Ingles Markets (IMKTA) 10-Q 4 Aug 22 2022 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jun. 25, 2022	Aug. 01, 2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 25, 2022
Document Transition Report	false
Entity File Number	0-14706
Entity Registrant Name	INGLES MARKETS, INCORPORATED
Entity Incorporation, State or Country Code	NC
Entity Tax Identification Number	56-0846267
Entity Address, Address Line One	P.O. Box 6676
Entity Address, City or Town	Asheville
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28816
City Area Code	828
Local Phone Number	669-2941
Title of 12(b) Security	Class A Common Stock, $0.05 par value per share
Trading Symbol	IMKTA
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Current Fiscal Year End Date	--09-24
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Entity Central Index Key	0000050493
Amendment Flag	false
Class A Common Stock
Entity Common Stock, Shares Outstanding		14,372,410
Class B Common Stock
Entity Common Stock, Shares Outstanding		4,621,966

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 25, 2022	Sep. 25, 2021
Current Assets:
Cash and cash equivalents	$ 126,047,581	$ 70,313,350
Short term investments	115,210,267	5,000,000
Receivables - net	99,366,859	95,082,014
Inventories	418,570,247	389,953,456
Other current assets	19,906,759	15,091,595
Total current assets	779,101,713	575,440,415
Property and equipment – net	1,357,265,904	1,370,769,432
Operating lease right of use assets	38,263,784	40,145,098
Other assets	40,765,038	31,989,010
Total assets	2,215,396,439	2,018,343,955
Current Liabilities:
Current portion of long-term debt	17,619,769	17,600,739
Current portion of operating lease liabilities	7,964,891	8,635,998
Accounts payable - trade	211,930,958	189,432,027
Accrued expenses and current portion of other long-term liabilities	81,910,253	90,428,567
Total current liabilities	319,425,871	306,097,331
Deferred income taxes	75,307,000	72,768,000
Long-term debt	557,560,125	571,913,204
Noncurrent operating lease liabilities	32,393,387	33,887,935
Other long-term liabilities	41,878,813	50,418,947
Total liabilities	1,026,565,196	1,035,085,417
Stockholders’ Equity
Preferred stock, $0.05 par value; 10,000,000 shares authorized; no shares issued
Accumulated other comprehensive income (loss)	8,744,282	(3,426,140)
Retained earnings	1,179,137,242	985,734,959
Total stockholders’ equity	1,188,831,243	983,258,538
Total liabilities and stockholders’ equity	2,215,396,439	2,018,343,955
Class A Common Stock
Stockholders’ Equity
Common stocks	718,621	713,567
Class B Common Stock
Stockholders’ Equity
Common stocks	$ 231,098	$ 236,152

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 25, 2022	Sep. 25, 2021
Preferred stock, par value	$ 0.05	$ 0.05
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Class A Common Stock
Common stock, par value	$ 0.05	$ 0.05
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	14,372,410	14,271,335
Common stock, shares outstanding	14,372,410	14,271,335
Class B Common Stock
Common stock, par value	$ 0.05	$ 0.05
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	4,621,966	4,723,041
Common stock, shares outstanding	4,621,966	4,723,041

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income And Other Comprehensive Income - USD ($)	3 Months Ended		9 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 25, 2022	Jun. 26, 2021
Net sales	$ 1,458,166,802	$ 1,277,465,132	$ 4,226,814,981	$ 3,652,463,010
Cost of goods sold	1,106,287,695	939,999,706	3,175,829,075	2,690,309,051
Gross profit	351,879,107	337,465,426	1,050,985,906	962,153,959
Operating and administrative expenses	257,342,642	239,409,986	772,167,222	714,459,236
Gain from sale or disposal of assets	26,660	2,529,504	1,235,886	3,644,501
Income from operations	94,563,125	100,584,944	280,054,570	251,339,224
Other income, net	1,208,422	678,392	4,144,746	2,015,696
Interest expense	5,285,639	5,529,211	16,125,044	18,124,714
Loss on early extinguishment of debt		1,082,633		1,082,633
Income before income taxes	90,485,908	94,651,492	268,074,273	234,147,573
Income tax (benefit) expense	22,723,000	22,677,000	65,481,000	56,160,000
Net income	67,762,908	71,974,492	202,593,273	177,987,573
Other comprehensive income (loss):
Change in fair value of interest rate swap	4,341,122	(865,315)	16,104,422	8,654,299
Income tax (benefit) expense	(1,060,000)	211,000	(3,934,000)	(2,114,000)
Other comprehensive income (loss), net of tax	3,281,122	(654,315)	12,170,422	6,540,299
Comprehensive income	$ 71,044,030	$ 71,320,177	$ 214,763,695	$ 184,527,872
Class A Common Stock
Per share amounts:
Basic earnings per common share	$ 3.65	$ 3.88	$ 10.91	$ 9.22
Diluted earnings per common share	3.57	3.79	10.67	8.98
Cash dividends per common share	0.165	0.165	0.495	0.495
Class B Common Stock
Per share amounts:
Basic earnings per common share	3.32	3.52	9.92	8.38
Diluted earnings per common share	3.32	3.52	9.92	8.38
Cash dividends per common share	$ 0.150	$ 0.150	$ 0.450	$ 0.450

