Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Jul. 02, 2016
Jun. 27, 2015
Operating activities:    
Net income $ 6,661 $ 3,853
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 7,209 7,199
Amortization of deferred financing fees 335 375
Excess tax benefits from exercise of stock options (89) (2)
Provision for deferred income taxes 1,735 1,249
Gain on sale of The Game assets before transaction costs 0 (8,114)
Non-cash stock compensation 1,450 965
Change in fair value of contingent consideration (600) (500)
Fixed asset impairment charge 831 0
Loss on disposal of equipment 63 20
Changes in operating assets and liabilities:    
Accounts receivable, net 2,876 2,306
Inventories, net (18,775) 6,703
Prepaid expenses and other assets (2,238) (780)
Other non-current assets 47 37
Accounts payable (4,084) (7,616)
Accrued expenses (2,459) 28
Income tax payable/receivable (108) 1,544
Other liabilities 128 (308)
Net cash (used in) provided by operating activities (7,018) 6,959
Investing activities:    
Purchases of property and equipment, net (9,480) (4,230)
Proceeds from sale of The Game assets 0 14,913
Proceeds from sale of fixed assets 23 470
Net cash (used in) provided by investing activities (9,457) 11,153
Financing activities:    
Proceeds from long-term debt 372,608 371,184
Repayment of long-term debt (352,517) (388,982)
Repayment of capital financing (251) (114)
Payment of deferred financing fees (1,001) (25)
Repurchase of common stock (1,818) (440)
Proceeds from exercise of stock options 0 21
Payment of withholding taxes on exercise of stock options (163) (10)
Excess tax benefits from exercise of stock options 89 2
Net cash provided by (used in) financing activities 16,947 (18,364)
Net increase (decrease) in cash and cash equivalents 472 (252)
Cash and cash equivalents at beginning of period 300 612
Cash and cash equivalents at end of period 772 360
Supplemental cash flow information:    
Cash paid during the period for interest 3,274 3,639
Cash paid (received) during the period for income taxes, net of refunds received 217 (218)
Non-cash financing activity - shortfall to excess tax benefit pool 0 673
Non-cash financing activity - capital lease agreements 0 105
Non-cash financing activity - capital lease agreements $ 1,374 $ 0