Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Sep. 28, 2018 | Dec. 14, 2018 | Mar. 30, 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 | Non-accelerated Filer | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | true | ||
Entity Common Stock, Shares Outstanding (in shares) | 13,224,349 | ||
Entity Public Float | $ 12,575,924 | ||
Document Type | 10-K | ||
Document Period End Date | Sep. 28, 2018 | ||
Document Fiscal Year Focus | 2,018 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Entity Shell Company | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Sep. 28, 2018 | Sep. 29, 2017 |
Assets | ||
Cash and cash equivalents | $ 4,732,000 | $ 5,080,000 |
Trade accounts receivable, net | 8,645,000 | 9,725,000 |
Income tax receivable | 211,000 | 129,000 |
Prepaid expenses | 1,422,000 | 1,399,000 |
Lease deposits | 0 | 1,174,000 |
Other current assets | 1,222,000 | 1,333,000 |
Total current assets | 16,232,000 | 18,840,000 |
Education and office equipment | 28,225,000 | 29,288,000 |
Transportation equipment | 20,000 | 44,000 |
Property and leasehold improvements | 7,211,000 | 8,107,000 |
Property, plant and equipment, net | 35,456,000 | 37,439,000 |
Less: accumulated depreciation and amortization | (31,862,000) | (32,909,000) |
Property, plant, and equipment, net | 3,594,000 | 4,530,000 |
Restricted interest-bearing investments | 1,488,000 | 1,477,000 |
Deferred income taxes | 518,000 | 505,000 |
Other assets | 816,000 | 911,000 |
Total assets | 22,648,000 | 26,263,000 |
Current Liabilities: | ||
Trade accounts payable | 5,893,000 | 6,245,000 |
Deferred revenues | 16,459,000 | 18,383,000 |
Accrued payroll, benefits and related taxes | 2,337,000 | 2,207,000 |
Other accrued liabilities | 642,000 | 743,000 |
Income taxes payable | 14,000 | 54,000 |
Current portion of long term debt | 2,223,000 | 167,000 |
Current portion of deferred facilities rent and other | 1,553,000 | 1,393,000 |
Total current liabilities | 29,121,000 | 29,192,000 |
Long term debt | 50,000 | 365,000 |
Asset retirement obligations | 916,000 | 1,143,000 |
Deferred income taxes | 119,000 | 118,000 |
Deferred facilities rent and other | 4,258,000 | 5,415,000 |
Noncurrent tax liabilities | 2,100,000 | 1,852,000 |
Total liabilities | 36,564,000 | 38,085,000 |
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 issued and outstanding | 1,000 | 1,000 |
Additional paid-in capital | 6,593,000 | 6,487,000 |
Accumulated other comprehensive loss | (1,018,000) | (877,000) |
Accumulated deficit | (19,492,000) | (17,433,000) |
Total stockholders' deficit | (13,916,000) | (11,822,000) |
Total liabilities and stockholders' deficit | $ 22,648,000 | $ 26,263,000 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Sep. 28, 2018 | 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 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Loss - USD ($) | 12 Months Ended | |
Sep. 28, 2018 | Sep. 29, 2017 | |
Revenues | $ 64,318,000 | $ 70,663,000 |
Cost of revenues | 36,642,000 | 40,298,000 |
Gross profit | 27,676,000 | 30,365,000 |
Operating expenses: | ||
Course development | 2,762,000 | 2,868,000 |
Sales and marketing | 12,911,000 | 13,497,000 |
General and administrative | 13,623,000 | 14,896,000 |
Restructuring charge | 355,000 | 386,000 |
Operating expenses | 29,651,000 | 31,647,000 |
Loss from operations before other operating items | (1,975,000) | (1,282,000) |
Other operating items: | ||
Loss on disposal of equipment, property, and leasehold improvements | (11,000) | (53,000) |
Nonoperating income expense | (11,000) | (53,000) |
Loss from operations | (1,986,000) | (1,335,000) |
Interest expense, net | (96,000) | (53,000) |
Foreign exchange gains (losses) | 148,000 | (254,000) |
Other | 8,000 | (21,000) |
Other operating income expense, net | 60,000 | (328,000) |
Total | (1,926,000) | (1,663,000) |
Provision for income taxes | 133,000 | 474,000 |
Net loss | $ (2,059,000) | $ (2,137,000) |
Loss per share basic and diluted: | ||
Basic and diluted loss per share (in dollars per share) | $ (0.16) | $ (0.16) |
Weighted average shares - basic and diluted (in shares) | 13,224 | 13,224 |
Comprehensive loss: | ||
Net loss | $ (2,059,000) | $ (2,137,000) |
Foreign currency translation adjustments | (141,000) | 5,000 |
Comprehensive income,net | $ (2,200,000) | $ (2,132,000) |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Deficit - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | AOCI Attributable to Parent [Member] | Retained Earnings, Appropriated [Member] | Total |
Balance (in shares) at Sep. 30, 2016 | 13,224,000 | ||||
Balance at Sep. 30, 2016 | $ 1 | $ 6,388 | $ (882) | $ (15,296) | $ (9,789) |
Net loss | 0 | 0 | 0 | (2,137) | (2,137) |
Foreign currency translation | 0 | 0 | 5 | 0 | 5 |
Share based compensation | $ 0 | 99 | 0 | 0 | $ 99 |
Balance (in shares) at Sep. 29, 2017 | 13,224,000 | 13,224,349 | |||
Balance at Sep. 29, 2017 | $ 1 | 6,487 | (877) | (17,433) | $ (11,822) |
Net loss | 0 | 0 | 0 | (2,059) | (2,059) |
Foreign currency translation | 0 | 0 | (141) | 0 | (141) |
Share based compensation | $ 0 | 106 | 0 | 0 | $ 106 |
Balance (in shares) at Sep. 28, 2018 | 13,224,000 | 13,224,349 | |||
Balance at Sep. 28, 2018 | $ 1 | $ 6,593 | $ (1,018) | $ (19,492) | $ (13,916) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Sep. 28, 2018 | Sep. 29, 2017 | |
Cash flows - operating activities | ||
Net loss | $ (2,059,000) | $ (2,137,000) |
Adjustments to reconcile net loss from operations to net cash used in operating activities: | ||
Depreciation and amortization | 1,333,000 | 1,945,000 |
Share-based compensation | 106,000 | 99,000 |
Deferred income taxes | (211,000) | (53,000) |
Provision for doubtful accounts | 35,000 | 255,000 |
Accretion on asset retirement obligations | 52,000 | 66,000 |
Restructuring charge | 355,000 | 386,000 |
Loss on disposal of equipment, property and leasehold improvements | 11,000 | 53,000 |
Unrealized foreign exchange gains (losses) | (203,000) | 72,000 |
Settlement of asset retirement obligation | (254,000) | (310,000) |
Changes in operating assets and liabilities: | ||
Trade accounts receivable | 939,000 | (363,000) |
Prepaid expenses and other assets | 1,336,000 | 629,000 |
Income tax receivable / payable | 210,000 | 513,000 |
Trade accounts payable | (287,000) | 243,000 |
Deferred revenues | (1,736,000) | (2,833,000) |
Deferred facilities rent and other | (920,000) | (1,470,000) |
Other accrued liabilities | (311,000) | (317,000) |
Net cash used in operating activities | (1,604,000) | (3,222,000) |
Cash flows - investing activities: | ||
Purchases of equipment, property and leasehold improvements | (297,000) | (42,000) |
Proceeds from sale of equipment, property and leasehold improvements | 7,000 | 15,000 |
Net cash used in investing activities | (290,000) | (27,000) |
Cash flows - financing activities: | ||
Payments on capital lease | (86,000) | (79,000) |
Proceeds from issuance of term debt | 2,000,000 | 0 |
Payments for debt issuance cost | (204,000) | 0 |
Payments on long term debt | (206,000) | (9,000) |
Net cash provided by (used in) financing activities | 1,504,000 | (88,000) |
Effects of exchange rate changes on cash and cash equivalents | 42,000 | (123,000) |
Net decrease in cash and cash equivalents | (348,000) | (3,460,000) |
Cash and cash equivalents at the beginning of the period | 5,080,000 | 8,540,000 |
Cash and cash equivalents at the end of the period | 4,732,000 | 5,080,000 |
Supplemental disclosures: | ||
Income tax paid | 164 | 129 |
Interest paid | 102 | 86 |
Non-cash loan payable | 166,000 | 532,000 |
Leasehold Improvements [Member] | ||
Supplemental disclosures: | ||
Non-cash leasehold improvements | $ 166,000 | $ 532,000 |
Note 1 - Nature of the Business
Note 1 - Nature of the Business and Summary of Significant Accounting Policies | 12 Months Ended |
Sep. 28, 2018 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | 1. a. Nature of the Business Learning Tree International, Inc. and subsidiaries (“the Company,” “we,” “us,” or “our”) develop, market, and deliver a broad, predominately 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, Sweden and Japan. Such course events are also conducted from specially equipped facilities, in hotel and conference facilities, and at customer sites throughout the world. Almost all 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 53 September. 2018 September 28, 2018, 2017 September 29, 2017. September 28, 2018, September 29, 2017, September 28, 2018 September 29, 2017. 2018 2017 52 Certain items in the fiscal year 2017 b. Basis of Presentation As of and for the fiscal year ended September 28, 2018, $13.9 2018 9.0% September 28, 2018, $4.7 $6.0 2019, To address the decline in revenues, we have been working to leverage resellers and other partner models to increase our sales reach, increasing the size of our sales teams, shortening the duration of some of our courses and partnering with certification organizations and other training providers to broaden and deepen the training products we offer. Our overall objective continues to be the reversal of the year-over-year declines in revenue we have experienced recently by stabilizing revenue from training offered to our clients at our Education Centers while growing revenue from enterprise clients through Workforce Optimization Solutions and other customized training products. We continued to reduce our operating expenses through a comprehensive cost reduction program initiated in fiscal year 2016. 