Delta Apparel (DLAPQ) 10-Q 9 Aug 23 2023 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	9 Months Ended
	Jul. 01, 2023	Aug. 04, 2023 shares
Document Information [Line Items]
Entity Central Index Key	0001101396
Entity Registrant Name	DELTA APPAREL, INC
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 01, 2023
Document Transition Report	false
Entity File Number	1-15583
Entity Incorporation, State or Country Code	GA
Entity Tax Identification Number	58-2508794
Entity Address, Address Line One	2750 Premier Parkway, Suite 100
Entity Address, City or Town	Duluth
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30097
City Area Code	678
Local Phone Number	775-6900
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	DLA
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		7,010,020
Entity Number of Employees	7,100

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jul. 01, 2023	Oct. 01, 2022
Assets
Cash and cash equivalents	$ 296	$ 300
Accounts receivable, less allowances of $98 and $109, respectively	41,733	68,215
Other receivables	889	1,402
Income tax receivable	1,898	1,969
Inventories, net	226,196	248,538
Prepaid expenses and other current assets	4,221	2,755
Total current assets	275,233	323,179
Property, plant and equipment, net of accumulated depreciation of $115,383 and $108,534, respectively	69,040	74,109
Goodwill	37,897	37,897
Intangibles, net	22,264	24,026
Deferred income taxes	3,105	1,342
Operating lease assets	54,054	50,275
Equity method investment	9,356	9,886
Other assets	2,020	2,967
Total assets	472,969	523,681
Liabilities:
Accounts payable	63,897	83,553
Accrued expenses	17,424	27,414
Income taxes payable	695	379
Current portion of finance leases	8,942	8,163
Current portion of operating leases	8,980	8,876
Current portion of long-term debt	10,180	9,176
Total current liabilities	110,118	137,561
Long-term income taxes payable	2,131	2,841
Long-term finance leases	15,871	16,776
Long-term operating leases	46,664	42,721
Long-term debt	131,461	136,750
Deferred income taxes	0	4,310
Total liabilities	306,245	340,959
Shareholder's equity:
Preferred stock - $0.01 par value, 2,000,000 shares authorized, none issued and outstanding	0	0
Common stock - $0.01 par value, 15,000,000 authorized, 9,646,972 shares issued, and 7,001,020 and 6,915,663 shares outstanding as of June 2023 and September 2022, respectively	96	96
Additional paid-in capital	61,448	61,961
Retained earnings	149,756	166,600
Accumulated other comprehensive income	21	141
Treasury stock - 2,645,952 and 2,731,309 shares as of June 2023 and September 2022, respectively	(43,896)	(45,420)
Equity attributable to Delta Apparel, Inc.	167,425	183,378
Equity attributable to non-controlling interest	(701)	(656)
Total equity	166,724	182,722
Total liabilities and equity	$ 472,969	$ 523,681

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jul. 01, 2023	Oct. 01, 2022
Allowances for accounts receivable	$ 98	$ 109
Property, plant and equipment, accumulated deprecation	$ 115,383	$ 108,534
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	15,000,000	15,000,000
Common stock, shares issued (in shares)	9,646,972	9,646,972
Common stock, shares outstanding (in shares)	7,001,020	6,915,663
Treasury stock, shares (in shares)	2,645,952	2,731,309

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Net sales	$ 106,319	$ 126,875	$ 323,949	$ 369,319
Cost of goods sold	92,384	96,182	280,181	282,100
Gross profit	13,935	30,693	43,768	87,219
Selling, general and administrative expenses	18,491	22,416	56,658	59,613
Other (income), net	(95)	(1,018)	(452)	(1,947)
Operating (loss) income	(4,461)	9,295	(12,438)	29,553
Interest expense, net	4,049	1,971	10,662	5,370
(Loss) earnings before (benefit from) provision for income taxes	(8,510)	7,324	(23,100)	24,183
(Benefit from) provision for income taxes	(2,218)	1,087	(6,214)	4,149
Consolidated net (loss) earnings	(6,292)	6,237	(16,886)	20,034
Net (loss) income attributable to non-controlling interest	(5)	(3)	(45)	11
Net (loss) earnings attributable to shareholders	$ (6,287)	$ 6,240	$ (16,841)	$ 20,023
Basic (loss) earnings per share (in dollars per share)	$ (0.90)	$ 0.90	$ (2.41)	$ 2.87
Diluted (loss) earnings per share (in dollars per share)	$ (0.90)	$ 0.88	$ (2.41)	$ 2.84
Weighted average number of shares outstanding (in shares)	7,001	6,946	6,985	6,966
Dilutive effect of stock awards (in shares)	0	119	0	95
Weighted average number of shares assuming dilution (in shares)	7,001	7,065	6,985	7,061

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Net (loss) earnings attributable to shareholders	$ (6,287)	$ 6,240	$ (16,841)	$ 20,023
Other comprehensive (loss) income related to unrealized (loss) gain on derivatives, net of income tax	(159)	186	(121)	779
Consolidated comprehensive (loss) income	$ (6,446)	$ 6,426	$ (16,962)	$ 20,802

