NATURE OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Sep. 27, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Comprehensive Income

The summary of the components of comprehensive income is as follows (in thousands):

	Fiscal Year Ended
	September 27, 2024				September 29, 2023				September 30, 2022
	Pre-Tax Amount	Tax Effect	After-Tax Amount		Pre-Tax Amount	Tax Effect	After-Tax Amount		Pre-Tax Amount	Tax Effect	After-Tax Amount
Net Income			$	20,970			$	213,158			$	141,679
Pension plan adjustments	(39)	9	(30)		(884)	229	(655)		2,621	(924)	1,697
Foreign currency translation adjustments	2,292	—	2,292		2,251	(1,089)	1,162		(22,893)	1,122	(21,771)
Other Comprehensive Income (Loss)	2,253	9	2,262		1,367	(860)	507		(20,272)	198	(20,074)
Comprehensive Income			$	23,232			$	213,665			$	121,605

Schedule of Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss consists of the following (in thousands):

	September 27, 2024		September 29, 2023
Pension plan adjustments	$	(5,099)	$	(5,069)
Foreign currency translation adjustments	(23,812)		(26,104)
	$	(28,911)	$	(31,173)

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)

Schedule of Receivables

The amounts recognized in fiscal years 2024 and 2023 relating to allowance for credit losses, which are netted against “Receivables” in the Consolidated and Combined Balance Sheets, are as follows (in thousands):

	Fiscal Year Ended
	September 27, 2024		September 29, 2023
Balance, beginning of year	$	25,066	$	29,100
Additions: Charged to Income	33,705		20,500
Reductions: Deductions from Reserves(1)	(38,967)		(24,534)
Balance, end of year	$	19,804	$	25,066

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(1)Amounts determined not to be collectible and charged against the reserve and translation.

Schedule of Components of Net Inventories

The components of net inventories are as follows (in thousands):

	September 27, 2024		September 29, 2023
Raw Materials	$	35,210	$	35,332
Work in Process	959		1,104
Finished Goods	128,744		138,284
	$	164,913	$	174,719