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. 29, 2018
Sep. 30, 2017
Operating activities:    
Net earnings attributable to shareholders $ 1,230 $ 10,511
Adjustments to consolidated net earnings attributable to net cash provided by operating activities:    
Depreciation 8,736 8,489
Amortization of intangibles 1,253 1,120
Amortization of deferred financing fees 306 323
Excess tax benefits from stock awards and option exercises 0 89
Provision for deferred income taxes 5,760 322
Change in reserves for allowances on accounts receivable, net 42 (544)
Non-cash stock compensation 2,575 1,872
Loss on disposal of equipment 130 65
Other, net (2,398) (2,195)
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable 1,424 16,596
Inventories, net 715 (13,782)
Prepaid expenses and other current assets (208) 863
Other non-current assets 53 (894)
Accounts payable (1,904) (4,201)
Accrued expenses (994) (4,451)
Income taxes 4,573 (355)
Other liabilities (55) 110
Net cash provided by operating activities 21,238 13,938
Investing activities:    
Purchases of property and equipment (5,769) (7,085)
Proceeds from sale of property and equipment 5,779 1
Proceeds from sale of Junkfood assets 1,946 26,000
Investment in capital stock (500) 0
Investment by non-controlling member 200 0
Cash paid for business (16,602) 0
Net cash (used in) provided by investing activities (14,946) 18,916
Financing activities:    
Proceeds from long-term debt 459,385 453,860
Repayment of long-term debt (453,579) (476,801)
Payment of capital financing (2,325) (633)
Repurchase of common stock (8,940) (7,938)
Payment of withholding taxes on stock awards and option exercises (945) (1,167)
Net cash used in financing activities (6,404) (32,679)
Net (decrease) increase in cash and cash equivalents (112) 175
Cash and cash equivalents at beginning of period 572 397
Cash and cash equivalents at end of period 460 572
Supplemental cash flow information:    
Cash paid during the period for interest 5,052 4,372
Cash paid during the period for income taxes, net of refunds received 260 506
Non-cash financing activity—capital lease agreement 6,840 2,347
Accrued capital expenditures $ 1,242 $ 0