XML 65 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Cash Flows From Operating Activities:    
Net earnings $ 555,000 $ 4,126,000
Adjustments to reconcile net earnings to net cash provided by (used for) operating activities:    
Depreciation and amortization 3,478,000 3,242,000
Amortization of capitalized financing costs 16,000 16,000
Stock-based compensation expense 186,000 174,000
Deferred income taxes 186,000 2,131,000
Gain on sale and disposition of property, plant and equipment (709,000)
Increase in cash surrender value of life insurance policies over premiums paid (339,000)
Net changes in assets and liabilities:    
Accounts receivable, net 8,777,000 14,960,000
Inventories 5,599,000 (21,149,000)
Accounts payable and accrued expenses 10,225,000 (25,145,000)
Other changes 892,000 (414,000)
Total adjustments 29,020,000 (26,894,000)
Net cash provided by (used for) operating activities 29,575,000 (22,768,000)
Cash Flows From Investing Activities:    
Capital expenditures (600,000) (6,194,000)
Decrease (increase) in cash surrender value of life insurance policies (42,000) 518,000
Proceeds from surrender of life insurance policies 13,000
Net cash used for investing activities (642,000) (5,663,000)
Cash Flows From Financing Activities:    
Proceeds from long-term debt 67,000 90,000
Principal payments on long-term debt (67,000) (90,000)
Payment of employee tax withholdings related to net share transactions (7,000)
Net cash used for financing activities (7,000)
Net increase (decrease) in cash and cash equivalents 28,933,000 (28,438,000)
Cash and cash equivalents at beginning of period 38,181,000 43,941,000
Cash and cash equivalents at end of period 67,114,000 15,503,000
Supplemental Disclosures of Cash Flow Information:    
Income taxes, net 14,000 36,000
Non-cash investing and financing activities:    
Purchases of property, plant and equipment in accounts payable 310,000 1,090,000
Declaration of cash dividends to be paid 578,000 576,000
Restricted stock units and stock options surrendered for withholding taxes payable $ 7,000