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Changes In Stockholders' Equity - USD ($)	Class A Common Stock Common Stock [Member]	Class B Common Stock Common Stock [Member]	Paid-in Capital in Excess of Par Value	Accumulated Other Comprehensive Loss [Member]	Retained Earnings	Total
Balance at Sep. 26, 2020	$ 710,618	$ 302,371	$ 12,311,249	$ (10,251,296)	$ 816,258,015	$ 819,330,957
Balance (in shares) at Sep. 26, 2020	14,212,360	6,047,416
Net income					53,824,087	53,824,087
Other comprehensive income (loss), net of income tax				2,088,738		2,088,738
Cash dividends					(3,252,151)	(3,252,151)
Common stock conversions	$ 409	$ (409)
Common stock conversions (in shares)	8,175	(8,175)
Balance at Dec. 26, 2020	$ 711,027	$ 301,962	12,311,249	(8,162,558)	866,829,951	871,991,631
Balance (in shares) at Dec. 26, 2020	14,220,535	6,039,241
Balance at Sep. 26, 2020	$ 710,618	$ 302,371	12,311,249	(10,251,296)	816,258,015	819,330,957
Balance (in shares) at Sep. 26, 2020	14,212,360	6,047,416
Net income						177,987,573
Other comprehensive income (loss), net of income tax						6,540,299
Balance at Jun. 26, 2021	$ 713,015	$ 236,704		(3,710,997)	917,054,134	914,292,856
Balance (in shares) at Jun. 26, 2021	14,260,285	4,734,091
Balance at Dec. 26, 2020	$ 711,027	$ 301,962	12,311,249	(8,162,558)	866,829,951	871,991,631
Balance (in shares) at Dec. 26, 2020	14,220,535	6,039,241
Net income					52,188,993	52,188,993
Other comprehensive income (loss), net of income tax				5,105,876		5,105,876
Cash dividends					(3,252,276)	(3,252,276)
Stock repurchases, at cost		$ (63,270)	$ (12,311,249)		(67,624,069)	(79,998,588)
Stock repurchases, at cost, Shares		(1,265,400)
Common stock conversions	$ 1,638	$ (1,638)
Common stock conversions (in shares)	32,750	(32,750)
Balance at Mar. 27, 2021	$ 712,665	$ 237,054		(3,056,682)	848,142,599	846,035,636
Balance (in shares) at Mar. 27, 2021	14,253,285	4,741,091
Net income					71,974,492	71,974,492
Other comprehensive income (loss), net of income tax				(654,315)		(654,315)
Cash dividends					(3,062,957)	(3,062,957)
Common stock conversions	$ 350	$ (350)
Common stock conversions (in shares)	7,000	(7,000)
Balance at Jun. 26, 2021	$ 713,015	$ 236,704		(3,710,997)	917,054,134	914,292,856
Balance (in shares) at Jun. 26, 2021	14,260,285	4,734,091
Balance at Sep. 25, 2021	$ 713,567	$ 236,152		(3,426,140)	985,734,959	983,258,538
Balance (in shares) at Sep. 25, 2021	14,271,335	4,723,041
Net income					66,189,018	66,189,018
Other comprehensive income (loss), net of income tax				1,410,887		1,410,887
Cash dividends					(3,063,227)	(3,063,227)
Common stock conversions	$ 1,665	$ (1,665)
Common stock conversions (in shares)	33,300	(33,300)
Balance at Dec. 25, 2021	$ 715,232	$ 234,487		(2,015,253)	1,048,860,750	1,047,795,216
Balance (in shares) at Dec. 25, 2021	14,304,635	4,689,741
Balance at Sep. 25, 2021	$ 713,567	$ 236,152		(3,426,140)	985,734,959	983,258,538
Balance (in shares) at Sep. 25, 2021	14,271,335	4,723,041
Net income						202,593,273
Other comprehensive income (loss), net of income tax						12,170,422
Balance at Jun. 25, 2022	$ 718,621	$ 231,098		8,744,282	1,179,137,242	1,188,831,243
Balance (in shares) at Jun. 25, 2022	14,372,410	4,621,966
Balance at Dec. 25, 2021	$ 715,232	$ 234,487		(2,015,253)	1,048,860,750	1,047,795,216
Balance (in shares) at Dec. 25, 2021	14,304,635	4,689,741
Net income					68,641,347	68,641,347
Other comprehensive income (loss), net of income tax				7,478,413		7,478,413
Cash dividends					(3,063,727)	(3,063,727)
Common stock conversions	$ 1,030	$ (1,030)
Common stock conversions (in shares)	20,600	(20,600)
Balance at Mar. 26, 2022	$ 716,262	$ 233,457		5,463,160	1,114,438,370	1,120,851,249
Balance (in shares) at Mar. 26, 2022	14,325,235	4,669,141
Net income					67,762,908	67,762,908
Other comprehensive income (loss), net of income tax				3,281,122		3,281,122
Cash dividends					(3,064,036)	(3,064,036)
Common stock conversions	$ 2,359	$ (2,359)
Common stock conversions (in shares)	47,175	(47,175)
Balance at Jun. 25, 2022	$ 718,621	$ 231,098		$ 8,744,282	$ 1,179,137,242	$ 1,188,831,243
Balance (in shares) at Jun. 25, 2022	14,372,410	4,621,966

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Cash Flows - USD ($)	9 Months Ended
	Jun. 25, 2022	Jun. 26, 2021
Cash Flows From Operating Activities:
Net income	$ 202,593,273	$ 177,987,573
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	88,523,700	90,909,221
Non cash operating lease cost	4,967,055	5,999,943
Gain from sale or disposal of assets	(1,235,886)	(3,644,501)
Loss on early extinguishment of debt		1,082,633
Receipt of advance payments on purchases contracts	2,106,709	1,531,731
Recognition of advance payments on purchases contracts	(2,239,005)	(2,203,915)
Deferred income taxes	(1,395,000)	(1,204,000)
Changes in operating assets and liabilities:
Receivables	(4,284,846)	(8,817,290)
Inventory	(28,616,791)	(13,676,873)
Other assets	(2,227,902)	596,821
Operating lease liabilities	(5,251,398)	(6,282,778)
Accounts payable and accrued expenses	8,662,244	(28,355,258)
Net Cash Provided By Operating Activities	261,602,153	213,923,307
Cash Flows From Investing Activities:
Purchase of short term investments	(110,210,267)	(295,000,000)
Proceeds from sales of property and equipment	1,610,401	6,508,215
Capital expenditures	(73,168,922)	(107,952,929)
Net Cash Used By Investing Activities	(181,768,788)	(396,444,714)
Cash Flows From Financing Activities:
Proceeds from short-term borrowings		653,623,780
Payments on short-term borrowings		(692,507,850)
Proceeds from issuance of bonds		350,000,000
Debt issuance costs		(5,239,937)
Principal payments on long-term borrowings	(14,908,144)	(16,222,945)
Stock repurchases		(79,998,588)
Dividends paid	(9,190,990)	(9,567,385)
Net Cash (Used) Provided by Financing Activities	(24,099,134)	200,087,075
Net Increase in Cash and Cash Equivalents	55,734,231	17,565,668
Cash and Cash Equivalents at Beginning of Period	70,313,350	6,903,955
Cash and Cash Equivalents at End of Period	$ 126,047,581	$ 24,469,623

Basis Of Preparation

Basis Of Preparation	9 Months Ended
	Jun. 25, 2022
Basis Of Preparation [Abstract]
Basis Of Preparation	A. BASIS OF PREPARATION In the opinion of management, the accompanying unaudited interim financial statements contain all adjustments necessary to present fairly the Company’s financial position as of June 25, 2022, and the results of operations and changes in stockholders’ equity for the three-month and nine-month periods ended June 25, 2022 and June 26, 2021, and cash flows for the nine months ended June 25, 2022 and June 26, 2021. The adjustments made are of a normal recurring nature. Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission for Form 10-Q. It is suggested that these unaudited interim financial statements be read in conjunction with the audited financial statements and the notes thereto included in the Annual Report on Form 10-K for the year ended September 25, 2021, filed by the Company under the Securities Exchange Act of 1934, on November 24, 2021. The results of operations for the three-month and nine-month periods ended June 25, 2022 are not necessarily indicative of the results to be expected for the full fiscal year.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Jun. 25, 2022
New Accounting Pronouncements [Abstract]
New Accounting Pronouncements	B. NEW ACCOUNTING PRONOUNCEMENTS In March 2020, the FASB issued ASU 2020-04, “ Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting .” The ASU provides optional guidance to ease the potential burden in accounting for reference rate reform on financial reporting in response to the risk of cessation of the London Interbank Offered Rate (“LIBOR”). This amendment provides for optional expedients and exceptions for applying generally accepted accounting principles to contracts and hedging relationships that are affected by LIBOR and other reference rates. The ASU generally allows for hedge accounting to continue if the hedge was highly effective or met other standards prior to reference rate reform. Entities are permitted to apply the amendments to all contracts, cash flow and net investment hedge relationships that exist as of March 12, 2020. The relief provided in this ASU is only available for a limited time, generally through December 31, 2022. The Company’s debt agreements and interest rate swaps that utilize LIBOR have not yet discontinued the use of LIBOR and, therefore, this ASU is not yet effective for us. To the extent our debt and interest rate swap arrangements change to another accepted rate, we will utilize the relief in this ASU to continue hedge accounting.

