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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jan. 27, 2018
Jul. 29, 2017
Jul. 30, 2016
Jul. 25, 2015
OPERATING ACTIVITIES:        
Net income $ 68,835 $ 157,217 $ 128,740 $ 84,324
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisitions:        
Depreciation and amortization 85,053 147,906 124,940 96,044
Deferred income tax (benefit) provision (19,665) 18,233 26,782 1,244
Stock-based compensation 13,277 20,805 16,850 13,923
Bad debt expense, net 201 199 1,252 465
Gain on sale of fixed assets (7,217) (14,866) (9,806) (7,110)
Write-off of deferred financing fees and premium on long-term debt 0 0 2,017 0
Amortization of premium on long-term debt 0 0 (94) (397)
Amortization of debt discount 9,170 17,610 14,709 0
Amortization of debt issuance costs and other 1,736 3,323 2,875 2,040
Excess tax benefit from share-based awards 0 (8,385) (13,003) (8,371)
Change in operating assets and liabilities:        
Accounts receivable, net 50,955 (33,068) 2,729 (40,444)
Costs and estimated earnings in excess of billings, net 16,982 (27,773) (70,957) (41,021)
Other current assets and inventory (67) (13,232) (13,800) (1,138)
Other assets 1,630 2,064 (2,936) (6,875)
Income taxes receivable/payable (6,716) (13,189) 20,148 11,758
Accounts payable (21,503) 977 15,132 7,114
Accrued liabilities, insurance claims, and other liabilities (32,138) (1,378) 15,910 30,344
Net cash provided by operating activities 160,533 256,443 261,488 141,900
INVESTING ACTIVITIES:        
Cash paid for acquisitions, net of cash acquired 0 (26,070) (157,183) (31,909)
Capital expenditures (87,839) (201,197) (186,011) (102,997)
Proceeds from sale of assets 11,808 16,029 10,540 9,392
Changes in restricted cash and other (745) 266 (479) (538)
Proceeds from acquisition working capital adjustment 0 1,825 0 0
Other investing activities 0 0 0 (4,000)
Net cash used in investing activities (76,776) (209,147) (333,133) (130,052)
FINANCING ACTIVITIES:        
Proceeds from borrowings on senior credit agreement, including term loans 0 707,000 1,310,000 535,750
Principal payments on senior credit agreement, including term loans (9,625) (685,563) (1,209,000) (467,563)
Repurchase of common stock (16,875) (62,909) (169,997) (87,146)
Proceeds from issuance of 0.75% convertible senior notes due 2021 0 0 485,000 0
Proceeds from sale of warrants 0 0 74,690 0
Purchase of convertible note hedge 0 0 (115,818) 0
Principal payments for satisfaction and discharge of 7.125% senior subordinated notes 0 0 (277,500) 0
Debt issuance costs 0 (70) (16,376) (3,854)
Exercise of stock options 745 1,449 2,745 8,922
Restricted stock tax withholdings (12,581) (10,767) (12,604) (4,711)
Excess tax benefit from share-based awards 0 8,385 13,003 8,371
Principal payments on other financing activities 0 0 0 (1,000)
Net cash (used in) provided by financing activities (38,336) (42,475) 84,143 (11,231)
Net increase in cash and equivalents 45,421 4,821 12,498 617
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 38,608 33,787 21,289 20,672
CASH AND EQUIVALENTS AT END OF PERIOD 84,029 38,608 33,787 21,289
SUPPLEMENTAL DISCLOSURE OF OTHER CASH FLOW ACTIVITIES AND NON-CASH INVESTING AND FINANCING ACTIVITIES:        
Cash paid for interest 7,748 16,505 15,917 25,369
Cash paid for taxes, net 4,749 88,060 31,159 39,057
Purchases of capital assets included in accounts payable or other accrued liabilities at period end $ 1,634 $ 21,978 $ 7,196 $ 2,372