec. 29, 2017
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	NOTE 11 —RESTRUCTURING ACTIVITY In September 2016, 81% no $1.9 420, Exit or Disposal Cost Obligations, March 2017, $0.4 second 2017. the first quarter of fiscal year 2018, $0.1 December 29, 2017, 40% On December 21, 2017, ’s lease agreement, dated March 6, 2000, March 31, 2018. $0.2 Restructuring liability is recorded as part of Deferred Facilities Rent and Other in the consolidated balance sheets. December 29 , September 29 , 201 7 201 7 Balance at beginning of perio d $ 2,582 3,160 Additions : RTC cease-use charg e 104 386 Toronto surrender agreemen t 160 0 Accretion expens e 47 175 311 561 Reductions : Payment on Toronto surrender agreemen t (101 ) 0 Rent payments net of deferred ren t (228 ) (1,139 ) (329 ) (1,139 ) Balance at end of perio d $ 2,564 2,582

Note 12 - Debt

Note 12 - Debt	3 Months Ended
	Dec. 29, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 12 — DEBT In connection with the lease agreement assignments by Learning Tree International Limited, a company incorporated under the laws of the United Kingdom (“Learning Tree Limited”) and subsidiary of the Company, Learning Tree Limited continued to occupy and lease the ground and the basement floors in the Euston House building in London, England. In order to continue to offer training courses at the Euston House location, Learning Tree Limited renovated these two £0.5 $0.7 five third 36 7.5%. may 36 one may one may 1 2 3 4 5 6 13 Under the terms of each Financing Agreement, the equipment and other materials for the Euston House Renovation are purchased from the equipment and materials suppliers with the financing received by Learning Tree Limited from the lenders with such lenders retaining ownership of the purchased equipment and materials financed. Learning Tree Limited provides each lender with indemnification in each Financing Agreement from and against losses, damage, claims and demands that a lender may ’s negligence. December 29 , September 29 , 201 7 201 7 Balance at beginning of perio d $ 532 $ 0 Additions : Euston House financing agreement s 166 536 Reductions : Payments on Euston House debt (55 ) (4 ) Foreign currency translation 4 0 Balance at end of perio d $ 647 $ 532 On January 12, 2017, $3.0 ’s agreed advance rate of up to 85% Under the Financing Agreement, the Company is required to pay Action Capital (i) interest on the outstanding advances at a rate equal to the prime rate of Wells Fargo Bank, N.A. in effect on the last business day of the prior month plus 1.75%, 0.70% 0.25% 90 ’s obligations under the Financing Agreement are secured by Acceptable Accounts, accounts receivable due from U.S. based account debtors and any contract rights, chattel paper, documents, instruments, general intangibles (excluding general intangibles consisting of intellectual property or intellectual property rights), reserves, reserve accounts, deposit and demand accounts, rebates, and books and records pertaining to any Acceptable Accounts that are assigned to Action Capital and all proceeds of the foregoing property. As of December 29, 2017, not

Note 13 - Subsequent Events

Note 13 - Subsequent Events	3 Months Ended
	Dec. 29, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 13 —SUBSEQUENT EVENTS On January 17, 2018, 13D 13D 13D may third 13D ’s Board of Directors that they intend to work cooperatively with the Company in connection therewith. Based on their Schedule 13D 56.7% f Dr. and Mrs. Collins were to complete the sale or disposition of all or a substantial portion of their shares of Company common stock, such transaction(s) may may may third 12 We have evaluated all other events subsequent to the balance sheet date of December 29, 2017 no

Note 3 - Asset Retirement Obl19

Note 3 - Asset Retirement Obligations (Tables)	3 Months Ended
	Dec. 29, 2017
Notes Tables
Schedule of Change in Asset Retirement Obligation [Table Text Block]	Three months ended December 29, 201 7 September 29, 201 7 ARO balance, beginning of period $ 1,143 $ 1,369 Accretion expense 13 66 Settlement of ARO liability (254 ) (310 ) Foreign currency translation 6 18 ARO balance, end of period $ 908 $ 1,143

