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Note J - Commitments

12 Months Ended

Sep. 28, 2019

Commitments and Contingencies Disclosure [Text Block]

NOTE J - COMMITMENTS

1.	Lease Commitments

The following is a summary of approximate future minimum rental commitments for non-cancelable operating leases with terms of more than one year as of September 28, 2019:

	Plants and
	Offices		Equipment		Total
	(in thousands)
2020	$	8,763	$	6,051	$	14,814
2021		7,919		4,767		12,686
2022		7,403		3,088		10,491
2023		7,218		1,753		8,971
2024		6,165		823		6,988
2025 and thereafter		25,545		43		25,588
Total minimal rental commitments	$	63,013	$	16,525	$	79,538

Total rent expense was $21,167,000, $21,760,000 and $20,354,000 fiscal years 2019, 2018 and 2017, respectively.

2.	Other Commitments

We are a party to litigation which has arisen in the normal course of business which management currently believes will not have a material adverse effect on our financial condition or results of operations.

We self-insure, up to loss limits, certain insurable risks such as worker’s compensation and automobile liability claims. Accruals for claims under our self-insurance program are recorded on a claims incurred basis. Our total recorded liability for all years’ claims incurred but not yet paid was $8,700,000 and $9,200,000 at September 28, 2019 and September 29, 2018, respectively. In connection with certain self-insurance agreements, we customarily enter into letters of credit arrangements with our insurers. At both September 28, 2019 and September 29, 2018, we had outstanding letters of credit totaling $9,275,000.

We have a self-insured medical plan which covers approximately 1,700 of our employees. We record a liability for incurred but not yet reported or paid claims based on our historical experience of claims payments and a calculated lag time period. Our recorded liability at September 28, 2019 and September 29, 2018 was $1,392,000 and $2,058,000, respectively.