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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Cash flows from operating activities:    
Net loss $ (110,624) $ (118,573)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 103,751 94,317
Amortization of debt issuance costs, debt discount and fair values 26,171 23,876
Share-based compensation expense (3,747) 1,592
Amortization of acquisition related step-up adjustments 1,843 1,046
(Gain) loss on disposal of assets (490) 2,452
Change in fair value of contingent consideration 814 0
Unrealized loss on foreign currency exchange rates 313 0
Provision for credit losses 1,746 1,208
Deferred income taxes (93,559) (92,479)
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable (60,514) (28,679)
Inventories (66,992) (54,213)
Income taxes 64,510 110,502
Prepaid expenses and other current assets 9,933 (9,568)
Accounts payable 55,305 (17,983)
Accrued expenses (64,703) (76,363)
Other, net 115 (832)
Net cash flows from operating activities (136,128) (163,697)
Cash flows from investing activities:    
Capital expenditures (37,088) (52,444)
Proceeds from sale of property, plant and equipment 819 2,776
Net cash flows from investing activities (36,269) (49,668)
Cash flows from financing activities:    
Proceeds from short-term borrowings 170,000 100,000
Payments on term loans 0 (7,250)
Dividend payment to parent 0 (231,625)
Net cash flows from financing activities 170,000 (138,875)
Effect of exchange rate changes on cash and cash equivalents 5,282 662
Net increase (decrease) in cash and cash equivalents 2,885 (351,578)
Cash and cash equivalents at beginning of period 159,529 468,877
Cash and cash equivalents at end of period $ 162,414 $ 117,299