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Consolidated Statements of Earnings - USD ($)
shares in Thousands
12 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Sep. 24, 2016
Net Sales $ 1,138,265,000 $ 1,084,224,000 $ 992,781,000
Cost of goods sold [1] 801,979,000 753,201,000 688,314,000
Gross Profit 336,286,000 331,023,000 304,467,000
Operating expenses      
Marketing [2] 95,405,000 94,394,000 85,963,000
Distribution [3] 92,281,000 81,824,000 73,114,000
Administrative [4] 37,757,000 36,843,000 32,299,000
Other expense (income) 68,000 (145,000) 281,000
Total operating expenses 225,511,000 212,916,000 191,657,000
Operating Income 110,775,000 118,107,000 112,810,000
Other income (expenses)      
Investment income 6,267,000 5,289,000 4,132,000
Interest expense & other 1,110,000 (1,196,000) (123,000)
Earnings before income taxes 118,152,000 122,200,000 116,819,000
Income taxes 14,556,000 43,026,000 40,844,000
NET EARNINGS $ 103,596,000 $ 79,174,000 $ 75,975,000
Earnings per diluted share (in dollars per share) $ 5.51 [5] $ 4.21 $ 4.05
Weighted average number of diluted shares (in shares) 18,817 18,816 18,769
Earnings per basic share (in dollars per share) $ 5.54 $ 4.23 $ 4.07
Weighted average number of basic shares (in shares) 18,694 18,707 18,649
[1] Includes share-based compensation expense of $862 for the year ended September 29, 2018, $720 for the year ended September 30, 2017 and $609 for the year ended September 24, 2016.
[2] Includes share-based compensation expense of $1,339 for the year ended September 29, 2018, $1,038 for the year ended September 30, 2017 and $924 for the year ended September 24, 2016.
[3] Includes share-based compensation expense of $76 for the year ended September 29, 2018, $72 for the year ended September 30, 2017 and $48 for the year ended September 24, 2016.
[4] Includes share-based compensation expense of $1,581 for the year ended September 29, 2018, $1,218 for the year ended September 30, 2017 and $794 for the year ended September 24, 2016.
[5] Total of quarterly amounts do not necessarily agree to the annual report amounts due to separate quarterly calculations of weighted average shares outstanding.