XML 169 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 27, 2024
Dec. 29, 2023
Dec. 30, 2022
Cash flows from operating activities:      
Net income (loss) $ 34.5 $ (22.2) $ 50.4
Adjustments to reconcile net income (loss) to net cash provided by operating activities (excluding assets acquired, liabilities assumed and noncontrolling interests at acquisition):      
Depreciation and amortization 45.7 37.6 38.4
Amortization of intangible assets 30.4 24.1 30.0
Stock-based compensation 17.4 12.1 19.1
Amortization of debt issuance costs 3.0 3.9 3.9
Loss (gain) on sale of property, plant and equipment 1.2 (0.9) (0.2)
Change in the fair value of financial instruments (29.2) 1.7 1.0
Deferred income taxes (3.0) (12.4) (0.2)
Net loss on divestiture 0.0 0.0 77.4
Changes in assets and liabilities, net of effects of acquisitions:      
Accounts receivable (60.3) 78.5 (15.7)
Inventories (6.5) 80.8 (84.4)
Prepaid expenses and other current assets (3.2) 12.5 (4.5)
Other non-current assets 1.3 0.0 (3.4)
Accounts payable 26.4 (61.5) (68.4)
Accrued compensation and related benefits 2.4 (5.6) 7.1
Income taxes payable 1.0 (5.2) (0.1)
Operating lease assets and liabilities 2.6 0.4 (2.2)
Other liabilities 1.3 (7.9) (1.0)
Net cash provided by operating activities 65.0 135.9 47.2
Cash flows from investing activities:      
Purchases of property, plant and equipment (63.5) (75.8) (100.1)
Acquisition of businesses, net of cash acquired 0.0 (46.1) 0.0
Proceeds from sale of equipment 0.0 2.2 0.5
Divestiture of subsidiaries 0.0 0.0 3.4
Net cash used in investing activities (63.5) (119.7) (96.2)
Cash flows from financing activities:      
Proceeds from bank borrowings 67.7 0.0 0.0
Proceeds from issuance of common stock 2.0 0.8 0.7
Extinguishment of bank borrowings (44.2) 0.0 0.0
Principal payments on bank borrowings (10.2) (38.6) (39.7)
Payment of debt issuance costs (2.5) (0.3) (0.7)
Employees’ taxes paid upon vesting of restricted stock units (2.5) (2.2) (3.9)
Payments of dividends to a joint venture shareholder (0.5) (0.2) (0.3)
Repurchase of shares 0.0 (29.4) (12.1)
Net cash provided by (used in) financing activities 9.8 (69.9) (56.0)
Effect of exchange rate changes on cash and cash equivalents (4.4) 1.9 (2.7)
Net increase (decrease) in cash and cash equivalents 6.9 (51.8) (107.7)
Cash and cash equivalents at beginning of period 307.0 358.8 466.5
Cash and cash equivalents at end of period 313.9 307.0 358.8
Supplemental cash flow information:      
Income taxes paid, net of income tax refunds 34.3 31.2 36.8
Interest paid 40.4 44.8 31.9
Non-cash investing and financing activities:      
Property, plant and equipment purchased included in accounts payable and other liabilities 2.9 9.7 16.8
Fair value of HIS earn-out at acquisition date $ 0.0 $ 27.1 $ 0.0