v3.25.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities:      
Net income $ 163,963 $ 109,313 $ 126,097
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 84,894 90,807 87,700
Amortization of deferred financing costs 2,695 2,687 2,698
Non-cash lease expense 60,076 56,180 51,868
Stock-based compensation 21,060 20,583 27,990
Gain on sale of business 0 0 (5,845)
Deferred income taxes (2,101) (14,482) (12,253)
Facility closures and business exit costs 9,339 27,842 15,674
Impairment of intangibles 1,018 12,790 0
Other asset impairments 0 7,462 750
Other 2,438 906 (525)
Changes in assets and liabilities (excluding businesses acquired):      
Receivables 629 11,857 43,980
Inventories 31,278 84,306 86,980
Prepaid expenses and other assets (2,740) 11,944 8,813
Accounts payable 20,107 18,373 (19,962)
Accrued expenses 1,348 17,152 6,766
Other long-term obligations 986 (12,631) 9,595
Operating lease liabilities (62,484) (50,197) (48,692)
Net cash provided by operating activities 332,506 394,892 381,634
Cash flows from investing activities:      
Additions to property, plant and equipment (41,418) (43,135) (53,966)
Business acquired, net of cash acquired (3,318) (60,226) 0
Proceeds from sale of business 0 0 20,000
Payments for investments 0 (1,650) (500)
Other investing activities (150) (175) (115)
Net cash used in investing activities (44,886) (105,186) (34,581)
Cash flows from financing activities:      
Repayments on revolving line of credit 0 0 (48,000)
Borrowings on revolving line of credit 0 0 48,000
Repayments of long-term debt (231) (370) (338)
Proceeds from issuance of common stock, net of offering costs 0 1 0
Repurchase of common stock, including shares surrendered for tax withholding (155,066) (24,075) (37,161)
Payments of contingent consideration 0 (95) (54)
Distribution to noncontrolling interest (1,346) (899) 0
Net cash used in financing activities (156,643) (25,438) (37,553)
Effect of exchange rate changes on cash and equivalents (947) 1,261 1,189
Net increase in cash, cash equivalents and restricted cash 130,031 265,530 310,689
Cash, cash equivalents and restricted cash at beginning of year 768,403 502,873 192,184
Cash, cash equivalents and restricted cash at end of year 898,433 768,403 502,873
Supplemental information:      
Cash paid for interest 57,698 57,531 57,143
Cash paid for income taxes – net of refunds 61,634 53,582 17,910
Non-cash investing and financing activities:      
Capital expenditures incurred but not paid 3,146 1,936 2,243
Liability for contingent performance based payments 2,000 (20) (374)
Shares of common stock repurchased but not settled 0 536 0
Lease liabilities arising from obtaining right-of-use assets $ 74,007 $ 95,391 $ 42,777

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