v3.24.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 24, 2022
Cash flows from operating activities:      
Net income $ 109,313 $ 126,097 $ 152,672
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 90,807 87,700 80,948
Amortization of deferred financing costs 2,687 2,698 2,657
Non-cash lease expense 56,180 51,868 48,656
Stock-based compensation 20,583 27,990 25,817
Debt extinguishment costs 0 0 169
Gain on sale of business 0 (5,845) 0
Deferred income taxes (14,482) (12,253) 28,128
Facility closures and business exit costs 27,842 15,674 0
Impairment of intangibles 12,790 0 0
Other asset impairments 7,462 750 0
Other 906 (525) (648)
Changes in assets and liabilities (excluding businesses acquired):      
Receivables 11,857 43,980 7,004
Inventories 84,306 86,980 (256,443)
Prepaid expenses and other assets 11,944 8,813 (6,031)
Accounts payable 18,373 (19,962) (31,209)
Accrued expenses 17,152 6,766 (33,495)
Other long-term obligations (12,631) 9,595 (7,728)
Operating lease liabilities (50,197) (48,692) (44,527)
Net cash provided by (used in) operating activities 394,892 381,634 (34,030)
Cash flows from investing activities:      
Additions to property, plant and equipment (43,135) (53,966) (115,205)
Business acquired, net of cash acquired (60,226) 0 0
Proceeds from sale of business 0 20,000 0
Payments for investments (1,650) (500) (27,818)
Other investing activities (175) (115) 40
Net cash used in investing activities (105,186) (34,581) (142,983)
Cash flows from financing activities:      
Repayments on revolving line of credit 0 (48,000) 0
Borrowings on revolving line of credit 0 48,000 0
Repayments of long-term debt (370) (338) (1,096)
Repurchase of common stock, including shares surrendered for tax withholding (24,075) (37,161) (62,287)
Payments of contingent consideration (95) (54) (216)
Distribution to noncontrolling interest (899) 0 (806)
Payment of financing costs 0 0 (2,410)
Net cash used in financing activities (25,438) (37,553) (66,815)
Effect of exchange rate changes on cash and equivalents 1,261 1,189 (3,510)
Net increase (decrease) in cash, cash equivalents and restricted cash 265,530 310,689 (247,338)
Cash, cash equivalents and restricted cash at beginning of year 502,873 192,184 439,522
Cash, cash equivalents and restricted cash at end of year 768,403 502,873 192,184
Supplemental information:      
Cash paid for interest 57,531 57,143 57,928
Cash paid for income taxes – net of refunds 53,582 17,910 34,964
Non-cash investing and financing activities:      
Capital expenditures incurred but not paid 1,936 2,243 8,016
Liability for contingent performance based payments (20) (374) (847)
Shares of common stock repurchased but not settled 536 0 911
Lease liabilities arising from obtaining right-of-use assets $ 95,391 $ 42,777 $ 70,794

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