Insteel Industries (IIIN) 10-Q 18 Jul 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jun. 29, 2019	Jul. 17, 2019
Document Information [Line Items]
Entity Registrant Name	INSTEEL INDUSTRIES INC
Entity Central Index Key	0000764401
Trading Symbol	iiin
Current Fiscal Year End Date	--09-28
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding (in shares)		19,251,607
Document Type	10-Q
Document Period End Date	Jun. 29, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Shell Company	false

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Net sales	$ 126,252	$ 126,688	$ 342,310	$ 331,846
Cost of sales	118,016	102,502	316,077	280,583
Gross profit	8,236	24,186	26,233	51,263
Selling, general and administrative expense	5,516	7,541	18,606	20,779
Other expense (income), net	(23)	(32)	(1,823)	153
Interest expense	62	23	137	74
Interest income	(9)	(150)	(176)	(279)
Earnings before income taxes	2,690	16,804	9,489	30,536
Income taxes	500	3,936	2,124	3,678
Net earnings	$ 2,190	$ 12,868	$ 7,365	$ 26,858
Net earnings per share:
Basic (in dollars per share)	$ 0.11	$ 0.67	$ 0.38	$ 1.41
Diluted (in dollars per share)	$ 0.11	$ 0.67	$ 0.38	$ 1.40
Weighted average shares outstanding:
Basic (in shares)	19,252	19,070	19,239	19,054
Diluted (in shares)	19,334	19,274	19,336	19,252
Cash dividends declared per share (in dollars per share)	$ 0.03	$ 0.03	$ 0.09	$ 1.09
Comprehensive income	$ 2,190	$ 12,868	$ 7,365	$ 26,858

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 29, 2019	Sep. 29, 2018
Assets
Cash and cash equivalents	$ 7,449	$ 43,941
Accounts receivable, net	50,743	51,484
Inventories	104,624	94,157
Other current assets	6,911	5,895
Total current assets	169,727	195,477
Property, plant and equipment, net	107,331	106,148
Intangibles, net	8,884	9,703
Goodwill	8,293	8,293
Other assets	10,560	9,913
Total assets	304,795	329,534
Liabilities and shareholders' equity
Accounts payable	31,311	60,059
Accrued expenses	6,396	11,929
Total current liabilities	37,707	71,988
Long-term debt
Other liabilities	18,764	15,881
Commitments and contingencies
Shareholders' equity:
Common stock	19,252	19,223
Additional paid-in capital	73,849	72,852
Retained earnings	156,717	151,084
Accumulated other comprehensive loss	(1,494)	(1,494)
Total shareholders' equity	248,324	241,665
Total liabilities and shareholders' equity	$ 304,795	$ 329,534

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Cash Flows From Operating Activities:
Net earnings	$ 7,365,000	$ 26,858,000
Adjustments to reconcile net earnings to net cash provided by (used for) operating activities:
Depreciation and amortization	10,084,000	9,578,000
Amortization of capitalized financing costs	48,000	48,000
Stock-based compensation expense	1,201,000	1,241,000
Deferred income taxes	2,193,000	(2,321,000)
Loss (gain) on sale and disposition of property, plant and equipment	(1,760,000)	270,000
Increase in cash surrender value of life insurance policies over premiums paid	(204,000)	(428,000)
Net changes in assets and liabilities (net of assets and liabilities acquired):
Accounts receivable, net	741,000	(15,548,000)
Inventories	(10,467,000)	27,102,000
Accounts payable and accrued expenses	(33,640,000)	3,011,000
Other changes	(1,500,000)	24,000
Total adjustments	(33,304,000)	22,977,000
Net cash provided by (used for) operating activities	(25,939,000)	49,835,000
Cash Flows From Investing Activities:
Capital expenditures	(9,380,000)	(12,481,000)
Proceeds from property insurance	1,192,000
Increase in cash surrender value of life insurance policies	(305,000)	(291,000)
Proceeds from surrender of life insurance policies	67,000	152,000
Proceeds from sale of property, plant and equipment	17,000
Acquisition of business		(3,300,000)
Net cash used for investing activities	(8,409,000)	(15,920,000)
Cash Flows From Financing Activities:
Proceeds from long-term debt	44,239,000	290,000
Principal payments on long-term debt	(44,239,000)	(290,000)
Cash dividends paid	(1,732,000)	(20,756,000)
Cash received from exercise of stock options		242,000
Financing costs	(237,000)
Payment of employee tax withholdings related to net share transactions	(175,000)	(274,000)
Net cash used for financing activities	(2,144,000)	(20,788,000)
Net increase (decrease) in cash and cash equivalents	(36,492,000)	13,127,000
Cash and cash equivalents at beginning of period	43,941,000	32,105,000
Cash and cash equivalents at end of period	7,449,000	45,232,000
Supplemental Disclosures of Cash Flow Information:
Interest	49,000
Income taxes, net	1,759,000	3,553,000
Non-cash investing and financing activities:
Purchases of property, plant and equipment in accounts payable	518,000	499,000
Restricted stock units and stock options surrendered for withholding taxes payable	$ 175,000	$ 274,000

