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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash Flows From Operating Activities:    
Net earnings $ 14,636,000 $ 26,789,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 11,412,000 9,835,000
Amortization of capitalized financing costs 38,000 45,000
Stock-based compensation expense 1,903,000 1,534,000
Deferred income taxes 3,638,000 (991,000)
Loss (gain) on sale and disposition of property, plant and equipment 50,000 (3,321,000)
Increase in cash surrender value of life insurance policies over premiums paid (1,029,000) (854,000)
Net changes in assets and liabilities:    
Accounts receivable, net 2,190,000 15,283,000
Inventories 13,927,000 64,528,000
Accounts payable and accrued expenses (2,492,000) (12,745,000)
Other changes (2,295,000) 3,223,000
Total adjustments 27,342,000 76,537,000
Net cash provided by operating activities 41,978,000 103,326,000
Cash Flows From Investing Activities:    
Capital expenditures (17,460,000) (26,604,000)
Increase in cash surrender value of life insurance policies (443,000) (402,000)
Proceeds from sale of property, plant and equipment 4,000 9,924,000
Proceeds from surrender of life insurance policies 25,000 358,000
Net cash used for investing activities (17,874,000) (16,724,000)
Cash Flows From Financing Activities:    
Proceeds from long-term debt 230,000 255,000
Principal payments on long-term debt (230,000) (255,000)
Cash dividends paid (50,359,000) (40,668,000)
Payment of employee tax withholdings related to net share transactions (262,000) (196,000)
Cash received from exercise of stock options 428,000 191,000
Financing costs 0 (177,000)
Repurchases of common stock (1,836,000) (2,328,000)
Net cash used for financing activities (52,029,000) (43,178,000)
Net (decrease) increase in cash and cash equivalents (27,925,000) 43,424,000
Cash and cash equivalents at beginning of period 125,670,000 48,316,000
Cash and cash equivalents at end of period 97,745,000 91,740,000
Supplemental Disclosures of Cash Flow Information:    
Income taxes, net 3,267,000 5,466,000
Non-cash investing and financing activities:    
Purchases of property, plant and equipment in accounts payable 2,624,000 843,000
Restricted stock units and stock options surrendered for withholding taxes payable $ 262,000 $ 196,000