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Consolidated condensed statements of cash flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Operating activities:    
Net (loss) income $ (14,806) $ 24,528
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 12,479 7,184
Provision for expected credit losses 1,152 191
Equity-based compensation from 2021 Stock Incentive Plan 4,889 1,944
Profits interest plan, liability-classified and other equity awards compensation 0 (24,356)
Change in fair value of contingent consideration 269 0
Change in fair value of interest rate swap (3,924) (1,565)
Deferred income taxes (17,018) 83
Change in fair value of Equity Participation Rights 0 (2,774)
Other, net 247 392
Changes in operating assets and liabilities:    
Accounts receivable 4,416 2,612
Inventories 326 (3,051)
Accounts payable and accrued expenses (7,915) (14,073)
Other current assets and liabilities (1,134) (9,157)
Net cash from operating activities (21,019) (18,042)
Investing activities:    
Acquisitions, net of cash acquired (236) (45,791)
Purchase of property and equipment (2,960) (1,370)
Investments and acquisition of distribution rights (1,478) 513
Net cash from investing activities (4,674) (46,648)
Financing activities:    
Proceeds from issuance of Class A common stock sold in initial public offering, net of underwriting discounts and offering costs 0 110,410
Proceeds from issuance of Class A and B common stock 2,080 16
Tax withholdings on equity-based compensation (3,352) 0
Borrowing on revolver 15,000 0
Payments on long-term debt (4,509) (3,750)
Refunds from members 0 854
Other, net (14) (4)
Net cash from financing activities 9,205 107,526
Effect of exchange rate changes on cash (71) (221)
Net change in cash, cash equivalents and restricted cash (16,559) 42,615
Cash, cash equivalents and restricted cash at the beginning of the period 99,213 86,839
Cash, cash equivalents and restricted cash at the end of the period 82,654 129,454
Supplemental disclosure of noncash investing and financing activities    
Accrued member distributions 0 572
Accounts payable for purchase of property, plant and equipment $ 76 $ 157