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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash Flows from Operating Activities    
Net Income $ 24,721 $ 10,818
Adjustments to Reconcile Net Income to Net Cash Used in Operating Activities:    
Depreciation and amortization 25,129 24,421
Non-cash operating lease cost 6,329 5,982
Inventory write down and property and equipment impairment due to restructuring 0 819
Stock-based compensation expense 12,753 13,769
Deferred income taxes (7,972) (5,088)
Provision for credit losses 675 723
Recognition of insurance recoveries 0 (3,886)
Other 190 180
Changes in Assets and Liabilities:    
Accounts receivable (3,713) 2,833
Contract assets (43,748) 139
Inventories 13,428 (31,967)
Production cost of contracts 1,902 (861)
Other assets 4,129 (289)
Accounts payable 3,298 (12,381)
Contract liabilities (16,617) 4,409
Operating lease liabilities (6,300) (5,740)
Accrued and other liabilities 1,552 690
Net Cash Provided by Operating Activities 15,756 4,571
Cash Flows from Investing Activities    
Purchases of property and equipment (10,280) (16,032)
Proceeds from sale of assets 0 404
Payments for acquisition of BLR Aerospace L.L.C., net of cash acquired 0 (114,378)
Net Cash Used in Investing Activities (10,280) (130,006)
Cash Flows from Financing Activities    
Borrowings from senior secured revolving credit facility 20,000 152,500
Repayments of senior secured revolving credit facility (25,000) (123,700)
Repayments of term loan (3,125) (4,688)
Repayments of other debt (246) (250)
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 (2,702) (2,585)
Net Cash (Used in) Provided by Financing Activities (11,073) 106,384
Net Decrease in Cash and Cash Equivalents (5,597) (19,051)
Cash and Cash Equivalents at Beginning of Period 42,863 46,246
Cash and Cash Equivalents at End of Period $ 37,266 $ 27,195