2018 $2.0 2017, $10.7 2017 2016. $0.4 2018 2017 2018 $3.7 9.1% On January 12, 2017, $3.0 not 2017 2018. Additionally, during the third 2018, $5.0 June 29, 2018, $2.0 ten 10 12 The stabilization of revenues and continued reduction in costs are integral to our goal of achieving a break even operating income line and a positive cash flow from operations for fiscal year 2019. not not c. Principles of Consolidation The accompanying consolidated financial statements include the accounts of Learning Tree International, Inc. and our subsidiaries. All intercompany accounts and transactions have been eliminated. The following is a list of our subsidiaries as of September 28, 2018: Learning Tree International USA, Inc. (U.S.) Learning Tree International, K.K. (Japan) Learning Tree International Ltd. (United Kingdom) Learning Tree International AB (Sweden) Learning Tree International Inc. (Canada) Advanced Technology Marketing, Inc. (U.S.) AnyWare Live, Inc. (U.S.) d. Revenue Recognition and Accounts Receivable Our revenues are primarily received from business entities and government agencies for the professional training of their employees. Course events range in length from one five three 52 53 five 52 53 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 courses over a one two We believe it is appropriate to recognize revenues on this basis in order to most closely match revenue and related costs, as a substantial number of Passport holders do not The average actual attendance rate for all expired Training Passports has closely approximated the estimated rate we utilize. Although we have seen no may not may no one two For Passport products for which historical utilization data is not not may 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 twelve twelve no For reseller partner courses, we record revenue net of the amount we pay the partner for providing the course and do not Trade accounts receivable are reduced by an allowance for amounts that may e. Share-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 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 that 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, Compensation-Stock Compensation As share-based compensation expense recognized in the consolidated statements of operations and comprehensive loss is based on awards ultimately expected to vest, it has been reduced for estimated pre-vesting forfeitures. Forfeitures were estimated based on historical experience. f. Course Development Costs Course development costs are charged to operations in the period incurred. g. Advertising Advertising costs are charged to expense in the period incurred. Advertising costs totaled $289 $234 2018 2017, h. Cash and Cash Equivalents and Interest-bearing Investments We consider highly liquid investments with remaining maturities of ninety Restricted interest-bearing investments at September 28, 2018 $732 562 $169 1,500 $587 $753 562 $188 1,535 $536 September 30, 2017. i. Marketing Expenses Marketing expenses for fiscal year 2018 2018 not 2018 2017 $1,714 $1,999 j. 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 Leasehold improvements 20 years or the life of the lease, if shorter Depreciation and amortization expense totaled $1,333 $1,945 2018 2017, During fiscal year 2018, $0.2 third $0.5 2017. The fair value of a liability for an asset retirement obligation (“ARO”) 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 k. 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 l. 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. m. Comprehensive loss We report comprehensive income (loss) in the consolidated statements of operations and comprehensive loss. Other comprehensive loss is comprised of foreign currency translation adjustments. At the end of fiscal year 2018, 1,018 877 2017. n. Income Taxes We provide for income taxes under the provisions of Financial Accounting Standards Board (“FASB”) ASC 740, Income Taxes may not The tax effects of uncertain tax positions are recognized in the consolidated financial statements only if the position is more likely than not not 50% 740 10 o. 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 consolidated statements of operations and comprehensive loss. 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 loss. To date, we have not p. 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. q. Fair Value of Financial Instruments The carrying values of cash and cash equivalents, restricted interest-bearing investments, accounts receivable, and accounts payable, and current portion of loan payable approximate their fair values because of the short-term nature of these instruments. The carrying value of the non-current portion of loan payable also approximates fair value since this loan substantially consist of the new financing agreement that was obtained during the current fiscal year as discussed in Note 12 r. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) 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. s . Recently Issued Accounting Pronouncements In May 2014, No. 2014 09, Revenue from Contracts with Customers (Topic 606 2014 09” 2014 09 five may August 2015, No. 2015 14 Revenue from Contracts with Customers (Topic 606 2015 14” 2014 09 one December 15, 2017, December 15, 2016). December 15, 2018. no December 15, 2016. 606 not 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 February 2016, No. 2016 02, Leases (Topic 842 2016 02” 12 December 15, 2018, September 28, 2019. In August 2016, No. 2016 15, Statement of Cash Flows (Topic 230 2016 15” December 15, 2017, September 29, 2018 September 29, 2018 not In November 2016, No. 2016 18, Statement of Cash Flows (Topic 230 2016 18” December 15, 2017, September 29, 2018 September 29, 2018 not In July 2017, No. 2017 11, “Earnings per share (Topic 260 480 815 2017 11” December 15, 2019, The Company has evaluated the conversion feature of the debt outstanding under the Credit Agreement and concluded that the down round provision of the Company’s conversion feature qualifies under ASU 2017 11’s 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 2 - Asset Retirement Oblig
Note 2 - Asset Retirement Obligations | 12 Months Ended |
Sep. 28, 2018 | |
Notes to Financial Statements | |
Asset Retirement Obligation Disclosure [Text Block] | 2. We record a liability equal to the fair value of the estimated cost to retire an asset. The 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 ARO liabilities, which primarily consists of the estimated cost to remove leasehold improvements at our Education Centers: Year ended Year ended September 28, 2018 September 29, 2017 ARO balance, beginning of period $ 1,143 $ 1,369 Accretion expense 52 66 Settlement of ARO liability (254 ) (310 ) Foreign currency translation (25 ) 18 ARO balance, end of period $ 916 $ 1,143 |
Note 3 - Income Taxes
Note 3 - Income Taxes | 12 Months Ended |
Sep. 28, 2018 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 3. 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. In December 2017, 35% 21%, one Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to reverse. As a result of the reduction in the U.S. corporate income tax rate from 35% 21% September 28, 2018 The Act provided for a one 1986 15.5% 8%. one $3.1 no no one 965 Before the Act, the Company recorded an anticipated liability for repatriation of certain foreign subsidiary earnings (net of foreign tax credits) of $6.6 not $189 $189, one September 28, 2018. may may may not one For the year ended September 2018, 24.6% 6.9 20.6% 8.7% Loss before provision for income taxes consists of the following: Fiscal Year Ended September 28, 2018 September 29, 2017 Domestic $ (2,214 ) $ (1,335 ) Foreign 288 (328 ) Total $ (1,926 ) $ (1,663 ) The provision for income taxes consists of the following: Fiscal Year Ended September 28, 2018 September 29, 2017 Current tax provision: State $ 39 $ 113 Foreign 305 414 344 527 Deferred tax provision (benefit): U.S. Federal 4 50 Impact of TCJA (189 ) 0 Foreign (26 ) (103 ) (211 ) (53 ) Provision for income taxes $ 133 $ 474 The following is a reconciliation of the provision for income taxes to the United States federal statutory tax rate: Fiscal Year Ended September 28, 2018 Effective Tax rate % September 29, 2017 Effective Tax rate % Income taxes at the U.S. statutory rate $ (473 ) 24.6 % $ (582 ) 35.0 % Equity compensation 22 (1.1 ) 16 (0.9 ) Subpart F 43 (2.2 ) 38 (2.3 ) Sec 956 inclusion 0 0.0 191 (11.5 ) Other permanent differences 839 (43.6 ) 267 (16.1 ) Effects of foreign taxes and tax credits (149 ) 7.7 47 (2.9 ) State income taxes 125 (6.5 ) 73 (4.4 ) Uncertain tax positions 280 (14.5 ) 343 (20.6 ) Change in valuation allowance (2,244 ) 116.5 349 (21.0 ) Change in rate 6 (0.3 ) (249 ) 15.0 Impact of 2017 Tax Cuts and Jobs Act 2,432 (126.3 ) 0 0.0 True-Up (650 ) 33.7 (15 ) 0.9 Other (98 ) 5.1 (4 ) 0.3 Total provision for income taxes $ 133 (6.9 )% $ 474 (28.5 )% Other permanent differences mainly relate to equity compensation, meals and entertainment, and foreign permanent items. 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 not not 2012, 2017 2016. September 28, 2018, September 29, 2017, $27,473 $20,294, 382, may June 29, 2018, 382. not $253 $132 September 28, 2018 September 29, 2017, 2031 2020, Deferred income tax assets and liabilities consist of the following: Fiscal Year Ended September 28, 2018 September 29, 2017 Domestic operations: Deferred tax assets: Deferred facilities rent charges $ 1,464 $ 2,544 Deferred revenue 338 579 Foreign tax credit carryforwards 253 132 Alternative minimum tax credit carryforwards 0 189 Accrued vacation 279 344 Equity compensation 59 83 Depreciation and amortization 99 1,986 Net operating loss 7,464 8,446 Capital loss 55 83 Allowance for bad debt 131 307 Related party payables and Subpart F 505 541 Other 0 140 Deferred tax liabilities: Prepaid expenses and other (129 ) (111 ) Undistributed earnings of foreign subsidiaries (70 ) (2,378 ) Domestic net deferred tax assets 10,448 12,885 Foreign operations: Deferred tax assets: Depreciation and other 518 505 Deferred tax liabilities: Depreciation and other (48 ) (52 ) Foreign net deferred tax assets 470 453 Domestic and foreign deferred tax assets 10,918 13,338 Valuation allowances (10,519 ) (12,951 ) Net deferred tax assets $ 399 $ 387 We recognize interest and penalties related to unrecognized tax benefits as a component of income tax expense. For fiscal year 2018, $107 September 28, 2018, September 29, 2017, $944 $843 September 28, 2018, $1,616 not 12 2011 2017. The aggregate change in the balance of gross unrecognized tax benefits, which excludes interest and penalties, is as follows: Fiscal Year Ended September 28, 2018 September 29, 2017 Balance, beginning of year $ 1,009 $ 713 Increases related to tax positions taken during the current period 147 296 Balance end of year $ 1,156 $ 1,009 The Company has deemed to have repatriated the unremitted earnings from the foreign subsidiaries to the United States as a result of the Tax Cuts and Jobs Act which then became taxable to the Company. As of September 28, 2018, September 29, 2017 $0 $2,312 $70 $66, $0 $6,606 September 28, 2018 September 29, 2017, September 28, 2018 |
