XML 59 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 26, 2015
Sep. 27, 2014
Cash flows from operating activities: [Abstract]    
Net loss $ (13,327) $ (65,364)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Gain on sale of discontinued operations, net of taxes 0 (1,559)
Income from discontinued operations, net of taxes (1,769) (4,732)
Depreciation and amortization, excluding non-cash interest expense 35,633 40,545
Non-cash interest expense, net 7,532 7,380
Deferred income taxes (2,962) (6,761)
(Gain) loss on sale of assets (2,323) 260
Non-cash restructuring and other charges, net 6,050 4,067
Loss on early extinguishment of debt, net 559 27,778
Stock-based compensation provision 1,481 1,971
Other non-cash charges 3,711 6,330
Changes in operating assets and liabilities, excluding the effects of acquired businesses:    
Accounts receivable 5,243 (502)
Inventories (12,530) 1,787
Accounts payable and accrued compensation and related liabilities (3,790) 1,819
Other working capital changes (12,037) (9,377)
Other, net (9,971) (16,683)
Net cash provided by (used in) operating activities of continuing operations 1,500 (13,041)
Net cash provided by operating activities of discontinued operations 13,345 5,780
Net cash provided by (used in) operating activities 14,845 (7,261)
Cash flows from investing activities:    
Capital expenditures (19,245) (22,333)
Cost of business acquisitions (1,996) 0
Purchase of investment 0 (2,000)
Proceeds from sale of property, plant and equipment 1,471 1,835
Proceeds from sale of assets 2,180 0
Net cash used in investing activities of continuing operations (17,590) (22,498)
Net cash used in investing activities of discontinued operations (1,864) (3,313)
Net cash used in investing activities (19,454) (25,811)
Cash flows from financing activities:    
Proceeds from issuance of 6.000% senior secured priority notes due 2019 0 540,000
Proceeds from issuance of 8.500% junior secured priority notes due 2022 0 250,000
Payment of financing-related costs and expenses and debt issuance discounts (1,309) (35,721)
Repayments of other long-term debt (3,345) (6,144)
Repayment of 11.5% senior notes due 2017 (22,720) (1,430)
Purchase and retirement of common stock upon vesting of RSUs (218) (562)
Proceeds from exercise of stock options 2 0
Repayment of 15% Unsecured Term Loan due 2017 0 (10,000)
Repayment of Term Loan Facility due 2017 0 (329,100)
Repayment of 8.875% senior second lien notes due 2018 0 (400,000)
Borrowings under ABL Facility due 2017 358,900 389,600
Repayments under ABL Facility due 2017 (328,500) (363,500)
Net cash provided by financing activities of continuing operations 2,810 33,143
Net cash used in financing activities of discontinued operations (352) (365)
Net cash provided by financing activities 2,458 32,778
Effect of exchange rate changes on cash and cash equivalents (536) 13
Net decrease in cash and cash equivalents (2,687) (281)
Cash and cash equivalents at beginning of period 14,593 11,329
Cash and cash equivalents at end of period 11,906 11,048
Less cash and equivalents of discontinued operations (2,332) (810)
Cash and cash equivalents of continuing operations at end of period $ 9,574 $ 10,238