Annual report pursuant to Section 13 and 15(d)

Note 13 - Business Segments - Schedule of Segment Information (Details)

v3.20.2
Note 13 - Business Segments - Schedule of Segment Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Net sales $ 381,035 $ 431,730
Segment operating income (7,075) 15,895
Purchases of property, plant and equipment 8,990 6,063
Depreciation and amortization 12,756 11,764
Assets 420,231 377,988
Equity investment in joint venture 10,573 10,388
Operating Segments [Member]    
Segment operating income 7,069 29,566
Corporate, Non-Segment [Member]    
Purchases of property, plant and equipment 0 0
Depreciation and amortization 8 353
Assets 8,420 4,761
Delta Group [Member]    
Net sales 343,891 389,075
Equity investment in joint venture 10,573 10,388
Delta Group [Member] | Operating Segments [Member]    
Net sales 343,891 389,075
Segment operating income [1] 6,609 23,780
Purchases of property, plant and equipment 7,496 4,861
Depreciation and amortization 11,788 9,889
Assets 346,135 315,653
Salt Life Group [Member]    
Net sales 37,144 42,655
Equity investment in joint venture 0 0
Salt Life Group [Member] | Operating Segments [Member]    
Net sales 37,144 42,655
Segment operating income [2] 460 5,786
Purchases of property, plant and equipment 1,494 1,202
Depreciation and amortization 960 1,522
Assets $ 65,676 $ 57,574
[1] In fiscal year 2020, the Delta Group operating income included $23.7 million of expenses related to the COVID-19 pandemic. These costs primarily related to the curtailment of manufacturing operations ($11.9 million), incremental costs to right size production to new forecasted demand ($2.6 million), increased accounts receivable and inventory reserves related to the heightened risks in the market as the U.S. continues its recovery ($6.3 million), and other expenses ($2.9 million). These costs are included within net sales ($0.4 million), cost of goods sold ($14.2 million), SG&A expenses ($1.1 million), and other loss (income), net ($8.0 million). In the quarter ended December 29, 2018, the Delta Group operating income included $2.5 million of expense incurred in connection with the settlement of litigation related to the 2016 bankruptcy filing of a customer.
[2] In fiscal year 2020, the Salt Life Group operating income included approximately $0.3 million of increased accounts receivable and inventory reserves related to the heightened risks in the market as the U.S. continues its recovery from the COVID-19 pandemic, as well as $0.5 million of other expenses. These costs are included within net sales ($0.1 million), SG&A expenses ($0.6 million), and other loss (income), net ($0.1 million). In the quarter ended June 29, 2019, the Salt Life Group operating income included $1.3 million in other loss (income) as the result of a litigation settlement.