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Sep. 30, 2017	19,041
Balance at Sep. 30, 2017	$ 19,041	$ 69,817	$ 135,851	$ (1,333)	$ 223,376
Net earnings			8,111		8,111
Compensation expense associated with stock-based plans		235			235
Cash dividends declared			(19,612)		(19,612)
Balance (in shares) at Dec. 30, 2017	19,041
Balance at Dec. 30, 2017	$ 19,041	70,052	124,350	(1,333)	212,110
Balance (in shares) at Sep. 30, 2017	19,041
Balance at Sep. 30, 2017	$ 19,041	69,817	135,851	(1,333)	223,376
Net earnings					26,858
Balance (in shares) at Jun. 30, 2018	19,085
Balance at Jun. 30, 2018	$ 19,085	70,982	141,953	(1,333)	230,687
Balance (in shares) at Dec. 30, 2017	19,041
Balance at Dec. 30, 2017	$ 19,041	70,052	124,350	(1,333)	212,110
Net earnings			5,879		5,879
Compensation expense associated with stock-based plans		838			838
Restricted stock units and stock options surrendered for withholding taxes payable		(210)			(210)
Cash dividends declared			(572)		(572)
Vesting of restricted stock units (in shares)	20
Vesting of restricted stock units	$ 20	(20)
Stock options exercised, net (in shares)	2
Stock options exercised, net	$ 2	(2)
Balance (in shares) at Mar. 31, 2018	19,063
Balance at Mar. 31, 2018	$ 19,063	70,658	129,657	(1,333)	218,045
Net earnings			12,868		12,868
Compensation expense associated with stock-based plans		168			168
Restricted stock units and stock options surrendered for withholding taxes payable		(64)			(64)
Cash dividends declared			(572)		(572)
Stock options exercised, net (in shares)	22
Stock options exercised, net	$ 22	220			242
Balance (in shares) at Jun. 30, 2018	19,085
Balance at Jun. 30, 2018	$ 19,085	70,982	141,953	(1,333)	230,687
Balance (in shares) at Sep. 29, 2018	19,223
Balance at Sep. 29, 2018	$ 19,223	72,852	151,084	(1,494)	241,665
Net earnings			4,126		4,126
Compensation expense associated with stock-based plans		174			174
Restricted stock units and stock options surrendered for withholding taxes payable		(7)			(7)
Cash dividends declared			(576)		(576)
Balance (in shares) at Dec. 29, 2018	19,223
Balance at Dec. 29, 2018	$ 19,223	73,019	154,634	(1,494)	245,382
Balance (in shares) at Sep. 29, 2018	19,223
Balance at Sep. 29, 2018	$ 19,223	72,852	151,084	(1,494)	241,665
Net earnings					7,365
Balance (in shares) at Jun. 29, 2019	19,252
Balance at Jun. 29, 2019	$ 19,252	73,849	156,717	(1,494)	248,324
Balance (in shares) at Dec. 29, 2018	19,223
Balance at Dec. 29, 2018	$ 19,223	73,019	154,634	(1,494)	245,382
Net earnings			1,049		1,049
Compensation expense associated with stock-based plans		845			845
Restricted stock units and stock options surrendered for withholding taxes payable		(168)			(168)
Cash dividends declared			(578)		(578)
Vesting of restricted stock units (in shares)	29
Vesting of restricted stock units	$ 29	(29)
Balance (in shares) at Mar. 30, 2019	19,252
Balance at Mar. 30, 2019	$ 19,252	73,667	155,105	(1,494)	246,530
Net earnings			2,190		2,190
Compensation expense associated with stock-based plans		182			182
Cash dividends declared			(578)		(578)
Balance (in shares) at Jun. 29, 2019	19,252
Balance at Jun. 29, 2019	$ 19,252	$ 73,849	$ 156,717	$ (1,494)	$ 248,324

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Jun. 29, 2019
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	( 1 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 United States (“U.S.”) Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10 not September 29, 2018 not September 29, 2018 10 October 26, 2018. The accompanying unaudited interim consolidated financial statements reflect all adjustments of a normal recurring nature that we consider necessary for a fair presentation of results for these interim periods. The results of operations for the nine June 29, 2019 not may September 28, 2019 We have 10 no .

Note 2 - Recent Accounting Pron

Note 2 - Recent Accounting Pronouncements	9 Months Ended
	Jun. 29, 2019
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	( 2 Current Adoptions In August 2016, No. 2016 15 230: No. 2016 15 No. 2016 15 first not In May 2014, No. 2014 09 No. 2014 09 2014 09 first not 3 Future Adoptions In May 2017, No. 2017 09 718 No. 2017 09 No. 2017 09 first 2020. In January 2017, No. 2017 04 350 2 No. 2017 04 first 2021 In February 2016, No. 2016 02 840. No. 2016 02 12 No. 2016 02 first 2020. July 2018, No. 2018 11, 842 No. 2016 02.

