Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

v2.3.0.15
Consolidated Statements Of Cash Flows (USD $)
In Thousands
 12 Months Ended
Sep. 24, 2011
Sep. 25, 2010
Sep. 26, 2009
Cash flows from operating activities:      
Net income $ 28,382 $ 47,796 $ 67,609
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 28,566 28,869 29,155
Stock-based compensation 7,447 5,556 10,646
Excess tax benefits from stock-based awards (945) (836) (542)
Deferred income taxes 25,289 17,420 25,713
Reversal of property sale gain 0 0 4,700
Loss on extinguishment of debt 0 3,633 0
(Gain) loss on sale of a business, property and equipment 110 395 (805)
Intangible asset impairments 0 12,000 0
Proceeds from interest rate swap termination, net of amounts reclassified into earnings 0 0 1,901
Changes in assets and liabilities (excluding businesses acquired):      
Receivables 37 14,132 50,046
Inventories (31,683) (1,227) 62,886
Prepaid expenses and other assets (3,339) 3,677 672
Accounts payable 7,404 2,918 (24,517)
Accrued expenses (9,899) 981 (3,315)
Other long-term obligations (361) (85) (2,511)
Net cash provided by operating activities 51,008 135,229 221,638
Cash flows from investing activities:      
Additions to property (31,563) (24,190) (16,505)
Businesses acquired, net of cash acquired (25,307) (1,756) (6,549)
Return of equity method investment 3,133 0 0
Proceeds from business, property and equipment sales 0 0 2,512
Investment in short-term investments (2,500) (15,320) 0
Net cash used in investing activities (56,237) (41,266) (20,542)
Cash flows from financing activities:      
Repayments on revolving line of credit (668,000) (10,000) (551,000)
Borrowings on revolving line of credit 703,000 10,000 473,000
Repayments of long-term debt (335) (407,924) (25,001)
Issuance of long-term debt 0 400,000 0
Proceeds from issuance of common stock 1,675 1,294 479
Excess tax benefits from stock-based awards 945 836 542
Repurchase of common stock, including shares surrendered for tax withholding (108,727) (66,901) (37,821)
Distribution to noncontrolling interest (1,500) (2,761) (2,082)
Payment of financing costs (1,055) (12,711) (128)
Net cash used in financing activities (73,997) (88,167) (142,011)
Effect of exchange rate changes on cash and equivalents (203) (4) (346)
Net (decrease) increase in cash and cash equivalents (79,429) 5,792 58,739
Cash and cash equivalents at beginning of year 91,460 85,668 26,929
Cash and cash equivalents at end of year 12,031 91,460 85,668
Supplemental information:      
Cash paid for interest 37,936 31,572 22,876
Cash paid for income taxes - net of refunds (947) 10,415 18,168
Non-cash investing activities:      
Capital expenditures incurred but not paid 1,974 2,098 1,248
Non-cash financing activities:      
Repurchased shares not yet settled 2,211 889 0
Offset of subordinated notes with escrow 0 0 12,825
Restricted share stock bonus $ 0 $ 0 $ 6,222