XML 17 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jan. 02, 2016
Dec. 27, 2014
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES:    
Net income $ 27,138 $ 22,656
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Depreciation and amortization 25,751 24,656
Stock-based compensation expense 4,052 5,717
Deferred income taxes 12,326 10,739
Other, net 1,270 4,427
Changes in operating assets and liabilities:    
Accounts receivable 5,848 3,937
Inventories 22,508 (17,036)
Prepaid expenses and other assets 429 2,794
Accounts payable (12,557) (55,212)
Accrued liabilities (24,105) (8,847)
Cash provided by (used in) operating activities 62,660 (6,169)
CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (28,910) (28,708)
Proceeds from sales of property, plant and equipment 202 932
Cash used in investing activities (28,708) (27,776)
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES:    
Repayments of long-term debt 0 (105,250)
Repayments of short-term borrowings 0 (10,221)
Proceeds from revolving credit facility borrowings 770,500 617,500
Repayments of revolving credit facility borrowings (794,500) (557,500)
Proceeds from termination of interest rate swap 0 3,258
Net proceeds from stock issuances 4,310 10,690
Repurchases of common stock (28,694) 0
Cash used in financing activities (48,384) (41,523)
Effect of exchange rate changes 626 10
Decrease in cash and cash equivalents (13,806) (75,458)
Cash and cash equivalents at beginning of period 412,253 466,607
Cash and cash equivalents at end of period 398,447 391,149
Cash paid during the period for:    
Interest, net of capitalized interest 8,957 9,050
Income taxes, net of refunds $ 9,339 $ 3,461