XML 56 R43.htm IDEA: XBRL DOCUMENT v3.21.1
Significant Accounting Principles and Policies - Impact of Restatement on Statements of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Operating activities    
Net income $ 12,273 $ 26,150
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation of property and equipment 2,268 2,583
Amortization of intangible assets 12,215 8,047
Amortization of debt issuance cost 777 6,063
Stock-based compensation 2,270 0
Net undistributed (loss) income from unconsolidated ventures (2,411) (663)
Deferred income taxes, net 2,818 (9,896)
Change in fair value of warrant liability (1,200) (33,599)
Other non-cash activities, net (140) 270
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 22,685 20,869
Accounts payable 25,037 (2,417)
Accrued expenses 7,335 (292)
Customer advances and billings in excess of costs (32,276) 18,223
Salaries, benefits and payroll taxes 13,951 (21,307)
Inventories, net   1,342
Prepaid expenses and other current assets   (2,921)
Other current and noncurrent liabilities (10,632) (4,545)
Investments 1,374 750
Other noncurrent assets 7,999 4,729
Accrued taxes (392) (2,473)
Net cash provided by operating activities 55,396 10,913
Investing activities    
Expenditures for property and equipment (2,434) (404)
Proceeds from sales of property 222 0
Acquisition of noncontrolling interest (14,300) 0
Other investing activities, net (372) 0
Net cash used in investing activities (16,884) (404)
Financing activities    
Net contributions from noncontrolling interests 490 150
Borrowings on long-term debt 20,000 60,000
Repayments on long-term debt (20,000) (196,544)
Payment of debt issuance costs 0 (964)
Recapitalization from merger with Gores III 0 605,708
Payment of underwriting and transaction costs 0 (27,268)
Distribution to selling stockholders 0 (419,548)
Stock-based compensation tax withholding obligation (5,659) 0
Net cash (used in) provided by financing activities (5,169) 21,534
Effect of exchange rate changes on cash and cash equivalents (1,101) (288)
Net increase in cash and cash equivalents 32,242 31,755
Cash and cash equivalents at beginning of period 85,908 68,035
Cash and cash equivalents at end of period 118,150 99,790
Supplemental cash flow information    
Cash paid for interest 11,977 10,900
Cash paid for taxes $ 471 1,523
As filed    
Operating activities    
Net income   (4,777)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation of property and equipment   2,583
Amortization of intangible assets   8,047
Amortization of debt issuance cost   6,063
Net undistributed (loss) income from unconsolidated ventures   (663)
Deferred income taxes, net   (9,081)
Change in fair value of warrant liability   0
Other non-cash activities, net   270
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net   20,869
Accounts payable   (2,417)
Accrued expenses   (3,779)
Customer advances and billings in excess of costs   18,223
Salaries, benefits and payroll taxes   (21,307)
Inventories, net   1,342
Prepaid expenses and other current assets   (2,921)
Other current and noncurrent liabilities   (4,545)
Investments   750
Other noncurrent assets   4,729
Accrued taxes   (2,473)
Net cash provided by operating activities   10,913
Investing activities    
Expenditures for property and equipment   (404)
Net cash used in investing activities   (404)
Financing activities    
Net contributions from noncontrolling interests   150
Borrowings on long-term debt   60,000
Repayments on long-term debt   (196,544)
Payment of debt issuance costs   (964)
Recapitalization from merger with Gores III   605,708
Payment of underwriting and transaction costs   (27,268)
Distribution to selling stockholders   (419,548)
Net cash (used in) provided by financing activities   21,534
Effect of exchange rate changes on cash and cash equivalents   (288)
Net increase in cash and cash equivalents   31,755
Cash and cash equivalents at beginning of period   68,035
Cash and cash equivalents at end of period   99,790
Supplemental cash flow information    
Cash paid for interest   10,900
Cash paid for taxes   1,523
Restatement adjustments    
Operating activities    
Net income   30,927
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation of property and equipment   0
Amortization of intangible assets   0
Amortization of debt issuance cost   0
Net undistributed (loss) income from unconsolidated ventures   0
Deferred income taxes, net   (815)
Change in fair value of warrant liability   (33,599)
Other non-cash activities, net   0
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net   0
Accounts payable   0
Accrued expenses   3,487
Customer advances and billings in excess of costs   0
Salaries, benefits and payroll taxes   0
Inventories, net   0
Prepaid expenses and other current assets   0
Other current and noncurrent liabilities   0
Investments   0
Other noncurrent assets   0
Accrued taxes   0
Net cash provided by operating activities   0
Investing activities    
Expenditures for property and equipment   0
Net cash used in investing activities   0
Financing activities    
Net contributions from noncontrolling interests   0
Borrowings on long-term debt   0
Repayments on long-term debt   0
Payment of debt issuance costs   0
Recapitalization from merger with Gores III   0
Payment of underwriting and transaction costs   0
Distribution to selling stockholders   0
Net cash (used in) provided by financing activities   0
Effect of exchange rate changes on cash and cash equivalents   0
Net increase in cash and cash equivalents   0
Cash and cash equivalents at beginning of period   0
Cash and cash equivalents at end of period   0
Supplemental cash flow information    
Cash paid for interest   0
Cash paid for taxes   $ 0