XML 19 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Oct. 29, 2016
Oct. 24, 2015
OPERATING ACTIVITIES:    
Net income $ 51,050 $ 30,824
Adjustments to reconcile net income to net cash used in operating activities, net of acquisitions:    
Depreciation and amortization 34,546 27,449
Deferred income tax provision (benefit) 1,612 (3,971)
Stock-based compensation 5,707 4,509
Bad debt expense, net 82 490
Gain on sale of fixed assets (1,443) (1,136)
Write-off of deferred financing fees and premium on long-term debt 0 2,017
Amortization of debt discount 4,307 1,780
Amortization of debt issuance costs and other 815 596
Excess tax benefit from share-based awards (879) (1,024)
Change in operating assets and liabilities:    
Accounts receivable, net (2,404) (35,497)
Costs and estimated earnings in excess of billings, net (115,498) (51,342)
Other current assets and inventory (13,635) (9,296)
Other assets 132 (844)
Income taxes receivable/payable 13,881 12,598
Accounts payable 1,083 7,875
Accrued liabilities, insurance claims, and other liabilities (20,915) (13,890)
Net cash used in operating activities (41,559) (28,862)
INVESTING ACTIVITIES:    
Capital expenditures (40,080) (40,758)
Proceeds from sale of assets 2,323 1,327
Changes in restricted cash (463) (479)
Cash paid for acquisitions, net of cash acquired 0 (48,596)
Net cash used in investing activities (38,220) (88,506)
FINANCING ACTIVITIES:    
Proceeds from borrowings on senior credit agreement, including term loans 206,000 317,000
Principal payments on senior credit agreement, including term loans (138,000) (281,000)
Proceeds from issuance of 0.75% convertible senior notes due 2021 0 485,000
Proceeds from sale of warrants 0 74,690
Purchase of convertible note hedges 0 (115,818)
Principal payments for satisfaction and discharge of 7.125% senior subordinated notes 0 (277,500)
Debt issuance costs 0 (14,494)
Repurchases of common stock 0 (69,997)
Exercise of stock options 202 139
Restricted stock tax withholdings (1,378) (1,168)
Excess tax benefit from share-based awards 879 1,024
Net cash provided by financing activities 67,703 117,876
Net (decrease) increase in cash and equivalents (12,076) 508
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 33,787 21,289
CASH AND EQUIVALENTS AT END OF PERIOD 21,711 21,797
SUPPLEMENTAL DISCLOSURE OF OTHER CASH FLOW ACTIVITIES AND NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Cash paid for interest 4,924 6,866
Cash paid for taxes, net 15,381 11,444
Purchases of capital assets included in accounts payable or other accrued liabilities at period end 6,870 7,805
Debt Issuance Costs Incurred During Noncash or Partial Noncash Transaction $ 0 $ 993