Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Sep. 27, 2014
Sep. 28, 2013
Sep. 29, 2012
Cash flows from operating activities:      
Net income (loss) $ 9,821 $ (900) $ 22,113
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:      
Depreciation and amortization 35,781 32,968 30,425
Stock-based compensation 7,678 15,892 7,510
Excess tax benefits from stock-based awards (498) (388) (1,881)
Deferred income taxes 5,548 (3,233) 14,411
Gain on sale of property and equipment (4,875) 0 0
Loss on disposal of property, plant and equipment 1,063 547 180
Write-off of deferred financing costs 1,731 0 0
Other long-lived asset impairments 5,870 0 0
Unrealized (gains) losses on derivative financial instruments 0 0 (83)
Goodwill impairment 0 7,709 0
Other 249 370 0
Changes in assets and liabilities (excluding businesses acquired):      
Receivables 2,655 8,185 (6,841)
Inventories 69,698 (61,697) (164)
Prepaid expenses and other assets 1,931 4,798 7,549
Accounts payable (16,321) (23,866) 9,805
Accrued expenses 8,442 (7,781) 4,955
Other long-term obligations (2,306) (886) 1,190
Net cash provided (used) by operating activities 126,467 (28,282) 89,169
Cash flows from investing activities:      
Additions to property, plant and equipment (17,173) (25,172) (39,592)
Businesses acquired, net of cash acquired (20,282) (4,835) 0
Proceeds from disposals of land, buildings, etc. 8,737 0 0
Change in restricted cash and cash equivalents. (14,283) 0 0
Maturities of short-term investments. 17,820 4,885 0
Investment in short-term investments (10,000) 0 (4,885)
Net cash (used) provided by investing activities (35,181) (25,122) (44,477)
Cash flows from financing activities:      
Repayments on revolving line of credit (301,000) (368,000) (339,000)
Borrowings on revolving line of credit 278,000 391,000 304,000
Repayments of long-term debt (367) (332) (353)
Issuance of long-term debt 0 0 49,312
Proceeds from issuance of common stock 1,165 613 2,129
Excess tax benefits from stock-based awards 498 388 1,881
Repurchase of common stock, including shares surrendered for tax withholding (2,332) (2,731) (24,829)
Distribution to noncontrolling interest (633) (629) 0
Payment of financing costs (3,090) 0 (1,715)
Net cash provided (used) by financing activities (27,759) 20,309 (8,575)
Effect of exchange rate changes on cash and equivalents (7) (224) 327
Net (decrease) increase in cash and cash equivalents 63,520 (33,319) 36,444
Cash and cash equivalents at beginning of year 15,156 48,475 12,031
Cash and cash equivalents at end of year 78,676 15,156 48,475
Supplemental information:      
Cash paid for interest 41,549 42,960 40,930
Cash paid for income taxes - net of refunds 826 (2,493) (8,048)
Non-cash investing and financing activities:      
Capital expenditures incurred but not paid 238 926 1,677
Liability for contingent performance based payments 249 4,165 0
Restricted share stock bonus $ 4,086 $ 9,579 $ 948