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock, Common [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Oct. 02, 2021	9,646,972				2,672,312
Balance at Oct. 02, 2021	$ 96	$ 60,831	$ 146,860	$ (786)	$ (42,149)	$ (658)	$ 164,194
Net (loss) earnings attributable to shareholders	0	0	3,645	0	0	0	3,645
Other comprehensive income (loss)	0	0	0	212	0	0	212
Net (loss) income attributable to non-controlling interest	$ 0	0	0	0	$ 0	25	25
Vested stock awards (in shares)	0				(76,460)
Vested stock awards	$ 0	(1,766)	0	0	$ 674	0	(1,092)
Stock based compensation	0	140	0	0	0	0	140
Purchase of common stock	$ 0	0	0	0	$ (2,143)	0	(2,143)
Balance (in shares) at Jan. 01, 2022	9,646,972				2,670,084
Balance at Jan. 01, 2022	$ 96	59,205	150,505	(574)	$ (43,618)	(633)	164,981
Balance (in shares) at Oct. 02, 2021	9,646,972				2,672,312
Balance at Oct. 02, 2021	$ 96	60,831	146,860	(786)	$ (42,149)	(658)	164,194
Net (loss) earnings attributable to shareholders							20,023
Net (loss) income attributable to non-controlling interest							11
Balance (in shares) at Jul. 02, 2022	9,646,972				2,732,033
Balance at Jul. 02, 2022	$ 96	60,822	166,882	(7)	$ (45,432)	(647)	181,714
Balance (in shares) at Jan. 01, 2022	9,646,972				2,670,084
Balance at Jan. 01, 2022	$ 96	59,205	150,505	(574)	$ (43,618)	(633)	164,981
Net (loss) earnings attributable to shareholders	0	0	10,137	0	0	0	10,137
Other comprehensive income (loss)	0	0	0	381	0	0	381
Net (loss) income attributable to non-controlling interest	$ 0	0	0	0	$ 0	(11)	(11)
Vested stock awards (in shares)	0				0
Vested stock awards	$ 0	0	0	0	$ 0	0	0
Stock based compensation	0	714	0	0	0	0	714
Purchase of common stock	$ 0	0	0	0	$ (846)	0	(846)
Purchase of common stock (in shares)	0				28,015
Balance (in shares) at Apr. 02, 2022	9,646,972				2,698,099
Balance at Apr. 02, 2022	$ 96	59,919	160,642	(193)	$ (44,464)	(644)	175,356
Net (loss) earnings attributable to shareholders	0	0	6,240	0	0	0	6,240
Other comprehensive income (loss)	0	0	0	186	0	0	186
Net (loss) income attributable to non-controlling interest	0	0	0	0	0	(3)	(3)
Stock based compensation	0	903	0	0	0	0	903
Purchase of common stock	$ 0	0	0	0	$ (968)	0	(968)
Balance (in shares) at Jul. 02, 2022	9,646,972				2,732,033
Balance at Jul. 02, 2022	$ 96	60,822	166,882	(7)	$ (45,432)	(647)	$ 181,714
Balance (in shares) at Oct. 01, 2022	9,646,972				2,731,309		6,915,663
Balance at Oct. 01, 2022	$ 96	61,961	166,600	141	$ (45,420)	(656)	$ 182,722
Net (loss) earnings attributable to shareholders	0	0	(3,565)	0	0	0	(3,565)
Other comprehensive income (loss)	0	0	0	69	0	0	69
Net (loss) income attributable to non-controlling interest	$ 0	0	0	0	$ 0	(34)	(34)
Vested stock awards (in shares)	0				(85,357)
Vested stock awards	$ 0	(2,067)	0	0	$ 1,524	0	(543)
Stock based compensation	$ 0	665	0	0	$ 0	0	665
Balance (in shares) at Dec. 31, 2022	9,646,972				2,645,952
Balance at Dec. 31, 2022	$ 96	60,559	163,035	210	$ (43,896)	(690)	$ 179,314
Balance (in shares) at Oct. 01, 2022	9,646,972				2,731,309		6,915,663
Balance at Oct. 01, 2022	$ 96	61,961	166,600	141	$ (45,420)	(656)	$ 182,722
Net (loss) earnings attributable to shareholders							(16,841)
Net (loss) income attributable to non-controlling interest							$ (45)
Purchase of common stock (in shares)							0
Balance (in shares) at Jul. 01, 2023	9,646,972				2,645,952		7,001,020
Balance at Jul. 01, 2023	$ 96	61,448	149,756	21	$ (43,896)	(701)	$ 166,724
Balance (in shares) at Dec. 31, 2022	9,646,972				2,645,952
Balance at Dec. 31, 2022	$ 96	60,559	163,035	210	$ (43,896)	(690)	179,314
Net (loss) earnings attributable to shareholders	0	0	(6,992)	0	0	0	(6,992)
Other comprehensive income (loss)	0	0	0	(30)	0	0	(30)
Net (loss) income attributable to non-controlling interest	0	0	0	0	0	(6)	(6)
Stock based compensation	$ 0	353	0	0	$ 0	0	353
Balance (in shares) at Apr. 01, 2023	9,646,972				2,645,952
Balance at Apr. 01, 2023	$ 96	60,912	156,043	180	$ (43,896)	(696)	172,639
Net (loss) earnings attributable to shareholders	0	0	(6,287)	0	0	0	(6,287)
Other comprehensive income (loss)	0	0	0	(159)	0	0	(159)
Net (loss) income attributable to non-controlling interest	0	0	0	0	0	(5)	(5)
Stock based compensation	$ 0	536	0	0	$ 0	0	$ 536
Balance (in shares) at Jul. 01, 2023	9,646,972				2,645,952		7,001,020
Balance at Jul. 01, 2023	$ 96	$ 61,448	$ 149,756	$ 21	$ (43,896)	$ (701)	$ 166,724

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022
Operating activities:
Consolidated net (loss) earnings	$ (16,886)	$ 20,034
Adjustments to reconcile net (loss) earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	11,397	11,272
Amortization of deferred financing fees	519	244
Provision for inventory market reserves	(3,707)	1,484
Change in reserves for allowances on accounts receivable	(11)	(160)
(Benefit from) provision for deferred income taxes	(6,033)	488
Non-cash stock compensation	1,554	1,756
Loss on disposal of equipment	135	348
Loss on impairment	831	0
Other, net	(710)	(2,263)
Changes in operating assets and liabilities:
Accounts receivable	27,006	(1,251)
Inventories	26,049	(67,452)
Prepaid expenses and other current assets	(1,985)	602
Other non-current assets	2,023	199
Accounts payable	(19,524)	23,390
Accrued expenses	(9,816)	(1,737)
Net operating lease liabilities	268	409
Income taxes	(323)	264
Other liabilities	0	(1,049)
Net cash provided by (used in) operating activities	10,787	(13,422)
Investing activities:
Purchases of property and equipment	(3,551)	(10,931)
Proceeds from sale/leaseback	4,417	0
Proceeds from sale of equipment	19	33
Cash paid for intangible asset	0	(132)
Cash paid for business	0	(583)
Net cash used in investing activities	885	(11,613)
Financing activities:
Proceeds from long-term debt	363,438	411,600
Repayment of long-term debt	(367,723)	(383,919)
Repayment of finance lease obligations	(6,849)	(5,604)
Payment of deferred financing cost	0	(850)
Repurchase of common stock	0	(3,934)
Payment of withholding taxes on stock awards	(542)	(1,092)
Net cash (used in) provided by financing activities	(11,676)	16,201
Net decrease in cash and cash equivalents	(4)	(8,834)
Cash and cash equivalents at beginning of period	300	9,376
Cash and cash equivalents at end of period	296	542
Supplemental cash flow information
Finance lease assets exchanged for finance lease liabilities	6,708	10,381
Operating lease assets exchanged for operating lease liabilities	$ 11,039	$ 6,869

