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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Oct. 01, 2022
Cash Flows From Operating Activities:      
Net earnings $ 19,305,000 $ 32,415,000 $ 125,011,000
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 15,413,000 13,304,000 14,486,000
Amortization of capitalized financing costs 50,000 57,000 65,000
Stock-based compensation expense 3,072,000 2,425,000 2,429,000
Deferred income taxes 4,195,000 238,000 327,000
Loss (gain) on sale and disposition of property, plant and equipment and assets held for sale 99,000 (3,271,000) (480,000)
Increase in cash surrender value of life insurance policies over premiums paid (1,532,000) (531,000) 0
Gain from life insurance proceeds 0 0 (364,000)
Net changes in assets and liabilities:      
Accounts receivable, net 5,116,000 18,222,000 (13,729,000)
Inventories 14,466,000 94,348,000 (118,605,000)
Accounts payable and accrued expenses (639,000) (16,949,000) (1,964,000)
Other changes (1,338,000) 1,942,000 (1,506,000)
Total adjustments 38,902,000 109,785,000 (119,341,000)
Net cash provided by operating activities 58,207,000 142,200,000 5,670,000
Cash Flows From Investing Activities:      
Capital expenditures (19,149,000) (30,702,000) (15,900,000)
(Increase) decrease in cash surrender value of life insurance policies (517,000) (476,000) 1,361,000
Proceeds from sale of assets held for sale 0 0 6,934,000
Proceeds from sale of property, plant, and equipment 4,000 9,924,000 0
Proceeds from surrender of life insurance policies 25,000 358,000 110,000
Proceeds from life insurance claims 0 0 1,456,000
Net cash used for investing activities (19,637,000) (20,896,000) (6,039,000)
Cash Flows From Financing Activities:      
Proceeds from long-term debt 298,000 323,000 266,000
Principal payments on long-term debt (298,000) (323,000) (266,000)
Cash dividends paid (50,942,000) (41,252,000) (41,162,000)
Cash received from exercise of stock options 428,000 239,000 1,650,000
Financing costs 0 (177,000) 0
Payment of employee tax withholdings related to net share transactions (352,000) (432,000) (483,000)
Repurchases of common stock (1,836,000) (2,328,000) (1,204,000)
Net cash used for financing activities (52,702,000) (43,950,000) (41,199,000)
Net (decrease) increase in cash and cash equivalents (14,132,000) 77,354,000 (41,568,000)
Cash and cash equivalents at beginning of period 125,670,000 48,316,000 89,884,000
Cash and cash equivalents at end of period 111,538,000 125,670,000 48,316,000
Supplemental Disclosures of Cash Flow Information:      
Income taxes, net 3,332,000 7,834,000 41,483,000
Non-cash investing and financing activities:      
Purchases of property, plant and equipment in accounts payable 2,449,000 1,301,000 946,000
Restricted stock units and stock options surrendered for withholding taxes payable $ 352,000 $ 432,000 $ 483,000