v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Cash flows from operating activities    
Net income $ 91,223 $ 80,884
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 11,671 10,913
Non-cash interest expense 249 305
Share-based compensation expense 12,910 7,017
Equity in net income of non-consolidated affiliates (2,975) (6,671)
Dividend from equity investment in affiliates 0 2,991
Loss on disposal of fixed assets 316 33
Deferred income tax (benefit) expense (5,442) 4,165
Amortization of deferred actuarial pension losses 209 516
Loss on debt refinancing 0 1,558
Changes in assets and liabilities:    
Accounts receivable 37,991 (21,432)
Inventories (23,244) (9,251)
Other assets (8,709) 680
Accounts payable 7,305 (9,961)
Accrued expenses, pension and other liabilities (10,408) (5,987)
Total adjustments 19,873 (25,124)
Total cash provided by operating activities 111,096 55,760
Cash flows from investing activities    
Cash paid for fixed assets (18,215) (10,137)
Equity investment in affiliates (Note 12) (850) 0
Total cash used in investing activities (19,065) (10,137)
Cash flows from financing activities    
Revolving credit facility borrowings 0 36,220
Revolving credit facility repayments 0 (36,220)
Term loan borrowings 0 100,000
Term loan repayments (3,750) (134,300)
Principal payments on finance leases (981) (440)
Cash paid for debt costs 0 (3,128)
Repurchase of common stock in connection with repurchase program (Note 13) (38,993) 0
Repurchase of common stock in connection with stock award exercises (4,412) (301)
Cash received from stock option exercises 1,484 1,974
Total cash used in financing activities (46,652) (36,195)
Change in cash and cash equivalents 45,379 9,428
Cash and cash equivalents at beginning of period 127,687 78,988
Cash and cash equivalents at end of period 173,066 88,416
Supplemental disclosures of cash flow information    
Interest paid 5,710 7,856
Interest received (4,132) (3,131)
Income tax paid, net of tax refunds 43,594 18,856
Non-cash investing and financing activities:    
Changes in accounts payable for capital additions to property, plant and equipment 1,573 2,336
Warrants issued for equity investment in affiliate (note 12) 0 7,416
Right-of-use assets obtained in exchange for operating lease obligations $ 0 $ 1,682