Sale of Business

6 Months Ended

Mar. 30, 2018

Gain Loss On Disposition Of Assets [Abstract]

Sale of Business

Note 9 – Sale of Business

In March 2018 the Board of Directors approved the sale of the Kirkhill business, and on March 15, 2018, the Company sold the assets and certain liabilities of this business to TransDigm, Inc. for $50 million before selling costs.  The Company incurred an estimated $5.3 million loss on sale of the business and an estimated $0.7 million gain after tax due to the release of a valuation allowance on a capital loss carryover.  Based on current discontinued operations accounting guidance, the sale of the Kirkhill business does not qualify as a discontinued operation.