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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
6 Months Ended 12 Months Ended
Jan. 27, 2018
USD ($)
Jan. 26, 2019
USD ($)
Jul. 29, 2017
USD ($)
Jul. 30, 2016
USD ($)
OPERATING ACTIVITIES:        
Net income $ 68,835 $ 62,907 $ 157,217 $ 128,740
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisitions:        
Depreciation and amortization 85,053 179,603 147,906 124,940
Deferred income tax provision (benefit) (19,665) 8,523 18,233 26,782
Stock-based compensation 13,277 20,187 20,805 16,850
Bad debt expense, net 201 17,071 199 1,252
Gain on sale of fixed assets (7,217) (19,390) (14,866) (9,806)
Gain (Loss) on Extinguishment of Debt 0 0 0 16,260
Amortization Of Premium On Long-Term Debt 0 0 0 (94)
Amortization of debt discount 9,170 19,103 17,610 14,709
Amortization of debt issuance costs and other 1,736 3,686 3,323 2,875
Excess tax benefit from share-based awards 0 0 (8,385) (13,003)
Change in operating assets and liabilities:        
Accounts receivable, net 50,955 (30,750) (33,068) 2,729
Contract assets, net 16,982 (149,828) (27,773) (70,957)
Other current assets and inventories (67) (15,842) (13,232) (13,800)
Other assets 1,630 (25,110) 2,064 (2,936)
Income taxes receivable/payable (6,716) 10,357 (13,189) 20,148
Accounts payable (21,503) 20,064 977 15,132
Accrued liabilities, insurance claims, and other liabilities (32,138) 23,866 (1,378) 15,910
Net cash provided by operating activities 160,533 124,447 256,443 275,731
INVESTING ACTIVITIES:        
Capital expenditures 0 (20,917) (26,070) (157,183)
Cash paid for acquisitions, net of cash acquired (87,839) (164,963) (201,197) (186,011)
Proceeds from sale of assets 11,808 22,949 16,029 10,540
Other investing activities 0 0 1,825 0
Other investing activities 0 1,576 666 0
Net cash used in investing activities (76,031) (161,355) (208,747) (332,654)
FINANCING ACTIVITIES:        
Proceeds from borrowings on senior credit agreement, including term loans 0 423,188 707,000 1,310,000
Principal payments on senior credit agreement, including term loans (9,625) (331,250) (685,563) (1,209,000)
Repurchase of common stock (16,875) 0 (62,909) (169,997)
Proceeds from issuance of 0.75% convertible senior notes due 2021 0 0 0 485,000
Proceeds from sale of warrants 0 0 0 74,690
Purchase of convertible note hedge 0 0 0 (115,818)
Principal payments for satisfaction and discharge of 7.125% senior subordinated notes 0 0 0 (277,500)
Payment for Debt Extinguishment or Debt Prepayment Cost 0 0 0 (14,243)
Debt issuance costs 0 (7,275) (70) (16,376)
Exercise of stock options 745 871 1,449 2,745
Restricted stock tax withholdings (12,581) (4,657) (10,767) (12,604)
Excess tax benefit from share-based awards 0 0 8,385 13,003
Net cash provided by (used in) financing activities (38,336) 80,877 (42,475) 69,900
Net increase in cash and equivalents and restricted cash 46,166 43,969 5,221 12,977
CASH AND EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD   84,029    
CASH AND EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 84,029 128,342    
SUPPLEMENTAL DISCLOSURE OF OTHER CASH FLOW ACTIVITIES AND NON-CASH INVESTING AND FINANCING ACTIVITIES:        
Cash paid for interest 7,748 22,312 16,505 15,917
Cash paid for taxes, net 4,749 6,396 88,060 31,159
Purchases of capital assets included in accounts payable or other accrued liabilities at period end 1,634 6,795 21,978 7,196
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 90,182 $ 134,151 $ 44,016 $ 38,795