Hutchinson Technology (HTCH) 10-Q 5 Aug 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jun. 28, 2015	Aug. 03, 2015
Document Information [Line Items]
Entity Registrant Name	HUTCHINSON TECHNOLOGY INC
Document Type	10-Q
Current Fiscal Year End Date	--09-27
Entity Common Stock, Shares Outstanding		33,526,029
Amendment Flag	false
Entity Central Index Key	772,897
Entity Filer Category	Accelerated Filer
Document Period End Date	Jun. 28, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	HTCH

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($) $ in Thousands	Jun. 28, 2015	Sep. 28, 2014
Current assets:
Cash and cash equivalents (Note 2)	$ 35,387	$ 37,939
Short-term investments restricted (Note 3)	965	965
Trade receivables, net (Note 4)	21,287	23,971
Other receivables	2,021	2,894
Inventories	43,960	48,978
Other current assets	2,822	4,323
Total current assets	106,442	119,070
Property, plant and equipment, net	145,306	153,169
Other assets	4,602	2,926
Total assets	256,350	275,165
Current liabilities:
Current debt, net of discount (Note 6)	6,000	48,731
Current portion of capital lease obligation	2,434	2,109
Accounts payable	17,214	19,055
Accrued expenses	7,481	6,406
Accrued compensation	9,688	9,312
Total current liabilities	42,817	85,613
Long-term debt, net of discount (Note 6)	122,565	87,168
Capital lease obligation	5,106	4,464
Other long-term liabilities	$ 3,916	$ 3,092
Commitments and contingencies (Notes 6 and 7)
Shareholders' equity:
Common stock, $.01 par value, 100,000,000 shares authorized, 33,526,000 and 28,058,000 issued and outstanding	$ 335	$ 281
Additional paid-in capital	451,767	433,308
Accumulated other comprehensive loss	(2,176)	(543)
Accumulated loss	(367,980)	(338,218)
Total shareholders' equity	81,946	94,828
Total liabilities and shareholders' equity	$ 256,350	$ 275,165

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED (Parenthetical) - $ / shares	Jun. 28, 2015	Sep. 28, 2014
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	33,526,000	28,058,000
Common Stock, Shares, Outstanding	33,526,000	28,058,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Net sales	$ 54,675	$ 59,772	$ 189,457	$ 190,783
Cost of sales	49,846	56,215	166,902	175,833
Gross profit	4,829	3,557	22,555	14,950
Research and development expenses	5,165	4,157	18,304	12,488
Selling, general and administrative expenses	5,726	5,268	17,559	17,343
Severance and site consolidation expenses (Note 10)	0	1,544	159	2,786
Asset impairment (Note 9)	0	0	0	4,470
Loss from operations	(6,062)	(7,412)	(13,467)	(22,137)
Other (expense) income, net	(1,004)	179	(1,292)	(2,238)
Loss on extinguishment of long-term debt	0	0	(4,318)	0
Interest income	7	28	26	63
Interest expense	(3,086)	(3,987)	(10,809)	(11,723)
Loss before income taxes	(10,145)	(11,192)	(29,860)	(36,035)
Provision (benefit) for income taxes (Note 12)	15	15	(98)	(776)
Net loss	$ (10,160)	$ (11,207)	$ (29,762)	$ (35,259)
Basic loss per share (in Dollars per share)	$ (0.30)	$ (0.40)	$ (0.92)	$ (1.26)
Diluted loss per share (in Dollars per share)	$ (0.30)	$ (0.40)	$ (0.92)	$ (1.26)
Weighted-average common shares outstanding (in shares)	33,493	28,055	32,437	27,967
Weighted-average diluted shares outstanding (in shares)	33,493	28,055	32,437	27,967

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Net loss	$ (10,160)	$ (11,207)	$ (29,762)	$ (35,259)
Other comprehensive (loss) income
Foreign currency translation, net of income taxes of $0	(1,451)	16	(1,633)	(442)
Other comprehensive (loss) income	(1,451)	16	(1,633)	(442)
Total comprehensive loss	$ (11,611)	$ (11,191)	$ (31,395)	$ (35,701)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - UNAUDITED (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	$ 0	$ 0	$ 0	$ 0

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands	9 Months Ended
	Jun. 28, 2015	Jun. 29, 2014
OPERATING ACTIVITIES:
Net loss	$ (29,762)	$ (35,259)
Adjustments to reconcile net loss to cash provided by operating activities:
Depreciation and amortization	24,134	28,944
Stock-based compensation	1,041	976
Loss on disposal of assets	63	80
Asset impairment charges (Note 9)	0	4,470
Non-cash interest expense	1,622	2,475
Loss on extinguishment of debt (Note 6)	4,318	0
Severance and site consolidation expenses (Note 10)	(27)	949
Changes in operating assets and liabilities	9,463	(2,293)
Cash provided by operating activities	10,852	342
INVESTING ACTIVITIES:
Capital expenditures	(17,344)	(13,396)
Proceeds from sale/leaseback of equipment	3,111	6,395
Proceeds from sale of building and related assets	0	4,364
Change in restricted cash	19	1,609
Purchases of marketable securities	(965)	(1,195)
Sales/maturities of marketable securities	965	1,200
Cash used for investing activities	(14,214)	(1,023)
FINANCING ACTIVITIES:
Proceeds from issuance of common stock	60	26
Repayments of capital lease	(1,749)	(1,230)
Repayments of revolving credit line	(100,389)	(153,950)
Proceeds from revolving credit line	93,856	154,770
Repayments of debt	(40,572)	0
Proceeds from private placement of debt	37,500	0
Proceeds from term loan	15,000	0
Debt refinancing costs (Note 6)	(3,175)	0
Cash provided by (used for) financing activities	531	(384)
Effect of exchange rate changes on cash	279	657
Net decrease in cash and cash equivalents	(2,552)	(408)
Cash and cash equivalents at beginning of period	37,939	39,403
Cash and cash equivalents at end of period	35,387	38,995
Supplemental cash flow disclosure:
Cash interest paid (net of amount capitalized)	7,267	5,736
Income taxes paid	9	154
Assets acquired through capital lease	3,051	4,209
Non-cash exchange of debt for equity (Note 6)	$ 15,000	$ 0

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Jun. 28, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting [Text Block]	(1) BASIS OF PRESENTATION The condensed consolidated financial statements have been prepared by us, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The information furnished in the condensed consolidated financial statements includes normal recurring adjustments and reflects all adjustments which are, in the opinion of our management, necessary for a fair presentation of such financial statements. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. Although we believe that the disclosures are adequate to make the information presented not misleading, we suggest that these condensed consolidated financial statements be read in conjunction with the financial statements and the notes thereto included in our latest Annual Report on Form 10-K. The quarterly results are not necessarily indicative of the actual results that may occur for the entire fiscal year.

