Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.1.9
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Mar. 28, 2015
Mar. 29, 2014
Cash flows from operating activities:    
Net income $ 18,287us-gaap_ProfitLoss $ 8,677us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,814us-gaap_DepreciationDepletionAndAmortization 17,512us-gaap_DepreciationDepletionAndAmortization
Stock-based compensation 3,684us-gaap_ShareBasedCompensation 4,578us-gaap_ShareBasedCompensation
Excess tax benefits from stock-based awards (351)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (321)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Deferred income taxes 4,467us-gaap_DeferredIncomeTaxExpenseBenefit 5,064us-gaap_DeferredIncomeTaxExpenseBenefit
Write-off of deferred financing costs 537us-gaap_WriteOffOfDeferredDebtIssuanceCost 1,731us-gaap_WriteOffOfDeferredDebtIssuanceCost
Loss on sale of property and equipment 115us-gaap_GainLossOnDispositionOfAssets 74us-gaap_GainLossOnDispositionOfAssets
Other (51)us-gaap_OtherNoncashIncomeExpense 0us-gaap_OtherNoncashIncomeExpense
Change in assets and liabilities:    
Accounts receivable (128,623)us-gaap_IncreaseDecreaseInAccountsReceivable (128,803)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (56,740)us-gaap_IncreaseDecreaseInInventories (10,587)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other assets (6,794)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 406us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable 51,474us-gaap_IncreaseDecreaseInAccountsPayable 38,334us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses (1,245)us-gaap_IncreaseDecreaseInAccruedLiabilities 5,163us-gaap_IncreaseDecreaseInAccruedLiabilities
Other long-term obligations (95)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities (1,871)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities
Net cash used in operating activities (98,521)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (60,043)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Additions to property and equipment (11,025)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (10,024)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Payments to acquire companies, net of cash acquired (16,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Proceeds from short term investments 9,997us-gaap_ProceedsFromSaleOfShortTermInvestments 3,600us-gaap_ProceedsFromSaleOfShortTermInvestments
Investments in short term investments (17)us-gaap_PaymentsToAcquireShortTermInvestments 0us-gaap_PaymentsToAcquireShortTermInvestments
Change in restricted cash 1,700us-gaap_IncreaseDecreaseInRestrictedCash 0us-gaap_IncreaseDecreaseInRestrictedCash
Other investing activities (331)us-gaap_PaymentsForProceedsFromOtherInvestingActivities 0us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (15,676)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (6,424)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Repayments of long-term debt (50,141)us-gaap_RepaymentsOfLongTermDebt (203)us-gaap_RepaymentsOfLongTermDebt
Borrowings under revolving line of credit 186,000us-gaap_ProceedsFromLinesOfCredit 188,000us-gaap_ProceedsFromLinesOfCredit
Repayments on revolving line of credit (71,000)us-gaap_RepaymentsOfLinesOfCredit (116,000)us-gaap_RepaymentsOfLinesOfCredit
Proceeds from issuance of common stock 1,220us-gaap_ProceedsFromIssuanceOfCommonStock 461us-gaap_ProceedsFromIssuanceOfCommonStock
Repurchase of common stock (17,164)us-gaap_PaymentsForRepurchaseOfCommonStock (924)us-gaap_PaymentsForRepurchaseOfCommonStock
Distribution to noncontrolling interest (1,680)us-gaap_PaymentsOfDividendsMinorityInterest (633)us-gaap_PaymentsOfDividendsMinorityInterest
Payment of financing costs 0us-gaap_PaymentsOfFinancingCosts (3,087)us-gaap_PaymentsOfFinancingCosts
Excess tax benefits from stock-based awards 351us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 321us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Net cash provided by financing activities 47,586us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 67,935us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash and cash equivalents (122)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 124us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase (decrease) in cash and cash equivalents (66,733)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1,592us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and equivalents at beginning of period 78,676us-gaap_CashAndCashEquivalentsAtCarryingValue 15,156us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and equivalents at end of period 11,943us-gaap_CashAndCashEquivalentsAtCarryingValue 16,748us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental information:    
Cash paid for interest $ 21,448us-gaap_InterestPaid $ 20,804us-gaap_InterestPaid