Consolidated Statements of Cash Flows - USD ($)
|
12 Months Ended |
Oct. 01, 2016 |
Oct. 03, 2015 |
Sep. 27, 2014 |
| OPERATING ACTIVITIES: |
|
|
|
| Net income |
$ 4,247,331
|
$ 3,993,398
|
$ 2,590,767
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation |
854,940
|
865,003
|
864,356
|
| Amortization |
325,092
|
356,775
|
424,169
|
| Provision for losses on accounts receivable |
(9,007)
|
38,776
|
128,925
|
| Provision for deferred income taxes |
(182,934)
|
123,435
|
50,703
|
| Loss (Gain) on sale and disposal of property and equipment |
7,704
|
(13,591)
|
(73)
|
| Loss on disposal of other assets |
3,863
|
|
|
| Increase in cash value of life insurance |
(154,273)
|
(49,528)
|
(174,943)
|
| Deferred compensation |
(86,545)
|
(81,517)
|
(76,783)
|
| Stock compensation expense |
|
9,041
|
26,637
|
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable |
(247,145)
|
(2,255,207)
|
1,692,566
|
| Inventories |
1,321,441
|
(1,703,567)
|
(1,106,616)
|
| Prepaid expenses and other assets |
(97,928)
|
199,486
|
164,708
|
| Accounts payable and accrued and sundry liabilities |
(1,156,563)
|
2,779,176
|
(927,407)
|
| Net cash provided by operating activities |
4,825,976
|
4,261,680
|
3,657,009
|
| INVESTING ACTIVITIES: |
|
|
|
| Purchases of property and equipment |
(439,693)
|
(654,865)
|
(670,845)
|
| Proceeds from sale of property and equipment |
|
47,745
|
914
|
| Payments for other assets |
(99,074)
|
(82,280)
|
(80,593)
|
| Net cash used for investing activities |
(538,767)
|
(689,400)
|
(750,524)
|
| FINANCING ACTIVITIES: |
|
|
|
| Dividends paid |
(1,752,004)
|
(4,780,572)
|
(1,683,011)
|
| Proceeds of long-term debt |
2,900,000
|
|
|
| Repayment of long-term debt |
(2,900,000)
|
|
|
| Purchase and retirement of common stock |
(209,880)
|
(4,437,251)
|
|
| Proceeds from exercise of options for common stock |
204,423
|
180,708
|
273,397
|
| Net cash used for financing activities |
(1,757,461)
|
(9,037,115)
|
(1,409,614)
|
| Effect of exchange rates on cash |
(829)
|
(177,070)
|
(55,461)
|
| Increase (Decrease) in cash and cash equivalents |
2,528,919
|
(5,641,905)
|
1,441,410
|
| Cash and cash equivalents at beginning of year |
1,224,026
|
6,865,931
|
5,424,521
|
| Cash and cash equivalents at end of year |
$ 3,752,945
|
$ 1,224,026
|
$ 6,865,931
|