Note 16 - Related Party Transactions

12 Months Ended

Oct. 01, 2016

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

1

6

. RELATED - PARTY TRANSACTIONS

The company repurchased

249,310

shares of its common stock for approximately

$4.36

million on

October

1,

2015

from The Jerry Zucker Revocable Trust, an affiliate of former director Robert B. Johnston. On

October

9,

2015,

in fiscal year

2016,

we repurchased

12,000

shares of our common stock for approximately

$210,000

from former director Robert B. Johnston. The total repurchase of

261,310

shares represented approximately

9%

of the outstanding shares prior to the transaction. Our lending bank granted a consent dated

September

29,

2015

to these repurchases.