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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 01, 2022
Oct. 02, 2021
Operating activities        
Net loss $ (12,639) $ (3,034) $ (6,735) $ (2,280)
Earnings from discontinued operations 0 0 2,752 0
Loss from continuing operations (12,639) (3,034) (9,487) (2,280)
Items not affecting cash:        
Depreciation and amortization 9,730 8,837 28,515 25,790
Amortization of debt issuance costs 413 359 1,184 993
Deferred income taxes (2,925) 3,315 (717) (179)
Stock-based compensation 4,092 1,250 9,691 9,593
Loss on classification of sunflower business as held for sale 23,227 0 23,227 0
Gain on sale of frozen fruit processing facility (3,779) 0 (3,779) 0
Impairment of long-lived assets 0 0 0 2,962
Other (149) (168) 1,596 (504)
Changes in operating assets and liabilities 2,003 (5,494) (17,168) (77,472)
Net cash provided by (used in) operating activities of continuing operations 19,973 5,065 33,062 (41,097)
Investing activities        
Additions to property, plant and equipment (38,019) (18,386) (100,779) (34,989)
Proceeds from sale of property, plant and equipment 16,111 950 20,293 2,300
Additions to intangible assets 0 0 0 (25,073)
Net cash used in investing activities of continuing operations (21,908) (17,436) (80,486) (57,762)
Net cash used in investing activities of discontinued operations (0) 0 (6,324) (13,380)
Net cash used in investing activities (21,908) (17,436) (86,810) (71,142)
Financing activities        
Increase (decrease) in borrowings under revolving credit facilities (24,247) 11,348 (3,485) 123,177
Borrowings of long-term debt 33,094 4,739 74,197 9,380
Repayment of long-term debt (6,265) (1,849) (13,834) (11,789)
Payment of debt issuance costs (113) (181) (672) (2,552)
Proceeds from the exercise of stock options and employee share purchases 612 304 1,203 7,494
Payment of withholding taxes on stock-based awards (631) (1,576) (1,602) (8,313)
Payment of cash dividends on preferred stock (609) (609) (1,827) (4,638)
Payment of share issuance costs 0 0 0 (287)
Net cash provided by financing activities of continuing operations 1,841 12,176 53,980 112,472
Net cash used in financing activities of discontinued operations 0 0 0 (200)
Net cash provided by financing activities 1,841 12,176 53,980 112,272
Increase (decrease) in cash and cash equivalents in the period (94) (195) 232 33
Cash and cash equivalent, beginning of the period 553 479 227 251
Cash and cash equivalents, end of the period $ 459 $ 284 $ 459 $ 284