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS	9 Months Ended
	Jun. 28, 2015
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents Disclosure [Text Block]	(2) CASH AND CASH EQUIVALENTS Cash and cash equivalents consist of all highly liquid investments with original maturities of three months or less. As of June 28, 2015, and September 28, 2014, we had $ 2,039,000 2,059,000

INVESTMENTS

INVESTMENTS	9 Months Ended
	Jun. 28, 2015
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	INVESTMENTS June 28, 2015 September 28, 2014 Available-for-sale securities U.S government debt securities $ 965 $ 965 Our short-term investments are comprised of United States government debt securities. Unrealized gains and losses deemed to be temporary on available-for-sale securities are reported as other comprehensive gain or loss within shareholders’ equity. As of June 28, 2015, our short-term investments were scheduled to mature within one year. As of June 28, 2015, and September 28, 2014, we had $ 965,000 965,000

TRADE RECEIVABLES

TRADE RECEIVABLES	9 Months Ended
	Jun. 28, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	(4) TRADE RECEIVABLES Early in the second quarter of 2015, we received a $ 15,000,000 5,985,000 We grant credit to our customers, but generally do not require collateral or any other security to support amounts due. Trade receivables of $ 21,287,000 23,971,000 514,000 497,000 During the thirteen weeks ended June 28, 2015, we entered into multiple independent bill of exchange discounting transactions under an uncommitted facility with Hongkong and Shanghai Banking Corporation Limited, Bangkok Branch (“HSBC”), 23,613,000 95 1.75 5 856,000 We generally warrant that the products sold by us will be free from defects in materials and workmanship for a period of one year or less following delivery to our customer. Upon determination that the products sold are defective, we typically accept the return of such products and refund the purchase price to our customer. We record a provision against revenue for estimated returns on sales of our products in the same period that the related revenues are recognized. We base the allowance on historical product returns, as well as existing product return authorizations. Increases in the Reductions in the September 28, Allowance Related to Allowance for Returns June 28, 2014 Warranties Issued Under Warranties 2015 $ 497 $ 3,070 $ (3,053) $ 514

INVENTORIES

INVENTORIES	9 Months Ended
	Jun. 28, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	(5) INVENTORIES Inventories are valued at the lower of cost (first-in, first-out method) or market by analyzing market conditions, current sales prices, inventory costs and inventory balances. June 28, September 28, 2015 2014 Raw materials $ 17,982 $ 21,376 Work in process 10,636 11,860 Finished goods 15,342 15,742 $ 43,960 $ 48,978

DEBT

DEBT	9 Months Ended
	Jun. 28, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	(6) Debt June 28, September 28, 2015 2014 8.50% Convertible Notes $ – $ 39,822 8.50% Convertible Notes debt discount – (624) 8.50% Secured Notes 63,931 78,931 8.50% Secured Notes debt discount (2,043) (3,575) 10.875% Notes 12,200 12,200 10.875% Notes debt discount (273) (388) 8.50% New Convertible Notes 37,500 – PNC term loan 14,250 – Senior secured credit facility 3,000 9,533 Total debt, net of discounts 128,565 135,899 Less: Current maturities, net of discounts (6,000) (48,731) Total long-term debt, net of discounts $ 122,565 $ 87,168 October 2014 Financing Transactions On October 23, 2014, we issued $ 37,500,000 October 31, 2019 1,000 266.6667 3.75 7,500,000 120 35,000,000 1,652,000 39,822,000 35,000,000 On October 23, 2014, we entered into an agreement providing for the private exchange of $ 15,000,000 2,500,000 2,500,000 0.01 1,250,000 1,246,493 1,250,000 1,246,428 17,388,000 4,318,000 1,232,000 To accommodate the October 2014 debt transactions described above, on October 20, 2014, we entered into supplemental indentures relating to our 8.50% Secured Notes and to our 10.875% Senior Secured Second Lien Notes due 2017 (the “10.875% Notes”). Additionally, on October 20, 2014, we entered into an amendment to our senior secured credit agreement, dated as of September 16, 2011, as previously amended, with PNC Bank, National Association (“PNC Bank”). Under the amendment, PNC Bank consented to the transactions contemplated by the 8.50% New Convertible Notes and the exchange transaction, referred to above. 8.50% Convertible Notes As described previously, on January 15, 2015, we completed a redemption of the existing $ 39,822,000 8.50% Secured Notes We currently have outstanding $ 63,931,000 of originally issued in March 2012 in the aggregate principal amount of $ 78,931,000 38,931,000 40,000,000 3,869,000 39,400,000 8,489,000 3,869,000 The 8.50% Secured Notes bear interest at a rate of 8.50% per annum, payable semi-annually in arrears on January 15 and July 15 of each year, beginning July 15, 2012, and mature on January 15, 2017, unless redeemed or repurchased in accordance with their terms. The 8.50% Secured Notes are secured by liens on all assets securing our existing or future senior secured credit facilities (other than certain excluded assets), which liens rank junior in priority to any liens securing our senior secured credit facilities and other permitted priority liens . We may redeem all or part of the 8.50% Secured Notes at any time by paying 100 As described previously, on October 23, 2014, we entered into an agreement for the private exchange of $15,000,000 aggregate principal amount of our 8.50% Secured Notes held by a certain holder for 2,500,000 shares of our common stock and warrants to purchase an additional 2,500,000 shares of our common stock on a cashless basis at an exercise price of $0.01 per share. On November 25, 2014, 1,250,000 warrants were exercised which resulted in the issuance of 1,246,493 shares of common stock. On January 15, 2015, the remaining 1,250,000 warrants were exercised which resulted in the issuance of 1,246,428 shares of common stock and no warrants remain outstanding. 10.875% Notes On January 22, 2013, we issued $ 12,200,000 11,590,000 January 15, 2017 To accommodate the January 2013 debt transactions, on January 22, 2013, we entered into (i) a first supplemental indenture to the indenture dated as of March 30, 2012, which governs the 8.50% Secured Notes, and (ii) a consent and third amendment to our revolving credit and security agreement. Debt financing costs of $ 359,000 Senior Secured Credit Facility On September 22, 2014, we entered into an amendment to our existing senior secured credit facility dated as of September 16, 2011, as previously amended, with PNC Bank. The amendment reduced the maximum principal amount of the revolving credit facility provided by the credit agreement from $ 35,000,000 20,000,000 December 1, 2016 15,000,000 2,500,000 The September 2014 amendment also required us to maintain cash on our balance sheet, including restricted cash, during the period from December 1, 2014 through January 16, 2015 (the day after the 2015 put date for our 8.50% Convertible Notes) and during the period from December 1, 2015 through January 16, 2016 the day after the 2016 put date for our 8.50% Convertible Notes) in an amount not less than the aggregate principal amount of our 8.50% Convertible Notes then outstanding, and to establish a reserve against our borrowing base during each such period in the same amount. The amendment permits us to redeem, repurchase or repay our 8.50% Convertible Notes in whole or in part at any time as long as, after giving effect to such redemption, repurchase or repayment, no default or event of default exists under the credit agreement and we have liquidity of not less than $ 20,000,000 39,822,000 On April 30, 2015, we entered into an additional amendment to our existing senior secured credit facility dated as of September 16, 2011, as previously amended, with PNC Bank to maintain compliance with a financial covenant of our credit agreement. The amendment (i) modified the fixed charge coverage covenant under our credit agreement to eliminate the requirement for our quarter ended March 29, 2015 and quarters ending June 28, 2015 and September 27, 2015 and changed the measurement periods starting with our quarter ending December 27, 2015 by excluding from such measurement periods all quarters ended on or prior to September 27, 2015, and (ii) implemented an additional earnings before interest, taxes, depreciation and amortization (“EBITDA”) covenant for our quarter ended March 29, 2015 and quarters ending June 28, 2015 and September 27, 2015. Our credit agreement with PNC Bank and the indentures governing the 8.50% Secured Notes and the 10.875% Notes each contain certain covenants that, among other things, limit our and our restricted subsidiaries’ ability to incur additional indebtedness; pay dividends on or make distributions in respect of capital stock or make certain other restricted payments or investments; enter into agreements that restrict distributions from restricted subsidiaries; sell or otherwise dispose of assets, including capital stock of restricted subsidiaries; enter into transactions with affiliates; create or incur liens; enter into operating leases; merge, consolidate or sell substantially all of our assets; make capital expenditures; change the nature of our business; and expend the assets or free cash flow of certain subsidiaries. The indentures also limit the amount of our consolidated total assets and free cash flow that can be attributable to subsidiaries that have not guaranteed the 8.50% Secured Notes or, in certain cases, have not pledged their stock to secure the 8.50% Secured Notes. From time to time, we borrow funds under the senior secured credit facility. As of June 28, 2015, we had $ 3,000,000 751,000 1.0 3.5 PNC Term Loan On December 23, 2014, we entered into an amendment to our existing senior secured credit facility dated as of September 16, 2011, as previously amended, with PNC Bank, as agent and lender. Pursuant to the amendment, a term loan was made to us in the amount of $15,000,000. The same covenants in our credit facility agreement with PNC Bank apply to this term loan. The term loan may consist of domestic rate loans, with a per annum interest rate equal to PNC Bank’s alternate base rate (as defined in the credit agreement) plus 2.50 3.50 1.00 4.5 750,000 14,250,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Jun. 28, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	(7) COMMITMENTS AND CONTINGENCIES Lease Commitments We have commitments under various capital and operating lease agreements. Assets acquired under capital leases are depreciated over the useful life of the asset. Capital Operating Leases Leases 2015 $ 741 $ 237 2016 2,786 885 2017 2,583 277 2018 1,461 218 Thereafter 610 290 Total future minimum lease payments 8,181 1,907 Less: Interest (641) – Total future minimum lease payments excluding interest $ 7,540 $ 1,907 Legal Proceedings We and certain users of our products have from time to time received, and may in the future receive, communications from third parties asserting patents against us or our customers which may relate to certain of our manufacturing equipment or products or to products that include our products as a component. In addition, certain of our customers have been sued on patents having claims closely related to products sold by us. If any third party makes a valid infringement claim and a license was not available on terms acceptable to us, our operating results could be adversely affected. We expect that, as the number of patents issued continues to increase, and as we grow, the volume of intellectual property claims could increase. We may need to engage in litigation to enforce patents issued or licensed to us, protect trade secrets or know-how owned by us or determine the enforceability, scope and validity of the intellectual property rights of others. We could incur substantial costs in such litigation or other similar legal actions, which could have a material adverse effect on our results of operations. We are a party from time to time to ordinary routine litigation incidental to our business. The outcome of such claims, if, any, is not expected to materially affect our current or future financial position or results of operations.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	9 Months Ended
	Jun. 28, 2015
Stockholders' Equity Note [Abstract]
Comprehensive Income (Loss) Note [Text Block]	(8) ACCUMULATED OTHER COMPREHENSIVE LOSS Other comprehensive loss refers to revenue, expenses, gains and losses that are recorded as an element of shareholders’ equity but are excluded from net income. Our other comprehensive loss is comprised of unrealized gains and losses on foreign translation adjustments. Foreign Currency Translation Adjustments Balance as of September 28, 2014 $ (543) Other comprehensive loss (1,633) Balance as of June 28, 2015 $ (2,176) Balance as of September 29, 2013 $ (148) Other comprehensive loss (442) Balance as of June 29, 2014 $ (590)