Note A - Description of Busines

Note A - Description of Business and Basis of Presentation	9 Months Ended
	Jul. 01, 2023
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	Delta Apparel, Inc. (collectively with DTG2Go, DTG2Go's may We design and internally manufacture the majority of our products, with more than 90% 1999, We operate on a 52 53 September 30. 2023 52 September 30, 2023 ( 2023" 10 third 2023. 2022 52 October 1, 2022 ( 2022" For presentation purposes herein, all references to period ended relate to the following fiscal years and dates: Period Ended Fiscal Year Date Ended June 2022 Fiscal 2022 July 2, 2022 September 2022 Fiscal 2022 October 1, 2022 December 2022 Fiscal 2023 December 31, 2022 March 2023 Fiscal 2023 April 1, 2023 June 2023 Fiscal 2023 July 1, 2023 We prepared the accompanying interim Condensed Consolidated Financial Statements in accordance with the instructions for Form 10 10 X. not three nine June 2023 not may 2023. may may not 2023 may not 10 2022, Our Condensed Consolidated Financial Statements include the accounts of Delta Apparel and its wholly-owned and majority-owned domestic and foreign subsidiaries. We apply the equity method of accounting for our investment in 31% of the outstanding capital stock of a Honduran company. During the nine June 2023 June 2022, $1.2 $1.1 nine June 2023 June 2022, We make available copies of materials we file with, or furnish to, the SEC free of charge at https://ir.deltaapparelinc.com. The information found on our website is not no 2750 100, 30097. 864 232 5200,

Note B - Accounting Policies

Note B - Accounting Policies	9 Months Ended
	Jul. 01, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Our accounting policies are consistent with those described in our Significant Accounting Policies in our Annual Report on Form 10 2022,

Note C - New Accounting Standar

Note C - New Accounting Standards	9 Months Ended
	Jul. 01, 2023
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	Standards Not In June 2016, No. 2016 13, Financial Instruments - Credit Losses (Topic 326 2016 13” 2016 13, 326, Credit Losses 326” 326 2024. 326

Note D - Revenue Recognition

Note D - Revenue Recognition	9 Months Ended
	Jul. 01, 2023
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	Our Condensed Consolidated Statements of Operations include revenue streams from retail sales at our branded retail stores; direct-to-consumer ecommerce sales on our consumer-facing websites; and sales from wholesale channels, which includes our business-to-business ecommerce and DTG2Go Three Months Ended June 2023 June 2022 Retail $ 4,830 5 % $ 4,412 3 % Direct-to-consumer ecommerce 1,870 2 % 1,145 1 % Wholesale 99,619 93 % 121,318 96 % Net sales $ 106,319 100 % $ 126,875 100 % Nine Months Ended June 2023 June 2022 Retail $ 11,441 4 % $ 9,685 3 % Direct-to-consumer ecommerce 4,542 1 % 3,199 1 % Wholesale 307,966 95 % 356,435 96 % Net sales $ 323,949 100 % $ 369,319 100 % The table below provides net sales by reportable segment and the percentage of net sales by distribution channel for each reportable segment (in thousands): Three Months Ended June 2023 Net Sales Retail Direct-to-consumer ecommerce Wholesale Delta Group $ 89,118 0.0 % 0.4 % 99.6 % Salt Life Group 17,201 28.0 % 8.9 % 63.1 % Total $ 106,319 Three Months Ended June 2022 Net Sales Retail Direct-to-consumer ecommerce Wholesale Delta Group $ 106,020 0.1 % 0.4 % 99.5 % Salt Life Group 20,855 20.8 % 3.4 % 75.8 % Total $ 126,875 Nine Months Ended June 2023 Net Sales Retail Direct-to-consumer ecommerce Wholesale Delta Group $ 277,471 0.1 % 0.3 % 99.6 % Salt Life Group 46,478 24.4 % 8.2 % 67.4 % Total $ 323,949 Nine Months Ended June 2022 Net Sales Retail Direct-to-consumer ecommerce Wholesale Delta Group $ 323,276 0.1 % 0.3 % 99.6 % Salt Life Group 46,043 20.3 % 5.0 % 74.7 % Total $ 369,319

Note E - Inventories

Note E - Inventories	9 Months Ended
	Jul. 01, 2023
Notes to Financial Statements
Inventory Disclosure [Text Block]	Inventories, net of reserves of $14.0 million and $17.7 million as of June 2023 September 2022, June 2023 September 2022 Raw materials $ 20,500 $ 22,603 Work in process 18,684 23,501 Finished goods 187,012 202,434 $ 226,196 $ 248,538 Raw materials include finished yarn and direct materials for the Delta Group, undecorated garments for the DTG2Go

Note F - Debt

Note F - Debt	9 Months Ended
	Jul. 01, 2023
Notes to Financial Statements
Long-Term Debt [Text Block]	Note F—Debt Credit Facility On May 10, 2016, DTG2Go, November 27, 2017, March 9, 2018, October 8, 2018, November 19, 2019, April 27, 2020, August 28, 2020, June 2, 2022, January 3, 2023, February 3, 2023, March 23, 2023. On June 2, 2022, 1 3 not On January 3, 2023, On February 3, 2023, September 30, 2023, April 1, 2023, April 2, 2023 June 4, 2023, June 5, 2023, September 30, 2023, $10,000,000; $0; three March 4, 2023; ( On March 23, 2023, The Amended Credit Agreement allows us to borrow up to $170 million (subject to borrowing base limitations), including a maximum of $25 million in letters of credit. Provided that no 470, not As of June 2023, $126.4 7.8% $14.4 June 2023 September 2022, $16.4 Honduran Debt Since March 2011, December 2020, five May 2022, five first not El Salvador Debt In September 2022, five first not March 2023 Additional information about these loans and the outstanding balances as of June 2023 June 2023 Revolving credit facility with Banco Ficohsa, a Honduran bank, with interest at 7.9 August 2025 $ 3,909 Term loan with Banco Ficohsa, a Honduran bank, interest at 7.75 December 2025 5,072 Term loan with Banco Ficohsa, a Honduran bank, interest at 7.75 May 2027 3,308 Term loan with Banco Ficohsa, a Panamanian bank, interest at the prevailing market rate within the Panamanian Banking Market, monthly installments which began October 2022 and are due through August 2027 2,627