Short Term Investments

Short Term Investments	9 Months Ended
	Jun. 25, 2022
Short Term Investments [Abstract]
Short Term Investments	C. SHORT TERM INVESTMENTS The Company purchases financial products that can be readily converted into cash, and the Company accounts for such financial products as short-term investments. The financial products include money market funds, bonds and mutual funds. The carrying values of the Company’s short-term investments approximate fair value because of their liquidity.

Allowance For Doubtful Accounts

Allowance For Doubtful Accounts	9 Months Ended
	Jun. 25, 2022
Allowance For Doubtful Accounts [Abstract]
Allowance For Doubtful Accounts	D. ALLOWANCE FOR DOUBTFUL ACCOUNTS Receivables are presented net of an allowance for doubtful accounts of $ 602,000 at June 25, 2022 and $ 157,000 at September 25, 2021.

Income Taxes

Income Taxes	9 Months Ended
	Jun. 25, 2022
Income Taxes [Abstract]
Income Taxes	E. INCOME TAXES The Company’s effective tax rate differs from the federal statutory rate primarily as a result of state income taxes and tax credits. The Company has unrecognized tax benefits and could incur interest and penalties related to uncertain tax positions. These amounts are insignificant and are not expected to significantly increase or decrease within the next twelve months.

Accrued Expenses And Current Po

Accrued Expenses And Current Portion Of Other Long-Term Liabilities	9 Months Ended
	Jun. 25, 2022
Accrued Expenses And Current Portion Of Other Long-Term Liabilities [Abstract]
Accrued Expenses And Current Portion Of Other Long-Term Liabilities	F. ACCRUED EXPENSES AND CURRENT PORTION OF OTHER LONG-TERM LIABILITIES Accrued expenses and current portion of other long-term liabilities consist of the following: June 25, September 25, 2022 2021 Property, payroll and other taxes payable $ 19,991,186 $ 22,621,486 Salaries, wages and bonuses payable 43,679,662 45,890,517 Self-insurance liabilities 13,099,541 13,319,556 Interest payable 956,797 4,481,104 Other 4,183,067 4,115,904 $ 81,910,253 $ 90,428,567 Self-insurance liabilities are established for general liability claims, workers’ compensation and employee group medical and dental benefits based on claims filed and estimates of claims incurred but not reported. The Company is currently insured for covered costs in excess of $ 1.0 million per occurrence for workers’ compensation and for general liability and $ 450,000 per covered person for medical care benefits for a policy year. The Company’s self-insurance reserves totaled $ 31.0 million and $ 32.1 million at June 25, 2022 and September 25, 2021, respectively. Of this amount, $ 13.1 million is accounted for as a current liability and $ 17.9 million as a long-term liability, which is inclusive of $ 4.0 million of expected self-insurance recoveries from excess cost insurance or other sources that are recorded as a receivable at June 25, 2022. At September 25, 2021, $ 13.3 million was accounted for as a current liability and $ 18.8 million as a long-term liability, which is inclusive of $ 4.2 million of expected self-insurance recoveries from excess cost insurance or other sources that are recorded as a receivable. Employee insurance expense, including workers’ compensation and medical care benefits, net of employee contributions, totaled $ 7.9 million and $ 7.8 million for the three-month periods ended June 25, 2022 and June 26, 2021, respectively. For both the nine-month periods ended June 25, 2022 and June 26, 2021, employee insurance expense, net of employee contributions totaled $ 28.2 million. The Company’s fuel operations contain underground tanks for the storage of gasoline and diesel fuel. The Company reviewed FASB Accounting Standards Codification Topic 410 (“FASB ASC 410”) and determined we have a legal obligation to remove tanks at a point in the future and accordingly determined we have met the requirements of an asset retirement obligation. The Company followed the FASB ASC 410 model for determining the asset retirement cost and asset retirement obligation. The amounts recorded are immaterial for each fuel center as well as in the aggregate at June 25, 2022 and September 25, 2021.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Jun. 25, 2022
Long-Term Debt [Abstract]
Long-Term Debt	G. LONG-TERM DEBT In June 2021, the Company issued at par $ 350.0 million aggregate principal amount of 4.00 % senior notes due in 2031 (the “Notes”). The Company may redeem all or a portion of the Notes at any time at the following redemption prices (expressed as percentages of the principal amount), if redeemed during the 12-month period beginning June 15 of the years indicated below: Year 2026 102.000 % 2027 101.333 % 2028 100.667 % 2029 and thereafter 100.000 % The Company had a $ 175.0 million line of credit that was scheduled to mature in September 2022. In June 2021, the Company replaced that line by entering into a $ 150.0 million line of credit (the “Line”) that matures in June 2026. The Line provides the Company with various interest rate options based on the prime rate, the Federal Funds Rate, or LIBOR. The Line allows the Company to issue up to $ 10.0 million in letters of credit, of which none were issued at June 25, 2022. The Company is not required to maintain compensating balances in connection with the Line. At June 25, 2022, the Company had no borrowings outstanding under the Line. In December 2010, the Company completed the funding of $ 99.7 million of bonds (the “ Bonds”) for construction of new warehouse and distribution space adjacent to its existing space in Buncombe County, North Carolina (the “Project”). The final maturity date of the Bonds is January 1, 2036 . Under a Continuing Covenant and Collateral Agency Agreement (the “Covenant Agreement”) between certain financial institutions and the Company, the financial institutions would hold the Bonds until December 2029, subject to certain events. Mandatory redemption of the Bonds by the Company in the annual amount of $ 4.5 million began on January 1, 2014 . The outstanding balance of the Bonds was $ 59.0 million as of June 25, 2022. The Company may redeem the Bonds without penalty or premium at any time prior to December 17, 2029 . The Covenant Agreement was amended during the quarter ended December 25, 2021, to extend the holding period and reduce the interest rate on the Bonds. Interest earned by bondholders on the Bonds is exempt from Federal and North Carolina income taxation. The interest rate on the Bonds is equal to one-month LIBOR (adjusted monthly) plus a credit spread, adjusted to reflect the income tax exemption. The Company’s obligation to repay the Bonds is collateralized by the Project. The Covenant Agreement incorporates substantially all financial covenants included in the Line. In September 2017, the Company refinanced approximately $ 60 million of secured borrowing obligations with a LIBOR-based amortizing floating rate loan secured by real estate maturing in October 2027 . The Company has an interest rate swap agreement for a current notional amount of $ 32.0 million at a fixed rate of 3.92 %. Under this agreement, the Company pays monthly the fixed rate of 3.92 % and receives the one-month LIBOR plus 1.65 %. The interest rate swap effectively hedges floating rate debt in the same amount as the current notional amount of the interest swap. Both the floating rate debt and the interest rate swap have monthly principal amortization of $ 0.5 million and mature October 1, 2027 . In December 2019, the Company closed a $ 155 million LIBOR-based amortizing floating rate loan secured by real estate maturing in January 2030. The Company has an interest rate swap agreement for a current notional amount of $ 134.3 million at a fixed rate of 2.95 %. Under this agreement, the Company pays monthly the fixed rate of 2.95 % and receives the one-month LIBOR plus 1.50 %. The interest rate swap effectively hedges floating rate debt in the same amount as the current notional amount of the interest swap. Both the floating rate debt and the interest rate swap have monthly principal amortization of $ 0.65 million and mature in fiscal year 2030. The Company recognizes differences between the variable rate interest payments and the fixed interest rate settlements with the swap counterparties as an adjustment to interest expense each period over the life of the swaps. The Company has designated the swaps as cash flow hedges and records the changes in the estimated fair value of the swaps to other comprehensive income each period. For the three- and nine-month periods ended June 25, 2022, the Company recorded $ 3.3 million and $ 12.2 million of other comprehensive income, net of income taxes, respectively, in its Consolidated Statements of Comprehensive Income. Unrealized gains of $ 11.6 million are recorded as an asset at fair value in the line “Other Assets” on the Consolidated Balance Sheet as of June 25, 2022. For the three- and nine-month periods ended June 26, 2021, the Company recorded $ 0.7 million of other comprehensive loss and $ 6.5 million of other comprehensive income, net of income taxes, respectively, in its Consolidated Statements of Comprehensive Income. Unrealized losses of $ 4.9 million are recorded as a liability at fair value in the line “Other Long Term Liabilities” on the Consolidated Balance Sheet as of June 26, 2021. The Company’s long-term debt agreements generally contain provisions that under certain circumstances would permit lending institutions to terminate or withdraw their respective extensions of credit to the Company. Included among the triggering factors permitting the termination or withdrawal of the Line to the Company are certain events of default, including both monetary and non-monetary defaults, the initiation of bankruptcy or insolvency proceedings, and the failure of the Company to meet certain financial covenants designated in its respective loan documents. The Company was in compliance with all financial covenants at June 25, 2022. The Company’s long-term debt agreements generally have cross-default provisions which could result in the acceleration of payments due under all long-term debt agreements in the event of default under any one instrument. At June 25, 2022, property and equipment with an undepreciated cost of approximately $ 271.5 million was pledged as collateral for long-term debt. Long-term debt and Line agreements contain various restrictive covenants requiring, among other things, minimum levels of net worth and maintenance of certain financial ratios. At June 25, 2022, the Company had excess net worth totaling $ 340.0 million calculated under covenants in the Notes, the Bonds, the Loan, and the Line. This amount is available to pay dividends; however, certain loan agreements containing provisions outlining minimum tangible net worth requirements restrict the ability of the Company to pay cash dividends in excess of the current annual per share dividends paid on the Company’s Class A and Class B Common Stock. Further, the Company is prevented from paying cash dividends at any time that it is in default under the indenture governing the Notes. In addition, the terms of the indenture may restrict the ability of the Company to pay additional cash dividends based on certain financial parameters.

