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
 3 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Operating activities:    
Consolidated net loss $ (8,533) $ (3,599)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,632 3,844
Amortization of deferred financing fees 120 84
Benefit from deferred income taxes 0 (2,101)
Change in inventory market reserves (795) 163
Non-cash stock compensation 440 665
Gain on sale of property, plant and equipment (5,425) 0
Loss on disposal of equipment 58
Other, net (310) (89)
Changes in operating assets and liabilities:    
Accounts receivable 13,370 9,466
Inventories, net 16,812 (10,516)
Prepaid expenses and other current assets (633) (1,443)
Other non-current assets 263 1,188
Accounts payable (4,307) (3,723)
Accrued expenses 565 (5,030)
Net operating lease liabilities 177 (35)
Income taxes 0 (854)
Net cash provided by (used in) operating activities 15,376 (11,922)
Investing activities:    
Purchases of property, plant and equipment, net (285) (2,081)
Proceeds from equipment under finance leases 0 4,417
Proceeds from the sale of property, plant and equipment 6,219 0
Net cash provided by investing activities 5,934 2,336
Financing activities:    
Proceeds from long-term debt 85,755 133,918
Repayment of long-term debt (104,252) (121,431)
Repayment of capital financing (2,218) (2,332)
Payment of deferred financing costs (405) 0
Payment of withholding taxes on stock awards 0 (542)
Net cash (used in) provided by financing activities (21,120) 9,613
Net increase in cash and cash equivalents 190 27
Cash and cash equivalents at beginning of period 187 300
Cash and cash equivalents at end of period 377 327
Supplemental cash flow information    
Cash paid during the period for interest $ 3,570 $ 2,972