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Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Net Sales $ 271,612 $ 265,210
Cost of goods sold [1] 194,749 191,931
Gross Profit 76,863 73,279
Operating expenses    
Marketing [2] 21,442 21,576
Distribution [3] 23,952 21,159
Administrative [4] 9,243 9,356
Other general expense (income) 144 (40)
Total Operating Expenses 54,781 52,051
Operating Income 22,082 21,228
Other income (expense)    
Investment income 1,040 1,489
Interest expense & other (27) 509
Earnings before income taxes 23,095 23,226
Income tax expense (benefit) 5,569 (13,023)
NET EARNINGS $ 17,526 $ 36,249
Earnings per diluted share (in dollars per share) $ 0.93 $ 1.93
Weighted average number of diluted shares (in shares) 18,897 18,778
Earnings per basic share (in dollars per share) $ 0.93 $ 1.94
Weighted average number of basic shares (in shares) 18,765 18,666
[1] Includes share-based compensation expense of $239 and $218 for the three months ended December 29, 2018 and December 30, 2017, respectively.
[2] Includes share-based compensation expense of $346 and $339 for the three months ended December 29, 2018 and December 30, 2017, respectively.
[3] Includes share-based compensation expense of $21 and $19 for the three months ended December 29, 2018 and December 30, 2017, respectively.
[4] Includes share-based compensation expense of $366 and $377 for the three months ended December 29, 2018 and December 30, 2017, respectively.