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
 6 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Operating Activities    
Net loss $ (74,106) $ (61,786)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 16,173 17,425
Equity-based compensation 5,383 6,510
Amortization of deferred financing costs and debt discounts 1,116 1,006
Provision for doubtful accounts 318 123
Deferred income taxes (26,699) 1,944
Loss on asset dispositions 88 118
Changes in operating assets and liabilities:    
Accounts and other receivables (3,615) 7,919
Inventories (67,253) (127,365)
Prepaid expenses and other current assets (9,780) (30,897)
Other assets 5,461 (6,734)
Accounts payable 53,885 (16,652)
Accrued expenses and other current liabilities (9,649) (25,049)
Income taxes payable (5,782) (12,511)
Operating lease assets and liabilities, net (622) (41)
Net cash used in operating activities (115,082) (245,990)
Investing Activities    
Purchases of property and equipment (24,008) (14,828)
Business acquisitions, net of cash acquired 0 (9,939)
Proceeds from asset dispositions 44 1,176
Net cash used in investing activities (23,964) (23,591)
Financing Activities    
Borrowings on Revolving Credit Facility 130,500 193,000
Payments on Revolving Credit Facility (33,500) (21,000)
Repayment of long-term debt (4,050) (4,050)
Payment of deferred financing costs 0 (222)
Payments of employee tax withholdings related to restricted stock vesting (888) (1,739)
Net cash used in financing activities 92,062 165,989
Net decrease in cash and cash equivalents (46,984) (103,592)
Cash and cash equivalents, beginning of period 55,420 112,293
Cash and cash equivalents, end of period 8,436 8,701
Supplemental Information:    
Cash paid for interest 33,517 28,339
Cash paid for income taxes, net of refunds received $ 6,046 $ 11,932