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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Apr. 29, 2017
Apr. 23, 2016
OPERATING ACTIVITIES:    
Net income $ 113,509 $ 79,380
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisitions:    
Depreciation and amortization 107,662 88,930
Deferred income tax provision 5,917 27,969
Stock-based compensation 15,930 12,600
Bad debt expense, net 239 1,005
Gain on sale of fixed assets (8,220) (6,213)
Write-off of deferred financing fees and premium on long-term debt 0 2,017
Amortization of debt discount 13,111 10,119
Amortization of debt issuance costs and other 2,469 1,981
Excess tax benefit from share-based awards (8,047) (11,384)
Change in operating assets and liabilities:    
Accounts receivable, net (12,056) (29,667)
Costs and estimated earnings in excess of billings, net (75,005) (77,180)
Other current assets and inventory (23,339) (11,000)
Other assets 1,083 (2,867)
Income taxes receivable/payable (12,696) (10,622)
Accounts payable (1,356) 6,827
Accrued liabilities, insurance claims, and other liabilities (12,688) (2,922)
Net cash provided by operating activities 106,513 78,973
INVESTING ACTIVITIES:    
Capital expenditures (135,186) (138,721)
Proceeds from sale of assets 10,087 6,432
Cash paid for acquisitions, net of cash acquired (26,427) (48,804)
Proceeds from acquisition working capital adjustment 1,825 0
Changes in restricted cash and other 265 (479)
Net cash used in investing activities (149,436) (181,572)
FINANCING ACTIVITIES:    
Proceeds from borrowings on senior credit agreement, including term loans 640,000 773,000
Principal payments on senior credit agreement, including term loans (547,563) (654,250)
Repurchases of common stock (62,909) (169,997)
Proceeds from issuance of 0.75% convertible senior notes due 2021 0 485,000
Proceeds from sale of warrants 0 74,690
Purchase of convertible note hedge 0 (115,818)
Principal payments for satisfaction and discharge of 7.125% senior subordinated notes 0 (277,500)
Debt issuance costs (70) (15,542)
Exercise of stock options 1,434 1,816
Restricted stock tax withholdings (10,446) (12,146)
Excess tax benefit from share-based awards 8,047 11,384
Net cash provided by financing activities 28,493 100,637
Net decrease in cash and equivalents (14,430) (1,962)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 33,787 21,289
CASH AND EQUIVALENTS AT END OF PERIOD 19,357 19,327
SUPPLEMENTAL DISCLOSURE OF OTHER CASH FLOW ACTIVITIES AND NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Cash paid for interest 13,015 12,765
Cash paid for taxes, net 74,501 31,205
Purchases of capital assets included in accounts payable or other accrued liabilities at period end $ 9,579 $ 7,120