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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 24, 2022
Sep. 25, 2021
Sep. 26, 2020
Operating activities:      
Net earnings $ 47,235 $ 55,607 $ 18,305
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation of fixed assets 49,669 46,781 49,830
Amortization of intangibles and deferred costs 3,454 2,610 3,218
Intangible asset impairment charges 1,010 1,273 0
Losses (Gains) from disposals of property & equipment 220 (231) (303)
Plant shutdown impairment costs 0 0 6,387
Share-based compensation 4,269 4,199 4,595
Deferred income taxes 8,829 (2,896) 2,622
Loss (Gain) on marketable securities 315 (1,026) 882
Other (95) 77 296
Changes in assets and liabilities, net of effects from purchase of companies      
(Increase) decrease in accounts receivable (32,778) (35,755) 14,580
(Increase) decrease in inventories (49,431) (14,155) 7,877
(Increase) decrease in prepaid expenses (9,343) 9,629 (11,366)
Increase (decrease) in accounts payable and accrued 2,708 35,386 (4,780)
Net cash provided by operating activities 26,062 101,499 92,143
Investing activities:      
Payments for purchases of companies, net of cash acquired (221,301) 0 (57,212)
Purchases of property, plant and equipment (87,291) (53,578) (57,817)
Purchases of marketable securities 0 0 (6,103)
Proceeds from redemption and sales of marketable securities 12,026 60,891 73,226
Proceeds from disposal of property and equipment 399 2,435 3,593
Other 0 191 (150)
Net cash (used in) provided by investing activities (296,167) 9,939 (44,463)
Financing activities:      
Payments to repurchase common stock 0 0 (8,972)
Proceeds from issuance of stock 16,160 20,256 7,901
Borrowings under credit facility 125,000 0 0
Repayment of borrowings under credit facility (70,000) 0 0
Payments for debt issuance costs (225) 0 0
Payments on finance lease obligations (279) (144) (340)
Payment of cash dividends (48,437) (44,785) (42,053)
Net cash provided by (used in) financing activities 22,219 (24,673) (43,464)
Effect of exchange rates on cash and cash equivalents (125) 618 (802)
Net (decrease) increase in cash and cash equivalents (248,011) 87,383 3,414
Cash and cash equivalents at beginning of period 283,192 195,809 192,395
Cash and cash equivalents at end of period $ 35,181 $ 283,192 $ 195,809