Dividends

Dividends	9 Months Ended
	Jun. 25, 2022
Dividends [Abstract]
Dividends	H. DIVIDENDS The Company paid cash dividends of $ 0.165 for each share of Class A Common Stock and $ 0.15 for each share of Class B Common Stock on October 14, 2021 to stockholders of record on October 7, 2021 . The Company paid cash dividends of $ 0.165 for each share of Class A Common Stock and $ 0.15 for each share of Class B Common Stock on January 13, 2022 to stockholders of record on January 6, 2022 . The Company paid cash dividends of $ 0.165 for each share of Class A Common Stock and $ 0.15 for each share of Class B Common Stock on April 14, 2022 to stockholders of record on April 7, 2022 . For additional information regarding the dividend rights of the Class A Common Stock and Class B Common Stock, please see Note 8, “Stockholders’ Equity” to the Consolidated Financial Statements contained in the Company’s Annual Report on Form 10-K filed by the Company under the Securities Exchange Act of 1934, on November 24, 2021.

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
	Jun. 25, 2022
Earnings Per Common Share [Abstract]
Earnings Per Common Share	I. EARNINGS PER COMMON SHARE The Company has two classes of common stock: Class A, which is publicly traded, and Class B, which has no public market. The Class B Common Stock has restrictions on transfer; however, each share is convertible into one share of Class A Common Stock at any time . Each share of Class A Common Stock has one vote per share and each share of Class B Common Stock has ten votes per share . Each share of Class A Common Stock is entitled to receive cash dividends equal to 110 % of any cash dividend paid on Class B Common Stock. The Company calculates earnings per share using the two-class method in accordance with FASB ASC Topic 260. The two-class method of computing basic earnings per share for each period reflects the cash dividends declared per share for each class of stock, plus allocated undistributed earnings per share computed using the participation percentage which reflects the dividend rights of each class of stock. Diluted earnings per share is calculated assuming the conversion of all shares of Class B Common Stock to shares of Class A Common Stock on a share-for-share basis. The tables below reconcile the numerators and denominators of basic and diluted earnings per share for current and prior periods. Three Months Ended Nine Months Ended June 25, 2022 June 25, 2022 Class A Class B Class A Class B Numerator: Allocated net income Net income allocated, basic $ 52,356,721 $ 15,406,187 $ 156,187,339 $ 46,405,934 Conversion of Class B to Class A shares 15,406,187 — 46,405,934 — Net income allocated, diluted $ 67,762,908 $ 15,406,187 $ 202,593,273 $ 46,405,934 Denominator: Weighted average shares outstanding Weighted average shares outstanding, basic 14,350,835 4,643,541 14,316,342 4,678,034 Conversion of Class B to Class A shares 4,643,541 — 4,678,034 — Weighted average shares outstanding, diluted 18,994,376 4,643,541 18,994,376 4,678,034 Earnings per share Basic $ 3.65 $ 3.32 $ 10.91 $ 9.92 Diluted $ 3.57 $ 3.32 $ 10.67 $ 9.92 Three Months Ended Nine Months Ended June 26, 2021 June 26, 2021 Class A Class B Class A Class B Numerator: Allocated net income Net income allocated, basic $ 55,276,248 $ 16,698,244 $ 131,185,114 $ 46,802,459 Conversion of Class B to Class A shares 16,698,244 — 46,802,459 — Net income allocated, diluted $ 71,974,492 $ 16,698,244 $ 177,987,573 $ 46,802,459 Denominator: Weighted average shares outstanding Weighted average shares outstanding, basic 14,257,035 4,737,341 14,234,599 5,584,837 Conversion of Class B to Class A shares 4,737,341 — 5,584,837 — Weighted average shares outstanding, diluted 18,994,376 4,737,341 19,819,436 5,584,837 Earnings per share Basic $ 3.88 $ 3.52 $ 9.22 $ 8.38 Diluted $ 3.79 $ 3.52 $ 8.98 $ 8.38