ASSET IMPAIRMENT

ASSET IMPAIRMENT	9 Months Ended
	Jun. 28, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Asset Impairment Charges [Text Block]	(9) ASSET IMPAIRMENT When indicators of impairment exist and assets are held for use, we estimate future undiscounted cash flows attributable to the assets. In the event such cash flows are not expected to be sufficient to recover the recorded value of the assets, the assets are written down to their estimated fair values based on the expected discounted future cash flows attributable to the assets or based on appraisals. Factors affecting impairment of assets held for use include the ability of the specific assets to generate positive cash flows. Changes in any of these factors or changes in our forecast model estimates could necessitate impairment recognition in future periods for other assets held for use. In connection with the consolidation of our operations, two of our facilities were offered for sale or lease in 2013, including the Eau Claire, Wisconsin assembly building and the Development Center building on our Hutchinson, Minnesota campus. During the first quarter of 2014, we received third-party interest in purchasing the Eau Claire assembly building. Based on the discussions regarding the potential sale of this building, we modified our forecast model to increase the probability of a sale of our Eau Claire assembly building and decrease the probability of a lease. Using these new weightings for sale and lease, the carrying value of our assets exceeded the expected undiscounted cash flows indicating a trigger of potential impairment. As a result, we evaluated the recoverability of the Eau Claire assembly building based on these circumstances and recorded an impairment charge of $ 4,470,000 15 30 Eau Claire, Wisconsin assembly building 4,364,000

SEVERANCE AND SITE CONSOLIDATIO

SEVERANCE AND SITE CONSOLIDATION EXPENSES	9 Months Ended
	Jun. 28, 2015
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	(10) SEVERANCE AND SITE CONSOLIDATION EXPENSES Site Consolidation Severance Expenses Total Accrual balances, September 29, 2013 $ – $ – $ – Restructuring charges – 592 592 Cash payments – (592) (592) Accrual balances, December 29, 2013 – – – Restructuring charges 366 284 650 Cash payments – (284) (284) Accrual balances, March 30, 2014 366 – 366 Restructuring charges 1,339 205 1,544 Cash payments (756) (205) (961) Accrual balances, June 29, 2014 949 – 949 Restructuring charges (328) 268 (60) Cash payments (594) (268) (862) Accrual balances, September 28, 2014 27 – 27 Restructuring charges (19) 178 159 Cash payments (8) (178) (186) Accrual balances, December 28, 2014 – – – All severance and benefits amounts owed have been paid in full and no additional severance or site consolidation costs have been incurred since December 28, 2014. In recent years, we had multiple severance and manufacturing consolidation and restructuring plans in place to support efforts to improve operating results and liquidity through improved utilization of our facilities in both the U.S. and Thailand. During the second quarter of 2014, as part of shutting down our Eau Claire, Wisconsin assembly operations and our continued consolidation efforts, we identified approximately 70 366,000 During the third quarter of 2014, we identified approximately 100 1,339,000 During the fourth quarter of 2014, we retained approximately 40 In connection with the consolidation of our operations, we recorded site consolidation expenses of $178,000 during the thirty-nine weeks ended June 28, 2015 and $1,081,000 during the thirty-nine weeks ended June 29, 2014. The site consolidation expenses consisted primarily of internal labor and contractors.

OTHER EXPENSE

OTHER EXPENSE	9 Months Ended
	Jun. 28, 2015
Other Income and Expenses [Abstract]
Other Income and Other Expense Disclosure [Text Block]	(11) OTHER EXPENSE Transaction gains and losses that arise from the exchange rate changes on transactions denominated in a currency other than the local currency are included in “Other income (expense), net” in our condensed consolidated statements of operations. For the thirteen and thirty-nine weeks ended June 28, 2015, we recognized foreign currency losses of $ 1,093,000 1,594,000 123,000 2,471,000

INCOME TAXES

INCOME TAXES	9 Months Ended
	Jun. 28, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	(12) INCOME TAXES As part of the process of preparing our consolidated financial statements, we are required to estimate our income taxes in each of the jurisdictions in which we operate. This process involves estimating our current tax exposure together with assessing temporary differences resulting from differing treatment of items for tax and accounting purposes. These temporary differences result in deferred tax assets and liabilities, which are included within our consolidated balance sheets. We must then assess the likelihood that our deferred tax assets will be realized based on future taxable income, and to the extent we believe that recovery is not likely, we must establish a valuation allowance. To the extent we establish a valuation allowance or change this allowance in a period, we must include an expense or a benefit within the tax provision in our consolidated statements of operations. Significant judgment is required in determining our provision for income taxes, our deferred tax assets and liabilities and any valuation allowance recorded against our deferred tax assets. Valuation allowances arise due to the uncertainty of realizing deferred tax assets. At September 28, 2014, we had a valuation allowance of $ 227,219,000 The income tax benefit for the thirty-nine weeks ended June 28, 2015, was $ 98,000 776,000 859,000

