XML 52 R43.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Consolidating Condensed Financial Information of Guarantor Subsidiaries (Tables) | 12 Months Ended
--- | ---
Sep. 26, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Consolidating Condensed Statement of Operations |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS Fiscal Year Ended September 26, 2015 (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Net sales |  | $ | 494,143 |  |  | $ | 100,127 |  |  | $ | 1,136,958 |  |  | $ | (80,491 | ) |  | $ | 1,650,737 |
Cost of goods sold and occupancy |  |  | 387,632 |  |  |  | 76,597 |  |  |  | 773,369 |  |  |  | (74,913 | ) |  |  | 1,162,685 |
Gross profit |  |  | 106,511 |  |  |  | 23,530 |  |  |  | 363,589 |  |  |  | (5,578 | ) |  |  | 488,052 |
Selling, general and administrative expenses |  |  | 126,223 |  |  |  | 18,329 |  |  |  | 257,643 |  |  |  | (5,578 | ) |  |  | 396,617 |
Income (loss) from operations |  |  | (19,712 | ) |  |  | 5,201 |  |  |  | 105,946 |  |  |  | 0 |  |  |  | 91,435 |
Interest expense |  |  | (39,893 | ) |  |  | (268 | ) |  |  | 134 |  |  |  | 0 |  |  |  | (40,027 | )
Interest income |  |  | 126 |  |  |  | 3 |  |  |  | 0 |  |  |  | 0 |  |  |  | 129 |
Other income (expense) |  |  | (372 | ) |  |  | 407 |  |  |  | (22 | ) |  |  | 0 |  |  |  | 13 |
Income (loss) before taxes and equity in earnings of affiliates |  |  | (59,851 | ) |  |  | 5,343 |  |  |  | 106,058 |  |  |  | 0 |  |  |  | 51,550 |
Income tax expense (benefit) |  |  | (21,562 | ) |  |  | 2,089 |  |  |  | 38,008 |  |  |  | 0 |  |  |  | 18,535 |
Equity in earnings of affiliates |  |  | 70,260 |  |  |  | 0 |  |  |  | 2,445 |  |  |  | (72,705 | ) |  |  | 0 |
Net income including noncontrolling interest |  |  | 31,971 |  |  |  | 3,254 |  |  |  | 70,495 |  |  |  | (72,705 | ) |  |  | 33,015 |
Noncontrolling interest |  |  | 0 |  |  |  | 1,044 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,044 |
Net income attributable to Central Garden & Pet Company |  | $ | 31,971 |  |  | $ | 2,210 |  |  | $ | 70,495 |  |  | $ | (72,705 | ) |  | $ | 31,971 |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS Fiscal Year Ended September 27, 2014 (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Net sales |  | $ | 460,781 |  |  | $ | 109,453 |  |  | $ | 1,103,926 |  |  | $ | (69,803 | ) |  | $ | 1,604,357 |
Cost of goods sold and occupancy |  |  | 370,492 |  |  |  | 87,028 |  |  |  | 757,217 |  |  |  | (64,404 | ) |  |  | 1,150,333 |
Gross profit |  |  | 90,289 |  |  |  | 22,425 |  |  |  | 346,709 |  |  |  | (5,399 | ) |  |  | 454,024 |
Selling, general and administrative expenses |  |  | 117,240 |  |  |  | 18,230 |  |  |  | 267,740 |  |  |  | (5,399 | ) |  |  | 397,811 |
Income (loss) from operations |  |  | (26,951 | ) |  |  | 4,195 |  |  |  | 78,969 |  |  |  | 0 |  |  |  | 56,213 |
Interest expense |  |  | (42,742 | ) |  |  | (218 | ) |  |  | 116 |  |  |  | 0 |  |  |  | 42,844 |
Interest income |  |  | 92 |  |  |  | 2 |  |  |  | 0 |  |  |  | 0 |  |  |  | 94 |
Other income (expense) |  |  | 186 |  |  |  | 583 |  |  |  | (366 | ) |  |  | 0 |  |  |  | 403 |
Income (loss) before taxes and equity in earnings of affiliates |  |  | (69,415 | ) |  |  | 4,562 |  |  |  | 78,719 |  |  |  | 0 |  |  |  | 13,866 |
Income tax expense (benefit) |  |  | (26,962 | ) |  |  | 756 |  |  |  | 30,251 |  |  |  | 0 |  |  |  | 4,045 |
