Insteel Industries (IIIN) 10-Q 16 Jan 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Dec. 28, 2013	Jan. 15, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'INSTEEL INDUSTRIES INC	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--09-28	'
Entity Common Stock, Shares Outstanding	'	18,211,194
Amendment Flag	'false	'
Entity Central Index Key	'0000764401	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Accelerated Filer	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	28-Dec-13	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 28, 2013	Dec. 29, 2012
Net sales	$87,218	$85,887
Cost of sales	78,163	77,294
Gross profit	9,055	8,593
Selling, general and administrative expense	4,705	4,842
Other income, net	-32	0
Interest expense	56	72
Interest income	-5	0
Earnings before income taxes	4,331	3,679
Income taxes	1,584	1,277
Net earnings	2,747	2,402
Net earnings per share:	'	'
Basic (in Dollars per share)	$0.15	$0.14
Diluted (in Dollars per share)	$0.15	$0.13
Weighted average shares outstanding:	'	'
Basic (in Shares)	18,189	17,724
Diluted (in Shares)	18,587	18,088
Cash dividends declared per share (in Dollars per share)	$0.03	$0.28
Comprehensive income	$2,747	$2,402

Consolidated_Balance_Sheets_Cu

Consolidated Balance Sheets (Current Period Unaudited) (USD $)	Dec. 28, 2013	Sep. 28, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$18,985	$15,440
Accounts receivable, net	33,754	41,110
Inventories, net	70,026	58,793
Other current assets	4,804	5,863
Total current assets	127,569	121,206
Property, plant and equipment, net	83,447	83,053
Other assets	8,379	8,390
Total assets	219,395	212,649
Current liabilities:	'	'
Accounts payable	34,861	30,561
Accrued expenses	6,696	6,854
Total current liabilities	41,557	37,415
Other liabilities	14,349	14,178
Commitments and contingencies	'	'
Shareholders' equity:	'	'
Common stock	18,202	18,185
Additional paid-in capital	55,667	55,452
Retained earnings	91,182	88,981
Accumulated other comprehensive loss	-1,562	-1,562
Total shareholders' equity	163,489	161,056
Total liabilities and shareholders' equity	$219,395	$212,649

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Dec. 28, 2013	Dec. 29, 2012
Cash Flows From Operating Activities:	'	'
Net earnings	$2,747	$2,402
Adjustments to reconcile net earnings to net cash provided by operating activities:	'	'
Depreciation and amortization	2,424	2,332
Amortization of capitalized financing costs	26	26
Stock-based compensation expense	408	313
Excess tax benefits from stock-based compensation	-86	-36
Loss on sale of property, plant and equipment	'	12
Deferred income taxes	319	1,237
Increase in cash surrender value of life insurance policies over premiums paid	-289	0
Net changes in assets and liabilities:	'	'
Accounts receivable, net	7,356	6,891
Inventories	-11,233	9,535
Accounts payable and accrued expenses	4,387	556
Other changes	263	205
Total adjustments	3,575	21,071
Net cash provided by operating activities	6,322	23,473
Cash Flows From Investing Activities:	'	'
Capital expenditures	-1,984	-2,561
Proceeds from life insurance claims	'	505
Decrease (increase) in cash surrender value of life insurance policies	-99	32
Proceeds from surrender of life insurance policies	28	0
Net cash used for investing activities	-2,055	-2,024
Cash Flows From Financing Activities:	'	'
Proceeds from long-term debt	118	3,494
Principal payments on long-term debt	-118	-14,969
Cash dividends paid	-546	-4,969
Cash received from exercise of stock options	12	63
Excess tax benefits from stock-based compensation	86	36
Payment of employee tax withholdings related to net share transactions	-274	0
Other	'	-299
Net cash used for financing activities	-722	-16,644
Net increase in cash and cash equivalents	3,545	4,805
Cash and cash equivalents at beginning of period	15,440	10
Cash and cash equivalents at end of period	18,985	4,815
Cash paid during the period for:	'	'
Interest	2	18
Income taxes, net	33	13
Non-cash investing and financing activities:	'	'
Purchases of property, plant and equipment in accounts payable	740	135
Restricted stock units and stock options surrendered for withholding taxes payable	$274	$0

Consolidated_Statements_of_Sha

Consolidated Statements of Shareholder's Equity (Unaudited) (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
In Thousands
Balance at Sep. 28, 2013	$18,185	$55,452	$88,981	($1,562)	$161,056
Balance (in Shares) at Sep. 28, 2013	18,185	'	'	'	'
Net earnings	'	'	2,747	'	2,747
Stock options exercised, net	17	-5	'	'	12
Stock options exercised, net (in Shares)	17	'	'	'	72
Compensation expense associated with stock-based plans	'	408	'	'	408
Excess tax benefits from stock-based compensation	'	86	'	'	86
Restricted stock units and stock options surrendered for withholding taxes payable	'	-274	'	'	-274
Cash dividends declared	'	'	-546	'	-546
Balance at Dec. 28, 2013	$18,202	$55,667	$91,182	($1,562)	$163,489
Balance (in Shares) at Dec. 28, 2013	18,202	'	'	'	'

Note_1_Basis_of_Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Dec. 28, 2013
Disclosure Text Block [Abstract]	'
Business Description and Basis of Presentation [Text Block]	'
	(1) Basis of Presentation
	The accompanying unaudited interim consolidated financial statements of Insteel Industries, Inc. (“we,” “us,” “our,” “the Company” or “Insteel”) have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q. Certain information and note disclosures normally included in the audited financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. The September 28, 2013 consolidated balance sheet was derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP for complete financial statements. These financial statements should therefore be read in conjunction with the consolidated financial statements and notes for the fiscal year ended September 28, 2013 included in the Company’s Annual Report on Form 10-K filed with the SEC.
	The accompanying unaudited interim consolidated financial statements reflect all adjustments of a normal recurring nature that the Company considers necessary for a fair presentation of results for these interim periods. The results of operations for the three-month period ended December 28, 2013 are not necessarily indicative of the results that may be expected for the fiscal year ending September 27, 2014 or future periods.
	The Company has evaluated subsequent events through the time of filing this Quarterly Report on Form 10-Q and has concluded that there are no significant events that occurred subsequent to the balance sheet date but prior to the filing of this report that would have a material impact on the consolidated financial statements.

