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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Cash Flows from Operating Activities    
Net income $ 5,306 $ 10,501
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Stock-based compensation 2,167 1,794
Fair value adjustment to acquired inventory 540 445
Net periodic pension benefit cost 462 292
Depreciation 5,662 5,144
Amortization 4,785 3,816
(Gain) loss on sale or disposal of property and equipment 612 161
Amortization of debt issuance costs 867 1,060
Deferred income taxes 66 (1,258)
Bad debt provision (recovery), net (460) 136
Changes in operating assets and liabilities    
Accounts receivable and unbilled accounts receivable 4,983 9,083
Inventories, net (9,716) (15,788)
Prepaid expenses (177) (2,288)
Accounts payable 913 (2,803)
Accrued payroll and related costs (12,410) (10,759)
Advance payments from customers (7,512) 3,265
Accrued warranty costs 572 (185)
Other assets and liabilities (2,403) 8,015
Net Cash Provided by (Used in) Operating Activities (5,743) 10,631
Cash Flows from Investing Activities    
Purchases of property and equipment (10,572) (3,773)
Proceeds from sale of property and equipment 0 10
Purchases of business, net of acquired cash 0 (78,032)
Other 0 (285)
Net Cash Provided by (Used in) Investing Activities (10,572) (82,080)
Cash Flows from Financing Activities    
Proceeds from issuance of long-term debt 0 80,391
Payment of long-term debt (1,283) (1,286)
Payment of debt issuance costs for long-term debt (88) 0
Payment of debt component of tangible equity units 0 (2,388)
Payment of debt issuance costs for revolving credit facility (564) (445)
Receipts under short-term borrowings 50,000 25,000
Payments under short-term borrowings (20,000) (25,000)
Cash dividends (5,739) (5,359)
Proceeds from exercise of stock options and employee stock purchase plan 41 38
Payments to purchase and retire common stock (835) (356)
Net Cash Provided by (Used in) Financing Activities 21,532 70,595
Effect of Exchange Rate Changes on Cash and Cash Equivalents 917 (512)
Cash and Cash Equivalents    
Increase (decrease) in cash and cash equivalents during the period 6,134 (1,366)
Cash and cash equivalents balance, beginning of period 57,937 71,804
Cash and cash equivalents balance, end of period 64,071 70,438
Cash paid during the period for    
Interest 1,918 5,292
Income taxes 2,069 2,006
Non-cash investing and financing activities    
Dividends declared not yet paid $ 5,704 $ 5,319