Leases

Leases	9 Months Ended
	Jun. 25, 2022
Leases [Abstract]
Leases	J. LEASES Leases as Lessee The Company conducts part of its retail operations from leased facilities. The initial terms of the leases are generally 20 years. The majority of the leases includes one or more renewal options and provide that the Company pay property taxes, utilities, repairs and certain other costs incidental to occupation of the premises. Several leases contain clauses calling for percentage rentals based upon gross sales of the supermarket occupying the leased space. Step rent provisions, escalation clauses and lease incentives are taken into account in computing minimum lease payments. Operating lease cost for all operating leases totaled $ 2.6 million for the three months ended June 25, 2022 and $ 8.2 million for the nine months ended June 25, 2022. This amount includes short-term (less than one year) leases, common area expenses, and variable lease costs, all of which are insignificant. Cash paid for lease liabilities in operating activities approximates operating lease cost. Maturities of operating lease liabilities as of June 25, 2022 were as follows: Fiscal Year Remainder of 2022 $ 2,386,798 2023 9,097,692 2024 6,313,393 2025 5,512,685 2026 4,230,737 Thereafter 24,152,866 Total lease payments $ 51,694,171 Less amount representing interest 11,335,893 Present value of lease liabilities $ 40,358,278 On the Condensed Consolidated Balance Sheets, lease extensions exercised less leased properties purchased during fiscal year 2022 increased the line items “Operating lease right of use assets” and “Noncurrent operating lease liabilities” by $ 3.1 million each during the nine months ended June 25, 2022. The weighted average remaining lease term for the Company’s operating leases is 13.5 years. The weighted average discount rate used to determine lease liability balances as of June 25, 2022 is 3.51 %, based on the most recent Company financings collateralized by store properties. Leases as Lessor At June 25, 2022, the Company owned and operated 84 shopping centers in conjunction with its supermarket operations. The Company leases to others a portion of its shopping center properties. The leases are non-cancelable operating lease agreements for periods ranging up to 20 years. Rental income is included in the line item “Net sales” on the Consolidated Statements of Income. Depreciation on owned properties leased to others and other shopping center expenses are included in the line item “Cost of goods sold” on the Consolidated Statements of Income. Three Months Ended Nine Months Ended June 25, 2022 June 25, 2022 Rents earned on owned and subleased properties: Base rentals $ 5,037,443 $ 14,707,904 Variable rentals 67,892 203,677 Total 5,105,335 14,911,581 Depreciation on owned properties leased to others ( 1,463,937 ) ( 4,391,812 ) Other shopping center expenses ( 658,322 ) ( 1,976,474 ) Total $ 2,983,076 $ 8,543,295 Future minimum operating lease receipts at June 25, 2022 are as follows: Fiscal Year Remainder of 2022 $ 3,852,303 2023 14,376,562 2024 13,190,842 2025 11,831,487 2026 8,919,932 Thereafter 34,465,715 Total minimum future rental income $ 86,636,841

Segment Information

Segment Information	9 Months Ended
	Jun. 25, 2022
Segment Information [Abstract]
Segment Information	K. SEGMENT INFORMATION The Company operates one primary business segment, retail grocery sales. “Other” includes our remaining operations - fluid dairy and shopping center rentals. Information about the Company’s operations by lines of business (amounts in thousands) is as follows: Three Months Ended Nine Months Ended June 25, June 26, June 25, June 26, 2022 2021 2022 2021 Revenues from unaffiliated customers: Grocery $ 473,114 $ 433,395 $ 1,443,699 $ 1,302,734 Non-foods 303,790 291,596 897,881 840,083 Perishables 360,660 348,284 1,080,661 990,040 Gasoline 265,569 164,249 656,594 405,397 Total Retail $ 1,403,133 $ 1,237,524 $ 4,078,835 $ 3,538,254 Other 55,034 39,941 147,980 114,209 Total revenues from unaffiliated customers $ 1,458,167 $ 1,277,465 $ 4,226,815 $ 3,652,463 Income from operations: Retail $ 87,512 $ 94,466 $ 261,675 $ 233,630 Other 7,051 6,119 18,380 17,709 Total income from operations $ 94,563 $ 100,585 $ 280,055 $ 251,339 June 25, September 25, 2022 2021 Assets: Retail $ 1,985,129 $ 1,794,160 Other 233,537 226,762 Elimination of intercompany receivable ( 3,270 ) ( 2,578 ) Total assets $ 2,215,396 $ 2,018,344 The grocery category includes grocery, dairy, and frozen foods. The non-foods category includes alcoholic beverages, tobacco, pharmacy, and health/beauty/cosmetic products. The perishables category includes meat, produce, deli and bakery. For the three-month periods ended June 25, 2022 and June 26, 2021, the fluid dairy operation had $ 12.8 million and $ 11.1 million in sales, respectively to the grocery sales segment. The fluid dairy operation had $ 38.5 million and $ 34.8 million in sales to the retail grocery segment for the nine-month periods ended June 25, 2022 and June 26, 2021, respectively. These sales have been eliminated in consolidation and are excluded from the amounts in the table above.

Fair Values Of Financial Instru

Fair Values Of Financial Instruments	9 Months Ended
	Jun. 25, 2022
Fair Values Of Financial Instruments [Abstract]
Fair Values Of Financial Instruments	L. FAIR VALUES OF FINANCIAL INSTRUMENTS The carrying amounts for cash and cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term maturity of these instruments. The fair value of the Company’s debt and interest rate swaps are estimated using valuation techniques under the accounting guidance related to fair value measurements based on observable and unobservable inputs. Observable inputs reflect readily available data from independent sources, while unobservable inputs reflect the Company’s market assumptions. These inputs are classified into the following hierarchy: Level 1 Inputs – Quoted prices for identical assets or liabilities in active markets. Level 2 Inputs – Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 Inputs – Pricing inputs are unobservable for the assets or liabilities and include situations where there is little, if any, market activity for the assets or liabilities. The inputs into the determination of fair value require significant management judgment or estimation. The carrying amount and fair value of the Company’s debt, interest rate swaps, and non-qualified retirement plan assets at June 25, 2022 were as follows (in thousands): Carrying Fair Value Amount Fair Value Measurements Senior Notes $ 350,000 $ 308,000 Level 2 Facility Bonds 58,970 58,970 Level 2 Secured notes payable and other 166,210 166,156 Level 2 Interest rate swap derivative contracts asset ( 11,573 ) ( 11,573 ) Level 2 Non-qualified retirement plan assets 17,594 17,594 Level 2 The fair values for Level 2 measurements were determined primarily using market yields and taking into consideration the underlying terms of the instrument.

Commitments And Contingencies

Commitments And Contingencies	9 Months Ended
	Jun. 25, 2022
Commitments And Contingencies [Abstract]
Commitments And Contingencies	M. COMMITMENTS AND CONTINGENCIES Various legal proceedings and claims arising in the ordinary course of business are pending against the Company. In the opinion of management, the ultimate liability, if any, from all pending legal proceedings and claims is not expected to materially affect the Company’s financial position, the results of its operations, or its cash flows.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Jun. 25, 2022
Related Party Transactions [Abstract]
Related Party Transactions	N . RELATED PARTY TRANSACTIONS The Company will from time to time make short-term non-interest bearing loans to the Company’s Investment/Profit Sharing Plan to allow the plan to meet distribution obligations during a time when the plan was prohibited from selling shares of the Company’s Class A Common Stock. During the nine months ended June 25, 2022, no such loans were made, repaid or outstanding.

