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Note 2 (Tables) | 9 Months Ended
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Jun. 25, 2022
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | (in thousands) |
|  | June 21, |
|  | 2022 |
Cash and cash equivalents |  | $ | 2,259 |
Accounts receivable, net |  |  | 12,257 |
Inventories |  |  | 8,812 |
Prepaid expenses and other |  |  | 1,215 |
Property, plant and equipment, net |  |  | 24,622 |
Intangible assets |  |  | 120,400 |
Goodwill(2) |  |  | 66,634 |
Operating lease right-of-use assets |  |  | 3,514 |
Other noncurrent assets |  |  | 243 |
Total assets acquired |  |  | 239,956 |
Liabilities assumed: |  |  |  |
Current lease liabilities |  |  | 619 |
Accounts payable |  |  | 6,005 |
Other current liabilities |  |  | 3,532 |
Noncurrent lease liabilities |  |  | 2,954 |
Other noncurrent liabilities |  |  | 3,285 |
Total liabilities acquired |  |  | 16,395 |
Purchase price |  | $ | 223,561 |
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block] |
Acquired Intangible Assets |  |  |  |  |  |  |  |
|  |  |  |  |  | (in thousands) |
|  | Weighted average |  |  | June 21, |
|  | life (years) |  |  | 2022 |
Amortizable |  |  |  |  |  |  |  |
Trade name |  | indefinite |  |  |  | 76,900 |
Customer relationships |  |  | 10 |  |  |  | 12,100 |
Technology |  |  | 10 |  |  |  | 22,900 |
Franchise agreements |  |  | 10 |  |  |  | 8,500 |
Total acquired intangible assets |  |  |  |  |  |  | 120,400 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | (in thousands) |
|  | Three Months ended |  |  | Nine Months ended |
|  | June 25, |  |  | June 25, |
|  | 2022 |  |  | 2022 |
Net sales |  | $ | 2,218 |  |  | $ | 2,218 |
Net earnings |  | $ | 621 |  |  | $ | 621 |
|  | (in thousands) |
|  | Three Months ended |  |  | Nine Months ended |
|  | June 25, |  |  | June 26, |  |  | June 25, |  |  | June 26, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net sales |  | $ | 404,182 |  |  | $ | 349,722 |  |  | $ | 1,028,079 |  |  | $ | 861,536 |
Net earnings |  | $ | 17,838 |  |  | $ | 33,980 |  |  | $ | 31,501 |  |  | $ | 35,893 |
Earnings per diluted share |  | $ | 0.93 |  |  | $ | 1.77 |  |  | $ | 1.64 |  |  | $ | 1.88 |
Weighted average number of diluted shares |  |  | 19,234 |  |  |  | 19,185 |  |  |  | 19,198 |  |  |  | 19,116 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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