Note G - Selling, General and A

Note G - Selling, General and Administrative Expense	9 Months Ended
	Jul. 01, 2023
Notes to Financial Statements
Selling General And Administrative Expense [Text Block]	Note G—Selling, General and Administrative Expense We include in selling, general and administrative ("SG&A") expenses the costs incurred subsequent to the receipt of finished goods at our distribution facilities, such as the cost of stocking, warehousing, picking, packing, and shipping goods for delivery to our customers. Distribution costs included in SG&A expenses totaled $5.2 million and $5.6 million for the June 2023 June 2022 nine June 2023 June 2022,

Note H - Stock-based Compensati

Note H - Stock-based Compensation	9 Months Ended
	Jul. 01, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	Note H—Stock-Based Compensation On February 6, 2020, 2020 "2020 2010 February 4, 2015, September 14, 2020. 2020 2020 may 2020 not 2020 2020 2010 2020 may 2020 August 2, 2023, 2020 5 10 Compensation expense is recorded within SG&A in our Condensed Consolidated Statements of Operations over the vesting periods. During the June 2023 June 2022 three June 2023 June 2022. nine June 2023 June 2022, nine June 2023 June 2022. During the December 2022 10 2022 During the December 2022 As of June 2023, 2020

Note I - Purchase Contracts

Note I - Purchase Contracts	9 Months Ended
	Jul. 01, 2023
Notes to Financial Statements
Commitments Disclosure [Text Block]	Note I—Purchase Contracts We have entered into agreements, and have fixed prices, to purchase yarn, finished fabric, and finished apparel and headwear products. At June 2023, Yarn $ 19,123 Finished fabric 1,952 Finished products 7,542 $ 28,617

Note J - Business Segments

Note J - Business Segments	9 Months Ended
	Jul. 01, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note J—Business Segments Our operations are managed and reported in two The Delta Group is comprised of the following business units, which are primarily focused on core activewear styles: DTG2Go DTG2Go DTG2Go’s DTG2Go 24 48 100 DTG2Go DTG2Go Delta Activewear is a preferred supplier of activewear apparel to regional and global brands as well as direct-to-retail and wholesale markets. The Activewear business is organized around three third The iconic Soffe brand offers activewear for spirit makers and record breakers and is widely known for the original "cheer short" with the signature roll-down waistband. Soffe carries a wide range of activewear for the entire family. Soffe's heritage is anchored in the military, and we continue to be a proud supplier to both active duty and veteran United States military personnel worldwide. The Soffe men's assortment features the tagline "anchored in the military, grounded in training" and offers everything from physical training gear certified by the respective branches of the military, classic base layers that include the favored 3 www.soffe.com Our Global Brands channel serves as a key supply chain partner to large multi-national brands, major branded sportswear companies, trendy regional brands, and all branches of the United States armed forces, providing services ranging from custom product development to the shipment of branded products with “retail-ready” value-added services including embellishment, hangtags, and ticketing. Our Retail Direct channel serves brick and mortar and online retailers by providing our portfolio of Delta, Delta Platinum, and Soffe products directly to the retail locations and ecommerce fulfillment centers of a diversified customer base including sporting goods and outdoor retailers, specialty and resort shops, farm and fleet stores, department stores, and mid-tier and mass retailers. As a key element of the integrated Delta Group segment, each of Activewear’s primary channels offer a seamless solution for replenishment strategies, small-run decoration needs, and quick reaction programs with on-demand digital print services, powered by DTG2Go. The Salt Life Group is comprised of our Salt Life business, which is built on the authentic, aspirational Salt Life lifestyle brand that represents a passion for the ocean, the salt air, and, more importantly, a way of life and all it offers, from surfing, fishing, and diving to beach fun and sun-soaked relaxation. The Salt Life brand combines function and fashion with a tailored fit for the active lifestyles of those that “live the Salt Life.” With increased worldwide appeal, Salt Life has continued to provide the cotton graphic tees and logo decals that originally drove awareness for the brand, and expanded into performance apparel, swimwear, board shorts, sunglasses, bags, and accessories. Consumers can also seamlessly experience the Salt Life brand through retail partners including surf shops, specialty stores, department stores, and outdoor merchants or by accessing our Salt Life ecommerce site at www.saltlife.com Our chief operating decision maker and management evaluate performance and allocate resources based on profit or loss from operations before interest, income taxes and special charges ("segment operating earnings"). Our segment operating earnings may not 2 10 2022, Three Months Ended Nine Months Ended June 2023 June 2022 June 2023 June 2022 Segment net sales: Delta Group $ 89,118 $ 106,020 $ 277,471 $ 323,276 Salt Life Group 17,201 20,855 46,478 46,043 Total net sales $ 106,319 $ 126,875 $ 323,949 $ 369,319 Segment operating earnings: Delta Group $ (3,616 ) $ 10,701 $ (10,974 ) $ 33,557 Salt Life Group 1,642 3,574 6,509 7,037 Total segment operating (loss) earnings $ (1,974 ) $ 14,275 $ (4,465 ) $ 40,594 The following table reconciles the segment operating (loss) earnings to the consolidated earnings before (benefit from) provision for income taxes (in thousands): Three Months Ended Nine Months Ended June 2023 June 2022 June 2023 June 2022 Segment operating (loss) earnings $ (1,974 ) $ 14,275 $ (4,465 ) $ 40,594 Unallocated corporate expenses 2,487 4,980 7,973 11,041 Unallocated interest expense 4,049 1,971 10,662 5,370 Consolidated (loss) earnings before (benefit from) provision for income taxes $ (8,510 ) $ 7,324 $ (23,100 ) $ 24,183

Note K - Income Taxes

Note K - Income Taxes	9 Months Ended
	Jul. 01, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note K—Income Taxes The Tax Cuts and Jobs Act of 2017 December 22, 2017, eight 163 50% 163 not 30% 163 not Our effective income tax rate on operations for the nine June 2023 2022.

