Quarterly report [Sections 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
 6 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Operating Activities    
Net loss $ (95,884) $ (74,106)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 16,508 16,173
Equity-based compensation 3,623 5,383
Amortization of deferred financing costs and debt discounts 1,078 1,116
Provision for doubtful accounts 205 318
Deferred income taxes (24,964) (26,699)
Loss on asset dispositions 98 88
Changes in operating assets and liabilities:    
Accounts and other receivables 13,226 (3,615)
Inventories (100,818) (67,253)
Prepaid expenses and other current assets 999 (9,780)
Other assets 3,011 5,461
Accounts payable 47,148 53,885
Accrued expenses and other current liabilities (17,268) (9,649)
Income taxes payable (1,127) (5,782)
Operating lease assets and liabilities, net (144) (622)
Net cash used in operating activities (154,309) (115,082)
Investing Activities    
Purchases of property and equipment (11,211) (24,008)
Proceeds from asset dispositions 86 44
Net cash used in investing activities (11,125) (23,964)
Financing Activities    
Borrowings on revolving credit facility 119,500 130,500
Payments on revolving credit facility (18,000) (33,500)
Repayment of long-term debt (27,025) (4,050)
Payments on finance leases (245) 0
Payments of employee tax withholdings related to restricted stock vesting (49) (888)
Net cash provided by financing activities 74,181 92,062
Net decrease in cash and cash equivalents (91,253) (46,984)
Cash and cash equivalents, beginning of period 108,505 55,420
Cash and cash equivalents, end of period 17,252 8,436
Supplemental Information:    
Cash paid for interest 26,389 35,517
Cash paid for income taxes, net of refunds received $ 3,162 $ 6,046