XML 103 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Sep. 28, 2013
Sep. 29, 2012
Sep. 24, 2011
Cash flows from operating activities:      
Net income $ 484,103 $ 363,500 $ 201,048
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of fixed assets 183,814 135,656 72,297
Amortization of intangibles 45,379 45,991 41,339
Amortization deferred financing fees 7,125 6,050 6,158
Loss on extinguishment of debt     19,732
Unrealized loss (gain) on foreign currency, net 9,159 (6,557) 1,041
(Gain) loss on disposal of fixed assets (85) 2,517 884
Gain on sale of subsidiary, excluding transaction costs   (28,914)  
Provision for doubtful accounts 689 3,197 2,584
Provision for sales returns 79,747 107,436 64,457
(Gain) loss on derivatives, net (4,507) 6,310 3,292
Excess tax benefits from equity-based compensation plans (54,699) (12,070) (67,813)
Deferred income taxes (17,701) 60,856 (8,828)
Deferred compensation and stock compensation 26,315 18,079 10,575
Other 844 (672) (6,142)
Changes in assets and liabilities, net of effects of acquisition:      
Receivables (187,221) (159,317) (157,329)
Inventories 87,677 (92,862) (375,709)
Income tax payable/receivable, net 46,290 16,457 63,487
Other current assets (12,668) (6,900) (715)
Other long-term assets, net 3,915 (469) (11,454)
Accounts payable and accrued expenses 133,532 17,125 134,035
Other current liabilities 3,100 (2,718) (3,118)
Other long-term liabilities 1,161 5,090 10,964
Net cash provided by operating activities 835,969 477,785 785
Cash flows from investing activities:      
Change in restricted cash 3,005 (2,875) 2,074
Acquisition of LJVH Holdings, Inc. (Van Houtte), net of cash acquired     (907,835)
Proceeds from the sale of subsidiary, net of cash acquired   137,733  
Capital expenditures for fixed assets (232,780) (401,121) (283,444)
Other investing activities 4,208 618 1,533
Net cash used in investing activities (225,567) (265,645) (1,187,672)
Cash flows from financing activities:      
Net change in revolving line of credit (226,210) (108,727) 333,835
Proceeds from issuance of common stock under compensation plans 29,777 12,092 17,328
Proceeds from issuance of common stock for private placement     291,096
Proceeds from issuance of common stock for public equity offering     673,048
Financing costs in connection with public equity offering     (25,685)
Repurchase of common stock (188,278) (76,470)  
Excess tax benefits from equity-based compensation plans 54,699 12,070 67,813
Payments on capital lease and financing obligations (8,288) (7,558) (8)
Proceeds from borrowings of long-term debt     796,375
Deferred financing fees     (46,009)
Repayment of long-term debt (71,620) (7,814) (906,885)
Other financing activities (1,406) 3,283 (1,063)
Net cash (used in) provided by financing activities (411,326) (173,124) 1,199,845
Change in cash balances included in current assets held for sale   5,160 (5,160)
Effect of exchange rate changes on cash and cash equivalents 2,727 1,124 790
Net increase in cash and cash equivalents 201,803 45,300 8,588
Cash and cash equivalents at beginning of period 58,289 12,989 4,401
Cash and cash equivalents at end of period 260,092 58,289 12,989
Supplemental disclosures of cash flow information:      
Cash paid for interest 9,129 20,783 33,452
Cash paid for income taxes 223,580 136,407 58,182
Fixed asset purchases included in accounts payable and not disbursed at the end of each year 30,451 56,127 25,737
Noncash financing and investing activity:      
Fixed assets acquired under capital lease and financing obligations 27,791 66,531  
Settlement of acquisition-related liabilities through release of restricted cash $ 9,227 $ 18,788