Equity in earnings of affiliates |  |  | 51,257 |  |  |  | 0 |  |  |  | 1,506 |  |  |  | (52,763 | ) |  |  | 0 |
Net income loss including noncontrolling interest |  |  | 8,804 |  |  |  | 3,806 |  |  |  | 49,974 |  |  |  | (52,763 | ) |  |  | 9,821 |
Noncontrolling interest |  |  | 0 |  |  |  | 1,017 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,017 |
Net income attributable to Central Garden & Pet Company |  | $ | 8,804 |  |  | $ | 2,789 |  |  | $ | 49,974 |  |  | $ | (52,763 | ) |  | $ | 8,804 |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS Fiscal Year Ended September 28, 2013 (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Net sales |  | $ | 453,001 |  |  | $ | 88,822 |  |  | $ | 1,186,328 |  |  | $ | (74,518 | ) |  | $ | 1,653,633 |
Cost of goods sold and occupancy |  |  | 364,120 |  |  |  | 73,068 |  |  |  | 821,524 |  |  |  | (68,981 | ) |  |  | 1,189,731 |
Gross profit |  |  | 88,881 |  |  |  | 15,754 |  |  |  | 364,804 |  |  |  | (5,537 | ) |  |  | 463,902 |
Selling, general and administrative expenses |  |  | 127,644 |  |  |  | 19,340 |  |  |  | 282,300 |  |  |  | (5,537 | ) |  |  | 423,747 |
Income (loss) from operations |  |  | (38,763 | ) |  |  | (3,586 | ) |  |  | 82,504 |  |  |  | 0 |  |  |  | 40,155 |
Interest expense |  |  | (42,925 | ) |  |  | (263 | ) |  |  | 76 |  |  |  | 0 |  |  |  | 43,112 |
Interest income |  |  | 140 |  |  |  | 2 |  |  |  | 0 |  |  |  | 0 |  |  |  | 142 |
Other income (expense) |  |  | (250 | ) |  |  | 398 |  |  |  | (825 | ) |  |  | 0 |  |  |  | (677 | )
Income (loss) before taxes and equity in earnings of affiliates |  |  | (81,798 | ) |  |  | (3,449 | ) |  |  | 81,755 |  |  |  | 0 |  |  |  | (3,492 | )
Income tax expense (benefit) |  |  | (46,789 | ) |  |  | (2,567 | ) |  |  | 46,764 |  |  |  | 0 |  |  |  | (2,592 | )
Equity in earnings of affiliates |  |  | 33,080 |  |  |  | 0 |  |  |  | (2,561 | ) |  |  | (30,519 | ) |  |  | 0 |
Net income (loss) including noncontrolling interest |  |  | (1,929 | ) |  |  | (882 | ) |  |  | 32,430 |  |  |  | (30,519 | ) |  |  | (900 | )
Noncontrolling interest |  |  | 0 |  |  |  | 1,029 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,029 |
Net income (loss) attributable to Central Garden & Pet Company |  | $ | (1,929 | ) |  | $ | (1,911 | ) |  | $ | 32,430 |  |  | $ | (30,519 | ) |  | $ | (1,929 | )
Consolidating Condensed Statements of Comprehensive Income |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME Fiscal Year Ended September 26, 2015 (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Net income |  | $ | 31,971 |  |  | $ | 3,254 |  |  | $ | 70,495 |  |  | $ | (72,705 | ) |  | $ | 33,015 |
Other comprehensive loss: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized loss on securities |  |  | (10 | ) |  |  | 0 |  |  |  |  |  |  |  |  |  |  |  | (10 | )
Reclassification of realized loss on securities included in net income |  |  | 20 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 20 |
Foreign currency translation |  |  | (1,078 | ) |  |  | (537 | ) |  |  | (380 | ) |  |  | 917 |  |  |  | (1,078 | )
Total comprehensive income |  |  | 30,903 |  |  |  | 2,717 |  |  |  | 70,115 |  |  |  | (71,788 | ) |  |  | 31,947 |
Comprehensive income attributable to noncontrolling interests |  |  | 0 |  |  |  | 1,044 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,044 |
