v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Operating activities:    
Consolidated net earnings $ 5,144 $ 2,011
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 6,695 6,381
Amortization of deferred financing fees 162 157
Provision for inventory market reserves 533 (687)
Provision for deferred income taxes 826 0
Non-cash stock compensation 954 1,196
Gain on disposal of equipment (2) (28)
Other, net (252) (1,555)
Changes in operating assets and liabilities:    
Accounts receivable, net (5,487) 1,480
Inventories, net (3,548) (17,539)
Prepaid expenses and other current assets (1,539) (176)
Other non-current assets 404 (285)
Accounts payable (2,373) 4,065
Accrued expenses (1,808) (5,640)
Net operating lease liabilities 470 910
Income taxes 721 (485)
Other liabilities (145) (7)
Net cash used provided by (used in) operating activities 755 (10,202)
Investing activities:    
Purchases of property and equipment, net (1,215) (3,886)
Proceeds from equipment under financed leases 2,312 0
Proceeds from sale of equipment 247 0
Cash paid for business (1,679) (1,660)
Net cash used in investing activities (335) (5,546)
Financing activities:    
Proceeds from long-term debt 224,729 237,622
Repayment of long-term debt (221,993) (203,622)
Repayment of capital financing (3,820) (2,714)
Payment of contingent consideration (2,110) (2,500)
Payment of deferred financing costs 0 (1,079)
Repurchase of common stock 0 (2,029)
Payment of withholding taxes on stock awards (1,133) (967)
Net cash (used in) provided by financing activities (4,327) 24,711
Net (decrease) increase in cash and cash equivalents (3,907) 8,963
Cash and cash equivalents at beginning of period 16,458 605
Cash and cash equivalents at end of period 12,551 9,568
Supplemental cash flow information    
Finance lease assets exchanged for finance lease liabilities 11,818 4,378
Operating lease assets exchanged for operating lease liabilities $ 47 $ 4,084

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