v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jun. 25, 2022
Jun. 26, 2021
Cash flows from operating activities:    
Net income $ 155,037 $ 155,995
Adjustments to reconcile net income to net cash (used) provided by operating activities:    
Depreciation and amortization 58,333 52,759
Amortization of deferred financing costs 1,982 1,577
Non-cash lease expense 36,042 29,914
Stock-based compensation 18,879 17,040
Debt extinguishment costs 169 8,577
Loss on sale of business 0 2,611
Deferred income taxes 8,199 6,992
(Gain) loss on sale of property and equipment (53) 62
Other 7 2,083
Change in assets and liabilities (excluding businesses acquired):    
Accounts receivable (121,392) (49,099)
Inventories (198,360) (85,382)
Prepaid expenses and other assets 1,383 33,571
Accounts payable (1,679) 21,862
Accrued expenses (7,072) 10,102
Other long-term obligations 236 (640)
Operating lease liabilities (34,108) (29,402)
Net cash (used) provided by operating activities (82,397) 178,622
Cash flows from investing activities:    
Additions to plant, property and equipment (98,553) (57,047)
Payments to acquire companies, net of cash acquired 0 (733,614)
Proceeds from the sale of business 0 2,400
Investments (2,318) 0
Other investing activities 40 (633)
Net cash used in investing activities (100,831) (788,894)
Cash flows from financing activities:    
Repayments of long-term debt (992) (400,072)
Proceeds from issuance of long-term debt 0 900,000
Borrowings under revolving line of credit 0 858,000
Repayments under revolving line of credit 0 (858,000)
Premium paid on extinguishment of debt 0 (6,124)
Repurchase of common stock, including shares surrendered for tax withholding (41,834) (7,811)
Payment of contingent consideration liability (196) (254)
Distribution to noncontrolling interest (806) (531)
Payment of financing costs (2,410) (14,109)
Net cash (used) provided by financing activities (46,238) 471,099
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,589) 1,507
Net decrease in cash, cash equivalents and restricted cash (231,055) (137,666)
Cash, cash equivalents and restricted cash at beginning of period 439,522 666,397
Cash, cash equivalents and restricted cash at end of period 208,467 528,731
Supplemental information:    
Cash paid for interest 48,902 33,933
Cash paid for taxes 31,406 52,162
New operating lease right of use assets $ 64,504 $ 63,503

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