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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 04, 2020
Jun. 29, 2019
Cash flows from operating activities:    
Net income $ 17,799 $ 25,302
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 11,451 9,143
Amortization 9,424 8,030
Impairment of trade name 8,000  
Non-cash portion of restructuring costs and charges 2,442  
Provision for allowance for doubtful accounts 826 967
Stock-based compensation 2,918 2,276
Amortization of deferred financing costs, debt discount and premium 589 861
Gains on sales of assets (155) (19)
Change in operating assets and liabilities (net of effects of acquisition):    
Accounts receivable (15,050) (2,079)
Inventories (5,914) (1,060)
Contract assets, net, prepaid expenses, other current and other assets (1,080) (2,758)
Accounts payable, accrued and other liabilities 15,261 3,920
Net cash provided by operating activities 46,511 44,583
Cash flows from investing activities:    
Purchases of property, plant and equipment 7,315 12,963
Business acquisition 90,145  
Proceeds from sales of assets 284 19
Net cash used in investing activities (97,176) (12,944)
Cash flows from financing activities:    
Proceeds from issuance of senior notes 53,188  
Payments of long-term debt   (154)
Payments of financing costs (1,266)  
Purchases of treasury stock relating to tax withholdings on employee equity awards (815) (505)
Proceeds from exercise of stock options 549 840
Proceeds from issuance of common stock under employee stock purchase plan 119 31
Net cash provided by financing activities 51,775 212
Net increase in cash and cash equivalents 1,110 31,851
Cash and cash equivalents at beginning of period 97,243 52,650
Cash and cash equivalents at end of period 98,353 84,501
Non-cash activity:    
Establish right-of-use asset 14,838 31,257
Establish operating lease liability (14,838) (33,686)
Property, plant and equipment additions in accounts payable $ 1,690 $ 230