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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Cash flows from operating activities:    
Net income $ 24,855 $ 42,789
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 1,857 282
Amortization of debt issuance costs and debt discount 3,223 1,961
Depreciation and amortization 29,177 26,692
Operating lease expense 58,275 58,148
Deferred income taxes, net 5,290 3,748
Loss on extinguishment of debt 6,011 1,023
Other items, net (10,800) 14,080
Changes in operating assets and liabilities:    
Trade receivables (596) (7,099)
Inventories (8,291) (4,772)
Prepaid expenses and other current assets (19,466) (6,518)
Accounts payable and accrued liabilities 24,727 (3,489)
Accrued payroll and related taxes (6,898) (19,962)
Operating lease liabilities (55,100) (55,376)
Other liabilities 1,526 (989)
Net cash provided by operating activities 53,790 50,518
Cash flows from investing activities:    
Purchases of property and equipment (47,167) (57,794)
Net settlement of derivative instruments 32 (691)
Net cash used in investing activities (47,135) (58,485)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt, net 529,247 0
Principal payments on long-term debt (237,525) (6,866)
Advances on revolving line of credit 42,000 53,000
Repayments of revolving line of credit (79,000) (53,000)
Prepayment premium on extinguishment of debt 0 (1,023)
Net settlement of derivative instruments 3,889 0
Repurchase of shares and shares withheld to cover taxes (849) 0
Payment of debt issuance costs (4,359) (161)
Dividends paid (262,235) 0
Net cash used in financing activities (8,832) (8,050)
Effect of exchange rate changes on cash and cash equivalents 1,610 (898)
Net change in cash and cash equivalents (567) (16,915)
Cash and cash equivalents at beginning of period 112,132 97,915
Cash and cash equivalents at end of period 111,565 81,000
Supplemental disclosures of cash flow information:    
Interest paid on debt 33,874 26,497
Income taxes paid, net 9,257 18,506
Supplemental disclosure of noncash investing activities:    
Noncash capital expenditures $ 3,331 $ 4,795