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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Operating activities    
Net earnings $ 1,377 $ 4,568
Earnings from discontinued operations 0 3,566
Earnings from continuing operations 1,377 1,002
Items not affecting cash:    
Depreciation and amortization 9,998 9,413
Amortization of debt issuance costs 407 375
Deferred income taxes (4,850) (178)
Stock-based compensation 3,892 1,629
Other 603 111
Changes in operating assets and liabilities (7,560) 3,191
Net cash provided by operating activities of continuing operations 3,867 15,543
Investing activities    
Additions to property, plant and equipment (25,842) (25,722)
Proceeds from sale of sunflower business 385 0
Proceeds from sale of property, plant and equipment 0 1,204
Net cash used in investing activities of continuing operations (25,457) (24,518)
Financing activities    
Increase (decrease) in borrowings under revolving credit facilities 8,812 (10,305)
Borrowings of long-term debt 18,693 22,897
Repayment of long-term debt (10,048) (2,395)
Proceeds from notes payable 10,662 0
Repayment of notes payable (5,433) 0
Proceeds from the exercise of stock options and employee share purchases 289 250
Payment of withholding taxes on stock-based awards (249) (89)
Payment of cash dividends on preferred stock (818) (609)
Payment of share issuance costs (87) 0
Payment of debt issuance costs 0 (506)
Net cash provided by financing activities of continuing operations 21,821 9,243
Increase in cash and cash equivalents in the period 231 268
Cash and cash equivalent, beginning of the period 679 227
Cash and cash equivalents, end of the period $ 910 $ 495