Note_2_Recent_Accounting_Prono

Note 2 - Recent Accounting Pronouncements	3 Months Ended
	Dec. 28, 2013
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]	'
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	'
	(2) Recent Accounting Pronouncements
	In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02 “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” ASU No. 2013-02 requires an entity to disaggregate the total change of each component of other comprehensive income either on the face of the income statement or as a separate disclosure in the notes. The Company adopted ASU No. 2013-02 in the first quarter of fiscal 2014. The adoption of this update did not have a material effect on the Company’s consolidated financial statements.

Note_3_Fair_Value_Measurements

Note 3 - Fair Value Measurements	3 Months Ended
	Dec. 28, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	(3) Fair Value Measurements
	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The authoritative guidance for fair value measurements establishes a three-level fair value hierarchy that encourages an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs used to measure fair value are as follows:
	Level 1 - Quoted prices in active markets for identical assets or liabilities.
	Level 2 - Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets.
	Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities, including certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.
	As of December 28, 2013 and September 28, 2013, the Company held financial assets that are required to be measured at fair value on a recurring basis. The financial assets held by the Company and the fair value hierarchy used to determine their fair values are as follows:
		Total at		Quoted Prices		Observable
		December 28,		in Active		Inputs
		2013		Markets		(Level 2)
				(Level 1)
	(In thousands)
	Current assets:
	Cash equivalents	$	20,152	$	20,152	$	-
	Other assets:
	Cash surrender value of life insurance policies		6,505		-		6,505
	Total	$	26,657	$	20,152	$	6,505
		Total at		Quoted Prices		Observable
		September 28,		in Active		Inputs
		2013		Markets		(Level 2)
				(Level 1)
	(In thousands)
	Current assets:
	Cash equivalents	$	15,534	$	15,534	$	-
	Other assets:
	Cash surrender value of life insurance policies		6,145		-		6,145
	Total	$	21,679	$	15,534	$	6,145
	Cash equivalents, which include all highly liquid investments with original maturities of three months or less, are classified as Level 1 of the fair value hierarchy. The carrying amount of the Company’s cash equivalents, which consist of investments in money market funds, approximates fair value due to their short maturities. Cash surrender value of life insurance policies are classified as Level 2. The fair value of the life insurance policies was determined by the underwriting insurance company’s valuation models and represents the guaranteed value the Company would receive upon surrender of these policies as of the reporting date.
	As of December 28, 2013 and September 28, 2013, the Company had no nonfinancial assets that are required to be measured at fair value on a nonrecurring basis. The carrying amounts of accounts receivable, accounts payable and accrued expenses approximates fair value due to the short-term maturities of these financial instruments.

Note_4_StockBased_Compensation

Note 4 - Stock-Based Compensation	3 Months Ended
	Dec. 28, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	(4) Stock-Based Compensation
	Under the Company’s equity incentive plans, employees and directors may be granted stock options, restricted stock, restricted stock units and performance awards. As of December 28, 2013, there were 587,000 shares available for future grants under the plans.
	Stock options. Under the Company’s equity incentive plans, employees and directors may be granted options to purchase shares of the Company’s common stock at the fair market value on the date of the grant. Options granted under these plans generally vest over three years and expire ten years from the date of the grant. Compensation expense and excess tax benefits associated with stock options for the three-month periods ended December 28, 2013 and December 29, 2012 are as follows:
		Three Months Ended
		December 28,			December 29,
		2013			2012
	(In thousands)
	Stock options:
	Compensation expense	$	165		$	139
	Excess tax benefits		(86	)		(36	)
	As of December 28, 2013, the remaining unamortized compensation cost related to unvested stock option awards was $458,000, which is expected to be recognized over a weighted average period of 1.15 years.
	The fair value of each option grant is estimated on the date of grant using a Monte Carlo valuation model based upon assumptions that are evaluated and revised, as necessary, to reflect market conditions and actual historical experience. The risk-free interest rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of the grant. The dividend yield is calculated based on the Company’s annual dividend as of the option grant date. The expected volatility is derived using a term structure based on historical volatility and the volatility implied by exchange-traded options on the Company’s common stock. The expected term for options is based on the results of a Monte Carlo simulation model, using the model’s estimated fair value as an input to the Black-Scholes-Merton model, and then solving for the expected term.
	The following table summarizes stock option activity for the three-month period ended December 28, 2013:
		Options			Exercise Price Per Share					Contractual	Aggregate
										Term -	Intrinsic
		Outstanding						Weighted		Weighted	Value
		(in thousands)			Range			Average		Average (years)	(in thousands)
	Outstanding at September 28, 2013		918		$5.43	-	$20.27	$	12.65
	Exercised		(72	)	9.16	-	13.06		11.03		$	592
	Outstanding at December 28, 2013		846		5.43	-	20.27		12.78	5.87		8,332
	Vested and anticipated to vest in the future at December 28, 2013		841						12.78	5.85		8,288
	Exercisable at December 28, 2013		554						12.24	4.39		5,754
	Stock option exercises included “net exercises,” pursuant to which the optionee received shares of common stock equal to the intrinsic value of the options (fair market value of common stock on the date of exercise less exercise price) reduced by any applicable withholding taxes.
	Restricted stock units. Restricted stock units (“RSUs”) granted under the Company’s equity incentive plans are valued based upon the fair market value on the date of the grant and provide for a dividend equivalent payment which is included in compensation expense. The vesting period for RSUs is generally one to three years from the date of the grant. RSUs do not have voting rights. RSU compensation expense for the three-month periods ended December 28, 2013 and December 29, 2012 is as follows:
		Three Months Ended
		December 28,			December 29,
		2013			2012
	(In thousands)
	Compensation expense	$	243		$	174
	As of December 28, 2013, the remaining unrecognized compensation cost related to unvested RSUs was $741,000, which is expected to be recognized over a weighted average vesting period of 1.46 years.
	The following table summarizes RSU activity during the three-month period ended December 28, 2013:
		Restricted			Weighted
		Stock Units			Average
		Outstanding			Grant Date
					Fair Value
	(Unit amounts in thousands)
	Balance, September 28, 2013		221		$	13.2
	Granted		-			-
	Released		-			-
	Balance, December 28, 2013		221		$	13.2

