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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Cash Flows From Operating Activities:    
Net earnings $ 62,146,000 $ 23,063,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 7,345,000 7,200,000
Amortization of capitalized financing costs 33,000 32,000
Stock-based compensation expense 1,102,000 934,000
Deferred income taxes 1,116,000 (466,000)
(Gain) loss on sale of property, plant and equipment and assets held for sale (608,000) 115,000
Gain from life insurance proceeds (364,000) 0
Increase in cash surrender value of life insurance policies over premiums paid 0 (1,168,000)
Net changes in assets and liabilities:    
Accounts receivable, net (12,773,000) (4,306,000)
Inventories (48,000,000) 340,000
Accounts payable and accrued expenses 6,805,000 2,677,000
Other changes 3,264,000 818,000
Total adjustments (42,080,000) 6,176,000
Net cash provided by operating activities 20,066,000 29,239,000
Cash Flows From Investing Activities:    
Capital expenditures (8,617,000) (8,768,000)
Decrease (increase) in cash surrender value of life insurance policies 35,000 (197,000)
Proceeds from sale of assets held for sale 6,934,000 19,000
Proceeds from life insurance claims 1,456,000 0
Proceeds from surrender of life insurance policies 106,000 23,000
Net cash used for investing activities (86,000) (8,923,000)
Cash Flows From Financing Activities:    
Proceeds from long-term debt 133,000 134,000
Principal payments on long-term debt (133,000) (134,000)
Cash dividends paid (39,993,000) (30,131,000)
Payment of employee tax withholdings related to net share transactions (192,000) (110,000)
Cash received from exercise of stock options 46,000 177,000
Net cash used for financing activities (40,139,000) (30,064,000)
Net decrease in cash and cash equivalents (20,159,000) (9,748,000)
Cash and cash equivalents at beginning of period 89,884,000 68,688,000
Cash and cash equivalents at end of period 69,725,000 58,940,000
Supplemental Disclosures of Cash Flow Information:    
Income taxes, net 18,053,000 5,812,000
Non-cash investing and financing activities:    
Purchases of property, plant and equipment in accounts payable 372,000 1,357,000
Restricted stock units and stock options surrendered for withholding taxes payable $ 192,000 $ 110,000