Note L - Derivatives and Fair V

Note L - Derivatives and Fair Value Measurements	9 Months Ended
	Jul. 01, 2023
Notes to Financial Statements
Derivatives and Fair Value [Text Block]	Note L—Derivatives and Fair Value Measurements From time to time, we may not June 2023, none June 2023 Notional Effective Date Amount Fixed LIBOR Rate Maturity Date Interest Rate Swap July 25, 2018 $20.0 million 3.18% July 25, 2023 The following table summarizes the fair value and presentation in the Condensed Consolidated Balance Sheets for derivatives related to our interest swap agreements as of June 2023 September 2022 ( June 2023 September 2022 Deferred tax assets $ (7 ) $ (48 ) Other assets 28 189 Accumulated other comprehensive gain $ 21 $ 141 From time to time, we may not No June 2023 September 2022. ASC 820, Fair Value Measurements and Disclosures 820” three ○ Level 1 ○ Level 2 ○ Level 3 no The following financial liabilities are measured at fair value on a recurring basis (in thousands): Fair Value Measurements Using Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Period Ended Total (Level 1) (Level 2) (Level 3) Interest Rate Swaps June 2023 $ 21 — $ 21 — September 2022 $ 141 — $ 141 — The fair value of the interest rate swap agreements was derived from a discounted cash flow analysis based on the terms of the contract and the forward interest rate curves adjusted for our credit risk, which fall in Level 2 June 2023 September 2022, 2

Note M - Legal Proceedings

Note M - Legal Proceedings	9 Months Ended
	Jul. 01, 2023
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	Note M—Legal Proceedings At times, we are party to various legal claims, actions and complaints. We believe that, as a result of legal defenses, insurance arrangements, and indemnification provisions with parties believed to be financially capable, such actions should not

Note N - Repurchase of Common S

Note N - Repurchase of Common Stock	9 Months Ended
	Jul. 01, 2023
Notes to Financial Statements
Treasury Stock [Text Block]	Note N—Repurchase of Common Stock As of September 28, 2019, not June 2023 June 2023, 10b 18. June 2023, not

Note O - Goodwill and Intangibl

Note O - Goodwill and Intangible Assets	9 Months Ended
	Jul. 01, 2023
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note O—Goodwill and Intangible Assets Components of intangible assets consist of the following (in thousands): June 2023 September 2022 Cost Accumulated Amortization Net Value Cost Accumulated Amortization Net Value Economic Life Goodwill $ 37,897 $ — $ 37,897 $ 37,897 $ — $ 37,897 N/A Intangibles: Tradename/trademarks $ 16,000 $ (5,251 ) $ 10,749 $ 16,000 $ (4,851 ) $ 11,149 20 – 30 yrs Customer relationships 7,400 (3,768 ) 3,632 7,400 (3,213 ) 4,187 20 yrs Technology 10,083 (3,284 ) 6,799 10,083 (2,610 ) 7473 10 yrs License agreements 2,100 (1,017 ) 1,083 2,100 (940 ) 1,160 15 – 30 yrs Non-compete agreements 1,657 (1,656 ) 1 1,657 (1,600 ) 57 4 – 8.5 yrs Total intangibles $ 37,240 $ (14,976 ) $ 22,264 $ 37,240 $ (13,214 ) $ 24,026 Goodwill represents the acquired goodwill net of the $0.6 million impairment losses recorded in fiscal year 2011. June 2023, Depending on the type of intangible asset, amortization is recorded under cost of goods sold or selling, general and administrative expenses. Amortization expense for intangible assets for the June 2023 June 2022 nine June 2023 June 2022 September 2023, $2.3 September 2024 2025, September 2026 2027.

Note P - Subsequent Events

Note P - Subsequent Events	9 Months Ended
	Jul. 01, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	Note P—Subsequent Events None.

Note D - Revenue Recognition (T

Note D - Revenue Recognition (Tables)	9 Months Ended
	Jul. 01, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended June 2023 June 2022 Retail $ 4,830 5 % $ 4,412 3 % Direct-to-consumer ecommerce 1,870 2 % 1,145 1 % Wholesale 99,619 93 % 121,318 96 % Net sales $ 106,319 100 % $ 126,875 100 % Nine Months Ended June 2023 June 2022 Retail $ 11,441 4 % $ 9,685 3 % Direct-to-consumer ecommerce 4,542 1 % 3,199 1 % Wholesale 307,966 95 % 356,435 96 % Net sales $ 323,949 100 % $ 369,319 100 % Three Months Ended June 2023 Net Sales Retail Direct-to-consumer ecommerce Wholesale Delta Group $ 89,118 0.0 % 0.4 % 99.6 % Salt Life Group 17,201 28.0 % 8.9 % 63.1 % Total $ 106,319 Three Months Ended June 2022 Net Sales Retail Direct-to-consumer ecommerce Wholesale Delta Group $ 106,020 0.1 % 0.4 % 99.5 % Salt Life Group 20,855 20.8 % 3.4 % 75.8 % Total $ 126,875 Nine Months Ended June 2023 Net Sales Retail Direct-to-consumer ecommerce Wholesale Delta Group $ 277,471 0.1 % 0.3 % 99.6 % Salt Life Group 46,478 24.4 % 8.2 % 67.4 % Total $ 323,949 Nine Months Ended June 2022 Net Sales Retail Direct-to-consumer ecommerce Wholesale Delta Group $ 323,276 0.1 % 0.3 % 99.6 % Salt Life Group 46,043 20.3 % 5.0 % 74.7 % Total $ 369,319

Note E - Inventories (Tables)

Note E - Inventories (Tables)	9 Months Ended
	Jul. 01, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	June 2023 September 2022 Raw materials $ 20,500 $ 22,603 Work in process 18,684 23,501 Finished goods 187,012 202,434 $ 226,196 $ 248,538

Note F - Debt (Tables)

Note F - Debt (Tables)	9 Months Ended
	Jul. 01, 2023
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	June 2023 Revolving credit facility with Banco Ficohsa, a Honduran bank, with interest at 7.9 August 2025 $ 3,909 Term loan with Banco Ficohsa, a Honduran bank, interest at 7.75 December 2025 5,072 Term loan with Banco Ficohsa, a Honduran bank, interest at 7.75 May 2027 3,308 Term loan with Banco Ficohsa, a Panamanian bank, interest at the prevailing market rate within the Panamanian Banking Market, monthly installments which began October 2022 and are due through August 2027 2,627

