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QUARTERLY FINANCIAL SUMMARY (UNAUDITED)
 12 Months Ended
Sep. 27, 2019
Quarterly Financial Data [Abstract]  
QUARTERLY FINANCIAL SUMMARY (UNAUDITED)
QUARTERLY FINANCIAL SUMMARY (UNAUDITED)

The following summarizes quarterly operating results for the years presented below:

 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
(thousands, except per share data)
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Net sales
$
104,440

 
$
116,579

 
$
177,707

 
$
165,778

 
$
176,253

 
$
170,779

 
$
104,019

 
$
91,132

Gross profit
44,319

 
48,811

 
79,129

 
74,195

 
79,725

 
79,333

 
46,583

 
39,521

Operating profit (loss)
5,978

 
7,037

 
27,844

 
26,002

 
28,029

 
31,955

 
1,923

 
(1,973
)
Income (loss) before income taxes
4,331

 
8,324

 
30,020

 
29,445

 
28,892

 
31,779

 
3,264

 
(1,442
)
Income tax expense
810

 
8,089

 
8,097

 
7,825

 
6,826

 
8,009

 
(639
)
 
3,514

Net income (loss)
$
3,521

 
$
235

 
$
21,923

 
$
21,620

 
$
22,066

 
$
23,770

 
$
3,903

 
$
(4,956
)
Net income (loss) per common share - Basic:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Class A
$
0.36

 
$
0.02

 
$
2.21

 
$
2.19

 
$
2.22

 
$
2.40

 
$
0.49

 
$
(0.50
)
Class B
$
0.32

 
$
0.02

 
$
2.01

 
$
1.99

 
$
2.02

 
$
2.19

 
$
0.45

 
$
(0.46
)
Net income (loss) per common share - Diluted:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Class A
$
0.35

 
$
0.02

 
$
2.18

 
$
2.15

 
$
2.19

 
$
2.37

 
$
0.49

 
$
(0.49
)
Class B
$
0.35

 
$
0.02

 
$
2.18

 
$
2.15

 
$
2.19

 
$
2.37

 
$
0.49

 
$
(0.49
)


Due to changes in stock prices during the year and the timing of issuance of shares, the cumulative total of quarterly net income (loss) per share amounts may not equal the net income (loss) per share for the entire year.