Accrued Expenses And Current _2

Accrued Expenses And Current Portion Of Other Long-Term Liabilities (Tables)	9 Months Ended
	Jun. 25, 2022
Accrued Expenses And Current Portion Of Other Long-Term Liabilities [Abstract]
Accrued Expenses And Current Portion Of Other Long-Term Liabilities	June 25, September 25, 2022 2021 Property, payroll and other taxes payable $ 19,991,186 $ 22,621,486 Salaries, wages and bonuses payable 43,679,662 45,890,517 Self-insurance liabilities 13,099,541 13,319,556 Interest payable 956,797 4,481,104 Other 4,183,067 4,115,904 $ 81,910,253 $ 90,428,567

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Jun. 25, 2022
Long-Term Debt [Abstract]
Schedule Of Redemption Prices Of Senior Notes	Year 2026 102.000 % 2027 101.333 % 2028 100.667 % 2029 and thereafter 100.000 %

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Jun. 25, 2022
Earnings Per Common Share [Abstract]
Reconciliation Of Numerators And Denominators Of Basic And Diluted Earnings Per Share	Three Months Ended Nine Months Ended June 25, 2022 June 25, 2022 Class A Class B Class A Class B Numerator: Allocated net income Net income allocated, basic $ 52,356,721 $ 15,406,187 $ 156,187,339 $ 46,405,934 Conversion of Class B to Class A shares 15,406,187 — 46,405,934 — Net income allocated, diluted $ 67,762,908 $ 15,406,187 $ 202,593,273 $ 46,405,934 Denominator: Weighted average shares outstanding Weighted average shares outstanding, basic 14,350,835 4,643,541 14,316,342 4,678,034 Conversion of Class B to Class A shares 4,643,541 — 4,678,034 — Weighted average shares outstanding, diluted 18,994,376 4,643,541 18,994,376 4,678,034 Earnings per share Basic $ 3.65 $ 3.32 $ 10.91 $ 9.92 Diluted $ 3.57 $ 3.32 $ 10.67 $ 9.92 Three Months Ended Nine Months Ended June 26, 2021 June 26, 2021 Class A Class B Class A Class B Numerator: Allocated net income Net income allocated, basic $ 55,276,248 $ 16,698,244 $ 131,185,114 $ 46,802,459 Conversion of Class B to Class A shares 16,698,244 — 46,802,459 — Net income allocated, diluted $ 71,974,492 $ 16,698,244 $ 177,987,573 $ 46,802,459 Denominator: Weighted average shares outstanding Weighted average shares outstanding, basic 14,257,035 4,737,341 14,234,599 5,584,837 Conversion of Class B to Class A shares 4,737,341 — 5,584,837 — Weighted average shares outstanding, diluted 18,994,376 4,737,341 19,819,436 5,584,837 Earnings per share Basic $ 3.88 $ 3.52 $ 9.22 $ 8.38 Diluted $ 3.79 $ 3.52 $ 8.98 $ 8.38

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jun. 25, 2022
Leases [Abstract]
Maturities Of Operating Lease Liabilities	Fiscal Year Remainder of 2022 $ 2,386,798 2023 9,097,692 2024 6,313,393 2025 5,512,685 2026 4,230,737 Thereafter 24,152,866 Total lease payments $ 51,694,171 Less amount representing interest 11,335,893 Present value of lease liabilities $ 40,358,278
Schedule Of Rental Income	Three Months Ended Nine Months Ended June 25, 2022 June 25, 2022 Rents earned on owned and subleased properties: Base rentals $ 5,037,443 $ 14,707,904 Variable rentals 67,892 203,677 Total 5,105,335 14,911,581 Depreciation on owned properties leased to others ( 1,463,937 ) ( 4,391,812 ) Other shopping center expenses ( 658,322 ) ( 1,976,474 ) Total $ 2,983,076 $ 8,543,295
Future Minimum Operating Lease Receipts	Fiscal Year Remainder of 2022 $ 3,852,303 2023 14,376,562 2024 13,190,842 2025 11,831,487 2026 8,919,932 Thereafter 34,465,715 Total minimum future rental income $ 86,636,841

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Jun. 25, 2022
Segment Information [Abstract]
Operations By Lines Of Business	Three Months Ended Nine Months Ended June 25, June 26, June 25, June 26, 2022 2021 2022 2021 Revenues from unaffiliated customers: Grocery $ 473,114 $ 433,395 $ 1,443,699 $ 1,302,734 Non-foods 303,790 291,596 897,881 840,083 Perishables 360,660 348,284 1,080,661 990,040 Gasoline 265,569 164,249 656,594 405,397 Total Retail $ 1,403,133 $ 1,237,524 $ 4,078,835 $ 3,538,254 Other 55,034 39,941 147,980 114,209 Total revenues from unaffiliated customers $ 1,458,167 $ 1,277,465 $ 4,226,815 $ 3,652,463 Income from operations: Retail $ 87,512 $ 94,466 $ 261,675 $ 233,630 Other 7,051 6,119 18,380 17,709 Total income from operations $ 94,563 $ 100,585 $ 280,055 $ 251,339 June 25, September 25, 2022 2021 Assets: Retail $ 1,985,129 $ 1,794,160 Other 233,537 226,762 Elimination of intercompany receivable ( 3,270 ) ( 2,578 ) Total assets $ 2,215,396 $ 2,018,344

Fair Values Of Financial Inst_2

Fair Values Of Financial Instruments (Tables)	9 Months Ended
	Jun. 25, 2022
Fair Values Of Financial Instruments [Abstract]
Carrying Amount And Fair Value Of Debt, Interest Rate Swap And Non-Qualified Plan Assets	Carrying Fair Value Amount Fair Value Measurements Senior Notes $ 350,000 $ 308,000 Level 2 Facility Bonds 58,970 58,970 Level 2 Secured notes payable and other 166,210 166,156 Level 2 Interest rate swap derivative contracts asset ( 11,573 ) ( 11,573 ) Level 2 Non-qualified retirement plan assets 17,594 17,594 Level 2

Allowance For Doubtful Accoun_2

Allowance For Doubtful Accounts (Narrative) (Details) - USD ($)	Jun. 25, 2022	Sep. 25, 2021
Allowance For Doubtful Accounts [Abstract]
Allowance for doubtful accounts receivable	$ 602,000	$ 157,000

Accrued Expenses And Current _3

Accrued Expenses And Current Portion Of Other Long-Term Liabilities (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 25, 2022	Jun. 26, 2021	Sep. 25, 2021
Accrued Expenses And Current Portion Of Other Long-Term Liabilities [Abstract]
Workers' compensation per occurrence covered under insurance cost	$ 1,000		$ 1,000
Medical care benefits per person covered under insurance cost	450		450
Self insurance liabilities	31,000		31,000		$ 32,100
Self insurance liabilities, current	13,100		13,100		13,300
Self insurance liabilities, noncurrent	17,900		17,900		18,800
Receivable for expected self-insurance recoveries from excess cost insurance	4,000		4,000		$ 4,200
Employee insurance expense	$ 7,900	$ 7,800	$ 28,200	$ 28,200

Accrued Expenses And Current _4

Accrued Expenses And Current Portion Of Other Long-Term Liabilities (Accrued Expenses And Current Portion Of Other Long-Term Liabilities) (Details) - USD ($)	Jun. 25, 2022	Sep. 25, 2021
Accrued Expenses And Current Portion Of Other Long-Term Liabilities [Abstract]
Property, payroll and other taxes payable	$ 19,991,186	$ 22,621,486
Salaries, wages and bonuses payable	43,679,662	45,890,517
Self-insurance liabilities	13,099,541	13,319,556
Interest payable	956,797	4,481,104
Other	4,183,067	4,115,904
Total	$ 81,910,253	$ 90,428,567

