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Consolidated Statements of (Loss) Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
Net Sales $ 214,563 $ 326,701 $ 769,502 $ 874,615
Cost of goods sold 177,367 225,352 585,002 617,155
Gross Profit 37,196 101,349 184,500 257,460
Operating expenses        
Marketing 21,952 26,398 68,532 69,792
Distribution 21,272 24,447 69,648 70,521
Administrative 8,374 10,668 28,166 29,909
Plant shutdown impairment costs 5,072 0 5,072 0
Other general (income) expense (54) 794 (183) 1,343
Total operating expenses 56,616 62,307 171,235 171,565
Operating (loss) income (19,420) 39,042 13,265 85,895
Other income (expense)        
Investment income 1,300 1,953 2,673 5,775
Interest expense & other (7) 1,972 (60) 1,920
(Loss) earnings before income taxes (18,127) 42,967 15,878 93,590
Income taxes (5,480) 12,095 4,157 24,838
NET (LOSS) EARNINGS $ (12,647) $ 30,872 $ 11,721 $ 68,752
(Loss) earnings per diluted share (in dollars per share) $ (0.67) $ 1.63 $ 0.62 $ 3.64
Weighted average number of diluted shares (in shares) 18,888 18,947 19,036 18,912
(Loss) earnings per basic share (in dollars per share) $ (0.67) $ 1.64 $ 0.62 $ 3.66
Weighted average number of basic shares (in shares) 18,888 18,823 18,902 18,794