
(in thousands of dollars)	June 27, 2026		September 27, 2025
Raw materials	$	203,406	$	81,262
Work in process	55,252		42,838
Finished goods	43,810		15,370
Total inventories	$	302,468	$	139,470

The following table reflects activity in accrued warranty cost (current and long-term portions combined) for the periods presented:


	Three Months Ended				Nine Months Ended
(in thousands of dollars)	June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025
Balance at beginning of period	$	16,775	$	16,345	$	17,175	$	16,179
Additions from Micro Bird acquisition (Note 13)	11,168		—		11,168		—
Current period accruals	2,954		2,856		7,951		8,092
Current period reductions of accrual	(2,894)		(2,627)		(8,291)		(7,697)
Balance at end of period	$	28,003	$	16,574	$	28,003	$	16,574

The following table reflects activity in deferred warranty income (current and long-term portions combined), for the sale of extended warranties of two to five years, for the periods presented:


	Three Months Ended				Nine Months Ended
(in thousands of dollars)	June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025
Balance at beginning of period	$	35,307	$	30,448	$	33,697	$	27,962
Additions from Micro Bird acquisition (Note 13)	510		—		510		—
Current period deferred income	4,011		3,861		11,400		11,127
Current period recognition of income	(2,933)		(2,520)		(8,712)		(7,300)
Balance at end of period	$	36,895	$	31,789	$	36,895	$	31,789

The outstanding balance of deferred warranty income in the table above is considered a "contract liability," and represents a performance obligation of the Company that we satisfy over the term of the arrangement but for which we have been paid in full at the time the warranty was sold. We expect to recognize $3.4 million of the outstanding contract liability during the remainder of fiscal 2026, $11.7 million in the fiscal year ending October 2, 2027, and the remaining balance thereafter.

The balance in other current liabilities as of June 27, 2026 includes approximately $29.4 million of deferred income resulting from an advanced deposit made by a customer for a large order of electric school buses. The Company expects to recognize the vast majority of this amount as revenue during the fourth quarter of fiscal 2026 as the underlying buses are produced and delivered. There were no material amounts of deferred income reflected within the other current liabilities balance as of September 27, 2025.

The following table reflects our total accrued self-insurance liability, comprised of workers' compensation and health insurance related claims, at the dates indicated:


(in thousands of dollars)	June 27, 2026		September 27, 2025
Current portion	$	5,121	$	4,979
Long-term portion	1,693		2,097
Total accrued self-insurance	$	6,814	$	7,076

The current and long-term portions of the accrued self-insurance liability are reflected in accrued expenses and other liabilities, respectively, on the Condensed Consolidated Balance Sheets.

Shipping and handling revenues were $7.5 million and $6.9 million for the three months ended June 27, 2026 and June 28, 2025, respectively, and $17.2 million for each of the nine months ended June 27, 2026 and June 28, 2025. The related cost of goods sold was $6.9 million and $6.1 million for the three months ended June 27, 2026 and June 28, 2025, respectively, and $15.7 million and $15.4 million for the nine months ended June 27, 2026 and June 28, 2025, respectively.

Components of net periodic pension benefit expense (income) were as follows for the periods presented:


	Three Months Ended				Nine Months Ended
(in thousands of dollars)	June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025
Interest cost	$	488	$	1,312	$	1,920	$	3,936
Expected return on plan assets	(455)		(1,819)		(1,663)		(5,457)
Amortization of prior loss	79		70		315		209
Net periodic pension benefit expense (income)	$	112	$	(437)	$	572	$	(1,312)
Amortization of prior loss, recognized in other comprehensive income	(79)		(70)		(315)		(209)
Total recognized in net periodic pension benefit expense (income) and other comprehensive income	$	33	$	(507)	$	257	$	(1,521)