EQUITY

12 Months Ended

Sep. 27, 2024

Equity [Abstract]

EQUITY

EQUITY:

Accumulated Other Comprehensive Loss

The changes in each component of accumulated other comprehensive loss, net of tax, for the fiscal years ended September 27, 2024, September 29, 2023 and September 30, 2022 were as follows (in thousands):

	Fiscal Year Ended September 29, 2024
	Foreign Currency Translation		Pension-related		Total Accumulated Other Comprehensive Loss
Balance as of September 29, 2023	$	(26,104)	$	(5,069)	$	(31,173)
Other comprehensive income (loss)	2,292		(30)		2,262
Balance as of September 27, 2024	$	(23,812)	$	(5,099)	$	(28,911)

	Fiscal Year Ended September 29, 2023
	Foreign Currency Translation		Pension-related		Total Accumulated Other Comprehensive Loss
Balance as of September 30, 2022	$	(27,266)	$	(4,414)	$	(31,680)
Other comprehensive income (loss)	1,162		(655)		507
Balance as of September 29, 2023	$	(26,104)	$	(5,069)	$	(31,173)

	Fiscal Year Ended September 30, 2022
	Foreign Currency Translation		Pension-related		Total Accumulated Other Comprehensive Loss
Balance as of October 01, 2021	$	(5,495)	$	(6,111)	$	(11,606)
Other comprehensive loss before reclassification	(21,771)		(1,311)		(23,082)
Amounts reclassified from accumulated other comprehensive loss	—		3,008		3,008
Net current period other comprehensive (loss) income	(21,771)		1,697		(20,074)
Balance as of September 30, 2022	$	(27,266)	$	(4,414)	$	(31,680)

For the fiscal year ended September 30, 2022 $3.0 million was reclassified from Accumulated other comprehensive loss” in the Combined Balance Sheet and into “Interest expense, net” within the Combined Statement of Income for the wind-up of one of the Company’s defined benefit pension plans.

Dividends

The Company declared and paid a quarterly cash dividend of $0.035 per common share to its shareholders of record for the first, second, and third quarters of fiscal 2024 of $4.6 million each quarter. On August 19, 2024, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.035 per common share payable on October 3, 2024 to shareholders of record at the close of business on September 13, 2024. The dividend payable of $4.6 million was recorded within "Accrued expenses and other current liabilities" on the Consolidated Balance Sheet as of September 27, 2024. The amount and timing of any future dividend payment is subject to the approval of the Company's Board of Directors.

The Company’s Board of Directors declared a quarterly cash dividend of $0.035 per common share payable on January 6, 2025 to shareholders of record at the close of business on December 13, 2024.