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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2019
Jun. 29, 2018
Cash flows from operating activities:    
Net income $ 1,100 $ 43,701
Adjustments to reconcile net income to net cash provided by (used in) operating activities (excluding assets acquired and liabilities assumed):    
Depreciation and amortization 10,417 2,917
Amortization of finite-lived intangibles 9,907 2,195
Amortization of debt issuance costs 901 76
Stock-based compensation 5,777 4,920
Change in the fair value of financial instruments 52 (228)
Loss (gain) on the disposal of assets and business (274) 201
Changes in assets and liabilities:    
Accounts receivable 10,001 (8,758)
Inventories 32,362 7,766
Prepaid expenses and other current assets 3,705 (3,558)
Deferred income taxes (2,077) (113)
Other non-current assets (566) (313)
Accounts payable (4,704) (59,490)
Accrued compensation and related benefits 3,358 (1,332)
Income taxes payable (2,206) (3,933)
Other liabilities 264 3,903
Net cash provided by (used in) operating activities 68,017 (12,046)
Cash flows from investing activities:    
Purchases of property and equipment (6,750) (9,666)
Acquisition of Dynamic Manufacturing Solutions, LLC (29,873)  
Proceeds from sale of equipment 458  
Net cash used in investing activities (36,165) (9,666)
Cash flows from financing activities:    
Proceeds from bank borrowings 28,112 21,886
Proceeds from issuance of common stock 125 94,454
Payments on bank borrowings and finance leases (32,389) (19,148)
Employees’ taxes paid upon vesting of restricted stock units (1,394) (2,618)
Net cash provided by (used in) financing activities (5,546) 94,574
Effect of exchange rate changes on cash and cash equivalents (2,323) (22)
Net increase in cash and cash equivalents 23,983 72,840
Cash and cash equivalents at beginning of period 144,145 68,306
Cash and cash equivalents at end of period 168,128 141,146
Supplemental cash flow information:    
Income taxes paid 8,661 9,200
Income tax refunds 37 43
Interest paid 12,324 942
Non-cash activities:    
Operating lease right-of-use assets 35,633  
Operating lease liabilities 38,493  
Fair value of earn-out payment related to DMS acquisition 1,428  
Property and equipment purchased included in accounts payable and other liabilities $ 5,136 $ 2,575