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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash flows from operating activities:    
Net income (loss) $ 11,043 $ (4,587)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 63,138 61,655
Deferred income taxes (1,706) (5,232)
Deferred financing and original issue discount amortization 2,551 2,663
Stock-based compensation expense 6,484 6,044
Loss on debt restructuring (3,008) 0
Refinancing costs 1,554 0
Loss on disposal of property and equipment (56) (123)
Change in fair value of contingent consideration 780 4,167
Changes in operating items:    
Increase (Decrease) in Accounts Receivable (28,413) (43,458)
Increase (Decrease) in Inventories 10,929 (62,208)
Increase (Decrease) in Other Operating Assets 4,409 4,514
Accounts payable 28,683 43,845
Other accrued liabilities 7,744 (7,868)
Net cash provided by operating activities 76,476 115,046
Cash flows from investing activities:    
Payments to Acquire Businesses, Net of Cash Acquired (23,783) (300)
Payments to Acquire Productive Assets 40,078 37,029
Other investing activities (153) (225)
Net cash used for investing activities (64,014) (37,554)
Cash flows from financing activities:    
Repayments of senior term loans (4,255) (4,255)
Financing fees (33) 0
Borrowings on revolving credit loans 65,000 58,000
Repayments of revolving credit loans (65,000) (122,000)
Finance Lease, Principal Payments (1,758) (1,039)
Proceeds from exercise of stock options 6,379 611
Payments of contingent consideration (133) (1,125)
Other financing activities 570 (155)
Net cash provided by (used for) financing activities 770 (69,963)
Effect of exchange rate changes on cash 2,231 (954)
Net increase in cash and cash equivalents 15,463 6,575
Cash and cash equivalents at beginning of period 38,553 31,081
Cash and cash equivalents at end of period 54,016 37,656
Supplemental disclosure of cash flow information:    
Interest paid 22,365 29,975
Income taxes paid 3,291 1,568
Capital expenditures in accounts payable $ 1,873 $ 1,284

Source

10-Q PDF
XBRL