Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2018
Mar. 25, 2017
Cash flows from operating activities:    
Net income $ 72,216 $ 43,038
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and amortization 22,285 20,344
Amortization of deferred financing costs 833 681
Stock-based compensation 5,536 5,279
Excess tax benefits from stock-based awards 0 (13,166)
Deferred income taxes (14,763) 6,530
(Gain) loss on sale of property and equipment (11) 40
Gain on sale of facility 0 (2,050)
Other 2,984 1,085
Change in assets and liabilities (excluding businesses acquired):    
Accounts receivable (154,712) (139,319)
Inventories (57,965) (63,775)
Prepaid expenses and other assets (10,273) 6,919
Accounts payable 40,712 38,041
Accrued expenses (1,848) 502
Other long-term obligations 1,048 (391)
Net cash used by operating activities (93,958) (96,242)
Cash flows from investing activities:    
Additions to property and equipment (17,566) (26,794)
Payments to acquire companies, net of cash acquired (63,372) (60,042)
Proceeds from the sale of business, facility and other assets 0 8,268
Change in restricted cash (1,303) (78)
Investments (6,555) (2,000)
Other investing activities (2,180) (1,395)
Net cash used in investing activities (90,976) (82,041)
Cash flows from financing activities:    
Repayments of long-term debt (360) (449)
Proceeds from issuance of long-term debt 300,000 0
Borrowings under revolving line of credit 23,000 216,000
Repayments under revolving line of credit (23,000) (115,000)
Repurchase of common stock, including shares surrendered for tax withholding (8,473) (20,172)
Payment of contingent consideration liability (123) (894)
Distribution to noncontrolling interest (1,597) (1,019)
Payment of financing costs (4,765) 0
Excess tax benefits from stock-based awards 0 13,166
Net cash provided by financing activities 284,682 91,632
Effect of exchange rate changes on cash and cash equivalents 120 (162)
Net increase (decrease) in cash and cash equivalents 99,868 (86,813)
Cash and equivalents at beginning of period 32,397 92,982
Cash and equivalents at end of period 132,265 6,169
Supplemental information:    
Cash paid for interest $ 13,397 $ 13,612