XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2022
Jun. 25, 2021
Cash flows from operating activities:    
Net loss $ (3,600) $ (7,092)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 29,855 27,910
Amortization of debt issuance costs 921 3,051
Deferred income taxes (6,462) 408
Loss on sale and disposal of property and equipment 81 205
Equity-based compensation 12,367 2,238
Non-cash operating lease expense 6,298 0
Bad debt expense 100 180
Fair value adjustment to contingent value rights (6,075) 2,840
Provision for credit losses on notes receivable 5,872 0
Change in operating assets and liabilities:    
Accounts receivable (4,851) (6,313)
Inventories (58,262) (15,234)
Prepaid expenses and other assets 5,273 (6,481)
Accounts payable, accrued liabilities and operating lease liabilities (1,070) (6,327)
Net cash used in operating activities (19,553) (4,615)
Cash flows from investing activities:    
Acquisition of business, net of cash acquired (25,639) (25,821)
Purchases of property and equipment (6,414) (4,413)
Issuance of notes receivable (600) 0
Other 45 (429)
Net cash used in investing activities (32,608) (30,663)
Cash flows from financing activities:    
Payments on long-term debt (1,163) (3,595)
Proceeds from revolving credit facility 47,000 0
Repurchase and retirement of common stock (918) 0
Payment of deferred initial public offering costs 0 (2,730)
Net cash provided by (used in) financing activities 44,919 (6,325)
Effect of exchange rate changes on cash and cash equivalents (2,017) (5)
Net decrease in cash and cash equivalents (9,259) (41,608)
Cash and cash equivalents at beginning of the period 40,577 77,458
Cash and cash equivalents at end of the period 31,318 35,850
Supplementary cash flow information:    
Cash paid for interest 14,657 16,083
Cash paid for taxes, net 3,445 743
Noncash investing and financing activities:    
Noncash equity contribution 0 10,025
Capital expenditure in accounts payable $ 321 $ 251