XML 39 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Cash flows from operating activities:    
Net income $ 9,742 $ 17,429
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,810 20,415
Amortization of loan costs 217 406
Asset impairment 11,355 2,082
Deferred income tax expense (benefit) (282) 5,910
Stock based compensation expense 2,093 2,976
Inventory adjustments 1,695 1,319
Credit loss expense 448 2,021
Other 1,014 1,041
Changes in operating assets and liabilities:    
Accounts receivable 16,431 (9,307)
Inventories (4,511) 2,767
Other assets 4,372 5,791
Accounts payable 19,171 1,445
Deferred revenue 509 4,684
Other liabilities (1,004) 24,035
Net cash provided by operating activities 86,060 83,014
Cash flows from investing activities:    
Purchase of property and equipment (13,053) (25,992)
Other 199 186
Net cash used for investing activities (12,854) (25,806)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt, net of discounts 146,269 0
Proceeds from exercise of stock options 5,120 513
Principal payments on long-term debt 0 (1,250)
Purchase of treasury stock (74) 0
Payments on finance lease obligations (714) (617)
Net cash provided by (used for) financing activities 150,601 (1,354)
Net change in cash, cash equivalents and restricted cash 223,807 55,854
Cash, cash equivalents and restricted cash, beginning of year 40,307 17,998
Cash, cash equivalents and restricted cash, end of period 264,114 73,852
Supplemental cash flow disclosure information:    
Cash paid for interest 7,065 9,857
Capital expenditures accrued at the end of the period 12,176 13,980
Right of use assets acquired under finance leases 1,244 7,270
Right of use assets acquired under operating leases $ 17,658 $ 32,981