Supplemental Financial Information (Tables)

9 Months Ended

Jul. 04, 2020

Condensed Financial Information [Abstract]

Inventories

The following table presents the components of inventories at the dates indicated:

(in thousands of dollars)	July 4, 2020		September 28, 2019
Raw materials	$	108,041	$	60,033
Work in process	29,790		16,663
Finished goods	17,886		2,134
Total inventories	$	155,717	$	78,830

Product Warranties

The following table reflects activity in accrued warranty cost (current and long-term portions combined) for the periods presented:

	Three Months Ended						Nine Months Ended
(in thousands of dollars)	July 4, 2020			June 29, 2019			July 4, 2020			June 29, 2019
Balance at beginning of period	$	21,398		$	21,520		$	22,343		$	22,646
Add current period accruals	1,947			3,358			6,076			7,196
Current period reductions of accrual	(2,517		)	(2,358		)	(7,591		)	(7,322		)
Balance at end of period	$	20,828		$	22,520		$	20,828		$	22,520

Extended Warranties

The following table reflects activity in deferred warranty income (current and long-term portions combined), for the sale of extended warranties of two to five years, for the periods presented:

	Three Months Ended						Nine Months Ended
(in thousands of dollars)	July 4, 2020			June 29, 2019			July 4, 2020			June 29, 2019
Balance at beginning of period	$	22,948		$	22,901		$	24,045		$	23,191
Add current period deferred income	1,769			2,880			5,058			6,686
Current period recognition of income	(2,672		)	(2,196		)	(7,058		)	(6,292		)
Balance at end of period	$	22,045		$	23,585		$	22,045		$	23,585

Self-Insurance

The following table reflects our total accrued self-insurance liability, comprised of workers' compensation and health insurance related claims, at the dates indicated:

(in thousands of dollars)	July 4, 2020		September 28, 2019
Current portion	$	2,732	$	2,933
Long-term portion	1,794		1,775
Total accrued self-insurance	$	4,526	$	4,708

Pension Expense

Components of net periodic pension benefit cost were as follows for the periods presented:

	Three Months Ended						Nine Months Ended
(in thousands of dollars)	July 4, 2020			June 29, 2019			July 4, 2020			June 29, 2019
Interest cost	$	1,237		$	1,512		$	3,711		$	4,535
Expected return on plan assets	(1,846		)	(1,905		)	(5,538		)	(5,714		)
Amortization of prior loss	430			689			1,289			2,068
Net periodic benefit cost	$	(179	)	$	296		$	(538	)	$	889
Amortization of prior loss, recognized in other comprehensive income	430			689			1,289			2,068
Total recognized in net periodic pension benefit cost and other comprehensive income	$	(609	)	$	(393	)	$	(1,827	)	$	(1,179	)

Summarized Financial Information

Summarized unaudited financial information for these periods for Micro Bird is as follows:

	Nine Months Ended
(in thousands of dollars)	July 4, 2020		June 29, 2019
Revenues	$	58,883	$	86,364
Gross profit	7,318		9,961
Operating income	1,557		3,717
Net income	1,103		2,409