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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2023
Sep. 24, 2022
Sep. 25, 2021
Cash flows from operating activities:      
Net income $ 126,097 $ 152,672 $ 152,773
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 87,700 80,948 74,727
Amortization of deferred financing costs 2,698 2,657 2,208
Non-cash lease expense 51,868 48,656 41,044
Stock-based compensation 27,990 25,817 23,127
Debt extinguishment costs 0 169 8,577
(Gain) Loss on sale of business (5,845) 0 2,611
Deferred income taxes (12,253) 28,128 (14,744)
Pet Segment Facility Closures 15,674 0 0
Loss (gain) on disposal of property, plant and equipment (262) 131 (256)
Asset impairments 750 0 0
Other (263) (779) 4,716
Changes in assets and liabilities (excluding businesses acquired):      
Receivables 43,980 7,004 69,135
Inventories 86,980 (256,443) (132,170)
Prepaid expenses and other assets 8,813 (6,031) 13,370
Accounts payable (19,962) (31,209) 24,583
Accrued expenses 6,766 (33,495) 6,734
Other long-term obligations 9,595 (7,728) 14,731
Operating lease liabilities (48,692) (44,527) (40,322)
Net cash (used in) provided by operating activities 381,634 (34,030) 250,844
Cash flows from investing activities:      
Additions to property, plant and equipment (53,966) (115,205) (80,333)
Businesses acquired, net of cash acquired 0 0 (820,453)
Proceeds from sale of business 20,000 0 2,400
Payments for investments (500) (27,818) (500)
Other investing activities (115) 40 (473)
Net cash used in investing activities (34,581) (142,983) (899,359)
Cash flows from financing activities:      
Repayments on revolving line of credit (48,000) 0 (858,000)
Borrowings on revolving line of credit 48,000 0 858,000
Premium paid on extinguishment of debt 0 0 (6,124)
Repayments of long-term debt (338) (1,096) (430,401)
Issuance of long-term debt 0 0 900,000
Repurchase of common stock, including shares surrendered for tax withholding (37,161) (62,287) (27,892)
Payments of contingent consideration (54) (216) (373)
Distribution to noncontrolling interest 0 (806) (606)
Payment of financing costs 0 (2,410) (14,129)
Net cash (used in) provided by financing activities (37,553) (66,815) 420,475
Effect of exchange rate changes on cash and equivalents 1,189 (3,510) 1,165
Net (decrease) increase in cash, cash equivalents and restricted cash 310,689 (247,338) (226,875)
Cash, cash equivalents and restricted cash at beginning of year 192,184 439,522 666,397
Cash, cash equivalents and restricted cash at end of year 502,873 192,184 439,522
Supplemental information:      
Cash paid for interest 57,143 57,928 42,762
Cash paid for income taxes – net of refunds 17,910 34,964 70,831
Non-cash investing and financing activities:      
Capital expenditures incurred but not paid 2,243 8,016 6,150
Liability for contingent performance based payments (374) (847) 610
Shares of common stock repurchased but not settled 0 911 2,112
Operating lease right of use assets recognized after ASC 842 transition $ 42,777 $ 70,794 $ 90,799