Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 26, 2020
Dec. 28, 2019
Dec. 29, 2018
Cash flows from operating activities:      
Net loss $ (24,499) $ (85,479) $ (58,681)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 126,915 124,568 90,632
Loss (gain) on dispositions of property and equipment 161 (573) (5,988)
Impairment of long lived assets 210 7,887 837
Deferred income taxes (9,462) (23,586) (10,566)
Deferred financing and original issue discount amortization 3,722 3,726 2,455
Refinancing costs 0 0 11,632
Stock-based compensation expense 5,125 2,981 1,590
Change in fair value of contingent consideration (3,515) 0 0
Other non-cash interest and change in value of interest rate swap 601 2,608 607
Changes in operating items:      
Accounts receivable (32,417) 22,863 7,934
Inventories (67,147) (3,205) (68,978)
Other assets (10,743) 2,878 (1,496)
Accounts payable 76,031 (11,975) 41,092
Other accrued liabilities 27,098 9,666 (3,523)
Net cash provided by operating activities 92,080 52,359 7,547
Cash flows from investing activities:      
Acquisitions of businesses, net of cash acquired (800) (6,135) (500,989)
Capital expenditures (45,274) (57,753) (71,621)
Proceeds from sale of property and equipment 0 10,400 0
Other investing activities 0 0 0
Net cash used for investing activities (46,074) (53,488) (572,610)
Cash flows from financing activities:      
Borrowings on senior term loans, net of discount 0 0 1,050,050
Repayments of senior term loans (10,608) (10,608) (532,488)
Borrowings of revolving credit loans 99,000 43,500 165,550
Repayments of revolving credit loans (140,000) (38,700) (76,850)
Financing fees 0 (1,412) (20,520)
Principal payments under capitalized lease obligations (836) (683) (235)
Dividend to Holdco 0 0 (3,780)
Proceeds from exercise of stock options 7,340 100 200
Proceeds from sale of Holdco stock 0 750 0
Net cash (used for) provided by financing activities (45,104) (7,053) 581,927
Effect of exchange rate changes on cash 645 (79) 1,433
Net increase (decrease) in cash and cash equivalents 1,547 (8,261) 18,297
Cash and cash equivalents at beginning of period 19,973 28,234 9,937
Cash and cash equivalents at end of period $ 21,520 $ 19,973 $ 28,234