XML 19 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Oct. 03, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 126,099 $ 48,455 $ 51,912
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 16,257 16,230 18,972
Impairment charges 35,207 0 0
Equity-based compensation and employee benefits 11,722 5,730 11,989
Reversal of excess tax benefits (Excess tax benefits from stock based compensation) 4,392 (197) (540)
Adjustment for doubtful accounts (136) (115) 478
Adjustment for inventory valuation 10,925 6,676 3,978
Deferred taxes (16,758) (15,459) (16,671)
Gain on disposal of property, plant and equipment (999) (55) (71)
Unrealized foreign currency translation 1,362 1,318 (6,631)
Share of results of equity method investee (190) 0 0
Changes in operating assets and liabilities, net of assets and liabilities assumed in businesses combinations:      
Accounts and notes receivable (67,879) (22,139) 72,304
Inventory (47,425) (16,340) (14,471)
Prepaid expenses and other current assets (8,468) 1,599 493
Accounts Payable, accrued expenses and other current liabilities 63,425 32,692 (34,106)
Income taxes payable 3,946 10,492 (1,968)
Other, net 4,830 (480) 2,207
Net cash provided by operating activities 136,310 68,407 87,875
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of business, net of cash acquired (27,119) 0 (93,153)
Purchases of property, plant and equipment (25,590) (6,218) (10,269)
Proceeds from sales of property, plant and equipment 1,352 1,053 180
Purchases of equity investments (1,312) 0 0
Purchase of short term investments (305,000) (124,000) (1,630)
Maturity of short term investments 213,000 0 10,763
Changes in Restricted Cash (530) 0 0
Net cash used in investing activities (145,199) (129,165) (94,109)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment on debts (604) (542) (10,815)
Proceeds from Short-term Debt 0 0 837
Proceeds from exercise of common stock options 509 410 694
Repurchase of common stock (18,197) (14,551) (75,715)
(Reversal of excess tax benefits) Excess tax benefits from stock based compensation (4,392) 197 540
Net cash used in financing activities (22,684) (14,486) (84,459)
Effect of exchange rate changes on cash and cash equivalents 76 537 1,326
Changes in cash and cash equivalents (31,497) (74,707) (89,367)
Cash and cash equivalents at beginning of period 423,907 498,614 587,981
Cash and cash equivalents at end of period 392,410 423,907 498,614
CASH PAID FOR:      
Interest 1,059 1,107 1,183
Income taxes $ 8,283 $ 10,020 $ 5,192