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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 28, 2024
Jun. 30, 2023
Jun. 28, 2024
Jun. 30, 2023
Net sales $ 172,472 $ 187,047 $ 486,972 $ 567,499
Cost of sales 110,650 109,460 310,865 351,798
Gross profit 61,822 77,587 176,107 215,701
Operating expenses:        
Marketing and selling 41,109 39,504 111,040 113,585
Administrative management, finance and information systems 13,935 12,638 42,302 43,944
Research and development 7,284 8,002 23,478 23,867
Total operating expenses 62,328 60,144 176,820 181,396
Operating (loss) profit (506) 17,443 (713) 34,305
Interest income (1,123) (1,244) (3,178) (2,806)
Interest expense 37 39 115 114
Other income, net (327) (1,174) (7,468) (10,939)
Profit before income taxes 907 19,822 9,818 47,936
Income tax (benefit) expense (715) 5,021 2,085 12,395
Net income $ 1,622 $ 14,801 $ 7,733 $ 35,541
Weighted average common shares - Basic:        
Participating securities (in shares) 17 22 17 16
Weighted average common shares - Dilutive (in shares) 10,249 10,210 10,232 10,187
Class A        
Weighted average common shares - Basic:        
Weighted average common shares - basic (in shares) 9,024 8,980 9,007 8,963
Net income per common share - Basic:        
Net income per common share - basic (in USD per share) $ 0.16 $ 1.46 $ 0.75 $ 3.51
Net income per common share - Diluted:        
Net income per common share - diluted (in USD per share) $ 0.16 $ 1.44 $ 0.75 $ 3.47
Class B        
Weighted average common shares - Basic:        
Weighted average common shares - basic (in shares) 1,208 1,208 1,208 1,208
Net income per common share - Basic:        
Net income per common share - basic (in USD per share) $ 0.16 $ 1.33 $ 0.75 $ 3.19
Net income per common share - Diluted:        
Net income per common share - diluted (in USD per share) $ 0.16 $ 1.44 $ 0.75 $ 3.47