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Supplemental Financial Information
 9 Months Ended
Jun. 29, 2024
Condensed Financial Information [Abstract]  
Supplemental Financial Information
3. Supplemental Financial Information

Inventories

The following table presents the components of inventories at the dates indicated:
(in thousands of dollars)June 29, 2024September 30, 2023
Raw materials$77,716 $88,116 
Work in process32,462 45,875 
Finished goods34,359 1,295 
Total inventories$144,537 $135,286 

Restricted Cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported on the applicable Condensed Consolidated Balance Sheets that sum to the total of such amounts reported on the Condensed Consolidated Statements of Cash Flows:

(in thousands of dollars)June 29, 2024July 1, 2023
Cash and cash equivalents$88,416 $50,497 
Restricted cash— 238 
Total cash, cash equivalents, and restricted cash reported on the Condensed Consolidated Statements of Cash Flows$88,416 $50,735 

Amounts included in restricted cash represent those that were required by a contractual agreement with a financial institution to serve as collateral against outstanding balances pertaining to the Company's corporate credit card program.

Product Warranties

The following table reflects activity in accrued warranty cost (current and long-term portions combined) for the periods presented:
Three Months EndedNine Months Ended
(in thousands of dollars)June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Balance at beginning of period$15,476 $15,554 $15,434 $15,970 
Add current period accruals2,414 2,291 7,267 6,756 
Current period reductions of accrual(2,394)(2,468)(7,205)(7,349)
Balance at end of period$15,496 $15,377 $15,496 $15,377 
Extended Warranties
The following table reflects activity in deferred warranty income (current and long-term portions combined), for the sale of extended warranties of two to five years, for the periods presented:
Three Months EndedNine Months Ended
(in thousands of dollars)June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Balance at beginning of period$25,563 $20,081 $23,123 $18,795 
Add current period deferred income3,547 3,507 10,107 8,599 
Current period recognition of income(2,057)(1,953)(6,177)(5,759)
Balance at end of period$27,053 $21,635 $27,053 $21,635 

The outstanding balance of deferred warranty income in the table above is considered a "contract liability," and represents a performance obligation of the Company that we satisfy over the term of the arrangement but for which we have been paid in full at the time the warranty was sold. We expect to recognize $2.4 million of the outstanding contract liability during the remainder of fiscal 2024, $8.7 million in fiscal 2025, and the remaining balance thereafter.
Self-Insurance

The following table reflects our total accrued self-insurance liability, comprised of workers' compensation and health insurance related claims, at the dates indicated:
(in thousands of dollars)June 29, 2024September 30, 2023
Current portion$5,041 $4,475 
Long-term portion2,273 1,771 
Total accrued self-insurance$7,314 $6,246 

The current and long-term portions of the accrued self-insurance liability are reflected in accrued expenses and other liabilities, respectively, on the Condensed Consolidated Balance Sheets.

Shipping and Handling Revenues

Shipping and handling revenues were $5.9 million and $4.6 million for the three months ended June 29, 2024 and July 1, 2023, respectively, and $15.6 million and $13.1 million for the nine months ended June 29, 2024 and July 1, 2023, respectively. The related cost of goods sold was $5.5 million and $4.0 million for the three months ended June 29, 2024 and July 1, 2023, respectively, and $14.2 million and $11.7 million for the nine months ended June 29, 2024 and July 1, 2023, respectively.

Pension Expense

Components of net periodic pension benefit expense were as follows for the periods presented:
Three Months EndedNine Months Ended
(in thousands of dollars)June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Interest cost$1,484 $1,509 $4,452 $4,527 
Expected return on plan assets(1,620)(1,630)(4,860)(4,890)
Amortization of prior loss172 299 516 897 
Net periodic pension benefit expense
$36 $178 $108 $534 
Amortization of prior loss, recognized in other comprehensive income(172)(299)(516)(897)
Total recognized in net periodic pension benefit expense and other comprehensive income
$(136)$(121)$(408)$(363)