v3.26.1
Micro Bird Acquisition (Tables)
 9 Months Ended
Jun. 27, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Purchase Consideration
The following is a summary of the purchase consideration transferred:

(in thousands of dollars)
Purchase Consideration
Cash consideration transferred for the newly acquired interest$63,021 
Equity consideration transferred for the newly acquired interest142,878 
Fair value of the previously held interest196,095 
Total consideration transferred for the Micro Bird interest401,994 
Cash consideration transferred for the Plattsburgh, New York real estate15,369 
Total consideration transferred$417,363 
Schedule of Assets Acquired and Liabilities Assumed The final acquisition accounting adjustments could be materially different and may include (1) changes in the allocations to the intangible assets as well as goodwill and (2) other changes to assets and liabilities, such as working capital. The preliminary allocation of the purchase price is as follows:
(in thousands of dollars)April 1, 2026
Assets acquired
Cash and cash equivalents$28,749 
Inventories145,104 
Other current assets14,924 
Property, plant and equipment45,613 
Finance lease right-of-use assets29,734 
Intangible assets137,599 
Total assets acquired$401,723 
Liabilities assumed
Accounts payable$16,457 
Accrued expenses9,171 
Other current liabilities3,043 
Long-term debt17,603 
Revolving credit facility112,015 
Finance lease obligations29,734 
Warranty11,168 
Deferred warranty income510 
Deferred tax liabilities27,427 
Other liabilities2,509 
Total liabilities assumed$229,637 
Fair value of net assets acquired$172,086 
Goodwill245,277 
Total consideration transferred$417,363 
Schedule of Identified Intangible Assets Acquired
The estimated fair values of the acquired identified intangible assets and their estimated useful lives are as follows:

(in thousands of dollars)
Estimated Useful Life (in years)Estimated Fair Value
(in thousands of dollars)
Customer relationships15$130,000 
Engineering designs46,700 
In-process research & development5899 
Total intangible assets$137,599 
Schedule of Goodwill
The following table summarizes the carrying amount of the Company's goodwill, including the goodwill arising from the Micro Bird acquisition discussed above, as of June 27, 2026:

(in thousands of dollars)
Goodwill, excluding goodwill arising from the Micro Bird acquisition$18,825 
Goodwill arising from the Micro Bird acquisition245,277 
Total goodwill$264,102 
Schedule of Pro Forma Financial Results
The following supplemental pro forma results of operations have been provided for illustrative purposes only and do not purport to be indicative of the actual results that would have been achieved by the combined companies for the periods presented or that may be achieved by the combined companies in the future. Future results may vary significantly from the results reflected in the following pro forma financial information because of future events and transactions, as well as other factors.

Three Months EndedNine Months Ended
(in thousands of dollars)June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Revenues$517,160 $453,921 $1,396,098 $1,258,010 
Net income (1)32,117 34,009 92,161 78,568 
(1)    Net income for both the the three and nine months ended June 27, 2026 is reduced by the approximate $14.5 million non-cash, after-tax pension plan settlement loss discussed in further detail in Note 14, Defined Benefit Pension Plan Settlement and Termination, below.