Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Operating Activities    
Net income (loss) $ (13,456) $ 10,761
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 24,420 25,569
Equity-based compensation 7,629 9,159
Amortization of deferred financing costs and debt discounts 1,647 1,541
Provision for doubtful accounts 1,007 25
Deferred income taxes (7,811) 1,074
Loss on asset dispositions 52 103
Changes in operating assets and liabilities:    
Accounts and other receivables (17,428) (3,399)
Inventories 9,628 (70,393)
Prepaid expenses and other current assets (10,912) (9,614)
Other assets 6,561 (8,864)
Accounts payable 50,379 (9,019)
Accrued expenses and other current liabilities 14,428 (12,827)
Income taxes payable (5,782) (9,166)
Operating lease assets and liabilities, net 48 237
Net cash provided by (used in) operating activities 60,410 (74,813)
Investing Activities    
Purchases of property and equipment (34,324) (26,733)
Business acquisitions, net of cash acquired 0 (15,549)
Proceeds from asset dispositions 77 1,384
Net cash used in investing activities (34,247) (40,898)
Financing Activities    
Borrowings on Revolving Credit Facility 140,500 264,000
Payments on Revolving Credit Facility (140,500) (233,000)
Repayment of long-term debt (6,075) (6,075)
Payment of deferred financing costs (101) (297)
Payments of employee tax withholdings related to restricted stock vesting (969) (1,780)
Net cash (used in) provided by financing activities (7,145) 22,848
Net increase (decrease) in cash and cash equivalents 19,018 (92,863)
Cash and cash equivalents, beginning of period 55,420 112,293
Cash and cash equivalents, end of period 74,438 19,430
Supplemental Information:    
Cash paid for interest 51,762 46,413
Cash paid for income taxes, net of refunds received $ 6,702 $ 12,648