Note_5_Income_Taxes

Note 5 - Income Taxes	3 Months Ended
	Dec. 28, 2013
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	(5) Income Taxes
	Effective income tax rate. The Company’s effective income tax rate was 36.6% for the three-month period ended December 28, 2013 compared with 34.7% for the three-month period ended December 29, 2012. The year-over-year increase in the effective rate was primarily due to changes in permanent book versus tax differences. The effective income tax rates for both periods were based upon the estimated effective income tax rate applicable for the entire fiscal year after giving effect to any significant items related specifically to interim periods.
	Deferred income taxes. As of December 28, 2013, the Company has recorded a current deferred tax asset (net of valuation allowance) of $2.5 million in other current assets and a non-current deferred tax liability of $7.4 million in other liabilities on its consolidated balance sheet. The Company has $22.4 million of state net operating loss carryforwards (“NOLs”) that begin to expire in 2017, but principally expire between 2017 and 2032. The Company has also recorded $261,000 of gross deferred tax assets for various state tax credits that begin to expire in 2014, but principally expire between 2014 and 2020.
	In accordance with Accounting Standards Codification (“ASC”) Topic 740, the Company evaluates its deferred tax assets to determine if a valuation allowance is required based on the consideration of all available evidence using a “more likely than not” standard, with significant weight being given to evidence that can be objectively verified. The realization of the Company’s deferred tax assets is entirely dependent upon the Company’s ability to generate future taxable income in applicable jurisdictions. Since the Company operates in multiple jurisdictions, it assesses the need for a valuation allowance on a jurisdiction-by-jurisdiction basis, considering the applicable tax laws. The Company recorded a valuation allowance of $625,000 and $730,000 as of December 28, 2013 and September 28, 2013, respectively, pertaining to various state NOLs and tax credits that were not expected to be utilized.
	The valuation allowance established by the Company is subject to periodic review and adjustment based on changes in facts and circumstances and would be reduced should the Company utilize the state NOLs and tax credits against which an allowance had previously been provided or determine that such utilization is more likely than not.
	Uncertainty in income taxes. Based on management’s judgment, as of December 28, 2013, the Company has no material, known tax exposures that require the establishment of a liability for uncertain tax positions.
	The Company files U.S. federal income tax returns as well as state and local income tax returns in various jurisdictions. Federal and various state tax returns filed by the Company subsequent to 2008 remain subject to examination together with certain state tax returns filed by the Company subsequent to 2003.

Note_6_Employee_Benefit_Plans

Note 6 - Employee Benefit Plans	3 Months Ended
	Dec. 28, 2013
Compensation and Retirement Disclosure [Abstract]	'
Pension and Other Postretirement Benefits Disclosure [Text Block]	'
	(6) Employee Benefit Plans
	Retirement plans. The Company has one defined benefit pension plan, the Insteel Wire Products Company Retirement Income Plan for Hourly Employees, Wilmington, Delaware (the “Delaware Plan”). The Delaware Plan provides benefits for eligible employees based primarily upon years of service and compensation levels. The Delaware Plan was frozen effective September 30, 2008 whereby participants no longer earn additional service benefits. The Company’s funding policy is to contribute amounts at least equal to those required by law. The Company made contributions totaling $49,000 to the Delaware Plan during the three-month period ended December 28, 2013 and expects to contribute an additional $191,000 during the remainder of the current fiscal year.
	Net periodic pension costs and related components for the Delaware Plan for the three-month periods ended December 28, 2013 and December 29, 2012 are as follows:
		Three Months Ended
		December 28,			December 29,
		2013			2012
	(In thousands)
	Interest cost	$	34		$	32
	Expected return on plan assets		(41	)		(36	)
	Recognized net actuarial loss		11			14
	Net periodic pension cost	$	4		$	10
	Supplemental employee retirement plan. The Company maintains supplemental employee retirement plans (each, a “SERP”) with certain of its employees (each, a “Participant”). Under the SERPs, if the Participant remains in continuous service with the Company for a period of at least 30 years, the Company will pay to the Participant a supplemental retirement benefit for the 15-year period following the Participant’s retirement equal to 50% of the Participant’s highest average annual base salary for five consecutive years in the 10-year period preceding the Participant’s retirement. If the Participant retires prior to the later of age 65 or the completion of 30 years of continuous service with the Company, but has completed at least 10 years of continuous service with the Company, the amount of the supplemental retirement benefit will be reduced by 1/360th for each month short of 30 years that the Participant was employed by the Company.
	Net periodic benefit costs and related components for the SERPs for the three-month periods ended December 28, 2013 and December 29, 2012 are as follows:
		Three Months Ended
		December 28,			December 29,
		2013			2012
	(In thousands)
	Service cost	$	55		$	60
	Interest cost		79			72
	Amortization of prior service cost		-			57
	Recognized net actuarial loss		13			34
	Net periodic benefit cost	$	147		$	223

