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Income Taxes (Tables) | 12 Months Ended
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Oct. 02, 2021
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax (Benefit) Expense | The components of income tax benefit (expense) were as follows for the fiscal years presented:
(in thousands) | 2021 |  | 2020 |  | 2019
Current tax provision: |  |  |  |  |
Federal | $ | 348 |  |  | $ | (1,425) |  |  | $ | 156 |
State | (82) |  |  | (65) |  |  | (985) |
Foreign | — |  |  | — |  |  | (112) |
Total current tax benefit (expense) | $ | 266 |  |  | $ | (1,490) |  |  | $ | (941) |
Deferred tax provision: |  |  |  |  |
Federal | $ | 604 |  |  | $ | (715) |  |  | $ | (5,844) |
State | 321 |  |  | 686 |  |  | (788) |
Total deferred tax benefit (expense) | 925 |  |  | (29) |  |  | (6,632) |
Income tax benefit (expense) | $ | 1,191 |  |  | $ | (1,519) |  |  | $ | (7,573) |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation between the reported income tax benefit (expense) and the amount computed by applying the statutory federal income tax rate is as follows:
(in thousands) | 2021 |  | 2020 |  | 2019
Federal tax benefit (expense) at statutory rate | $ | 415 |  |  | $ | (2,203) |  |  | $ | (6,223) |
(Increase) reduction in income tax expense resulting from: |  |  |  |  |
State taxes, net | 552 |  |  | 1,508 |  |  | (611) |
Change in uncertain tax positions | (635) |  |  | — |  |  | — |
Share-based compensation | (135) |  |  | 188 |  |  | (320) |
Permanent items | (20) |  |  | (33) |  |  | (59) |
Valuation allowance | — |  |  | (977) |  |  | (1,043) |
Tax credits | 450 |  |  | 390 |  |  | 470 |
Return to accrual adjustments | 476 |  |  | (260) |  |  | 115 |
Investor tax on non-consolidated affiliate income | (28) |  |  | (185) |  |  | 14 |
Tax rate adjustments | — |  |  | — |  |  | (32) |
Other | 116 |  |  | 53 |  |  | 116 |
Income tax benefit (expense) | $ | 1,191 |  |  | $ | (1,519) |  |  | $ | (7,573) |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
(in thousands) | 2021 |  | 2020 |  | 2019
Balance, beginning of year | $ | — |  |  | $ | — |  |  | $ | — |
Additions for tax positions of prior years | 370 |  |  | — |  |  | — |
Balance, end of year | $ | 370 |  |  | $ | — |  |  | $ | — |
Schedule of Deferred Tax Assets and Liabilities | The following table sets forth the sources of and differences between the financial accounting and tax bases of the Company’s assets and liabilities which give rise to the net deferred tax assets at the dates indicated:
(in thousands) | October 2, 2021 |  | October 3, 2020
Deferred tax liabilities |  |  |
Property, plant and equipment | $ | (10,475) |  |  | $ | (11,029) |
Other intangible assets | (12,060) |  |  | (11,807) |
Investor tax on non-consolidated affiliate income | (692) |  |  | (668) |
Other assets | (105) |  |  | (135) |
Total deferred tax liabilities | $ | (23,332) |  |  | $ | (23,639) |
Deferred tax assets |  |  |
NOL carryforward | $ | 1,126 |  |  | $ | 600 |
Accrued expenses | 6,941 |  |  | 8,419 |
Compensation | 6,691 |  |  | 11,416 |
Interest limitation carryforward | 1,071 |  |  | — |
Inventories | 760 |  |  | 1,017 |
Unearned income | 3,488 |  |  | 3,444 |
Tax credits | 7,448 |  |  | 6,307 |
Total deferred tax assets | $ | 27,525 |  |  | $ | 31,203 |
Less: valuation allowance | (3,453) |  |  | (3,453) |
Deferred tax assets less valuation allowance | $ | 24,072 |  |  | $ | 27,750 |
Net deferred tax assets | $ | 740 |  |  | $ | 4,111 |

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