Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Apr. 04, 2026
Mar. 29, 2025
Operating Activities    
Net loss $ (135,468) $ (95,884)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 15,400 16,508
Equity-based compensation 2,138 3,623
Amortization of deferred financing costs and debt discounts 1,118 1,078
Impairment 8,974 0
Inventory impairment 5,512 0
Provision for credit losses 93 205
Deferred income taxes 14 (24,964)
Loss on asset dispositions 63 98
Changes in operating assets and liabilities:    
Accounts and other receivables 341 13,226
Inventories, net (59,887) (100,818)
Prepaid expenses and other current assets (4,867) 999
Other assets (28) 3,011
Accounts payable 42,348 47,148
Accrued expenses and other current liabilities (9,924) (17,268)
Income taxes payable 0 (1,127)
Operating lease assets and liabilities, net (2,380) (144)
Net cash used in operating activities (136,553) (154,309)
Investing Activities    
Purchases of property and equipment (9,530) (11,211)
Proceeds from asset dispositions 26 86
Net cash used in investing activities (9,504) (11,125)
Financing Activities    
Borrowings on revolving credit facility 102,000 119,500
Payments on revolving credit facility (3,000) (18,000)
Repayment of long-term debt 0 (27,025)
Payments on finance leases (215) (245)
Payment of deferred financing costs (145) 0
Payments of employee tax withholdings related to restricted stock vesting (4) (49)
Net cash provided by financing activities 98,636 74,181
Net decrease in cash and cash equivalents (47,421) (91,253)
Cash and cash equivalents, beginning of period 64,340 108,505
Cash and cash equivalents, end of period 16,919 17,252
Supplemental Information:    
Cash paid for interest 27,012 26,389
Cash paid for income taxes, net of refunds received $ 185 $ 3,162