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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Apr. 02, 2023
Apr. 03, 2022
Cash flows from operating activities:    
Net income $ 159,556 $ 121,548
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,537 12,662
Equity in income of unconsolidated joint ventures (3,073) (3,760)
Distributions of earnings from unconsolidated joint ventures 2,157 2,506
Amortization of stock-based awards 14,602 12,392
Deferred income taxes 20,978 494
Fair value adjustments to contingent consideration 8,477 199
Loss on sale of property and equipment 32 178
Fair value adjustments to foreign currency forward contract (89,402) 0
Changes in operating assets and liabilities, net of effects of business acquisitions:    
Accounts receivable and contract assets (36,545) (862)
Prepaid expenses and other assets (20,461) 12,977
Accounts payable 43,169 (632)
Accrued compensation (42,872) (25,725)
Contract liabilities 29,037 34,529
Other liabilities 741 4,426
Income taxes receivable/payable 3,190 6,617
Net cash provided by operating activities 113,123 177,549
Cash flows from investing activities:    
Payments for business acquisitions, net of cash acquired (854,319) (33,611)
Capital expenditures (10,294) (5,620)
Proceeds from sale of property and equipment 88 3,665
Settlement of foreign currency forward contract 109,306 0
Net cash used in investing activities (755,219) (35,566)
Cash flows from financing activities:    
Proceeds from borrowings 975,889 141,456
Repayments on long-term debt (249,667) (105,824)
Repurchases of common stock 0 (100,000)
Taxes paid on vested restricted stock (16,680) (25,055)
Stock options exercised 91 1,205
Dividends paid (24,428) (21,562)
Payments of contingent earn-out liabilities (2,000) (4,035)
Principal payments on finance leases (2,714) (1,979)
Net cash provided by (used in) financing activities 680,491 (115,794)
Effect of exchange rate changes on cash and cash equivalents 7,899 1,621
Net increase in cash and cash equivalents 46,294 27,810
Cash and cash equivalents at beginning of period 185,094 166,568
Cash and cash equivalents at end of period 231,388 194,378
Cash paid during the period for:    
Interest 18,791 5,141
Income taxes, net of refunds received of $1.2 million and $2.4 million $ 40,107 $ 25,476