Long-Term Debt (Narrative) (Det

Long-Term Debt (Narrative) (Details) - USD ($)	1 Months Ended		3 Months Ended		9 Months Ended
	Jun. 30, 2021	Sep. 30, 2017	Jun. 25, 2022	Jun. 26, 2021	Jun. 25, 2022	Jun. 26, 2021	Sep. 25, 2021	May 31, 2021	Dec. 31, 2019	Dec. 31, 2010
Debt Instrument [Line Items]
Current portion of long-term debt			$ 17,619,769		$ 17,619,769		$ 17,600,739
Short term investments			115,210,267		115,210,267		5,000,000
Loss on early extinguishment of debt				$ (1,082,633)		$ (1,082,633)
Annual amount of redemption of bonds			4,500,000		$ 4,500,000
Mandatory bonds redemption beginning period					Jan. 01, 2014
Mandatory bonds redemption period end date					Dec. 17, 2029
Derivative notional amount			134,300,000		$ 134,300,000
Other long-term liabilities			41,878,813		41,878,813		$ 50,418,947
Property and equipment with undepreciated cost pledge as collateral for long term debt			271,500,000		271,500,000
Excess net worth calculated under covenants in the Notes, the Bonds, and the Line			340,000,000		340,000,000
Cash Flow Hedging [Member]
Debt Instrument [Line Items]
Other comprehensive income (loss), net of income taxes				$ (700,000)		6,500,000
Interest Rate Swap at Fixed Rate of 3.92% [Member]
Debt Instrument [Line Items]
Unrealized gains (losses) on cash flow hedge					11,600,000	$ (4,900,000)
Other comprehensive income (loss), net of income taxes			$ 3,300,000		$ 12,200,000
Senior Notes, Interest Rate of 4.00%, Maturing 2031 [Member]
Debt Instrument [Line Items]
Debt instrument principal amount	$ 350,000,000
Maturity period of senior notes	2031
Debt instrument stated interest rate	4%
Secured Debt Maturing January 2030 [Member]
Debt Instrument [Line Items]
Debt instrument principal amount									$ 155,000,000
Derivative, fixed interest rate			2.95%		2.95%
Debt instrument variable interest rate					1.50%
Monthly principal amortization					$ 650,000
Secured Debt Maturing 2037 [Member]
Debt Instrument [Line Items]
Debt maturity date		Oct. 01, 2027			Oct. 01, 2027
Secured borrowing		$ 60,000,000
Derivative notional amount			$ 32,000,000		$ 32,000,000
Derivative, fixed interest rate			3.92%		3.92%
Monthly principal amortization					$ 500,000
Secured Debt Maturing 2037 [Member] | One-Month LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate					1.65%
Line of credit Maturing September 2022 [Member]
Debt Instrument [Line Items]
Line of credit facility borrowing capacity								$ 175,000,000
Recovery Zone Facility Bonds [Member]
Debt Instrument [Line Items]
Debt maturity date					Jan. 01, 2036
Description of interest rate on bonds					The interest rate on the Bonds is equal to one-month LIBOR (adjusted monthly) plus a credit spread, adjusted to reflect the income tax exemption.
Debt instrument outstanding amount			$ 59,000,000		$ 59,000,000					$ 99,700,000
Credit Line [Member]
Debt Instrument [Line Items]
Line of credit facility borrowing capacity	$ 150,000,000
Borrowings outstanding			0		0
Credit Line [Member] | Unused Letters Of Credit [Member]
Debt Instrument [Line Items]
Line of credit facility borrowing capacity			$ 10,000,000		$ 10,000,000

Long-Term Debt (Schedule Of Red

Long-Term Debt (Schedule Of Redemption Prices Of Senior Notes) (Details)	9 Months Ended
	Jun. 25, 2022
2026 [Member]
Debt instrument, redemption price as percentage of principal amount	102%
2027 [Member]
Debt instrument, redemption price as percentage of principal amount	101.333%
2028 [Member]
Debt instrument, redemption price as percentage of principal amount	100.667%
2029 and thereafter [Member]
Debt instrument, redemption price as percentage of principal amount	100%

Dividends (Narrative) (Details)

Dividends (Narrative) (Details) - $ / shares				3 Months Ended		9 Months Ended
	Apr. 14, 2022	Jan. 13, 2022	Oct. 14, 2021	Jun. 25, 2022	Jun. 26, 2021	Jun. 25, 2022	Jun. 26, 2021
Class A Common Stock
Dividends Payable [Line Items]
Cash dividends per share of common stock				$ 0.165	$ 0.165	$ 0.495	$ 0.495
Class B Common Stock
Dividends Payable [Line Items]
Cash dividends per share of common stock				$ 0.150	$ 0.150	$ 0.450	$ 0.450
Dividend 1 [Member]
Dividends Payable [Line Items]
Dividend payment date						Oct. 14, 2021
Dividend record date						Oct. 07, 2021
Dividend 1 [Member] | Class A Common Stock
Dividends Payable [Line Items]
Cash dividends per share of common stock			$ 0.165
Dividend 1 [Member] | Class B Common Stock
Dividends Payable [Line Items]
Cash dividends per share of common stock			$ 0.15
Dividend 2 [Member]
Dividends Payable [Line Items]
Dividend payment date						Jan. 13, 2022
Dividend record date						Jan. 06, 2022
Dividend 2 [Member] | Class A Common Stock
Dividends Payable [Line Items]
Cash dividends per share of common stock		$ 0.165
Dividend 2 [Member] | Class B Common Stock
Dividends Payable [Line Items]
Cash dividends per share of common stock		$ 0.15
Dividend 3 [Member]
Dividends Payable [Line Items]
Dividend payment date						Apr. 14, 2022
Dividend record date						Apr. 07, 2022
Dividend 3 [Member] | Class A Common Stock
Dividends Payable [Line Items]
Cash dividends per share of common stock	$ 0.165
Dividend 3 [Member] | Class B Common Stock
Dividends Payable [Line Items]
Cash dividends per share of common stock	$ 0.15

Earnings Per Common Share (Narr

Earnings Per Common Share (Narrative) (Details)	9 Months Ended
	Jun. 25, 2022 item
Earnings Per Share [Line Items]
Number of classes of common stock	2
Conversion feature for Class B Common Stock	each share is convertible into one share of Class A Common Stock at any time
Voting rights for shareholders	Each share of Class A Common Stock has one vote per share and each share of Class B Common Stock has ten votes per share
Percentage of cash dividend on Class B Common Stock entitled to receive for each share of Class A Common Stock	110%
Class A Common Stock
Earnings Per Share [Line Items]
Number of votes for common stock	1
Class B Common Stock
Earnings Per Share [Line Items]
Number of votes for common stock	10