Note_7_LongTerm_Debt

Note 7 - Long-Term Debt	3 Months Ended
	Dec. 28, 2013
Disclosure Text Block [Abstract]	'
Long-term Debt [Text Block]	'
	(7) Long-Term Debt
	Revolving Credit Facility. The Company has a revolving credit facility (the “Credit Facility”) that is used to supplement its operating cash flow and fund its working capital, capital expenditure, general corporate and growth requirements. On February 6, 2012, the Company and each of its wholly-owned subsidiaries entered into an amendment agreement that, among other changes, increased the commitment amount of the Credit Facility from $75.0 million to $100.0 million and extended the maturity date from June 2, 2015 to June 2, 2016. Advances under the Credit Facility are limited to the lesser of the revolving loan commitment amount (currently $100.0 million) or a borrowing base amount that is calculated based upon a percentage of eligible receivables and inventories. As of December 28, 2013, no borrowings were outstanding on the Credit Facility, $74.7 million of borrowing capacity was available and outstanding letters of credit totaled $1.5 million.
	Interest rates on the Credit Facility are based upon (1) an index rate that is established at the highest of the prime rate, 0.50% plus the federal funds rate or the LIBOR rate plus the excess of the then-applicable margin for LIBOR loans over the then-applicable margin for index rate loans, or (2) at the election of the Company, a LIBOR rate, plus in either case, an applicable interest rate margin. The applicable interest rate margins are adjusted on a quarterly basis based upon the amount of excess availability on the Credit Facility within the range of 0.50% - 1.25% for index rate loans and 1.50% - 2.50% for LIBOR loans. In addition, the applicable interest rate margins would be increased by 2.00% upon the occurrence of certain events of default provided for under the terms of the Credit Facility. Based on the Company’s excess availability as of December 28, 2013, the applicable interest rate margins on the Credit Facility were 0.50% for index rate loans and 1.50% for LIBOR loans.
	The Company’s ability to borrow available amounts under the Credit Facility will be restricted or eliminated in the event of certain covenant breaches, events of default or if the Company is unable to make certain representations and warranties provided for under the terms of the Credit Facility. The Company is required to maintain a fixed charge coverage ratio of not less than 1.10 at the end of each fiscal quarter for the twelve-month period then ended when the amount of liquidity on the Credit Facility is less than $13.5 million. In addition, the terms of the Credit Facility restrict the Company’s ability to, among other things: engage in certain business combinations or divestitures; make investments in or loans to third parties, unless certain conditions are met with respect to such investments or loans; pay cash dividends or repurchase shares of the Company’s stock subject to certain minimum borrowing availability requirements; incur or assume indebtedness; issue securities; enter into certain transactions with affiliates of the Company; or permit liens to encumber the Company’s property and assets. The terms of the Credit Facility also provide that an event of default will occur with respect to the Company upon the occurrence of, among other things: defaults or breaches under the loan documents, subject in certain cases to cure periods; defaults or breaches by the Company or any of its subsidiaries under any agreement resulting in the acceleration of amounts above certain thresholds or payment defaults above certain thresholds; certain events of bankruptcy or insolvency with respect to the Company; certain entries of judgment against the Company or any of its subsidiaries, which are not covered by insurance; or a change of control of the Company. As of December 28, 2013, the Company was in compliance with all of the financial and negative covenants under the Credit Facility and there have not been any events of default.
	Amortization of capitalized financing costs associated with the Credit Facility was $26,000 for each of the three-month periods ended December 28, 2013 and December 29, 2012. Accumulated amortization of capitalized financing costs was $4.3 million as of December 28, 2013 and September 28, 2013.

Note_8_Earnings_Per_Share

Note 8 - Earnings Per Share	3 Months Ended
	Dec. 28, 2013
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	(8) Earnings Per Share
	The computations of basic and diluted earnings per share attributable to common shareholders for the three-month periods ended December 28, 2013 and December 29, 2012 are as follows:
		Three Months Ended
		December 28,		December 29,
		2013		2012
	(In thousands except per share amounts)
	Net earnings available to common shareholders	$	2,747	$	2,402
	Basic weighted average shares outstanding		18,189		17,724
	Dilutive effect of stock-based compensation		398		364
	Diluted weighted average shares outstanding		18,587		18,088
	Net earnings per share:
	Basic	$	0.15	$	0.14
	Diluted	$	0.15	$	0.13
	Options and RSUs representing 123,000 and 419,000 shares for the three-month periods ended December 28, 2013 and December 29, 2012, respectively, were antidilutive and were not included in the diluted earnings per share calculation.

Note_9_Share_Repurchases

Note 9 - Share Repurchases	3 Months Ended
	Dec. 28, 2013
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	(9) Share Repurchases
	On November 18, 2008, the Company’s board of directors approved a share repurchase authorization to buy back up to $25.0 million of the Company’s outstanding common stock (the “Authorization”). Under the Authorization, repurchases may be made from time to time in the open market or in privately negotiated transactions subject to market conditions, applicable legal requirements and other factors. The Company is not obligated to acquire any particular amount of common stock and the program may be commenced or suspended at any time at the Company’s discretion without prior notice. The Authorization continues in effect until terminated by the Board of Directors. As of December 28, 2013, there was $24.8 million remaining available for future share repurchases under this authorization. No repurchases of common stock were made during the three-month periods ended December 28, 2013 and December 29, 2012.