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Jun. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	(13) STOCK-BASED COMPENSATION Our 2011 Equity Incentive Plan has been approved by shareholders and authorizes the issuance of 1,200,000 Under our equity incentive plan, we also have issued restricted stock units (“RSUs”) to . RSUs generally vest over three years in annual installments commencing one year after the date of grant. We recognize compensation expense for the RSUs over the service period equal to the fair market value of the RSUs on the date of issuance. Upon vesting, RSUs convert to shares in accordance with the terms of the equity incentive plan under which they were issued. We recorded stock-based compensation expense related to our stock options, RSUs and common stock, included in selling, general and administrative expenses, of $ 1,041,000 976,000 2,491,000 We use the Black-Scholes option pricing model to determine the weighted-average fair value of options. The weighted-average fair value of options granted during the thirty-nine weeks ended June 28, 2015, and June 29, 2014, was $ 2.42 2.34 Thirty-Nine Weeks Ended June 28, 2015 June 29, 2014 Risk-free interest rate 2.0 % 2.3 % Expected volatility 70.0 % 80.0 % Expected life (in years) 8.0 8.0 Dividend yield – – The risk-free interest rate is based on a treasury instrument whose term is consistent with the expected life of our stock options. We considered historical data in projecting expected stock price volatility. We estimated the expected life of stock options and stock option forfeitures based on historical experience. Number of Shares Weighted-Average Weighted-Average Outstanding at September 28, 2014 3,134,042 9.80 5.3 Granted 370,000 3.44 Exercised (2,500) 3.03 Expired/Canceled (162,825) 29.22 Outstanding at June 28, 2015 3,338,717 8.15 5.3 Options exercisable at June 28, 2015 2,632,697 9.52 4.4 The aggregate intrinsic value at June 28, 2015, of our stock options (the amount by which the market price of the stock on the date of exercise exceeded the exercise price of the option) outstanding was $ 111,000 87,000 Weighted- Weighted- Average Average Remaining Grant Date Fair Contractual Number of Shares Value ($) Life (yrs.) Non-vested at September 28, 2014 625,565 1.86 8.6 Granted 370,000 2.61 Vested (289,545) 1.70 Canceled – – Non-vested at June 28, 2015 706,020 2.32 8.8 Options Outstanding Options Exercisable Weighted-Average Remaining Range of Number Contractual Weighted-Average Number Weighted-Average Exercise Prices ($) Outstanding Life (yrs.) Price ($) Exercisable Exercise Price ($) 1.45 - 3.00 912,387 7.6 2.12 596,367 1.90 3.01 - 5.00 1,207,322 6.3 3.18 817,322 3.05 5.01 - 10.00 514,383 4.4 7.33 514,383 7.33 10.01 - 37.95 704,625 1.5 25.08 704,625 25.08 Total 3,338,717 5.3 8.15 2,632,697 9.52 Weighted- Average Grant Date Fair Number of RSUs Value ($) Non-vested at September 28, 2014 782,091 2.17 Granted 361,850 3.43 Vested (422,845) 2.02 Canceled (23,198) 2.67 Non-vested at June 28, 2015 697,898 2.90

LOSS PER SHARE

LOSS PER SHARE	9 Months Ended
	Jun. 28, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	(14) LOSS PER SHARE Basic loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the year. Diluted loss per share identifies the dilutive effect of potential common shares using net loss available to common shareholders and is computed using the treasury stock method for outstanding stock options and the if-converted method for the 8.50% Convertible Notes and the 8.50% New Convertible Notes. Thirteen Weeks Ended Thirty-Nine Weeks Ended June 28, 2015 June 29, 2014 June 28, 2015 June 29, 2014 Net loss $ (10,160) $ (11,207) $ (29,762) $ (35,259) Weighted-average common shares outstanding 33,493 28,055 32,437 27,967 Dilutive potential common shares – – – – Weighted-average common and diluted shares outstanding 33,493 28,055 32,437 27,967 Basic loss per share $ (0.30) $ (0.40) $ (0.92) $ (1.26) Diluted loss per share $ (0.30) $ (0.40) $ (0.92) $ (1.26) Diluted loss per share for the thirteen weeks ended June 28, 2015, excludes potential common shares of 141,000 10,000,000 217,000 4,630,000 238,000 10,953,000 338,000 4,630,000 As discussed in Note 6, on October 23, 2014, we issued 2,500,000 2,500,000 1,250,000 1,246,493 1,250,000 1,246,428 As discussed in Note 6, in March 2012, we issued warrants to purchase 3,869,000 3,869,000

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Jun. 28, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	(15) FAIR VALUE MEASUREMENTS Financial assets and liabilities that are remeasured and reported at fair value at each reporting period are classified and disclosed in one of the following three levels: Level 1 – Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 – Quoted prices for identical assets and liabilities in markets that are inactive; quoted prices for similar assets and liabilities in active markets or financial instruments for which significant inputs are observable, either directly or indirectly; or Level 3 – Inputs that are unobservable for the asset or liability and that are significant to the fair value of the assets or liabilities. Fair Value Measurements at June 28, 2015 Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities $ 965 $ – $ – $ 965 Fair Value Measurements at September 28, 2014 Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities $ 965 $ – $ – $ 965 Available-for-Sale Securities Our available-for-sale securities are comprised of United States government debt securities. The fair value is based on quoted market prices in active markets. Debt The fair values of our 8.50 8.50 8.50 8.50 Our 10.875 8.50 10.875 8.50 The fair values of the PNC Bank credit facility and term loan’s carrying values are a reasonable estimate of fair value because of their short-term nature. The fair value measurement for the credit facility and term loan was classified in Level 2 of the fair value hierarchy. June 28, 2015 September 28, 2014 Carrying Carrying Amount Fair Value Amount Fair Value 8.50% Convertible Notes $ – $ – $ 39,822 $ 39,125 8.50% Secured Notes 63,931 63,611 78,931 79,720 10.875% Notes 12,200 12,972 12,200 13,025 8.50% New Convertible Notes 37,500 35,591 – – PNC term loan 14,250 14,250 – – Credit facility 3,000 3,000 9,533 9,533 Other Our financial instruments other than those presented in the disclosures above, include accounts receivable, accounts payable, and other payables. The carrying value of accounts receivable, accounts payable, and other payables approximate fair value because of the short-term nature of these instruments. The fair values of these instruments were classified in Level 1 of the fair value hierarchy. Nonrecurring Fair Value Measurements Certain assets are measured at fair value on a nonrecurring basis. These assets are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances. These include certain long-lived assets that are written down to fair value when they are determined to be impaired. In the first quarter of 2014, we recognized an impairment of $ 4,470,000

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Jun. 28, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	(16) SUBSEQUENT EVENTS We evaluated subsequent events after the balance sheet date through the date the condensed consolidated financial statements were issued. We did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these condensed consolidated financial statements.

