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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jul. 03, 2022
Jul. 04, 2021
Jul. 03, 2022
Jul. 04, 2021
Jan. 02, 2022
Cash flows from operating activities:          
Net income (loss) $ 67,717 $ 91,403 $ 2,055 $ (4,436)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Depreciation and amortization     56,586 56,885  
Stock-based compensation     7,448 9,638  
Interest accretion on notes payable     555 554  
Loss on debt extinguishment 17,533   17,533    
Amortization of debt issuance costs     3,965 3,956  
Other, including (gain) loss on disposal of assets     (5,405) (445)  
Change in accounts receivable     27,327 (88,193)  
Change in inventories, prepaid expenses and other current assets     (34,698) 10,393  
Change in deposits and other assets     (1,928) 1,099  
Change in ROU operating leases     5,517 4,382  
Change in accounts payable, deferred revenue, accrued liabilities and other long-term liabilities     11,012 175,266  
Change in operating lease liabilities     (1,615) (4,457)  
Change in accrued interest payable     (25,841) (34,895)  
Deferred income taxes     726 (414)  
Net cash provided by operating activities     63,237 129,333  
Cash flows from investing activities:          
Additions to property and equipment     (59,006) (42,250)  
Property insurance recoveries     3,664    
Proceeds from sale of assets       41  
Net cash used in investing activities     (55,342) (42,209)  
Cash flows from financing activities:          
Repayment of borrowings     (360,000) (2,000)  
Proceeds from borrowings     200,000 2,000  
Stock repurchases     (96,774)    
Redemption premium payments on debt extinguishment     (12,600)    
Payment of cash dividends     (3) (210)  
Proceeds from issuance of common stock     1,665 11,784  
Payment of tax withholdings on equity-based compensation through shares withheld     (260) (2,179)  
Reduction in finance lease liability     (490) (350)  
Purchase of redeemable noncontrolling interest     (556) (1,115)  
Net cash (used in) provided by financing activities     (269,018) 7,930  
Effect of exchange rate on cash     340 73  
Net change in cash and cash equivalents     (260,783) 95,127  
Cash and cash equivalents at beginning of period     335,585 157,760 $ 157,760
Cash and cash equivalents at end of period $ 74,802 $ 252,887 74,802 252,887 $ 335,585
Supplemental cash flow information          
Cash paid for interest     95,141 107,855  
Cash paid for income taxes     $ 1,661 $ 564