Note 3 - Revenue Recognition

Note 3 - Revenue Recognition	9 Months Ended
	Jun. 29, 2019
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	( 3 We recognize revenues when obligations under the terms of a contract with our customers are satisfied, which generally occurs when products are shipped and control is transferred. We enter into contracts that pertain to products, which are accounted for as separate performance obligations and typically one not No. 2014 09 not one Variable consideration that may not The following table disaggregates our net sales by product line: Three Months Ended Nine Months Ended June 29, June 30, June 29, June 30, (In thousands) 2019 2018 2019 2018 Welded wire reinforcement $ 80,007 $ 76,756 $ 215,226 $ 198,453 Prestressed concrete strand 46,245 49,932 127,084 133,393 Total $ 126,252 $ 126,688 $ 342,310 $ 331,846 The following table disaggregates our net sales by geography based on the shipping addresses of our customers: Three Months Ended Nine Months Ended June 29, June 30, June 29, June 30, (In thousands) 2019 2018 2019 2018 United States $ 125,929 $ 126,299 $ 341,169 $ 330,513 Foreign 323 389 1,141 1,333 Total $ 126,252 $ 126,688 $ 342,310 $ 331,846 Contract assets primarily relate to our rights to consideration for products that are delivered but not not not June 29, 2019. Accounts receivable includes amounts billed and currently due from customers stated at their net estimated realizable value. Customer payment terms are generally 30 not

Note 4 - Fair Value Measurement

Note 4 - Fair Value Measurements	9 Months Ended
	Jun. 29, 2019
Notes to Financial Statements
Fair Value Disclosures [Text Block]	( 4 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 three Level 1 Level 2 1, Level 3 no As of June 29, 2019 September 29, 2018, (In thousands) Total Quoted Prices in Active Markets (Level 1) Observable Inputs (Level 2) As of June 29, 2019: Current assets: Cash equivalents $ 6,275 $ 6,275 $ - Other assets: Cash surrender value of life insurance policies 10,211 - 10,211 Total $ 16,486 $ 6,275 $ 10,211 As of September 29, 2018: Current assets: Cash equivalents $ 44,257 $ 44,257 $ - Other assets: Cash surrender value of life insurance policies 9,769 - 9,769 Total $ 54,026 $ 44,257 $ 9,769 Cash equivalents, which include all highly liquid investments with original maturities of three 1 2. As of June 29, 2019 September 29, 2018, no

Note 5 - Intangible Assets

Note 5 - Intangible Assets	9 Months Ended
	Jun. 29, 2019
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	( 5 The primary components of our intangible assets and the related accumulated amortization are as follows: (In thousands) Gross Amount Accumulated Amortization Net Book Value As of June 29, 2019: Customer relationships $ 9,070 $ (2,054 ) $ 7,016 Developed technology and know-how 1,800 (438 ) 1,362 Non-competition agreements 1,800 (1,376 ) 424 Trade name 140 (58 ) 82 $ 12,810 $ (3,926 ) $ 8,884 As of September 29, 2018: Customer relationships $ 9,070 $ (1,598 ) $ 7,472 Developed technology and know-how 1,800 (371 ) 1,429 Non-competition agreements 3,687 (2,994 ) 693 Trade name 140 (31 ) 109 $ 14,697 $ (4,994 ) $ 9,703 Amortization expense for intangibles was $273,000 $299,000 three June 29, 2019 June 30, 2018, $819,000 $987,000 nine June 29, 2019 June 30, 2018, nine June 30, 2018, not

Note 6 - Stock-based Compensati

Note 6 - Stock-based Compensation	9 Months Ended
	Jun. 29, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	( 6 Under our equity incentive plan, employees and directors may February 17, 2015, 2015 “2015 900,000 2015 February 17, 2025, 2005 February 15, 2015. June 29, 2019, 241,000 2015 Stock o ption awards . may three ten $58,000 $51,000 three June 29, 2019 June 30, 2018, $496,000 $522,000 nine June 29, 2019 June 30, 2018, June 29, 2019, $214,000 1.55 The fair value of each option award granted is estimated on the date of grant using a Monte Carlo valuation model. The estimated fair values of stock options granted during the nine June 29, 2019 June 30, 2018 $7.96 $10.46 Nine Months Ended June 29, June 30, 2019 2018 Risk-free interest rate 3.84 % 2.72 % Dividend yield 0.50 % 0.40 % Expected volatility 43.08 % 37.74 % Expected term (in years) 4.56 4.89 The assumptions utilized in the Monte Carlo valuation model 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 was based on the U.S. Treasury yield curve in effect at the time of the grant. The dividend yield was calculated based on our annual dividend as of the option grant date. The expected volatility was derived using a term structure based on historical volatility and the volatility implied by exchange-traded options on our common stock. The expected term for options was 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: Contractual Aggregate Options Exercise Price Per Share Term - Weighted Intrinsic Outstanding Weighted Average Value (in thousands) Range Average (in years) (in thousands) Outstanding at September 29, 2018 264 $10.23 - $41.85 $ 29.25 Granted 58 21.57 - 21.57 21.57 Exercised (5 ) 18.05 - 26.75 23.95 $ 21 Outstanding at June 29, 2019 317 10.23 - 41.85 27.93 7.59 200 Vested and anticipated to vest in the future at June 29, 2019 313 27.91 7.57 200 Exercisable at June 29, 2019 145 26.05 6.14 200 Stock option exercises include “net exercises” for 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 uni t s. one three not $124,000 $117,000 three June 29, 2019 June 30, 2018, $705,000 $719,000 nine June 29, 2019 June 30, 2018, nine June 29, 2019 June 30, 2018 $763,000 $712,000, As of June 29, 2019, $486,000 1.47 The following table summarizes RSU activity: Weighted Restricted Average Stock Units Grant Date (Unit amounts in thousands) Outstanding Fair Value Balance, September 29, 2018 103 $ 30.40 Granted 35 21.57 Released (36 ) 25.28 Balance, June 29, 2019 102 29.16