INVESTMENTS (Tables)

INVESTMENTS (Tables)	9 Months Ended
	Jun. 28, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	A summary of our investments is as follows: June 28, 2015 September 28, 2014 Available-for-sale securities U.S government debt securities $ 965 $ 965

TRADE RECEIVABLES (Tables)

TRADE RECEIVABLES (Tables)	9 Months Ended
	Jun. 28, 2015
Receivables [Abstract]
Summary of Valuation Allowance [Table Text Block]	The following table reconciles the changes in our allowance for sales returns under warranties: Increases in the Reductions in the September 28, Allowance Related to Allowance for Returns June 28, 2014 Warranties Issued Under Warranties 2015 $ 497 $ 3,070 $ (3,053) $ 514

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Jun. 28, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consisted of the following at June 28, 2015, and September 28, 2014: June 28, September 28, 2015 2014 Raw materials $ 17,982 $ 21,376 Work in process 10,636 11,860 Finished goods 15,342 15,742 $ 43,960 $ 48,978

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Jun. 28, 2015
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Debt consisted of the following at June 28, 2015, and September 28, 2014: June 28, September 28, 2015 2014 8.50% Convertible Notes $ – $ 39,822 8.50% Convertible Notes debt discount – (624) 8.50% Secured Notes 63,931 78,931 8.50% Secured Notes debt discount (2,043) (3,575) 10.875% Notes 12,200 12,200 10.875% Notes debt discount (273) (388) 8.50% New Convertible Notes 37,500 – PNC term loan 14,250 – Senior secured credit facility 3,000 9,533 Total debt, net of discounts 128,565 135,899 Less: Current maturities, net of discounts (6,000) (48,731) Total long-term debt, net of discounts $ 122,565 $ 87,168

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Jun. 28, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Lease Payments for Capital and Operating Leases [Table Text Block]	The future minimum lease payments for all capital and operating leases as of June 28, 2015, were as follows: Capital Operating Leases Leases 2015 $ 741 $ 237 2016 2,786 885 2017 2,583 277 2018 1,461 218 Thereafter 610 290 Total future minimum lease payments 8,181 1,907 Less: Interest (641) – Total future minimum lease payments excluding interest $ 7,540 $ 1,907

ACCUMULATED OTHER COMPREHENSI29

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	9 Months Ended
	Jun. 28, 2015
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Accumulated other comprehensive loss, net of tax (see Note 12 for a discussion of income taxes), was as follows: Foreign Currency Translation Adjustments Balance as of September 28, 2014 $ (543) Other comprehensive loss (1,633) Balance as of June 28, 2015 $ (2,176) Balance as of September 29, 2013 $ (148) Other comprehensive loss (442) Balance as of June 29, 2014 $ (590)

SEVERANCE AND SITE CONSOLIDAT30

SEVERANCE AND SITE CONSOLIDATION EXPENSES (Tables)	9 Months Ended
	Jun. 28, 2015
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs [Table Text Block]	A summary of our severance and site consolidation expenses as of June 28, 2015, is as follows: Site Consolidation Severance Expenses Total Accrual balances, September 29, 2013 $ – $ – $ – Restructuring charges – 592 592 Cash payments – (592) (592) Accrual balances, December 29, 2013 – – – Restructuring charges 366 284 650 Cash payments – (284) (284) Accrual balances, March 30, 2014 366 – 366 Restructuring charges 1,339 205 1,544 Cash payments (756) (205) (961) Accrual balances, June 29, 2014 949 – 949 Restructuring charges (328) 268 (60) Cash payments (594) (268) (862) Accrual balances, September 28, 2014 27 – 27 Restructuring charges (19) 178 159 Cash payments (8) (178) (186) Accrual balances, December 28, 2014 – – –

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Jun. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Thirty-Nine Weeks Ended June 28, 2015 June 29, 2014 Risk-free interest rate 2.0 % 2.3 % Expected volatility 70.0 % 80.0 % Expected life (in years) 8.0 8.0 Dividend yield – –
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Option transactions during the thirty-nine weeks ended June 28, 2015, are summarized as follows: Number of Shares Weighted-Average Weighted-Average Outstanding at September 28, 2014 3,134,042 9.80 5.3 Granted 370,000 3.44 Exercised (2,500) 3.03 Expired/Canceled (162,825) 29.22 Outstanding at June 28, 2015 3,338,717 8.15 5.3 Options exercisable at June 28, 2015 2,632,697 9.52 4.4
Schedule of Share-based Compensation, Activity [Table Text Block]	The following table summarizes the status of options that remain subject to vesting: Weighted- Weighted- Average Average Remaining Grant Date Fair Contractual Number of Shares Value ($) Life (yrs.) Non-vested at September 28, 2014 625,565 1.86 8.6 Granted 370,000 2.61 Vested (289,545) 1.70 Canceled – – Non-vested at June 28, 2015 706,020 2.32 8.8
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	The following table summarizes information concerning currently outstanding and exercisable stock options: Options Outstanding Options Exercisable Weighted-Average Remaining Range of Number Contractual Weighted-Average Number Weighted-Average Exercise Prices ($) Outstanding Life (yrs.) Price ($) Exercisable Exercise Price ($) 1.45 - 3.00 912,387 7.6 2.12 596,367 1.90 3.01 - 5.00 1,207,322 6.3 3.18 817,322 3.05 5.01 - 10.00 514,383 4.4 7.33 514,383 7.33 10.01 - 37.95 704,625 1.5 25.08 704,625 25.08 Total 3,338,717 5.3 8.15 2,632,697 9.52
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	RSU transactions during the thirty-nine weeks ended June 28, 2015, are summarized as follows: Weighted- Average Grant Date Fair Number of RSUs Value ($) Non-vested at September 28, 2014 782,091 2.17 Granted 361,850 3.43 Vested (422,845) 2.02 Canceled (23,198) 2.67 Non-vested at June 28, 2015 697,898 2.90

LOSS PER SHARE (Tables)

LOSS PER SHARE (Tables)	9 Months Ended
	Jun. 28, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	A reconciliation of these amounts is as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended June 28, 2015 June 29, 2014 June 28, 2015 June 29, 2014 Net loss $ (10,160) $ (11,207) $ (29,762) $ (35,259) Weighted-average common shares outstanding 33,493 28,055 32,437 27,967 Dilutive potential common shares – – – – Weighted-average common and diluted shares outstanding 33,493 28,055 32,437 27,967 Basic loss per share $ (0.30) $ (0.40) $ (0.92) $ (1.26) Diluted loss per share $ (0.30) $ (0.40) $ (0.92) $ (1.26)

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Jun. 28, 2015
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	The following tables present our assets that are measured at fair value on a recurring basis at June 28, 2015, and September 28, 2014: Fair Value Measurements at June 28, 2015 Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities $ 965 $ – $ – $ 965 Fair Value Measurements at September 28, 2014 Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities $ 965 $ – $ – $ 965
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	The estimated fair values of our debt were as follows on each of the indicated dates: June 28, 2015 September 28, 2014 Carrying Carrying Amount Fair Value Amount Fair Value 8.50% Convertible Notes $ – $ – $ 39,822 $ 39,125 8.50% Secured Notes 63,931 63,611 78,931 79,720 10.875% Notes 12,200 12,972 12,200 13,025 8.50% New Convertible Notes 37,500 35,591 – – PNC term loan 14,250 14,250 – – Credit facility 3,000 3,000 9,533 9,533

CASH AND CASH EQUIVALENTS (Deta

CASH AND CASH EQUIVALENTS (Details Textual) - USD ($)	Jun. 28, 2015	Sep. 28, 2014
Cash and Cash Equivalents [Line Items]
Restricted Cash and Cash Equivalents, Current	$ 2,039,000	$ 2,059,000

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Thousands	Jun. 28, 2015	Sep. 28, 2014
US Government Agencies Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities	$ 965	$ 965

INVESTMENTS (Details Textual)

INVESTMENTS (Details Textual) - USD ($)	Jun. 28, 2015	Sep. 28, 2014
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Restricted, Current	$ 965,000	$ 965,000

TRADE RECEIVABLES (Details)

