Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2018
Jun. 24, 2017
Cash flows from operating activities:    
Net income $ 113,753 $ 75,927
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and amortization 34,872 31,374
Amortization of deferred financing costs 1,290 1,021
Stock-based compensation 8,567 8,189
Excess tax benefits from stock-based awards 0 (17,205)
Deferred income taxes (13,447) 10,420
(Gain) loss on sale of property and equipment (18) 96
Gain on sale of facility 0 (2,050)
Other 2,732 1,241
Change in assets and liabilities (excluding businesses acquired):    
Accounts receivable (101,608) (74,234)
Inventories (14,856) (17,347)
Prepaid expenses and other assets (14,290) 11,774
Accounts payable (1,113) 2,901
Accrued expenses 216 10,629
Other long-term obligations 1,664 (88)
Net cash provided by operating activities 17,762 42,648
Cash flows from investing activities:    
Additions to property and equipment (27,003) (37,087)
Payments to acquire companies, net of cash acquired (86,777) (106,821)
Proceeds from the sale of business, facility and other assets 0 8,301
Change in restricted cash (1,333) (89)
Investments (8,048) (11,495)
Other investing activities (2,655) (2,735)
Net cash used in investing activities (125,816) (149,926)
Cash flows from financing activities:    
Repayments of long-term debt (395) (456)
Proceeds from issuance of long-term debt 300,000 0
Borrowings under revolving line of credit 23,000 456,000
Repayments under revolving line of credit (23,000) (416,000)
Repurchase of common stock, including shares surrendered for tax withholding (12,942) (25,654)
Payment of contingent consideration liability (204) (1,222)
Distribution to noncontrolling interest (1,597) (1,019)
Payment of financing costs (4,770) 0
Excess tax benefits from stock-based awards 0 17,205
Net cash provided by financing activities 280,092 28,854
Effect of exchange rate changes on cash and cash equivalents (47) (85)
Net increase (decrease) in cash and cash equivalents 171,991 (78,509)
Cash and equivalents at beginning of period 32,397 92,982
Cash and equivalents at end of period 204,388 14,473
Supplemental information:    
Cash paid for interest 26,297 27,075
Cash paid for income taxes $ 18,474 $ 5,414