Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.23.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Operating activities:    
Consolidated net (loss) earnings $ (33,264) $ 19,742
Adjustments to consolidated net (loss) earnings attributable to net cash provided by (used in) operating activities:    
Depreciation 12,814 12,636
Amortization of intangibles 2,332 2,396
Amortization of deferred financing fees 392 336
(Benefit from) provision for deferred income taxes (10,742) 2,988
Provision for market reserves (1,906) 1,804
Non-cash stock compensation 1,421 2,913
Loss on disposal of equipment 121 354
Loss on impairment of equipment 1,028 0
Loss on impairment of goodwill 9,200 0
Contingent consideration earn out adjustment 0 (1,897)
Other, net (1,747) (848)
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net 23,137 (1,438)
Inventories, net 38,079 (88,639)
Prepaid expenses and other current assets 151 1,593
Other non-current assets 1,422 624
Accounts payable (22,011) 30,435
Accrued expenses (9,004) (415)
Change in net operating lease liabilities (408) 342
Income taxes 202 (1,992)
Other liabilities 0 (1,049)
Net cash provided by (used in) operating activities 11,217 (20,115)
Investing activities:    
Purchases of property and equipment (2,821) (12,378)
Proceeds from sale of property and equipment 31 40
Proceeds from equipment under financed leases 4,417 0
Cash paid for intangible asset 0 (131)
Cash paid for business 0 (583)
Net cash provided by (used in) investing activities 1,627 (13,052)
Financing activities:    
Proceeds from long-term debt 457,949 542,613
Repayment of long-term debt (460,843) (504,851)
Payment of capital financing (9,191) (7,732)
Repurchase of common stock 0 (3,957)
Payment of deferred financing costs (330) (890)
Payment of withholding taxes on stock awards (542) (1,092)
Net cash (used in) provided by financing activities (12,957) 24,091
Net decrease in cash and cash equivalents (113) (9,076)
Cash and cash equivalents at beginning of period 300 9,376
Cash and cash equivalents at end of period 187 300
Supplemental cash flow information:    
Cash paid during the period for interest 13,615 7,404
Cash paid during the period for income taxes, net of refunds received $ 1,387 $ 3,044