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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash Flows from Operating Activities    
Net Income $ 14,573 $ 7,605
Adjustments to Reconcile Net Income to Net Cash Used in Operating Activities:    
Depreciation and amortization 16,598 15,943
Non-cash operating lease cost 4,164 2,953
Inventory write down and property and equipment impairment due to restructuring 0 843
Stock-based compensation expense 8,286 8,117
Deferred income taxes (2,586) (2,056)
Provision for credit losses 357 473
Recognition of insurance recoveries 0 (3,886)
Other 428 444
Changes in Assets and Liabilities:    
Accounts receivable (2,250) 12,252
Contract assets (32,628) 1,454
Inventories (2,630) (21,243)
Production cost of contracts 1,429 (401)
Other assets 3,669 343
Accounts payable 4,873 (8,177)
Contract liabilities (3,458) (15,349)
Operating lease liabilities (4,060) (2,471)
Accrued and other liabilities (4,951) (6,591)
Net Cash Provided by (Used in) Operating Activities 1,814 (9,747)
Cash Flows from Investing Activities    
Purchases of property and equipment (8,292) (10,919)
Payments for acquisition of BLR Aerospace L.L.C., net of cash acquired 0 (114,353)
Net Cash Used in Investing Activities (8,292) (125,272)
Cash Flows from Financing Activities    
Borrowings from senior secured revolving credit facility 20,000 133,500
Repayments of senior secured revolving credit facility (20,000) (99,700)
Repayments of term loans (3,125) (3,125)
Repayments of other debt (172) (165)
Proceeds from issuance of common stock in public offering, net of issuance costs 0 85,107
Net cash paid upon issuance of common stock under stock plans (3,683) (4,038)
Net Cash (Used in) Provided by Financing Activities (6,980) 111,579
Net Decrease in Cash and Cash Equivalents (13,458) (23,440)
Cash and Cash Equivalents at Beginning of Period 42,863 46,246
Cash and Cash Equivalents at End of Period $ 29,405 $ 22,806