XML 17 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2016
Oct. 03, 2015
Cash Flows from Operating Activities    
Net Income (Loss) $ 22,425 $ (9,706)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities    
Depreciation and amortization 17,420 20,064
Gain on divestitures (18,815) 0
Stock-based compensation expense 2,579 2,792
Deferred income taxes (1,602) 1,599
Excess tax benefits from stock-based compensation (57) (516)
Recovery of doubtful accounts (26) (11)
Noncash loss on extinguishment of debt 0 4,970
Other (4,923) 7,180
Changes in Assets and Liabilities:    
Accounts receivable 5,777 4,836
Inventories (15,055) 5,525
Production cost of contracts (1,437) (560)
Other assets 7,095 1,614
Accounts payable 19,586 (7,626)
Accrued and other liabilities (5,453) (18,076)
Net Cash Provided by Operating Activities 27,514 12,085
Cash Flows from Investing Activities    
Purchases of property and equipment (12,712) (11,803)
Proceeds from sale of assets 0 289
Insurance recoveries related to property and equipment 0 1,510
Proceeds from divestitures 55,272 0
Net Cash Provided by (Used in) Investing Activities 42,560 (10,004)
Cash Flows from Financing Activities    
Borrowings from senior secured revolving credit facility 29,700 65,000
Repayments of senior secured revolving credit facility (29,700) (65,000)
Borrowings from term loans 0 275,000
Repayments of senior unsecured notes and term loans (65,000) (305,000)
Repayments of other debt (22) (17)
Debt issuance costs 0 (4,848)
Excess tax benefits from stock-based compensation 57 516
Net proceeds from issuance of common stock under stock plans (1,097) (1,118)
Net Cash Used in Financing Activities (66,062) (35,467)
Net Increase (Decrease) in Cash and Cash Equivalents 4,012 (33,386)
Cash and Cash Equivalents at Beginning of Period 5,454 45,627
Cash and Cash Equivalents at End of Period $ 9,466 $ 12,241