XML 20 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Mar. 25, 2012
Mar. 27, 2011
Cash flows from operating activities:    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 39,598,000 $ (119,895,000)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:    
Depreciation and amortization 35,766,000 50,852,000
Foreign currency transaction gains (5,407,000) (2,776,000)
Accretion of bond discount 114,000 111,000
Impairment provision 1,342,000 0
Loss (gain) on property disposals 859,000 (1,135,000)
Share-based compensation 149,000 120,000
Deferred income tax benefit 0 (11,106,000)
Changes in operating assets and liabilities:    
Restricted cash and cash equivalents 7,996,000 (164,000)
Trade accounts and other receivables 3,043,000 (67,283,000)
Inventories (25,813,000) 64,273,000
Prepaid expenses and other current assets 13,144,000 11,407,000
Accounts payable, accrued expenses and other current liabilities (35,003,000) (28,054,000)
Income taxes (3,421,000) 992,000
Deposits 0 135,000
Other operating assets and liabilities (2,985,000) 120,000
Cash provided by (used in) operating activities 29,382,000 (102,403,000)
Cash flows from investing activities:    
Acquisitions of property, plant and equipment (16,670,000) (63,960,000)
Purchases of investment securities (88,000) (1,353,000)
Proceeds from sale or maturity of investment securities 0 831,000
Proceeds from property disposals 3,066,000 4,402,000
Cash used in investing activities (13,692,000) (60,080,000)
Cash flows from financing activities:    
Proceeds from revolving line of credit and long-term borrowings 183,200,000 255,300,000
Payments on revolving line of credit, long-term borrowings and capital lease obligations (341,802,000) (135,625,000)
Payment of note payable to JBS USA (50,000,000) 0
Proceeds from sale of common stock 198,379,000 0
Payment of capitalized loan costs 0 (689,000)
Cash provided by (used in) financing activities (10,223,000) 118,986,000
Effect of exchange rate changes on cash and cash equivalents 494,000 433,000
Decrease in cash and cash equivalents 5,961,000 (43,064,000)
Cash and cash equivalents, beginning of period 41,609,000 106,077,000
Cash and cash equivalents, end of period $ 47,570,000 $ 63,013,000