XML 18 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Apr. 02, 2017
Mar. 27, 2016
Cash flows from operating activities:    
Net income including noncontrolling interests $ 53,456 $ 26,978
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 23,234 21,410
Equity in income of unconsolidated joint ventures (2,489) (896)
Distributions of earnings from unconsolidated joint ventures 2,301 1,334
Stock-based compensation 6,610 6,147
Excess tax benefits from stock-based compensation   (211)
Deferred income taxes 19,851 7,109
Provision for doubtful accounts (2,028) 8,047
Fair value adjustments to contingent consideration (7,149) 2,823
Gain on disposal of property and equipment (266) (359)
Lease termination costs and related asset impairment   2,946
Changes in operating assets and liabilities, net of effects of business acquisitions:    
Accounts receivable 2,631 35,898
Prepaid expenses and other assets (7,587) (8,694)
Accounts payable (15,587) (27,176)
Accrued compensation (12,888) (23,038)
Billings in excess of costs on uncompleted contracts 25,139 (9,646)
Other liabilities (5,021) 3,330
Income taxes receivable/payable (29,843) (15,760)
Net cash provided by operating activities 50,364 30,242
Cash flows from investing activities:    
Capital expenditures (3,896) (6,007)
Payments for business acquisitions, net of cash acquired (8,039) (81,256)
Changes in restricted cash   (3,384)
Proceeds from sale of property and equipment 303 969
Investments in unconsolidated joint ventures   (613)
Net cash used in investing activities (11,632) (90,291)
Cash flows from financing activities:    
Payments on long-term debt (137,849) (76,717)
Proceeds from borrowings 133,596 170,000
Payments of earn-out liabilities   (1,001)
Debt pre-payment costs   (1,935)
Excess tax benefits from stock-based compensation   211
Repurchases of common stock (20,000) (50,000)
Dividends paid (10,301) (9,382)
Net proceeds from issuance of common stock 7,661 6,235
Net cash (used in) provided by financing activities (26,893) 37,411
Effect of foreign exchange rate changes on cash (958) 979
Net increase (decrease) in cash and cash equivalents 10,881 (21,659)
Cash and cash equivalents at beginning of period 160,459 135,326
Cash and cash equivalents at end of period 171,340 113,667
Cash paid during the period for:    
Interest 5,970 7,120
Income taxes, net of refunds received of $0.6 million and $2.1 million $ 32,995 $ 19,855