Note 7 - Income Taxes

Note 7 - Income Taxes	9 Months Ended
	Jun. 29, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	( 7 Effective income tax rate . 22.4% nine June 29, 2019 12.0% nine June 30, 2018. December 22, 2017, 35% 21% January 1, 2018. first $3.7 September 30 24.5% 2018 21% 2019 Deferred income taxes. June 29, 2019, $7.5 $2.1 2022, 2022 2031. $16,000 2019, 2019 2020. The realization of our deferred tax assets is entirely dependent upon our ability to generate future taxable income in applicable jurisdictions. GAAP requires that we periodically assess the need to establish a reserve against our deferred tax assets to the extent we no not June 29, 2019 September 29, 2018, $265,000 $233,000, not not. Uncertainty in income taxes . June 29, 2019, no We file U.S. federal, state and local income tax returns in various jurisdictions. Federal and various state tax returns filed subsequent to 2014

Note 8 - Employee Benefit Plans

Note 8 - Employee Benefit Plans	9 Months Ended
	Jun. 29, 2019
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	( 8 Supplemental employee retirement plan . 30 15 50% five 10 65 30 10 1/360th 30 Net periodic pension cost for the SERPs includes the following components: Three Months Ended Nine Months Ended June 29, June 30, June 29, June 30, (In thousands) 2019 2018 2019 2018 Interest cost $ 96 $ 86 $ 288 $ 258 Service cost 74 70 222 209 Recognized net actuarial loss 35 38 105 114 Net periodic pension cost $ 205 $ 194 $ 615 $ 581

Note 9 - Long-term Debt

Note 9 - Long-term Debt	9 Months Ended
	Jun. 29, 2019
Notes to Financial Statements
Long-term Debt [Text Block]	( 9 Revolving Credit Facility . $100.0 May 2019, June 2010. May 13, 2020 May 15, 2024 may $50.0 $100.0 June 29, 2019, no $98.4 $1.6 Interest rates on the Credit Facility are based upon ( 1 0.50% 2 0.25% 0.50% 1.25% 1.50% 2.00% June 29, 2019, 0.25% 1.25% Our 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 we are unable to make certain representations and warranties provided for under the terms of the Credit Facility. We are required to maintain a fixed charge coverage ratio of not 1.0 twelve $10.0 third not June 29, 2019, not Amortization of capitalized financing costs associated with the Credit Facility was $ 16,000 three June 29, 2019 June 30, 2018, $ 48,000 nine June 29, 2019 June 30, 2018.

Note 10 - Earnings Per Share

Note 10 - Earnings Per Share	9 Months Ended
	Jun. 29, 2019
Notes to Financial Statements
Earnings Per Share [Text Block]	( 1 0 ) Earnings Per Share The computation of basic and diluted earnings per share attributable to common shareholders is as follows: Three Months Ended Nine Months Ended June 29, June 30, June 29, June 30, (In thousands, except per share amounts) 2019 2018 2019 2018 Net earnings $ 2,190 $ 12,868 $ 7,365 $ 26,858 Basic weighted average shares outstanding 19,252 19,070 19,239 19,054 Dilutive effect of stock-based compensation 82 204 97 198 Diluted weighted average shares outstanding 19,334 19,274 19,336 19,252 Net earnings per share: Basic $ 0.11 $ 0.67 $ 0.38 $ 1.41 Diluted $ 0.11 $ 0.67 $ 0.38 $ 1.40 Options and RSUs that were antidilutive and not 276,000 97,000 three June 29, 2019 June 30, 2018, not 221,000 98,000 nine June 29, 2019 June 30, 2018,

Note 11 - Share Repurchases

Note 11 - Share Repurchases	9 Months Ended
	Jun. 29, 2019
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	( 1 1 ) S hare Repurchase s On November 18, 2008, $25.0 may not may June 29, 2019, $24.8 no three nine June 29, 2019 June 30, 2018.

Note 12 - Other Financial Data

Note 12 - Other Financial Data	9 Months Ended
	Jun. 29, 2019
Notes to Financial Statements
Other Financial Data [Text Block]	( 12 Balance sheet information: June 29, September 29, (In thousands) 2019 2018 Accounts receivable, net: Accounts receivable $ 51,024 $ 51,779 Less allowance for doubtful accounts (281 ) (295 ) Total $ 50,743 $ 51,484 Inventories: Raw materials $ 52,279 $ 61,008 Work in process 5,953 4,779 Finished goods 46,392 28,370 Total $ 104,624 $ 94,157 Other current assets: Prepaid insurance $ 4,210 $ 3,845 Income tax receivable 1,359 - Other 1,342 2,050 Total $ 6,911 $ 5,895 Other assets: Cash surrender value of life insurance policies $ 10,211 $ 9,769 Capitalized financing costs, net 235 40 Other 114 104 Total $ 10,560 $ 9,913 Property, plant and equipment, net: Land and land improvements $ 14,512 $ 14,438 Buildings 56,370 54,684 Machinery and equipment 165,824 160,068 Construction in progress 5,196 9,672 241,902 238,862 Less accumulated depreciation (134,571 ) (132,714 ) Total $ 107,331 $ 106,148 Accrued expenses: Salaries, wages and related expenses $ 1,950 $ 6,775 Property taxes 1,227 1,585 Customer rebates 1,188 1,531 Sales allowance reserves 1,028 804 Workers' compensation 112 113 Income taxes - 469 Other 891 652 Total $ 6,396 $ 11,929 Other liabilities: Deferred compensation $ 11,231 $ 10,541 Deferred income taxes 7,533 5,340 Total $ 18,764 $ 15,881

