XML 24 R8.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net loss $ (8,070) $ (29,705)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 32,177 23,679
Equity based compensation expense 7,404 3,627
Interest expense, paid in kind 2,460 6,392
Gain on sale of property and equipment (365) (21)
Write-off of deferred financing costs related to debt extinguishment 15,197
Amortization of deferred financing costs 1,292 1,248
Provision for bad debts 1,014 36
Changes in assets & liabilities:    
Decrease (increase) in accounts receivable and unbilled receivable 2,539 (2,629)
(Increase) in prepaid expenses (7,057) (1,523)
(Increase) in other current assets (1,480) (187)
(Decrease) increase in trade accounts payable (13,330) 13,261
(Decrease) in accrued liabilities (12,741) (3,320)
(Decrease) increase in other current and long-term liabilities (1,468) 2,806
(Increase) decrease in other long-term assets (177) 243
Net cash provided by operating activities 2,198 29,104
Cash flows from investing activities:    
Purchases of property and equipment (8,410) (3,956)
Proceeds from disposal of property and equipment 440 78
Purchases of business, net of cash acquired (30,150) (32,669)
Net cash used in investing activities (38,120) (36,547)
Cash flows from financing activities:    
Proceeds from issuance of debt 26,000 496,754
Payment of loan acquisition costs (650) (8,589)
Repayments of debt (3,632) (294,463)
Net payments (proceeds) on revolving line of credit 12,998 (29,760)
Payment of contingent earn-out (2,870) (1,706)
Distributions to non-controlling interests (822) (787)
Payments of redeemable preferred stock dividends (1,185)
Repayment of redeemable preferred stock (156,186)
Net cash provided by financing activities 31,024 4,078
Net change in cash and equivalents (4,898) (3,365)
Cash and equivalents - beginning of period 10,697 14,062
Cash and equivalents - end of period 5,799 10,697
Cash paid during the period for:    
Interest 48,653 24,927
Taxes 2,034 906
Capital assets financed 339 6
Contingent consideration, share settled 2,778 2,000
Payroll taxes, share settled $ 1,129 $ 585