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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Operating activities        
Net earnings (loss) $ 1,684 $ (918) $ 5,904 $ 754
Earnings (loss) from discontinued operations (814) 0 2,752 0
Earnings (loss) from continuing operations 2,498 (918) 3,152 754
Items not affecting cash:        
Depreciation and amortization 9,372 8,910 18,785 16,953
Amortization of debt issuance costs 396 349 771 634
Deferred income taxes 2,128 (4,331) 2,208 (3,494)
Stock-based compensation 3,970 4,370 5,599 8,343
Impairment of long-lived assets 0 2,962 0 2,962
Other 1,634 (167) 1,745 (336)
Changes in operating assets and liabilities (22,452) (50,322) (19,171) (71,978)
Net cash provided by (used in) operating activities of continuing operations (2,454) (39,147) 13,089 (46,162)
Investing activities        
Additions to property, plant and equipment (37,038) (7,306) (62,760) (16,603)
Proceeds from sale of assets 2,978 0 4,182 1,350
Additions to intangible assets 0 (25,073) 0 (25,073)
Net cash used in investing activities of continuing operations (34,060) (32,379) (58,578) (40,326)
Net cash used in investing activities of discontinued operations (6,324) 0 (6,324) (13,380)
Net cash used in investing activities (40,384) (32,379) (64,902) (53,706)
Financing activities        
Increase in borrowings under revolving credit facilities 31,067 70,244 20,762 111,829
Borrowings of long-term debt 18,206 4,155 41,103 4,641
Repayment of long-term debt (5,174) (5,855) (7,569) (9,940)
Payment of debt issuance costs (53) (543) (559) (2,371)
Proceeds from the exercise of stock options and employee share purchases 341 4,550 591 7,190
Payment of withholding taxes on stock-based awards (882) (666) (971) (6,737)
Payment of cash dividends on preferred stock (609) (609) (1,218) (4,029)
Payment of share issuance costs 0 (25) 0 (287)
Net cash provided by financing activities of continuing operations 42,896 71,251 52,139 100,296
Net cash used in financing activities of discontinued operations 0 0 0 (200)
Net cash provided by financing activities 42,896 71,251 52,139 100,096
Increase (decrease) in cash and cash equivalents in the period 58 (275) 326 228
Cash and cash equivalent, beginning of the period 495 754 227 251
Cash and cash equivalents, end of the period $ 553 $ 479 $ 553 $ 479