Note 13 - Business Segment Info

Note 13 - Business Segment Information	9 Months Ended
	Jun. 29, 2019
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	( 13 Our operations are entirely focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. Our concrete reinforcing products consist of two 280, Segment Reporting one

Note 14 - Contingencies

Note 14 - Contingencies	9 Months Ended
	Jun. 29, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	( 14 Insurance recoveries. In August 2018, first three June 29, 2019, $486,000 $339,000 $144,000 $3,000 nine June 29, 2019, $2.2 September 29, 2018 $462,000 $1.1 $645,000 $48,000 In August 2017, first nine June 29, 2019, $150,000 $98,000 three June 30, 2018, $52,000 $5,000 $47,000 nine June 30, 2018, $439,000 $418,000 $26,000 $47,000 Legal proceedings . not

Note 3 - Revenue Recognition (T

Note 3 - Revenue Recognition (Tables)	9 Months Ended
	Jun. 29, 2019
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended Nine Months Ended June 29, June 30, June 29, June 30, (In thousands) 2019 2018 2019 2018 Welded wire reinforcement $ 80,007 $ 76,756 $ 215,226 $ 198,453 Prestressed concrete strand 46,245 49,932 127,084 133,393 Total $ 126,252 $ 126,688 $ 342,310 $ 331,846 Three Months Ended Nine Months Ended June 29, June 30, June 29, June 30, (In thousands) 2019 2018 2019 2018 United States $ 125,929 $ 126,299 $ 341,169 $ 330,513 Foreign 323 389 1,141 1,333 Total $ 126,252 $ 126,688 $ 342,310 $ 331,846

Note 4 - Fair Value Measureme_2

Note 4 - Fair Value Measurements (Tables)	9 Months Ended
	Jun. 29, 2019
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	(In thousands) Total Quoted Prices in Active Markets (Level 1) Observable Inputs (Level 2) As of June 29, 2019: Current assets: Cash equivalents $ 6,275 $ 6,275 $ - Other assets: Cash surrender value of life insurance policies 10,211 - 10,211 Total $ 16,486 $ 6,275 $ 10,211 As of September 29, 2018: Current assets: Cash equivalents $ 44,257 $ 44,257 $ - Other assets: Cash surrender value of life insurance policies 9,769 - 9,769 Total $ 54,026 $ 44,257 $ 9,769

Note 5 - Intangible Assets (Tab

Note 5 - Intangible Assets (Tables)	9 Months Ended
	Jun. 29, 2019
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	(In thousands) Gross Amount Accumulated Amortization Net Book Value As of June 29, 2019: Customer relationships $ 9,070 $ (2,054 ) $ 7,016 Developed technology and know-how 1,800 (438 ) 1,362 Non-competition agreements 1,800 (1,376 ) 424 Trade name 140 (58 ) 82 $ 12,810 $ (3,926 ) $ 8,884 As of September 29, 2018: Customer relationships $ 9,070 $ (1,598 ) $ 7,472 Developed technology and know-how 1,800 (371 ) 1,429 Non-competition agreements 3,687 (2,994 ) 693 Trade name 140 (31 ) 109 $ 14,697 $ (4,994 ) $ 9,703

Note 6 - Stock-based Compensa_2

Note 6 - Stock-based Compensation (Tables)	9 Months Ended
	Jun. 29, 2019
Notes Tables
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Nine Months Ended June 29, June 30, 2019 2018 Risk-free interest rate 3.84 % 2.72 % Dividend yield 0.50 % 0.40 % Expected volatility 43.08 % 37.74 % Expected term (in years) 4.56 4.89
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Contractual Aggregate Options Exercise Price Per Share Term - Weighted Intrinsic Outstanding Weighted Average Value (in thousands) Range Average (in years) (in thousands) Outstanding at September 29, 2018 264 $10.23 - $41.85 $ 29.25 Granted 58 21.57 - 21.57 21.57 Exercised (5 ) 18.05 - 26.75 23.95 $ 21 Outstanding at June 29, 2019 317 10.23 - 41.85 27.93 7.59 200 Vested and anticipated to vest in the future at June 29, 2019 313 27.91 7.57 200 Exercisable at June 29, 2019 145 26.05 6.14 200
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	Weighted Restricted Average Stock Units Grant Date (Unit amounts in thousands) Outstanding Fair Value Balance, September 29, 2018 103 $ 30.40 Granted 35 21.57 Released (36 ) 25.28 Balance, June 29, 2019 102 29.16

Note 8 - Employee Benefit Pla_2

Note 8 - Employee Benefit Plans (Tables)	9 Months Ended
	Jun. 29, 2019
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	Three Months Ended Nine Months Ended June 29, June 30, June 29, June 30, (In thousands) 2019 2018 2019 2018 Interest cost $ 96 $ 86 $ 288 $ 258 Service cost 74 70 222 209 Recognized net actuarial loss 35 38 105 114 Net periodic pension cost $ 205 $ 194 $ 615 $ 581

Note 10 - Earnings Per Share (T

Note 10 - Earnings Per Share (Tables)	9 Months Ended
	Jun. 29, 2019
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended June 29, June 30, June 29, June 30, (In thousands, except per share amounts) 2019 2018 2019 2018 Net earnings $ 2,190 $ 12,868 $ 7,365 $ 26,858 Basic weighted average shares outstanding 19,252 19,070 19,239 19,054 Dilutive effect of stock-based compensation 82 204 97 198 Diluted weighted average shares outstanding 19,334 19,274 19,336 19,252 Net earnings per share: Basic $ 0.11 $ 0.67 $ 0.38 $ 1.41 Diluted $ 0.11 $ 0.67 $ 0.38 $ 1.40

