XML 20 R6.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 26, 2025
Sep. 27, 2024
Cash flows from operating activities:    
Net income (loss) $ (171,000,000.0) $ 14,500,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 35,500,000 34,100,000
Amortization of intangible assets 21,200,000 22,900,000
Stock-based compensation 14,400,000 12,700,000
Amortization of debt issuance costs 2,100,000 2,400,000
Impairment of goodwill 151,100,000 0
Change in the fair value of financial instruments (100,000) (21,700,000)
Deferred income taxes 400,000 (1,200,000)
Loss on sale of property, plant and equipment 700,000 1,200,000
Changes in assets and liabilities:    
Accounts receivable 41,600,000 (47,300,000)
Inventories (1,200,000) (28,100,000)
Prepaid expenses and other current assets (6,300,000) (2,900,000)
Other non-current assets (1,000,000.0) 600,000
Accounts payable (22,800,000) 46,100,000
Accrued compensation and related benefits (600,000) 200,000
Income taxes payable (12,100,000) 1,400,000
Operating lease assets and liabilities 10,200,000 8,100,000
Other liabilities (4,600,000) 4,900,000
Net cash provided by operating activities 57,500,000 47,900,000
Cash flows from investing activities:    
Purchases of property, plant and equipment (40,200,000) (46,200,000)
Other investing activities 3,200,000 0
Net cash used in investing activities (37,000,000.0) (46,200,000)
Cash flows from financing activities:    
Proceeds from bank borrowings 59,300,000 67,700,000
Extinguishment of bank borrowings (59,300,000) (44,200,000)
Proceeds from issuance of common stock 1,100,000 900,000
Principal payments on bank borrowings (18,200,000) (10,100,000)
Repurchase of shares (3,400,000) 0
Employees’ taxes paid upon vesting of restricted stock units (1,100,000) (2,500,000)
Payments of dividends to a joint venture shareholder (100,000) (500,000)
Payment of debt issuance costs 0 (2,500,000)
Other financing activities (600,000) 0
Net cash provided by (used in) financing activities (22,300,000) 8,800,000
Effect of exchange rate changes on cash and cash equivalents 2,000,000.0 700,000
Net increase in cash and cash equivalents 200,000 11,200,000
Cash and cash equivalents at beginning of period 313,900,000 307,000,000.0
Cash and cash equivalents at end of period 314,100,000 318,200,000
Supplemental cash flow information:    
Income taxes paid, net of income tax refunds 35,200,000 28,100,000
Interest paid 31,400,000 33,700,000
Non-cash investing and financing activities:    
Property, plant and equipment purchased included in accounts payable and other liabilities $ 4,400,000 $ 3,900,000