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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2021
Apr. 04, 2020
Cash flows from operating activities:    
Net loss $ (1,655) $ (542,073)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 72,615 69,769
Non-cash interest expense 2,314 2,274
Share-based compensation expense 3,302 3,387
Goodwill impairment 0 503,171
Asset impairment 493 3,079
Provision for credit losses 676 725
Deferred income taxes (9,729) (35,734)
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable (47,157) 20,532
Inventories (62,028) (20,724)
Income taxes 7,976 18,212
Prepaid expenses and other (7,755) 1,554
Accounts payable 49,424 12,461
Accrued expenses 8,597 (40,662)
Other, net 2,958 1,805
Net cash provided by (used in) operating activities 20,031 (2,224)
Cash flows from investing activities:    
Acquisitions, net of cash acquired (180) (39,857)
Capital expenditures (21,230) (27,567)
Proceeds from sale of property, plant and equipment 715 0
Net cash used in investing activities (20,695) (67,424)
Cash flows from financing activities:    
Proceeds from stock options exercised 486 0
Payments on term loan (6,404) (6,405)
Payments related to tax withholding for share-based compensation (1,541) (327)
Net cash provided by (used in) financing activities (7,459) 453,268
Effect of exchange rate changes on cash and cash equivalents 585 (2,302)
Net increase (decrease) in cash, cash equivalents and restricted cash (7,538) 381,318
Cash, cash equivalents and restricted cash at beginning of period 680,478 102,307
Cash, cash equivalents and restricted cash at end of period 672,940 483,625
Interest paid, net of amounts capitalized 40,913 36,931
Taxes paid, net 1,949 392
ABL Facility    
Cash flows from financing activities:    
Proceeds from ABL facility 0 345,000
Cash flow revolver due April 2023    
Cash flows from financing activities:    
Proceeds from ABL facility $ 0 $ 115,000