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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 25, 2022
Jun. 26, 2021
Operating activities    
Net income (loss) $ (26,228) $ 10,373
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 19,380 18,808
Equity-based compensation expense 8,634 1,105
Loss on foreign currency contracts 497  
Deferred income taxes (10,701) 4,138
Amortization of debt issuance costs 633 1,058
Non-cash operating lease expense 1,216 1,095
Provision for excess and obsolete inventory 224  
Loss on disposal of property and equipment   54
Impairment of goodwill 42,052 0
Loss on extinguishment of debt   9,717
Other (6) 60
Changes in operating assets and liabilities:    
Accounts receivable, net (3,171) 388
Inventories (25,234) (32,915)
Prepaid expenses and other current assets 2,077 (2,732)
Other long-term assets (30) 394
Accounts payable 12,405 17,712
Accrued expenses (3,864) (15,315)
Other long-term liabilities 20 8
Operating lease liabilities (1,630) (1,343)
Net cash provided by operating activities 16,274 12,605
Investing activities    
Purchases of property and equipment (9,730) (2,604)
Net cash used in investing activities (9,730) (2,604)
Financing activities    
Payments of debt issuance costs   (3,008)
Proceeds from long-term debt   769,136
Repayments of long-term debt   (374,146)
Repayments of capital lease obligations (47) (32)
Proceeds from stockholder's note receivable   6,000
Contingent earn out consideration paid   (5,000)
Dividends paid   (400,000)
Net cash used in financing activities (47) (7,050)
Cash and cash equivalents    
Net increase in cash and cash equivalents 6,497 2,951
Cash and cash equivalents at beginning of period 66,154 37,026
Cash and cash equivalents at end of period 72,651 39,977
Supplemental disclosures of cash flow information    
Cash paid for interest 11,350 11,753
Cash paid for taxes 3,670 1,953
Proceeds from income tax refunds (11) (44)
Non-cash investing and financing transactions    
Lease liabilities arising from operating lease right-of-use assets recognized at ASU No. 2016-02 transition   21,711
Lease liabilities arising from operating lease right-of-use assets recognized after ASU No. 2016-02 transition 41  
Acquisition of property and equipment not yet paid $ 100 $ 99