XML 53 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 04, 2015
Jul. 05, 2014
Cash Flows from Operating Activities:    
Net (Loss) Income $ (46,680) $ 41,766
Adjustments to arrive at loss from continuing operations 2,370 (94,157)
(Loss) income from continuing operations (44,310) (52,391)
Adjustments to reconcile loss from continuing operations to net cash used in operating activities:    
Depreciation and amortization 24,240 26,422
Loss on asset disposals and impairments, including streamlining initiatives, net 8,309 2,536
Share-based compensation 12,756 26,032
Loss on settlement of note receivable 9,873  
Loss on extinguishment of debt   16,914
Foreign currency losses (gains), net 1,620 (1,301)
Other, net 2,568 173
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable - trade, net 23,971 (886)
Increase in inventories, net (39,140) (36,463)
Decrease (increase) in other current and non-current assets 8,015 (7,042)
Increase (decrease) in accounts payable 14,362 (11,748)
Decrease in accrued expenses and other non-current liabilities (14,210) (25,062)
Net change in income tax assets and liabilities 1,684 3,818
Net cash (used in) provided by operating activities of discontinued operations (10,057) 12,750
Net cash used in operating activities (319) (46,248)
Cash Flows from Investing Activities:    
Proceeds from sales of property and equipment 816  
Purchases of property and equipment (28,163) (44,708)
Payments for purchases of businesses   (32,268)
Proceeds from sales of joint venture interests, net 19,874  
Payments for joint venture interest (10,000)  
Payments for in-store merchandise shops (2,094) (3,294)
Net proceeds from settlement of note receivable 75,128  
Other, net 368 (33)
Net cash provided by investing activities of discontinued operations 348 136,408
Net cash provided by investing activities 56,277 56,105
Cash Flows from Financing Activities:    
Proceeds from borrowings under revolving credit agreement 2,000 3,871
Repayment of borrowings under revolving credit agreement (8,000) (4,960)
Principal payments under capital lease obligations (223) (199)
Proceeds from issuance of Term Loan   398,000
Repayment of Senior Notes   (390,693)
Repayment of Term Loan (2,000)  
Proceeds from exercise of stock options 2,428 40,128
Payment of deferred financing fees (870) (7,978)
Net cash (used in) provided by financing activities (6,665) 38,169
Effect of Exchange Rate Changes on Cash and Cash Equivalents (1,900) (1,116)
Net Change in Cash and Cash Equivalents 47,393 46,910
Cash and Cash Equivalents at Beginning of Period 184,044 130,222
Cash and Cash Equivalents $ 231,437 $ 177,132