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Note B - Acquisitions (Tables) | 12 Months Ended
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Sep. 30, 2023
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | Fiscal year ended |
|  | September 30, |  |  | September 24, |
|  | 2023 |  |  | 2022 |
|  | (in thousands) |
Net sales |  | $ | 95,963 |  |  | $ | 33,734 |
Net earnings |  | $ | 13,005 |  |  | $ | 4,859 |
|  | Preliminary Value |  |  |  |  |  |  |  |  |
|  | as of acquisition |  |  |  |  |  |  |  |  |
|  | date (as previously |  |  | Measurement |  |  |  |  |
|  | reported as of |  |  | Period |  |  |  |  |
|  | June 25, 2022) |  |  | Adjustment |  |  | As Adjusted |
|  | (in thousands) |
Cash and cash equivalents |  | $ | 2,259 |  |  |  |  |  |  | $ | 2,259 |
Accounts receivable, net |  |  | 12,257 |  |  |  |  |  |  |  | 12,257 |
Inventories |  |  | 8,812 |  |  |  | (301 | ) |  |  | 8,511 |
Prepaid expenses and other |  |  | 1,215 |  |  |  |  |  |  |  | 1,215 |
Property, plant and equipment, net |  |  | 24,622 |  |  |  | 6,548 |  |  |  | 31,170 |
Intangible assets |  |  | 120,400 |  |  |  | (2,200 | ) |  |  | 118,200 |
Goodwill (1) |  |  | 66,634 |  |  |  | (3,397 | ) |  |  | 63,237 |
Operating lease right-of-use assets |  |  | 3,514 |  |  |  |  |  |  |  | 3,514 |
Other noncurrent assets |  |  | 243 |  |  |  |  |  |  |  | 243 |
Total assets acquired |  |  | 239,956 |  |  |  | 650 |  |  |  | 240,606 |
Liabilities assumed: |  |  |  |  |  |  |  |  |  |  |  |
Current lease liabilities |  |  | 619 |  |  |  |  |  |  |  | 619 |
Accounts payable |  |  | 6,005 |  |  |  |  |  |  |  | 6,005 |
Other current liabilities |  |  | 3,532 |  |  |  | 650 |  |  |  | 4,182 |
Noncurrent lease liabilities |  |  | 2,954 |  |  |  |  |  |  |  | 2,954 |
Other noncurrent liabilities |  |  | 3,285 |  |  |  |  |  |  |  | 3,285 |
Total liabilities acquired |  |  | 16,395 |  |  |  | 650 |  |  |  | 17,045 |
Purchase price |  | $ | 223,561 |  |  | $ | - |  |  | $ | 223,561 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] |
|  | Weighted average |  |  | June 21, |
|  | life (years) |  |  | 2022 |
|  |  |  |  |  | (in thousands) |
Amortizable |  |  |  |  |  |  |  |
Trade name |  | indefinite |  |  | $ | 76,900 |
Developed technology |  |  | 10 |  |  |  | 22,900 |
Customer relationships |  |  | 10 |  |  |  | 9,900 |
Franchise agreements |  |  | 10 |  |  |  | 8,500 |
Total acquired intangible assets |  |  |  |  |  | $ | 118,200 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | Fiscal year ended |
|  | September 24, |  |  | September 25, |
|  | 2022 |  |  | 2021 |
|  | (in thousands) |
Net sales |  | $ | 1,428,505 |  |  | $ | 1,209,055 |
Net earnings |  | $ | 49,191 |  |  | $ | 61,001 |
Earnings per diluted share |  | $ | 2.56 |  |  | $ | 3.19 |
Weighted average number of diluted shares |  |  | 19,213 |  |  |  | 19,133 |

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