CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | ||||
|---|---|---|---|---|---|---|
Jan. 02, 2021 |
Dec. 28, 2019 |
Oct. 03, 2020 |
Oct. 03, 2019 |
Sep. 28, 2019 |
Sep. 29, 2018 |
|
| Operating Activities | ||||||
| Net income (loss) | $ (30,257) | $ (26,187) | $ 58,561 | $ 702 | $ 17,126 | |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
| Depreciation and amortization | 6,595 | 7,276 | 28,925 | 30,424 | 31,611 | |
| Equity-based compensation | 12,160 | 597 | 1,785 | 2,130 | 1,785 | |
| Amortization of deferred financing costs and debt discounts | 648 | 848 | 3,489 | 3,240 | 3,013 | |
| Provision for doubtful accounts | 59 | 58 | 577 | 463 | 259 | |
| Deferred income taxes | (8,146) | 2,672 | (7,823) | $ (754) | (754) | 1,405 |
| (Gain) loss on disposition of assets | (1,758) | 443 | 785 | 1,751 | 1,057 | |
| Loss on debt extinguishment | 7,281 | 0 | 0 | 488 | ||
| Changes in operating assets and liabilities: | ||||||
| Accounts and other receivables | (5,694) | (15,842) | 1,813 | (5,632) | (4,304) | |
| Inventories | (25,569) | (34,402) | 1,762 | (3,797) | (4,920) | |
| Prepaid expenses and other current assets | (5,285) | 1,502 | (26,912) | (1,670) | 289 | |
| Other assets | 127 | 75 | (1,070) | 4,518 | (2,759) | |
| Accounts payable and accrued expenses | (65,629) | (21,922) | 39,336 | 23,832 | 2,039 | |
| Income taxes payable | (1,857) | (6,713) | (4,856) | 2,614 | (3,809) | |
| Operating lease assets and liabilities, net | (1,969) | 10,339 | 7,037 | 0 | 0 | |
| Net cash used in operating activities | (119,294) | (81,256) | 103,409 | 57,821 | 43,280 | |
| Investing Activities | ||||||
| Purchases of property and equipment | (2,706) | (5,738) | (20,630) | (27,444) | (28,786) | |
| Acquisitions, net of cash acquired | (6,188) | (6,188) | (9,616) | (11,758) | ||
| Proceeds from disposition of fixed assets | 2,404 | 6 | 7 | 64 | 325 | |
| Net cash used in investing activities | (302) | (11,920) | (26,811) | (36,996) | (40,219) | |
| Financing Activities | ||||||
| Revolving commitment borrowings | 6,300 | 238,750 | 190,900 | 148,400 | ||
| Repayment of senior notes | (390,000) | (238,750) | (190,900) | (148,400) | ||
| Principal payments on term loan | (2,085) | (2,085) | (10,425) | (6,255) | (23,662) | |
| Recovery of deemed distribution | 0 | 0 | 141 | |||
| Payment of dividend | 0 | (1,240) | 0 | |||
| Payment of deferred financing costs | 0 | 0 | (865) | |||
| Proceeds from issuance of common stock upon initial public offering, net | 458,686 | |||||
| Net cash provided by financing activities | 66,601 | 4,215 | (10,425) | (7,495) | (24,386) | |
| Net decrease in cash and cash equivalents | (52,995) | (88,961) | 66,173 | 13,330 | (21,325) | |
| Cash and cash equivalents, beginning of period | 157,072 | 90,899 | 90,899 | $ 77,569 | 77,569 | 98,894 |
| Cash and cash equivalents, end of period | 104,077 | 1,938 | 157,072 | 90,899 | 77,569 | |
| Supplemental disclosure of cash payments for: | ||||||
| Interest | 19,635 | 26,473 | 88,678 | 90,478 | 90,055 | |
| Income taxes | $ 920 | $ 2,875 | $ 15,305 | $ 12,944 | $ 7,329 | |
| X | ||||||||||
- Definition Increase decrease in operating lease assets and liabilities, net. No definition available.
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| X | ||||||||||
- Definition Proceeds from Recovery of deemed distribution. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of amortization expense attributable to debt discount (premium) and debt issuance costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including, but not limited to, disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the amount due from customers for the credit sale of goods and services; includes accounts receivable and other types of receivables. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of increase (decrease) in operating assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of increase (decrease) in prepaid expenses, and assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow for loan and debt issuance costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash inflow associated with the amount received from entity's first offering of stock to the public. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of expense (reversal of expense) for expected credit loss on accounts receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The cash outflow for the settlement of obligation drawn from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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