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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 24, 2022
Operating activities    
Net income (loss) $ 14,661 $ (24,764)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 25,483 29,184
Equity-based compensation expense 18,294 13,240
Loss on foreign currency contracts 1,278 3,255
Non-cash interest expense 646  
Deferred income taxes (3,675) (11,674)
Amortization of debt issuance costs 949 949
Non-cash operating lease expense 1,850 1,818
Provision for excess and obsolete inventory 2,663 2,350
Impairment of goodwill 0 42,052
Loss on disposal of property and equipment 296  
Changes in operating assets and liabilities:    
Accounts receivable, net (9,267) (13,234)
Inventories, net 9,309 (34,823)
Prepaid expenses and other current assets 363 215
Other long-term assets 32 372
Accounts payable 5,276 14,674
Accrued expenses 5,212 5,504
Other long-term liabilities 109 38
Operating lease liabilities (2,459) (2,386)
Net cash provided by operating activities 71,020 26,770
Investing activities    
Purchases of property and equipment (7,077) (10,939)
Net cash (used in) investing activities (7,077) (10,939)
Financing activities    
Repayments of capital lease obligations (73) (59)
Net cash (used in) financing activities (73) (59)
Cash and cash equivalents    
Net increase in cash and cash equivalents 63,870 15,772
Cash and cash equivalents at beginning of period 138,654 66,154
Cash and cash equivalents at end of period 202,524 81,926
Supplemental disclosures of cash flow information    
Cash paid for interest 31,101 19,039
Cash proceeds from interest (6,377) (282)
Cash paid for taxes 7,921 3,670
Proceeds from income tax refunds (70) (11)
Non-cash investing and financing transactions    
Lease liabilities arising from operating lease right-of-use assets recognized after ASU No. 2016-02 transition   78
Acquisition of property and equipment not yet paid 352 $ 314
Lease liabilities arising from finance lease right-of-use assets $ 667