XML 57 R38.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
--- | ---
Sep. 29, 2018
Quarterly Financial Data [Abstract] |
Schedule of Quarterly Financial Data | The following is summarized quarterly financial data for fiscal 2018 and 2017 (in thousands, except per share amounts):
2018 |  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Total
Net sales |  | $ | 677,294 |  |  | $ | 698,651 |  |  | $ | 726,385 |  |  | $ | 771,178 |  |  | $ | 2,873,508 |
Gross profit (1) |  | 63,523 |  |  | 52,952 |  |  | 67,821 |  |  | 73,304 |  |  | 257,600 |
Net (loss) income (1, 2) |  | (98,493 | ) |  | 12,290 |  |  | 26,501 |  |  | 72,742 |  |  | 13,040 |
Earnings per share (3): |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (2.93 | ) |  | $ | 0.37 |  |  | $ | 0.81 |  |  | $ | 2.27 |  |  | $ | 0.40 |
Diluted (4) |  | $ | (2.93 | ) |  | $ | 0.36 |  |  | $ | 0.79 |  |  | $ | 2.20 |  |  | $ | 0.38 |
2017 |  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Total
Net sales |  | $ | 635,019 |  |  | $ | 604,349 |  |  | $ | 618,832 |  |  | $ | 669,852 |  |  | $ | 2,528,052 |
Gross profit |  | 64,356 |  |  | 63,800 |  |  | 61,185 |  |  | 66,514 |  |  | 255,855 |
Net income |  | 28,179 |  |  | 29,295 |  |  | 25,579 |  |  | 29,009 |  |  | 112,062 |
Earnings per share (3): |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.84 |  |  | $ | 0.87 |  |  | $ | 0.76 |  |  | $ | 0.86 |  |  | $ | 3.33 |
Diluted |  | $ | 0.82 |  |  | $ | 0.84 |  |  | $ | 0.74 |  |  | $ | 0.84 |  |  | $ | 3.24 |
(1) The second quarter of fiscal 2018 results included the $13.5 million one-time employee bonus. (2) The first quarter of fiscal 2018 results included $124.5 million of tax expense as a result of the enactment of Tax Reform. The fourth quarter of fiscal 2018 results included $38.6 million of non-recurring tax benefits as well as a $3.6 million benefit due to the reversal of a valuation allowance on U.S. deferred tax assets. These benefits were partially offset by $1.1 million of tax expense for other non-recurring tax items. Refer to Note 6, "Income Taxes," for further details on Tax Reform. (3) The annual total amounts may not equal the sum of the quarterly amounts due to rounding. Earnings per share is computed independently for each quarter. (4) The first quarter of fiscal 2018 includes $3.59 per share of tax expense as a result of the enactment of U.S. Tax Reform and $0.09 per share that resulted from 1.1 million of weighted average potentially-dilutive shares that were excluded from the diluted shares calculation due to the net loss position. The second quarter of fiscal 2018 includes $0.38 per share of expense related to the one-time employee bonus. The fourth quarter of fiscal 2018 includes $1.24 per share of non-recurring tax benefits.

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialDataAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=84173487&loc=d3e1280-108306 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration