v3.24.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Dec. 30, 2023
Dec. 24, 2022
Cash flows from operating activities:    
Net income (loss) $ 567 $ (8,849)
Adjustments to reconcile net income (loss) to net cash used by operating activities:    
Depreciation and amortization 22,545 21,692
Amortization of deferred financing costs 666 675
Non-cash lease expense 12,772 12,738
Stock-based compensation 6,021 6,577
Deferred income taxes 1,498 3,260
Other operating activities (727) (35)
Change in assets and liabilities (excluding businesses acquired):    
Accounts receivable (32,952) 48,062
Inventories (92,808) (84,689)
Prepaid expenses and other assets (5,275) (11,620)
Accounts payable 19,145 (16,107)
Accrued expenses 9,533 (23,049)
Other long-term obligations 3,310 (5)
Operating lease liabilities (14,079) (11,952)
Net cash used by operating activities (69,784) (63,302)
Cash flows from investing activities:    
Additions to plant, property and equipment (10,127) (17,698)
Payments to acquire companies, net of cash acquired (59,498) 0
Investments (850) (250)
Net cash used in investing activities (70,475) (17,948)
Cash flows from financing activities:    
Repayments of long-term debt (85) (88)
Repurchase of common stock, including shares surrendered for tax withholding (6,775) (9,341)
Payment of contingent consideration liability (25) (7)
Distribution to noncontrolling interest (900) 0
Net cash used by financing activities (7,785) (9,436)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 790 1,047
Net decrease in cash, cash equivalents and restricted cash (147,254) (89,639)
Cash, cash equivalents and restricted cash at beginning of period 502,873 192,184
Cash, cash equivalents and restricted cash at end of period 355,619 102,545
Supplemental information:    
Cash paid for interest 19,756 19,907
New operating lease right of use assets $ 13,170 $ 11,022

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