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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Apr. 03, 2022
Mar. 28, 2021
Cash flows from operating activities:    
Net income $ 121,548 $ 97,976
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,662 11,524
Equity in income of unconsolidated joint ventures (3,760) (1,872)
Distributions of earnings from unconsolidated joint ventures 2,506 1,622
Amortization of stock-based awards 12,392 10,566
Deferred income taxes 494 350
Fair value adjustments to contingent consideration 199 (193)
Loss (gain) on sale of property and equipment 178 (66)
Changes in operating assets and liabilities, net of effects of business acquisitions:    
Accounts receivable and contract assets (862) 33,877
Prepaid expenses and other assets 12,977 18,091
Accounts payable (632) 12,063
Accrued compensation (25,725) (20,524)
Contract liabilities 34,529 9,957
Other liabilities 4,426 (5,528)
Income taxes receivable/payable 6,617 (10,419)
Net cash provided by operating activities 177,549 157,424
Cash flows from investing activities:    
Payments for business acquisitions, net of cash acquired (33,611) (3,065)
Capital expenditures (5,620) (4,297)
Proceeds from sales of divested business 3,124 0
Proceeds from sale of property and equipment 541 79
Net cash used in investing activities (35,566) (7,283)
Cash flows from financing activities:    
Proceeds from borrowings 141,456 141,628
Repayments on long-term debt (105,824) (146,250)
Bank overdrafts 0 (21,121)
Repurchases of common stock (100,000) (30,000)
Taxes paid on vested restricted stock (25,055) (17,488)
Stock options exercised 1,205 9,771
Dividends paid (21,562) (18,410)
Payments of contingent earn-out liabilities (4,035) (8,037)
Principal payments on finance leases (1,979) (1,222)
Net cash used in financing activities (115,794) (91,129)
Effect of exchange rate changes on cash and cash equivalents 1,621 8,803
Net increase in cash and cash equivalents 27,810 67,815
Cash and cash equivalents at beginning of period 166,568 157,515
Cash and cash equivalents at end of period 194,378 225,330
Cash paid during the period for:    
Interest 5,141 5,412
Income taxes, net of refunds received of $2.4 million and $1.1 million $ 25,476 $ 30,832