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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 26, 2021
Sep. 27, 2020
Operating activities    
Net income $ 55,013 $ 39,199
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property and equipment 7,768 7,263
Amortization of intangible assets 37,476 24,141
Amortization of debt issuance cost 2,387 9,560
Stock-based compensation 6,347 8,018
Net undistributed income from unconsolidated ventures (8,625) (3,533)
Deferred income taxes, net 7,249 (12,044)
Change in fair value of warrant liability (17,533) (19,132)
Other non-cash activities, net (2,714) 382
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 61,375 (3,477)
Accounts payable (28,195) 15,852
Accrued expenses (7,105) 4,252
Customer advances and billings in excess of costs (256) 8,923
Salaries, benefits and payroll taxes 7,488 10,975
Prepaid expenses and other current assets (2,124) (2,118)
Other current and noncurrent liabilities (19,620) 71
Investments 9,907 2,793
Other noncurrent assets (5,576) 5,903
Accrued taxes (3,458) (4,904)
Net cash provided by operating activities 99,804 92,124
Investing activities    
Expenditures for property and equipment (19,577) (2,628)
Proceeds from sales of property 5,195 0
Acquisition of CENTRA Technology, Inc., net of acquired cash (1,441) 0
Acquisition of Metis Solutions Corporation, net of acquired cash (521) 0
Acquisition of noncontrolling interest (14,308) 0
Other investing activities, net 2,030 (72)
Net cash used in investing activities (28,622) (2,700)
Financing activities    
Net contributions from noncontrolling interests 2,927 2,095
Borrowings on long-term debt 237,010 60,734
Repayments on long-term debt (233,409) (212,184)
Payment of debt issuance costs 0 (964)
Recapitalization from merger with Gores Holdings III, Inc. 0 605,713
Payment of underwriting and transaction costs 0 (27,267)
Distribution to selling stockholders 0 (439,719)
Stock-based compensation tax withholding obligation (5,818) 0
Other financing activities, net 0 (292)
Net cash provided by (used in) financing activities 710 (11,884)
Effect of exchange rate changes on cash and cash equivalents (532) (129)
Net increase in cash and cash equivalents 71,360 77,411
Cash and cash equivalents at beginning of period 85,908 68,035
Cash and cash equivalents at end of period 157,268 145,446
Supplemental cash flow information    
Cash paid for interest 40,048 35,085
Cash paid for taxes $ 9,343 $ 5,304