Note 4 - Commitments and Contin
Note 4 - Commitments and Contingencies | 12 Months Ended |
Sep. 28, 2018 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 4. a. Operating Lease Commitments As of September 28, 2018, 2026 Fiscal Year Ending Minimum Lease Payments Less Proceeds Net Lease Commitments 2019 $ 5,563 $ 561 $ 5,002 2020 4,933 583 4,350 2021 3,635 348 3,287 2022 2,366 0 2,366 2023 1,545 0 1,545 Thereafter 4,572 0 4,572 $ 22,614 $ 1,492 $ 21,122 Rental expense was $4,893 $6,475 2018 2017, During fiscal year 2017, not five third ten 2018 14,037 8,060 seven December 31, 2022, November 30, 2019. October 2017 25,976 7,011 eleven five February 29, 2020. two third 2017 17,207 March 31, 2018 four On August 15, 2017, two two November 14, 2012 November 13, 2022. two first second i2 £365 $489 first £366 $490 second September 28, 2017, i2 first second £876 $1,174 £525 $703 12 b. Capital Lease Commitments During fiscal year 2017, two September 28, 2018 Fiscal Year Ending Minimum Lease Payments 2019 116 2020 116 2021 102 Total minimum payments $ 334 Less amount representing interest (imputed weighted average capital lease annual interest rate of 9.1% for Equipment Lease and 7.67% for Software Lease) (40 ) Net minimum payments 294 Less Current Portion (94 ) Present Value of Minimum Payments, Less Current Portion $ 200 Capital lease liability is included in the "Deferred facilities rent and other" line of our consolidated balance sheets. c. Contingencies Currently, and from time to time, we are involved in litigation incidental to the conduct of our business. We are not |
Note 5 - Stockholders' Equity
Note 5 - Stockholders' Equity | 12 Months Ended |
Sep. 28, 2018 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 5. We did not 2018 2017. may no On June 29, 2018, $5.0 may $1.00 12 |
Note 6 - Share-based Compensati
Note 6 - Share-based Compensation | 12 Months Ended |
Sep. 28, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 6. Effective April 17, 2018, 2018 “2018 2018 2018 600,000 2018 no may 50,000 no 150,000 may 2018 not $50,000. 2018 April 17, 2023. 2007 “2007 1,000,000 2007 December 2016 no 2007 2007 350,000 2007 one fourth four ten 2015, 300,000 not 2007 four The fair value of each option award was estimated on the date of grant using the Black-Scholes option-pricing model. 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 not 0%. A summary of option activity under the 2018 2007 2017 2018 Options Shares Weighted- Weighted- Contractual Term Aggregate Intrinsic Value Outstanding at September 30, 2016 850,000 $ 1.88 8.5 $ 0.00 Options granted 0 $ 0.00 Options exercised 0 $ 0.00 Options forfeited, expired and unearned (200,000 ) $ 3.85 $ 0.00 Outstanding at September 29, 2017 650,000 $ 1.28 8.0 $ 0.00 Options granted 125,000 $ 1.35 4.8 $ 0.00 Options exercised 0 $ 0.00 Options forfeited, expired and unearned 0 $ 0.00 Outstanding at September 28, 2018 775,000 $ 1.29 6.6 $ 0.00 Vested and expected to vest at September 28, 2018 770,653 $ 1.28 6.6 $ 0.00 Exercisable at September 28, 2018 350,000 $ 1.30 6.9 $ 0.00 During fiscal year 2018, no 2017. 201 8 Expected dividend yield $ 0.00 Risk-free interest rate 2.68 % Expected option term (years) 3.3 Volatility 47.53 % Weighted-average fair value $ 0.27 Share-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 $106 $99 2018 2017, If the non-vested stock options fully vest, they will result in future expense of $119 3 $ 0 2018 2017. Restricted Stock Units As noted above, our 2007 2018, not no 2018 2017. |
Note 7 - Employee Benefit Plans
Note 7 - Employee Benefit Plans | 12 Months Ended |
Sep. 28, 2018 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | 7. 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 “401 401 Qualified employees may 401 30% first 6% $183 $177, $26 $49, 401 2018 2017, 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 2018 2017, $324 $361, |
Note 8 - Loss Per Share
Note 8 - Loss Per Share | 12 Months Ended |
Sep. 28, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 8. 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 2018 2017, 775,000 650,000 2018. 2018, two million $2.0 The following table sets forth the calculation of basic and diluted loss per share: Fiscal Year Ended September 28, September 29, 2018 2017 Numerator: Net loss $ (2,059 ) $ (2,137 ) Denominator: Weighted average shares outstanding Basic 13,224 13,224 Effect of dilutive securities 0 0 Diluted 13,224 13,224 Loss per common share - basic and diluted: $ (0.16 ) $ (0.16 ) |
Note 9 - Operating Segment Info
Note 9 - Operating Segment Information | 12 Months Ended |
Sep. 28, 2018 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 9. 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 one 10% 2018 2017. 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, 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 $3,568 $4,523 2018 2017, Summarized financial information by reportable segment for fiscal years 2018 2017, Fiscal Year Ended September 28, September 29, 2018 2017 Revenues: United States $ 38,918 $ 44,246 Canada 6,325 6,700 North America 45,243 50,946 United Kingdom 14,237 14,492 Sweden 2,417 2,920 Japan 2,421 2,305 Total $ 64,318 $ 70,663 Gross profit: United States $ 16,609 $ 20,259 Canada 2,968 2,827 North America 19,577 23,086 United Kingdom 5,138 4,172 Sweden 1,244 1,493 Japan 1,717 1,614 Total $ 27,676 $ 30,365 Depreciation and amortization: United States $ 619 $ 972 Canada 175 182 North America 794 1,154 United Kingdom 495 746 Sweden 37 42 Japan 7 3 Total $ 1,333 $ 1,945 Fiscal Year Ended September 28, September 29, 2018 2017 Total assets: United States $ 12,536 $ 13,239 Canada 1,658 2,349 North America 14,194 15,588 United Kingdom 5,749 6,944 Sweden 1,357 2,169 Japan 1,348 1,562 Total $ 22,648 $ 26,263 Long-lived assets: United States $ 2,786 $ 3,348 Canada 245 410 North America 3,031 3,758 United Kingdom 1,167 1,536 Sweden 42 80 Japan 76 67 Total $ 4,316 $ 5,441 Capital expenditures: United States $ 199 $ 23 Canada 42 13 North America 241 36 United Kingdom 38 4 Sweden 3 0 Japan 15 2 Total $ 297 $ 42 |
Note 10 - Deferred Facilities R
Note 10 - Deferred Facilities Rent and Other | 12 Months Ended |
Sep. 28, 2018 | |
Notes to Financial Statements | |
Deferred Facilities Rent and Other [Text Block] | 10. 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 29, 2018 2017 Reston lease liability $ 942 $ 895 Deferred rent and other 426 412 UK warehouse facility 91 0 Capital lease obligations 94 86 $ 1,553 $ 1,393 Noncurrent Portion of Deferred Facilities Rent and Other Fiscal Year Ended September 28, September 29, 2018 2017 Deferred rent and other $ 3,033 $ 3,434 Reston lease liability 1,025 1,687 Capital lease obligations 200 294 $ 4,258 $ 5,415 |
Note 11- Valuation and Qualifyi
Note 11- Valuation and Qualifying Accounts | 12 Months Ended |
Sep. 28, 2018 | |
Notes to Financial Statements | |
Valuation and Qualifying Accounts [Text Block] | 11. Activity with respect to our provision for doubtful accounts is summarized as follows: Fiscal Year Ended September 28, September 29, 2018 2017 Beginning balance $ 795 $ 542 Provision for doubtful accounts 35 255 Charges against allowance (304 ) 0 Other (10 ) (2 ) Ending balance $ 516 $ 795 Activity with respect to our valuation allowance for deferred tax assets is summarized as follows: Fiscal Year Ended September 28, September 29, 2018 2017 Beginning balance $ 12,951 $ 12,602 Provisions (2,432 ) 349 Ending balance $ 10,519 $ 12,951 Activity with respect to our lease liabilities is summarized as follows: Fiscal Year Ended September 28, September 29, 2018 2017 Beginning balance $ 2,582 $ 3,160 Provisions 355 386 Accretion 196 175 Charges against allowance (1,075 ) (1,139 ) Ending balance $ 2,058 $ 2,582 |
Note 12 - Debt
Note 12 - Debt | 12 Months Ended |
Sep. 28, 2018 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 12. The Trust Line of Credit Agreement On June 29, 2018, $5.0 10 5% pari passu The principal amount of sums that are borrowed by the Company under the Credit Agreement may $1.00 $1.00 Immediately after the execution of the Credit Agreement, the Company borrowed an initial advance under the Credit Agreement in the amount of $2.0 may may $250,000 $1.0 not $1.0 no During the term of the Credit Agreement, the Company agreed to comply with certain covenants that relate to its financial performance and the conduct of the Company’s and its subsidiaries’ businesses. The covenant relating to the Company’s financial performance requires the Company to have EBITDA (as defined in the Credit Agreement) that is not $1.0 x may may The terms of the Credit Agreement provide for acceleration of the principal and accrued interest in an Event of Default, as defined in the Credit Agreement, which includes events such as (i) failure to timely pay the quarterly interest due; (ii) failure to timely pay a material liability where such default would reasonably be expected to have a material adverse effect on the Company; (iii) any acceleration of the Action Capital Line of Credit or any other default on any other indebtedness by the Company in excess of $500; not $500. September 28, 2018, 2019 not first 2019. September 28, 2018. Euston House Financing In connection with a lease assignment agreement entered into on August 15, 2017 two £0.5 $0.7 third 36 7.5%. may 36 one may one may Under the terms of the Euston Financing Agreements, the equipment and other materials for the Euston House Renovation were purchased from suppliers with 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 Euston Financing Agreement from and against losses, damage, claims and demands that a lender may Action Capital Financing Agreement On January 12, 2017, $3.0 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 September 28, 2018, not Fiscal Year Ended September 28, September 29, 2018 2017 Balance at beginning of period $ 532 $ 0 Additions: Euston House financing agreements 166 536 The Kevin Ross Gruneich Legacy Trust 2,000 0 Less: Capitalized Debt Issuance Cost (199 ) 0 1,967 536 Payments: Euston House financing agreements (211 ) (4 ) (211 ) (4 ) Foreign currency translation (15 ) 0 Balance at end of period $ 2,273 $ 532 Fiscal Year Ended September 28, September 29, 2018 2017 Current $ 2,223 $ 167 Long Term 50 365 $ 2,273 $ 532 |
