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INCOME TAXES (Tables)

12 Months Ended

Sep. 29, 2023

Income Tax Disclosure [Abstract]

Schedule of U.S. And Foreign Income Before Taxes

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

			2023						2022						2021
United States			$	16,070					$	51,229					$	99,774
Foreign			9,754						7,659						13,148
			$	25,824					$	58,888					$	112,922

Schedule of Income Tax Expense

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

			2023						2022						2021
Current:
Federal			$	7,631					$	8,798					$	22,860
State			2,267						834						6,392
Foreign			3,286						2,922						3,236
Deferred			(6,894)						1,843						(2,947)
			$	6,290					$	14,397					$	29,541

Schedule of 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:

			2023						2022
Deferred tax assets:
Inventories			$	4,628					$	2,366
Compensation			6,954						8,099
Lease liabilities			12,956						14,168
Tax credit carryforwards			2,116						2,356
Net operating loss carryforwards			5,488						4,805
Research and Experimental Expenditures			4,536						—
Other			7,310						6,430
Total gross deferred tax assets			43,988						38,224
Less valuation allowance			7,101						6,700
Deferred tax assets			36,887						31,524
Deferred tax liabilities:
Goodwill and other intangibles			2,476						1,848
Right of Use assets			12,571						13,864
Depreciation and amortization			4,578						5,528
Foreign statutory reserves			748						625
Net deferred tax assets			$	16,514					$	9,659

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 September 29, 2023 and September 30, 2022 were as follows:

			2023						2022
Non-current assets			$	18,352					$	11,411
Non-current liabilities			1,838						1,752
Net deferred tax assets			$	16,514					$	9,659

Schedule of 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:

			2023						2022						2021
Statutory U.S. federal income tax rate			21.0		%				21.0		%				21.0		%
State income tax, net of federal benefit			3.4		%				3.4		%				4.4		%
Uncertain tax positions, net of settlements			(0.3)		%				(0.5)		%				0.1		%
Foreign-derived intangible income ("FDII") deduction			(2.3)		%				(0.9)		%				(1.1)		%
Foreign tax rate differences			2.2		%				1.5		%				0.6		%
Compensation			2.4		%				0.1		%				0.8		%
Changes in estimates related to prior years tax return filing			(1.3)		%				(1.6)		%				(0.5)		%
Deferred tax asset - valuation allowance			1.7		%				1.6		%				0.6		%
Tax Credits			(2.5)		%				(0.7)		%				(0.4)		%
Other			0.1		%				0.5		%				0.7		%
			24.4		%				24.4		%				26.2		%

Schedule of Operating Loss Carryforwards

The Company’s net operating loss carryforwards and their expirations as of September 29, 2023 were as follows:

			State						Foreign						Total
Year of expiration
2024-2028			$	2,118					$	8,346					$	10,464
2029-2033			2,326						6,365						8,691
2034-2038			4,447						—						4,447
2039-2043			774						—						774
Indefinite			2						6,800						6,802
Total			$	9,667					$	21,511					$	31,178

Schedule of Tax Credit Carryforwards

The Company has tax credit carryforwards as follows:

			State						Federal						Total
Year of expiration
2024-2028			$	1,365											$	1,365
2029-2033			598												598
2034-2038			119												119
Total			$	2,082					$	—					$	2,082

Schedule of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

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

			2023						2022
Beginning balance			$	6,201					$	6,757
Gross increases - tax positions in prior period			—						—
Gross decreases - tax positions in prior period			—						—
Gross increases - tax positions in current period			493						476
Settlements			—						—
Lapse of statute of limitations			(598)						(1,032)
Ending balance			$	6,096					$	6,201

Schedule 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			2020-2023
Canada			2019-2023
France			2020-2023
Germany			2018-2023
Italy			2021-2023
Switzerland			2013-2023

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