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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Cash Flows from Operating Activities    
Net income $ 38,246 $ 50,568
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Stock-based compensation 7,298 5,378
Fair value adjustment to acquired inventory 1,141 0
Net periodic pension benefit cost 871 890
Depreciation and amortization 28,153 25,858
(Gain) loss on sale or disposal of property and equipment 552 171
Amortization of debt issuance costs 2,807 3,824
Deferred income taxes (1,430) (30,189)
Bad debt provision (recovery), net 586 1,344
Other 0 (111)
Changes in operating assets and liabilities    
Accounts receivable and unbilled accounts receivable (15,444) 22,915
Inventories, net 1,013 (15,158)
Prepaid expenses (2,310) (784)
Accounts payable (11,361) (283)
Accrued payroll and related costs (1,396) (10,525)
Advance payments from customers (6,390) 1,987
Accrued warranty costs (1,571) (422)
Other assets and liabilities 9,205 (3,352)
Net Cash Provided by (Used in) Operating Activities 49,970 52,111
Cash Flows from Investing Activities    
Purchases of property and equipment (17,377) (9,777)
Proceeds from sale of property and equipment 10 69
Purchases of business, net of acquired cash (83,526) 0
Other (285) 823
Net Cash Provided by (Used in) Investing Activities (101,178) (8,885)
Cash Flows from Financing Activities    
Proceeds from issuance of long-term debt 80,391 0
Payment of long-term debt (3,861) (63,233)
Payment of debt component of tangible equity units (4,818) (6,805)
Payment of debt issuance costs for revolving credit facility (542) 0
Receipts under short-term borrowings 35,000 12,750
Payments under short-term borrowings (35,000) (12,750)
Cash dividends (16,099) (15,958)
Proceeds from exercise of stock options and employee stock purchase plan 1,697 1,701
Payments to purchase and retire common stock (1,384) (1,306)
Net Cash Provided by (Used in) Financing Activities 55,384 (85,601)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (245) 45
Cash and Cash Equivalents    
Increase (decrease) during the period 3,931 (42,330)
Balance, beginning of period 71,804 108,733
Balance, end of period 75,735 66,403
Cash paid during the period for    
Interest 18,244 16,768
Income taxes 9,295 7,645
Non-cash investing and financing activities    
Dividends declared not yet paid $ 5,568 $ 5,354