v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 18,477 $ 470
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 96,440 91,672
Deferred income taxes (1,326) 1,835
Deferred financing and original issue discount amortization 3,807 3,993
Stock-based compensation expense 9,742 9,111
Customer bankruptcy reserve 7,757 0
Loss on debt restructuring (3,008) 0
Refinancing costs 1,554 0
Loss on disposal of property and equipment (56) 0
Change in fair value of contingent consideration 313 2,614
Changes in operating items:    
Increase (Decrease) in Accounts Receivable (22,906) (42,883)
Increase (Decrease) in Inventories 2,036 (92,833)
Increase (Decrease) in Other Operating Assets 142 5,697
Accounts payable 17,822 27,220
Other accrued liabilities 10,729 (9,691)
Net cash provided by operating activities 140,187 171,477
Cash flows from investing activities:    
Payments to Acquire Businesses, Net of Cash Acquired (57,762) (300)
Payments to Acquire Productive Assets 64,196 52,145
Other investing activities (211) (318)
Net cash used for investing activities (122,169) (52,763)
Cash flows from financing activities:    
Repayments of senior term loans (4,255) (86,383)
Financing fees (33) 0
Borrowings on revolving credit loans 77,000 172,000
Repayments of revolving credit loans (77,000) (197,000)
Finance Lease, Principal Payments (2,698) (1,687)
Proceeds from exercise of stock options 8,938 1,600
Payments of contingent consideration (196) (1,175)
Other financing activities (103) 883
Net cash provided by (used for) financing activities 1,653 (111,762)
Effect of exchange rate changes on cash 1,596 1,229
Net increase in cash and cash equivalents 21,267 8,181
Cash and cash equivalents at beginning of period 38,553 31,081
Cash and cash equivalents at end of period 59,820 39,262
Supplemental disclosure of cash flow information:    
Interest paid 30,348 43,843
Income taxes paid 7,967 3,999
Capital expenditures in accounts payable $ 2,200 $ 1,518

Source

10-Q PDF
XBRL