Commitments and Contingencies

12 Months Ended

Sep. 28, 2013

Commitments and Contingencies

Commitments and Contingencies

E.  Commitments and Contingencies

The Company is committed under various operating leases to make annual rental payments for certain buildings and equipment. Amounts charged to operations under such leases approximated $1,265,000 in 2013, $1,350,000 in 2012, and $1,835,000 in 2011.  As of September 28, 2013, minimum annual rental commitments under the Company’s long-term operating leases were approximately $1,114,000 in 2014, $881,000 in 2015, $848,000 in 2016, $840,000 in 2017, $829,000 in 2018 and $1,507,000 in the aggregate thereafter.  These rental commitments exclude the Company’s lease obligation for the Stoughton, Massachusetts facility, which was included in restructuring costs (see Note J). At both September 28, 2013 and September 29, 2012, the Company had letters of credit outstanding of $2,180,000.  The Company was committed to purchase $5.5 million of equipment at September 28, 2013.

In the ordinary course of business, the Company is subject to various legal proceedings and claims.  The Company believes that the ultimate outcome of these matters will not have a material adverse effect on its consolidated financial statements.