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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Mar. 29, 2025
Mar. 30, 2024
Net sales $ 1,984,080 $ 1,834,595 $ 3,990,428 $ 3,709,393
Cost of sales 1,807,845 1,679,838 3,646,278 3,393,796
Gross profit 176,235 154,757 344,150 315,597
Operating expenses:        
Selling, general and administrative 76,313 69,199 147,158 133,984
Research and development 7,316 6,323 14,340 12,612
Restructuring 990 3,274 2,426 5,464
Total operating expenses 84,619 78,796 163,924 152,060
Operating income 91,616 75,961 180,226 163,537
Interest income 3,723 3,412 7,119 7,069
Interest Expense, Nonoperating 4,979 8,218 9,980 16,630
Other income (expense), net (1,955) 3,276 (2,684) 2,143
Interest and other, net (3,211) (1,530) (5,545) (7,418)
Income before income taxes 88,405 74,431 174,681 156,119
Provision for income taxes 17,890 19,122 33,282 40,446
Net income before noncontrolling interest 70,515 55,309 141,399 115,673
Less: Net income attributable to noncontrolling interest 6,307 2,824 12,188 6,120
Net income attributable to common shareholders $ 64,208 $ 52,485 $ 129,211 $ 109,553
Net income attributable to common shareholders per share:        
Basic $ 1.18 $ 0.94 $ 2.38 $ 1.95
Diluted $ 1.16 $ 0.93 $ 2.32 $ 1.91
Weighted-average shares used in computing per share amounts:        
Basic 54,405 55,585 54,304 56,062
Diluted 55,511 56,669 55,681 57,470