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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Apr. 23, 2016
Apr. 25, 2015
OPERATING ACTIVITIES:    
Net income $ 79,380 $ 50,497
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisitions:    
Depreciation and amortization 88,930 70,179
Deferred income tax provision 27,969 4,024
Stock-based compensation 12,600 10,773
Bad debt expense, net 1,005 308
Gain on sale of fixed assets (6,213) (6,249)
Write-off of deferred financing fees and premium on long-term debt 2,017 0
Amortization of debt discount 10,119 0
Amortization of debt issuance costs and other 1,981 1,194
Excess tax benefit from share-based awards (11,384) (5,224)
Change in operating assets and liabilities:    
Accounts receivable, net (29,667) 8,602
Costs and estimated earnings in excess of billings, net (77,180) (17,225)
Other current assets and inventory (11,000) (2,041)
Other assets (2,867) (7,511)
Income taxes receivable/payable (10,622) (1,317)
Accounts payable 6,827 (1,224)
Accrued liabilities, insurance claims, and other liabilities (2,922) 18,798
Net cash provided by operating activities 78,973 123,584
INVESTING ACTIVITIES:    
Cash paid for acquisitions, net of cash acquired (48,804) (9,821)
Capital expenditures (138,721) (76,825)
Proceeds from sale of assets 6,432 6,764
Payments for (Proceeds from) Other Investing Activities 0 (4,000)
Other investing activities (479) (541)
Net cash used in investing activities (181,572) (84,423)
FINANCING ACTIVITIES:    
Proceeds from borrowings on senior credit agreement, including term loan 773,000 310,750
Principal payments on senior credit agreement, including term loan (654,250) (321,563)
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) (3,527)
Repurchases of common stock (169,997) (30,687)
Exercise of stock options 1,816 6,842
Restricted stock tax withholdings (12,146) (4,330)
Excess tax benefit from share-based awards 11,384 5,224
Net cash provided by (used in) financing activities 100,637 (37,291)
Net (decrease) increase in cash and equivalents (1,962) 1,870
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 21,289 20,672
CASH AND EQUIVALENTS AT END OF PERIOD 19,327 22,542
SUPPLEMENTAL DISCLOSURE OF OTHER CASH FLOW ACTIVITIES AND NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Cash paid for interest 12,765 14,241
Cash paid for taxes, net 31,205 29,659
Purchases of capital assets included in accounts payable or other accrued liabilities at period end $ 7,120 $ 4,160