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Note J - Commitments
12 Months Ended
Sep. 29, 2018
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]
NOTE J - COMMITMENTS
 
1.
Lease Commitments
 
The following is a summary of approximate future minimum rental commitments for non-cancelable operating leases with terms of more than
one
year as of
September 29, 2018:
 
   
Plants and
   
 
 
 
 
 
 
 
   
Offices
   
Equipment
   
Total
 
   
(in thousands)
 
2019
  $
8,392
    $
6,540
    $
14,932
 
2020
   
7,574
     
4,800
     
12,374
 
2021
   
6,702
     
3,435
     
10,137
 
2022
   
6,195
     
1,722
     
7,917
 
2023
   
6,011
     
363
     
6,374
 
2024 and thereafter
   
22,708
     
111
     
22,819
 
Total minimal rental commitments
  $
57,582
    $
16,971
    $
74,553
 
 
Total rent expense was
$21,760,000,
$20,354,000
and
$17,481,000
for fiscal years
2018,
2017
and
2016,
respectively.
 
2.
Other Commitments
 
We are a party to litigation which has arisen in the normal course of business which management currently believes will
not
have a material adverse effect on our financial condition or results of operations.
 
We self-insure, up to loss limits, certain insurable risks such as worker’s compensation and automobile liability claims. Accruals for claims under our self-insurance program are recorded on a claims incurred basis. Our total recorded liability for all years’ claims incurred but
not
yet paid was
$9,200,000
and
$8,100,000
at
September 29, 2018
and
September 30, 2017,
respectively. In connection with certain self-insurance agreements, we customarily enter into letters of credit arrangements with our insurers. At
September 29, 2018
and
September 30, 2017,
we had outstanding letters of credit totaling
$9,275,000
and
$8,675,000,
respectively.
 
We have a self-insured medical plan which covers approximately
1,700
of our employees. We record a liability for incurred but
not
yet reported or paid claims based on our historical experience of claims payments and a calculated lag time period. Our recorded liability at
September 20, 2018
and
September 30, 2017
was
$2,058,000
and
$2,382,000,
respectively.