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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 29, 2024
Oct. 01, 2023
Oct. 02, 2022
Cash flows from operating activities:      
Net income $ 333,443 $ 273,452 $ 263,164
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 73,677 61,206 27,033
Amortization of stock-based awards 31,155 28,607 26,227
Deferred income taxes (19,980) (21,204) 2,175
Fair value adjustments to contingent consideration 2,541 12,255 329
Right-of-use operating lease asset impairment 0 16,385 0
Fair value adjustment to foreign currency forward contract 0 (89,402) (19,904)
Acquisition and integration expenses 7,138 0 0
Other non-cash items 5,369 975 (1,245)
Changes in operating assets and liabilities, net of effects of business acquisitions:      
Accounts receivable and contract assets (40,188) (19,783) (89,781)
Prepaid expenses and other assets (20,894) 78,686 69,697
Accounts payable 18,091 (19,214) 17,099
Accrued compensation 6,657 37,094 27,458
Contract liabilities 4,704 44,152 55,915
Cash settled contingent earn-out liability (7,943) 0 0
Income taxes receivable/payable (35,530) 40,527 14,627
Other liabilities 468 (75,273) (56,606)
Net cash provided by operating activities 358,708 368,463 336,188
Cash flows from investing activities:      
Payments for business acquisitions, net of cash acquired (93,650) (854,319) (49,124)
Settlement of foreign currency forward contract 0 109,306 0
Capital expenditures (18,135) (26,901) (10,582)
Proceeds from sales of assets 742 715 3,966
Net cash used in investing activities (111,043) (771,199) (55,740)
Cash flows from financing activities:      
Proceeds from borrowings 217,000 994,859 161,456
Repayments on long-term debt (287,000) (1,026,051) (117,080)
Proceeds from issuance of convertible notes 0 575,000 0
Payments of debt issuance costs 0 (14,451) 0
Capped call transactions 0 (51,750) 0
Repurchases of common stock 0 0 (200,000)
Shares repurchased for tax withholdings on share-based awards (12,982) (16,833) (25,223)
Payments of contingent earn-out liabilities (46,107) (21,328) (20,124)
Stock options exercised 3,067 626 1,806
Dividends paid (58,828) (52,113) (46,099)
Principal payments on finance leases (6,530) (5,579) (4,344)
Net cash (used in) provided by financing activities (191,380) 382,380 (249,608)
Effect of exchange rate changes on cash and cash equivalents 7,573 4,093 (12,314)
Net increase (decrease) in cash and cash equivalents 63,858 (16,263) 18,526
Cash and cash equivalents at beginning of year 168,831 185,094 166,568
Cash and cash equivalents at end of year 232,689 168,831 185,094
Cash paid during the year for:      
Interest 36,855 47,367 13,378
Income taxes, net of refunds received of $4.2 million, $2.2 million and $4.8 million $ 180,707 $ 93,176 $ 70,799