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
Dec. 30, 2023
Dec. 31, 2022
Operating Activities    
Net loss $ (39,553) $ (30,259)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 8,330 8,503
Equity-based compensation 2,695 2,993
Amortization of deferred financing costs and debt discounts 560 502
Provision for doubtful accounts 140 10
Deferred income taxes (8,389) 1,944
Loss on asset dispositions 61 6
Changes in operating assets and liabilities:    
Accounts and other receivables 6,767 (1,090)
Inventories (22,194) (64,770)
Prepaid expenses and other current assets (3,498) (6,429)
Other assets 3,981 (3,601)
Accounts payable 4,985 (39,187)
Accrued expenses and other current liabilities (19,616) (41,622)
Income taxes payable (5,782) (12,031)
Operating lease assets and liabilities, net (361) 622
Net cash used in operating activities (71,874) (184,409)
Investing Activities    
Purchases of property and equipment (10,739) (5,697)
Business acquisitions, net of cash acquired 0 (8,540)
Proceeds from asset dispositions 40 488
Net cash used in investing activities (10,699) (13,749)
Financing Activities    
Borrowings on Revolving Credit Facility 39,500 91,000
Payments on Revolving Credit Facility (1,500) 0
Repayment of long-term debt (2,025) (2,025)
Payments of employee tax withholdings related to restricted stock vesting (428) (419)
Net cash used in financing activities 35,547 88,556
Net decrease in cash and cash equivalents (47,026) (109,602)
Cash and cash equivalents, beginning of period 55,420 112,293
Cash and cash equivalents, end of period 8,394 2,691
Supplemental Information:    
Cash paid for interest 16,489 12,593
Cash paid for income taxes, net of refunds received $ 183 $ 1