Income Taxes (Tables)

12 Months Ended

Sep. 27, 2025

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:


	2025			2024			2023
Earnings before income taxes:
Domestic	$	167,179		$	186,376		$	140,708
Foreign	145,469			83,370			80,812

Total	$	312,648		$	269,746		$	221,520
Federal statutory income tax rate	21.0		%	21.0		%	21.0		%
Increase (decrease) in income taxes resulting from:
Impacts of Tax Act	0.2		%	(1.2)		%	(0.7)		%

Tax on foreign earnings	1.3		%	0.8		%	0.9		%

R&D and foreign tax credits	(3.8)		%	(4.3)		%	(6.2)		%
Divestiture impacts	0.4		%	0.5		%	—		%
Foreign tax rates	3.8		%	2.7		%	6.6		%
Equity-based compensation and benefits	—		%	0.2		%	0.5		%
Unrecognized tax benefits	—		%	—		%	(0.5)		%

Change in valuation allowance for deferred taxes	0.5		%	1.7		%	(0.8)		%


State taxes, net of federal benefit	0.5		%	0.8		%	0.2		%
Other	0.9		%	0.4		%	(0.1)		%
Effective income tax rate	24.8		%	22.6		%	20.9		%

Components Of Income Taxes

The components of income taxes are as follows:


	2025		2024		2023
Current:
Federal	$	30,351	$	50,813	$	42,289
Foreign	48,018		31,210		32,374
State	5,795		8,588		6,696
Total current	84,164		90,611		81,359
Deferred:
Federal	(10,142)		(29,268)		(30,344)
Foreign	4,197		2,589		686
State	(599)		(2,972)		(5,337)
Total deferred	(6,544)		(29,651)		(34,995)
Income taxes	$	77,620	$	60,960	$	46,364

Schedule of Deferred Tax Assets And Liabilities

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


	September 27, 2025		September 28, 2024
Deferred tax assets:
Research and development	$	86,109	$	64,530
Benefit accruals	46,669		54,667
Inventory reserves	28,139		28,435
Tax benefit carryforwards	13,180		18,034
Contract reserves not currently deductible	18,713		18,169
Lease liability	15,756		16,191
Other accrued expenses	—		2,835
Total gross deferred tax assets	208,566		202,861
Less valuation allowance	(12,317)		(10,905)
Total net deferred tax assets	$	196,249	$	191,956
Deferred tax liabilities:
Differences in bases and depreciation of property, plant and equipment	$	189,878	$	178,868
Pension	14,881		16,856


Other	1,631		—
Total gross deferred tax liabilities	206,390		195,724
Net deferred tax liabilities	$	(10,141)	$	(3,768)