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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2023
Jun. 25, 2022
Operating activities    
Net income (loss) $ 13,235 $ (26,228)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 17,033 19,380
Equity-based compensation expense 11,927 8,634
Loss on foreign currency contracts 198 497
Non-cash interest expense 390  
Deferred income taxes (1,309) (10,701)
Amortization of debt issuance costs 633 633
Non-cash operating lease expense 1,225 1,216
Provision for excess and obsolete inventory 1,885 224
Impairment of goodwill 0 42,052
Other   (6)
Changes in operating assets and liabilities:    
Accounts receivable, net 19,804 (3,171)
Inventories, net (16,835) (25,234)
Prepaid expenses and other current assets (1,272) 2,077
Other long-term assets (55) (30)
Accounts payable (2,067) 12,405
Accrued expenses (8,656) (3,864)
Other long-term liabilities 68 20
Operating lease liabilities (1,621) (1,630)
Net cash provided by operating activities 34,583 16,274
Investing activities    
Purchases of property and equipment (3,571) (9,730)
Net cash (used in) investing activities (3,571) (9,730)
Financing activities    
Repayments of capital lease obligations (41) (47)
Net cash (used in) financing activities (41) (47)
Cash and cash equivalents    
Net increase in cash and cash equivalents 30,971 6,497
Cash and cash equivalents at beginning of period 138,654 66,154
Cash and cash equivalents at end of period 169,625 72,651
Supplemental disclosures of cash flow information    
Cash paid for interest 19,853 11,350
Cash proceeds from interest (3,510) (43)
Cash paid for taxes 2,789 3,670
Proceeds from income tax refunds (43) (11)
Non-cash investing and financing transactions    
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 $ 455 $ 100