Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.1.9
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Dec. 27, 2014
Dec. 28, 2013
Cash flows from operating activities:    
Net loss $ (5,693)us-gaap_ProfitLoss $ (12,812)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 8,464us-gaap_DepreciationDepletionAndAmortization 8,320us-gaap_DepreciationDepletionAndAmortization
Stock-based compensation 1,592us-gaap_ShareBasedCompensation 1,780us-gaap_ShareBasedCompensation
Excess tax benefits from stock-based awards (40)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (171)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Deferred income taxes 2,500us-gaap_DeferredIncomeTaxExpenseBenefit 2,361us-gaap_DeferredIncomeTaxExpenseBenefit
Write-off of deferred financing costs 0us-gaap_WriteOffOfDeferredDebtIssuanceCost 1,731us-gaap_WriteOffOfDeferredDebtIssuanceCost
Loss on sale of property and equipment 44us-gaap_GainLossOnDispositionOfAssets 23us-gaap_GainLossOnDispositionOfAssets
Change in assets and liabilities:    
Accounts receivable 50,650us-gaap_IncreaseDecreaseInAccountsReceivable 51,255us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (73,868)us-gaap_IncreaseDecreaseInInventories (35,340)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other assets (15,098)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (13,743)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable 40,090us-gaap_IncreaseDecreaseInAccountsPayable 16,952us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses 7,124us-gaap_IncreaseDecreaseInAccruedLiabilities 9,972us-gaap_IncreaseDecreaseInAccruedLiabilities
Other long-term obligations 87us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities (319)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities
Net cash provided by operating activities 15,852us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 30,009us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Additions to property and equipment (4,069)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (5,377)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Change in restricted cash (5,407)us-gaap_IncreaseDecreaseInRestrictedCash 0us-gaap_IncreaseDecreaseInRestrictedCash
Investment in short term investments (12)us-gaap_PaymentsToAcquireShortTermInvestments 0us-gaap_PaymentsToAcquireShortTermInvestments
Proceeds from short term investments 0us-gaap_ProceedsFromSaleOfShortTermInvestments 3,600us-gaap_ProceedsFromSaleOfShortTermInvestments
Net cash used in investing activities (9,488)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (1,777)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Repayments of long-term debt (72)us-gaap_RepaymentsOfLongTermDebt (76)us-gaap_RepaymentsOfLongTermDebt
Proceeds from issuance of common stock 188us-gaap_ProceedsFromIssuanceOfCommonStock 200us-gaap_ProceedsFromIssuanceOfCommonStock
Borrowings under revolving line of credit 0us-gaap_ProceedsFromLinesOfCredit 45,000us-gaap_ProceedsFromLinesOfCredit
Repayments under revolving line of credit 0us-gaap_RepaymentsOfLinesOfCredit (68,000)us-gaap_RepaymentsOfLinesOfCredit
Payment of deferred financing costs 0us-gaap_PaymentsOfFinancingCosts (2,985)us-gaap_PaymentsOfFinancingCosts
Repurchase of common stock (3,742)us-gaap_PaymentsForRepurchaseOfCommonStock (401)us-gaap_PaymentsForRepurchaseOfCommonStock
Distribution to noncontrolling interest (1,680)us-gaap_PaymentsOfDividendsMinorityInterest (633)us-gaap_PaymentsOfDividendsMinorityInterest
Excess tax benefits from stock-based awards 40us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 171us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Net cash used in financing activities (5,266)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (26,724)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash and cash equivalents (186)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 47us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase in cash and cash equivalents 912us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1,555us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and equivalents at beginning of period 78,676us-gaap_CashAndCashEquivalentsAtCarryingValue 15,156us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and equivalents at end of period 79,588us-gaap_CashAndCashEquivalentsAtCarryingValue 16,711us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental information:    
Cash paid for interest 848us-gaap_InterestPaid 2,998us-gaap_InterestPaid
Cash paid for income taxes, net of refunds 116us-gaap_IncomeTaxesPaidNet (1,063)us-gaap_IncomeTaxesPaidNet
Non-cash investing activities:    
Capital expenditures incurred but not paid $ 5us-gaap_CapitalExpendituresIncurredButNotYetPaid $ 938us-gaap_CapitalExpendituresIncurredButNotYetPaid