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
Jun. 30, 2018
Jul. 01, 2017
Jun. 30, 2018
Jul. 01, 2017
Income Statement [Abstract]        
Net sales $ 112,182 $ 104,281 $ 302,528 $ 293,755
Cost of goods sold 87,919 82,012 239,660 229,697
Gross profit 24,263 22,269 62,868 64,058
Selling, general and administrative expenses 17,936 16,964 49,654 52,523
Change in fair value of contingent consideration 100 (400) (300) (600)
Gain on sale of business 0 0 0 (1,295)
Other income, net (441) (146) (505) (413)
Operating income 6,668 5,851 14,019 13,843
Interest expense, net 1,522 1,256 4,207 3,868
Income before provision for income taxes 5,146 4,595 9,812 9,975
Provision for income taxes 596 127 11,583 1,563
Net income (loss) $ 4,550 $ 4,468 $ (1,771) $ 8,412
Basic earnings (loss) per share (in dollars per share) $ 0.64 $ 0.59 $ (0.25) $ 1.11
Diluted earnings (loss) per share (in dollars per share) $ 0.62 $ 0.57 $ (0.25) $ 1.07
Weighted average number of shares outstanding (in shares) 7,116 7,541 7,193 7,580
Dilutive effect of stock options and awards (in shares) 272 325 0 289
Weighted average number of shares assuming dilution (in shares) 7,388 7,866 7,193 7,869