Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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Dec. 27, 2014
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Dec. 28, 2013
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Cash flows from operating activities: | ||
Net loss | $ (5,693)us-gaap_ProfitLoss | $ (12,812)us-gaap_ProfitLoss |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||
Depreciation and amortization | 8,464us-gaap_DepreciationDepletionAndAmortization | 8,320us-gaap_DepreciationDepletionAndAmortization |
Stock-based compensation | 1,592us-gaap_ShareBasedCompensation | 1,780us-gaap_ShareBasedCompensation |
Excess tax benefits from stock-based awards | (40)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities | (171)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities |
Deferred income taxes | 2,500us-gaap_DeferredIncomeTaxExpenseBenefit | 2,361us-gaap_DeferredIncomeTaxExpenseBenefit |
Write-off of deferred financing costs | 0us-gaap_WriteOffOfDeferredDebtIssuanceCost | 1,731us-gaap_WriteOffOfDeferredDebtIssuanceCost |
Loss on sale of property and equipment | 44us-gaap_GainLossOnDispositionOfAssets | 23us-gaap_GainLossOnDispositionOfAssets |
Change in assets and liabilities: | ||
Accounts receivable | 50,650us-gaap_IncreaseDecreaseInAccountsReceivable | 51,255us-gaap_IncreaseDecreaseInAccountsReceivable |
Inventories | (73,868)us-gaap_IncreaseDecreaseInInventories | (35,340)us-gaap_IncreaseDecreaseInInventories |
Prepaid expenses and other assets | (15,098)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (13,743)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
Accounts payable | 40,090us-gaap_IncreaseDecreaseInAccountsPayable | 16,952us-gaap_IncreaseDecreaseInAccountsPayable |
Accrued expenses | 7,124us-gaap_IncreaseDecreaseInAccruedLiabilities | 9,972us-gaap_IncreaseDecreaseInAccruedLiabilities |
Other long-term obligations | 87us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities | (319)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities |
Net cash provided by operating activities | 15,852us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 30,009us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
Cash flows from investing activities: | ||
Additions to property and equipment | (4,069)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (5,377)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Change in restricted cash | (5,407)us-gaap_IncreaseDecreaseInRestrictedCash | 0us-gaap_IncreaseDecreaseInRestrictedCash |
Investment in short term investments | (12)us-gaap_PaymentsToAcquireShortTermInvestments | 0us-gaap_PaymentsToAcquireShortTermInvestments |
Proceeds from short term investments | 0us-gaap_ProceedsFromSaleOfShortTermInvestments | 3,600us-gaap_ProceedsFromSaleOfShortTermInvestments |
Net cash used in investing activities | (9,488)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (1,777)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
Cash flows from financing activities: | ||
Repayments of long-term debt | (72)us-gaap_RepaymentsOfLongTermDebt | (76)us-gaap_RepaymentsOfLongTermDebt |
Proceeds from issuance of common stock | 188us-gaap_ProceedsFromIssuanceOfCommonStock | 200us-gaap_ProceedsFromIssuanceOfCommonStock |
Borrowings under revolving line of credit | 0us-gaap_ProceedsFromLinesOfCredit | 45,000us-gaap_ProceedsFromLinesOfCredit |
Repayments under revolving line of credit | 0us-gaap_RepaymentsOfLinesOfCredit | (68,000)us-gaap_RepaymentsOfLinesOfCredit |
Payment of deferred financing costs | 0us-gaap_PaymentsOfFinancingCosts | (2,985)us-gaap_PaymentsOfFinancingCosts |
Repurchase of common stock | (3,742)us-gaap_PaymentsForRepurchaseOfCommonStock | (401)us-gaap_PaymentsForRepurchaseOfCommonStock |
Distribution to noncontrolling interest | (1,680)us-gaap_PaymentsOfDividendsMinorityInterest | (633)us-gaap_PaymentsOfDividendsMinorityInterest |
Excess tax benefits from stock-based awards | 40us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 171us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
Net cash used in financing activities | (5,266)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (26,724)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
Effect of exchange rate changes on cash and cash equivalents | (186)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 47us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
Net increase in cash and cash equivalents | 912us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 1,555us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Cash and equivalents at beginning of period | 78,676us-gaap_CashAndCashEquivalentsAtCarryingValue | 15,156us-gaap_CashAndCashEquivalentsAtCarryingValue |
Cash and equivalents at end of period | 79,588us-gaap_CashAndCashEquivalentsAtCarryingValue | 16,711us-gaap_CashAndCashEquivalentsAtCarryingValue |
Supplemental information: | ||
Cash paid for interest | 848us-gaap_InterestPaid | 2,998us-gaap_InterestPaid |
Cash paid for income taxes, net of refunds | 116us-gaap_IncomeTaxesPaidNet | (1,063)us-gaap_IncomeTaxesPaidNet |
Non-cash investing activities: | ||
Capital expenditures incurred but not paid | $ 5us-gaap_CapitalExpendituresIncurredButNotYetPaid | $ 938us-gaap_CapitalExpendituresIncurredButNotYetPaid |
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- Definition
Future cash outflow to pay for purchases of fixed assets that have occurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash outflow for realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in other noncurrent operating liabilities not separately disclosed in the statement of cash flows. No definition available.
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The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash outflow in the form of ordinary dividends provided by the non-wholly owned subsidiary to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow for securities or other assets acquired, which qualify for treatment as an investing activity and are to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash inflow from sales of all investments, including securities and other assets, having ready marketability and intended by management to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Write-off of amounts previously capitalized as debt issuance cost in an extinguishment of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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