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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash Flows from Operating Activities    
Net income $ 8,624 $ 38,246
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Stock-based compensation 5,214 7,298
Fair value adjustment to acquired inventory 1,140 1,141
Net periodic pension benefit cost 1,386 871
Depreciation 17,287 15,485
Amortization 17,343 12,668
Accretion of contingent consideration 895 0
Contingent consideration fair value adjustment 1,301 0
(Gain) loss on sale or disposal of property and equipment 2,327 552
Amortization of debt issuance costs 2,220 2,807
Deferred income taxes 1,718 (1,430)
Bad debt provision (recovery), net (1,258) 586
Changes in operating assets and liabilities    
Accounts receivable and unbilled accounts receivable 13,903 (15,444)
Inventories, net (10,398) 1,013
Prepaid expenses 3,015 (2,310)
Accounts payable (6,421) (11,361)
Accrued payroll and related costs (8,722) (1,396)
Advance payments from customers (8,869) (6,390)
Accrued warranty costs 1,316 (1,571)
Other assets and liabilities (28,601) 9,205
Net Cash Provided by (Used in) Operating Activities 13,420 49,970
Cash Flows from Investing Activities    
Purchases of property and equipment (21,144) (17,377)
Proceeds from sale of property and equipment 0 10
Purchases of business, net of acquired cash (49,268) (83,526)
Other 87 (285)
Net Cash Provided by (Used in) Investing Activities (70,325) (101,178)
Cash Flows from Financing Activities    
Proceeds from issuance of long-term debt 58,576 80,391
Payment of long-term debt (4,180) (3,861)
Payment of debt issuance costs for long-term debt (88) 0
Payment of debt component of tangible equity units 0 (4,818)
Payment of debt issuance costs for revolving credit facility (564) (542)
Receipts under short-term borrowings 115,000 35,000
Payments under short-term borrowings (88,000) (35,000)
Cash dividends (17,205) (16,099)
Proceeds from exercise of stock options and employee stock purchase plan 630 1,697
Payments to purchase and retire common stock (1,176) (1,384)
Net Cash Provided by (Used in) Financing Activities 62,993 55,384
Effect of Exchange Rate Changes on Cash and Cash Equivalents 1,048 (245)
Cash and Cash Equivalents    
Increase (decrease) in cash and cash equivalents during the period 7,136 3,931
Cash and cash equivalents balance, beginning of period 57,937 71,804
Cash and cash equivalents balance, end of period 65,073 75,735
Cash paid during the period for    
Interest 19,645 18,244
Income taxes 10,317 9,295
Non-cash investing and financing activities    
Contingent consideration assumed in acquisition 19,180 0
Dividends declared not yet paid $ 0 $ 5,568