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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Operating activities    
Net loss $ (2,258) $ (17,461)
Net loss from discontinued operations (2,314) (2,983)
Earnings (loss) from continuing operations 56 (14,478)
Items not affecting cash:    
Depreciation and amortization 17,686 14,890
Amortization of debt issuance costs 457 795
Deferred income taxes (368) 3,978
Stock-based compensation 7,742 5,921
Gain on sale of smoothie bowls product line (1,800) 0
Other (193) 506
Changes in operating assets and liabilities, net of divestitures (21,567) 5,856
Net cash provided by operating activities of continuing operations 2,013 17,468
Net cash provided by (used in) operating activities of discontinued operations (2,310) 2,277
Net cash provided by (used in) operating activities (297) 19,745
Investing activities    
Additions to property, plant and equipment (17,259) (32,556)
Proceeds received from sale of smoothie bowls product line 3,336 0
Net cash used in investing activities of continuing operations (13,923) (32,556)
Net cash provided by (used in) investing activities of discontinued operations 6,300 (958)
Net cash used in investing activities (7,623) (33,514)
Financing activities    
Increase in borrowings under revolving credit facilities 26,350 6,511
Repayment of long-term debt (12,320) (20,806)
Borrowings of long-term debt 0 19,333
Proceeds from notes payable 70,477 35,095
Repayment of notes payable (71,709) (15,368)
Proceeds from the exercise of stock options and employee share purchases 749 576
Payment of withholding taxes on stock-based awards (2,659) (9,007)
Payment of cash dividends on preferred stock (305) (1,123)
Payment of share issuance costs 0 (123)
Net cash provided by financing activities of continuing operations 10,583 15,088
Net cash used in financing activities of discontinued operations 0 (1,017)
Net cash provided by financing activities 10,583 14,071
Increase in cash, cash equivalents and restricted cash in the period 2,663 302
Cash, cash equivalents and restricted cash, beginning of the period 8,754 679
Cash, cash equivalents and restricted cash, end of the period $ 11,417 $ 981