XML 48 R33.htm IDEA: XBRL DOCUMENT v3.25.3
INCOME TAXES (Tables)
 12 Months Ended
Oct. 03, 2025
Income Tax Disclosure [Abstract]  
Schedule of U.S. And Foreign Income Before Taxes
The U.S. and foreign income before income taxes for the respective years consisted of the following:
 202520242023
United States$(11,745)$(32,560)$16,070 
Foreign2,466 2,698 9,754 
 $(9,279)$(29,862)$25,824 
Schedule of Income Tax Expense
Income tax expense for the respective years consisted of the following:
 202520242023
Current:   
Federal$1,595 $159 $7,631 
State597 40 2,267 
Foreign2,193 1,618 3,286 
Deferred20,630 (5,146)(6,894)
 $25,015 $(3,329)$6,290 
Schedule of Tax Effects of Temporary Differences Giving Rise to Deferred Tax Assets And Liabilities
The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities at the end of the respective years are presented below:
 20252024
Deferred tax assets:  
Inventories$5,139 $6,126 
Compensation5,437 4,386 
Lease liabilities
10,299 10,746 
Tax credit carryforwards1,670 2,272 
Net operating loss carryforwards9,407 5,374 
Research and Experimental Expenditures12,881 8,846 
Other7,820 7,510 
Total gross deferred tax assets52,653 45,260 
Less valuation allowance35,725 6,367 
Deferred tax assets16,928 38,893 
Deferred tax liabilities:  
Goodwill and other intangibles2,200 1,395 
Right of Use assets
9,806 10,316 
Depreciation and amortization3,097 4,941 
Foreign statutory reserves812 734 
Net deferred tax assets$1,013 $21,507 
Schedule of Net Deferred Tax Assets in Consolidated Balance Sheet
The net deferred tax assets recorded in the accompanying Consolidated Balance Sheets as of the years ended October 3, 2025 and September 27, 2024 were as follows:
 20252024
Non-current assets$3,074 $23,420 
Non-current liabilities2,061 1,913 
Net deferred tax assets$1,013 $21,507 
Schedule of Significant Differences Between Statutory Federal Tax Rate And Effective Income Tax Rate
The significant differences between the statutory federal tax rate and the effective income tax rates for the Company for the respective years shown below were as follows:
 202520242023
Statutory U.S. federal income tax rate21.0 %21.0 %21.0 %
State income tax, net of federal benefit4.6 %2.2 %3.4 %
Uncertain tax positions, net of settlements2.0 %— %(0.3)%
Foreign-derived intangible income ("FDII") deduction1.7 %— %(2.3)%
Foreign tax rate differences(4.6)%(4.5)%2.2 %
Compensation(9.0)%(3.8)%2.4 %
Changes in estimates related to prior years tax return filing8.2 %(0.2)%(1.3)%
Goodwill impairment— %(7.3)%— %
Deferred tax asset - valuation allowance(294.4)%3.5 %1.7 %
Tax Credits2.6 %1.6 %(2.5)%
Other(1.7)%(1.4)%0.1 %
 (269.6)%11.1 %24.4 %
Schedule of Operating Loss Carryforwards
The Company’s net operating loss carryforwards and their expirations as of October 3, 2025 were as follows:
 StateForeignTotal
Year of expiration   
2026-2030$2,624 $13,874 $16,498 
2031-20351,946 4,166 6,112 
2036-20405,263 — 5,263 
2041-2045994 — 994 
Indefinite5,589 23,361 28,950 
Total$16,416 $41,401 $57,817 
Schedule of Tax Credit Carryforwards
The Company has tax credit carryforwards as follows:
 StateFederalTotal
Year of expiration   
2026-2030$1,158 $— $1,158 
2031-2035478 — 478 
2036-204034 — 34 
2041-2045— — — 
Total$1,670 $— $1,670 
Schedule of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits
A reconciliation of the beginning and ending amount of unrecognized tax benefits follows:
20252024
Beginning balance$6,072 $6,096 
Gross increases - tax positions in prior period— — 
Gross decreases - tax positions in prior period— — 
Gross increases - tax positions in current period465 460 
Settlements— — 
Lapse of statute of limitations
(695)(484)
Ending balance$5,842 $6,072 
Schedule of Income Tax Examinations
The following tax years remain subject to examination by the Company's respective major tax jurisdictions:
JurisdictionFiscal Years
United States2022-2025
Canada2021-2025
France2021-2025
Germany2019-2025
Italy2023-2025
Switzerland2015-2025