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Income Taxes (Tables)

12 Months Ended

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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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.

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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.

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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.

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Tabular disclosure of the change in unrecognized tax benefits.

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