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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2022
Mar. 26, 2021
Cash flows from operating activities:    
Net loss $ (2,256) $ (6,036)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 14,889 13,712
Amortization of debt issuance costs 458 1,525
Deferred income taxes (2,965) (795)
Loss on sale and disposal of property and equipment 0 259
Equity-based compensation 5,599 1,060
Non-cash operating lease expense 2,985 0
Bad debt expense 74 76
Fair value adjustment to contingent value rights (2,800) 1,310
Change in operating assets and liabilities:    
Accounts receivable (2,804) (7,027)
Inventories (25,032) (10,548)
Prepaid expenses and other assets 2,269 (2,653)
Accounts payable, accrued liabilities and operating lease liabilities (13,439) (14,750)
Net cash used in operating activities (23,022) (23,867)
Cash flows from investing activities:    
Acquisition of business, net of cash acquired (25,639) 0
Purchases of property and equipment (3,312) (2,050)
Issuance of notes receivable (600) 0
Other 30 (429)
Net cash used in investing activities (29,521) (2,479)
Cash flows from financing activities:    
Payments on long-term debt 0 (1,797)
Proceeds from revolving credit facility 37,000 0
Payment of deferred initial public offering costs 0 (349)
Net cash provided by (used in) financing activities 37,000 (2,146)
Effect of exchange rate changes on cash and cash equivalents 21 (23)
Net decrease in cash and cash equivalents (15,522) (28,515)
Cash and cash equivalents at beginning of the period 40,577 77,458
Cash and cash equivalents at end of the period 25,055 48,943
Supplementary cash flow information:    
Cash paid for interest 7,710 8,106
Cash paid for taxes, net 1,018 485
Noncash investing and financing activities:    
Capital expenditure in accounts payable $ 305 $ 67