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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jun. 24, 2023
Jun. 25, 2022
Cash flows from operating activities:    
Net income $ 123,378 $ 155,037
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and amortization 65,504 58,333
Amortization of deferred financing costs 2,023 1,982
Non-cash lease expense 38,180 36,042
Stock-based compensation 20,632 18,879
Debt extinguishment costs 0 169
Deferred income taxes 9,125 8,199
Facility closure 13,923 0
Gain on sale of property and equipment 557 53
Other operating activities 107 7
Change in assets and liabilities:    
Accounts receivable (115,358) (121,392)
Inventories 69,610 (198,360)
Prepaid expenses and other assets 6,530 1,383
Accounts payable (12,248) (1,679)
Accrued expenses 44,221 (7,072)
Other long-term obligations (55) 236
Operating lease liabilities (37,449) (34,108)
Net cash provided (used) by operating activities 227,566 (82,397)
Cash flows from investing activities:    
Additions to plant, property and equipment (40,850) (98,553)
Investments (500) (2,318)
Other investing activities (100) 40
Net cash used in investing activities (41,450) (100,831)
Cash flows from financing activities:    
Repayments of long-term debt (223) (992)
Borrowings under revolving line of credit 48,000 0
Repayments under revolving line of credit (48,000) 0
Repurchase of common stock, including shares surrendered for tax withholding (33,409) (41,834)
Payment of contingent consideration liability (33) (196)
Distribution to noncontrolling interest 0 (806)
Payment of financing costs 0 (2,410)
Net cash used by financing activities (33,665) (46,238)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 2,046 (1,589)
Net increase in cash, cash equivalents and restricted cash 154,497 (231,055)
Cash, cash equivalents and restricted cash at beginning of period 192,184 439,522
Cash, cash equivalents and restricted cash at end of period 346,681 208,467
Supplemental information:    
Cash paid for interest 49,419 48,902
Cash paid for taxes 5,363 31,406
New operating lease right of use assets $ 25,424 $ 64,504