v3.24.1.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 30, 2024
Mar. 25, 2023
Cash flows from operating activities:    
Net income $ 63,236 $ 39,829
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and amortization 45,357 43,801
Amortization of deferred financing costs 1,340 1,349
Non-cash lease expense 25,753 25,369
Stock-based compensation 8,927 13,327
Deferred income taxes 2,673 7,486
Other operating activities 1,811 136
Change in assets and liabilities (excluding businesses acquired):    
Accounts receivable (240,408) (187,745)
Inventories (59,263) (27,152)
Prepaid expenses and other assets (7,492) (3,868)
Accounts payable 41,475 15,421
Accrued expenses 46,785 (462)
Other long-term obligations 673 (21)
Operating lease liabilities (25,169) (24,542)
Net cash used by operating activities (94,302) (97,072)
Cash flows from investing activities:    
Additions to plant, property and equipment (19,478) (30,228)
Payments to acquire companies, net of cash acquired (59,818) 0
Investments (850) (500)
Other investing activities (140) (100)
Net cash used in investing activities (80,286) (30,828)
Cash flows from financing activities:    
Repayments of long-term debt (159) (182)
Borrowings under revolving line of credit 0 48,000
Repayments under revolving line of credit 0 (23,000)
Repurchase of common stock, including shares surrendered for tax withholding (12,055) (16,165)
Payment of contingent consideration liability (57) (12)
Distribution to noncontrolling interest (900) 0
Net cash (used) provided by financing activities (13,171) 8,641
Effect of exchange rate changes on cash, cash equivalents and restricted cash 415 1,157
Net decrease in cash, cash equivalents and restricted cash (187,344) (118,102)
Cash, cash equivalents and restricted cash at beginning of period 502,873 192,184
Cash, cash equivalents and restricted cash at end of period 315,529 74,082
Supplemental information:    
Cash paid for interest 28,695 29,343
Cash paid for income taxes 13,775 1,889
New operating lease right of use assets $ 24,652 $ 13,776

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