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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
Operating activities        
Net earnings (loss) $ 777 $ (8,912) $ 4,124 $ 16,683
Items not affecting cash:        
Depreciation and amortization 8,751 8,186 17,673 16,488
Amortization of debt issuance costs 1,065 684 2,004 1,339
Deferred income taxes 2,958 (2,356) 3,218 4,971
Stock-based compensation 1,932 2,998 4,379 2,835
Unrealized loss (gain) on derivative contracts (406) (400) 150 (288)
Gain on settlement of contingent consideration obligation (note 10) 0 0 (2,286) 0
Loss (gain) on sale of business 0 201 0 (45,378)
Other (11) (72) (101) (134)
Changes in non-cash working capital, net of businesses acquired or sold (12,401) (31,989) 8,253 (27,188)
Net cash flows from operating activities 2,665 (31,660) 37,414 (30,672)
Investing activities        
Purchases of property, plant and equipment (6,370) (9,341) (16,059) (17,315)
Net proceeds from sale of business   (201)   64,675
Acquisition of business, net of cash acquired   (3,341)   (3,341)
Other 41   41  
Net cash flows from investing activities (6,329) (12,883) (16,018) 44,019
Financing activities        
Increase (decrease) under line of credit facilities (21,257) 43,367 (41,011) (11,294)
Borrowings under long-term debt   24 155 1,876
Repayment of long-term debt (744) (634) (1,341) (1,357)
Proceeds on issuance of preferred stock, net of issuance costs 26,804   26,804  
Payment of cash dividends on preferred stock   (1,700) (1,700) (3,400)
Proceeds from the exercise of stock options and employee purchases 349 336 571 647
Payment of withholding taxes on stock-based awards (1,030) (299) (1,151) (382)
Payment of debt issuance costs (415) (81) (2,488) (395)
Payment of contingent consideration (1,100)   (1,100)  
Other   (5) (4) 216
Net cash flows from financing activities 2,607 41,008 (21,265) (14,089)
Foreign exchange gain (loss) on cash held in a foreign currency 12 50 (4) (8)
Increase (decrease) in cash and cash equivalents in the period (1,045) (3,485) 127 (750)
Cash and cash equivalents - beginning of the period 2,670 6,015 1,498 3,280
Cash and cash equivalents - end of the period $ 1,625 $ 2,530 $ 1,625 $ 2,530