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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 24, 2022
Sep. 25, 2021
Operating activities    
Net income (loss) $ (24,764) $ 5,759
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 29,184 28,302
Equity-based compensation expense 13,240 2,084
Loss on foreign currency contracts 3,255  
Deferred income taxes (11,674) 6,516
Amortization of debt issuance costs 949 1,566
Non-cash operating lease expense 1,818 1,683
Provision for excess and obsolete inventory 2,350  
Loss on disposal of property and equipment   54
Impairment of goodwill 42,052 0
Loss on extinguishment of debt   9,717
Other   229
Changes in operating assets and liabilities:    
Accounts receivable, net (13,234) (18,931)
Inventories (34,823) (13,642)
Prepaid expenses and other current assets 215 (6,588)
Other long-term assets 372 396
Accounts payable 14,674 2,582
Accrued expenses 5,504 649
Other long-term liabilities 38 12
Operating lease liabilities (2,386) (2,083)
Net cash provided by operating activities 26,770 18,305
Investing activities    
Purchases of property and equipment (10,939) (5,111)
Net cash used in investing activities (10,939) (5,111)
Financing activities    
Payments of debt issuance costs   (3,046)
Proceeds from long-term debt   769,136
Repayments of long-term debt   (374,146)
Repayments of capital lease obligations (59) (49)
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 (59) (7,105)
Cash and cash equivalents    
Net increase in cash and cash equivalents 15,772 6,089
Cash and cash equivalents at beginning of period 66,154 37,026
Cash and cash equivalents at end of period 81,926 43,115
Supplemental disclosures of cash flow information    
Cash paid for interest 19,309 18,603
Cash paid for taxes 3,670 2,236
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 78 1,638
Acquisition of property and equipment not yet paid $ 314 $ 43