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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jul. 01, 2023
Jul. 02, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 33,791 $ 368,641
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,746 15,773
Impairment charges 21,535 1,346
Equity-based compensation and employee benefits 17,303 14,473
Adjustment for doubtful accounts 49 (245)
Adjustment for inventory valuation 2,598 1,110
Deferred taxes (14,441) (3,675)
Gain on disposal of property, plant and equipment (539) (129)
Unrealized foreign currency translation 2,610 (3,806)
Changes in operating assets and liabilities, net of assets and liabilities assumed in businesses combinations:    
Accounts and other receivable 112,881 71,825
Inventories (44,106) (49,230)
Prepaid expenses and other current assets 17,165 (50,725)
Accounts payable, accrued expenses and other current liabilities (35,461) (84,017)
Income taxes payable (37,028) (6,663)
Other, net (1,191) (1,053)
Net cash provided by operating activities 95,912 273,625
Acquisition of business, net of cash acquired (36,881) 0
Proceeds from sales of property, plant and equipment 318 119
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of business, net of cash acquired 36,881 0
Purchases of property, plant and equipment (35,125) (10,380)
Proceeds from sales of property, plant and equipment 318 119
Investment in private equity fund (36) (397)
Purchase of short-term investments (465,000) (389,000)
Maturity of short-term investments 375,000 466,000
Net cash (used in)/provided by investing activities (161,724) 66,342
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment on short-term debt 0 (54,500)
Payment for finance lease (447) (373)
Repurchase of common stock/treasury stock (60,608) (221,139)
Common stock cash dividends paid (31,303) (29,393)
Proceeds from short-term debt 0 54,500
Net cash used in financing activities (92,358) (250,905)
Effect of exchange rate changes on cash and cash equivalents 4,439 (6,069)
Changes in cash and cash equivalents (153,731) 82,993
Cash and cash equivalents at beginning of period 555,537 362,788
Cash and cash equivalents at end of period 401,806 445,781
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING ACTIVITIES:    
Other Significant Noncash Transaction, Value of Consideration Given 8,098 660
CASH PAID FOR:    
Interest 116 173
Income taxes, net of refunds $ 55,998 $ 50,059