XML 24 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 01, 2022
Jan. 02, 2021
Dec. 28, 2019
Cash flows from operating activities:      
Net income $ 35,196 $ 45,108 $ 43,688
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 30,487 24,014 18,876
Amortization 21,082 18,825 15,856
Impairment of trade name   8,000  
Non-cash portion of restructuring costs and charges   2,442  
Provision for allowance for credit losses 3,834 996 1,553
Stock-based compensation 7,819 5,458 3,923
Amortization and write-offs of deferred financing costs 978 1,206 1,674
Debt extinguishment costs 25,472   1,512
Deferred income taxes 7,632 (593) 4,410
Loss (gain) on sales of assets 261 (291) 143
Change in operating assets and liabilities (net of acquisition effects):      
Accounts receivable (34,390) (13,775) 12,682
Inventories (15,984) (14,793) 815
Contract assets, net, prepaid expenses, other current and other assets (5,958) (11,342) (4,429)
Accounts payable and accrued liabilities (12,750) 10,240 (19,487)
Net cash provided by operating activities 63,679 75,495 81,216
Cash flows from investing activities:      
Purchases of property, plant and equipment (33,424) (24,800) (31,268)
Business acquisitions (220,676) (90,368)  
Proceeds from disposals of assets 187 766 71
Net cash used in investing activities (253,913) (114,402) (31,197)
Cash flows from financing activities:      
Proceeds from issuance of senior notes 638,300 53,188  
Payments of senior notes (425,000)    
Payment of call-premium on redemption of senior notes (21,518)    
Proceeds from issuance of term loan debt 60,000   64,000
Payments of term loan debt (54,000) (10,000) (64,138)
Payments of financing costs (10,675) (1,266) (854)
Purchases of treasury stock under repurchase program     (5,550)
Purchases of treasury stock relating to tax withholdings on employee equity awards (1,648) (815) (505)
Proceeds from exercise of stock options 138 572 1,562
Proceeds from issuance of common stock under ESPP 463 305 59
Net cash provided by (used in) financing activities 186,060 41,984 (5,426)
Net (decrease) increase in cash and cash equivalents (4,174) 3,077 44,593
Cash and cash equivalents at beginning of year 100,320 97,243 52,650
Cash and cash equivalents at end of year $ 96,146 $ 100,320 $ 97,243