XML 56 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Apr. 26, 2014
Apr. 27, 2013
OPERATING ACTIVITIES:    
Net income $ 23,488 $ 20,522
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 69,713 60,660
Bad debt expense, net 519 51
Gain on sale of fixed assets (7,904) (3,867)
Deferred income tax provision (benefit) (1,017) (3,958)
Stock-based compensation 9,721 7,275
Write off of Deferred Debt Issuance Cost 0 321
Amortization of premium on long-term debt (275) (131)
Amortization of debt issuance costs and other 1,428 1,192
Excess tax benefit from share-based awards (2,837) (758)
Change in operating assets and liabilities:    
Accounts receivable, net 18,406 20,885
Costs and estimated earnings in excess of billings, net 5,381 4,880
Other current assets and inventory (13,242) (2,490)
Other assets (646) 43
Income taxes receivable/payable (8,827) 5,420
Accounts payable (5,506) (11,572)
Accrued liabilities, insurance claims, and other liabilities 9,089 (7,146)
Net cash provided by operating activities 97,491 91,327
INVESTING ACTIVITIES:    
Payments to Acquire Businesses, Net of Cash Acquired (700) (318,984)
Capital expenditures (70,585) (45,743)
Proceeds from sale of assets 9,425 4,467
Changes in restricted cash (305) (31)
Net cash used in investing activities (62,165) (360,291)
FINANCING ACTIVITIES:    
Proceeds from issuance of 7.125% senior subordinated notes due 2021 (including $3.8 million premium on fiscal 2013 issuance) 0 93,825
Proceeds from issuance of 7.125% senior subordinated notes due 2021 (including $3.8 million premium on fiscal 2013 issuance) 0 125,000
Proceeds from borrowings on Senior Credit Agreement 337,000 310,500
Principal payments on Senior Credit Agreement (375,469) (276,063)
Debt Issuance Cost 0 (6,739)
Repurchases of common stock (9,999) (15,203)
Exercise of stock options and other 14,010 3,511
Restricted stock tax withholdings (3,590) (885)
Excess tax benefit from share-based awards 2,837 758
Principal payments on capital lease obligations 0 (74)
Net cash provided by financing activities (35,211) 234,630
Net (decrease) increase in cash and equivalents 115 (34,334)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 18,607 52,581
CASH AND EQUIVALENTS AT END OF PERIOD 18,722 18,247
Cash paid during the period for:    
Interest 14,160 10,122
Income taxes 26,106 12,149
Purchases of capital assets included in accounts payable or other accrued liabilities at period end $ 4,328 $ 2,626