Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (unaudited)

v3.20.4
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 26, 2020
Dec. 28, 2019
Cash flows from operating activities:    
Net income (loss) $ 5,642 $ (4,539)
Adjustments to reconcile net income (loss) to net cash used by operating activities:    
Depreciation and amortization 12,915 13,140
Amortization of deferred financing costs 475 446
Non-cash lease expense 9,087 8,513
Stock-based compensation 4,669 4,152
Debt extinguishment costs 8,577 0
Loss on sale of business 2,611 0
Deferred income taxes 973 1,890
Gain on sale of property and equipment (664) (8)
Other 210 474
Change in assets and liabilities (excluding businesses acquired):    
Accounts receivable 68,929 32,173
Inventories (137,635) (89,327)
Prepaid expenses and other assets (1,362) (8,065)
Accounts payable 10,134 35,700
Accrued expenses (13,393) (4,422)
Other long-term obligations 1,437 115
Operating lease liabilities (8,720) (8,264)
Net cash used by operating activities (36,115) (18,022)
Cash flows from investing activities:    
Additions to plant, property and equipment (14,661) (9,877)
Payments to acquire companies, net of cash acquired (80,887) 0
Proceeds from the sale of business 2,400 0
Investments 0 (424)
Other investing activities (223) (75)
Net cash used in investing activities (93,371) (10,376)
Cash flows from financing activities:    
Repayments of long-term debt (400,024) (31)
Proceeds from issuance of long-term debt 500,000 0
Premium paid on extinguishment of debt (6,124) 0
Repurchase of common stock, including shares surrendered for tax withholding (871) (23,054)
Payment of contingent consideration liability (110) (77)
Distribution to noncontrolling interest (478) 0
Payment of financing costs (8,031) (869)
Net cash provided (used) by financing activities 84,362 (24,031)
Effect of exchange rate changes on cash and cash equivalents 682 531
Net decrease in cash, cash equivalents and restricted cash (44,442) (51,898)
Cash, cash equivalents and restricted cash at beginning of period 666,397 510,701
Cash, cash equivalents and restricted cash at end of period 621,955 458,803
Supplemental information:    
Cash paid for interest $ 13,180 $ 12,944