Annual report pursuant to Section 13 and 15(d)

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

v3.23.4
Note 13 - Business Segments - Schedule of Segment Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Sep. 30, 2022
Net sales $ 415,351 $ 484,859  
Operating income (29,442) 31,781  
Purchases of property, plant and equipment 2,821 12,378  
Depreciation and amortization 14,923 15,032  
Goodwill 28,697 37,897 $ 37,897
Assets 455,238 523,681 523,681
Equity investment in joint venture 10,082 9,886  
Operating Segments [Member]      
Operating income (20,078) 46,232  
Corporate, Non-Segment [Member]      
Purchases of property, plant and equipment 65 0  
Assets 11,339 6,695  
Delta Group [Member]      
Net sales 356,336 424,799  
Goodwill 8,780   17,980
Delta Group [Member] | Operating Segments [Member]      
Net sales 356,336 424,799  
Operating income [1] (26,179) 38,045  
Purchases of property, plant and equipment 2,194 8,400  
Depreciation and amortization 13,072 13,376  
Goodwill 8,780 17,980  
Assets 345,965 426,406  
Equity investment in joint venture 10,082 9,886  
Salt Life Group [Member]      
Net sales 59,015 60,060  
Goodwill 19,917   $ 19,917
Salt Life Group [Member] | Operating Segments [Member]      
Net sales 59,015 60,060  
Operating income [2] 6,101 8,187  
Purchases of property, plant and equipment 562 3,978  
Depreciation and amortization 1,851 1,656  
Goodwill 19,917 19,917  
Assets 97,934 90,580  
Equity investment in joint venture $ 0 $ 0  
[1] In 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).
[2] In 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).