XML 23 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Sep. 28, 2018
Sep. 29, 2017
Sep. 30, 2016
CASH PROVIDED BY OPERATING ACTIVITIES      
Net income $ 40,669,000 $ 35,157,000 $ 13,501,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 11,994,000 11,804,000 10,654,000
Amortization of intangible assets 1,111,000 1,276,000 1,179,000
Amortization of deferred financing costs 58,000 297,000 122,000
(Gain) loss on sale of productive assets (1,134,000) (17,000) 16,000
Impairment losses 0 0 6,197,000
Stock based compensation 2,297,000 1,986,000 1,832,000
Write off of currency translation adjustment (gain) loss (2,378,000) 64,000 (249,000)
Provision for doubtful accounts receivable 21,000 876,000 299,000
Provision for inventory reserves 394,000 1,356,000 3,650,000
Pension contributions (5,188,000) (1,365,000) (482,000)
Deferred income taxes 10,772,000 (2,784,000) (2,219,000)
Change in operating assets and liabilities:      
Accounts receivable, net 5,409,000 (5,364,000) 3,390,000
Inventories, net (10,495,000) (11,413,000) 8,524,000
Accounts payable and accrued liabilities 8,432,000 15,901,000 (2,513,000)
Other current assets (837,000) 193,000 197,000
Other non-current assets 0 57,000 (246,000)
Other long-term liabilities 1,990,000 (1,034,000) (140,000)
Other, net 243,000 (640,000) (278,000)
Cash provided by operating activities 63,358,000 46,350,000 43,434,000
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES      
Payments for purchase of business 0 0 (9,152,000)
Purchase of short-term investments (34,789,000) (46,607,000) 0
Proceeds from sales of short-term investments 52,682,000 0 0
Capital expenditures (19,152,000) (11,613,000) (11,702,000)
Proceeds from sale of productive assets 1,307,000 212,000 113,000
Cash used for investing activities 48,000 (58,008,000) (20,741,000)
CASH USED FOR FINANCING ACTIVITIES      
Principal payments on term loans and other long-term debt 0 (7,376,000) (332,000)
Debt issuance costs paid (63,000) 0 0
Common stock transactions 153,000 47,000 271,000
Dividends paid (4,350,000) (3,559,000) (3,169,000)
Purchases of treasury stock (675,000) (663,000) (1,506,000)
Cash used for financing activities (4,935,000) (11,551,000) (4,736,000)
Effect of foreign currency rate changes on cash (404,000) (275,000) 178,000
Increase (decrease) in cash and cash equivalents 58,067,000 (23,484,000) 18,135,000
CASH AND CASH EQUIVALENTS      
Beginning of period 63,810,000 87,294,000 69,159,000
End of period 121,877,000 63,810,000 87,294,000
Supplemental Disclosure:      
Cash paid for taxes 14,422,000 13,751,000 14,496,000
Cash paid for interest $ 143,000 $ 493,000 $ 732,000