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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Jul. 02, 2023
Jul. 03, 2022
Oct. 02, 2022
Cash flows from operating activities:          
Net income $ 60,238 $ 58,657 $ 219,794 $ 180,205  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     43,221 19,545  
Equity in income of unconsolidated joint ventures     (4,831) (5,233)  
Distributions of earnings from unconsolidated joint ventures     4,345 4,532  
Amortization of stock-based awards     21,640 19,104  
Deferred income taxes     21,475 750  
Fair value adjustments to contingent consideration 0 (263) 8,477 (64)  
(Gain) loss on sale of assets     (310) 93  
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     (41,824) (54,874)  
Prepaid expenses and other assets     1,970 33,254  
Accounts payable     (3,678) 8,845  
Accrued compensation     5,263 15,349  
Contract liabilities     56,189 59,025  
Other liabilities     (6,921) (12,702)  
Income taxes receivable/payable     10,645 8,147  
Net cash provided by operating activities     246,053 275,976  
Cash flows from investing activities:          
Payments for business acquisitions, net of cash acquired     (854,319) (33,624)  
Capital expenditures     (17,322) (8,401)  
Proceeds from sale of property and equipment     439 3,754  
Settlement of foreign currency forward contract     109,306 0  
Net cash used in investing activities     (761,896) (38,271)  
Cash flows from financing activities:          
Proceeds from borrowings     979,859 141,456  
Repayments on long-term debt     (411,676) (108,949)  
Repurchases of common stock     0 (150,000)  
Taxes paid on vested restricted stock     (16,785) (25,193)  
Stock options exercised     425 1,205  
Dividends paid     (38,268) (33,873)  
Payments of contingent earn-out liabilities     (15,078) (4,035)  
Principal payments on finance leases     (4,082) (3,097)  
Net cash provided by (used in) financing activities     494,395 (182,486)  
Effect of exchange rate changes on cash and cash equivalents     12,410 (4,403)  
Net (decrease) increase in cash and cash equivalents     (9,038) 50,816  
Cash and cash equivalents at beginning of period     185,094 166,568 $ 166,568
Cash and cash equivalents at end of period $ 176,056 $ 217,384 176,056 217,384 $ 185,094
Cash paid during the period for:          
Interest     34,839 7,556  
Income taxes, net of refunds received of $1.5 million and $4.2 million     54,967 49,131  
Supplemental disclosures on non-cash investing activities:          
Issuance of promissory note for business acquisition     $ 0 $ 14,578