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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Cash Flows From Operating Activities:    
Net earnings $ 100,705,000 $ 41,458,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 10,977,000 10,828,000
Amortization of capitalized financing costs 49,000 49,000
Stock-based compensation expense 1,395,000 1,174,000
Deferred income taxes 624,000 (36,000)
Asset impairment charges 0 1,415,000
(Gain) loss on sale of property, plant and equipment and assets held for sale 595,000 (125,000)
Gain from life insurance proceeds 364,000 (0)
Increase in cash surrender value of life insurance policies over premiums paid (0) 1,535,000
Net changes in assets and liabilities:    
Accounts receivable, net 13,258,000 5,532,000
Inventories 113,398,000 2,195,000
Accounts payable and accrued expenses 27,197,000 19,642,000
Other changes (1,782,000) (69,000)
Total adjustments (85,591,000) 24,004,000
Net cash provided by operating activities 15,114,000 65,462,000
Cash Flows From Investing Activities:    
Capital expenditures (12,251,000) (13,681,000)
Decrease (increase) in cash surrender value of life insurance policies (1,012,000) 309,000
Proceeds from sale of assets held for sale 6,934,000 79,000
Proceeds from life insurance claims 1,456,000 0
Proceeds from surrender of life insurance policies 110,000 27,000
Net cash used for investing activities (2,739,000) (13,884,000)
Cash Flows From Financing Activities:    
Proceeds from long-term debt 220,000 230,000
Principal payments on long-term debt (220,000) (230,000)
Cash dividends paid 40,578,000 30,712,000
Payment of employee tax withholdings related to net share transactions 286,000 161,000
Cash received from exercise of stock options 1,650,000 434,000
Net cash used for financing activities (39,214,000) (30,439,000)
Net (decrease) increase in cash and cash equivalents (26,839,000) 21,139,000
Cash and cash equivalents at beginning of period 89,884,000 68,688,000
Cash and cash equivalents at end of period 63,045,000 89,827,000
Supplemental Disclosures of Cash Flow Information:    
Income taxes, net 29,998,000 10,874,000
Non-cash investing and financing activities:    
Purchases of property, plant and equipment in accounts payable 1,286,000 946,000
Restricted stock units and stock options surrendered for withholding taxes payable $ 286,000 $ 161,000