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Note H - Income Taxes (Tables)

12 Months Ended

Sep. 28, 2024

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Fiscal year ended
		September 28,				September 30,				September 24,
		2024				2023				2022
		(in thousands)
Current
U.S. Federal		$	17,532			$	6,447			$	(374	)
Foreign			1,983				6,149				2,854
State			6,447				4,349				3,210
Total current expense			25,962				16,945				5,690
Deferred
U.S. Federal		$	5,028			$	12,134			$	10,834
Foreign			238				232				(394	)
State			1,168				(703	)			(1,611	)
Total deferred expense			6,434				11,663				8,829
Total expense		$	32,396			$	28,608			$	14,519

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Fiscal year ended
		September 28,				September 30,				September 24,
		2024				2023				2022
		(in thousands)
Income taxes at federal statutory rates		$	24,979			$	22,578			$	12,968
Increase (decrease) in taxes resulting from:
State income taxes, net of federal income tax benefit			6,261				2,732				1,261
Share-based compensation			(233	)			62				162
Tax effect in jurisdictions where rates differ from state			1,195				1,837				424
Other, net			194				1,399				(296	)
Income tax expense		$	32,396			$	28,608			$	14,519

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		Fiscal year ended
		September 28,				September 30,
		2024				2023
		(in thousands)
Deferred tax assets:
Vacation accrual		$	1,037			$	1,215
Capital loss carry forwards			229				224
Unrealized gains/losses			298				451
Accrued insurance liability			4,071				3,511
Operating lease liabilities			42,542				23,996
Deferred income			30				44
Allowances			2,805				2,879
Inventory capitalization			1,850				1,702
Share-based compensation			1,960				1,960
Net operating loss			2,112				940
Bonus accrual			2,497				2,282
Foreign tax credit			185				250
Total deferred tax assets			59,616				39,454
Valuation allowance			(527	)			(675	)
Total deferred tax assets, net			59,089				38,779
Deferred tax liabilities:
Amortization of goodwill and other intangible assets			38,842				35,363
Depreciation of property, plant and equipment			67,073				61,185
Right-of-use assets			40,563				22,688
Accounting method change 481(a)			435				853
Total deferred tax liabilities			146,913				120,089
Total deferred tax liabilities, net		$	87,824			$	81,310

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
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-Publisher FASB
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