v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Operating activities:    
Consolidated net earnings (loss) $ 2,011 $ (402)
Adjustment to reconcile net earnings (loss) to net cash used in operating activities:    
Depreciation and amortization 6,381 5,859
Amortization of deferred financing fees 157 153
Benefit from deferred income taxes (490)
Non-cash stock compensation 1,196 1,123
(Gain) loss on disposal of equipment (28) 2
Other, net (1,555) (1,435)
Changes in operating assets and liabilities, net of effect of acquisition    
Accounts receivable 1,480 (11,882)
Inventories, net (18,226) (10,416)
Prepaid expenses and other current assets (176) 147
Other non-current assets (285) (20)
Accounts payable 4,065 10,920
Accrued expenses (5,640) (1,283)
Change in net operating lease liabilities 910
Income taxes (485) (770)
Other liabilities (7) 212
Net cash used in operating activities (10,202) (8,282)
Investing activities:    
Purchases of property and equipment, net (3,886) (2,102)
Cash paid for business (1,660) (3,699)
Net cash used in investing activities (5,546) (5,801)
Financing activities:    
Proceeds from long-term debt 237,622 233,864
Repayment of long-term debt (203,622) (211,265)
Repayment of capital financing (2,714) (2,031)
Payment of contingent consideration (2,500) (564)
Payment of deferred financing costs (1,079)
Repurchase of common stock (2,029) (2,488)
Payment of withholding taxes on stock awards (967) (2,116)
Net cash provided by financing activities 24,711 15,400
Net (decrease) increase in cash and cash equivalents 8,963 1,317
Cash and cash equivalents at beginning of period 605 460
Cash and cash equivalents at end of period $ 9,568 $ 1,777

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