| Exhibit 99.1 | |||||||||||||||||||||||||||||
| Return on Invested Capital ("ROIC") and Economic Return Calculations GAAP to non-GAAP reconciliation (dollars in thousands): | |||||||||||||||||||||||||||||
| Nine Months Ended | Six Months Ended | Nine Months Ended | |||||||||||||||||||||||||||
| Jul 4, | Apr 4, | Jun 28, | |||||||||||||||||||||||||||
| 2026 | 2026 | 2025 | |||||||||||||||||||||||||||
| Operating income, as reported | $ | 177,561 | $ | 116,301 | $ | 149,259 | |||||||||||||||||||||||
| Restructuring and other charges, net | — | — | 4,683 | ||||||||||||||||||||||||||
| Accelerated stock-based compensation (1) | + | 12,940 | + | — | + | — | |||||||||||||||||||||||
| Adjusted operating income | 190,501 | 116,301 | 153,942 | ||||||||||||||||||||||||||
| ÷ | 3 | x | 2 | ÷ | 3 | ||||||||||||||||||||||||
| 63,500 | 51,314 | ||||||||||||||||||||||||||||
| x | 4 | x | 4 | ||||||||||||||||||||||||||
| Adjusted annualized operating income | 254,000 | 232,602 | 205,256 | ||||||||||||||||||||||||||
| Adjusted effective tax rate | x | 16 | % | x | 17 | % | x | 11 | % | ||||||||||||||||||||
| Tax impact | 40,640 | 39,542 | 22,578 | ||||||||||||||||||||||||||
| Adjusted operating income (tax-effected) | $ | 213,360 | $ | 193,060 | $ | 182,678 | |||||||||||||||||||||||
| Average invested capital | ÷ | $ | 1,431,266 | ÷ | $ | 1,401,134 | ÷ | $ | 1,298,575 | ||||||||||||||||||||
| ROIC | 14.9 | % | 13.8 | % | 14.1 | % | |||||||||||||||||||||||
| Weighted average cost of capital | - | 9.0 | % | - | 9.0 | % | - | 8.9 | % | ||||||||||||||||||||
| Economic return | 5.9 | % | 4.8 | % | 5.2 | % | |||||||||||||||||||||||
| Jul 4, | Apr 4, | Jan 3, | Sep 27, | |||||||||||||||||||||||
| 2026 | 2026 | 2026 | 2025 | |||||||||||||||||||||||
| Equity | $ | 1,528,752 | $ | 1,489,800 | $ | 1,481,063 | $ | 1,454,588 | ||||||||||||||||||
| Plus: | ||||||||||||||||||||||||||
| Debt and finance lease obligations - current | 183,814 | 143,112 | 66,837 | 45,793 | ||||||||||||||||||||||
| Operating lease obligations - current (2) | 7,616 | 7,758 | 7,943 | 8,253 | ||||||||||||||||||||||
Debt and finance lease obligations - long-term | 91,644 | 91,034 | 91,139 | 91,987 | ||||||||||||||||||||||
| Operating lease obligations - long-term | 23,888 | 25,769 | 27,327 | 29,422 | ||||||||||||||||||||||
| Less: Cash and cash equivalents | (314,053) | (303,133) | (248,825) | (306,464) | ||||||||||||||||||||||
| $ | 1,521,661 | $ | 1,454,340 | $ | 1,425,484 | $ | 1,323,579 | |||||||||||||||||||
| Jun 28, | Mar 29, | Dec 28, | Sep 28, | |||||||||||||||||||||||
| 2025 | 2025 | 2024 | 2024 | |||||||||||||||||||||||
| Equity | $ | 1,419,085 | $ | 1,351,675 | $ | 1,319,069 | $ | 1,324,825 | ||||||||||||||||||
| Plus: | ||||||||||||||||||||||||||
| Debt and finance lease obligations - current | 50,678 | 121,014 | 121,977 | 157,325 | ||||||||||||||||||||||
| Operating lease obligations - current (2) | 8,470 | 9,968 | 14,875 | 14,697 | ||||||||||||||||||||||
Debt and finance lease obligations - long-term | 92,215 | 88,761 | 88,728 | 89,993 | ||||||||||||||||||||||
| Operating lease obligations - long-term | 31,192 | 32,720 | 35,124 | 32,275 | ||||||||||||||||||||||
| Less: Cash and cash equivalents | (237,567) | (310,531) | (317,161) | (345,109) | ||||||||||||||||||||||
| $ | 1,364,073 | $ | 1,293,607 | $ | 1,262,612 | $ | 1,274,006 | |||||||||||||||||||
| (1) | During the nine months ended July 4, 2026, $12.9 million of accelerated stock-based compensation expense was recorded in selling and administrative expense in the accompanying Condensed Consolidated Statements of Operations as a result of a previously announced executive retirement agreement. | |||||||||||||||||||
| (2) | Included in other accrued liabilities on the Condensed Consolidated Balance Sheets. | |||||||||||||||||||