v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Cash flows from operating activities:    
Net income $ 78,988 $ 63,236
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and amortization 42,580 45,357
Amortization of deferred financing costs 1,347 1,340
Non-cash lease expense 29,987 25,753
Stock-based compensation 9,528 8,927
Deferred income taxes 2,525 2,673
Other operating activities (1,056) 1,811
Change in assets and liabilities (excluding businesses acquired):    
Accounts receivable (252,375) (240,408)
Inventories (67,654) (59,263)
Prepaid expenses and other assets (11,542) (7,492)
Accounts payable 50,504 41,475
Accrued expenses 28,416 46,785
Other long-term obligations 2,100 673
Operating lease liabilities (29,043) (25,169)
Net cash used by operating activities (115,695) (94,302)
Cash flows from investing activities:    
Additions to plant, property and equipment (16,760) (19,478)
Payments to acquire companies, net of cash acquired (3,318) (59,818)
Investments 0 (850)
Other investing activities (125) (140)
Net cash used in investing activities (20,203) (80,286)
Cash flows from financing activities:    
Repayments of long-term debt (145) (159)
Repurchase of common stock, including shares surrendered for tax withholding (98,233) (12,055)
Payment of contingent consideration liability 0 (57)
Distribution to noncontrolling interest (1,346) (900)
Net cash used by financing activities (99,724) (13,171)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,444) 415
Net decrease in cash, cash equivalents and restricted cash (237,066) (187,344)
Cash, cash equivalents and restricted cash at beginning of period 768,403 502,873
Cash, cash equivalents and restricted cash at end of period 531,337 315,529
Supplemental information:    
Cash paid for interest 28,976 28,695
Cash paid for income taxes 13,368 13,775
Lease liabilities arising from obtaining right-of-use assets $ 30,776 $ 24,652

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