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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Cash Flows From Operating Activities:    
Net earnings $ 4,919,000 $ 5,175,000
Adjustments to reconcile net earnings to net cash provided by (used for) operating activities:    
Depreciation and amortization 6,991,000 6,622,000
Amortization of capitalized financing costs 32,000 32,000
Stock-based compensation expense 1,127,000 1,019,000
Deferred income taxes 605,000 2,136,000
Loss (gain) on sale and disposition of property, plant and equipment 2,000 (1,758,000)
Increase in cash surrender value of life insurance policies over premiums paid (62,000)
Net changes in assets and liabilities (net of assets and liabilities acquired):    
Accounts receivable, net (6,870,000) 910,000
Inventories 2,338,000 (23,070,000)
Accounts payable and accrued expenses 15,297,000 (30,357,000)
Other changes 2,167,000 (838,000)
Total adjustments 21,689,000 (45,366,000)
Net cash provided by (used for) operating activities 26,608,000 (40,191,000)
Cash Flows From Investing Activities:    
Acquisition of business (21,500,000)
Capital expenditures (2,368,000) (8,107,000)
Proceeds from property insurance 1,048,000
Decrease (increase) in cash surrender value of life insurance policies 668,000 (263,000)
Proceeds from surrender of life insurance policies 6,000 18,000
Proceeds from sale of property, plant and equipment 8,000
Net cash used for investing activities (23,194,000) (7,296,000)
Cash Flows From Financing Activities:    
Proceeds from long-term debt 135,000 17,626,000
Principal payments on long-term debt (135,000) (12,261,000)
Cash dividends paid (1,156,000) (1,154,000)
Payment of employee tax withholdings related to net share transactions (76,000) (175,000)
Net cash provided by (used for) financing activities (1,232,000) 4,036,000
Net increase (decrease) in cash and cash equivalents 2,182,000 (43,451,000)
Cash and cash equivalents at beginning of period 38,181,000 43,941,000
Cash and cash equivalents at end of period 40,363,000 490,000
Supplemental Disclosures of Cash Flow Information:    
Income taxes, net 275,000 1,387,000
Non-cash investing and financing activities:    
Receivable related to post-closing purchase price adjustment for business acquired 3,113,000
Purchases of property, plant and equipment in accounts payable 274,000 497,000
Restricted stock units and stock options surrendered for withholding taxes payable 76,000 175,000
Accrued liability related to holdback for business acquired $ 1,000,000