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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Operating activities    
Net income (loss) $ 9,651 $ (22,081)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation expense 16,442 16,532
Amortization of intangible assets 68,252 67,818
Amortization of cloud computing arrangements 2,073 213
Impairment of non-operating long-lived asset 2,192 0
Loss on disposal of property, plant, and equipment 1,170 625
Stock-based compensation 12,874 26,809
Deferred taxes 72 (9,887)
Amortization of debt issuance costs 5,717 6,875
Loss on extinguishment of debt 1,998 22,052
Changes in assets and liabilities:    
Receivables (25,614) 9,647
Other assets (70,827) 7,916
Accounts payable 66,101 28,094
Compensation and other employee benefits (42,417) (28,620)
Other liabilities (16,581) 9,182
Net cash provided by operating activities 31,103 135,175
Investing activities    
Purchases of capital assets (10,700) (16,559)
Proceeds from the disposition of assets 14 16
Acquisitions of businesses (16,939) 0
Distribution from joint venture 0 834
Net cash used in investing activities (27,625) (15,709)
Financing activities    
Proceeds from issuance of long-term debt 0 250,000
Repayments of long-term debt (7,669) (428,763)
Proceeds from revolver 1,009,250 719,750
Repayments of revolver (1,009,250) (669,750)
Proceeds from stock awards and stock options 154 7
Payment of debt issuance costs (1,188) (7,507)
Prepayment premium on early redemption of debt 0 (1,600)
Payments of employee withholding taxes on stock-based compensation (8,036) (17,871)
Net cash used in financing activities (16,739) (155,734)
Exchange rate effect on cash 467 (1,540)
Net change in cash, cash equivalents and restricted cash (12,794) (37,808)
Cash, cash equivalents and restricted cash - beginning of period 72,651 116,067
Cash, cash equivalents and restricted cash - end of period 59,857 78,259
Supplemental disclosure of cash flow information:    
Interest paid 74,774 89,635
Income taxes paid 9,167 5,242
Purchase of capital assets on account $ 90 $ 2,882