Comprehensive income attributable to Central Garden & Pet Company |  | $ | 30,903 |  |  | $ | 1,673 |  |  | $ | 70,115 |  |  | $ | (71,788 | ) |  | $ | 30,903 |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME Fiscal Year Ended September 27, 2014 (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Net income |  | $ | 8,804 |  |  | $ | 3,806 |  |  | $ | 49,974 |  |  | $ | (52,763 | ) |  | $ | 9,821 |
Other comprehensive loss: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  |  | 0 |  |  |  | (200 | ) |  |  | 0 |  |  |  | 0 |  |  |  | (200 | )
Unrealized loss on securities |  |  | (10 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (10 | )
Total comprehensive income |  |  | 8,794 |  |  |  | 3,606 |  |  |  | 49,974 |  |  |  | (52,763 | ) |  |  | 9,611 |
Comprehensive income attributable to noncontrolling interests |  |  | 0 |  |  |  | 1,017 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,017 |
Comprehensive income attributable to Central Garden & Pet Company |  | $ | 8,794 |  |  | $ | 2,589 |  |  | $ | 49,974 |  |  | $ | (52,763 | ) |  | $ | 8,594 |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME Fiscal Year Ended September 28, 2013 (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Net income (loss) |  | $ | (1,929 | ) |  | $ | (882 | ) |  | $ | 32,430 |  |  | $ | (30,519 | ) |  | $ | (900 | )
Other comprehensive loss: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  |  | 0 |  |  |  | (97 | ) |  |  | 0 |  |  |  | 0 |  |  |  | (97 | )
Total comprehensive income (loss) |  |  | (1,929 | ) |  |  | (979 | ) |  |  | 32,430 |  |  |  | (30,519 | ) |  |  | (997 | )
Comprehensive income attributable to noncontrolling interests |  |  | 0 |  |  |  | 1,029 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,029 |
Comprehensive loss attributable to Central Garden & Pet Company |  | $ | (1,929 | ) |  | $ | (2,008 | ) |  | $ | 32,430 |  |  | $ | (30,519 | ) |  | $ | (2,026 | )
Consolidating Condensed Balance Sheet |
|  | CONSOLIDATING CONDENSED BALANCE SHEET September 26, 2015 (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 37,131 |  |  | $ | 10,022 |  |  | $ | 431 |  |  | $ | 0 |  |  | $ | 47,584 |
Restricted cash |  |  | 13,157 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 13,157 |
Accounts receivable, net |  |  | 51,376 |  |  |  | 6,775 |  |  |  | 149,251 |  |  |  | 0 |  |  |  | 207,402 |
Inventories |  |  | 101,952 |  |  |  | 11,690 |  |  |  | 222,304 |  |  |  | 0 |  |  |  | 335,946 |
Prepaid expenses and other assets |  |  | 23,807 |  |  |  | 848 |  |  |  | 25,076 |  |  |  | 0 |  |  |  | 49,731 |
Total current assets |  |  | 227,423 |  |  |  | 29,335 |  |  |  | 397,062 |  |  |  | 0 |  |  |  | 653,820 |
Land, buildings, improvements and equipment, net |  |  | 53,044 |  |  |  | 3,663 |  |  |  | 106,102 |  |  |  | 0 |  |  |  | 162,809 |
Goodwill |  |  | 0 |  |  |  | 0 |  |  |  | 209,089 |  |  |  | 0 |  |  |  | 209,089 |
Other long term assets |  |  | 33,988 |  |  |  | 3,662 |  |  |  | 77,519 |  |  |  | (6,133 | ) |  |  | 109,036 |
Intercompany receivable |  |  | 10,311 |  |  |  | 0 |  |  |  | 440,327 |  |  |  | (450,638 | ) |  |  | 0 |
Investment in subsidiaries |  |  | 1,052,755 |  |  |  | 0 |  |  |  | 0 |  |  |  | (1,052,755 | ) |  |  | 0 |