Note I - Purchase Contracts (Ta

Note I - Purchase Contracts (Tables)	9 Months Ended
	Jul. 01, 2023
Notes Tables
Long-Term Purchase Commitment [Table Text Block]	Yarn $ 19,123 Finished fabric 1,952 Finished products 7,542 $ 28,617

Note J - Business Segments (Tab

Note J - Business Segments (Tables)	9 Months Ended
	Jul. 01, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Nine Months Ended June 2023 June 2022 June 2023 June 2022 Segment net sales: Delta Group $ 89,118 $ 106,020 $ 277,471 $ 323,276 Salt Life Group 17,201 20,855 46,478 46,043 Total net sales $ 106,319 $ 126,875 $ 323,949 $ 369,319 Segment operating earnings: Delta Group $ (3,616 ) $ 10,701 $ (10,974 ) $ 33,557 Salt Life Group 1,642 3,574 6,509 7,037 Total segment operating (loss) earnings $ (1,974 ) $ 14,275 $ (4,465 ) $ 40,594
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Three Months Ended Nine Months Ended June 2023 June 2022 June 2023 June 2022 Segment operating (loss) earnings $ (1,974 ) $ 14,275 $ (4,465 ) $ 40,594 Unallocated corporate expenses 2,487 4,980 7,973 11,041 Unallocated interest expense 4,049 1,971 10,662 5,370 Consolidated (loss) earnings before (benefit from) provision for income taxes $ (8,510 ) $ 7,324 $ (23,100 ) $ 24,183

Note L - Derivatives and Fair_2

Note L - Derivatives and Fair Value Measurements (Tables)	9 Months Ended
	Jul. 01, 2023
Notes Tables
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]	Notional Effective Date Amount Fixed LIBOR Rate Maturity Date Interest Rate Swap July 25, 2018 $20.0 million 3.18% July 25, 2023
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	June 2023 September 2022 Deferred tax assets $ (7 ) $ (48 ) Other assets 28 189 Accumulated other comprehensive gain $ 21 $ 141
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	Fair Value Measurements Using Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Period Ended Total (Level 1) (Level 2) (Level 3) Interest Rate Swaps June 2023 $ 21 — $ 21 — September 2022 $ 141 — $ 141 —

Note O - Goodwill and Intangi_2

Note O - Goodwill and Intangible Assets (Tables)	9 Months Ended
	Jul. 01, 2023
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	June 2023 September 2022 Cost Accumulated Amortization Net Value Cost Accumulated Amortization Net Value Economic Life Goodwill $ 37,897 $ — $ 37,897 $ 37,897 $ — $ 37,897 N/A Intangibles: Tradename/trademarks $ 16,000 $ (5,251 ) $ 10,749 $ 16,000 $ (4,851 ) $ 11,149 20 – 30 yrs Customer relationships 7,400 (3,768 ) 3,632 7,400 (3,213 ) 4,187 20 yrs Technology 10,083 (3,284 ) 6,799 10,083 (2,610 ) 7473 10 yrs License agreements 2,100 (1,017 ) 1,083 2,100 (940 ) 1,160 15 – 30 yrs Non-compete agreements 1,657 (1,656 ) 1 1,657 (1,600 ) 57 4 – 8.5 yrs Total intangibles $ 37,240 $ (14,976 ) $ 22,264 $ 37,240 $ (13,214 ) $ 24,026

Note A - Description of Busin_2

Note A - Description of Business and Basis of Presentation (Details Textual) $ in Millions	9 Months Ended
	Jul. 01, 2023 USD ($)	Jul. 02, 2022 USD ($)
Entity Number of Employees	7,100
Ceiba Textiles Manufacturing Facility Lease [Member]
Operating Lease, Payments	$ 1.3	$ 1.3
Honduran Equity Method Investment [Member]
Equity Method Investment, Ownership Percentage	31%
Proceeds from Equity Method Investment, Distribution	$ 1.2	$ 1.1

Note D - Revenue Recognition -

Note D - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Net sales	$ 106,319	$ 126,875	$ 323,949	$ 369,319
Sales in percentage	100%	100%	100%	100%
Delta Group [Member]
Net sales	$ 89,118	$ 106,020	$ 277,471	$ 323,276
Salt Life Group [Member]
Net sales	17,201	20,855	46,478	46,043
Retail [Member]
Net sales	$ 4,830	$ 4,412	$ 11,441	$ 9,685
Sales in percentage	5%	3%	4%	3%
Retail [Member] | Delta Group [Member]
Sales in percentage	0%	0.10%	0.10%	0.10%
Retail [Member] | Salt Life Group [Member]
Sales in percentage	28%	20.80%	24.40%	20.30%
Ecommerce [Member]
Net sales	$ 1,870	$ 1,145	$ 4,542	$ 3,199
Sales in percentage	2%	1%	1%	1%
Ecommerce [Member] | Delta Group [Member]
Sales in percentage	0.40%	0.40%	0.30%	0.30%
Ecommerce [Member] | Salt Life Group [Member]
Sales in percentage	8.90%	3.40%	8.20%	5%
Wholesale [Member]
Net sales	$ 99,619	$ 121,318	$ 307,966	$ 356,435
Sales in percentage	93%	96%	95%	96%
Wholesale [Member] | Delta Group [Member]
Sales in percentage	99.60%	99.50%	99.60%	99.60%
Wholesale [Member] | Salt Life Group [Member]
Sales in percentage	63.10%	75.80%	67.40%	74.70%

Note E - Inventories (Details T

Note E - Inventories (Details Textual) - USD ($) $ in Millions	Jul. 01, 2023	Oct. 01, 2022
Inventory Valuation Reserves	$ 14	$ 17.7

Note E - Inventories - Inventor

Note E - Inventories - Inventories (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Oct. 01, 2022
Raw materials	$ 20,500	$ 22,603
Work in process	18,684	23,501
Finished goods	187,012	202,434
Inventory, Net	$ 226,196	$ 248,538

Note F - Debt (Details Textual)

