Inventories, Net

9 Months Ended

Jun. 26, 2020

Inventory Disclosure [Abstract]

Inventories, Net

11. INVENTORIES, NET

        A majority of the Company's inventories are recorded at the lower of cost (primarily last in, first out, or "LIFO") or market. Approximately 73% and 72% of the Company's inventories were valued at the lower of LIFO cost or market at June 26, 2020 and September 30, 2019, respectively. Interim LIFO determinations, including those at June 26, 2020, are based on management's estimates of future inventory levels and costs for the remainder of the current fiscal year.

(in thousands)	June 26, 2020		September 30, 2019
Purchased materials and manufactured parts, net	$	51,165	$	52,742
Work in process, net	20,528		21,424
Finished goods, net	130,240		151,924
Inventories, net	$	201,933	$	226,090

        Total inventories would be $2,997 and $3,138 higher than reported as of June 26, 2020 and September 30, 2019, respectively, if the first-in, first-out method was used for all inventories. As of June 26, 2020, and September 30, 2019, the excess and obsolete inventory reserve was $13,284 and $14,295, respectively.