XML 61 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Jul. 28, 2012
Jul. 30, 2011
Jul. 31, 2010
OPERATING ACTIVITIES:      
Net income $ 39,378 $ 16,107 $ 5,849
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 62,693 62,533 63,607
Bad debt expense (recovery), net 186 (23) 198
Gain on sale of fixed assets (15,430) (10,216) (7,677)
Write-off of deferred financing costs 0 2,337 0
Deferred income tax provision 9,874 14,728 1,921
Non-cash stock-based compensation 6,782 4,409 3,351
Amortization of debt issuance costs 1,297 1,295 1,114
Excess tax benefit from share-based awards (1,625) 0 (69)
Other (105) 87 52
Change in operating assets and liabilities:      
Accounts receivable, net (3,421) (21,665) 4,617
Costs and estimated earnings in excess of billings, net (35,693) (23,157) 776
Other current assets and inventory (6,403) (5,014) (6,348)
Other assets 62 617 (1,004)
Income taxes receivable 5,747 (5,025) 3,294
Accounts payable 2,978 2,580 (1,557)
Accrued liabilities, insurance claims, and other liabilities (1,195) 4,264 (13,986)
Net cash provided by operating activities 65,125 43,857 54,138
INVESTING ACTIVITIES:      
Capital expenditures (77,612) (61,457) (55,376)
Proceeds from sale of assets 24,783 12,305 8,768
Cash paid for acquisitions 0 (36,451) 0
Changes in restricted cash 926 225 0
Net cash used in investing activities (51,903) (85,378) (46,608)
FINANCING ACTIVITIES:      
Repurchases of common stock (12,960) (64,548) (4,489)
Exercise of stock options and other 6,490 1,321 33
Restricted stock tax withholdings (329) (197) (274)
Excess tax benefit from share-based awards 1,625 0 69
Principal payments on capital lease obligations (233) (582) (1,023)
Debt issuance costs 0 (5,177) (3,233)
Proceeds from issuance of 7.125% senior subordinated notes due 2021 0 187,500 0
Purchase of 8.125% senior subordinated notes due 2015 0 (135,350) 0
Net cash used in financing activities (5,407) (17,033) (8,917)
Net increase (decrease) in cash and equivalents 7,815 (58,554) (1,387)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 44,766 103,320 104,707
CASH AND EQUIVALENTS AT END OF PERIOD 52,581 44,766 103,320
Cash paid during the period for:      
Interest 15,443 17,296 13,131
Income taxes 10,722 3,481 6,208
Purchases of capital assets included in accounts payable or other accrued liabilities at period end $ 4,593 $ 10,173 $ 885