Total |  | $ | 1,377,521 |  |  | $ | 36,660 |  |  | $ | 1,230,099 |  |  | $ | (1,509,526 | ) |  | $ | 1,134,754 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 23,544 |  |  | $ | 2,543 |  |  | $ | 62,802 |  |  | $ | 0 |  |  | $ | 88,889 |
Accrued expenses and other liabilities |  |  | 39,680 |  |  |  | 1,789 |  |  |  | 46,255 |  |  |  | 0 |  |  |  | 87,724 |
Current portion of long term debt |  |  | 261 |  |  |  | 0 |  |  |  | 30 |  |  |  | 0 |  |  |  | 291 |
Total current liabilities |  |  | 63,485 |  |  |  | 4,332 |  |  |  | 109,087 |  |  |  | 0 |  |  |  | 176,904 |
Long-term debt |  |  | 399,783 |  |  |  | 0 |  |  |  | 65 |  |  |  | 0 |  |  |  | 399,848 |
Intercompany payable |  |  | 407,197 |  |  |  | 43,441 |  |  |  | 0 |  |  |  | (450,638 | ) |  |  | 0 |
Losses in excess of investment in subsidiaries |  |  | 0 |  |  |  | 0 |  |  |  | 11,867 |  |  |  | (11,867 | ) |  |  | 0 |
Other long-term obligations |  |  | 1,770 |  |  |  | 0 |  |  |  | 55,985 |  |  |  | (6,133 | ) |  |  | 51,622 |
Shareholders’ equity attributable to Central Garden & Pet |  |  | 505,286 |  |  |  | (12,207 | ) |  |  | 1,053,095 |  |  |  | (1,040,888 | ) |  |  | 505,286 |
Noncontrolling interest |  |  | 0 |  |  |  | 1,094 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,094 |
Total equity |  |  | 505,286 |  |  |  | (11,113 | ) |  |  | 1,053,095 |  |  |  | (1,040,888 | ) |  |  | 506,380 |
Total |  | $ | 1,377,521 |  |  | $ | 36,660 |  |  | $ | 1,230,099 |  |  | $ | (1,509,526 | ) |  | $ | 1,134,754 |
|  | CONSOLIDATING CONDENSED BALANCE SHEET September 27, 2014 (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 63,471 |  |  | $ | 12,806 |  |  | $ | 2,399 |  |  | $ | 0 |  |  | $ | 78,676 |
Restricted cash |  |  | 14,283 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 14,283 |
Short term investments |  |  | 9,990 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 9,990 |
Accounts receivable, net |  |  | 41,235 |  |  |  | 8,268 |  |  |  | 144,226 |  |  |  | 0 |  |  |  | 193,729 |
Inventories |  |  | 79,199 |  |  |  | 15,210 |  |  |  | 231,977 |  |  |  | 0 |  |  |  | 326,386 |
Prepaid expenses and other assets |  |  | 26,092 |  |  |  | 816 |  |  |  | 21,580 |  |  |  | 0 |  |  |  | 48,488 |
Total current assets |  |  | 234,270 |  |  |  | 37,100 |  |  |  | 400,182 |  |  |  | 0 |  |  |  | 671,552 |
Land, buildings, improvements and equipment, net |  |  | 63,059 |  |  |  | 3,649 |  |  |  | 100,141 |  |  |  | 0 |  |  |  | 166,849 |
Goodwill |  |  | 0 |  |  |  | 0 |  |  |  | 208,233 |  |  |  | 0 |  |  |  | 208,233 |
Other long term assets |  |  | 25,230 |  |  |  | 4,244 |  |  |  | 83,713 |  |  |  | (11,094 | ) |  |  | 102,093 |
Intercompany receivable |  |  | 16,906 |  |  |  | 0 |  |  |  | 351,423 |  |  |  | (368,329 | ) |  |  | 0 |
Investment in subsidiaries |  |  | 983,413 |  |  |  | 0 |  |  |  | 0 |  |  |  | (983,413 | ) |  |  | 0 |
Total |  | $ | 1,322,878 |  |  | $ | 44,993 |  |  | $ | 1,143,692 |  |  | $ | (1,362,836 | ) |  | $ | 1,148,727 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 28,937 |  |  | $ | 3,542 |  |  | $ | 55,949 |  |  | $ | 0 |  |  | $ | 88,428 |
Accrued expenses and other liabilities |  |  | 34,412 |  |  |  | 1,868 |  |  |  | 48,390 |  |  |  | 0 |  |  |  | 84,670 |
Total current liabilities |  |  | 63,349 |  |  |  | 5,410 |  |  |  | 104,339 |  |  |  | 0 |  |  |  | 173,098 |
