v3.26.1
DIVESTITURES (Tables)
 9 Months Ended
Jun. 26, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Selling Price Allocation
(in thousands)Vergo G&C
Cash consideration$11,931 
Holdback receivable85 
Net assets divested13,220 
Loss on sale of business$(1,204)
(in thousands)HDPE
Consideration received:
Fair value of 9.9% equity interest in Infra Pipes
$54,000 
Fair value of contingent consideration9,400 
63,400 
Net book value45,897 
Initial portion of cash funding commitment1
15,000 
Deferred portion of cash funding 1,2
13,000 
73,897 
Loss on sale of business$(10,497)
1. Certain aspects of total consideration received have yet to result in cash inflows and outflows and therefore reflect non-cash investing activities within the Company’s Consolidated Statement of Cash Flows for the nine months ended June 26, 2026.
2. The Company committed to fund Infra Pipe with a total of $28,000 of cash, $15,000 of which was due upon closing and $13,000 due within 90 days. The deferred portion remained unpaid as of June 26, 2026 and reported within Other current liabilities on the Condensed Consolidated Balance Sheets as of June 26, 2026 and will be paid in the fourth quarter of fiscal 2026. See Note 19, “Subsequent Events” for payment details
(in thousands)Tectron Tube
Cash consideration$18,388 
Note received7,300 
Net assets divested23,273 
Gain on sale of business$2,415 
(in thousands)Tectron Tube
Gain on sale previously recognized$2,415 
Net working capital true-up953 
Final gain on sale$1,462 
(in thousands)Northwest Polymers
Cash consideration$6,711 
Net assets divested12,812 
Loss on sale of business$(6,101)