XML 45 R29.htm IDEA: XBRL DOCUMENT v3.23.3
Note B - Acquisitions (Tables)
12 Months Ended
Sep. 30, 2023
Notes Tables  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
   

Fiscal year ended

 
   

September 30,

   

September 24,

 
   

2023

   

2022

 
   

(in thousands)

 
                 

Net sales

  $ 95,963     $ 33,734  

Net earnings

  $ 13,005     $ 4,859  
   

Preliminary Value

                 
   

as of acquisition

                 
   

date (as previously

   

Measurement

         
   

reported as of

   

Period

         
   

June 25, 2022)

   

Adjustment

   

As Adjusted

 
   

(in thousands)

 
                         

Cash and cash equivalents

  $ 2,259             $ 2,259  

Accounts receivable, net

    12,257               12,257  

Inventories

    8,812       (301 )     8,511  

Prepaid expenses and other

    1,215               1,215  

Property, plant and equipment, net

    24,622       6,548       31,170  

Intangible assets

    120,400       (2,200 )     118,200  

Goodwill (1)

    66,634       (3,397 )     63,237  

Operating lease right-of-use assets

    3,514               3,514  

Other noncurrent assets

    243               243  

Total assets acquired

    239,956       650       240,606  

Liabilities assumed:

                       

Current lease liabilities

    619               619  

Accounts payable

    6,005               6,005  

Other current liabilities

    3,532       650       4,182  

Noncurrent lease liabilities

    2,954               2,954  

Other noncurrent liabilities

    3,285               3,285  

Total liabilities acquired

    16,395       650       17,045  

Purchase price

  $ 223,561     $ -     $ 223,561  
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
   

Weighted average

   

June 21,

 
   

life (years)

   

2022

 
           

(in thousands)

 

Amortizable

               

Trade name

 

indefinite

    $ 76,900  

Developed technology

    10       22,900  

Customer relationships

    10       9,900  

Franchise agreements

    10       8,500  

Total acquired intangible assets

          $ 118,200  
Business Acquisition, Pro Forma Information [Table Text Block]
   

Fiscal year ended

 
   

September 24,

   

September 25,

 
   

2022

   

2021

 
   

(in thousands)

 
                 

Net sales

  $ 1,428,505     $ 1,209,055  

Net earnings

  $ 49,191     $ 61,001  
                 

Earnings per diluted share

  $ 2.56     $ 3.19  

Weighted average number of diluted shares

    19,213       19,133