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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Operating activities    
Net earnings $ 3,347 $ 25,595
Items not affecting cash:    
Depreciation and amortization 8,922 8,302
Amortization of debt issuance costs 939 655
Deferred income taxes 260 7,327
Stock-based compensation 2,447 (163)
Unrealized loss on derivative contracts 556 112
Gain on settlement of contingent consideration obligation (2,286) 0
Gain on sale of business 0 (45,579)
Other (90) (62)
Changes in non-cash working capital, net of business sold 20,654 4,801
Net cash flows from operating activities 34,749 988
Investing activities    
Purchases of property, plant and equipment (9,689) (7,974)
Net proceeds from sale of business   64,876
Net cash flows from investing activities (9,689) 56,902
Financing activities    
Decrease under line of credit facilities (19,754) (54,661)
Borrowings under long-term debt 155 1,852
Repayment of long-term debt (597) (723)
Payment of cash dividends on Series A Preferred Stock (1,700) (1,700)
Proceeds from the exercise of stock options and employee share purchases 101 228
Payment of debt issuance costs (2,073) (314)
Other (4) 221
Net cash flows from financing activities (23,872) (55,097)
Foreign exchange loss on cash held in a foreign currency (16) (58)
Increase in cash and cash equivalents in the period 1,172 2,735
Cash and cash equivalents - beginning of the period 1,498 3,280
Cash and cash equivalents - end of the period $ 2,670 $ 6,015