Note 4 - Earnings (Loss) Per 20

Note 4 - Earnings (Loss) Per Share (Tables)	3 Months Ended
	Dec. 29, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended December 29, 201 7 December 30, 201 6 Numerator: Net income (loss) $ 355 $ (379 ) Denominator: Weighted average shares outstanding Basic 13,224 13,224 Effect of dilutive securities 217 0 Diluted 13,441 $ 13,224 Income (loss) per common share - basic and diluted: Basic and diluted income (loss) per share $ 0.03 $ (0.03 )

Note 7 - Segment Reporting (Tab

Note 7 - Segment Reporting (Tables)	3 Months Ended
	Dec. 29, 2017
Notes Tables
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Three months ended Decmber 29 , Decmber 30 , 201 7 201 6 Revenues: United States $ 9,751 $ 10,700 Canada 1,825 1,911 North America 11,576 12,611 United Kingdom 4,117 4,306 Sweden 947 1,025 Japan 556 610 Total $ 17,196 $ 18,552 Gross profit: United States $ 4,547 $ 4,648 Canada 925 794 North America 5,472 5,442 United Kingdom 1,690 1,486 Sweden 551 596 Japan 387 440 Total $ 8,100 $ 7,964
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Decmber 29 , Decmber 30 , 201 7 201 6 Total assets: United States 11,749 12,987 Canada 2,351 3,184 North America 14,100 16,171 United Kingdom 7,396 7,559 Sweden 2,170 2,527 Japan 1,554 1,363 Total $ 25,220 $ 27,620

Note 9 - Deferred Facilities 22

Note 9 - Deferred Facilities Rent and Other (Tables)	3 Months Ended
	Dec. 29, 2017
Notes Tables
Schedule of Current Portion of Deferred Facilities Rent and Other [Table Text Block]	December 29, September 29, 2017 2017 Reston lease liability $ 931 $ 895 Deferred rent and other 454 412 Current portion of loan payable 214 167 Capital lease obligations 88 86 $ 1,687 $ 1,560
Schedule of Long Term Portion of Deferred Facilities Rent and Other [Table Text Block]	December 29, Spetember 29, 2017 2017 Deferred rent and other $ 3,367 $ 3,434 Reston lease liability 1,574 1,687 Capital lease obligations 271 294 $ 5,212 $ 5,415

Note 11 - Restructuring Activ23

Note 11 - Restructuring Activity (Tables)	3 Months Ended
	Dec. 29, 2017
Notes Tables
Restructuring and Related Costs [Table Text Block]	December 29 , September 29 , 201 7 201 7 Balance at beginning of perio d $ 2,582 3,160 Additions : RTC cease-use charg e 104 386 Toronto surrender agreemen t 160 0 Accretion expens e 47 175 311 561 Reductions : Payment on Toronto surrender agreemen t (101 ) 0 Rent payments net of deferred ren t (228 ) (1,139 ) (329 ) (1,139 ) Balance at end of perio d $ 2,564 2,582

Note 12 - Debt (Tables)

Note 12 - Debt (Tables)	3 Months Ended
	Dec. 29, 2017
Notes Tables
Schedule of Debt [Table Text Block]	December 29 , September 29 , 201 7 201 7 Balance at beginning of perio d $ 532 $ 0 Additions : Euston House financing agreement s 166 536 Reductions : Payments on Euston House debt (55 ) (4 ) Foreign currency translation 4 0 Balance at end of perio d $ 647 $ 532

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Dec. 29, 2017	Dec. 30, 2016	Sep. 29, 2017	Jan. 12, 2017	Sep. 30, 2016
Retained Earnings (Accumulated Deficit)	$ (17,078)		$ (17,433)
Cash and Cash Equivalents, at Carrying Value	$ 5,142	$ 7,219	$ 5,080		$ 8,540
Percentage of Increase (Decrease) in Number of Attendees	1.80%
Revenues	$ 17,196	18,552
Reduction in Cost of Revenues, Percentage	14.10%
Reduction in Operating Expenses, Percentage	8.10%
Operating Income (Loss)	$ 319	$ (504)
Action Capital [Member] | Line of Credit [Member] | Financing Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity				$ 3,000
Percentage of Net Amount of Certain Customer Accounts Receivable				85.00%

