XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Cash flows from operating activities    
Net income (loss) $ (4,164) $ (16,229)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 7,068 6,678
Non-cash interest expense 777 2,509
Share-based compensation expense 1,288 2,486
Equity in net (income) loss of non-consolidated affiliate (1,666) 2,015
Loss on disposal of fixed assets 11 12
Impairment of fixed assets 0 1,354
Deferred income tax benefit (1,600) (9,127)
Amortization of deferred actuarial pension losses 598 581
Loss on debt modification 537 561
Changes in assets and liabilities:    
Accounts receivable (1,101) (1,236)
Inventories 13,816 (30,469)
Other assets (2,380) (3,072)
Accounts payable 28,116 38,883
Accrued expenses, pension and other liabilities 3,416 (6,356)
Total adjustments 48,880 4,819
Total cash provided by (used in) operating activities 44,716 (11,410)
Cash flows from investing activities    
Cash paid for fixed assets (3,740) (3,478)
Total cash used in investing activities (3,740) (3,478)
Cash flows from financing activities    
Revolving credit facility borrowings 35,000 55,000
Revolving credit facility repayments (55,000) (100,000)
Term loan repayments (9,900) (7,425)
Principal payments on finance leases (281) (659)
Cash paid for debt costs (3,272) (2,468)
Sale of common stock 0 75,000
Accrue common stock issuance costs 0 (202)
Repurchase of common stock in connection with stock award exercises (57) (1,503)
Cash received from stock option exercises 66 303
Total cash (used in) provided by financing activities (33,444) 18,046
Change in cash, cash equivalents, and restricted cash 7,532 3,158
Cash, cash equivalents, and restricted cash at beginning of period 10,479 11,709
Cash, cash equivalents, and restricted cash at end of period 18,011 14,867
Supplemental disclosures of cash flow information    
Interest paid, net of interest received 8,125 6,940
Income tax (received) paid, net of tax refunds (52) 18
Non-cash investing and financing activities:    
Changes in accounts payable for capital additions to property, plant and equipment 1,019 1,119
Accrue common stock issuance costs 0 178
Right-of-use assets obtained in exchange for operating lease obligations $ 199 $ 0