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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Cash flows from operating activities:    
Net income (loss) $ 13,339 $ (56,361)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 28,834 23,689
Amortization of deferred financing costs and debt discount 1,140 5,907
Non-cash lease expense 5,596  
Stock-based compensation expense 40,415 104,578
Underwriting fees related to offering of common stock 11,437  
Loss on extinguishment of debt 3,465  
Other non-cash, net 3,750 1,349
Gain on sale of equity method investment   (3,856)
Earnings from equity method investment (2,591) (1,808)
Distributions received from equity method investment 0 1,808
Changes in operating assets and liabilities:    
Trade receivables (44,875) (43,134)
Inventories (59,139) (16,128)
Prepaid expenses and other current assets 2,458 (4,774)
Income tax receivable (2,051) (1,752)
Other assets (442) (465)
Accounts payable 3,702 10,550
Accrued expenses and other current liabilities (92) 9,740
Other long-term liabilities 290 83
Net cash provided by operating activities 5,236 29,426
Cash flows from investing activities:    
Purchases of property and equipment (29,002) (19,242)
Proceeds from the sale of property and equipment 24 33
Acquisitions of businesses, net of cash acquired (384)  
Return of equity method investment   447
Proceeds from the sale of equity method investment   6,796
Net cash used in investing activities (29,362) (11,966)
Cash flows from financing activities:    
Proceeds from long-term debt borrowings 320,125 172,813
Payments on long-term debt borrowings (285,634) (164,833)
Proceeds from borrowings on revolving credit facilities 25,000 16,000
Payments on revolving credit facilities (25,000) (16,000)
Deferred financing fees paid (6,865) (1,250)
Dividend to Class A unitholders   (110,033)
Proceeds from sale of common stock 257,663  
Proceeds from initial public offering, net of underwriting discounts, commissions and offering costs   399,264
Repurchases and retirement of common stock (272,663) (281,638)
Net cash provided by financing activities 12,626 14,323
Effect of exchange rate changes on cash (1,832) (224)
Net (decrease) increase in cash (13,332) 31,559
Cash at beginning of period 43,952 59,310
Cash at end of period 30,620 90,869
Supplemental cash flow information:    
Cash paid for interest 8,760 14,208
Income taxes paid, net 20,000 15,213
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued expenses 2,202 226
Capitalized internal-use software included in accounts payable - related party 800 $ 1,050
Right-of-use operating assets obtained in exchange for lease liabilities $ 45,876