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
Jan. 01, 2022
Jan. 02, 2021
Operating Activities    
Net income $ (14,451) $ (30,257)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 9,241 6,595
Equity-based compensation 2,751 12,160
Amortization of deferred financing costs and debt discounts 496 648
Provision for doubtful accounts 249 59
Deferred income taxes 1,407 (8,146)
Loss (gain) on disposition of assets 17 (1,758)
Loss on debt extinguishment   7,281
Changes in operating assets and liabilities:    
Accounts and other receivables (742) (5,694)
Inventories (43,723) (25,569)
Prepaid expenses and other current assets (17,593) (2,943)
Other assets (2,741) (2,215)
Accounts payable and accrued expenses (48,528) (65,626)
Income taxes payable (6,534) (1,857)
Operating lease assets and liabilities, net (5,408) (1,969)
Net cash used in operating activities (125,559) (119,291)
Investing Activities    
Purchases of property and equipment (5,402) (2,706)
Business acquisitions, net of cash acquired (5,146)  
Proceeds from disposition of fixed assets 21 2,404
Net cash used in investing activities (10,527) (302)
Financing Activities    
Repayment of long term debt (2,025) (392,085)
Proceeds from options exercised 100  
Repurchase and retirement of common stock (152,146)  
Proceeds from issuance of common stock upon initial public offering, net   458,686
Net cash (used in) provided by financing activities (154,071) 66,601
Net decrease in cash and cash equivalents (290,157) (52,992)
Cash and cash equivalents, beginning of period 343,498 155,801
Cash and cash equivalents, end of period 53,341 102,809
Supplemental Information:    
Interest 6,725 19,635
Income taxes, net of refunds received $ (50) $ 920