Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income (loss) $ (69,641) $ 58,648 $ (14,206)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 90,632 72,125 70,150
(Gain) loss on dispositions of property and equipment (5,988) 1,140 364
Impairment of Long-Lived Assets to be Disposed of 837 1,569 0
Deferred income taxes 394 (85,874) (8,076)
Deferred financing and original issue discount amortization 2,455 2,530 2,627
Gains (Losses) on Restructuring of Debt 11,632 0 0
Stock-based compensation expense 1,590 2,484 2,280
Gain (Loss) on Disposition of Assets 0 (638) 1,047
Other non-cash interest and change in value of interest rate swap 607 (1,481) (706)
Changes in operating items:      
Accounts receivable 7,934 (2,777) 2,485
Inventories (68,978) 13,800 23,668
Other assets (1,496) 517 (2,697)
Accounts payable 41,092 9,305 (2,280)
Other accrued liabilities (3,523) 11,562 2,931
Other items, net 0 0 (94)
Net cash provided by operating activities 7,547 82,910 77,493
Cash flows from investing activities:      
Payments to Acquire Businesses, Net of Cash Acquired (500,989) (47,188) 0
Capital expenditures (71,621) (51,410) (41,355)
Payments for (Proceeds from) Other Investing Activities 0 (1,500) 0
Net cash used for investing activities (572,610) (100,098) (41,355)
Cash flows from financing activities:      
Proceeds from Issuance of Senior Long-term Debt 1,050,050 0 0
Repayments of senior term loans (532,488) (5,500) (5,500)
Borrowings of revolving credit loans 165,550 35,500 16,000
Repayments of revolving credit loans (76,850) (16,000) (44,000)
Payments of Debt Restructuring Costs (20,520) 0 0
Repayments of Long-term Capital Lease Obligations (235) (124) (215)
Dividend to Holdco (3,780) 0 0
Proceeds from Stock Options Exercised 200 0 0
Proceeds from sale of Holdco stock 0 500 500
Net cash provided by (used for) financing activities 581,927 14,376 (33,215)
Effect of exchange rate changes on cash 1,433 (1,357) (202)
Net increase (decrease) in cash and cash equivalents 18,297 (4,169) 2,721
Cash and cash equivalents at beginning of period 9,937 14,106 11,385
Cash and cash equivalents at end of period $ 28,234 $ 9,937 $ 14,106