Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.3.1.900
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Jan. 02, 2016
Dec. 27, 2014
Operating activities:    
Net income (loss) $ 681 $ (4,211)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 2,342 2,427
Amortization of deferred financing fees 125 125
Excess tax benefits from exercise of stock options (89) 0
Provision for deferred income taxes 994 657
Non-cash stock compensation 412 (66)
Change in fair value of contingent consideration (200) 65
(Gain) loss on disposal of equipment (1) 11
Changes in operating assets and liabilities:    
Accounts receivable 14,377 16,577
Inventories (10,836) (13,427)
Prepaid expenses and other assets (2,479) (1,176)
Other non-current assets 0 9
Accounts payable (1,644) 2,240
Accrued expenses (3,826) (1,055)
Income tax payable/receivable (625) (805)
Other liabilities (240) (200)
Net cash (used in) provided by operating activities (1,009) 1,171
Investing activities:    
Purchases of property and equipment, net (1,753) (1,971)
Proceeds from sale of fixed assets 16 0
Net cash used in investing activities (1,737) (1,971)
Financing activities:    
Proceeds from long-term debt 118,629 133,124
Repayment of long-term debt (114,660) (132,673)
Repayment of capital financing (36) 0
Payment of deferred financing fees 0 (25)
Repurchase of common stock (1,117) 0
Payment of withholding taxes on exercise of stock options (163) 0
Excess tax benefits from exercise of stock options 89 0
Net cash provided by (used in) financing activities 2,742 426
Net decrease in cash and cash equivalents (4) (374)
Cash and cash equivalents at beginning of period 300 612
Cash and cash equivalents at end of period 296 238
Supplemental cash flow information:    
Cash paid during the period for interest 982 1,182
Cash paid (received) during the period for income taxes, net of refunds received 33 (385)
Non-cash financing activity - capital lease agreements $ 1,336 $ 0