Note 13 - Restructuring Activit
Note 13 - Restructuring Activity | 12 Months Ended |
Sep. 28, 2018 | |
Notes to Financial Statements | |
Restructuring and Related Activities Disclosure [Text Block] | 13. In September 2016, 81% no $1.9 420, Exit or Disposal Cost Obligation, March 2017, $0.4 second 2017. first 2018, $0.1 September 28, 2018, 40% On December 21, 2017, March 6, 2000, March 31, 2018. $0.2 first 2018. Additionally, in September 2018, $0.1 Fiscal Year Ended September 28, September 29, 2018 2017 Balance at beginning of period $ 2,582 $ 3,160 Additions: RTC cease-use charge 104 386 Toronto surrender agreement 160 0 UK warehouse facility 91 0 Accretion expense 196 175 551 561 Reductions: Payment on Toronto surrender agreement (160 ) 0 Rent payments net of deferred rent (915 ) (1,139 ) (1,075 ) (1,139 ) Balance at end of period $ 2,058 $ 2,582 Fiscal Year Ended September 28, September 29, 2018 2017 Current $ 1,033 $ 895 Long Term 1,025 1,687 $ 2,058 $ 2,582 As of September 28, 2018, |
Note 14 - Subsequent Events
Note 14 - Subsequent Events | 12 Months Ended |
Sep. 28, 2018 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 14. On October 1, 2018, $1.0 may On December 20, 2018, 1934, first 2019 300. We have determined that there are no |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Sep. 28, 2018 | |
Accounting Policies [Abstract] | |
Nature of Business [Policy Text Block] | a. Nature of the Business Learning Tree International, Inc. and subsidiaries (“the Company,” “we,” “us,” or “our”) develop, market, and deliver a broad, predominately 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, Sweden and Japan. Such course events are also conducted from specially equipped facilities, in hotel and conference facilities, and at customer sites throughout the world. Almost all 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 53 September. 2018 September 28, 2018, 2017 September 29, 2017. September 28, 2018, September 29, 2017, September 28, 2018 September 29, 2017. 2018 2017 52 Certain items in the fiscal year 2017 |
Basis of Accounting, Policy [Policy Text Block] | b. Basis of Presentation As of and for the fiscal year ended September 28, 2018, $13.9 2018 9.0% September 28, 2018, $4.7 $6.0 2019, To address the decline in revenues, we have been working to leverage resellers and other partner models to increase our sales reach, increasing the size of our sales teams, shortening the duration of some of our courses and partnering with certification organizations and other training providers to broaden and deepen the training products we offer. Our overall objective continues to be the reversal of the year-over-year declines in revenue we have experienced recently by stabilizing revenue from training offered to our clients at our Education Centers while growing revenue from enterprise clients through Workforce Optimization Solutions and other customized training products. We continued to reduce our operating expenses through a comprehensive cost reduction program initiated in fiscal year 2016. 2018 $2.0 2017, $10.7 2017 2016. $0.4 2018 2017 2018 $3.7 9.1% On January 12, 2017, $3.0 not 2017 2018. Additionally, during the third 2018, $5.0 June 29, 2018, $2.0 ten 10 12 The stabilization of revenues and continued reduction in costs are integral to our goal of achieving a break even operating income line and a positive cash flow from operations for fiscal year 2019. not not |
Consolidation, Policy [Policy Text Block] | c. Principles of Consolidation The accompanying consolidated financial statements include the accounts of Learning Tree International, Inc. and our subsidiaries. All intercompany accounts and transactions have been eliminated. The following is a list of our subsidiaries as of September 28, 2018: Learning Tree International USA, Inc. (U.S.) Learning Tree International, K.K. (Japan) Learning Tree International Ltd. (United Kingdom) Learning Tree International AB (Sweden) Learning Tree International Inc. (Canada) Advanced Technology Marketing, Inc. (U.S.) AnyWare Live, Inc. (U.S.) |
Revenue Recognition, Policy [Policy Text Block] | d. Revenue Recognition and Accounts Receivable Our revenues are primarily received from business entities and government agencies for the professional training of their employees. Course events range in length from one five three 52 53 five 52 53 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 courses over a one two We believe it is appropriate to recognize revenues on this basis in order to most closely match revenue and related costs, as a substantial number of Passport holders do not The average actual attendance rate for all expired Training Passports has closely approximated the estimated rate we utilize. Although we have seen no may not may no one two For Passport products for which historical utilization data is not not may 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 twelve twelve no For reseller partner courses, we record revenue net of the amount we pay the partner for providing the course and do not Trade accounts receivable are reduced by an allowance for amounts that may |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | e. Share-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 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 that 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, Compensation-Stock Compensation As share-based compensation expense recognized in the consolidated statements of operations and comprehensive loss is based on awards ultimately expected to vest, it has been reduced for estimated pre-vesting forfeitures. Forfeitures were estimated based on historical experience. |
In Process Research and Development, Policy [Policy Text Block] | f. Course Development Costs Course development costs are charged to operations in the period incurred. |
Advertising Costs, Policy [Policy Text Block] | g. Advertising Advertising costs are charged to expense in the period incurred. Advertising costs totaled $289 $234 2018 2017, |
Cash and Cash Equivalents, Policy [Policy Text Block] | h. Cash and Cash Equivalents and Interest-bearing Investments We consider highly liquid investments with remaining maturities of ninety Restricted interest-bearing investments at September 28, 2018 $732 562 $169 1,500 $587 $753 562 $188 1,535 $536 September 30, 2017. |
Selling, General and Administrative Expenses, Policy [Policy Text Block] | i. Marketing Expenses Marketing expenses for fiscal year 2018 2018 not 2018 2017 $1,714 $1,999 |
Property, Plant and Equipment, Preproduction Design and Development Costs [Policy Text Block] | j. 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 Leasehold improvements 20 years or the life of the lease, if shorter Depreciation and amortization expense totaled $1,333 $1,945 2018 2017, During fiscal year 2018, $0.2 third $0.5 2017. The fair value of a liability for an asset retirement obligation (“ARO”) 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 |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | k. 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 |
Revenue Recognition, Deferred Revenue [Policy Text Block] | l. 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] | m. Comprehensive loss We report comprehensive income (loss) in the consolidated statements of operations and comprehensive loss. Other comprehensive loss is comprised of foreign currency translation adjustments. At the end of fiscal year 2018, 1,018 877 2017. |
Income Tax, Policy [Policy Text Block] | n. Income Taxes We provide for income taxes under the provisions of Financial Accounting Standards Board (“FASB”) ASC 740, Income Taxes may not The tax effects of uncertain tax positions are recognized in the consolidated financial statements only if the position is more likely than not not 50% 740 10 |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | o. 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 consolidated statements of operations and comprehensive loss. 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 loss. To date, we have not |
Deferred Charges, Policy [Policy Text Block] | p. 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. |
Fair Value of Financial Instruments, Policy [Policy Text Block] | q. Fair Value of Financial Instruments The carrying values of cash and cash equivalents, restricted interest-bearing investments, accounts receivable, and accounts payable, and current portion of loan payable approximate their fair values because of the short-term nature of these instruments. The carrying value of the non-current portion of loan payable also approximates fair value since this loan substantially consist of the new financing agreement that was obtained during the current fiscal year as discussed in Note 12 |
Use of Estimates, Policy [Policy Text Block] | r. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) 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] | s . Recently Issued Accounting Pronouncements In May 2014, No. 2014 09, Revenue from Contracts with Customers (Topic 606 2014 09” 2014 09 five may August 2015, No. 2015 14 Revenue from Contracts with Customers (Topic 606 2015 14” 2014 09 one December 15, 2017, December 15, 2016). December 15, 2018. no December 15, 2016. 606 not 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 February 2016, No. 2016 02, Leases (Topic 842 2016 02” 12 December 15, 2018, September 28, 2019. In August 2016, No. 2016 15, Statement of Cash Flows (Topic 230 2016 15” December 15, 2017, September 29, 2018 September 29, 2018 not In November 2016, No. 2016 18, Statement of Cash Flows (Topic 230 2016 18” December 15, 2017, September 29, 2018 September 29, 2018 not In July 2017, No. 2017 11, “Earnings per share (Topic 260 480 815 2017 11” December 15, 2019, The Company has evaluated the conversion feature of the debt outstanding under the Credit Agreement and concluded that the down round provision of the Company’s conversion feature qualifies under ASU 2017 11’s 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 1 - Nature of the Busine_2
