XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 24, 2021
Sep. 25, 2020
Cash flows from operating activities:    
Net loss $ (28,632) $ (20,844)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 42,197 43,351
Amortization of debt issuance costs 4,208 4,575
Write-off of unamortized debt issuance costs 6,645 0
Unrealized loss on interest rate cap 0 5
Deferred income taxes (3,563) (5,797)
Gain on sale of business 0 (979)
Loss on sale and disposal of property and equipment 195 16
Equity-based compensation 16,629 3,572
Bad debt expense 443 828
Fair value adjustment to contingent value rights 1,200 300
Change in operating assets and liabilities:    
Accounts receivable (4,097) (6,910)
Inventories (15,250) 8,992
Prepaid expenses and other assets (23,959) 1,696
Accounts payable and accrued liabilities (7,255) 13,837
Net cash (used in) provided by operating activities (11,239) 42,642
Cash flows from investing activities:    
Acquisition of business, net of cash acquired (26,077) 0
Purchases of property and equipment (6,819) (7,103)
Proceeds from sale of business 0 600
Other (429) 48
Net cash used in investing activities (33,325) (6,455)
Cash flows from financing activities:    
Payments on long-term debt (220,992) (5,700)
Proceeds from revolving credit facility 0 52,000
Payments on revolving credit facility 0 (40,000)
Proceeds from initial public offering, net of offering costs 249,155 0
Proceeds from capital contributions 0 490
Net cash provided by financing activities 28,163 6,790
Effect of exchange rate changes on cash and cash equivalents (466) (35)
Net (decrease) increase in cash and cash equivalents (16,867) 42,942
Cash and cash equivalents at beginning of the period 77,458 33,177
Cash and cash equivalents at end of the period 60,591 76,119
Supplementary cash flow information:    
Cash paid for interest 25,069 33,064
Cash paid for taxes, net 265 298
Noncash investing and financing activities:    
Noncash tax receivable agreement liability 112,681 0
Noncash equity contribution 10,025 0
Capital expenditure in accounts payable $ 237 $ 154