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, 2017
Oct. 01, 2016
Oct. 03, 2015
Operating activities:      
Net earnings $ 10,511 $ 8,964 $ 8,093
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 8,489 8,295 8,204
Amortization of intangibles 1,120 1,330 1,338
Amortization of deferred financing fees 323 413 517
Excess tax benefits (deficit) from stock awards and option exercises 89 (89) (2)
Provision for deferred income taxes 322 2,048 786
Benefit from allowances on accounts receivable, net (544) (1,007) (175)
Non-cash stock compensation 1,872 1,852 1,390
Change in fair value of contingent consideration (900) (600) (500)
Loss on disposal of equipment 65 108 29
Fixed asset impairment charge 0 607 0
Changes in operating assets and liabilities, net of effect of acquisitions:      
Accounts receivable 16,596 140 6,236
Inventories, net (13,782) (15,662) 7,730
Prepaid expenses and other current assets 863 (1,302) 376
Other non-current assets (894) (346) (308)
Accounts payable (4,201) (2,217) (4,370)
Accrued expenses (4,451) (420) 158
Income taxes (355) (84) 1,447
Other liabilities 110 170 (528)
Net cash provided by operating activities 13,938 2,200 22,307
Investing activities:      
Purchases of property and equipment (7,085) (12,315) (7,773)
Proceeds from sale of property and equipment 1 1,861 470
Cash paid for businesses, net of cash acquired 0 (313) 0
Net cash provided by (used in) investing activities 18,916 (10,767) 7,610
Financing activities:      
Proceeds from long-term debt 453,860 488,093 497,364
Repayment of long-term debt (476,801) (474,510) (525,125)
Payment of capital financing (633) (350) (150)
Payment of financing fees 0 (1,018) (42)
Repurchase of common stock (7,938) (3,477) (2,023)
Proceeds from exercise of stock options 0 0 59
Payment of withholding taxes on stock awards and option exercises (1,167) (163) (314)
Excess tax benefits from stock awards and option exercises 0 89 2
Net cash (used in) provided by financing activities (32,679) 8,664 (30,229)
Net increase (decrease) in cash and cash equivalents 175 97 (312)
Cash and cash equivalents at beginning of period 397 300 612
Cash and cash equivalents at end of period 572 397 300
Supplemental cash flow information:      
Cash paid during the period for interest 4,372 4,273 4,803
Cash paid (received) during the period for income taxes, net of refunds received 506 308 (328)
Non-cash financing activity—shortfall to excess tax benefit pool 0 0 673
Non-cash financing activity—capital lease agreement 2,347 781 0
Accrued capital expenditures 0 1,615 0
Discontinued Operations, Disposed of by Sale | Junkfood      
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Gain on sale of assets (1,295) 0 0
Investing activities:      
Proceeds from sale of The Game assets 26,000 0 0
Discontinued Operations, Disposed of by Sale | The Game      
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Gain on sale of assets 0 0 (8,114)
Investing activities:      
Proceeds from sale of The Game assets $ 0 $ 0 $ 14,913