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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 30, 2017
Cash Flows from Operating Activities      
Net income $ 43,067 $ 61,328 $ 25,084
Adjustments to reconcile net income to net cash provided by (used in) operating activities      
Stock-based compensation 9,397 7,283 5,600
Fair value adjustment to acquired inventory 1,601 0 7,975
Net periodic pension benefit cost 1,154 1,178 1,768
Depreciation and amortization 37,975 34,492 35,523
(Gain) loss on sale or disposal of property and equipment 1,442 (4,162) 733
Amortization of debt issuance costs 6,765 4,644 3,863
Loss on debt extinguishment 0 0 503
Deferred income taxes (11,060) (28,252) (9,127)
Bad debt provision (recovery), net 1,744 2,271 1,930
Other (671) (111) 0
Changes in operating assets and liabilities      
Accounts receivable and unbilled accounts receivable (21,340) 4,763 7,652
Inventories, net 8,702 (12,343) (2,253)
Prepaid expenses (3,194) (375) (1,486)
Accounts payable (4,624) (846) 1,751
Accrued payroll and related costs 2,917 (5,338) 4,781
Advance payments from customers (23,041) 3,531 3,635
Accrued warranty costs (1,861) (594) 278
Other assets and liabilities 24,490 (4,222) (16,350)
Net Cash Provided by (Used in) Operating Activities 73,463 63,247 71,860
Cash Flows from Investing Activities      
Purchases of property and equipment (30,525) (12,321) (17,798)
Proceeds from sale of property and equipment 10 6,793 45
Purchases of business, net of acquired cash (151,956) 0 (853)
Other (285) 823 0
Net Cash Provided by (Used in) Investing Activities (182,756) (4,705) (18,606)
Cash Flows from Financing Activities      
Proceeds from issuance of long-term debt 430,391 0 0
Payment of long-term debt (298,659) (64,517) (4,881)
Payment of debt component of tangible equity units (7,290) (9,153) (8,541)
Payment of debt issuance costs for long-term debt (6,561) 0 (782)
Payment of debt issuance costs for revolving credit facility (667) (125) (200)
Receipts under short-term borrowings 70,000 38,750 0
Payments under short-term borrowings (70,000) (38,750) 0
Cash dividends (21,713) (21,360) (20,079)
Proceeds from exercise of stock options and employee stock purchase plan 3,435 1,992 5,579
Payments to purchase and retire common stock (1,533) (1,403) (1,785)
Net Cash Provided by (Used in) Financing Activities 97,403 (94,566) (30,689)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (1,977) (905) 1,388
Cash and Cash Equivalents      
Increase (decrease) during the period (13,867) (36,929) 23,953
Balance, beginning of period 71,804 108,733 84,780
Balance, End of Period 57,937 71,804 108,733
Cash paid during the year for      
Interest 22,136 22,224 29,881
Income taxes 11,406 11,380 11,478
Non-cash investing and financing activities      
Property and equipment acquired under capital lease 0 67 2,747
Dividends declared not yet paid $ 5,695 $ 5,312 $ 5,278