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Consolidated Statements of Earnings - USD ($)
shares in Thousands
12 Months Ended
Sep. 30, 2017
Sep. 24, 2016
Sep. 26, 2015
Net Sales $ 1,084,224,000 $ 992,781,000 $ 976,256,000
Cost of goods sold [1] 753,201,000 688,314,000 675,366,000
Gross Profit 331,023,000 304,467,000 300,890,000
Operating expenses      
Marketing [2] 94,394,000 85,963,000 85,160,000
Distribution [3] 81,824,000 73,114,000 74,158,000
Administrative [4] 36,843,000 32,299,000 30,891,000
Other (income) expense (145,000) 281,000 (207,000)
Total operating expenses 212,916,000 191,657,000 190,002,000
Operating Income 118,107,000 112,810,000 110,888,000
Other income (expenses)      
Investment income 5,289,000 4,132,000 1,157,000
Interest expense & other (1,196,000) (123,000) (126,000)
Earnings before income taxes 122,200,000 116,819,000 111,919,000
Income tax expense 43,026,000 40,844,000 41,736,000
NET EARNINGS $ 79,174,000 $ 75,975,000 $ 70,183,000
Earnings per diluted share (in dollars per share) $ 4.21 $ 4.05 [5] $ 3.73
Weighted average number of diluted shares (in shares) 18,816 18,769 18,819
Earnings per basic share (in dollars per share) $ 4.23 $ 4.07 $ 3.76
Weighted average number of basic shares (in shares) 18,707 18,649 18,685
[1] Includes share-based compensation expense of $720 for the year ended September 30, 2017, $609 for the year ended September 24, 2016 and $471 for the year ended September 26, 2015.
[2] Includes share-based compensation expense of $1,038 for the year ended September 30, 2017, $924 for the year ended September 24, 2016 and $709 for the year ended September 26, 2015.
[3] Includes share-based compensation expense of $72 for the year ended September 30, 2017, $48 for the year ended September 24, 2016 and $44 for the year ended September 26, 2015.
[4] Includes share-based compensation expense of $1,218 for the year ended September 30, 2017, $794 for the year ended September 24, 2016 and $942 for the year ended September 26, 2015.
[5] Total of quarterly amounts do not necessarily agree to the annual report amounts due to separate quarterly calculations of weighted average shares outstanding.