Note 1 - Nature of the Business and Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Sep. 28, 2018 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | Education and office equipment (years) 3 to 5 Transportation equipment (years) 4 Leasehold improvements 20 years or the life of the lease, if shorter |
Note 2 - Asset Retirement Obl_2
Note 2 - Asset Retirement Obligations (Tables) | 12 Months Ended |
Sep. 28, 2018 | |
Notes Tables | |
Schedule of Change in Asset Retirement Obligation [Table Text Block] | Year ended Year ended September 28, 2018 September 29, 2017 ARO balance, beginning of period $ 1,143 $ 1,369 Accretion expense 52 66 Settlement of ARO liability (254 ) (310 ) Foreign currency translation (25 ) 18 ARO balance, end of period $ 916 $ 1,143 |
Note 3 - Income Taxes (Tables)
Note 3 - Income Taxes (Tables) | 12 Months Ended |
Sep. 28, 2018 | |
Notes Tables | |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | Fiscal Year Ended September 28, 2018 September 29, 2017 Domestic $ (2,214 ) $ (1,335 ) Foreign 288 (328 ) Total $ (1,926 ) $ (1,663 ) |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Fiscal Year Ended September 28, 2018 September 29, 2017 Current tax provision: State $ 39 $ 113 Foreign 305 414 344 527 Deferred tax provision (benefit): U.S. Federal 4 50 Impact of TCJA (189 ) 0 Foreign (26 ) (103 ) (211 ) (53 ) Provision for income taxes $ 133 $ 474 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Fiscal Year Ended September 28, 2018 Effective Tax rate % September 29, 2017 Effective Tax rate % Income taxes at the U.S. statutory rate $ (473 ) 24.6 % $ (582 ) 35.0 % Equity compensation 22 (1.1 ) 16 (0.9 ) Subpart F 43 (2.2 ) 38 (2.3 ) Sec 956 inclusion 0 0.0 191 (11.5 ) Other permanent differences 839 (43.6 ) 267 (16.1 ) Effects of foreign taxes and tax credits (149 ) 7.7 47 (2.9 ) State income taxes 125 (6.5 ) 73 (4.4 ) Uncertain tax positions 280 (14.5 ) 343 (20.6 ) Change in valuation allowance (2,244 ) 116.5 349 (21.0 ) Change in rate 6 (0.3 ) (249 ) 15.0 Impact of 2017 Tax Cuts and Jobs Act 2,432 (126.3 ) 0 0.0 True-Up (650 ) 33.7 (15 ) 0.9 Other (98 ) 5.1 (4 ) 0.3 Total provision for income taxes $ 133 (6.9 )% $ 474 (28.5 )% |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | Fiscal Year Ended September 28, 2018 September 29, 2017 Domestic operations: Deferred tax assets: Deferred facilities rent charges $ 1,464 $ 2,544 Deferred revenue 338 579 Foreign tax credit carryforwards 253 132 Alternative minimum tax credit carryforwards 0 189 Accrued vacation 279 344 Equity compensation 59 83 Depreciation and amortization 99 1,986 Net operating loss 7,464 8,446 Capital loss 55 83 Allowance for bad debt 131 307 Related party payables and Subpart F 505 541 Other 0 140 Deferred tax liabilities: Prepaid expenses and other (129 ) (111 ) Undistributed earnings of foreign subsidiaries (70 ) (2,378 ) Domestic net deferred tax assets 10,448 12,885 Foreign operations: Deferred tax assets: Depreciation and other 518 505 Deferred tax liabilities: Depreciation and other (48 ) (52 ) Foreign net deferred tax assets 470 453 Domestic and foreign deferred tax assets 10,918 13,338 Valuation allowances (10,519 ) (12,951 ) Net deferred tax assets $ 399 $ 387 |
Schedule of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns Roll Forward [Table Text Block] | Fiscal Year Ended September 28, 2018 September 29, 2017 Balance, beginning of year $ 1,009 $ 713 Increases related to tax positions taken during the current period 147 296 Balance end of year $ 1,156 $ 1,009 |
Note 4 - Commitments and Cont_2
Note 4 - Commitments and Contingencies (Tables) | 12 Months Ended |
Sep. 28, 2018 | |
Notes Tables | |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Fiscal Year Ending Minimum Lease Payments Less Proceeds Net Lease Commitments 2019 $ 5,563 $ 561 $ 5,002 2020 4,933 583 4,350 2021 3,635 348 3,287 2022 2,366 0 2,366 2023 1,545 0 1,545 Thereafter 4,572 0 4,572 $ 22,614 $ 1,492 $ 21,122 |
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block] | Fiscal Year Ending Minimum Lease Payments 2019 116 2020 116 2021 102 Total minimum payments $ 334 Less amount representing interest (imputed weighted average capital lease annual interest rate of 9.1% for Equipment Lease and 7.67% for Software Lease) (40 ) Net minimum payments 294 Less Current Portion (94 ) Present Value of Minimum Payments, Less Current Portion $ 200 |
Note 6 - Share-based Compensa_2
Note 6 - Share-based Compensation (Tables) | 12 Months Ended |
Sep. 28, 2018 | |
Notes Tables | |
Share-based Compensation, Stock Options, Activity [Table Text Block] | Options Shares Weighted- Weighted- Contractual Term Aggregate Intrinsic Value Outstanding at September 30, 2016 850,000 $ 1.88 8.5 $ 0.00 Options granted 0 $ 0.00 Options exercised 0 $ 0.00 Options forfeited, expired and unearned (200,000 ) $ 3.85 $ 0.00 Outstanding at September 29, 2017 650,000 $ 1.28 8.0 $ 0.00 Options granted 125,000 $ 1.35 4.8 $ 0.00 Options exercised 0 $ 0.00 Options forfeited, expired and unearned 0 $ 0.00 Outstanding at September 28, 2018 775,000 $ 1.29 6.6 $ 0.00 Vested and expected to vest at September 28, 2018 770,653 $ 1.28 6.6 $ 0.00 Exercisable at September 28, 2018 350,000 $ 1.30 6.9 $ 0.00 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | 201 8 Expected dividend yield $ 0.00 Risk-free interest rate 2.68 % Expected option term (years) 3.3 Volatility 47.53 % Weighted-average fair value $ 0.27 |
Note 8 - Loss Per Share (Tables
Note 8 - Loss Per Share (Tables) | 12 Months Ended |
Sep. 28, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Fiscal Year Ended September 28, September 29, 2018 2017 Numerator: Net loss $ (2,059 ) $ (2,137 ) Denominator: Weighted average shares outstanding Basic 13,224 13,224 Effect of dilutive securities 0 0 Diluted 13,224 13,224 Loss per common share - basic and diluted: $ (0.16 ) $ (0.16 ) |
Note 9 - Operating Segment In_2
Note 9 - Operating Segment Information (Tables) | 12 Months Ended |
Sep. 28, 2018 | |
Notes Tables | |
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] | Fiscal Year Ended September 28, September 29, 2018 2017 Revenues: United States $ 38,918 $ 44,246 Canada 6,325 6,700 North America 45,243 50,946 United Kingdom 14,237 14,492 Sweden 2,417 2,920 Japan 2,421 2,305 Total $ 64,318 $ 70,663 Gross profit: United States $ 16,609 $ 20,259 Canada 2,968 2,827 North America 19,577 23,086 United Kingdom 5,138 4,172 Sweden 1,244 1,493 Japan 1,717 1,614 Total $ 27,676 $ 30,365 Depreciation and amortization: United States $ 619 $ 972 Canada 175 182 North America 794 1,154 United Kingdom 495 746 Sweden 37 42 Japan 7 3 Total $ 1,333 $ 1,945 |
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | Fiscal Year Ended September 28, September 29, 2018 2017 Total assets: United States $ 12,536 $ 13,239 Canada 1,658 2,349 North America 14,194 15,588 United Kingdom 5,749 6,944 Sweden 1,357 2,169 Japan 1,348 1,562 Total $ 22,648 $ 26,263 Long-lived assets: United States $ 2,786 $ 3,348 Canada 245 410 North America 3,031 3,758 United Kingdom 1,167 1,536 Sweden 42 80 Japan 76 67 Total $ 4,316 $ 5,441 Capital expenditures: United States $ 199 $ 23 Canada 42 13 North America 241 36 United Kingdom 38 4 Sweden 3 0 Japan 15 2 Total $ 297 $ 42 |
Note 10 - Deferred Facilities_2
Note 10 - Deferred Facilities Rent and Other (Tables) | 12 Months Ended |
Sep. 28, 2018 | |
Notes Tables | |
Schedule of Current Portion of Deferred Facilities Rent and Other [Table Text Block] | Fiscal Year Ended September 28, September 29, 2018 2017 Reston lease liability $ 942 $ 895 Deferred rent and other 426 412 UK warehouse facility 91 0 Capital lease obligations 94 86 $ 1,553 $ 1,393 |
Schedule of Long Term Portion of Deferred Facilities Rent and Other [Table Text Block] | Fiscal Year Ended September 28, September 29, 2018 2017 Deferred rent and other $ 3,033 $ 3,434 Reston lease liability 1,025 1,687 Capital lease obligations 200 294 $ 4,258 $ 5,415 |
Note 11- Valuation and Qualif_2
Note 11- Valuation and Qualifying Accounts (Tables) | 12 Months Ended |
Sep. 28, 2018 | |
Notes Tables | |
Valuation and Qualifying Accounts [Table Text Block] | Fiscal Year Ended September 28, September 29, 2018 2017 Beginning balance $ 795 $ 542 Provision for doubtful accounts 35 255 Charges against allowance (304 ) 0 Other (10 ) (2 ) Ending balance $ 516 $ 795 |
Summary of Valuation Allowance [Table Text Block] | Fiscal Year Ended September 28, September 29, 2018 2017 Beginning balance $ 12,951 $ 12,602 Provisions (2,432 ) 349 Ending balance $ 10,519 $ 12,951 |
Summary of Lease Liability [Table Text Block] | Fiscal Year Ended September 28, September 29, 2018 2017 Beginning balance $ 2,582 $ 3,160 Provisions 355 386 Accretion 196 175 Charges against allowance (1,075 ) (1,139 ) Ending balance $ 2,058 $ 2,582 |
Note 12 - Debt (Tables)
Note 12 - Debt (Tables) | 12 Months Ended |
Sep. 28, 2018 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | Fiscal Year Ended September 28, September 29, 2018 2017 Balance at beginning of period $ 532 $ 0 Additions: Euston House financing agreements 166 536 The Kevin Ross Gruneich Legacy Trust 2,000 0 Less: Capitalized Debt Issuance Cost (199 ) 0 1,967 536 Payments: Euston House financing agreements (211 ) (4 ) (211 ) (4 ) Foreign currency translation (15 ) 0 Balance at end of period $ 2,273 $ 532 Fiscal Year Ended September 28, September 29, 2018 2017 Current $ 2,223 $ 167 Long Term 50 365 $ 2,273 $ 532 |
Note 13 - Restructuring Activ_2
Note 13 - Restructuring Activity (Tables) | 12 Months Ended |
Sep. 28, 2018 | |
Notes Tables | |
Restructuring and Related Costs [Table Text Block] | Fiscal Year Ended September 28, September 29, 2018 2017 Balance at beginning of period $ 2,582 $ 3,160 Additions: RTC cease-use charge 104 386 Toronto surrender agreement 160 0 UK warehouse facility 91 0 Accretion expense 196 175 551 561 Reductions: Payment on Toronto surrender agreement (160 ) 0 Rent payments net of deferred rent (915 ) (1,139 ) (1,075 ) (1,139 ) Balance at end of period $ 2,058 $ 2,582 Fiscal Year Ended September 28, September 29, 2018 2017 Current $ 1,033 $ 895 Long Term 1,025 1,687 $ 2,058 $ 2,582 |
Note 1 - Nature of the Busine_3
Note 1 - Nature of the Business and Summary of Significant Accounting Policies (Details Textual) £ in Thousands, kr in Thousands | Jun. 29, 2018USD ($) | Sep. 28, 2018USD ($) | Sep. 29, 2017USD ($) | Sep. 28, 2018SEK (kr) | Sep. 28, 2018USD ($) | Sep. 28, 2018GBP (£) | Aug. 08, 2018USD ($) | Sep. 30, 2017SEK (kr) | Sep. 30, 2017USD ($) | Sep. 30, 2017GBP (£) | Jan. 12, 2017USD ($) | Sep. 30, 2016USD ($) |
