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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Cash Flows From Operating Activities:    
Net earnings $ 11,123,000 $ 23,129,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 3,350,000 3,705,000
Amortization of capitalized financing costs 16,000 16,000
Stock-based compensation expense 130,000 272,000
Deferred income taxes (1,378,000) 16,000
(Gain) loss on sale and disposition of property, plant and equipment (3,324,000) 14,000
Increase in cash surrender value of life insurance policies over premiums paid (363,000) (115,000)
Net changes in assets and liabilities:    
Accounts receivable, net 12,857,000 (5,645,000)
Inventories 26,469,000 (2,509,000)
Accounts payable and accrued expenses (21,520,000) (13,231,000)
Other changes 5,646,000 7,979,000
Total adjustments 21,883,000 (9,498,000)
Net cash provided by operating activities 33,006,000 13,631,000
Cash Flows From Investing Activities:    
Capital expenditures (8,200,000) (838,000)
Increase in cash surrender value of life insurance policies (81,000) (308,000)
Proceeds from sale of property, plant and equipment 9,920,000 6,000
Proceeds from surrender of life insurance policies 0 64,000
Net cash provided by (used for) investing activities 1,639,000 (1,076,000)
Cash Flows From Financing Activities:    
Proceeds from long-term debt 67,000 45,000
Principal payments on long-term debt (67,000) (45,000)
Cash dividends paid (39,501,000) (39,410,000)
Payment of employee tax withholdings related to net share transactions 0 (55,000)
Cash received from exercise of stock options 94,000 46,000
Repurchases of common stock (916,000) 0
Net cash used for financing activities (40,323,000) (39,419,000)
Net decrease in cash and cash equivalents (5,678,000) (26,864,000)
Cash and cash equivalents at beginning of period 48,316,000 89,884,000
Cash and cash equivalents at end of period 42,638,000 63,020,000
Supplemental Disclosures of Cash Flow Information:    
Income taxes, net 187,000 83,000
Non-cash investing and financing activities:    
Purchases of property, plant and equipment in accounts payable 1,520,000 497,000
Restricted stock units and stock options surrendered for withholding taxes payable $ 0 $ 55,000