Note_10_Other_Financial_Data

Note 10 - Other Financial Data	3 Months Ended
	Dec. 28, 2013
Other Financial Data [Abstract]	'
Other Financial Data [Text Block]	'
	(10) Other Financial Data
	Balance sheet information:
		December 28,			September 28,
		2013			2013
	(In thousands)
	Accounts receivable, net:
	Accounts receivable	$	34,602		$	42,006
	Less allowance for doubtful accounts		(848	)		(896	)
	Total	$	33,754		$	41,110
	Inventories, net:
	Raw materials	$	44,305		$	33,842
	Work in process		3,214			3,074
	Finished goods		22,507			21,877
	Total	$	70,026		$	58,793
	Other current assets:
	Current deferred tax asset	$	2,508		$	2,732
	Prepaid insurance		1,483			1,332
	Other		813			1,799
	Total	$	4,804		$	5,863
	Other assets:
	Cash surrender value of life insurance policies	$	6,505		$	6,145
	Intangible asset, net of accumulated amortization of $257 and $163		1,630			1,724
	Capitalized financing costs, net		146			171
	Other		98			350
	Total	$	8,379		$	8,390
	Property, plant and equipment, net:
	Land and land improvements	$	9,175		$	9,175
	Buildings		42,258			42,258
	Machinery and equipment		129,995			129,861
	Construction in progress		2,721			210
			184,149			181,504
	Less accumulated depreciation		(100,702	)		(98,451	)
	Total	$	83,447		$	83,053
	Accrued expenses:
	Salaries, wages and related expenses	$	1,892		$	2,790
	Property taxes		955			1,155
	Customer rebates		911			813
	Pension plan		883			928
	Deferred revenues		657			79
	Accrued income taxes		324			-
	Workers' compensation		307			307
	Interest		29			31
	Other		738			751
	Total	$	6,696		$	6,854
	Other liabilities:
	Deferred income taxes	$	7,376		$	7,281
	Deferred compensation		6,973			6,897
	Total	$	14,349		$	14,178

Note_11_Business_Segment_Infor

Note 11 - Business Segment Information	3 Months Ended
	Dec. 28, 2013
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	(11) Business Segment Information
	The Company’s operations are entirely focused on the manufacture and marketing of concrete reinforcing products for the concrete construction industry. The Company’s concrete reinforcing products consist of welded wire reinforcement and prestressed concrete strand. Based on the criteria specified in ASC Topic 280, Segment Reporting, the Company has one reportable segment.

Note_12_Contingencies

Note 12 - Contingencies	3 Months Ended
	Dec. 28, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	(12) Contingencies
	Legal proceedings. The Company is involved in legal proceedings, claims, investigations and proceedings, including commercial, environmental and employment matters, which arise in the ordinary course of business. The Company does not expect that the ultimate costs to resolve these matters will have a material adverse effect on its financial position, results of operations or cash flows.

Note_3_Fair_Value_Measurements1

Note 3 - Fair Value Measurements (Tables)	3 Months Ended
	Dec. 28, 2013
Fair Value Disclosures [Abstract]	'
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	'
		Total at		Quoted Prices		Observable
		December 28,		in Active		Inputs
		2013		Markets		(Level 2)
				(Level 1)
	(In thousands)
	Current assets:
	Cash equivalents	$	20,152	$	20,152	$	-
	Other assets:
	Cash surrender value of life insurance policies		6,505		-		6,505
	Total	$	26,657	$	20,152	$	6,505
		Total at		Quoted Prices		Observable
		September 28,		in Active		Inputs
		2013		Markets		(Level 2)
				(Level 1)
	(In thousands)
	Current assets:
	Cash equivalents	$	15,534	$	15,534	$	-
	Other assets:
	Cash surrender value of life insurance policies		6,145		-		6,145
	Total	$	21,679	$	15,534	$	6,145

Note_4_StockBased_Compensation1

Note 4 - Stock-Based Compensation (Tables)	3 Months Ended
	Dec. 28, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]	'
		Three Months Ended
		December 28,			December 29,
		2013			2012
	(In thousands)
	Stock options:
	Compensation expense	$	165		$	139
	Excess tax benefits		(86	)		(36	)
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
		Options			Exercise Price Per Share					Contractual	Aggregate
										Term -	Intrinsic
		Outstanding						Weighted		Weighted	Value
		(in thousands)			Range			Average		Average (years)	(in thousands)
	Outstanding at September 28, 2013		918		$5.43	-	$20.27	$	12.65
	Exercised		(72	)	9.16	-	13.06		11.03		$	592
	Outstanding at December 28, 2013		846		5.43	-	20.27		12.78	5.87		8,332
	Vested and anticipated to vest in the future at December 28, 2013		841						12.78	5.85		8,288
	Exercisable at December 28, 2013		554						12.24	4.39		5,754
Schedule of Restricted Stock Awards Compensation Expense [Table Text Block]	'
		Three Months Ended
		December 28,			December 29,
		2013			2012
	(In thousands)
	Compensation expense	$	243		$	174
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	'
		Restricted			Weighted
		Stock Units			Average
		Outstanding			Grant Date
					Fair Value
	(Unit amounts in thousands)
	Balance, September 28, 2013		221		$	13.2
	Granted		-			-
	Released		-			-
	Balance, December 28, 2013		221		$	13.2

Note_6_Employee_Benefit_Plans_

Note 6 - Employee Benefit Plans (Tables)	3 Months Ended
	Dec. 28, 2013
Compensation and Retirement Disclosure [Abstract]	'
Schedule of Net Benefit Costs [Table Text Block]	'
		Three Months Ended
		December 28,			December 29,
		2013			2012
	(In thousands)
	Interest cost	$	34		$	32
	Expected return on plan assets		(41	)		(36	)
	Recognized net actuarial loss		11			14
	Net periodic pension cost	$	4		$	10
		Three Months Ended
		December 28,			December 29,
		2013			2012
	(In thousands)
	Service cost	$	55		$	60
	Interest cost		79			72
	Amortization of prior service cost		-			57
	Recognized net actuarial loss		13			34
	Net periodic benefit cost	$	147		$	223

Note_8_Earnings_Per_Share_Tabl

Note 8 - Earnings Per Share (Tables)	3 Months Ended
	Dec. 28, 2013
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		Three Months Ended
		December 28,		December 29,
		2013		2012
	(In thousands except per share amounts)
	Net earnings available to common shareholders	$	2,747	$	2,402
	Basic weighted average shares outstanding		18,189		17,724
	Dilutive effect of stock-based compensation		398		364
	Diluted weighted average shares outstanding		18,587		18,088
	Net earnings per share:
	Basic	$	0.15	$	0.14
	Diluted	$	0.15	$	0.13