Long-term debt |  |  | 449,855 |  |  |  | 0 |  |  |  | 93 |  |  |  | 0 |  |  |  | 449,948 |
Intercompany payable |  |  | 323,315 |  |  |  | 45,014 |  |  |  | 0 |  |  |  | (368,329 | ) |  |  | 0 |
Losses in excess of investment in subsidiaries |  |  | 0 |  |  |  | 0 |  |  |  | 7,594 |  |  |  | (7,594 | ) |  |  | 0 |
Other long-term obligations |  |  | 1,636 |  |  |  | 0 |  |  |  | 48,686 |  |  |  | (11,094 | ) |  |  | 39,228 |
Shareholders’ equity attributable to Central Garden & Pet |  |  | 484,723 |  |  |  | (7,161 | ) |  |  | 982,980 |  |  |  | (975,819 | ) |  |  | 484,723 |
Noncontrolling interest |  |  | 0 |  |  |  | 1,730 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,730 |
Total equity |  |  | 484,723 |  |  |  | (5,431 | ) |  |  | 982,980 |  |  |  | (975,819 | ) |  |  | 486,453 |
Total |  | $ | 1,322,878 |  |  | $ | 44,993 |  |  | $ | 1,143,692 |  |  | $ | (1,362,836 | ) |  | $ | 1,148,727 |
Consolidating Condensed Statement of Cash Flows |
|  | CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS Fiscal Year Ended September 26, 2015 (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Net cash (used) provided by operating activities |  | $ | (18,948 | ) |  | $ | 7,372 |  |  | $ | 105,744 |  |  | $ | (6,719 | ) |  | $ | 87,449 |
Additions to property, plant and equipment |  |  | (2,687 | ) |  |  | (405 | ) |  |  | (18,938 | ) |  |  | 0 |  |  |  | (22,030 | )
Payments to acquire companies, net of expenses |  |  | (38,384 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (38,384 | )
Change in restricted cash and cash equivalents |  |  | 1,126 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,126 |
Maturities of short term investments |  |  | 9,997 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 9,997 |
Investment in short term investments |  |  | (17 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (17 | )
Other investing activities |  |  | (546 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (546 | )
Intercompany investing activities |  |  | 6,595 |  |  |  | 0 |  |  |  | (88,905 | ) |  |  | 82,310 |  |  |  | 0 |
Net cash (used) provided by investing activities |  |  | (23,916 | ) |  |  | (405 | ) |  |  | (107,843 | ) |  |  | 82,310 |  |  |  | (49,854 | )
Repayments on revolving line of credit |  |  | (312,000 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (312,000 | )
Borrowings on revolving line of credit |  |  | 312,000 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 312,000 |
Repayments of long-term debt |  |  | (50,262 | ) |  |  | 0 |  |  |  | (27 | ) |  |  | 0 |  |  |  | (50,289 | )
Proceeds from issuance of common stock |  |  | 200 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 200 |
Excess tax benefits from stock-based awards |  |  | 2,154 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 2,154 |
Repurchase of common stock |  |  | (18,497 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (18,497 | )
Payment of deferred financing costs |  |  | (258 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (258 | )
Distribution to parent |  |  | 0 |  |  |  | (6,719 | ) |  |  | 0 |  |  |  | 6,719 |  |  |  | 0 |
Distribution to noncontrolling interest |  |  | 0 |  |  |  | (1,680 | ) |  |  | 0 |  |  |  | 0 |  |  |  | (1,680 | )
Intercompany financing activities |  |  | 83,884 |  |  |  | (1,574 | ) |  |  | 0 |  |  |  | (82,310 | ) |  |  | 0 |
