Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Jul. 01, 2017
Jul. 02, 2016
Income Statement [Abstract]        
Net sales $ 104,281 $ 111,552 $ 293,755 $ 310,883
Cost of goods sold 82,012 86,566 229,697 241,301
Gross profit 22,269 24,986 64,058 69,582
Selling, general and administrative expenses 16,964 19,396 52,523 56,311
Change in fair value of contingent consideration (400) (300) (600) (600)
Gain on sale of business 0 0 (1,295) 0
Restructuring costs 0 1,663 0 1,663
Other income, net (146) 0 (413) (178)
Operating income 5,851 4,227 13,843 12,386
Interest expense, net 1,256 1,338 3,868 4,009
Income before provision for income taxes 4,595 2,889 9,975 8,377
Provision for income taxes 127 347 1,563 1,716
Net income $ 4,468 $ 2,542 $ 8,412 $ 6,661
Basic earnings per share (in dollars per share) $ 0.59 $ 0.33 $ 1.11 $ 0.86
Diluted earnings per share (in dollars per share) $ 0.57 $ 0.32 $ 1.07 $ 0.84
Weighted average number of shares outstanding (in shares) 7,541 7,714 7,580 7,736
Dilutive effect of stock options and awards (in shares) 325 288 289 235
Weighted average number of shares assuming dilution (in shares) 7,866 8,002 7,869 7,971