Note_10_Other_Financial_Data_T

Note 10 - Other Financial Data (Tables)	3 Months Ended
	Dec. 28, 2013
Other Financial Data [Abstract]	'
Condensed Balance Sheet [Table Text Block]	'
		December 28,			September 28,
		2013			2013
	(In thousands)
	Accounts receivable, net:
	Accounts receivable	$	34,602		$	42,006
	Less allowance for doubtful accounts		(848	)		(896	)
	Total	$	33,754		$	41,110
	Inventories, net:
	Raw materials	$	44,305		$	33,842
	Work in process		3,214			3,074
	Finished goods		22,507			21,877
	Total	$	70,026		$	58,793
	Other current assets:
	Current deferred tax asset	$	2,508		$	2,732
	Prepaid insurance		1,483			1,332
	Other		813			1,799
	Total	$	4,804		$	5,863
	Other assets:
	Cash surrender value of life insurance policies	$	6,505		$	6,145
	Intangible asset, net of accumulated amortization of $257 and $163		1,630			1,724
	Capitalized financing costs, net		146			171
	Other		98			350
	Total	$	8,379		$	8,390
	Property, plant and equipment, net:
	Land and land improvements	$	9,175		$	9,175
	Buildings		42,258			42,258
	Machinery and equipment		129,995			129,861
	Construction in progress		2,721			210
			184,149			181,504
	Less accumulated depreciation		(100,702	)		(98,451	)
	Total	$	83,447		$	83,053
	Accrued expenses:
	Salaries, wages and related expenses	$	1,892		$	2,790
	Property taxes		955			1,155
	Customer rebates		911			813
	Pension plan		883			928
	Deferred revenues		657			79
	Accrued income taxes		324			-
	Workers' compensation		307			307
	Interest		29			31
	Other		738			751
	Total	$	6,696		$	6,854
	Other liabilities:
	Deferred income taxes	$	7,376		$	7,281
	Deferred compensation		6,973			6,897
	Total	$	14,349		$	14,178

Note_3_Fair_Value_Measurements2

Note 3 - Fair Value Measurements (Details) - Fair Value of Financial Assets (USD $)	Dec. 28, 2013	Sep. 28, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash Equivalents	$20,152	$15,534
Other assets:	'	'
Cash surrender value of life insurance policies	6,505	6,145
Total	26,657	21,679
Fair Value, Inputs, Level 1 [Member]	'	'
Current assets:	'	'
Cash Equivalents	20,152	15,534
Other assets:	'	'
Total	20,152	15,534
Fair Value, Inputs, Level 2 [Member]	'	'
Other assets:	'	'
Cash surrender value of life insurance policies	6,505	6,145
Total	$6,505	$6,145

Note_4_StockBased_Compensation2

Note 4 - Stock-Based Compensation (Details) (USD $)	3 Months Ended
	Dec. 28, 2013
Note 4 - Stock-Based Compensation (Details) [Line Items]	'
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares)	587,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	'10 years
Employee Stock Option [Member]	'
Note 4 - Stock-Based Compensation (Details) [Line Items]	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options (in Dollars)	458,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	'1 year 54 days
RSU [Member]	'
Note 4 - Stock-Based Compensation (Details) [Line Items]	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options (in Dollars)	741,000
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period Of Recognition	'1 year 167 days
RSU [Member] | Minimum [Member]	'
Note 4 - Stock-Based Compensation (Details) [Line Items]	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'1 year
RSU [Member] | Maximum [Member]	'
Note 4 - Stock-Based Compensation (Details) [Line Items]	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'3 years

Note_4_StockBased_Compensation3

Note 4 - Stock-Based Compensation (Details) - Compensation Expense and Excess Tax Benefits Associated with Stock Options (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Dec. 28, 2013	Dec. 29, 2012
Stock options:	'	'
Excess tax benefits	($86)	($36)
Employee Stock Option [Member]	'	'
Stock options:	'	'
Compensation expense	$165	$139

Note_4_StockBased_Compensation4

Note 4 - Stock-Based Compensation (Details) - Stock Option Activity (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 28, 2013	Sep. 29, 2012
Note 4 - Stock-Based Compensation (Details) - Stock Option Activity [Line Items]	'	'
Outstanding at September 28, 2013 (in Shares)	'	918
Outstanding at December 28, 2013 (in Shares)	846	918
Outstanding at December 28, 2013	'5 years 317 days	'
Outstanding at December 28, 2013 (in Dollars)	$8,332	'
Vested and anticipated to vest in the future at December 28, 2013 (in Shares)	841	'
Vested and anticipated to vest in the future at December 28, 2013	'5 years 310 days	'
Vested and anticipated to vest in the future at December 28, 2013 (in Dollars)	8,288	'
Exercisable at December 28, 2013 (in Shares)	554	'
Exercisable at December 28, 2013	'4 years 142 days	'
Exercisable at December 28, 2013 (in Dollars)	5,754	'
Exercised (in Shares)	-72	'
Exercised (in Dollars)	$592	'
Minimum [Member]	'	'
Note 4 - Stock-Based Compensation (Details) - Stock Option Activity [Line Items]	'	'
Outstanding at September 28, 2013	'	5.43
Outstanding at December 28, 2013	$5.43	5.43
Exercised	$9.16	'
Exercised	$9.16	'
Maximum [Member]	'	'
Note 4 - Stock-Based Compensation (Details) - Stock Option Activity [Line Items]	'	'
Outstanding at September 28, 2013	'	20.27
Outstanding at December 28, 2013	$20.27	20.27
Exercised	$13.06	'
Exercised	$13.06	'
Weighted Average [Member]	'	'
Note 4 - Stock-Based Compensation (Details) - Stock Option Activity [Line Items]	'	'
Outstanding at September 28, 2013	'	12.65
Outstanding at December 28, 2013	$12.78	12.65
Vested and anticipated to vest in the future at December 28, 2013	$12.78	'
Exercisable at December 28, 2013	$12.24	'
Exercised	$11.03	'
Exercised	$11.03	'

