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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash Flows From Operating Activities:    
Net earnings $ 11,583,000 $ 7,365,000
Depreciation and amortization 10,626,000 10,084,000
Amortization of capitalized financing costs 49,000 48,000
Stock-based compensation expense 1,277,000 1,201,000
Deferred income taxes 392,000 2,193,000
Asset impairment charges 343,000 0
Gain on sale and disposition of property, plant and equipment (1,031,000) (1,760,000)
Gain from life insurance proceeds (200,000)
Increase in cash surrender value of life insurance policies over premiums paid 0 (204,000)
Net changes in assets and liabilities (net of assets and liabilities acquired):    
Accounts receivable, net (6,890,000) 741,000
Inventories (246,000) (10,467,000)
Accounts payable and accrued expenses 26,281,000 (33,640,000)
Other changes 2,444,000 (1,500,000)
Total adjustments 33,045,000 (33,304,000)
Net cash provided by (used for) operating activities 44,628,000 (25,939,000)
Cash Flows From Investing Activities:    
Acquisition of business (18,356,000) 0
Capital expenditures (3,448,000) (9,380,000)
Increase in cash surrender value of life insurance policies (133,000) (305,000)
Proceeds from sale of assets held for sale 1,875,000 0
Proceeds from property insurance 0 1,192,000
Proceeds from life insurance death benefit 200,000 0
Proceeds from surrender of life insurance policies 195,000 67,000
Proceeds from sale of property, plant and equipment 40,000 17,000
Net cash used for investing activities (19,627,000) (8,409,000)
Cash Flows From Financing Activities:    
Proceeds from long-term debt 223,000 44,239,000
Principal payments on long-term debt (223,000) (44,239,000)
Cash dividends paid (1,735,000) (1,732,000)
Payment of employee tax withholdings related to net share transactions (76,000) (175,000)
Financing costs 0 (237,000)
Net cash used for financing activities (1,811,000) (2,144,000)
Net increase (decrease) in cash and cash equivalents 23,190,000 (36,492,000)
Cash and cash equivalents at beginning of period 38,181,000 43,941,000
Cash and cash equivalents at end of period 61,371,000 7,449,000
Supplemental Disclosures of Cash Flow Information:    
Interest 0 49,000
Income taxes, net 342,000 1,759,000
Non-cash investing and financing activities:    
Purchases of property, plant and equipment in accounts payable 712,000 518,000
Restricted stock units and stock options surrendered for withholding taxes payable 76,000 175,000
Accrued liability related to holdback for business acquired $ 1,000,000 $ 0