Note 10 - Recent Accounting Pronouncements	9 Months Ended
Jun. 29, 2018
Notes to Financial Statements
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	NOTE 10—RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014 - 09, “ Revenue from Contracts with Customers (Topic 606 ) ” (“ASU 2014 - 09” ), which supersedes most existing revenue recognition models that require revenue guidance under U.S. GAAP. The standard is a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. ASU 2014 - 09 defines a five -step process to achieve its core principle and, in doing so, more judgment and estimates are required within the revenue recognition process than required under existing U.S. GAAP. In August 2015, the FASB issued ASU No. 2015 - 14 “ Revenue from Contracts with Customers (Topic 606 ): Deferral of the Effective Date ” (“ASU 2015 - 14” ), which defers the effective date of ASU 2014 - 09 by one year to fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is permitted for fiscal years, and interim periods within those years, beginning after December 15, 2016. Accordingly, the standard is effective for us on September 29, 2018. We have determined to implement this updated standard using the modified retrospective transition approach, and we are in the process of evaluating the impact that the updated standard will have on our consolidated financial statements. In August 2014, the FASB issued ASU No. 2014 - 15, “Presentation of Financial Statements - Going Concern (Subtopic 205 - 40 ): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern” (“ASU 2014 - 15” ). The standard requires management to evaluate, at each interim and annual reporting period, whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued, and provide related disclosures. ASU 2014 - 15 is effective for reporting periods ending after December 15, 2016, with early adoption permitted. As such, we adopted ASU 2014 - 15 effective with the start of our fiscal year beginning September 30, 2017. We have and will continue to evaluate, at each interim and annual reporting period, whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued, and provide related disclosures. In February 2016, the FASB issued ASU No. 2016 - 02, “ Leases (Topic 842 ) ” (“ASU 2016 - 02” ). The new standard establishes a right-of-use (ROU) model that requires a lessee to recognize a ROU asset and liabilities on the balance sheet for all leases with terms longer than twelve months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. Accordingly, the standard is effective for us on September 28, 2019. Early adoption is permitted. While we are still evaluating the impact of our pending adoption of the new standard on our consolidated financial statements, we expect that upon adoption we will recognize ROU assets and lease liabilities and that the amounts could be material. In August 2016, the FASB issued ASU No. 2016 - 15, “ Statement of Cash Flows (Topic 230 ): Classification of Certain Cash Receipts and Cash Payments ” (“ASU 2016 - 15” ). The standard clarifies how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The new standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, and early adoption is permitted. Accordingly, the new standard is effective for us on September 29, 2018 using a retrospective approach. We believe that this standard will not have any significant impact on our consolidated financial statements. In November 2016, the FASB issued ASU No. 2016 - 18, “ Statement of Cash Flows (Topic 230 ): Restricted Cash - a consensus of the FASB Emerging Issues Task Force ” (“ASU 2016 - 18” ). The standard requires restricted cash and cash equivalents to be included with cash and cash equivalents on the statement cash flows. The new standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted. Accordingly, the new standard will be effective for us on September 29, 2018 using a retrospective approach and will result in restricted cash being included with cash and cash equivalents to reflect total cash on our statement of cash flows. We believe that this standard will not have a material impact on our consolidated financial statements. Other recent accounting pronouncements issued by the FASB (including the Emerging Issues Task Force), the American Institute of Certified Public Accountants and the SEC did not, or management believes will not, have a material impact on our present or future consolidated financial statements.

NOTE

10—RECENT

ACCOUNTING PRONOUNCEMENTS

May 2014,

the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”)

No.

2014

09,

“

Revenue from Contracts with Customers (Topic

606

)

”

(“ASU

2014

09”

), which supersedes most existing revenue recognition models that require revenue guidance under U.S. GAAP. The standard is a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. ASU

2014

defines a

five

-step process to achieve its core principle and, in doing so, more judgment and estimates are required within the revenue recognition process than required under existing U.S. GAAP. In

August 2015,

the FASB issued ASU

No.

2015

“

Revenue from Contracts with Customers (Topic

606

): Deferral of the Effective Date

”

(“ASU

2015

14”

), which defers the effective date of ASU

2014

one

year to fiscal years, and interim periods within those years, beginning after

December 15, 2017.

Early adoption is permitted for fiscal years, and interim periods within those years, beginning after

December 15, 2016.

Accordingly, the standard is effective for us on

September 29, 2018.

We have determined to implement this updated standard using the modified retrospective transition approach, and we are in the process of evaluating the impact that the updated standard will have on our consolidated financial statements.

August 2014,

the FASB issued ASU

No.

2014

15,

“Presentation of Financial Statements - Going Concern (Subtopic

205

): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”

(“ASU

2014

15”

). The standard requires management to evaluate, at each interim and annual reporting period, whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within

one

year after the date the financial statements are issued, and provide related disclosures. ASU

2014

is effective for reporting periods ending after

December 15, 2016,

with early adoption permitted. As such, we adopted ASU

2014

effective with the start of our fiscal year beginning

September 30, 2017.

We have and will continue to evaluate, at each interim and annual reporting period, whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within

one

year after the date the financial statements are issued, and provide related disclosures.

February 2016,

the FASB issued ASU

No.

2016

02,

“

Leases (Topic

842

)

”

(“ASU

2016

02”

). The new standard establishes a right-of-use (ROU) model that requires a lessee to recognize a ROU asset and liabilities on the balance sheet for all leases with terms longer than

twelve

months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after

December 15, 2018,

including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. Accordingly, the standard is effective for us on

September 28, 2019.

Early adoption is permitted. While we are still evaluating the impact of our pending adoption of the new standard on our consolidated financial statements, we expect that upon adoption we will recognize ROU assets and lease liabilities and that the amounts could be material.

August 2016,

the FASB issued ASU

No.

2016

15,

“

Statement of Cash Flows (Topic

230

): Classification of Certain Cash Receipts and Cash Payments

” (“ASU

2016

15”

). The standard clarifies how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The new standard is effective for fiscal years, and interim periods within those years, beginning after

December 15, 2017,

and early adoption is permitted. Accordingly, the new standard is effective for us on

September 29, 2018

using a retrospective approach. We believe that this standard will

not

have any significant impact on our consolidated financial statements.

November 2016,

the FASB issued ASU

No.

2016

18,

“

Statement of Cash Flows (Topic

230

): Restricted Cash - a consensus of the FASB Emerging Issues Task Force

” (“ASU

2016

18”

). The standard requires restricted cash and cash equivalents to be included with cash and cash equivalents on the statement cash flows. The new standard is effective for fiscal years, and interim periods within those years, beginning after

December 15, 2017,

with early adoption permitted. Accordingly, the new standard will be effective for us on

September 29, 2018

using a retrospective approach and will result in restricted cash being included with cash and cash equivalents to reflect total cash on our statement of cash flows. We believe that this standard will

not

have a material impact on our consolidated financial statements.

Other recent accounting pronouncements issued by the FASB (including the Emerging Issues Task Force), the American Institute of Certified Public Accountants and the SEC did

not,

or management believes will

not,

have a material impact on our present or future consolidated financial statements.