TRADE RECEIVABLES (Details) - Allowance for Sales Returns [Member] $ in Thousands	9 Months Ended
	Jun. 28, 2015USD ($)
Valuation Allowance [Line Items]
Valuation Allowance for Sales Returns Under Warranties, Beginning Balance	$ 497
Increases in the Allowance Related to Warranties Issued	3,070
Reductions in the Allowance for Returns Under Warranties	(3,053)
Valuation Allowance for Sales Returns Under Warranties, Ending Balance	$ 514

TRADE RECEIVABLES (Details Text

TRADE RECEIVABLES (Details Textual) - USD ($)	3 Months Ended
	Jun. 28, 2015	Mar. 29, 2015	Sep. 28, 2014
Valuation Allowance [Line Items]
Customer Advances, Current		$ 15,000,000
Accounts Receivable, Net, Current, Total	$ 21,287,000		$ 23,971,000
Allowance for Doubtful Accounts Receivable, Current	514,000		497,000
Other Receivables, Net, Current, Total	$ 2,021,000		$ 2,894,000
Thai Subsidiary [Member]
Valuation Allowance [Line Items]
Percentage of Early Payment Accounts Receivable Face Value	95.00%
Percentage Of Remaining Payment Accounts Receivable	5.00%
Proceeds from Sale and Collection of Other Receivables	$ 23,613,000
Other Receivables, Net, Current, Total	$ 856,000
Thai Subsidiary [Member] | London Interbank Offered Rate (LIBOR) [Member]
Valuation Allowance [Line Items]
Loans Receivable, Basis Spread on Variable Rate, During Period	1.75%
Accrued Liability Current [Member]
Valuation Allowance [Line Items]
Customer Advances, Current		$ 5,985,000

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Jun. 28, 2015	Sep. 28, 2014
Inventory [Line Items]
Raw materials	$ 17,982	$ 21,376
Work in process	10,636	11,860
Finished goods	15,342	15,742
Inventory, Net	$ 43,960	$ 48,978

DEBT (Details)

DEBT (Details) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 23, 2014	Sep. 28, 2014
Total debt, net of discounts	$ 128,565		$ 135,899
Less: Current maturities, net of discounts	(6,000)		(48,731)
Total long-term debt, net of discounts	122,565		87,168
8.50% Convertible Senior Notes [Member]
Notes payable	0		39,822
Debt discount	0		(624)
8.50% Secured Notes [Member]
Notes payable	63,931		78,931
Debt discount	(2,043)		(3,575)
10.875% Secured Notes [Member]
Notes payable	12,200		12,200
Debt discount	(273)		(388)
8.50% New Convertible Notes [Member]
Notes payable	37,500		0
PNC Term Loan [Member]
Notes payable	14,250	$ 15,000	0
Revolving Credit Facility [Member]
Senior secured credit facility	$ 3,000		$ 9,533

DEBT (Details) (Parentheticals)

DEBT (Details) (Parentheticals)	Jun. 28, 2015	Sep. 28, 2014
8.50% Convertible Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	8.50%	8.50%
8.50% Senior Secured Second Lien Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	8.50%	8.50%
10.875% Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	10.875%	10.875%
8.50% New Convertible Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	8.50%	8.50%

DEBT (Details Textual)

DEBT (Details Textual)	Apr. 01, 2015USD ($)	Jan. 15, 2015USD ($)shares	Nov. 25, 2014USD ($)shares	Oct. 23, 2014USD ($)$ / sharesshares	May. 31, 2013shares	Dec. 23, 2014USD ($)	Sep. 22, 2014USD ($)	Jan. 22, 2013USD ($)	Mar. 31, 2012USD ($)$ / sharesshares	Jun. 28, 2015USD ($)	Dec. 28, 2014USD ($)	Jun. 29, 2014USD ($)	Jun. 28, 2015USD ($)	Jun. 29, 2014USD ($)	Sep. 28, 2014USD ($)
Restricted Cash and Cash Equivalents, Current										$ 2,039,000			$ 2,039,000		$ 2,059,000
Gains (Losses) on Extinguishment of Debt										$ 0		$ 0	(4,318,000)	$ 0
Proceeds from Issuance of Debt													$ 15,000,000	$ 0
Revolving Credit Facility [Member] | PNC Bank [Member]
Line of Credit Facility, Expiration Date							Dec. 1, 2016
Revolving Credit Facility [Member] | Maximum [Member] | PNC Bank [Member]
Line Of Credit Facility, Minimum Bank Balance							$ 15,000,000
Line of Credit Facility, Maximum Borrowing Capacity							35,000,000
Revolving Credit Facility [Member] | Minimum [Member] | PNC Bank [Member]
Line Of Credit Facility, Minimum Bank Balance							2,500,000
Line of Credit Facility, Maximum Borrowing Capacity							$ 20,000,000
Cash and Cash Equivalents Restriced to 8.50% Convertible Notes Related Payments [Member]
Restricted Cash and Cash Equivalents, Current				$ 35,000,000
8.50% New Convertible Notes [Member]
Debt Instrument, Face Amount				37,500,000
Debt Instrument, Interest Rate, Stated Percentage										8.50%			8.50%		8.50%
Debt Instrument, Convertible, Conversion Ratio Denominator				$ 1,000
Debt Instrument, Convertible, Conversion Ratio Numerator (In Shares) | shares				266.6667
Number of Days Until the Put Right Expires				120
Debt Instrument, Convertible, Conversion Price | $ / shares				$ 3.75
Debt Instrument, Repurchase Amount				$ 7,500,000
Long-term Debt, Gross										$ 37,500,000			$ 37,500,000		$ 0
Debt Instrument, Maturity Date				Oct. 31, 2019
8.50% Convertible Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage										8.50%			8.50%		8.50%
Debt Instrument, Redemption of Convertible Notes		$ 39,822,000
Debt Issuance Cost				$ 1,652,000
Long-term Debt, Gross										$ 0			$ 0		$ 39,822,000
Repayments of Convertible Debt		$ 35,000,000
8.50% Senior Secured Second Lien Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage										8.50%			8.50%		8.50%
Class of Warrant or Right, Exercised During Period | shares		1,250,000	1,250,000		3,869,000
Class of Warrant or Right, Shares Issued in Warrant Exercise		$ 1,246,428	$ 1,246,493
Debt Conversion, Original Debt, Amount				$ 15,000,000
Debt Conversion, Converted Instrument, Shares Issued | shares				2,500,000
Debt Conversion, Converted Instrument, Warrants or Options Issued | shares				2,500,000
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares				$ 0.01
Adjustments to Additional Paid in Capital, Warrant Issued		$ 17,388,000
Gains (Losses) on Extinguishment of Debt											$ 4,318,000
Adjustments to Additional Paid in Capital, Stock Issued, Own-share Lending Arrangement, Issuance Costs											$ 1,232,000
10.875% Secured Notes [Member]
Debt Instrument, Face Amount								$ 12,200,000
Debt Instrument, Interest Rate, Stated Percentage										10.875%			10.875%		10.875%
Debt Issuance Cost								359,000
Long-term Debt, Gross										$ 12,200,000			$ 12,200,000		$ 12,200,000
Proceeds from Issuance of Debt								$ 11,590,000
Debt Instrument, Maturity Date								Jan. 15, 2017
PNC Term Loan [Member]
Debt Instrument, Interest Rate, Stated Percentage						3.50%
Long-term Debt, Gross						$ 15,000,000				$ 14,250,000			$ 14,250,000		0
Minimum LIBOR Rate						1.00%
Debt Instrument, Basis Spread on Variable Rate						2.50%
PNC Term Loan [Member] | PNC Bank [Member]
Minimum LIBOR Rate													1.00%
Debt Instrument, Interest Rate, Effective Percentage										4.50%			4.50%
Debt Instrument, Periodic Payment, Principal	$ 750,000
PNC Term Loan [Member] | PNC Bank [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate													3.50%
PNC Term Loan [Member] | Revolving Credit Facility [Member]
Line of Credit Facility Variable Maturity Date Minimum Liquidity															20,000,000
Line of Credit Facility, Fair Value of Amount Outstanding										$ 3,000,000			$ 3,000,000
Line of Credit Facility, Average Outstanding Amount													751,000
8.50% Secured Notes [Member]
Debt Instrument, Face Amount									$ 78,931,000
Class of Warrant or Right, Exercised During Period | shares					3,869,000
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares									$ 0.01
Adjustments to Additional Paid in Capital, Warrant Issued									$ 8,489,000
Debt Instrument, Face Amount, Registration Statement									38,931,000
Debt Instrument, Face Amount, Private Placement									40,000,000
Debt Instrument, Purchase Price, Private Placement									$ 39,400,000
Long-term Debt, Gross										$ 63,931,000			$ 63,931,000		$ 78,931,000
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares									3,869,000
Debt Instrument, Redemption Price, Percentage													100.00%

