XML 21 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Oct. 01, 2016
Oct. 03, 2015
Sep. 27, 2014
Cash flows from operating activities      
Net income $ 6,900 $ 14,932 $ 2,757
Loss (income) from discontinued operations, net of tax 328 129 (42)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 8,046 8,790 9,898
Amortization of debt costs 3,007 3,010 1,301
Share-based compensation 12,717 1,635 0
Equity in net income of affiliate (2,877) (2,634) (1,210)
Loss (gain) on disposal of fixed assets 72 510 (67)
Deferred taxes 8,957 (8,626) 3,239
Recognition of uncertain tax position 0 0 6,390
Provision for bad debt (5) 34 (9)
Amortization of deferred actuarial pension losses 4,787 3,567 2,804
Changes in assets and liabilities      
Accounts receivable (6,564) 7,435 (7,713)
Inventories (4,626) 22,120 (8,697)
Other assets (2,457) (137) (1,415)
Accounts payable (830) (12,905) 18,080
Accrued expenses, pension and other liabilities (4,474) (14,365) 12,096
Dividend from equity investment in affiliate 2,316 0 0
Total adjustments 18,069 8,434 34,697
Net cash provided by continuing operations 25,297 23,495 37,412
Net cash used in discontinued operations (192) (129) (568)
Total cash provided by operating activities 25,105 23,366 36,844
Cash flows from investing activities      
Change in net investment in discounted leases 0 0 778
Cash paid for fixed assets and acquired intangible assets (9,583) (5,190) (5,535)
Proceeds from sale of assets 0 0 102
Restricted cash 0 0 1,206
Total cash used in investing activities (9,583) (5,190) (3,449)
Cash flows from financing activities      
Net borrowings under the senior credit facility 0 0 (71)
Borrowings under the senior term loan 0 0 235,000
Repayments under the senior term loan (36,750) (36,750) (13,000)
Cash paid for capital leases (221) (142) (535)
Cash paid for debt costs (1,117) (3,110) (12,647)
Contributions from former majority stockholder 16,971 13,550 0
Payment of dividends on preferred stock (2,881) 0 0
Payment of dividend to former majority stockholder 0 0 (226,821)
Cash paid for employee taxes on vested restricted shares and stock options (3,892) 0 0
Proceeds from exercises of warrants 11,816 0 0
Change in advances collateralized by discounted leases 0 0 (778)
Total cash used in financing activities (16,074) (26,452) (18,852)
Change in cash and cash equivalents (552) (8,276) 14,543
Cash and cash equivalents, beginning of year 52,861 61,137 46,594
Cash and cash equivalents, end of year 52,309 52,861 61,137
Supplemental disclosures of cash flow information      
Interest paid, net of interest received 13,315 20,011 1,441
Income tax paid, net of tax refunds 159 7,145 1,376
Non-cash Investing and Financing Activities:      
Capital lease acquisitions 100 563 166
Change in accounts payable and other assets for capital additions to property, plant and equipment and intangible assets 2,081 671 383
Common stock dividend on Series A preferred stock (market value of common shares) 998 2,247 0
Cashless exercise of stock options 2,312 0 0
Non-Cash Reverse Merger Activity:      
Issuance of Common Stock 0 25,000 0
Issuance of Series A Preferred Stock 0 50,000 0
Shares assumed by legal acquirer 0 42,492 0
Repurchase of Common Stock from majority stockholder $ 0 $ 100,000 $ 0