Stockholders' Equity Attributable to Parent, Ending Balance | $ (11,822,000) | $ (13,916,000) | $ (9,789,000) | |||||||||
Revenue Declined Percentage | 9.00% | 9.00% | 9.00% | |||||||||
Cash and Cash Equivalents, at Carrying Value, Ending Balance | 5,080,000 | $ 4,732,000 | $ 8,540,000 | |||||||||
Expected Reduction in Overall Expenses | $ 2,000,000 | 10,700,000 | ||||||||||
Restructuring Charges, Total | 355,000 | 386,000 | ||||||||||
Reduction Cost Of Revenue, Amount | $ 3,700,000 | |||||||||||
Reduction in Cost of Revenues, Percentage | 9.10% | |||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 5,000,000 | |||||||||||
Proceeds from Long-term Lines of Credit | $ 2,000,000 | 0 | ||||||||||
Advertising Expense | 289,000 | 234,000 | ||||||||||
Marketing Expense | 1,714,000 | 1,999,000 | ||||||||||
Depreciation, Depletion and Amortization, Total | 1,333,000 | 1,945,000 | ||||||||||
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Total | (1,018,000) | (877,000) | ||||||||||
Leasehold Improvements [Member] | ||||||||||||
Property Plant and Equipment, Funded by Landlord | 500,000 | 200,000 | ||||||||||
Interest-bearing Deposits [Member] | UNITED KINGDOM | ||||||||||||
Restricted Cash and Cash Equivalents Pledged as Collateral | 732,000 | £ 562 | $ 753,000 | £ 562 | ||||||||
Interest-bearing Deposits [Member] | SWEDEN | ||||||||||||
Restricted Cash and Cash Equivalents Pledged as Collateral | kr 1,500 | 169,000 | kr 1,535 | 188,000 | ||||||||
Interest-bearing Deposits [Member] | UNITED STATES | ||||||||||||
Restricted Cash and Cash Equivalents Pledged as Collateral | 587,000 | $ 536,000 | ||||||||||
Costs Related To Excess Leased Real Estate Capacity Member | ||||||||||||
Restructuring Charges, Total | $ 400,000 | $ 400,000 | ||||||||||
Line of Credit [Member] | The Kevin Ross Gruneich Legacy Trust [Member] | ||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | 5,000,000 | $ 5,000,000 | ||||||||||
Proceeds from Long-term Lines of Credit | $ 2,000,000 | |||||||||||
Credit And AC Financing Agreement [Member] | Line of Credit [Member] | Action Capital And Kevin Ross Gruneich Legacy Trust Member | ||||||||||||
Line of Credit Facility, Remaining Borrowing Capacity | $ 6,000,000 | |||||||||||
Financing Agreement [Member] | Line of Credit [Member] | Action Capital [Member] | ||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 3,000,000 |
Note 1 - Nature of the Busine_4
Note 1 - Nature of the Business and Summary of Significant Accounting Policies - Equipment, Property and Leasehold Improvements Estimated Useful Life (Details) | 12 Months Ended |
Sep. 28, 2018 | |
Education and Office Equipment [Member] | Minimum [Member] | |
Property, plant, and equipment useful life (Year) | 3 years |
Education and Office Equipment [Member] | Maximum [Member] | |
Property, plant, and equipment useful life (Year) | 5 years |
Transportation Equipment [Member] | |
Property, plant, and equipment useful life (Year) | 4 years |
Leasehold Improvements [Member] | |
Property, plant, and equipment estimated useful life | 20 years or the life of the lease, if shorter |
Note 2 - Asset Retirement Obl_3
Note 2 - Asset Retirement Obligations - Liabilities Activity (Details) - USD ($) | 12 Months Ended | |
Sep. 28, 2018 | Sep. 29, 2017 | |
ARO balance, beginning of period | $ 1,143,000 | $ 1,369,000 |
Accretion expense | 52,000 | 66,000 |
Settlement of ARO liability | (254,000) | (310,000) |
Foreign currency translation | (25,000) | 18,000 |
ARO balance, end of period | $ 916,000 | $ 1,143,000 |
Note 3 - Income Taxes (Details
Note 3 - Income Taxes (Details Textual) - USD ($) | 12 Months Ended | ||
Sep. 28, 2018 | Sep. 29, 2017 | Nov. 30, 2017 | |
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount | $ 3,100,000 | ||
Tax Cuts and Jobs Act of 2017, Transition Tax for Accumulated Foreign Earnings, Income Tax Expense (Benefit) | 0 | ||
Undistributed Earnings of Foreign Subsidiaries | 0 | $ 6,606,000 | $ 6,600,000 |
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability | $ 189,000 | ||
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax | $ 189,000 | ||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 24.60% | 35.00% | |
Effective Income Tax Rate Reconciliation, Percent, Total | (6.90%) | (28.50%) | |
Effective Income Tax Rate Reconciliation, Revaluation of Net Deferred Tax Assets and Valuation Allowance, Percent | 20.60% | ||
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Percent | 8.70% | ||
Deferred Tax Assets, Tax Credit Carryforwards, Foreign | $ 253,000 | $ 132,000 | |
Recognized Expense Attributable to Interest for Uncertain Tax Positions | 107,000 | ||
Unrecognized Tax Benefits, Interest on Income Taxes Accrued | $ 1,616,000 | ||
Open Tax Year | 2011 2012 2013 2014 2015 2016 2017 | ||
Release of Uncertain Tax Positions [Member] | |||
Unrecognized Tax Benefits, Interest on Income Taxes Accrued | $ 944,000 | 843,000 | |
Domestic Tax Authority [Member] | |||
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax | 0 | 189,000 | |
Operating Loss Carryforwards, Total | 27,473,000 | 20,294,000 | |
Deferred Tax Assets, Tax Credit Carryforwards, Foreign | 253,000 | 132,000 | |
Deferred Tax Liabilities, Net, Total | 0 | 2,312,000 | |
Foreign Tax Authority [Member] | |||
Deferred Tax Liabilities, Net, Total | $ 70,000 | $ 66,000 |
Note 3 - Income Taxes - Income
Note 3 - Income Taxes - Income (Loss) Before Provision for Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 28, 2018 | Sep. 29, 2017 | |
Domestic | $ (2,214) | $ (1,335) |
Foreign | 288 | (328) |
Total | $ (1,926) | $ (1,663) |
Note 3 - Income Taxes - Compone
Note 3 - Income Taxes - Components of Provision (Benefit) for Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 28, 2018 | Sep. 29, 2017 | |
Current tax provision: | ||
State | $ 39 | $ 113 |
Foreign | 305 | 414 |
Current tax provision (benefit) | 344 | 527 |
Deferred tax provision (benefit): | ||
U.S. Federal | 4 | 50 |
Impact of TCJA | (189) | 0 |
Foreign | (26) | (103) |
Deferred tax provision | (211) | (53) |
Provision for income taxes | $ 133 | $ 474 |
Note 3 - Income Taxes - Reconci
Note 3 - Income Taxes - Reconciliation of the Provision for Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 28, 2018 | Sep. 29, 2017 | |
Income taxes at the U.S. statutory rate | $ (473) | $ (582) |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 24.60% | 35.00% |
Equity compensation | $ 22 | $ 16 |
Equity compensation, effective tax rate | (1.10%) | (0.90%) |
Subpart F | $ 43 | $ 38 |
Subpart F, effective tax rate | (2.20%) | (2.30%) |
Sec 956 inclusion | $ 0 | $ 191 |
Sec 956 inclusion, effective tax rate | 0.00% | (11.50%) |
Other permanent differences | $ 839 | $ 267 |
Other permanent differences, effective tax rate | (43.60%) | (16.10%) |
Effects of foreign taxes and tax credits | $ (149) | $ 47 |
Effects of foreign taxes and tax credits, effective tax rate | 7.70% | (2.90%) |
State income taxes | $ 125 | $ 73 |
State income taxes, effective tax rate | (6.50%) | (4.40%) |
Uncertain tax positions | $ 280 | $ 343 |
Uncertain tax positions, effective tax rate | (14.50%) | (20.60%) |
Change in valuation allowance | $ (2,244) | $ 349 |
Change in valuation allowance, effective tax rate | 116.50% | (21.00%) |
Change in rate | $ 6 | $ (249) |
Change in rate, effective tax rate | (0.30%) | 15.00% |
Impact of 2017 Tax Cuts and Jobs Act | $ 2,432 | $ 0 |
Impact of 2017 Tax Cuts and Jobs Act, effective tax rate | (126.30%) | 0.00% |
True-Up | $ (650) | $ (15) |
True-Up, effective tax rate | 33.70% | 0.90% |
Other | $ (98) | $ (4) |
Other, effective tax rate | 5.10% | 0.30% |
Provision for income taxes | $ 133 | $ 474 |
Total provision for income taxes, effective tax rate | (6.90%) | (28.50%) |
Note 3 - Income Taxes - Deferre
Note 3 - Income Taxes - Deferred Income Tax Assets and Liabilities (Details) - USD ($) | Sep. 28, 2018 | Sep. 29, 2017 |
Deferred tax assets: | ||
Foreign tax credit carryforwards | $ 253,000 | $ 132,000 |
Alternative minimum tax credit carryforwards | 189,000 | |
Deferred tax liabilities: | ||
Foreign net deferred tax assets | 10,918,000 | 13,338,000 |
Domestic and foreign deferred tax assets | 10,918,000 | 13,338,000 |
Valuation allowances | (10,519,000) | (12,951,000) |
Net deferred tax assets | 399,000 | 387,000 |
Domestic Tax Authority [Member] | ||
Deferred tax assets: | ||
Deferred facilities rent charges | 1,464,000 | 2,544,000 |
Deferred revenue | 338,000 | 579,000 |
Foreign tax credit carryforwards | 253,000 | 132,000 |
Alternative minimum tax credit carryforwards | 0 | 189,000 |
Accrued vacation | 279,000 | 344,000 |
Equity compensation | 59,000 | 83,000 |
Depreciation and amortization | 99,000 | 1,986,000 |
Net operating loss | 7,464,000 | 8,446,000 |
Capital loss | 55,000 | 83,000 |
Allowance for bad debt | 131,000 | 307,000 |
Related party payables and Subpart F | 505,000 | 541,000 |
Other - deferred tax liability | 0 | |
Other - deferred tax asset | 140,000 | |
Deferred tax liabilities: | ||
Prepaid expenses and other | (129,000) | (111,000) |
Undistributed earnings of foreign subsidiaries | (70,000) | (2,378,000) |
Domestic net deferred tax assets | 10,448,000 | 12,885,000 |
Foreign Tax Authority [Member] | ||
Deferred tax assets: | ||
Depreciation and other | 518,000 | 505,000 |
Deferred tax liabilities: | ||
Depreciation and other | (48,000) | (52,000) |
Foreign net deferred tax assets | 470,000 | 453,000 |
Domestic and foreign deferred tax assets | $ 470,000 | $ 453,000 |
Note 3 - Income Taxes - Aggrega
Note 3 - Income Taxes - Aggregate Change in The Balance of Gross Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 28, 2018 | Sep. 29, 2017 | |
Balance, beginning of year | $ 1,009 | $ 713 |
Increases related to tax positions taken during the current period | 147 | 296 |
Balance end of year | $ 1,156 | $ 1,009 |
Note 4 - Commitments and Cont_3
Note 4 - Commitments and Contingencies (Details Textual) £ in Thousands, $ in Thousands | Oct. 12, 2017USD ($) | Oct. 12, 2017GBP (£) | Sep. 28, 2018USD ($)ft² | Sep. 29, 2017USD ($)ft² | Mar. 30, 2018a | Oct. 27, 2017ft² | Nov. 14, 2012USD ($) | Nov. 14, 2012GBP (£) | Nov. 04, 2012GBP (£) |
