XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 26, 2021
Sep. 27, 2020
OPERATING ACTIVITIES    
Net income (loss) $ (9,158) $ 30,904
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 7,328 6,039
Amortization of intangible assets 10,391 8,099
Amortization of deferred loan costs 2,656 2,201
Increase in warrant liability 17,273  
Increase in acquisition contingent consideration payable 17,173  
Increase in earn-out liability 6,866  
Equity compensation 2,748 356
Change in deferred taxes (836) 583
Loss on early extinguishment of long-term debt 1,425  
Loss (gain) on disposal of property, plant and equipment (290) 18
Allowance for credit losses 738 581
Changes in operating assets and liabilities:    
Accounts receivable (5,196) (15,678)
Inventories (25,996) 33,208
Prepaids and other current assets (3,472) 2,494
Accounts payable 9,765 1,871
Accrued interest (311) (1,352)
Accrued liabilities (7,859) 6,280
Net cash from operating activities 24,917 75,604
INVESTING ACTIVITIES.    
Capital expenditures (10,468) (6,653)
Proceeds from the disposal of fixed assets 323  
Cash paid for acquisitions, net (61,786)  
Trademark Acquisition (50)
Net cash used in investing activities (71,931) (6,703)
FINANCING ACTIVITIES    
Net change under revolving credit agreement (20,500)
Principal payments on long-term debt (103,032) (1,900)
Proceeds from Business Combination and PIPE financing,net of issuance costs paid 132,299  
Capital distributions (100)
Net Cash Provided by (Used in) Financing Activities, Total 29,267 (22,500)
Net change in cash and cash equivalents (17,747) 46,401
Cash and cash equivalents:    
Beginning of period 71,674 8,335
End of period 53,927 54,736
Supplemental disclosures of cash flow information:    
Cash paid for interest 28,751 30,995
Cash paid for income taxes 10,648 $ 1,865
Non-Cash Investing and Financing Activities:    
Assumption of warrant liability 28,713  
Assumption of earn-out liability $ 17,722