Investments in Associated Companies (Tables)

12 Months Ended

Sep. 25, 2022

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

Summarized financial information of TNI is as follows:

(Thousands of Dollars)	September 25 2022	September 26 2021
ASSETS
Current assets	2,801	2,238
Investments and other assets	1,584	1,693
Total assets	4,385	3,931
LIABILITIES AND MEMBERS' EQUITY
Current liabilities	5,005	5,027
Members' equity	(620)	(1,096)
Total liabilities and members' equity	4,385	3,931

Summarized results of TNI are as follows:

(Thousands of Dollars)	2022	2021	2020
Operating revenue	34,153	34,782	37,101
Operating expenses	25,445	25,320	29,673
Net income	8,708	9,462	7,428
Company's 50% share	4,354	4,731	3,714
Less amortization of intangible assets	—	—	209
Equity in earnings of TNI	4,354	4,731	3,505

Summarized financial information of MNI is as follows:

(Thousands of Dollars)	September 25 2022	September 26 2021
ASSETS
Current assets	5,837	6,930
Investments and other assets	29,903	30,422
Total assets	35,740	37,352
LIABILITIES AND MEMBERS' EQUITY
Current liabilities	5,922	6,921
Other liabilities	5,696	6,470
Stockholders' equity	24,122	23,961
Total liabilities and stockholders' equity	35,740	37,352

Summarized results of MNI are as follows:

(Thousands of Dollars)	2022	2021	2020
Operating revenue	47,621	46,015	48,056
Operating expenses, excluding restructuring costs, depreciation and amortization	37,922	35,583	46,845
Restructuring costs	169	107	274
Depreciation and amortization	672	711	697
Operating income	8,857	9,614	240
Net income (loss)	2,605	3,362	(204)
Equity in earnings of MNI	1,303	1,681	(102)