Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.3.1.900
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Cash flows from operating activities:    
Net loss $ (8,623) $ (5,693)
Adjustments to reconcile net loss to net cash (used) provided by operating activities:    
Depreciation and amortization 9,032 8,464
Amortization of deferred financing costs 417 524
Stock-based compensation 2,218 1,592
Excess tax benefits from stock-based awards (900) (40)
Deferred income taxes 3,997 2,500
Write-off of deferred financing costs 3,337 0
Loss (Gain) on sale of property and equipment (14) 44
Change in assets and liabilities (excluding businesses acquired):    
Accounts receivable 33,736 50,650
Inventories (61,101) (73,868)
Prepaid expenses and other assets (6,921) (15,622)
Accounts payable 23,404 40,090
Accrued expenses 622 7,124
Other long-term obligations 315 87
Net cash (used) provided by operating activities (481) 15,852
Cash flows from investing activities:    
Additions to property and equipment (5,256) (4,069)
Payments to acquire companies, net of cash acquired (68,529) 0
Change in restricted cash 1,218 (5,407)
Investment in short-term investments 0 (12)
Other investing activities (200) 0
Net cash used in investing activities (72,767) (9,488)
Cash flows from financing activities:    
Repayments of long-term debt (400,072) (72)
Proceeds from issuance of long-term debt 400,000 0
Borrowings under revolving line of credit 79,000 0
Repayments under revolving line of credit (37,000) 0
Proceeds from issuance of common stock 0 188
Repurchase of common stock, including shares surrendered for tax withholding (1,167) (3,742)
Distribution to noncontrolling interest (592) (1,680)
Payment of financing costs (6,324) 0
Excess tax benefits from stock-based awards 900 40
Net cash provided (used) by financing activities 34,745 (5,266)
Effect of exchange rate changes on cash and cash equivalents (75) (186)
Net increase (decrease) in cash and cash equivalents (38,578) 912
Cash and equivalents at beginning of period 47,584 78,676
Cash and equivalents at end of period 9,006 79,588
Supplemental information:    
Cash paid for interest $ 17,844 $ 848