Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Dec. 30, 2017
Dec. 24, 2016
Cash flows from operating activities:    
Net income $ 26,450 $ 7,789
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and amortization 11,163 10,009
Amortization of deferred financing costs 377 341
Stock-based compensation 2,680 2,687
Excess tax benefits from stock-based awards 0 (4,356)
Deferred income taxes (15,765) 3,527
Gain on sale of property and equipment (18) (95)
Gain on sale of facility 0 (2,050)
Other 820 798
Change in assets and liabilities (excluding businesses acquired):    
Accounts receivable 2,822 11,590
Inventories (58,252) (67,678)
Prepaid expenses and other assets (2,252) (1,238)
Accounts payable 23,059 31,863
Accrued expenses (16,546) (6,420)
Other long-term obligations 1,249 (80)
Net cash used by operating activities (24,213) (13,313)
Cash flows from investing activities:    
Additions to property and equipment (8,186) (12,968)
Payments to acquire companies, net of cash acquired 0 (60,042)
Proceeds from the sale of business, facility and other assets 0 7,960
Change in restricted cash 226 (71)
Investments (6,555) (2,000)
Other investing activities (1,200) (265)
Net cash used in investing activities (15,715) (67,386)
Cash flows from financing activities:    
Repayments of long-term debt (7) (74)
Proceeds from issuance of long-term debt 300,000 0
Borrowings under revolving line of credit 23,000 1,000
Repayments under revolving line of credit (23,000) (1,000)
Repurchase of common stock, including shares surrendered for tax withholding (2,768) (7,913)
Payment of contingent consideration liability (93) (860)
Distribution to noncontrolling interest (1,597) (1,018)
Payment of financing costs (4,558) 0
Excess tax benefits from stock-based awards 0 4,356
Net cash provided (used) by financing activities 290,977 (5,509)
Effect of exchange rate changes on cash and cash equivalents 20 (193)
Net increase (decrease) in cash and cash equivalents 251,069 (86,401)
Cash and equivalents at beginning of period 32,397 92,982
Cash and equivalents at end of period 283,466 6,581
Supplemental information:    
Cash paid for interest $ 12,757 $ 13,034