Net cash provided (used) by financing activities |  |  | 17,221 |  |  |  | (9,973 | ) |  |  | (27 | ) |  |  | (75,591 | ) |  |  | (68,370 | )
Effect of exchange rates on cash |  |  | (697 | ) |  |  | 222 |  |  |  | 158 |  |  |  | 0 |  |  |  | (317 | )
Net increase (decrease) in cash and cash equivalents |  |  | (26,340 | ) |  |  | (2,784 | ) |  |  | (1,968 | ) |  |  | 0 |  |  |  | (31,092 | )
Cash and cash equivalents at beginning of year |  |  | 63,471 |  |  |  | 12,806 |  |  |  | 2,399 |  |  |  | 0 |  |  |  | 78,676 |
Cash and cash equivalents at end of year |  | $ | 37,131 |  |  | $ | 10,022 |  |  | $ | 431 |  |  | $ | 0 |  |  | $ | 47,584 |
|  | CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS Fiscal Year Ended September 27, 2014 (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Net cash (used) provided by operating activities |  | $ | (4,139 | ) |  | $ | 7,420 |  |  | $ | 125,720 |  |  | $ | (2,534 | ) |  | $ | 126,467 |
Additions to property, plant and equipment |  |  | (6,721 | ) |  |  | (1,027 | ) |  |  | (9,425 | ) |  |  | 0 |  |  |  | (17,173 | )
Businesses acquired, net of cash acquired |  |  | 0 |  |  |  | 0 |  |  |  | (20,282 | ) |  |  | 0 |  |  |  | (20,282 | )
Proceeds from disposal of plant and equipment |  |  | 0 |  |  |  | 0 |  |  |  | 8,737 |  |  |  | 0 |  |  |  | 8,737 |
Change in restricted cash and cash equivalents |  |  | (14,283 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (14,283 | )
Maturities of short term investments |  |  | 17,820 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 17,820 |
Investment in short term investments |  |  | (10,000 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (10,000 | )
Intercompany investing activities |  |  | (6,726 | ) |  |  | 0 |  |  |  | (104,926 | ) |  |  | 111,652 |  |  |  | 0 |
Net cash (used) provided by investing activities |  |  | (19,910 | ) |  |  | (1,027 | ) |  |  | (125,896 | ) |  |  | 111,652 |  |  |  | (35,181 | )
Repayments on revolving line of credit |  |  | (301,000 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (301,000 | )
Borrowings on revolving line of credit |  |  | 278,000 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 278,000 |
Repayments of long-term debt |  |  | (243 | ) |  |  | 0 |  |  |  | (124 | ) |  |  | 0 |  |  |  | (367 | )
Proceeds from issuance of common stock |  |  | 1,165 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,165 |
Excess tax benefits from stock-based awards |  |  | 498 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 498 |
Repurchase of common stock |  |  | (2,332 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (2,332 | )
Payment of deferred financing costs |  |  | (3,090 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (3,090 | )
Distribution to parent |  |  | 0 |  |  |  | (2,534 | ) |  |  | 0 |  |  |  | 2,534 |  |  |  | 0 |
Distribution to noncontrolling interest |  |  | 0 |  |  |  | (633 | ) |  |  | 0 |  |  |  | 0 |  |  |  | (633 | )
Intercompany financing activities |  |  | 109,057 |  |  |  | 2,595 |  |  |  | 0 |  |  |  | (111,652 | ) |  |  | 0 |
Net cash provided (used) by financing activities |  |  | 82,055 |  |  |  | (572 | ) |  |  | (124 | ) |  |  | (109,118 | ) |  |  | (27,759 | )
Effect of exchange rates on cash |  |  | 27 |  |  |  | (18 | ) |  |  | (16 | ) |  |  | 0 |  |  |  | (7 | )
