Income Taxes (Tables)

12 Months Ended

Oct. 02, 2021

Income Tax Disclosure [Abstract]

Reconciliation Of The Provision For Income Taxes

The reconciliation of the provision for income taxes to the amount computed by applying the U.S. federal statutory tax rate to earnings before income taxes is as follows:

	2021			2020			2019
Earnings before income taxes:
Domestic	$	141,665		$	1,126		$	136,308
Foreign	62,109			4,291			90,644
Total	$	203,774		$	5,417		$	226,952
Federal statutory income tax rate	21.0		%	21.0		%	21.0		%
Increase (decrease) in income taxes resulting from:
Impacts of Tax Act	(1.2)		%	(96.4)		%	0.4		%
Revaluation of deferred taxes	1.6		%	(21.6)		%	(0.2)		%
Withholding taxes	0.4		%	27.5		%	1.0		%
Reversal of indefinite reinvestment assertion	0.2		%	(2.9)		%	0.6		%
R&D and foreign tax credits	(4.6)		%	(102.8)		%	(2.1)		%
Foreign tax rates	4.4		%	76.0		%	2.3		%
Equity-based compensation	(0.1)		%	(6.5)		%	(0.7)		%
Change in valuation allowance for deferred taxes	(1.6)		%	21.1		%	(0.7)		%
State taxes, net of federal benefit	2.1		%	(1.9)		%	1.4		%
Other	0.6		%	16.6		%	0.1		%
Effective income tax rate	22.8		%	(69.9)		%	23.1		%

Components Of Income Taxes

The components of income taxes are as follows:

	2021		2020		2019
Current:
Federal	$	9,907	$	14,789	$	23,302
Foreign	23,801		18,997		29,460
State	4,684		3,271		4,240
Total current	38,392		37,057		57,002
Deferred:
Federal	4,625		(35,603)		(5,666)
Foreign	2,898		(1,843)		1,413
State	639		(3,399)		(345)
Total deferred	8,162		(40,845)		(4,598)
Income taxes (benefit)	$	46,554	$	(3,788)	$	52,404

Schedule of Deferred Tax Assets And Liabilities

The tax effects of temporary differences that generated deferred tax assets and liabilities are as follows:

	October 2, 2021		October 3, 2020
Deferred tax assets:
Benefit accruals	$	68,657	$	78,703
Inventory reserves	31,900		31,571
Tax benefit carryforwards	15,434		14,146
Contract reserves not currently deductible	13,294		16,418
Lease liability	16,997		17,622
Other accrued expenses	10,983		12,510
Total gross deferred tax assets	157,265		170,970
Less valuation allowance	(13,896)		(14,784)
Total net deferred tax assets	$	143,369	$	156,186
Deferred tax liabilities:
Differences in bases and depreciation of property, plant and equipment	$	164,581	$	152,926
Pension	25,661		24,810
Total gross deferred tax liabilities	190,242		177,736
Net deferred tax assets (liabilities)	$	(46,873)	$	(21,550)