Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Mar. 25, 2017
Mar. 26, 2016
Cash flows from operating activities:    
Net income $ 43,038 $ 24,812
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and amortization 20,344 18,202
Amortization of deferred financing costs 681 773
Stock-based compensation 5,279 3,578
Excess tax benefits from stock-based awards (13,166) (1,181)
Deferred income taxes 6,530 7,516
Write-off of deferred financing costs 0 3,337
Loss on sale of property and equipment 40 8
Gain on sale of facility (2,050)
Other 1,085 25
Change in assets and liabilities (excluding businesses acquired):    
Accounts receivable (139,319) (111,671)
Inventories (63,775) (35,220)
Prepaid expenses and other assets 6,919 1,749
Accounts payable 38,041 27,415
Accrued expenses 502 9,548
Other long-term obligations (391) 266
Net cash used by operating activities (96,242) (50,843)
Cash flows from investing activities:    
Additions to property and equipment (26,794) (12,795)
Payments to acquire companies, net of cash acquired (60,042) (68,901)
Proceeds from the sale of business, facility and other assets 8,268
Change in restricted cash (78) 1,211
Investment in equity method investee (2,000) 0
Other investing activities (1,395) (500)
Net cash used in investing activities (82,041) (80,985)
Cash flows from financing activities:    
Repayments of long-term debt (449) (400,145)
Proceeds from issuance of long-term debt 0 400,000
Borrowings under revolving line of credit 216,000 280,000
Repayments under revolving line of credit (115,000) (178,000)
Repurchase of common stock, including shares surrendered for tax withholding (20,172) (1,722)
Payment of contingent consideration liability (894)
Distribution to noncontrolling interest (1,019) (592)
Payment of financing costs 0 (6,362)
Excess tax benefits from stock-based awards 13,166 1,181
Net cash provided by financing activities 91,632 94,360
Effect of exchange rate changes on cash and cash equivalents (162) (290)
Net decrease in cash and cash equivalents (86,813) (37,758)
Cash and equivalents at beginning of period 92,982 47,584
Cash and equivalents at end of period 6,169 9,826
Supplemental information:    
Cash paid for interest $ 13,612 $ 18,781