XML 30 R19.htm IDEA: XBRL DOCUMENT v3.25.1
Commitments and Contingencies
6 Months Ended
Mar. 29, 2025
Commitments and Contingencies [Abstract]  
Commitments and Contingencies M. COMMITMENTS AND CONTINGENCIES

Various legal proceedings and claims arising in the ordinary course of business are pending against the Company. In the opinion of management, the ultimate liability, if any, from all pending legal proceedings and claims is not expected to materially affect the Company’s financial position, the results of its operations, or its cash flows.

The Company is currently working with its insurance carriers to reach final determinations with respect to inventory loss claims related to the impact of Hurricane Helene. The final amount of the claim is currently being assessed and the timing and exact amount of insurance proceeds remain uncertain. The Company did not recognize an asset for the insurance recovery receivable in the Consolidated Balance Sheet as of March 29, 2025, because recovery was not yet deemed probable. The Company will continue to monitor the claims process and will adjust its impact on financials statements accordingly in future periods.

Subsequent to March 29, 2025, the Company entered into an agreement to receive a partial payment of $4.2 million towards the ultimate settlement of the inventory loss claims. We will continue to work with the insurance carriers to reach final determination with respect to the total recovery of the inventory loss claims.