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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jan. 23, 2016
Jan. 24, 2015
OPERATING ACTIVITIES:    
Net income $ 46,297 $ 30,239
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisitions:    
Depreciation and amortization 57,347 46,193
Deferred income tax provision 23,442 1,371
Stock-based compensation 8,708 7,554
Bad debt expense, net 471 327
Gain on sale of fixed assets (2,152) (3,182)
Write-off of deferred financing fees and premium on long-term debt 2,017 0
Amortization of debt discount 5,928 0
Amortization of debt issuance costs and other 1,285 793
Excess tax benefit from share-based awards (11,323) (2,426)
Change in operating assets and liabilities:    
Accounts receivable, net 7,797 6,955
Costs and estimated earnings in excess of billings, net (18,221) 20,577
Other current assets and inventory (9,194) 152
Other assets (3,827) (2,926)
Income taxes receivable/payable (24,438) (9,120)
Accounts payable (15,299) (11,934)
Accrued liabilities, insurance claims, and other liabilities (22,309) (1,318)
Net cash provided by operating activities 46,529 83,255
INVESTING ACTIVITIES:    
Cash paid for acquisitions, net of cash acquired (48,804) (9,821)
Capital expenditures (90,878) (38,772)
Proceeds from sale of assets 2,748 4,039
Changes in restricted cash (479) (541)
Net cash used in investing activities (137,413) (45,095)
FINANCING ACTIVITIES:    
Proceeds from borrowings on senior credit agreement, including term loan 449,000 175,000
Principal payments on senior credit agreement, including term loan (441,000) (198,688)
Proceeds from issuance of 0.75% senior convertible notes due 2021 485,000 0
Proceeds from sale of warrants 74,690 0
Purchase of convertible note hedge (115,818) 0
Principal payments for satisfaction and discharge of 7.125% senior subordinated notes (277,500) 0
Debt issuance costs (15,542) 0
Repurchases of common stock (69,997) (17,147)
Exercise of stock options 1,751 2,335
Restricted stock tax withholdings (12,146) (4,330)
Excess tax benefit from share-based awards 11,323 2,426
Net cash provided by (used in) financing activities 89,761 (40,404)
Net decrease in cash and equivalents (1,123) (2,244)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 21,289 20,672
CASH AND EQUIVALENTS AT END OF PERIOD 20,166 18,428
Cash paid during the period for:    
Interest 8,927 12,769
Income taxes 30,198 28,136
Purchases of capital assets included in accounts payable or other accrued liabilities at period end $ 8,310 $ 2,577