Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Operating Activities      
Net income $ 159,029 $ 126,634 $ 58,561
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 30,769 26,553 28,925
Equity-based compensation 11,346 24,217 1,785
Amortization of deferred financing costs and debt discounts 1,982 2,483 3,489
Provision for doubtful accounts 1,186 2,105 577
Deferred income taxes 2,466 2,848 (7,823)
Loss (gain) on disposition of assets 466 (1,606) 785
Loss on debt extinguishment 0 9,169 0
Changes in operating assets and liabilities:      
Accounts and other receivables (7,621) (9,484) 1,813
Inventories (143,147) (47,787) 1,762
Prepaid expenses and other current assets (1,476) 2,674 (14,959)
Other assets (12,670) (11,164) (13,023)
Accounts payable and accrued expenses 23,841 35,756 38,065
Income taxes payable 5,566 5,088 (4,856)
Operating lease assets and liabilities, net (5,093) 1,786 7,037
Net cash provided by operating activities 66,644 169,272 102,138
Investing Activities      
Purchases of property and equipment (31,726) (28,931) (20,630)
Business acquisitions, net of cash acquired (107,663) (8,868) (6,188)
Proceeds from disposition of fixed assets 408 2,444 7
Net cash used in investing activities (138,981) (35,355) (26,811)
Financing Activities      
Borrowings on Revolving Credit Facility 45,000 0 238,750
Payments on Revolving Credit Facility (45,000) 0 (238,750)
Repayment of long term debt (8,100) (396,135) (10,425)
Issuance of long term debt 0 907 0
Payment of deferred financing costs 0 (9,579) 0
Proceeds from options exercised 1,378 0 0
Repurchase and retirement of common stock (152,146) 0 0
Proceeds from issuance of common stock upon initial public offering, net 0 458,587 0
Net cash (used in) provided by financing activities (158,868) 53,780 (10,425)
Net (decrease) increase in cash and cash equivalents (231,205) 187,697 64,902
Cash and cash equivalents, beginning of year 343,498 155,801 90,899
Cash and cash equivalents, end of year 112,293 343,498 155,801
Supplemental Information:      
Interest 32,617 36,408 88,678
Income taxes, net of refunds received $ 41,149 $ 28,559 $ 15,305