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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Cash Flows From Operating Activities:    
Net earnings $ 16,224,000 $ 62,146,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 6,573,000 7,345,000
Amortization of capitalized financing costs 32,000 33,000
Stock-based compensation expense 1,113,000 1,102,000
Deferred income taxes (1,479,000) 1,116,000
Gain on sale and disposition of property, plant and equipment and assets held for sale (3,324,000) (608,000)
Gain from life insurance proceeds 0 (364,000)
Increase in cash surrender value of life insurance policies over premiums paid (732,000) 0
Net changes in assets and liabilities:    
Accounts receivable, net 15,772,000 (12,773,000)
Inventories 61,162,000 (48,000,000)
Accounts payable and accrued expenses (19,451,000) 6,805,000
Other changes 3,681,000 3,264,000
Total adjustments 63,347,000 (42,080,000)
Net cash provided by operating activities 79,571,000 20,066,000
Cash Flows From Investing Activities:    
Capital expenditures (15,400,000) (8,617,000)
(Increase) decrease in cash surrender value of life insurance policies (327,000) 35,000
Proceeds from sale of assets held for sale 0 6,934,000
Proceeds from sale of property, plant and equipment 9,920,000 0
Proceeds from life insurance claims 0 1,456,000
Proceeds from surrender of life insurance policies 343,000 106,000
Net cash used for investing activities (5,464,000) (86,000)
Cash Flows From Financing Activities:    
Proceeds from long-term debt 142,000 133,000
Principal payments on long-term debt (142,000) (133,000)
Cash dividends paid (40,085,000) (39,993,000)
Payment of employee tax withholdings related to net share transactions (187,000) (192,000)
Cash received from exercise of stock options 94,000 46,000
Financing costs (164,000) 0
Repurchases of common stock (1,925,000) 0
Net cash used for financing activities (42,267,000) (40,139,000)
Net increase (decrease) in cash and cash equivalents 31,840,000 (20,159,000)
Cash and cash equivalents at beginning of period 48,316,000 89,884,000
Cash and cash equivalents at end of period 80,156,000 69,725,000
Supplemental Disclosures of Cash Flow Information:    
Income taxes, net 4,132,000 18,053,000
Non-cash investing and financing activities:    
Purchases of property, plant and equipment in accounts payable 2,123,000 372,000
Restricted stock units and stock options surrendered for withholding taxes payable $ 187,000 $ 192,000