Operating Leases, Rent Expense, Total | $ | $ 4,893 | $ 6,475 | |||||||
Laxton Properties Limited [Member] | |||||||||
Proceeds from Deposits with Other Institutions | $ 1,174 | £ 876 | |||||||
New York City Facility [Member] | |||||||||
Number of Classrooms | 10 | ||||||||
Alexandria, VA Facility [Member] | |||||||||
Number of Classrooms | 7 | ||||||||
Area of Real Estate Property | 8,060 | 14,037 | |||||||
Rockville, MD Facility [Member] | |||||||||
Number of Classrooms | 5 | 11 | 5 | ||||||
Area of Real Estate Property | 25,976 | 7,011 | |||||||
Toronto And Canada Education Center [Member] | |||||||||
Area of Real Estate Property | a | 17,207 | ||||||||
Four Classrooms Lease In Toronto [Member] | |||||||||
Number of Classrooms | 4 | ||||||||
First Floor [Member] | Laxton Properties Limited [Member] | |||||||||
Aggregate Annual Minimum Rent of Leases | $ 489 | £ 365 | |||||||
Second Floor [Member] | Laxton Properties Limited [Member] | |||||||||
Aggregate Annual Minimum Rent of Leases | $ 490 | £ 366 | |||||||
Euston House [Member] | Leasehold Improvements [Member] | |||||||||
Property, Plant and Equipment, Additions | $ 703 | £ 525 |
Note 4 - Commitments and Cont_4
Note 4 - Commitments and Contingencies - Future Minimum Lease Payments (Details) $ in Thousands | Sep. 28, 2018USD ($) |
Minimum Lease Payments, 2019 | $ 5,563 |
Less Sublease Proceeds, 2019 | 561 |
Net Lease Commitments, 2019 | 5,002 |
Minimum Lease Payments, 2020 | 4,933 |
Less Sublease Proceeds, 2020 | 583 |
Net Lease Commitments, 2020 | 4,350 |
Minimum Lease Payments, 2021 | 3,635 |
Less Sublease Proceeds, 2021 | 348 |
Net Lease Commitments, 2021 | 3,287 |
Minimum Lease Payments, 2022 | 2,366 |
Less Sublease Proceeds, 2022 | 0 |
Net Lease Commitments, 2022 | 2,366 |
Minimum Lease Payments, 2023 | 1,545 |
Less Sublease Proceeds, 2023 | 0 |
Net Lease Commitments, 2013 | 1,545 |
Minimum Lease Payments, Thereafter | 4,572 |
Less Sublease Proceeds, Thereafter | 0 |
Net Lease Commitments, Thereafter | 4,572 |
Minimum Lease Payments | 22,614 |
Less Sublease Proceeds | 1,492 |
Net Lease Commitments | $ 21,122 |
Note 4 - Commitments and Cont_5
Note 4 - Commitments and Contingencies - Future Minimum Capital Lease Payments (Details) - USD ($) $ in Thousands | Sep. 28, 2018 | Sep. 29, 2017 |
2,019 | $ 116 | |
2,020 | 116 | |
2,021 | 102 | |
Total minimum payments | 334 | |
Less amount representing interest (imputed weighted average capital lease annual interest rate of 9.1% for Equipment Lease and 7.67% for Software Lease) | (40) | |
Net minimum payments | 294 | |
Less Current Portion | (94) | $ (86) |
Present Value of Minimum Payments, Less Current Portion | $ 200 | $ 294 |
Note 4 - Commitments and Cont_6
Note 4 - Commitments and Contingencies - Future Minimum Capital Lease Payments (Details) (Parentheticals) - Weighted Average [Member] | Sep. 28, 2018 |
Equipment [Member] | |
Weighted average interest rate | 9.10% |
Printer Software [Member] | |
Weighted average interest rate | 7.67% |
Note 5 - Stockholders' Equity (
Note 5 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions | 12 Months Ended | ||
Sep. 28, 2018 | Sep. 29, 2017 | Jun. 29, 2018 | |
Treasury Stock, Shares, Acquired | 0 | 0 | |
Line of Credit Facility, Maximum Borrowing Capacity | $ 5 | ||
Credit Agreement [Member] | |||
Debt Instrument, Convertible, Conversion Price | $ 1 |
Note 6 - Share-based Compensa_3
Note 6 - Share-based Compensation (Details Textual) - USD ($) | Apr. 17, 2018 | Sep. 28, 2018 | Sep. 29, 2017 | Sep. 30, 2016 | Sep. 29, 2007 | Jan. 23, 2007 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 6 years 219 days | 8 years | 8 years 182 days | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 125,000 | 0 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0.00% | |||||
Employee Stock Option [Member] | ||||||
Allocated Share-based Compensation Expense, Total | $ 106,000 | $ 99,000 | ||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | $ 119 | |||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 3 years | |||||
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense | $ 0 | $ 0 | ||||
Restricted Stock Units (RSUs) [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number, Ending Balance | 0 | 0 | ||||
Chief Executive Officer [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 300,000 | |||||
Equity Incentive Plan 2018 [Member] | ||||||
Share Based Compensation Arrangement By Share Based Payment Award, Annual Number Of Shares Per Participant | $ 600,000 | |||||
Share Based Compensation Arrangement By Share Based Payment Award, Number Of Shares Per Participant, Total | 150,000 | |||||
Equity Incentive Plan 2007 [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 350,000 | 1,000,000 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 10 years | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0.00% | |||||
Equity Incentive Plan 2007 [Member] | Non Employee Director [Member] | ||||||
Share Based Compensation Arrangement By Share Based Payment Award, Annual Award Value Per Participant | $ 50,000 |
Note 6 - Stock-based Compensati
Note 6 - Stock-based Compensation - Option Activity (Details) - USD ($) | 12 Months Ended | ||
Sep. 28, 2018 | Sep. 29, 2017 | Sep. 30, 2016 | |
Options outstanding (in shares) | 650,000 | 850,000 | |
Options outstanding, weighted average exercise price (in dollars per share) | $ 1.28 | $ 1.88 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 6 years 219 days | 8 years | 8 years 182 days |
Options outstanding, aggregate intrinsic value | $ 0 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 125,000 | 0 | |
Options granted, weighted average exercise price (in dollars per share) | $ 1.35 | $ 0 | |
Options granted, weighted average remaining contractual term (Year) | 4 years 292 days | ||
Options granted, aggregate intrinsic value | |||
Options exercised (in shares) | 0 | 0 | |
Options exercised, weighted average exercise price (in dollars per share) | $ 0 | $ 0 | |
Options forfeited, expired and unearned (in shares) | 0 | (200,000) | |
Options forfeited, expired and unearned, weighted average exercise price (in dollars per share) | $ 0 | $ 3.85 | |
Options outstanding (in shares) | 775,000 | 650,000 | 850,000 |
Options outstanding, weighted average exercise price (in dollars per share) | $ 1.29 | $ 1.28 | $ 1.88 |
Options outstanding, aggregate intrinsic value | $ 0 | $ 0 | |
Vested and expected to vest at September 28, 2018 (in shares) | 770,653 | ||
Vested and expected to vest, weighted average exercise price (in dollars per share) | $ 1.28 | ||
Vested and expected to vest, weighted average remaining contractual term (Year) | 6 years 219 days | ||
Vested and expected to vest, aggregate intrinsic value | $ 0 | ||
Exercisable at September 28, 2018 (in shares) | 350,000 | ||
Exercisable, weighted average exercise price (in dollars per share) | $ 1.30 | ||
Exercisable, weighted average remaining contractual term (Year) | 6 years 328 days | ||
Exercisable, aggregate intrinsic value | $ 0 |
Note 6 - Share-based Compensa_4
Note 6 - Share-based Compensation - Weighted-average Assumptions (Details) | 12 Months Ended |
Sep. 28, 2018$ / shares | |
Expected dividend yield | 0.00% |
Risk-free interest rate | 2.68% |
Expected option term (Year) | 3 years 109 days |
Volatility | 47.53% |
Weighted-average fair value (in dollars per share) | $ 0.27 |
Note 7 - Employee Benefit Pla_2
Note 7 - Employee Benefit Plans (Details Textual) - The Learning Tree International 401K Plan [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 28, 2018 | Sep. 29, 2017 | |
Defined Contribution Plan Employer Contribution as Percentage of Employee Contribution | 30.00% | |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 6.00% | |
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 183 | $ 177 |
Defined Contribution Plan Forfeitures | 26 | 49 |
Defined Contribution Plan, Cost | $ 324 | $ 361 |
Note 8 - Loss Per Share (Detail
Note 8 - Loss Per Share (Details Textual) - USD ($) $ in Millions | 12 Months Ended | |
Sep. 28, 2018 | Sep. 29, 2017 | |
Convertible Debt, Total | $ 2 | |
Employee Stock Option [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 775,000 | 650,000 |
Convertible Debt Securities [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2,000,000 |
Note 8 - Loss Per Share - Basic
Note 8 - Loss Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | |
Sep. 28, 2018 | Sep. 29, 2017 | |
Numerator: | ||
Net loss | $ (2,059) | $ (2,137) |
Denominator: | ||
Basic (in shares) | 13,224 | 13,224 |
Effect of dilutive securities (in shares) | 0 | 0 |
Diluted (in shares) | 13,224 | 13,224 |
Loss per common share - basic and diluted: (in dollars per share) | $ (0.16) | $ (0.16) |
Note 9 - Operating Segment In_3
Note 9 - Operating Segment Information (Details Textual) xbrli-pure in Thousands, $ in Thousands | 12 Months Ended | |
Sep. 28, 2018USD ($) | Sep. 29, 2017USD ($) | |
Revenues, Total | $ 64,318 | $ 70,663 |
Intersegment Sales [Member] | ||
Revenues, Total | $ 3,568 | $ 4,523 |
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | ||
Number of Major Customers | 0 | 0 |
Note 9 - Operating Segment In_4
Note 9 - Operating Segment Information - Financial Information by Reportable Segment, Income Statement (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 28, 2018 | Sep. 29, 2017 | |
Revenues: | ||
Revenues, Total | $ 64,318 | $ 70,663 |
Gross profit: | ||
Gross Profit | 27,676 | 30,365 |
Depreciation and amortization: | ||
Depreciation, Depletion and Amortization, Total | 1,333 | 1,945 |
UNITED STATES | Continuing Operations [Member] | ||
Revenues: | ||
Revenues, Total | 38,918 | 44,246 |
Gross profit: | ||
Gross Profit | 16,609 | 20,259 |
Depreciation and amortization: | ||
Depreciation, Depletion and Amortization, Total | 619 | 972 |
CANADA | Continuing Operations [Member] | ||
Revenues: | ||
Revenues, Total | 6,325 | 6,700 |
Gross profit: | ||
Gross Profit | 2,968 | 2,827 |
Depreciation and amortization: | ||
Depreciation, Depletion and Amortization, Total | 175 | 182 |
North America [Member] | Continuing Operations [Member] | ||
Revenues: | ||
Revenues, Total | 45,243 | 50,946 |
Gross profit: | ||
Gross Profit | 19,577 | 23,086 |
Depreciation and amortization: | ||
Depreciation, Depletion and Amortization, Total | 794 | 1,154 |
UNITED KINGDOM | Continuing Operations [Member] | ||
