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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Cash Flows From Operating Activities:    
Net earnings $ 23,063,000 $ 4,919,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 7,200,000 6,991,000
Amortization of capitalized financing costs 32,000 32,000
Stock-based compensation expense 934,000 1,127,000
Deferred income taxes (466,000) 605,000
Loss on sale and disposition of property, plant and equipment 115,000 2,000
Increase in cash surrender value of life insurance policies over premiums paid (1,168,000) 0
Net changes in assets and liabilities (net of assets and liabilities acquired):    
Accounts receivable, net (4,306,000) (6,870,000)
Inventories 340,000 2,338,000
Accounts payable and accrued expenses 2,677,000 15,297,000
Other changes 818,000 2,167,000
Total adjustments 6,176,000 21,689,000
Net cash provided by operating activities 29,239,000 26,608,000
Cash Flows From Investing Activities:    
Acquisition of business 0 (21,500,000)
Capital expenditures (8,768,000) (2,368,000)
Decrease (increase) in cash surrender value of life insurance policies (197,000) 668,000
Proceeds from sale of assets held for sale 19,000 0
Proceeds from surrender of life insurance policies 23,000 6,000
Net cash used for investing activities (8,923,000) (23,194,000)
Cash Flows From Financing Activities:    
Proceeds from long-term debt 134,000 135,000
Principal payments on long-term debt (134,000) (135,000)
Cash dividends paid (30,131,000) (1,156,000)
Payment of employee tax withholdings related to net share transactions (110,000) (76,000)
Cash received from exercise of stock options 177,000 0
Net cash used for financing activities (30,064,000) (1,232,000)
Net increase (decrease) in cash and cash equivalents (9,748,000) 2,182,000
Cash and cash equivalents at beginning of period 68,688,000 38,181,000
Cash and cash equivalents at end of period 58,940,000 40,363,000
Supplemental Disclosures of Cash Flow Information:    
Income taxes, net 5,812,000 275,000
Non-cash investing and financing activities:    
Receivable related to post-closing purchase price adjustment for business acquired 0 3,113,000
Purchases of property, plant and equipment in accounts payable 1,357,000 274,000
Restricted stock units and stock options surrendered for withholding taxes payable 110,000 76,000
Accrued liability related to holdback for business acquired $ 0 $ 1,000,000