v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Cash flows from operating activities:    
Net income $ 86,831 $ 78,988
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 41,344 42,580
Amortization of deferred financing costs 1,257 1,347
Non-cash lease expense 29,680 29,987
Stock-based compensation 9,454 9,528
Deferred income taxes 3,001 2,525
Other operating activities 2,652 (1,056)
Changes in assets and liabilities (excluding businesses acquired):    
Accounts receivable (278,079) (252,375)
Inventories (59,260) (67,654)
Prepaid expenses and other assets 721 (11,542)
Accounts payable 42,722 50,504
Accrued expenses 29,724 28,416
Other long-term obligations (419) 2,100
Operating lease liabilities (29,489) (29,043)
Net cash used in operating activities (119,861) (115,695)
Cash flows from investing activities:    
Additions to property, plant and equipment (21,265) (16,760)
Payments to acquire companies, net of cash acquired (57,000) (3,318)
Other investing activities (50) (125)
Net cash used in investing activities (78,315) (20,203)
Cash flows from financing activities:    
Repayments of long-term debt (39) (145)
Repurchase of common stock, including shares surrendered for tax withholding (27,871) (98,233)
Distribution to noncontrolling interest (1,139) (1,346)
Payment of financing costs (2,329) 0
Net cash used in financing activities (31,378) (99,724)
Effect of exchange rate changes on cash and equivalents 530 (1,444)
Net decrease in cash, cash equivalents and restricted cash (229,024) (237,066)
Cash, cash equivalents and restricted cash at beginning of year 898,433 768,403
Cash, cash equivalents and restricted cash at end of year 669,409 531,337
Supplemental information:    
Cash paid for interest 28,604 28,976
Cash paid for income taxes – net of refunds 2,874 13,368
Lease liabilities arising from obtaining right-of-use assets $ 6,536 $ 30,776

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