COMMITMENTS AND CONTINGENCIES43

COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	Jun. 28, 2015USD ($)
Capital Leases, Future Minimum Payments Due
Capital Leases, 2015	$ 741
Capital Leases, 2016	2,786
Capital Leases, 2017	2,583
Capital Leases, 2018	1,461
Capital Leases, Thereafter	610
Total future minimum lease payments	8,181
Less: Interest	(641)
Total future minimum lease payments excluding interest	7,540
Operating Leases, Future Minimum Payments Due
Operating Leases, 2015	237
Operating Leases, 2016	885
Operating Leases, 2017	277
Operating Leases, 2018	218
Operating Leases, Thereafter	290
Total future minimum lease payments	1,907
Less: Interest	0
Total future minimum lease payments excluding interest	$ 1,907

ACCUMULATED OTHER COMPREHENSI44

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	Jun. 28, 2015	Sep. 28, 2014	Jun. 29, 2014
Schedule of Capitalization [Line Items]
Balance as per Beginning Balance	$ (543)	$ (590)	$ (148)
Other comprehensive loss	(1,633)		(442)
Balance as per Ending Balance	$ (2,176)	$ (543)	$ (590)

ASSET IMPAIRMENT (Details Textu

ASSET IMPAIRMENT (Details Textual) - USD ($)	3 Months Ended			9 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Mar. 30, 2014	Jun. 28, 2015	Jun. 29, 2014
Property, Plant and Equipment [Line Items]
Impairment of Long-Lived Assets Held-for-use	$ 0	$ 0	$ 4,470,000	$ 0	$ 4,470,000
Proceeds from Sale of Buildings			$ 4,364,000
Building [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life				15 years
Building [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life				30 years

SEVERANCE AND SITE CONSOLIDAT46

SEVERANCE AND SITE CONSOLIDATION EXPENSES (Details) - USD ($) $ in Thousands	3 Months Ended					9 Months Ended
	Dec. 28, 2014	Sep. 28, 2014	Jun. 29, 2014	Mar. 30, 2014	Dec. 29, 2013	Jun. 28, 2015	Jun. 29, 2014
Restructuring Cost and Reserve [Line Items]
Accrual balances, Beginning balance	$ 27	$ 949	$ 366	$ 0	$ 0	$ 27	$ 0
Restructuring charges	159	(60)	1,544	650	592
Cash payments	(186)	(862)	(961)	(284)	(592)
Accrual balances, Ending balance		27	949	366	0		949
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balances, Beginning balance	27	949	366	0	0	27	0
Restructuring charges	(19)	(328)	1,339	366	0
Cash payments	(8)	(594)	(756)	0	0
Accrual balances, Ending balance		27	949	366	0		949
Site Consolidation Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balances, Beginning balance	0	0	0	0	0	0	0
Restructuring charges	178	268	205	284	592	$ 178	1,081
Cash payments	$ (178)	(268)	(205)	(284)	(592)
Accrual balances, Ending balance		$ 0	$ 0	$ 0	$ 0		$ 0

SEVERANCE AND SITE CONSOLIDAT47

SEVERANCE AND SITE CONSOLIDATION EXPENSES (Details Textual) $ in Thousands	3 Months Ended					9 Months Ended
	Dec. 28, 2014USD ($)	Sep. 28, 2014USD ($)	Jun. 29, 2014USD ($)	Mar. 30, 2014USD ($)	Dec. 29, 2013USD ($)	Jun. 28, 2015USD ($)	Jun. 29, 2014USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 159	$ (60)	$ 1,544	$ 650	$ 592
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated			100	70
Restructuring Charges	$ (19)	(328)	$ 1,339	$ 366	0
Restructuring and Related Cost Number of Positions Retained	40
Site Consolidation Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 178	$ 268	$ 205	$ 284	$ 592	$ 178	$ 1,081

OTHER EXPENSE (Details Textual)

OTHER EXPENSE (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Other (Expense) Income, Net [Member]
Other Income Expense [Line Items]
Foreign Currency Transaction Gain (Loss), before Tax	$ 1,093,000	$ 123,000	$ 1,594,000	$ 2,471,000

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014	Sep. 28, 2014
Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance					$ 227,219,000
Income Tax Expense (Benefit)	$ 15,000	$ 15,000	$ (98,000)	$ (776,000)
Other Tax Expense (Benefit)				$ 859,000

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details)	9 Months Ended
	Jun. 28, 2015	Jun. 29, 2014
Fair Value of Options at the Date of Grant and the Weighted Average Assumptions Utilized to Determine Such Values [Abstract]
Risk-free interest rate	2.00%	2.30%
Expected volatility	70.00%	80.00%
Expected life (in years)	8 years	8 years
Dividend yield	0.00%	0.00%

STOCK-BASED COMPENSATION (Det51

STOCK-BASED COMPENSATION (Details 1) - $ / shares	9 Months Ended	12 Months Ended
	Jun. 28, 2015	Sep. 28, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Outstanding	3,134,042
Number of Shares, Granted	370,000
Number of Shares, Exercised	(2,500)
Number of Shares, Expired/Canceled	(162,825)
Number of Shares, Outstanding	3,338,717	3,134,042
Number of Shares, Options exercisable	2,632,697
Weighted-Average Exercise Price, Outstanding	$ 9.80
Weighted-Average Exercise Price, Granted	3.44
Weighted-Average Exercise Price, Exercised	3.03
Weighted-Average Exercise Price, Expired/Canceled	29.22
Weighted-Average Exercise Price, Outstanding	8.15	$ 9.80
Weighted-Average Exercise Price, Options exercisable	$ 9.52
Weighted-Average Remaining Contractual Life, Outstanding	5 years 3 months 18 days	5 years 3 months 18 days
Weighted-Average Remaining Contractual Life, Options exercisable	4 years 4 months 24 days

STOCK-BASED COMPENSATION (Det52

STOCK-BASED COMPENSATION (Details 2) - $ / shares	9 Months Ended	12 Months Ended
	Jun. 28, 2015	Sep. 28, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Non-vested	625,565
Number of Shares, Granted	370,000
Number of Shares, Vested	(289,545)
Number of Shares, Canceled	0
Number of Shares, Non-vested	706,020	625,565
Weighted-Average Grant Date Fair Value, Non-vested	$ 1.86
Weighted-Average Grant Date Fair Value, Granted	2.61
Weighted-Average Grant Date Fair Value, Canceled	0
Weighted-Average Grant Date Fair Value, Vested	1.70
Weighted-Average Grant Date Fair Value, Non-vested	$ 2.32	$ 1.86
Weighted-Average Remaining Contractual Life, Non-vested (yrs.)	8 years 9 months 18 days	8 years 7 months 6 days

