Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.6.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Dec. 24, 2016
Dec. 26, 2015
Cash flows from operating activities:    
Net income (loss) $ 7,789 $ (8,623)
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and amortization 10,009 9,032
Amortization of deferred financing costs 341 417
Stock-based compensation 2,687 2,218
Excess tax benefits from stock-based awards (4,356) (900)
Deferred income taxes 3,527 3,997
Write-off of deferred financing costs 0 3,337
Gain on sale of property and equipment (95) (14)
Gain on sale of facility (2,050) 0
Other 798 0
Change in assets and liabilities (excluding businesses acquired):    
Accounts receivable 11,590 33,736
Inventories (67,678) (61,101)
Prepaid expenses and other assets (1,238) (6,921)
Accounts payable 31,863 23,404
Accrued expenses (6,420) 622
Other long-term obligations (80) 315
Net cash used by operating activities (13,313) (481)
Cash flows from investing activities:    
Additions to property and equipment (12,968) (5,256)
Payments to acquire companies, net of cash acquired (60,042) (68,529)
Proceeds from the sale of business, facility and other assets 7,960 0
Change in restricted cash (71) 1,218
Investment in equity method investee (2,000) 0
Other investing activities (265) (200)
Net cash used in investing activities (67,386) (72,767)
Cash flows from financing activities:    
Repayments of long-term debt (74) (400,072)
Proceeds from issuance of long-term debt 0 400,000
Borrowings under revolving line of credit 1,000 79,000
Repayments under revolving line of credit (1,000) (37,000)
Repurchase of common stock, including shares surrendered for tax withholding (7,913) (1,167)
Payment of contingent consideration liability (860) 0
Distribution to noncontrolling interest (1,018) (592)
Payment of financing costs 0 (6,324)
Excess tax benefits from stock-based awards 4,356 900
Net cash provided (used) in financing activities (5,509) 34,745
Effect of exchange rate changes on cash and cash equivalents (193) (75)
Net decrease in cash and cash equivalents (86,401) (38,578)
Cash and equivalents at beginning of period 92,982 47,584
Cash and equivalents at end of period 6,581 9,006
Supplemental information:    
Cash paid for interest $ 13,034 $ 17,844