Note 12 - Other Financial Data

Note 12 - Other Financial Data (Tables)	9 Months Ended
	Jun. 29, 2019
Notes Tables
Condensed Balance Sheet [Table Text Block]	June 29, September 29, (In thousands) 2019 2018 Accounts receivable, net: Accounts receivable $ 51,024 $ 51,779 Less allowance for doubtful accounts (281 ) (295 ) Total $ 50,743 $ 51,484 Inventories: Raw materials $ 52,279 $ 61,008 Work in process 5,953 4,779 Finished goods 46,392 28,370 Total $ 104,624 $ 94,157 Other current assets: Prepaid insurance $ 4,210 $ 3,845 Income tax receivable 1,359 - Other 1,342 2,050 Total $ 6,911 $ 5,895 Other assets: Cash surrender value of life insurance policies $ 10,211 $ 9,769 Capitalized financing costs, net 235 40 Other 114 104 Total $ 10,560 $ 9,913 Property, plant and equipment, net: Land and land improvements $ 14,512 $ 14,438 Buildings 56,370 54,684 Machinery and equipment 165,824 160,068 Construction in progress 5,196 9,672 241,902 238,862 Less accumulated depreciation (134,571 ) (132,714 ) Total $ 107,331 $ 106,148 Accrued expenses: Salaries, wages and related expenses $ 1,950 $ 6,775 Property taxes 1,227 1,585 Customer rebates 1,188 1,531 Sales allowance reserves 1,028 804 Workers' compensation 112 113 Income taxes - 469 Other 891 652 Total $ 6,396 $ 11,929 Other liabilities: Deferred compensation $ 11,231 $ 10,541 Deferred income taxes 7,533 5,340 Total $ 18,764 $ 15,881

Note 3 - Revenue Recognition -

Note 3 - Revenue Recognition - Disaggregation of Net Sales by Product Line (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Revenue	$ 126,252	$ 126,688	$ 342,310	$ 331,846
UNITED STATES
Revenue	125,929	126,299	341,169	330,513
Non-US [Member]
Revenue	323	389	1,141	1,333
Welded Wire Reinforcement [Member]
Revenue	80,007	76,756	215,226	198,453
Prestressed Concrete Strand [Member]
Revenue	$ 46,245	$ 49,932	$ 127,084	$ 133,393

Note 4 - Fair Value Measureme_3

Note 4 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	Jun. 29, 2019	Sep. 29, 2018
Non Financial [Member] | Fair Value, Nonrecurring [Member]
Assets, Fair Value Disclosure	$ 0	$ 0

Note 4 - Fair Value Measureme_4

Note 4 - Fair Value Measurements - Fair Value of Financial Assets (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Jun. 29, 2019	Sep. 29, 2018
Cash equivalents	$ 6,275	$ 44,257
Cash surrender value of life insurance policies	10,211	9,769
Total	16,486	54,026
Fair Value, Inputs, Level 1 [Member]
Cash equivalents	6,275	44,257
Cash surrender value of life insurance policies
Total	6,275	44,257
Fair Value, Inputs, Level 2 [Member]
Cash equivalents
Cash surrender value of life insurance policies	10,211	9,769
Total	$ 10,211	$ 9,769

Note 5 - Intangible Assets (Det

Note 5 - Intangible Assets (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Amortization of Intangible Assets, Total	$ 273,000	$ 299,000	$ 819,000	$ 987,000

Note 5 - Intangible Assets - Su

Note 5 - Intangible Assets - Summary of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 29, 2019	Sep. 29, 2018
Gross	$ 12,810	$ 14,697
Accumulated Amortization	(3,926)	(4,994)
Net Book Value	8,884	9,703
Customer Relationships [Member]
Gross	9,070	9,070
Accumulated Amortization	(2,054)	(1,598)
Net Book Value	7,016	7,472
Technology-Based Intangible Assets [Member]
Gross	1,800	1,800
Accumulated Amortization	(438)	(371)
Net Book Value	1,362	1,429
Noncompete Agreements [Member]
Gross	1,800	3,687
Accumulated Amortization	(1,376)	(2,994)
Net Book Value	424	693
Trade Names [Member]
Gross	140	140
Accumulated Amortization	(58)	(31)
Net Book Value	$ 82	$ 109

Note 6 - Stock-based Compensa_3

Note 6 - Stock-based Compensation (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018	Feb. 17, 2015
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount	$ 214,000		$ 214,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition			1 year 200 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 7.96	$ 10.46
Share-based Payment Arrangement, Option [Member]
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
Share-based Payment Arrangement, Expense	58,000	$ 51,000	$ 496,000	$ 522,000
Restricted Stock Units (RSUs) [Member]
Share-based Payment Arrangement, Expense	124,000	$ 117,000	$ 705,000	719,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition			1 year 171 days
Shares Granted, Value, Share-based Payment Arrangement, after Forfeiture, Total			$ 763,000	$ 712,000
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount	$ 486,000		$ 486,000
Restricted Stock Units (RSUs) [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			1 year
Restricted Stock Units (RSUs) [Member] | Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years
The 2015 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized					900,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	241,000		241,000

