Investments in Associated Companies (Tables)

12 Months Ended

Sep. 24, 2023

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

Summarized financial information of TNI is as follows:

(Thousands of Dollars)	September 24 2023	September 25 2022
ASSETS
Current assets	1,901	2,801
Investments and other assets	1,240	1,584
Total assets	3,141	4,385
LIABILITIES AND MEMBERS' EQUITY (DEFICIT)
Liabilities	3,837	5,005
Members' equity	(696)	(620)
Total liabilities and members' equity (deficit)	3,141	4,385

Summarized results of TNI are as follows:

(Thousands of Dollars)	2023	2022	2021
Operating revenue	31,076	34,153	34,782
Operating expenses	24,446	25,445	25,320
Operating income	6,630	8,708	9,462
Net income	7,142	8,708	9,462
Company's 50% share	3,571	4,354	4,731
Less amortization of intangible assets	—	—	—
Equity in earnings of TNI	3,571	4,354	4,731

Summarized financial information of MNI is as follows:

(Thousands of Dollars)	September 24 2023	September 25 2022
ASSETS
Current assets	8,916	5,837
Investments and other assets	29,267	29,903
Total assets	38,183	35,740
LIABILITIES AND MEMBERS' EQUITY
Current liabilities	6,352	5,922
Other liabilities	6,303	5,696
Stockholders' equity	25,528	24,122
Total liabilities and members' equity	38,183	35,740

Summarized results of MNI are as follows:

(Thousands of Dollars)	2023	2022	2021
Operating revenue	44,109	47,621	46,015
Operating expenses, excluding restructuring costs, depreciation and amortization	30,654	37,922	35,583
Restructuring costs	143	169	107
Depreciation and amortization	539	672	711
Operating income	12,773	8,858	9,614
Net income	5,911	2,605	3,362
Equity in earnings of MNI	2,956	1,303	1,681