Note_4_StockBased_Compensation5

Note 4 - Stock-Based Compensation (Details) - Compensation Expense for Restricted Stock Activity (Restricted Stock [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Dec. 28, 2013	Dec. 29, 2012
Restricted Stock [Member]	'	'
Note 4 - Stock-Based Compensation (Details) - Compensation Expense for Restricted Stock Activity [Line Items]	'	'
Compensation expense	$243	$174

Note_4_StockBased_Compensation6

Note 4 - Stock-Based Compensation (Details) - Restricted Stock And Restricted Stock Unit Activity (Restricted Stock Units (RSUs) [Member], USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 28, 2013	Sep. 28, 2013
Restricted Stock Units (RSUs) [Member]	'	'
Note 4 - Stock-Based Compensation (Details) - Restricted Stock And Restricted Stock Unit Activity [Line Items]	'	'
Restricted Stock Awards Outstanding	221	221
Weighted Average Grant Date Fair Value (in Dollars per share)	$13.20	$13.20
Granted	0	'
Granted (in Dollars per share)	$0	'
Released	0	'
Released (in Dollars per share)	$0	'

Note_5_Income_Taxes_Details

Note 5 - Income Taxes (Details) (USD $)	3 Months Ended
	Dec. 28, 2013	Dec. 29, 2012	Sep. 28, 2013
Note 5 - Income Taxes (Details) [Line Items]	'	'	'
Effective Income Tax Rate Reconciliation, Percent	36.60%	34.70%	'
Deferred Tax Assets, Net of Valuation Allowance, Current	$2,500,000	'	'
Deferred Tax Liabilities, Net, Noncurrent	7,376,000	'	7,281,000
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	22,400,000	'	'
Deferred Tax Assets, Valuation Allowance	625,000	'	730,000
Minimum [Member]	'	'	'
Note 5 - Income Taxes (Details) [Line Items]	'	'	'
Deferred Tax Assets, Tax Credit Carryforwards	$261,000	'	'

Note_6_Employee_Benefit_Plans_1

Note 6 - Employee Benefit Plans (Details) (USD $)	3 Months Ended	24 Months Ended
	Dec. 28, 2013	Oct. 01, 2011
Note 6 - Employee Benefit Plans (Details) [Line Items]	'	'
Pension Contributions (in Dollars)	49,000	'
Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year (in Dollars)	191,000	'
Supplemental Employee Retirement Plan, Defined Benefit [Member]	'	'
Note 6 - Employee Benefit Plans (Details) [Line Items]	'	'
Supplemental Retirement Benefit Period	'15 years	'
Defined Benefit Plan, Percent of Highest Average Salary Base	50.00%	'
Defined Benefit Plan Number of Years in Average Annual Base Salary	'	'5 years
Defined Benefit Plan Number of Years Preceding Retirement for Average Annual Base Salary Calculation	'10 years	'
Reduced SERP [Member]	'	'
Note 6 - Employee Benefit Plans (Details) [Line Items]	'	'
Defined Benefit Plan, Retirement Age	'	'65 years
Minimum [Member] | Supplemental Employee Retirement Plan, Defined Benefit [Member]	'	'
Note 6 - Employee Benefit Plans (Details) [Line Items]	'	'
Defined Benefit Plan, Employment Term	'30 years	'
Minimum [Member] | Reduced SERP [Member]	'	'
Note 6 - Employee Benefit Plans (Details) [Line Items]	'	'
Defined Benefit Plan, Employment Term	'	'10 years

Note_6_Employee_Benefit_Plans_2

Note 6 - Employee Benefit Plans (Details) - Net Periodic Pension Costs and Related Components (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Dec. 28, 2013	Dec. 29, 2012
Pension Plan, Defined Benefit [Member]	'	'
Note 6 - Employee Benefit Plans (Details) - Net Periodic Pension Costs and Related Components [Line Items]	'	'
Interest cost	$34	$32
Expected return on plan assets	-41	-36
Recognized Net Actuarial Loss	11	14
Net periodic pension cost	4	10
Supplemental Employee Retirement Plan, Defined Benefit [Member]	'	'
Note 6 - Employee Benefit Plans (Details) - Net Periodic Pension Costs and Related Components [Line Items]	'	'
Interest cost	79	72
Amortization of prior service cost	'	57
Recognized Net Actuarial Loss	13	34
Net periodic pension cost	147	223
Service cost	$55	$60

