Note 12 - Other Financial Data

9 Months Ended

Jul. 01, 2023

Notes to Financial Statements

Other Financial Data [Text Block]

(12) Other Financial Data

Balance sheet information:

	July 1,			October 1,
(In thousands)	2023			2022
Accounts receivable, net:
Accounts receivable	$	66,688		$	82,043
Less allowance for doubtful accounts		(325	)		(397	)
Total	$	66,363		$	81,646
Inventories:
Raw materials	$	51,344		$	108,894
Work in process		6,379			8,817
Finished goods		75,403			79,943
Total	$	133,126		$	197,654
Other current assets:
Prepaid insurance	$	3,945		$	4,563
Other		2,461			3,153
Total	$	6,406		$	7,716
Other assets:
Cash surrender value of life insurance policies	$	10,835		$	9,938
Right-of-use asset		1,804			1,565
Capitalized financing costs, net		188			41
Other		109			121
Total	$	12,936		$	11,665
Property, plant and equipment, net:
Land and land improvements	$	15,107		$	14,947
Buildings		55,578			55,044
Machinery and equipment		187,346			191,790
Construction in progress		28,333			11,745
		286,364			273,526
Less accumulated depreciation		(167,576	)		(165,370	)
Total	$	118,788		$	108,156
Accrued expenses:
Salaries, wages and related expenses	$	5,174		$	8,128
Income taxes		2,154			-
Customer rebates		1,815			2,760
Property taxes		1,307			1,782
Operating lease liability		935			997
Sales allowance reserves		927			1,013
State sales and use taxes		269			595
Other		403			525
Total	$	12,984		$	15,800
Other liabilities:
Deferred compensation	$	12,294		$	11,747
Deferred income taxes		6,095			7,086
Operating lease liability		868			572
Total	$	19,257		$	19,405