Note 6 - Stock-based Compensa_4

Note 6 - Stock-based Compensation - Stock Option Valuation Assumptions (Details) - Share-based Payment Arrangement, Option [Member]	9 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Risk-free interest rate	3.84%	2.72%
Dividend yield	0.50%	0.40%
Expected volatility	43.08%	37.74%
Expected term (Year)	4 years 204 days	4 years 324 days

Note 6 - Stock-based Compensa_5

Note 6 - Stock-based Compensation - Stock Option Activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Jun. 29, 2019USD ($)$ / sharesshares
Options outstanding, balance (in shares) | shares	264
Weighted average exercise price per share, (in dollars per share)	$ 29.25
Options outstanding, granted (in shares) | shares	58
Weighted average exercise price per share, granted (in dollars per share)	$ 21.57
Options outstanding, exercised (in shares) | shares	(5)
Weighted average exercise price per share, exercised (in dollars per share)	$ 23.95
Exercised | $	$ 21
Options outstanding, balance (in shares) | shares	317
Weighted average exercise price per share (in dollars per share)	$ 27.93
Contractual term - weighted average, balance (Year)	7 years 215 days
Aggregate intrinsic value, balance | $	$ 200
Options outstanding, vested and anticipated to vest in future (in shares) | shares	313
Weighted average exercise price per share, vested and anticipated to vest in future (in dollars per share)	$ 27.91
Contractual term - weighted average, vested and anticipated to vest in future (Year)	7 years 208 days
Aggregate intrinsic value, vested and anticipated to vest in future | $	$ 200
Options outstanding, exercisable (in shares) | shares	145
Weighted average exercise price per share, exercisable (in dollars per share)	$ 26.05
Contractual term - weighted average, exercisable (Year)	6 years 51 days
Aggregate intrinsic value, exercisable | $	$ 200
Minimum [Member]
Exercise price per share, balance, lower (in dollars per share)	$ 10.23
Exercise price per share, granted, lower (in dollars per share)	21.57
Exercise price per share, exercised, lower (in dollars per share)	18.05
Maximum [Member]
Exercise price per share, balance, upper (in dollars per share)	41.85
Exercise price per share, granted, upper (in dollars per share)	21.57
Exercise price per share, exercised, upper (in dollars per share)	$ 26.75

Note 6 - Stock-based Compensa_6

Note 6 - Stock-based Compensation - RSU Activity (Details) - Restricted Stock Units (RSUs) [Member] shares in Thousands	9 Months Ended
	Jun. 29, 2019$ / sharesshares
Restricted stock units outstanding, balance (in shares) | shares	103
Weighted average grant date fair value, balance (in dollars per share) | $ / shares	$ 30.40
Restricted stock units outstanding, granted (in shares) | shares	35
Weighted average grant date fair value, granted (in dollars per share) | $ / shares	$ 21.57
Restricted stock units outstanding, released (in shares) | shares	(36)
Weighted average grant date fair value, released (in dollars per share) | $ / shares	$ 25.28
Restricted stock units outstanding, balance (in shares) | shares	102
Weighted average grant date fair value, balance (in dollars per share) | $ / shares	$ 29.16

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual) - USD ($)	3 Months Ended	9 Months Ended		12 Months Ended
	Dec. 29, 2018	Jun. 29, 2019	Jun. 30, 2018	Sep. 29, 2018
Effective Income Tax Rate Reconciliation, Percent, Total		22.40%	12.00%
Tax Cuts and Jobs Act, Change in Tax Rate, Deferred Tax Liability, Income Tax Benefit	$ 3,700,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent				24.50%
Deferred Tax Liabilities, Net, Noncurrent		$ 7,533,000		$ 5,340,000
Deferred Tax Assets, Tax Credit Carryforwards, Total		16,000
Deferred Tax Assets, Valuation Allowance, Total		265,000		$ 233,000
State and Local Jurisdiction [Member]
Operating Loss Carryforwards, Total		$ 2,100,000
State and Local Jurisdiction [Member] | Earliest Tax Year [Member]
Operating Loss Carryforwards Expiration Date 1		2022
Tax Credit Carryforward, Expiration Date 1		2019
State and Local Jurisdiction [Member] | Latest Tax Year [Member]
Operating Loss Carryforwards Expiration Date 1		2031
Tax Credit Carryforward, Expiration Date 1		2020

Note 8 - Employee Benefit Pla_3

Note 8 - Employee Benefit Plans (Details Textual)	9 Months Ended
	Jun. 29, 2019
Supplemental Employee Retirement Plan [Member]
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
Supplemental Employee Retirement Plan [Member] | Maximum [Member]
Defined Benefit Plan Employment Term	30 years
Reduced SERP [Member]
Defined Benefit Plan Retirement Age	65
Defined Benefit Plan, Reduction for Each Month	0.0028%
Reduced SERP [Member] | Minimum [Member]
Defined Benefit Plan Employment Term	10 years

Note 8 - Employee Benefit Pla_4

Note 8 - Employee Benefit Plans - Net Periodic Pension Costs and Related Components (Details) - Supplemental Employee Retirement Plan [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Interest cost	$ 96	$ 86	$ 288	$ 258
Service cost	74	70	222	209
Recognized net actuarial loss	35	38	105	114
Net periodic pension cost	$ 205	$ 194	$ 615	$ 581

