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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Operating activities    
Net earnings $ 4,220 $ 1,672
Earnings from discontinued operations 3,566 0
Earnings from continuing operations 654 1,672
Items not affecting cash:    
Depreciation and amortization 9,413 8,043
Amortization of debt issuance costs 375 285
Deferred income taxes 80 837
Stock-based compensation 1,629 3,973
Other 111 (169)
Changes in operating assets and liabilities 3,281 (21,656)
Net cash provided by (used in) operating activities of continuing operations 15,543 (7,015)
Investing activities    
Additions to property, plant and equipment (25,722) (9,297)
Proceeds from sale of assets 1,204 1,350
Net cash used in investing activities of continuing operations (24,518) (7,947)
Net cash used in investing activities of discontinued operations 0 (13,380)
Net cash used in investing activities (24,518) (21,327)
Financing activities    
Increase (decrease) under revolving credit facilities (10,305) 41,585
Borrowings of long-term debt 22,897 486
Repayment of long-term debt (2,395) (4,085)
Payment of debt issuance costs (506) (1,828)
Proceeds from the exercise of stock options and employee share purchases 250 2,640
Payment of withholding taxes on stock-based awards (89) (6,071)
Payment of cash dividends on preferred stock (609) (3,420)
Payment of share issuance costs 0 (262)
Net cash provided by financing activities of continuing operations 9,243 29,045
Net cash used in financing activities of discontinued operations 0 (200)
Net cash provided by financing activities 9,243 28,845
Increase in cash and cash equivalents in the period 268 503
Cash and cash equivalents of discontinued operations:    
Cash and cash equivalent, beginning of the period 227 251
Cash and cash equivalents, end of the period $ 495 $ 754