Revenues: | ||
Revenues, Total | 14,237 | 14,492 |
Gross profit: | ||
Gross Profit | 5,138 | 4,172 |
Depreciation and amortization: | ||
Depreciation, Depletion and Amortization, Total | 495 | 746 |
SWEDEN | Continuing Operations [Member] | ||
Revenues: | ||
Revenues, Total | 2,417 | 2,920 |
Gross profit: | ||
Gross Profit | 1,244 | 1,493 |
Depreciation and amortization: | ||
Depreciation, Depletion and Amortization, Total | 37 | 42 |
JAPAN | Continuing Operations [Member] | ||
Revenues: | ||
Revenues, Total | 2,421 | 2,305 |
Gross profit: | ||
Gross Profit | 1,717 | 1,614 |
Depreciation and amortization: | ||
Depreciation, Depletion and Amortization, Total | $ 7 | $ 3 |
Note 9 - Operating Segment In_5
Note 9 - Operating Segment Information - Financial Information by Reportable Segment, Balance Sheet (Details) - USD ($) | 12 Months Ended | |
Sep. 28, 2018 | Sep. 29, 2017 | |
Assets | ||
Assets | $ 22,648,000 | $ 26,263,000 |
Long-lived assets: | ||
Long-lived assets | 4,316,000 | 5,441,000 |
Capital expenditures: | ||
Capital expenditure | 297,000 | 42,000 |
UNITED STATES | Continuing Operations [Member] | ||
Assets | ||
Assets | 12,536,000 | 13,239,000 |
Long-lived assets: | ||
Long-lived assets | 2,786,000 | 3,348,000 |
Capital expenditures: | ||
Capital expenditure | 199,000 | 23,000 |
CANADA | Continuing Operations [Member] | ||
Assets | ||
Assets | 1,658,000 | 2,349,000 |
Long-lived assets: | ||
Long-lived assets | 245,000 | 410,000 |
Capital expenditures: | ||
Capital expenditure | 42,000 | 13,000 |
North America [Member] | Continuing Operations [Member] | ||
Assets | ||
Assets | 14,194,000 | 15,588,000 |
Long-lived assets: | ||
Long-lived assets | 3,031,000 | 3,758,000 |
Capital expenditures: | ||
Capital expenditure | 241,000 | 36,000 |
UNITED KINGDOM | Continuing Operations [Member] | ||
Assets | ||
Assets | 5,749,000 | 6,944,000 |
Long-lived assets: | ||
Long-lived assets | 1,167,000 | 1,536,000 |
Capital expenditures: | ||
Capital expenditure | 38,000 | 4,000 |
SWEDEN | Continuing Operations [Member] | ||
Assets | ||
Assets | 1,357,000 | 2,169,000 |
Long-lived assets: | ||
Long-lived assets | 42,000 | 80,000 |
Capital expenditures: | ||
Capital expenditure | 3,000 | 0 |
JAPAN | Continuing Operations [Member] | ||
Assets | ||
Assets | 1,348,000 | 1,562,000 |
Long-lived assets: | ||
Long-lived assets | 76,000 | 67,000 |
Capital expenditures: | ||
Capital expenditure | $ 15,000 | $ 2,000 |
Note 10 - Deferred Facilities_3
Note 10 - Deferred Facilities Rent and Other - Current Portion of Deferred Facilities Rent and Other (Details) - USD ($) $ in Thousands | Sep. 28, 2018 | Sep. 29, 2017 |
Reston lease liability | $ 1,033 | $ 895 |
Deferred rent and other | 426 | 412 |
Capital lease obligations | 94 | 86 |
Current portion | 1,553 | 1,393 |
Surrender of UK Warehouse Facility [Member] | ||
Reston lease liability | 942 | 895 |
UK warehouse facility | $ 91 | $ 0 |
Note 10 - Deferred Facilities_4
Note 10 - Deferred Facilities Rent and Other - Deferred Facilities Rent and Other (Details) - USD ($) $ in Thousands | Sep. 28, 2018 | Sep. 29, 2017 |
Deferred rent and other | $ 3,033 | $ 3,434 |
Present Value of Minimum Payments, Less Current Portion | 200 | 294 |
Deferred | 4,258 | 5,415 |
Reston [Member] | ||
Reston lease liability | $ 1,025 | $ 1,687 |
Note 11 - Valuation and Qualify
Note 11 - Valuation and Qualifying Accounts - Summary of Valuation and Qualifying Accounts (Details) - SEC Schedule, 12-09, Allowance, Credit Loss [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 28, 2018 | Sep. 29, 2017 | |
Beginning balance | $ 795 | $ 542 |
Provision for doubtful accounts | 35 | 255 |
Charges against allowance | (304) | 0 |
Other | (10) | (2) |
Ending balance | $ 516 | $ 795 |
Note 11 - Valuation and Quali_2
Note 11 - Valuation and Qualifying Accounts - Valuation Allowance for Deferred Tax Assets Activity (Details) - SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 28, 2018 | Sep. 29, 2017 | |
Beginning balance | $ 12,951 | $ 12,602 |
Provisions | (2,432) | 349 |
Ending balance | $ 10,519 | $ 12,951 |
Note 11 - Valuation and Quali_3
Note 11 - Valuation and Qualifying Accounts - Los Angeles Lease Liability (Details) - Los Angeles Lease Liability [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Sep. 28, 2018 | Sep. 29, 2017 | |
Beginning balance | $ 2,582 | $ 3,160 |
Provision for doubtful accounts | 355 | 386 |
Accretion | 196 | 175 |
Charges against allowance | (1,075) | (1,139) |
Ending balance | $ 2,058 | $ 2,582 |
Note 12 - Debt (Details Textual
Note 12 - Debt (Details Textual) $ / shares in Units, € in Millions | Jun. 29, 2018USD ($)$ / shares | Jan. 12, 2017USD ($) | Sep. 28, 2018USD ($) | Sep. 28, 2018EUR (€) | Sep. 29, 2017USD ($) | Aug. 08, 2018USD ($) |
Line of Credit Facility, Maximum Borrowing Capacity | $ 5,000,000 | |||||
Proceeds from Long-term Lines of Credit | $ 2,000,000 | $ 0 | ||||
Renovation Cost | $ 700,000 | € 0.5 | ||||
Financing Agreement [Member] | ||||||
Debt Instrument, Term | 3 years | 3 years | ||||
Debt Instrument, Interest Rate, Stated Percentage | 7.50% | |||||
The Kevin Ross Gruneich Legacy Trust [Member] | Line of Credit [Member] | ||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 5,000,000 | $ 5,000,000 | ||||
Debt Instrument, Term | 10 years | |||||
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | |||||
Debt Instrument, Convertible, Conversion Price | $ / shares | $ 1 | |||||
Proceeds from Long-term Lines of Credit | $ 2,000,000 | |||||
Line of Credit Facility, Borrowing Increment | 250,000 | |||||
Line of Credit Facility, Maximum Borrowing Capacity per Quarter | 1,000,000 | |||||
Debt Covenant, Minimum EBITDA | (1,000,000) | |||||
Line of Credit Facility, Threshold of Default on Other Debt that Would Result in Default | 500,000 | |||||
Line of Credit Facility, Threshold of Unfavorable Judgement Order that Would Result in Default | $ 500,000 | |||||
Action Capital [Member] | Line of Credit [Member] | Financing Agreement [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, Total | $ 0 | |||||
Action Capital [Member] | Line of Credit [Member] | Financing Agreement [Member] | Prime Rate [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 1.75% |
Note 12 - Debt - Schedule of De
Note 12 - Debt - Schedule of Debt (Details) - USD ($) | 12 Months Ended | |||
Sep. 28, 2018 | Sep. 29, 2017 | Sep. 28, 2018 | Sep. 29, 2017 | |
Payments for debt issuance cost | $ (204,000) | $ 0 | ||
Payments | (206,000) | (9,000) | ||
Current | $ 2,223,000 | $ 167,000 | ||
Long Term | 50,000 | 365,000 | ||
Financing Agreement and Kevin Ross Gruneich Legacy Trust Facility [Member] | ||||
Balance at beginning of period | 532,000 | 0 | ||
Additions, total | 1,967,000 | 536,000 | ||
Payments | (211,000) | (4,000) | ||
Foreign currency translation | (15,000) | 0 | ||
Balance at end of period | 2,273,000 | 532,000 | ||
Current | 2,223,000 | 167,000 | ||
Long Term | 50,000 | 365,000 | ||
Long term debt, total | 532,000 | 532,000 | $ 2,273,000 | $ 532,000 |
Financing Agreement [Member] | ||||
Additions, proceeds from debt | 166,000 | 536,000 | ||
Payments | (211,000) | (4,000) | ||
The Kevin Ross Gruneich Legacy Trust Facility [Member] | ||||
Additions, proceeds from debt | 2,000,000 | 0 | ||
Payments for debt issuance cost | $ (199,000) | $ 0 |
Note 13 - Restructuring Activ_3
Note 13 - Restructuring Activity (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||||
Sep. 28, 2018 | Dec. 29, 2017 | Sep. 30, 2016 | May 08, 2018 | Mar. 31, 2017 | Sep. 28, 2018 | Sep. 29, 2017 | Jun. 29, 2018 | |
Restructuring Charges, Total | $ 355,000 | $ 386,000 | ||||||
Contract Termination [Member] | Lease Amending Agreement Surrender Agreement [Member] | ||||||||
Restructuring Charges, Total | $ 200,000 | |||||||
Reston Town Center Facility [Member] | ||||||||
Restructuring and Related Activities, Renewed Sublease Surplus Space | 81.00% | |||||||
Restructuring Charges, Total | $ 100,000 | $ 1,900,000 | $ 400,000 | |||||
Subleased Surplus Space, Percentage | 40.00% | |||||||
Surrender of UK Warehouse Facility [Member] | Contract Termination [Member] | ||||||||
Restructuring Charges, Total | $ 100,000 |
Note 13 - Restructuring Activ_4
Note 13 - Restructuring Activity - Restructuring Activity (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Sep. 28, 2018 | Sep. 29, 2017 | Sep. 28, 2018 | Sep. 29, 2017 | |
Balance at beginning of period | $ 2,582 | $ 3,160 | ||
Additions: | ||||
Additions to restructuring reserve | 551 | 561 | ||
Reductions: | ||||
Reductions to restructuring reserve | (1,075) | (1,139) | ||
Balance at end of period | 2,058 | 2,582 | ||
Current | $ 1,033 | $ 895 | ||
Long Term | 1,025 | 1,687 | ||
Restructuring reserve, total | 2,582 | 2,582 | 2,058 | 2,582 |
RTC Cease-Use Charge [Member] | Facility Closing [Member] | ||||
Additions: | ||||
Additions to restructuring reserve | 104 | 386 | ||
Lease Amending Agreement Surrender Agreement [Member] | Contract Termination [Member] | ||||
Additions: | ||||
Additions to restructuring reserve | 160 | 0 | ||
Reductions: | ||||
Reductions to restructuring reserve | (160) | 0 | ||
Surrender of UK Warehouse Facility [Member] | ||||
Reductions: | ||||
Current | $ 942 | $ 895 | ||
Surrender of UK Warehouse Facility [Member] | Contract Termination [Member] | ||||
Additions: | ||||
Additions to restructuring reserve | 91 | 0 | ||
Accretion Expense 1 [Member] | Facility Closing [Member] | ||||
Additions: | ||||
Additions to restructuring reserve | 196 | 175 | ||
Rent Payments [Member] | Facility Closing [Member] | ||||
Reductions: | ||||
Reductions to restructuring reserve | $ (915) | $ (1,139) |
Note 14 - Subsequent Events (De
Note 14 - Subsequent Events (Details Textual) | Oct. 01, 2018USD ($) | Jun. 29, 2018USD ($) | Sep. 28, 2018USD ($) | Sep. 29, 2017USD ($) | Sep. 29, 2018 |
Proceeds from Long-term Lines of Credit | $ 2,000,000 | $ 0 | |||
Subsequent Event [Member] | Maximum [Member] | |||||
Number of Shareholders of Common Stock | 300 | ||||
The Kevin Ross Gruneich Legacy Trust [Member] | Line of Credit [Member] | |||||
Proceeds from Long-term Lines of Credit | $ 2,000,000 | ||||
The Kevin Ross Gruneich Legacy Trust [Member] | Line of Credit [Member] | Subsequent Event [Member] | |||||
Proceeds from Long-term Lines of Credit | $ 1,000,000 |