Note 2 - Stock-based Compensa26

Note 2 - Stock-based Compensation (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Dec. 29, 2017	Dec. 30, 2016
Allocated Share-based Compensation Expense	$ 0.1	$ 0.1

Note 3 - Asset Retirement Obl27

Note 3 - Asset Retirement Obligations - Liabilities Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 29, 2017	Sep. 29, 2017	Dec. 30, 2016
ARO balance, beginning of period	$ 1,143	$ 1,369
Accretion expense	13	66	$ 16
Settlement of ARO liability	(254)	(310)
Foreign currency translation	6	18
ARO balance, end of period	$ 908	$ 1,143

Note 4 - Earnings (Loss) Per 28

Note 4 - Earnings (Loss) Per Share (Details Textual) - shares	3 Months Ended
	Dec. 29, 2017	Dec. 30, 2016
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	433,000	850,000

Note 4 - Earnings (Loss) Per 29

Note 4 - Earnings (Loss) Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 29, 2017	Dec. 30, 2016
Numerator:
Net income (loss)	$ 355	$ (379)
Denominator:
Basic (in shares)	13,224	13,224
Effect of dilutive securities (in shares)	217	0
Diluted (in shares)	13,441	13,224
Basic and diluted income (loss) per share (in dollars per share)	$ 0.03	$ (0.03)

Note 5 - Income Taxes (Details

Note 5 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Dec. 29, 2017	Dec. 30, 2016
Income Tax Expense (Benefit)	$ (63)	$ 76

Note 7 - Segment Reporting (Det

Note 7 - Segment Reporting (Details Textual)	3 Months Ended
	Dec. 29, 2017	Dec. 30, 2016
Number of Countries in which Entity Operates	5
Customer Concentration Risk [Member] | Sales Revenue, Net [Member]
Number of Major Customers	0	0

Note 7 - Segment Reporting - Fi

Note 7 - Segment Reporting - Financial Information by Reportable Segment, Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 29, 2017	Dec. 30, 2016
Revenues:
Revenues	$ 17,196	$ 18,552
Gross profit:
Gross Profit	8,100	7,964
UNITED STATES | Continuing Operations [Member]
Revenues:
Revenues	9,751	10,700
Gross profit:
Gross Profit	4,547	4,648
CANADA | Continuing Operations [Member]
Revenues:
Revenues	1,825	1,911
Gross profit:
Gross Profit	925	794
North America [Member] | Continuing Operations [Member]
Revenues:
Revenues	11,576	12,611
Gross profit:
Gross Profit	5,472	5,442
UNITED KINGDOM | Continuing Operations [Member]
Revenues:
Revenues	4,117	4,306
Gross profit:
Gross Profit	1,690	1,486
SWEDEN | Continuing Operations [Member]
Revenues:
Revenues	947	1,025
Gross profit:
Gross Profit	551	596
JAPAN | Continuing Operations [Member]
Revenues:
Revenues	556	610
Gross profit:
Gross Profit	$ 387	$ 440

Note 7 - Segment Reporting - 33

Note 7 - Segment Reporting - Financial Information by Reportable Segment, Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 29, 2017	Sep. 29, 2017	Dec. 30, 2016
Total assets:
Assets	$ 25,220	$ 26,263	$ 27,620
UNITED STATES | Continuing Operations [Member]
Total assets:
Assets	11,749		12,987
CANADA | Continuing Operations [Member]
Total assets:
Assets	2,351		3,184
North America [Member] | Continuing Operations [Member]
Total assets:
Assets	14,100		16,171
UNITED KINGDOM | Continuing Operations [Member]
Total assets:
Assets	7,396		7,559
SWEDEN | Continuing Operations [Member]
Total assets:
Assets	2,170		2,527
JAPAN | Continuing Operations [Member]
Total assets:
Assets	$ 1,554		$ 1,363

