XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jan. 02, 2021
Dec. 28, 2019
Cash Flows From Operating Activities:    
Net earnings $ 8,143,000 $ 555,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 3,610,000 3,478,000
Amortization of capitalized financing costs 16,000 16,000
Stock-based compensation expense 224,000 186,000
Deferred income taxes (64,000) 186,000
Loss on sale and disposition of property, plant and equipment 32,000 0
Increase in cash surrender value of life insurance policies over premiums paid (364,000) (339,000)
Net changes in assets and liabilities (net of assets and liabilities acquired):    
Accounts receivable, net 4,593,000 8,777,000
Inventories 4,687,000 5,599,000
Accounts payable and accrued expenses (9,753,000) 10,225,000
Other changes 2,826,000 892,000
Total adjustments 5,807,000 29,020,000
Net cash provided by operating activities 13,950,000 29,575,000
Cash Flows From Investing Activities:    
Capital expenditures (2,860,000) (600,000)
Increase in cash surrender value of life insurance policies (197,000) (42,000)
Proceeds from sale of assets held for sale 19,000 0
Proceeds from surrender of life insurance policies 18,000 0
Net cash used for investing activities (3,020,000) (642,000)
Cash Flows From Financing Activities:    
Proceeds from long-term debt 45,000 67,000
Principal payments on long-term debt (45,000) (67,000)
Cash dividends paid (29,551,000) 0
Payment of employee tax withholdings related to net share transactions (13,000) 0
Cash received from exercise of stock options 128,000 0
Net cash used for financing activities (29,436,000) 0
Net increase (decrease) in cash and cash equivalents (18,506,000) 28,933,000
Cash and cash equivalents at beginning of period 68,688,000 38,181,000
Cash and cash equivalents at end of period 50,182,000 67,114,000
Supplemental Disclosures of Cash Flow Information:    
Income taxes, net 95,000 14,000
Non-cash investing and financing activities:    
Purchases of property, plant and equipment in accounts payable 500,000 310,000
Declaration of cash dividends to be paid 0 578,000
Restricted stock units and stock options surrendered for withholding taxes payable $ 13,000 $ 0