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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Cash Flows from Operating Activities    
Net Income $ 15,287 $ 4,191
Net Cash Provided by Operating Activities:    
Depreciation and amortization 13,759 12,315
Non-cash operating lease cost 1,373  
Property and equipment impairment due to restructuring 0 4,375
Stock-based compensation expense 3,271 2,115
Deferred income taxes 181 3,966
Recovery of doubtful accounts (391) (30)
Other (297) 9,050
Changes in Assets and Liabilities:    
Accounts receivable (1,145) 11,172
Contract assets (13,862) (81,663)
Inventories (8,202) 29,417
Production cost of contracts (1,161) 160
Other assets 473 1,475
Accounts payable 7,158 20,117
Contract liabilities (3,962) 15,164
Accrued and other liabilities (4,432) (5,597)
Net Cash Provided by Operating Activities 8,050 26,227
Cash Flows from Investing Activities    
Purchases of property and equipment (7,566) (7,513)
Proceeds from sale of assets 0 67
Payments for acquisition of Certified Thermoplastics Co., LLC, net of cash acquired 0 (30,993)
Net Cash Used in Investing Activities (7,566) (38,439)
Cash Flows from Financing Activities    
Borrowings from senior secured revolving credit facility 106,800 189,600
Repayments of senior secured revolving credit facility (104,300) (175,000)
Repayments of term loan (6,000) 0
Repayments of other debt and finance lease obligations (65) 0
Net cash paid upon issuance of common stock under stock plans (3,138) (1,006)
Net Cash (Used in) Provided by Financing Activities (6,703) 13,594
Net (Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash (6,219) 1,382
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 10,263 2,150
Cash, Cash Equivalents, and Restricted Cash at End of Period $ 4,044 $ 3,532