Note 9 - Deferred Facilities 34

Note 9 - Deferred Facilities Rent and Other - Current Portion of Deferred Facilities Rent and Other (Details) - USD ($) $ in Thousands	Dec. 29, 2017	Sep. 29, 2017
Reston lease liability	$ 931	$ 895
Deferred rent and other	454	412
Current portion of loan payable	214	167
Capital lease obligations	88	86
Current portion	$ 1,687	$ 1,560

Note 9 - Deferred Facilities 35

Note 9 - Deferred Facilities Rent and Other - Deferred Facilities Rent and Other (Details) - USD ($) $ in Thousands	Dec. 29, 2017	Sep. 29, 2017
Deferred rent and other	$ 3,367	$ 3,434
Capital lease obligations	271	294
Deferred	5,212	5,415
Reston [Member]
Reston lease liability	$ 1,574	$ 1,687

Note 11 - Restructuring Activ36

Note 11 - Restructuring Activity (Details Textual) - USD ($) $ in Thousands	Dec. 21, 2017	Dec. 29, 2017	Sep. 30, 2016	Dec. 29, 2017	Mar. 31, 2017	Dec. 30, 2016
Restructuring Charges				$ 264		$ 0
Contract Termination [Member] | Lease Amending Agreement Surrender Agreement [Member]
Restructuring Charges	$ 200
Reston Town Center Facility [Member]
Restructuring and Related Activities, Renewed Sublease Surplus Space			81.00%
Restructuring Charges		$ 100	$ 1,900		$ 400
Subleased Surplus Space, Percentage		40.00%		40.00%

Note 11 - Restructuring Activ37

Note 11 - Restructuring Activity - Restructuring Activity (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 29, 2017	Sep. 29, 2017
Balance at beginning of period	$ 2,582	$ 3,160
Additions to restructuring reserve	311	561
Reductions to restructuring reserve	(329)	(1,139)
Balance at end of period	2,564	2,582
RTC Cease-Use Charge [Member] | Facility Closing [Member]
Additions to restructuring reserve	104	386
Lease Amending Agreement Surrender Agreement [Member] | Contract Termination [Member]
Additions to restructuring reserve	160	0
Reductions to restructuring reserve	(101)	0
Accretion Expense 1 [Member] | Facility Closing [Member]
Additions to restructuring reserve	47	175
Rent Payments [Member] | Facility Closing [Member]
Reductions to restructuring reserve	$ (228)	$ (1,139)

Note 12 - Debt (Details Textual

Note 12 - Debt (Details Textual)	Jan. 12, 2017USD ($)	Dec. 29, 2017USD ($)	Dec. 29, 2017EUR (€)
Renovation Cost		$ 700	€ 500
Financing Agreement [Member]
Debt Instrument, Term		3 years	3 years
Debt Instrument, Interest Rate, Stated Percentage		7.50%
Financing Agreement [Member] | Action Capital [Member] | Line of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 3,000,000
Percentage of Net Amount of Certain Customer Accounts Receivable	85.00%
Debt Instrument, Monthly Fee, Percentage of Outstanding Advances	0.70%
Debt Instrument, Fee, Percentage of Maximum Aggregate Principle Amount	0.25%
Long-term Line of Credit		$ 0
Financing Agreement [Member] | Action Capital [Member] | Line of Credit [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.75%

Note 12 - Debt - Financing Agre

Note 12 - Debt - Financing Agreement Activities (Details) - Financing Agreement [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 29, 2017	Sep. 29, 2017
Balance at beginning of period	$ 532	$ 0
Additions	166	536
Reduction	(55)	(4)
Foreign currency translation	4	0
Balance at end of period	$ 647	$ 532

Note 13 - Subsequent Events (De

Note 13 - Subsequent Events (Details Textual)	Jan. 17, 2018
Subsequent Event [Member] | Dr. David C. Collins and Mrs. Mary C. Collins [Member]
Percentage of Ownership	56.70%