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
Sep. 30, 2023
Oct. 01, 2022
Oct. 02, 2021
Operating Activities      
Net income $ 27,242 $ 159,029 $ 126,634
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 34,142 30,769 26,553
Equity-based compensation 11,703 11,346 24,217
Amortization of deferred financing costs and debt discounts 2,100 1,982 2,483
Provision for doubtful accounts 193 1,186 2,105
Deferred income taxes (6,330) 2,466 2,848
Loss (gain) on asset dispositions 6,396 466 (1,606)
Loss on debt extinguishment 0 0 9,169
Changes in operating assets and liabilities:      
Accounts and other receivables 16,101 (7,621) (9,484)
Inventories 54,331 (143,147) (47,787)
Prepaid expenses and other current assets (3,466) (1,476) 2,674
Other assets (9,990) (12,670) (11,164)
Accounts payable and accrued expenses (120,048) 23,841 35,756
Income taxes payable (6,729) 5,566 5,088
Operating lease assets and liabilities, net 825 (5,093) 1,786
Net cash provided by operating activities 6,470 66,644 169,272
Investing Activities      
Purchases of property and equipment (38,577) (31,726) (28,931)
Business acquisitions, net of cash acquired (15,549) (107,663) (8,868)
Proceeds from asset dispositions 1,587 408 2,444
Net cash used in investing activities (52,539) (138,981) (35,355)
Financing Activities      
Borrowings on Revolving Credit Facility 264,000 45,000 0
Payments on Revolving Credit Facility (264,000) (45,000) 0
Repayment of long term debt (8,100) (8,100) (396,135)
Issuance of long term debt 0 0 907
Payment of deferred financing costs (347) 0 (9,579)
Proceeds from options exercised 0 1,378 0
Repurchase and retirement of common stock 0 (152,146) 0
Proceeds from issuance of common stock upon initial public offering, net 0 0 458,587
Payments of employee tax withholdings related to restricted stock vesting (2,357) 0 0
Net cash (used in) provided by financing activities (10,804) (158,868) 53,780
Net (decrease) increase in cash and cash equivalents (56,873) (231,205) 187,697
Cash and cash equivalents, beginning of year 112,293 343,498 155,801
Cash and cash equivalents, end of year 55,420 112,293 343,498
Supplemental Information:      
Interest 63,059 32,617 36,408
Income taxes, net of refunds received $ 22,559 $ 41,149 $ 28,559