Note F - Debt (Details Textual)		1 Months Ended			9 Months Ended
	Jun. 02, 2022	Sep. 30, 2022 USD ($)	May 31, 2022 USD ($)	Dec. 31, 2020 USD ($)	Jul. 01, 2023 USD ($)	Jul. 02, 2022 USD ($)	Feb. 03, 2023 USD ($)	Jan. 03, 2023	Oct. 01, 2022 USD ($)	Aug. 28, 2020 USD ($)	Apr. 27, 2020
Repayments of Long-term Debt, Total					$ 367,723,000	$ 383,919,000
Banco Ficohsa [Member] | Term Loan Established December 2020 [Member]
Debt Instrument, Term (Year)				5 years
Repayments of Long-term Debt, Total				$ 1,100,000
Banco Ficohsa [Member] | Term Loan Established May 2022 [Member]
Debt Instrument, Term (Year)			5 years
Debt Instrument, Face Amount			$ 3,700,000
Banco Ficohsa [Member] | Term Loan Established September 2022 [Member]
Debt Instrument, Term (Year)		5 years
Debt Instrument, Face Amount		$ 3,000,000
Revolving Credit Facility [Member] | Banco Ficohsa [Member] | Line of Credit [Member]
Repayments of Long-term Debt, Total				$ 9,500,000
Amended Credit Agreement [Member] | Revolving Credit Facility [Member]
SOFR Floor Rate	0%
Debt Instrument, Term (Year)	5 years
Debt Covenant Fixed Charge Coverage Ratio Term (Month)	12 months
Fixed Charge Coverage Ratio Requirement	1										1.1
Increased Reporting Event, Includes of Lesser of Borrowing Base and Maximum Revolver Amount, Percentage								12.50%
Increased Reporting Event, Includes Line Cap, Percentage								12.50%
Line of Credit Facility, Minimum Available Threshold One							$ 7,500,000
Line of Credit Facility, Minimum Available Threshold Two							9,000,000
Line of Credit Facility, Minimum Available Threshold Three							10,000,000
Line of Credit Facility, Minimum Available Threshold Four							$ 0
Line of Credit Facility, Increase in Applicable Margin							0.50%
Line of Credit Facility, Cash Dominion Trigger Event							$ 2,000,000
Line of Credit Facility, Maximum Borrowing Capacity										$ 170,000,000
Line Of Credit Facility Maximum Capacity For Capital Leases										25,000,000
Line of Credit Facility Including Additional Borrowing Capacity Maximum										$ 200,000,000
Long-Term Line of Credit					$ 126,400,000
Line of Credit Facility, Interest Rate During Period					7.80%
Line of Credit Facility, Remaining Borrowing Capacity					$ 14,400,000
Amended Credit Agreement [Member] | Revolving Credit Facility [Member] | One Month SOFR [Member]
Debt Instrument, Basis Spread on Variable Rate	0.10%
Amended Credit Agreement [Member] | Revolving Credit Facility [Member] | Three Month SOFR [Member]
Debt Instrument, Basis Spread on Variable Rate	0.15%
Amended Credit Agreement [Member] | Letter of Credit [Member]
Retained Earnings Amount Available For Dividends And Stock Repurchases					$ 16,400,000				$ 24,900,000

Note F - Debt - Long-term Debt

Note F - Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Oct. 01, 2022
Long-term debt	$ 131,461	$ 136,750
Line of Credit [Member] | Revolving Credit Facility [Member] | Banco Ficohsa [Member]
Long-term debt	3,909
Term Loan Established December 2020 [Member]
Long-term debt	5,072
Term Loan Established May 2022 [Member]
Long-term debt	3,308
Term Loan Established September 2022 [Member]
Long-term debt	$ 2,627

Note F - Debt - Long-term Deb_2

Note F - Debt - Long-term Debt (Details) (Parentheticals)	Jul. 01, 2023
Line of Credit [Member] | Revolving Credit Facility [Member] | Banco Ficohsa [Member]
Long-term debt, interest rate	7.90%
Long-term debt, maturity date	Aug. 31, 2025
Term Loan Established December 2020 [Member]
Long-term debt, interest rate	7.75%
Long-term debt, maturity date	Dec. 31, 2025
Term Loan Established May 2022 [Member]
Long-term debt, interest rate	7.75%
Long-term debt, maturity date	May 31, 2027
Term Loan Established September 2022 [Member]
Long-term debt, maturity date	Aug. 31, 2027

Note G - Selling, General and_2

Note G - Selling, General and Administrative Expense (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Production and Distribution Costs	$ 5.2	$ 5.6	$ 16.3	$ 16.8

Note H - Stock-based Compensa_2

Note H - Stock-based Compensation (Details Textual) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Jul. 01, 2023	Dec. 31, 2022	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Share-Based Payment Arrangement, Expense	$ 0.6		$ 1.1	$ 1.6	$ 2.4
Share-Based Payment Arrangement, Expense, Tax Benefit	0.2		$ 0.2	0.5	$ 0.4
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)		105,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares)		18,000
Performance Stock Unit [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares)		5,000
The 2020 Stock Plan [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 2			$ 2
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)				2 years 4 months 24 days

Note I - Purchase Contracts - M

Note I - Purchase Contracts - Minimum Payments Under Contracts (Details) $ in Thousands	Jul. 01, 2023 USD ($)
Outstanding minimum payments	$ 28,617
Yarn [Member]
Outstanding minimum payments	19,123
Finished Fabric [Member]
Outstanding minimum payments	1,952
Finished Products [Member]
Outstanding minimum payments	$ 7,542

Note J - Business Segments (Det

Note J - Business Segments (Details Textual)	9 Months Ended
	Jul. 01, 2023
Number of Operating Segments	2

Note J - Business Segments - Sc

Note J - Business Segments - Schedule of Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Net sales		$ 106,319	$ 126,875	$ 323,949	$ 369,319
Segment operating income		(4,461)	9,295	(12,438)	29,553
Delta Group [Member]
Net sales		89,118	106,020	277,471	323,276
Salt Life Group [Member]
Net sales		17,201	20,855	46,478	46,043
Operating Segments [Member]
Net sales		106,319	126,875	323,949	369,319
Segment operating income		(1,974)	14,275	(4,465)	40,594
Operating Segments [Member] | Delta Group [Member]
Net sales		89,118	106,020	277,471	323,276
Segment operating income	[1]	(3,616)	10,701	(10,974)	33,557
Operating Segments [Member] | Salt Life Group [Member]
Net sales		17,201	20,855	46,478	46,043
Segment operating income		$ 1,642	$ 3,574	$ 6,509	$ 7,037
[1]In fiscal 2021, the Delta Group operating earnings included $1.3 million of expense, reported within "Other loss (income), net", related to two catastrophic hurricanes that disrupted operations during the December 2020 quarter.