Earnings Per Common Share (Reco

Earnings Per Common Share (Reconciliation Of Numerators And Denominators Of Basic And Diluted Earnings Per Share) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 25, 2022	Jun. 26, 2021
Class A Common Stock
Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share [Line Items]
Net income allocated, basic	$ 52,356,721	$ 55,276,248	$ 156,187,339	$ 131,185,114
Conversion of Class B to Class A shares	15,406,187	16,698,244	46,405,934	46,802,459
Net income allocated, diluted	$ 67,762,908	$ 71,974,492	$ 202,593,273	$ 177,987,573
Weighted average shares outstanding, basic	14,350,835	14,257,035	14,316,342	14,234,599
Conversion of Class B to Class A shares	4,643,541	4,737,341	4,678,034	5,584,837
Weighted average shares outstanding, diluted	18,994,376	18,994,376	18,994,376	19,819,436
Earnings per share, Basic	$ 3.65	$ 3.88	$ 10.91	$ 9.22
Earnings per share, Diluted	$ 3.57	$ 3.79	$ 10.67	$ 8.98
Class B Common Stock
Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share [Line Items]
Net income allocated, basic	$ 15,406,187	$ 16,698,244	$ 46,405,934	$ 46,802,459
Net income allocated, diluted	$ 15,406,187	$ 16,698,244	$ 46,405,934	$ 46,802,459
Weighted average shares outstanding, basic	4,643,541	4,737,341	4,678,034	5,584,837
Weighted average shares outstanding, diluted	4,643,541	4,737,341	4,678,034	5,584,837
Earnings per share, Basic	$ 3.32	$ 3.52	$ 9.92	$ 8.38
Earnings per share, Diluted	$ 3.32	$ 3.52	$ 9.92	$ 8.38

Leases (Narrative) (Details)

Leases (Narrative) (Details)	3 Months Ended	9 Months Ended
	Jun. 25, 2022 USD ($)	Jun. 25, 2022 USD ($) item	Sep. 25, 2021 USD ($)
Operating Leased Assets [Line Items]
Initial terms of leases	20 years	20 years
Operating lease cost	$ 2,600,000	$ 8,200,000
Number of shopping centers owned and operated | item		84
Lessor non-cancelable operating lease agreements	20 years	20 years
Weighted average remaining lease term	13 years 6 months	13 years 6 months
Weighted average discount rate	3.51%	3.51%
Operating Lease, Liability, Noncurrent	$ 32,393,387	$ 32,393,387	$ 33,887,935
Lease Extensions [Member]
Operating Leased Assets [Line Items]
Operating Lease, Liability, Noncurrent	$ 3,100,000	$ 3,100,000

Leases (Maturities Of Operating

Leases (Maturities Of Operating Lease Liabilities) (Details)	Jun. 25, 2022 USD ($)
Leases [Abstract]
Remainder of 2022	$ 2,386,798
2023	9,097,692
2024	6,313,393
2025	5,512,685
2026	4,230,737
Thereafter	24,152,866
Total lease payments	51,694,171
Less amount representing interest	11,335,893
Present value of lease liabilities	$ 40,358,278

Leases (Schedule Of Rental Inco

Leases (Schedule Of Rental Income) (Details) - USD ($)	3 Months Ended	9 Months Ended
	Jun. 25, 2022	Jun. 25, 2022
Property Held For Lease And Rental Income [Abstract]
Base rentals	$ 5,037,443	$ 14,707,904
Variable rentals	67,892	203,677
Total	5,105,335	14,911,581
Depreciation on owned properties leased to others	(1,463,937)	(4,391,812)
Other shopping center expenses	(658,322)	(1,976,474)
Total	$ 2,983,076	$ 8,543,295

Leases (Schedule Of Minimum Fut

Leases (Schedule Of Minimum Future Rental Income On Non-cancelable Operating Leases) (Details)	Jun. 25, 2022 USD ($)
Property Held For Lease And Rental Income [Abstract]
Remainder of 2022	$ 3,852,303
2023	14,376,562
2024	13,190,842
2025	11,831,487
2026	8,919,932
Thereafter	34,465,715
Total minimum future rental income	$ 86,636,841

Segment Information (Narrative)

Segment Information (Narrative) (Details) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 25, 2022 USD ($)	Jun. 26, 2021 USD ($)	Jun. 25, 2022 USD ($) segment	Jun. 26, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment			1
Fluid dairy [Member]
Segment Reporting Information [Line Items]
Sales eliminated in consolidation | $	$ 12.8	$ 11.1	$ 38.5	$ 34.8

Segment Information (Operations

Segment Information (Operations By Lines Of Business) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 25, 2022	Jun. 26, 2021	Jun. 25, 2022	Jun. 26, 2021	Sep. 25, 2021
Segment Reporting Information By Segment [Line Items]
Total revenues from unaffiliated customers	$ 1,458,166,802	$ 1,277,465,132	$ 4,226,814,981	$ 3,652,463,010
Total income from operations	94,563,125	100,584,944	280,054,570	251,339,224
Total assets	2,215,396,439		2,215,396,439		$ 2,018,343,955
Elimination of intercompany receivable [Member]
Segment Reporting Information By Segment [Line Items]
Total assets	(3,270,000)		(3,270,000)		(2,578,000)
Grocery [Member]
Segment Reporting Information By Segment [Line Items]
Total revenues from unaffiliated customers	473,114,000	433,395,000	1,443,699,000	1,302,734,000
Non-foods [Member]
Segment Reporting Information By Segment [Line Items]
Total revenues from unaffiliated customers	303,790,000	291,596,000	897,881,000	840,083,000
Perishables [Member]
Segment Reporting Information By Segment [Line Items]
Total revenues from unaffiliated customers	360,660,000	348,284,000	1,080,661,000	990,040,000
Gasoline [Member]
Segment Reporting Information By Segment [Line Items]
Total revenues from unaffiliated customers	265,569,000	164,249,000	656,594,000	405,397,000
Retail Segment [Member]
Segment Reporting Information By Segment [Line Items]
Total revenues from unaffiliated customers	1,403,133,000	1,237,524,000	4,078,835,000	3,538,254,000
Total income from operations	87,512,000	94,466,000	261,675,000	233,630,000
Total assets	1,985,129,000		1,985,129,000		1,794,160,000
Other Segment [Member]
Segment Reporting Information By Segment [Line Items]
Total revenues from unaffiliated customers	55,034,000	39,941,000	147,980,000	114,209,000
Total income from operations	7,051,000	$ 6,119,000	18,380,000	$ 17,709,000
Total assets	$ 233,537,000		$ 233,537,000		$ 226,762,000

Fair Values Of Financial Inst_3

Fair Values Of Financial Instruments (Carrying Amount And Fair Value Of Debt, Interest Rate Swap And Non-Qualified Plan Assetst) (Details) - Level 2 [Member] $ in Thousands	Jun. 25, 2022 USD ($)
Carrying Amount [Member] | Non-qualified retirement plan [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Retirement plan assets	$ 17,594
Fair Value [Member] | Non-qualified retirement plan [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Retirement plan assets	17,594
Senior Notes, net of unamortized original issue discount [Member] | Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	350,000
Senior Notes, net of unamortized original issue discount [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	308,000
Recovery Zone Facility Bonds [Member] | Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	58,970
Recovery Zone Facility Bonds [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	58,970
Interest rate swaps derivative contract [Member] | Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative contract asset	(11,573)
Interest rate swaps derivative contract [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative contract asset	(11,573)
Secured notes payable and other [Member] | Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	166,210
Secured notes payable and other [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	$ 166,156