XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Cash Flows From Operating Activities:    
Net earnings $ 11,880,000 $ 13,860,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 5,729,000 5,620,000
Amortization of capitalized financing costs 32,000 32,000
Stock-based compensation expense 1,133,000 1,276,000
Deferred income taxes 910,000 871,000
Asset impairment charges 20,000
Excess tax benefits from stock-based compensation (488,000) (824,000)
Loss (gain) on sale and disposition of property, plant and equipment 46,000 (208,000)
Increase in cash surrender value of life insurance policies over premiums paid (360,000) (96,000)
Net changes in assets and liabilities:    
Accounts receivable, net (2,188,000) (1,796,000)
Inventories 11,956,000 9,435,000
Accounts payable and accrued expenses (11,132,000) (6,503,000)
Other changes (430,000) 2,061,000
Total adjustments 5,208,000 9,888,000
Net cash provided by operating activities 17,088,000 23,748,000
Cash Flows From Investing Activities:    
Capital expenditures (10,656,000) (4,334,000)
Proceeds from surrender of life insurance policies 77,000 40,000
Increase in cash surrender value of life insurance policies (277,000) (264,000)
Proceeds from sale of assets held for sale 180,000
Proceeds from sale of property, plant and equipment 60,000
Net cash used for investing activities (10,856,000) (4,318,000)
Cash Flows From Financing Activities:    
Proceeds from long-term debt 176,000 172,000
Principal payments on long-term debt (176,000) (172,000)
Cash dividends paid (24,869,000) (19,722,000)
Cash received from exercise of stock options 107,000 3,252,000
Excess tax benefits from stock-based compensation 488,000 824,000
Payment of employee tax withholdings related to net share transactions (646,000) (629,000)
Financing costs (11,000)
Net cash used for financing activities (24,920,000) (16,286,000)
Net increase (decrease) in cash and cash equivalents (18,688,000) 3,144,000
Cash and cash equivalents at beginning of period 58,873,000 33,258,000
Cash and cash equivalents at end of period 40,185,000 36,402,000
Supplemental Disclosures of Cash Flow Information:    
Income taxes, net 4,160,000 8,533,000
Non-cash investing and financing activities:    
Purchases of property, plant and equipment in accounts payable 1,152,000 369,000
Restricted stock units and stock options surrendered for withholding taxes payable $ 646,000 $ 629,000