Note 9 - Income Taxes (Tables)

12 Months Ended

Sep. 29, 2012

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Year Ended
(Dollars in thousands)	September 29, 2012			October 1, 2011			October 2, 2010
Provision for income taxes:
Current:
Federal	$	20		$	207		$	668
State		62			72			415
		82			279			1,083
Deferred:
Federal		781			(12	)		(880	)
State		54			221			(241	)
		835			209			(1,121	)
Income taxes	$	917		$	488		$	(38	)
Effective income tax rate		33.6	%		483.2	%		(9.0	%)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Year Ended
(Dollars in thousands)	September 29, 2012					October 1, 2011					October 2, 2010
Provision for income taxes at federal statutory rate	$	954		35.0	%	$	35		34.7	%	$	147		35.0	%
Net effect of life insurance policies		(400	)	(14.7	)		(14	)	(13.9	)		(83	)	(19.8	)
Valuation allowance		(48	)	(1.8	)		263		260.4			(142	)	(33.9	)
Nondeductible stock option expense		161		5.9			189		187.1			180		42.9
State income taxes, net of federal tax benefit		94		3.5			(20	)	(19.8	)		180		42.9
Revisions to estimates based on filing of final tax return		5		0.2			(5	)	(4.9	)		(24	)	(5.7	)
Qualified production activities deduction		-		-			-		-			(30	)	(7.1	)
Additional refund due to tax law change		-		-			-		-			(502	)	(119.5	)
Other, net		151		5.5			40		39.6			236		56.2
Provision for income taxes	$	917		33.6	%	$	488		483.2	%	$	(38	)	(9.0	%)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

(In thousands)	September 29, 2012			October 1, 2011
Deferred tax assets:
Defined benefit plans	$	3,556		$	3,105
Stock-based compensation		1,878			1,683
Federal net operating loss carryforward		1,870			679
Accrued expenses, asset reserves and state tax credits		1,841			1,625
Goodwill, amortizable for tax purposes		1,392			1,812
State net operating loss carryforwards		1,372			1,368
Valuation allowance		(679	)		(727	)
Deferred tax assets		11,230			9,545
Deferred tax liabilities:
Plant and equipment		(10,637	)		(9,078	)
Other reserves		(722	)		(22	)
Deferred tax liabilities		(11,359	)		(9,100	)
Net deferred tax (liability) asset	$	(129	)	$	445

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

(In thousands)	2012		2011
Balance at beginning of year	$	67	$	762
Increase in tax positions of prior years		9		8
Increase in tax position for current year		-		4
Settlement of tax position in current year		-		(707	)
Balance at end of year	$	76	$	67