XML 15 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 04, 2020
Jun. 29, 2019
Jul. 04, 2020
Jun. 29, 2019
Income Statement [Abstract]        
Net sales $ 857,394 $ 799,644 $ 2,477,167 $ 2,354,239
Cost of sales 774,513 728,614 2,253,651 2,140,190
Gross profit 82,881 71,030 223,516 214,049
Selling and administrative expenses 37,028 36,627 114,517 109,521
Restructuring and impairment charges 0 0 6,003 0
Operating income 45,853 34,403 102,996 104,528
Other income (expense):        
Interest expense (3,988) (3,711) (11,934) (9,105)
Interest income 368 445 1,546 1,410
Miscellaneous, net (600) (1,419) (2,619) (4,304)
Income before income taxes 41,633 29,718 89,989 92,529
Income tax expense 5,791 4,917 10,215 20,744
Net income $ 35,842 $ 24,801 $ 79,774 $ 71,785
Earnings per share:        
Basic (in dollars per share) $ 1.23 $ 0.83 $ 2.73 $ 2.34
Diluted (in dollars per share) $ 1.20 $ 0.81 $ 2.66 $ 2.28
Weighted average shares outstanding:        
Basic (in shares) 29,199 29,912 29,210 30,637
Diluted (in shares) 29,793 30,635 29,936 31,420
Other comprehensive income (loss):        
Derivative instrument fair value adjustment $ 3,178 $ (406) $ (1,138) $ 1,956
Foreign currency translation adjustments 5,586 (679) 3,463 (2,035)
Other comprehensive income (loss): 8,764 (1,085) 2,325 (79)
Total comprehensive income $ 44,606 $ 23,716 $ 82,099 $ 71,706