Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Operating activities:    
Consolidated net loss $ (402) $ (6,321)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,859 4,759
Amortization of deferred financing fees 153 153
(Benefit from) provision for deferred income taxes (490) 3,006
Non-cash stock compensation 1,123 1,142
Other, net (1,435) (400)
Loss on disposal of equipment 2 10
Changes in operating assets and liabilities, net of effect of acquisition:    
Accounts receivable, net (11,882) (11,704)
Inventories, net (10,416) 3,497
Prepaid expenses and other assets 147 (1,469)
Other non-current assets (20) 88
Accounts payable 10,920 (2,081)
Accrued expenses (1,283) (4,128)
Income taxes (770) 8,022
Other liabilities 212 (111)
Net cash used in operating activities (8,282) (5,537)
Investing activities:    
Purchases of property and equipment, net (2,102) (3,543)
Proceeds from sale of Junkfood assets 0 1,946
Proceeds from sale of fixed assets 0 5,001
Cash paid for business (3,699) (11,350)
Net cash used in investing activities (5,801) (7,946)
Financing activities:    
Proceeds from long-term debt 233,864 235,117
Repayment of long-term debt (211,265) (215,816)
Repayment of capital financing (2,031) (678)
Payment of contingent consideration (564) 0
Payment of deferred financing fees 0 2
Repurchase of common stock (2,488) (4,335)
Payment of withholding taxes on stock awards (2,116) (945)
Net cash provided by financing activities 15,400 13,345
Net increase (decrease) in cash and cash equivalents 1,317 (138)
Cash and cash equivalents at beginning of period 460 572
Cash and cash equivalents at end of period 1,777 434
Supplemental cash flow information:    
Non-cash financing activity - seller financing 0 5,000
Non-cash financing activity - capital lease agreements $ 5,728 $ 3,050