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
Jul. 03, 2021
Jun. 27, 2020
Operating Activities    
Net income $ 82,093 $ 15,921
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 19,205 20,462
Equity-based compensation 20,591 1,792
Amortization of deferred financing costs and debt discounts 1,551 2,548
Provision for doubtful accounts 134 368
Deferred income taxes 197 (457)
(Gain) loss on disposition of assets (1,668) 486
Loss on debt extinguishment 9,169  
Changes in operating assets and liabilities:    
Accounts and other receivables (16,501) (16,194)
Inventories (74,401) (30,380)
Prepaid expenses and other current assets 6,289 (2,993)
Other assets (15,696) 227
Accounts payable and accrued expenses 73,761 86,283
Income taxes payable 17,049 (6,713)
Operating lease assets and liabilities, net (3,397) 14,571
Net cash provided by operating activities 118,376 85,921
Investing Activities    
Purchases of property and equipment (17,799) (15,483)
Business acquisitions, net of cash acquired (6,806) (6,188)
Proceeds from disposition of fixed assets 2,429 7
Net cash used in investing activities (22,176) (21,664)
Financing Activities    
Borrowings on revolving commitment   238,750
Payments on revolving commitment   (238,750)
Repayment of long term debt (394,110) (6,255)
Issuance of long term debt 907  
Payment of deferred financing costs (9,579)  
Proceeds from issuance of common stock upon initial public offering, net 458,587  
Net cash provided by (used in) financing activities 55,805 (6,255)
Net increase in cash and cash equivalents 152,005 58,002
Cash and cash equivalents, beginning of period 157,072 90,899
Cash and cash equivalents, end of period 309,077 148,901
Supplemental Disclosure of Cash Payments for:    
Interest 29,549 68,599
Income taxes $ 4,503 $ 2,832