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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Oct. 02, 2021
Cash Flows From Operating Activities:      
Net earnings $ 32,415,000 $ 125,011,000 $ 66,610,000
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 13,304,000 14,486,000 14,521,000
Amortization of capitalized financing costs 57,000 65,000 65,000
Stock-based compensation expense 2,425,000 2,429,000 1,988,000
Deferred income taxes 238,000 327,000 (118,000)
Asset impairment charges 0 0 1,415,000
(Gain) loss on sale and disposition of property, plant and equipment and assets held for sale (3,271,000) (480,000) 125,000
Increase in cash surrender value of life insurance policies over premiums paid (531,000) 0 (1,533,000)
Gain from life insurance proceeds 0 (364,000) 0
Net changes in assets and liabilities:      
Accounts receivable, net 18,222,000 (13,729,000) (14,100,000)
Inventories 94,348,000 (118,605,000) (10,086,000)
Accounts payable and accrued expenses (16,949,000) (1,964,000) 11,891,000
Other changes 1,942,000 (1,506,000) (900,000)
Total adjustments 109,785,000 (119,341,000) 3,268,000
Net cash provided by operating activities 142,200,000 5,670,000 69,878,000
Cash Flows From Investing Activities:      
Capital expenditures (30,702,000) (15,900,000) (17,500,000)
(Increase) decrease in cash surrender value of life insurance policies (476,000) 1,361,000 (416,000)
Proceeds from sale of assets held for sale 0 6,934,000 79,000
Proceeds from sale of property, plant and equipment 9,924,000 0 0
Proceeds from surrender of life insurance policies 358,000 110,000 32,000
Proceeds from life insurance claims 0 1,456,000 0
Net cash used for investing activities (20,896,000) (6,039,000) (17,805,000)
Cash Flows From Financing Activities:      
Proceeds from long-term debt 323,000 266,000 297,000
Principal payments on long-term debt (323,000) (266,000) (297,000)
Cash dividends paid (41,252,000) (41,162,000) (31,294,000)
Cash received from exercise of stock options 239,000 1,650,000 1,082,000
Financing costs (177,000) 0 0
Payment of employee tax withholdings related to net share transactions (432,000) (483,000) (665,000)
Repurchases of common stock (2,328,000) (1,204,000) 0
Net cash used for financing activities (43,950,000) (41,199,000) (30,877,000)
Net (decrease) increase in cash and cash equivalents 77,354,000 (41,568,000) 21,196,000
Cash and cash equivalents at beginning of period 48,316,000 89,884,000 68,688,000
Cash and cash equivalents at end of period 125,670,000 48,316,000 89,884,000
Supplemental Disclosures of Cash Flow Information:      
Income taxes, net 7,834,000 41,483,000 16,799,000
Non-cash investing and financing activities:      
Purchases of property, plant and equipment in accounts payable 1,301,000 946,000 501,000
Restricted stock units and stock options surrendered for withholding taxes payable $ 432,000 $ 483,000 $ 665,000