Annual report pursuant to Section 13 and 15(d)

Note 3 - Significant Accounting Policies (Tables)

v3.20.1
Note 3 - Significant Accounting Policies (Tables)
12 Months Ended
Dec. 29, 2019
Notes Tables  
Schedule of Finite-Lived Intangible Assets [Table Text Block]
Customer relationships
 
10
 
Order backlog
 
1.5
 
Trade name
 
1
 
Non-compete agreements
 
2
 
Property, Plant and Equipment [Table Text Block]
Buildings
5
20
Machinery and equipment
7
15
Office furniture and equipment
 
7
 
Computer hardware and software
 
3
 
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]
   
Balance at
December 31, 2017
(pre-adoption
of ASC 606)
   

ASC Topic 606
adjustments
   
Balance at
January 1,
2018
 
                         
Assets
 
 
 
 
 
 
 
 
 
 
 
 
Inventories
  $
22,363
    $
(3,414
)
  $
18,949
 
Unbilled contract assets
   
     
3,734
     
3,734
 
                         
Shareholders’ Equity
 
 
 
 
 
 
 
 
 
 
 
 
Total shareholders’ equity
  $
19,074
    $
320
    $
19,394
 
   
Balances
pre adoption of
ASC 606
   
ASC Topic 606
adjustments
   
As reported
 
                         
Unbilled contract assets
  $
    $
20,405
    $
20,405
 
Inventories
   
73,075
     
(20,013
)
   
53,062
 
                         
Total shareholders’ equity
   
30,916
     
392
     
31,308
 
   
Balances
pre adoption of
ASC 606
   
ASC Topic 606
adjustments
   
As reported
 
                         
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
  $
211,597
     
4,534
     
216,131
 
                         
Cost of sales
   
190,007
     
4,463
     
194,470
 
                         
Gross profit
   
21,590
     
71
     
21,661
 
Income tax expense
   
677
     
     
677
 
Net loss
   
(519
)
   
71
     
(448
)