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
 3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Operating Activities    
Net loss $ (44,564) $ (39,553)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 8,237 8,330
Equity-based compensation 1,709 2,695
Amortization of deferred financing costs and debt discounts 541 560
Provision for doubtful accounts 284 140
Deferred income taxes (11,953) (8,389)
(Gain) loss on asset dispositions (45) 61
Changes in operating assets and liabilities:    
Accounts and other receivables 15,380 6,767
Inventories (36,804) (22,194)
Prepaid expenses and other current assets 5,062 (3,498)
Other assets 1,439 3,981
Accounts payable (11,414) 4,985
Accrued expenses and other current liabilities (33,148) (19,616)
Income taxes payable 53 (5,782)
Operating lease assets and liabilities, net 145 (361)
Net cash used in operating activities (105,078) (71,874)
Investing Activities    
Purchases of property and equipment (4,678) (10,739)
Proceeds from asset dispositions 30 40
Net cash used in investing activities (4,648) (10,699)
Financing Activities    
Borrowings on Revolving Credit Facility 40,000 39,500
Payments on Revolving Credit Facility 0 (1,500)
Repayment of long-term debt (27,025) (2,025)
Payments on finance leases (105) 0
Payments of employee tax withholdings related to restricted stock vesting (34) (428)
Net cash provided by financing activities 12,836 35,547
Net decrease in cash and cash equivalents (96,890) (47,026)
Cash and cash equivalents, beginning of period 108,505 55,420
Cash and cash equivalents, end of period 11,615 8,394
Supplemental Information:    
Cash paid for interest 15,694 16,489
Cash paid for income taxes, net of refunds received $ 0 $ 183