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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 30, 2017
Net Sales $ 1,186,487 $ 1,138,265 $ 1,084,224
Cost of goods sold [1] 836,086 801,979 753,201
Gross Profit 350,401 336,286 331,023
Operating expenses      
Marketing [2] 96,428 95,405 94,394
Distribution [3] 94,888 92,281 81,824
Administrative [4] 40,721 37,757 36,843
Other expense (income) 1,408 68 (145)
Total operating expenses 233,445 225,511 212,916
Operating Income 116,956 110,775 118,107
Other income (expenses)      
Investment income 7,741 6,267 5,289
Interest expense & other 1,880 1,110 (1,196)
Earnings before income taxes 126,577 118,152 122,200
Income taxes 31,758 14,556 43,026
NET EARNINGS $ 94,819 $ 103,596 $ 79,174
Earnings per diluted share (in dollars per share) $ 5.00 [5] $ 5.51 $ 4.21
Weighted average number of diluted shares (in shares) 18,959 18,817 18,816
Earnings per basic share (in dollars per share) $ 5.04 $ 5.54 $ 4.23
Weighted average number of basic shares (in shares) 18,812 18,694 18,707
[1] Includes share-based compensation expense of $271 and $735 for the three months and nine months ended June 29, 2019, respectively and $225 and $642 for the three months and nine months ended June 30, 2018.
[2] Includes share-based compensation expense of $391 and $1,061 for the three months and nine months ended June 29, 2019, respectively and $349 and $998 for the three months and nine months ended June 30, 2018.
[3] Includes share-based compensation expense of $24 and $65 for the three months and nine months ended June 29, 2019, respectively and $20 and $56 for the three months and nine months ended June 30, 2018.
[4] Includes share-based compensation expense of $435 and $1,191 for the three months and nine months ended June 29, 2019, respectively and $412 and $1,178 for the three months and nine months ended June 30, 2018.
[5] Total of quarterly amounts do not necessarily agree to the annual report amounts due to separate quarterly calculations of weighted average shares outstanding.