Note 9 - Long-term Debt (Detail

Note 9 - Long-term Debt (Details Textual)	1 Months Ended	3 Months Ended		9 Months Ended
	May 31, 2019USD ($)	Jun. 29, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 29, 2019USD ($)	Jun. 30, 2018USD ($)	Mar. 30, 2019USD ($)
Amortization of Debt Issuance Costs		$ 16,000	$ 16,000	$ 48,000	$ 48,000
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		100,000,000		100,000,000
Line Of Credit Facility, Additional Borrowing Capacity	$ 50,000,000
Line of Credit Facility, Remaining Borrowing Capacity		98,400,000		98,400,000		$ 100,000,000
Long-term Line of Credit, Total		0		0
Letters of Credit Outstanding, Amount		$ 1,600,000		$ 1,600,000
Debt Instrument, Interest Rate, Increase (Decrease)				2.00%
Fixed Charge Coverage Ratio				1
Credit Facility, Liquidity Amount				$ 10,000,000
Revolving Credit Facility [Member] | Fed Funds Effective Rate Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate				0.50%
Revolving Credit Facility [Member] | Base Rate [Member]
Line of Credit Facility, Interest Rate at Period End		0.25%		0.25%
Revolving Credit Facility [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate				0.25%
Revolving Credit Facility [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate				0.50%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Line of Credit Facility, Interest Rate at Period End		1.25%		1.25%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate				1.25%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate				1.50%

Note 10 - Earnings Per Share (D

Note 10 - Earnings Per Share (Details Textual) - shares	3 Months Ended		9 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	276,000	97,000	221,000	98,000

Note 10 - Earnings Per Share -

Note 10 - Earnings Per Share - Basic and Diluted Earnings Per Share Attributable to Common Shareholders (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Jun. 29, 2019	Mar. 30, 2019	Dec. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Jun. 29, 2019	Jun. 30, 2018
Net earnings	$ 2,190	$ 1,049	$ 4,126	$ 12,868	$ 5,879	$ 8,111	$ 7,365	$ 26,858
Basic weighted average shares outstanding (in shares)	19,252			19,070			19,239	19,054
Dilutive effect of stock-based compensation (in shares)	82			204			97	198
Diluted weighted average shares outstanding (in shares)	19,334			19,274			19,336	19,252
Basic (in dollars per share)	$ 0.11			$ 0.67			$ 0.38	$ 1.41
Diluted (in dollars per share)	$ 0.11			$ 0.67			$ 0.38	$ 1.40

Note 11 - Share Repurchases (De

Note 11 - Share Repurchases (Details Textual) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018	Nov. 18, 2008
Stock Repurchase Program, Authorized Amount					$ 25
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 24.8		$ 24.8
Stock Repurchased During Period, Shares	0	0	0	0

Note 12 - Other Financial Dat_2

Note 12 - Other Financial Data - Balance Sheet Information (Details) - USD ($) $ in Thousands	Jun. 29, 2019	Sep. 29, 2018
Accounts receivable	$ 51,024	$ 51,779
Less allowance for doubtful accounts	(281)	(295)
Total	50,743	51,484
Raw materials	52,279	61,008
Work in process	5,953	4,779
Finished goods	46,392	28,370
Total	104,624	94,157
Prepaid insurance	4,210	3,845
Income tax receivable	1,359
Other	1,342	2,050
Total	6,911	5,895
Cash surrender value of life insurance policies	10,211	9,769
Capitalized financing costs, net	235	40
Other	114	104
Total	10,560	9,913
Land and land improvements	14,512	14,438
Buildings	56,370	54,684
Machinery and equipment	165,824	160,068
Construction in progress	5,196	9,672
Property, plant and equipment, gross	241,902	238,862
Less accumulated depreciation	(134,571)	(132,714)
Total	107,331	106,148
Salaries, wages and related expenses	1,950	6,775
Property taxes	1,227	1,585
Customer rebates	1,188	1,531
Sales allowance reserves	1,028	804
Workers' compensation	112	113
Income taxes		469
Other	891	652
Total	6,396	11,929
Deferred compensation	11,231	10,541
Deferred Tax Liabilities, Net, Noncurrent	7,533	5,340
Total	$ 18,764	$ 15,881

Note 13 - Business Segment In_2

Note 13 - Business Segment Information (Details Textual)	9 Months Ended
	Jun. 29, 2019
Number of Reportable Segments	1

Note 14 - Contingencies (Detail

Note 14 - Contingencies (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018	Sep. 29, 2018
Fire [Member]
Insurance Recoveries	$ 486,000		$ 2,200,000
Insurance Settlements Receivable					$ 462,000
Fire [Member] | Cost of Sales [Member]
Insurance Recoveries	339,000		645,000
Fire [Member] | Other Income [Member]
Insurance Recoveries	144,000		1,100,000
Fire [Member] | Selling, General and Administrative Expenses [Member]
Insurance Recoveries	$ 3,000		48,000
Storm [Member]
Insurance Recoveries			150,000	$ 439,000
Increase (Decrease) in Insurance Settlements Receivable		$ 52,000
Storm [Member] | Cost of Sales [Member]
Insurance Recoveries				418,000
Storm [Member] | Other Income [Member]
Insurance Recoveries		47,000	$ 98,000	47,000
Storm [Member] | Selling, General and Administrative Expenses [Member]
Insurance Recoveries		$ 5,000		$ 26,000