Note H - Income Taxes (Tables)

12 Months Ended

Sep. 30, 2023

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Fiscal year ended
	September 30,			September 24,			September 25,
	2023			2022			2021
	(in thousands)
Current
U.S. Federal	$	6,447		$	(374	)	$	13,964
Foreign		6,149			2,854			860
State		4,349			3,210			6,431
Total current expense		16,945			5,690			21,255
Deferred
U.S. Federal	$	12,134		$	10,834		$	(145	)
Foreign		232			(394	)		(353	)
State		(703	)		(1,611	)		(2,338	)
Total deferred expense (benefit)		11,663			8,829			(2,836	)
Total expense	$	28,608		$	14,519		$	18,419

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Fiscal year ended
	September 30,		September 24,			September 25,
	2023		2022			2021
	(in thousands)
Income taxes at federal statutory rates	$	22,578	$	12,968		$	15,545
Increase (decrease) in taxes resulting from:
State income taxes, net of federal income tax benefit		2,732		1,261			3,233
Share-based compensation		62		162			(124	)
Tax effect in jurisdictions where rates differ from federal statutory rate		1,837		424			156
Other, net		1,399		(296	)		(391	)
Income tax expense	$	28,608	$	14,519		$	18,419

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	Fiscal year ended
	September 30,			September 24,
	2023			2022
	(in thousands)
Deferred tax assets:
Vacation accrual	$	1,215		$	1,321
Capital loss carry forwards		224			17
Unrealized gains/losses		451			504
Accrued insurance liability		3,511			3,614
Operating lease liabilities		23,996			14,521
Deferred income		44			10
Allowances		2,879			2,598
Inventory capitalization		1,702			1,620
Share-based compensation		1,960			1,680
Net operating loss		940			538
Payroll tax accrual		-			1,142
Bonus accrual		2,282			-
Foreign tax credit		250			404
Total deferred tax assets		39,454			27,969
Valuation allowance		(675	)		(521	)
Total deferred tax assets, net		38,779			27,448
Deferred tax liabilities:
Amortization of goodwill and other intangible assets		35,363			32,680
Depreciation of property, plant and equipment		61,185			51,972
Right-of-use assets		22,688			13,058
Accounting method change 481(a)		853			145
Total deferred tax liabilities		120,089			97,855
Total deferred tax liabilities, net	$	81,310		$	70,407