Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Jun. 27, 2015
Jun. 28, 2014
Cash flows from operating activities:    
Net income $ 37,410 $ 14,011
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 25,076 26,683
Stock-based compensation 5,970 6,365
Excess tax benefits from stock-based awards (685) (422)
Deferred income taxes 6,416 7,420
Write-off of deferred financing costs 537 1,731
Gain on sale of property and equipment 0 (1,996)
Loss on disposal of property and equipment 662 587
Other (51) 0
Change in assets and liabilities:    
Accounts receivable (29,468) (17,399)
Inventories (13,791) 31,356
Prepaid expenses and other assets (2,819) 3,525
Accounts payable 1,694 (14,687)
Accrued expenses 25,733 13,597
Other long-term obligations (87) (1,920)
Net cash provided by operating activities 56,597 68,851
Cash flows from investing activities:    
Additions to property and equipment (18,160) (13,707)
Proceeds from sale of property and equipment, net of expenses 0 5,171
Payments to acquire companies, net of cash acquired, and investment in joint ventures (16,000) (20,262)
Change in restricted cash 1,693 0
Investment in short-term investments (17) 0
Proceeds from short term investments 9,997 3,600
Other investing activities (489) 0
Net cash used in investing activities (22,976) (25,198)
Cash flows from financing activities:    
Repayments of long-term debt (50,216) (282)
Proceeds from issuance of common stock 2,148 594
Borrowings under revolving line of credit 312,000 278,000
Repayments under revolving line of credit (312,000) (301,000)
Repurchase of common stock (19,021) (1,190)
Distribution to noncontrolling interest (1,680) (633)
Payment of financing costs 0 (3,090)
Excess tax benefits from stock-based awards 685 422
Net cash used by financing activities (68,084) (27,179)
Effect of exchange rate changes on cash and cash equivalents (372) 216
Net increase (decrease) in cash and cash equivalents (34,835) 16,690
Cash and equivalents at beginning of period 78,676 15,156
Cash and equivalents at end of period 43,841 31,846
Supplemental information:    
Cash paid for interest $ 22,470 $ 22,067