Net increase (decrease) in cash and cash equivalents |  |  | 58,033 |  |  |  | 5,803 |  |  |  | (316 | ) |  |  | 0 |  |  |  | 63,520 |
Cash and cash equivalents at beginning of year |  |  | 5,438 |  |  |  | 7,003 |  |  |  | 2,715 |  |  |  | 0 |  |  |  | 15,156 |
Cash and cash equivalents at end of year |  | $ | 63,471 |  |  | $ | 12,806 |  |  | $ | 2,399 |  |  | $ | 0 |  |  | $ | 78,676 |
|  | CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS Fiscal Year Ended September 28, 2013 (in thousands) |
|  | Parent |  |  | Non-Guarantor Subsidiaries |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Net cash (used) provided by operating activities |  | $ | (31,250 | ) |  | $ | (11,632 | ) |  | $ | 17,116 |  |  | $ | (2,516 | ) |  | $ | (28,282 | )
Additions to property, plant and equipment |  |  | (8,656 | ) |  |  | (337 | ) |  |  | (16,179 | ) |  |  | 0 |  |  |  | (25,172 | )
Businesses acquired, net of cash acquired |  |  | 0 |  |  |  | 0 |  |  |  | (4,835 | ) |  |  | 0 |  |  |  | (4,835 | )
Sale of short term investments |  |  | 4,885 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 4,885 |
Intercompany investing activities |  |  | 8,986 |  |  |  | 0 |  |  |  | 2,923 |  |  |  | (11,909 | ) |  |  | 0 |
Net cash (used) provided by investing activities |  |  | 5,215 |  |  |  | (337 | ) |  |  | (18,091 | ) |  |  | (11,909 | ) |  |  | (25,122 | )
Repayments on revolving line of credit |  |  | (368,000 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (368,000 | )
Borrowings on revolving line of credit |  |  | 391,000 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 391,000 |
Repayments of long-term debt |  |  | (206 | ) |  |  | 0 |  |  |  | (126 | ) |  |  | 0 |  |  |  | (332 | )
Proceeds from issuance of common stock |  |  | 613 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 613 |
Excess tax benefits from stock-based awards |  |  | 388 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 388 |
Repurchase of common stock |  |  | (2,731 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (2,731 | )
Distribution to parent |  |  | 0 |  |  |  | (2,516 | ) |  |  | 0 |  |  |  | 2,516 |  |  |  | 0 |
Distribution to noncontrolling interest |  |  | 0 |  |  |  | (629 | ) |  |  | 0 |  |  |  | 0 |  |  |  | (629 | )
Intercompany financing activities |  |  | (28,896 | ) |  |  | 16,987 |  |  |  | 0 |  |  |  | 11,909 |  |  |  | 0 |
Net cash provided (used) by financing activities |  |  | (7,832 | ) |  |  | 13,842 |  |  |  | (126 | ) |  |  | 14,425 |  |  |  | 20,309 |
Effect of exchange rates on cash |  |  | 36 |  |  |  | (263 | ) |  |  | 3 |  |  |  | 0 |  |  |  | (224 | )
Net increase (decrease) in cash and cash equivalents |  |  | (33,831 | ) |  |  | 1,610 |  |  |  | (1,098 | ) |  |  | 0 |  |  |  | (33,319 | )
Cash and cash equivalents at beginning of year |  |  | 39,269 |  |  |  | 5,393 |  |  |  | 3,813 |  |  |  | 0 |  |  |  | 48,475 |
Cash and cash equivalents at end of year |  | $ | 5,438 |  |  | $ | 7,003 |  |  | $ | 2,715 |  |  | $ | 0 |  |  | $ | 15,156 |

X
- References No definition available. + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed statement of comprehensive income (loss) including, but not limited to, statements of comprehensive income (loss) of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_CondensedStatementOfComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration