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Income Taxes (Tables)

12 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

Reconciliation Of The Provision For Income Taxes

The reconciliation of the provision for income taxes to the amount computed by applying the U.S. federal statutory tax rate to earnings before income taxes is as follows:

						2023						2022						2021
Earnings before income taxes:
Domestic						$	136,080					$	151,870					$	141,665
Foreign						79,972						51,109						62,109
Total						$	216,052					$	202,979					$	203,774
Federal statutory income tax rate						21.0		%				21.0		%				21.0		%
Increase (decrease) in income taxes resulting from:
Impacts of Tax Act						(0.8)		%				(0.4)		%				(1.2)		%
Revaluation of deferred taxes						—		%				—		%				1.6		%
Withholding taxes						0.4		%				0.6		%				0.4		%
Reversal of indefinite reinvestment assertion						0.5		%				—		%				0.2		%
R&D and foreign tax credits						(6.4)		%				(5.4)		%				(4.6)		%
Divestiture impacts						—		%				2.3		%				—		%
Foreign tax rates						6.8		%				4.5		%				4.4		%
Equity-based compensation						(0.3)		%				(0.2)		%				(0.1)		%
Change in valuation allowance for deferred taxes						(0.8)		%				(2.3)		%				(1.6)		%
State taxes, net of federal benefit						0.1		%				1.9		%				2.1		%
Other						0.3		%				1.6		%				0.6		%
Effective income tax rate						20.8		%				23.6		%				22.8		%

Components Of Income Taxes

The components of income taxes are as follows:

						2023						2022						2021
Current:
Federal						$	41,714					$	6,270					$	9,907
Foreign						32,269						26,730						23,801
State						6,602						3,063						4,684
Total current						80,585						36,063						38,392
Deferred:
Federal						(30,756)						8,076						4,625
Foreign						629						1,742						2,898
State						(5,404)						1,921						639
Total deferred						(35,531)						11,739						8,162
Income taxes						$	45,054					$	47,802					$	46,554

Schedule of Deferred Tax Assets And Liabilities

The tax effects of temporary differences that generated deferred tax assets and liabilities are as follows:

						September 30, 2023						October 1, 2022
Deferred tax assets:
Benefit accruals						$	59,738					$	65,863
Inventory reserves						28,301						30,053
Tax benefit carryforwards						7,897						10,885
Contract reserves not currently deductible						10,467						10,447
Lease liability						16,342						18,473
Research and development						41,118						—
Other accrued expenses						6,212						14,824
Total gross deferred tax assets						170,075						150,545
Less valuation allowance						(6,430)						(8,650)
Total net deferred tax assets						$	163,645					$	141,895
Deferred tax liabilities:
Differences in bases and depreciation of property, plant and equipment						$	170,284					$	167,990
Pension						22,238						28,802
Total gross deferred tax liabilities						192,522						196,792
Net deferred tax liabilities						$	(28,877)					$	(54,897)

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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