Note J - Business Segments - Se

Note J - Business Segments - Segment Operating Income to the Consolidated Income Before Provision for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Segment operating (loss) earnings	$ (4,461)	$ 9,295	$ (12,438)	$ 29,553
Unallocated corporate expenses	18,491	22,416	56,658	59,613
Unallocated interest expense	4,049	1,971	10,662	5,370
Consolidated (loss) earnings before (benefit from) provision for income taxes	(8,510)	7,324	(23,100)	24,183
Corporate, Non-Segment [Member]
Segment operating (loss) earnings	(1,974)	14,275	(4,465)	40,594
Unallocated corporate expenses	2,487	4,980	7,973	11,041
Unallocated interest expense	4,049	1,971	10,662	5,370
Consolidated (loss) earnings before (benefit from) provision for income taxes	$ (8,510)	$ 7,324	$ (23,100)	$ 24,183

Note K - Income Taxes (Details

Note K - Income Taxes (Details Textual)	9 Months Ended		12 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Oct. 01, 2022
Effective Income Tax Rate Reconciliation, Percent	27%	17.20%	17.90%

Note L - Derivatives and Fair_3

Note L - Derivatives and Fair Value Measurements - Outstanding Instruments (Details) - Interest Rate Swap Maturing July 25, 2023 [Member] $ in Millions	Jul. 01, 2023 USD ($)
Notional amount	$ 20
Fixed LIBOR Rate	3.18%

Note L - Derivatives and Fair_4

Note L - Derivatives and Fair Value Measurements - Fair Value of Derivative Instruments (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Oct. 01, 2022
Deferred Tax Assets [Member]
Derivative assets (liabilities)	$ (7)	$ (48)
Other Assets [Member]
Derivative assets (liabilities)	28	189
Accumulated Other Comprehensive Income (Loss) [Member]
Derivative assets (liabilities)	$ 21	$ 141

Note L - Derivatives and Fair_5

Note L - Derivatives and Fair Value Measurements - Financial Assets (Liabilities) Measured at Fair Value (Details) - Interest Rate Swap [Member] - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Jul. 01, 2023	Oct. 01, 2022
Derivative Liabilities	$ 21	$ 141
Fair Value, Inputs, Level 1 [Member]
Derivative Liabilities	0	0
Fair Value, Inputs, Level 2 [Member]
Derivative Liabilities	21	141
Fair Value, Inputs, Level 3 [Member]
Derivative Liabilities	$ 0	$ 0

Note N - Repurchase of Common_2

Note N - Repurchase of Common Stock (Details Textual) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended	45 Months Ended
	Jul. 02, 2022	Apr. 02, 2022	Jan. 01, 2022	Jul. 01, 2023	Jul. 01, 2023	Sep. 28, 2019
Stock Repurchase Program, Authorized Amount						$ 60,000
Treasury Stock, Shares, Acquired (in shares)				0	3,735,114
Treasury Stock, Value, Acquired, Cost Method	$ 968	$ 846	$ 2,143		$ 56,400
Stock Repurchase Program, Remaining Authorized Repurchase Amount				$ 3,600	$ 3,600

Note O - Goodwill and Intangi_3

Note O - Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022	Oct. 01, 2022
Goodwill, Acquired During Period			$ 600
Goodwill, Ending Balance	$ 37,897		37,897		$ 37,897
Amortization of Intangible Assets	600	$ 600	1,800	$ 1,800
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	2,300		2,300
Finite-Lived Intangible Asset, Expected Amortization, Year One	2,300		2,300
Finite-Lived Intangible Asset, Expected Amortization, Year Two	2,300		2,300
Finite-Lived Intangible Asset, Expected Amortization, Year Three	2,200		2,200
Finite-Lived Intangible Asset, Expected Amortization, Year Four	2,200		2,200
Finite-Lived Intangible Asset, Expected Amortization, Year Five	2,200		2,200
Delta Group [Member]
Goodwill, Ending Balance	18,000		18,000
Salt Life Group [Member]
Goodwill, Ending Balance	$ 19,900		$ 19,900

Note O - Goodwill and Intangi_4

Note O - Goodwill and Intangible Assets - Goodwill and Components of Intangible Assets (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Oct. 01, 2022
Goodwill, cost	$ 37,897	$ 37,897
Goodwill	37,897	37,897
Intangibles, Cost	37,240	37,240
Intangibles, Accumulated Amortization	(14,976)	(13,214)
Intangibles, Net Value	22,264	24,026
Trademarks and Trade Names [Member]
Intangibles, Cost	16,000	16,000
Intangibles, Accumulated Amortization	(5,251)	(4,851)
Intangibles, Net Value	$ 10,749	11,149
Trademarks and Trade Names [Member] | Minimum [Member]
Economic Life (Year)	20 years
Customer Relationships [Member]
Intangibles, Cost	$ 7,400	7,400
Intangibles, Accumulated Amortization	(3,768)	(3,213)
Intangibles, Net Value	$ 3,632	4,187
Economic Life (Year)	20 years
Technology-Based Intangible Assets [Member]
Intangibles, Cost	$ 10,083	10,083
Intangibles, Accumulated Amortization	(3,284)	(2,610)
Intangibles, Net Value	$ 6,799	7,473
Economic Life (Year)	10 years
Licensing Agreements [Member]
Intangibles, Cost	$ 2,100	2,100
Intangibles, Accumulated Amortization	(1,017)	(940)
Intangibles, Net Value	$ 1,083	1,160
Licensing Agreements [Member] | Minimum [Member]
Economic Life (Year)	15 years
Noncompete Agreements [Member]
Intangibles, Cost	$ 1,657	1,657
Intangibles, Accumulated Amortization	(1,656)	(1,600)
Intangibles, Net Value	$ 1	$ 57
Noncompete Agreements [Member] | Minimum [Member]
Economic Life (Year)	4 years