Note_7_LongTerm_Debt_Details

Note 7 - Long-Term Debt (Details) (USD $)	0 Months Ended	3 Months Ended
	Feb. 06, 2012	Dec. 28, 2013	Dec. 29, 2012	Sep. 28, 2013	Feb. 05, 2012
Note 7 - Long-Term Debt (Details) [Line Items]	'	'	'	'	'
Line of Credit Facility, Maximum Borrowing Capacity	$100,000,000	'	'	'	$75,000,000
Line of Credit Facility, Expiration Date	2-Jun-16	'	'	'	'
Line of Credit Facility, Current Borrowing Capacity	'	100,000,000	'	'	'
Line of Credit Facility, Amount Outstanding	'	74,700,000	'	'	'
Debt Instrument, Interest Rate, Increase (Decrease)	'	2.00%	'	'	'
Amortization of Financing Costs	'	26,000	26,000	'	'
Accumulated Amortization, Deferred Finance Costs	'	4,300,000	'	4,300,000	'
London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member]	'	'	'	'	'
Note 7 - Long-Term Debt (Details) [Line Items]	'	'	'	'	'
Debt Instrument, Basis Spread on Variable Rate	'	0.50%	'	'	'
Index Rate Loans [Member]	'	'	'	'	'
Note 7 - Long-Term Debt (Details) [Line Items]	'	'	'	'	'
Line of Credit Facility, Interest Rate at Period End	'	0.50%	'	'	'
LIBOR Loans [Member]	'	'	'	'	'
Note 7 - Long-Term Debt (Details) [Line Items]	'	'	'	'	'
Line of Credit Facility, Interest Rate at Period End	'	1.50%	'	'	'
Letter of Credit [Member]	'	'	'	'	'
Note 7 - Long-Term Debt (Details) [Line Items]	'	'	'	'	'
Letters of Credit Outstanding, Amount	'	1,500,000	'	'	'
Revolving Credit Facility [Member]	'	'	'	'	'
Note 7 - Long-Term Debt (Details) [Line Items]	'	'	'	'	'
Fixed Charge Coverage Ratio	'	1.1	'	'	'
Credit Facility Liquidity Amount	'	13,500,000	'	'	'
Amortization of Financing Costs	'	$26,000	$26,000	'	'
Minimum [Member] | Index Rate Loans [Member]	'	'	'	'	'
Note 7 - Long-Term Debt (Details) [Line Items]	'	'	'	'	'
Debt Instrument, Basis Spread on Variable Rate	'	0.50%	'	'	'
Minimum [Member] | LIBOR Loans [Member]	'	'	'	'	'
Note 7 - Long-Term Debt (Details) [Line Items]	'	'	'	'	'
Debt Instrument, Basis Spread on Variable Rate	'	1.50%	'	'	'
Maximum [Member] | Index Rate Loans [Member]	'	'	'	'	'
Note 7 - Long-Term Debt (Details) [Line Items]	'	'	'	'	'
Debt Instrument, Basis Spread on Variable Rate	'	1.25%	'	'	'
Maximum [Member] | LIBOR Loans [Member]	'	'	'	'	'
Note 7 - Long-Term Debt (Details) [Line Items]	'	'	'	'	'
Debt Instrument, Basis Spread on Variable Rate	'	2.50%	'	'	'

Note_8_Earnings_Per_Share_Deta

Note 8 - Earnings Per Share (Details) (Stock Compensation Plan [Member])	3 Months Ended
	Dec. 28, 2013	Dec. 29, 2012
Stock Compensation Plan [Member]	'	'
Note 8 - Earnings Per Share (Details) [Line Items]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	123,000	419,000

Note_8_Earnings_Per_Share_Deta1

Note 8 - Earnings Per Share (Details) - Basic and Diluted Earnings (Loss) Per Share Attributable to Common Shareholders (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 28, 2013	Dec. 29, 2012
Basic and Diluted Earnings (Loss) Per Share Attributable to Common Shareholders [Abstract]	'	'
Net earnings available to common shareholders (in Dollars)	$2,747	$2,402
Basic weighted average shares outstanding	18,189	17,724
Dilutive effect of stock-based compensation	398	364
Diluted weighted average shares outstanding	18,587	18,088
Net earnings per share:	'	'
Basic (in Dollars per share)	$0.15	$0.14
Diluted (in Dollars per share)	$0.15	$0.13

Note_9_Share_Repurchases_Detai

Note 9 - Share Repurchases (Details) (USD $)	1 Months Ended	3 Months Ended
In Millions, except Share data, unless otherwise specified	Nov. 18, 2008	Dec. 28, 2013	Dec. 29, 2012
Stockholders' Equity Note [Abstract]	'	'	'
Stock Repurchase Program, Authorized Amount (in Dollars)	$25	'	'
Stock Repurchase Program, Remaining Authorized Repurchase Amount (in Dollars)	'	$24.80	'
Stock Repurchased During Period, Shares	'	0	0

Note_10_Other_Financial_Data_D

Note 10 - Other Financial Data (Details) - Balance Sheet Information (USD $)	Dec. 28, 2013	Sep. 28, 2013
In Thousands, unless otherwise specified
Accounts receivable, net:	'	'
Accounts receivable	$34,602	$42,006
Less allowance for doubtful accounts	-848	-896
Total	33,754	41,110
Inventories, net:	'	'
Raw materials	44,305	33,842
Work in process	3,214	3,074
Finished goods	22,507	21,877
Total	70,026	58,793
Other current assets:	'	'
Current deferred tax asset	2,508	2,732
Prepaid insurance	1,483	1,332
Other	813	1,799
Total	4,804	5,863
Other assets:	'	'
Cash surrender value of life insurance policies	6,505	6,145
Intangible asset, net of accumulated amortization of $257 and $163	1,630	1,724
Capitalized financing costs, net	146	171
Other	98	350
Total	8,379	8,390
Property, plant and equipment, net:	'	'
Land and land improvements	9,175	9,175
Buildings	42,258	42,258
Machinery and equipment	129,995	129,861
Construction in progress	2,721	210
	184,149	181,504
Less accumulated depreciation	-100,702	-98,451
Total	83,447	83,053
Accrued expenses:	'	'
Salaries, wages and related expenses	1,892	2,790
Property taxes	955	1,155
Customer rebates	911	813
Pension plan	883	928
Deferred revenues	657	79
Accrued income taxes	324	'
Workers' compensation	307	307
Interest	29	31
Other	738	751
Total	6,696	6,854
Other liabilities:	'	'
Deferred income taxes	7,376	7,281
Deferred compensation	6,973	6,897
Total	$14,349	$14,178

Note_10_Other_Financial_Data_D1

Note 10 - Other Financial Data (Details) - Balance Sheet Information (Parentheticals) (USD $)	Dec. 28, 2013	Sep. 28, 2013
In Thousands, unless otherwise specified
Balance Sheet Information [Abstract]	'	'
Accumulated amortization	$257	$163

Note_11_Business_Segment_Infor1

Note 11 - Business Segment Information (Details)	3 Months Ended
	Dec. 28, 2013
Segment Reporting [Abstract]	'
Number of Reportable Segments	1