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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Mar. 28, 2020
OPERATING ACTIVITIES      
Net income (loss) $ (230) $ 15,777  
Adjustments to reconcile net income (loss) to cash used in operating activities:      
Depreciation and amortization 33,446 30,898  
Deferred income taxes 604 (2,377)  
(Gain) loss on sale of business units, property and equipment (2,073) 614  
Adjustment to carrying value of assets 4,254 1,634  
Amortization of deferred financing costs 492 490  
Stock-based compensation 3,733 2,596  
Contributions to U.S. pension plan (1,619) (1,375)  
Amortization of U.S. pension expense 2,225 2,225  
Other items, net 13,382 (8,212)  
Net change in operating assets and liabilities, net of effect of acquisitions:      
Accounts receivable (95,477) (89,359)  
Inventories (32,686) (33,745)  
Other assets (17,840) (7,502)  
Accounts payable and accrued expenses 20,389 53,537  
Change in short term and long-term tax liabilities (5,175) 6,841  
Net cash used in operating activities (76,575) (27,958)  
INVESTING ACTIVITIES      
Purchases of property and equipment (22,635) (19,836)  
Proceeds from sale of business units, property and equipment 7,775 382  
Purchase of intangible assets (7,521) (12,023)  
Purchases of businesses, net of cash acquired 0 (57,486)  
Cash received for notes receivable 15 27  
Net cash used in investing activities (22,366) (88,936)  
FINANCING ACTIVITIES      
Change in long-term debt 94,995 107,321  
Common stock issued for exercise of options 1 1,290  
Common stock repurchased (5,000) (14,999)  
Payments to tax authorities for employee share-based compensation (706) (141)  
Net cash provided by financing activities 89,290 93,471  
Effect of foreign currency exchange rates on cash (5,616) 63  
Net decrease in cash and cash equivalents (15,267) (23,360)  
Cash, cash equivalents and restricted cash, beginning 229,876 117,623 $ 94,263
Cash, cash equivalents and restricted cash, ending $ 214,609 $ 94,263 $ 214,609