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INCOME TAXES (Tables)

12 Months Ended

Oct. 01, 2021

Income Tax Disclosure [Abstract]

U.S. And Foreign Income Before Taxes

The U.S. and foreign income before income taxes for the respective years consisted of the following:

			2021						2020						2019
United States			$	99,774					$	72,602					$	59,261
Foreign			13,148						1,100						7,246
			$	112,922					$	73,702					$	66,507

Income Tax Expense

Income tax expense for the respective years consisted of the following:

			2021						2020						2019
Current:
Federal			$	22,860					$	13,735					$	11,074
State			6,392						3,348						2,752
Foreign			3,236						1,109						1,422
Deferred			(2,947)						277						(154)
			$	29,541					$	18,469					$	15,094

Tax Effects Of Temporary Differences Giving Rise To Deferred Tax Assets And Liabilities

The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities at the end of the respective years are presented below:

			2021						2020
Deferred tax assets:
Inventories			$	1,355					$	1,346
Compensation			8,771						7,726
Tax credit carryforwards			2,817						3,235
Net operating loss carryforwards			3,996						4,427
Other			8,756						7,154
Total gross deferred tax assets			25,695						23,888
Less valuation allowance			6,372						6,524
Deferred tax assets			19,323						17,364
Deferred tax liabilities:
Goodwill and other intangibles			1,717						2,080
Depreciation and amortization			5,714						5,735
Foreign statutory reserves			362						288
Net deferred tax assets			$	11,530					$	9,261

Schedule Of Net Deferred Tax Assets In Consolidated Balance Sheet

The net deferred tax assets recorded in the accompanying Consolidated Balance Sheets as of the years ended October 1, 2021 and October 2, 2020 were as follows:

			2021						2020
Non-current assets			$	13,129					$	10,679
Non-current liabilities			1,599						1,418
Net deferred tax assets			$	11,530					$	9,261

Significant Differences Between Statutory Federal Tax Rate And Effective Income Tax Rate

The significant differences between the statutory federal tax rate and the effective income tax rates for the Company for the respective years shown below were as follows:

			2021						2020						2019
Statutory U.S. federal income tax rate			21.0		%				21.0		%				21.0		%	*
State income tax, net of federal benefit			4.4		%				4.6		%				4.3		%
Uncertain tax positions, net of settlements			0.1		%				(0.1)		%				(0.5)		%
Foreign-derived intangible income ("FDII") deduction			(1.1)		%				(1.1)		%				(0.9)		%
Net tax cost of foreign income			0.7		%				—		%				0.5		%
Compensation			0.8		%				0.7		%				(0.7)		%
Other			0.3		%				—		%				(1.0)		%
			26.2		%				25.1		%				22.7		%

Summary Of Operating Loss Carryforwards

The Company’s net operating loss carryforwards and their expirations as of October 1, 2021 were as follows:

			State						Foreign						Total
Year of expiration
2022-2026			$	653					$	6,403					$	7,056
2027-2031			2,928						4,689						7,617
2032-2036			6,857						—						6,857
2037-2041			648						—						648
Indefinite			—						3,372						3,372
Total			$	11,086					$	14,464					$	25,550

Summary Of Tax Credit Carryforwards

The Company has tax credit carryforwards as follows:

			State						Federal						Total
Year of expiration
2022-2026			$	1,554					$	—					$	1,554
2027-2031			904						—						904
2032-2036			359						—						359
Total			$	2,817					$	—					$	2,817

Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits follows:

			2020						2019
Beginning balance			$	7,372					$	7,931
Gross increases - tax positions in prior period			—						82
Gross increases - tax positions in current period			1,288						909
Settlements			—						—
Lapse of statute of limitations			(1,903)						(1,550)
Ending balance			$	6,757					$	7,372

Summary of Income Tax Examinations

The following tax years remain subject to examination by the Company's respective major tax jurisdictions:

Jurisdiction			Fiscal Years
United States			2018-2021
Canada			2017-2021
France			2018-2021
Germany			2019-2021
Italy			2019-2021
Switzerland			2011-2021

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