XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2025
Sep. 29, 2024
OPERATING ACTIVITIES:    
Net income $ 12,874 $ 14,547
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 7,183 7,364
Amortization of intangible assets 10,338 10,307
Amortization of deferred loan costs 1,336 1,314
Amortization of right of use assets 3,990 4,103
Write-down of assets held-for-sale 0 7,505
Fair value adjustments to warrant liability 2,939 (7,570)
Fair value adjustments to earn-out liability 722 (2,341)
Fair value adjustments to interest rate collar 4,271 (151)
Equity compensation 5,225 4,283
Change in deferred taxes 6,215 (8,534)
Loss on early extinguishment of long-term debt 0 141
Gain on disposal of property, plant and equipment 0 (568)
Provision for inventory reserves 10 10,451
Provision for credit losses 261 528
Change in operating assets and liabilities:    
Accounts receivable (13,602) 3,359
Inventories (2,958) (2,303)
Prepaids and other assets (8,133) (653)
Accounts payable 6,406 9,025
Accrued interest 4,316 32
Accrued and other liabilities (1,326) (8,066)
Net cash provided by operating activities 40,067 42,773
INVESTING ACTIVITIES:    
Capital expenditures (9,953) (4,372)
Acquisition of license agreement (16,660) 0
Proceeds from the disposal of fixed assets 205 1,645
Net cash used in investing activities (26,408) (2,727)
FINANCING ACTIVITIES:    
Principal payments on long-term debt (18,625) (28,832)
Payments from stock-based award activities (850) (1,482)
Net cash used in financing activities (19,475) (30,314)
Effect of foreign currency rate fluctuations on cash 452 (62)
Net change in cash and cash equivalents (5,364) 9,670
Cash and cash equivalents:    
Beginning of period 56,087 41,081
End of period 50,723 50,751
Supplemental disclosures of cash flow information:    
Cash paid for interest 35,691 39,453
Cash paid for income taxes 8,325 7,596
Property and equipment additions included in accounts payable    
Supplemental non-cash investing activity:    
Capital expenditures incurred but not yet paid 692 168
Purchase price of license agreement included in accrued liabilities    
Supplemental non-cash investing activity:    
Capital expenditures incurred but not yet paid $ 7,140 $ 0