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, unless otherwise specified
 3 Months Ended 12 Months Ended
Sep. 28, 2013
Sep. 27, 2014
Jun. 29, 2013
Jun. 30, 2012
Operating activities:        
Net (loss) earnings $ 568 $ (960) $ 9,184 $ (2,447)
Adjustments to reconcile net (loss) earnings to net cash provided by (used in) operating activities:        
Depreciation 1,847 8,156 7,407 6,884
Amortization of intangibles 223 1,337 607 608
Amortization of deferred financing fees 89 362 363 361
Excess tax benefits from exercise of stock options 1 (27) (34) (529)
Provision for (benefit from) deferred income taxes (1,386) (6,382) 176 (1,107)
(Benefit from) provision for allowances on accounts receivable, net 1,159 201 (513) 530
Non-cash stock compensation 398 229 865 1,730
Change in fair value of contingent consideration 0 200 0 0
Loss on disposal of property and equipment (15) 126 93 73
Fixed asset impairment charge 0 913 328 0
Inventory write down 0 0 0 16,195
Changes in operating assets and liabilities, net of effect of acquisitions:        
Accounts receivable 4,961 (296) (458) 2,435
Inventories (5,676) 3,002 2,119 (18,619)
Prepaid expenses and other current assets 343 (747) (358) 289
Other non-current assets (41) 198 (90) (19)
Accounts payable 2,405 4,698 4,152 (9,234)
Accrued expenses (965) 2,503 1,819 (7,100)
Income taxes 1,006 (101) 6,592 (9,236)
Other liabilities 248 561 (88) 84
Net cash provided by (used in) operating activities 5,165 13,973 32,164 (19,102)
Investing activities:        
Purchases of property and equipment (2,992) (8,894) (7,922) (6,626)
Proceeds from sale of equipment 7 71 72 0
Cash paid for businesses, net of cash acquired (15,000) 0 0 0
Net cash used in investing activities (17,985) (8,823) (7,850) (6,626)
Financing activities:        
Proceeds from long-term debt 156,751 493,360 486,908 544,295
Repayment of long-term debt (140,696) (498,121) (503,094) (516,590)
Payment of financing fees (319) (384) 0 0
Repurchase of common stock (2,051) (1,180) (7,817) (2,642)
Proceeds from exercise of stock options 0 931 23 18
Payment of withholding taxes on exercise of stock options (633) 0 (237) (71)
Excess tax benefits from exercise of stock options (1) 27 34 529
Net cash (used in) provided by financing activities 13,051 (5,367) (24,183) 25,539
Net increase (decrease) in cash and cash equivalents 231 (217) 131 (189)
Cash and cash equivalents at beginning of year 598 829 467 656
Cash and cash equivalents at end of period 829 612 598 467
Supplemental cash flow information:        
Cash paid during the year for interest 899 4,698 3,458 3,532
Cash (received) paid during the year for income taxes, net of refunds received (956) 255 (6,013) 2,370
Non-cash financing activity—issuance of common stock 20,387 0 0 0
Non-cash financing activity—capital lease agreement $ 0 $ 778 $ 0 $ 0