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Related Party Transactions | 6 Months Ended
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Mar. 30, 2024
Related Party Transactions [Abstract] |
Related Party Transactions | N. RELATED PARTY TRANSACTIONS The Company will from time to time make short-term non-interest bearing loans to the Company’s Investment/Profit Sharing Plan to allow the plan to meet distribution obligations during a time when the plan was prohibited from selling shares of the Company’s Class A Common Stock. During the six months ended March 30, 2024, there were $500,000 loans issued and outstanding. In January 2024, the Company and a limited liability company having Mr. Robert P. Ingle II, the Company’s Chairman of the Board, as one of its principals swapped adjoining properties. In accordance with the Company’s related party transaction policy, independent fair market value appraisals were obtained, and the transaction was approved by the Audit Committee. The Company received $2.3 million in addition to the swapped property based on these values.

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