STOCK-BASED COMPENSATION (Det53

STOCK-BASED COMPENSATION (Details 3) - Jun. 28, 2015 - $ / shares	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number Outstanding (in Shares)	3,338,717
Options Outstanding Weighted-Average Remaining Contractual Life (yrs.)	5 years 3 months 18 days
Options Outstanding Weighted-Average Price ($)	$ 8.15
Options Exercisable Number Exercisable (in Shares)	2,632,697
Options Exercisable Weighted-Average Exercise Price ($)	$ 9.52
Range 01 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of Exercise Prices, Minimum	1.45
Range of Exercise Prices, Maximum	$ 3
Number Outstanding (in Shares)	912,387
Options Outstanding Weighted-Average Remaining Contractual Life (yrs.)	7 years 7 months 6 days
Options Outstanding Weighted-Average Price ($)	$ 2.12
Options Exercisable Number Exercisable (in Shares)	596,367
Options Exercisable Weighted-Average Exercise Price ($)	$ 1.90
Range 02 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of Exercise Prices, Minimum	3.01
Range of Exercise Prices, Maximum	$ 5
Number Outstanding (in Shares)	1,207,322
Options Outstanding Weighted-Average Remaining Contractual Life (yrs.)	6 years 3 months 18 days
Options Outstanding Weighted-Average Price ($)	$ 3.18
Options Exercisable Number Exercisable (in Shares)	817,322
Options Exercisable Weighted-Average Exercise Price ($)	$ 3.05
Range 03 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of Exercise Prices, Minimum	5.01
Range of Exercise Prices, Maximum	$ 10
Number Outstanding (in Shares)	514,383
Options Outstanding Weighted-Average Remaining Contractual Life (yrs.)	4 years 4 months 24 days
Options Outstanding Weighted-Average Price ($)	$ 7.33
Options Exercisable Number Exercisable (in Shares)	514,383
Options Exercisable Weighted-Average Exercise Price ($)	$ 7.33
Range 04 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of Exercise Prices, Minimum	10.01
Range of Exercise Prices, Maximum	$ 37.95
Number Outstanding (in Shares)	704,625
Options Outstanding Weighted-Average Remaining Contractual Life (yrs.)	1 year 6 months
Options Outstanding Weighted-Average Price ($)	$ 25.08
Options Exercisable Number Exercisable (in Shares)	704,625
Options Exercisable Weighted-Average Exercise Price ($)	$ 25.08

STOCK-BASED COMPENSATION (Det54

STOCK-BASED COMPENSATION (Details 4) - 9 months ended Jun. 28, 2015 - $ / shares	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of RSUs, Beginning Balance	782,091
Granted	361,850
Vested	(422,845)
Canceled	(23,198)
Number of RSUs, Ending Balance	697,898
Weighted-Average Grant Date Fair Value, Beginning	$ 2.17
Granted	3.43
Vested	2.02
Canceled	2.67
Weighted-Average Grant Date Fair Value, Ending	$ 2.90

STOCK-BASED COMPENSATION (Det55

STOCK-BASED COMPENSATION (Details Textual) - USD ($)	9 Months Ended		71 Months Ended	72 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Nov. 30, 2005	Oct. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 2,491,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	2.42	$ 2.34
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	111,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	$ 87,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	20 months
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			1 year
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Maximum [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years			3 years
Maximum [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Minimum [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year			2 years
Minimum [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	1 year
Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 1,041,000	$ 976,000
2011 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized	1,200,000

LOSS PER SHARE (Details)

LOSS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net loss	$ (10,160)	$ (11,207)	$ (29,762)	$ (35,259)
Weighted-average common shares outstanding	33,493	28,055	32,437	27,967
Dilutive potential common shares	0	0	0	0
Weighted-average common and diluted shares outstanding	33,493	28,055	32,437	27,967
Basic loss per share	$ (0.30)	$ (0.40)	$ (0.92)	$ (1.26)
Diluted loss per share	$ (0.30)	$ (0.40)	$ (0.92)	$ (1.26)

LOSS PER SHARE (Details Textual

LOSS PER SHARE (Details Textual) - USD ($)	Jan. 15, 2015	Nov. 25, 2014	Oct. 23, 2014	May. 31, 2013	Mar. 31, 2012	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
8.50% Senior Secured Second Lien Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Debt Conversion, Converted Instrument, Shares Issued			2,500,000
Debt Conversion, Converted Instrument, Warrants or Options Issued			2,500,000
Class of Warrant or Right, Exercised During Period	1,250,000	1,250,000		3,869,000
Class of Warrant or Right, Shares Issued in Warrant Exercise	$ 1,246,428	$ 1,246,493
Warrants Issued Private Placement					3,869,000
Class of Warrant or Right, Outstanding	0			0
Treasury Stock Method [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount						217,000	141,000	338,000
Treasury Stock Method [Member] | 8.50% Convertible Senior Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount							238,000
If Converted Method [Member] | 8.50% Convertible Senior Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount						4,630,000	10,000,000	4,630,000
If Converted Method [Member] | 8.50% New Convertible Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount							10,953,000

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Jun. 28, 2015	Sep. 28, 2014
Assets:
Available-for-sale securities	$ 965	$ 965
Fair Value, Inputs, Level 1 [Member]
Assets:
Available-for-sale securities	965	965
Fair Value, Inputs, Level 2 [Member]
Assets:
Available-for-sale securities	0	0
Fair Value, Inputs, Level 3 [Member]
Assets:
Available-for-sale securities	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Deta59

FAIR VALUE MEASUREMENTS (Details 1) - USD ($) $ in Thousands	Jun. 28, 2015	Sep. 28, 2014
Revolving Credit Facility [Member]
Carrying Values And Estimated Fair Values Of Debt Instruments [Line Items]
Carrying Amount	$ 3,000	$ 9,533
Fair Value	3,000	9,533
8.50% Convertible Senior Notes [Member]
Carrying Values And Estimated Fair Values Of Debt Instruments [Line Items]
Carrying Amount	0	39,822
Fair Value	0	39,125
8.50% Senior Secured Second Lien Notes [Member]
Carrying Values And Estimated Fair Values Of Debt Instruments [Line Items]
Carrying Amount	63,931	78,931
Fair Value	63,611	79,720
10.875% Secured Notes [Member]
Carrying Values And Estimated Fair Values Of Debt Instruments [Line Items]
Carrying Amount	12,200	12,200
Fair Value	12,972	13,025
8.50% New Convertible Notes [Member]
Carrying Values And Estimated Fair Values Of Debt Instruments [Line Items]
Carrying Amount	37,500	0
Fair Value	35,591	0
PNC Term Loan [Member]
Carrying Values And Estimated Fair Values Of Debt Instruments [Line Items]
Carrying Amount	14,250	0
Fair Value	$ 14,250	$ 0

FAIR VALUE MEASUREMENTS (Deta60

FAIR VALUE MEASUREMENTS (Details Textual) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Mar. 30, 2014	Jun. 28, 2015	Jun. 29, 2014	Sep. 28, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of Long-Lived Assets Held-for-use	$ 0	$ 0	$ 4,470	$ 0	$ 4,470
8.50% Convertible Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	8.50%			8.50%		8.50%
8.50% Senior Secured Second Lien Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	8.50%			8.50%		8.50%
10.875% Secured Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	10.875%			10.875%		10.875%
8.50% New Convertible Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	8.50%			8.50%		8.50%