Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 27, 2021
Mar. 28, 2020
Cash flows from operating activities:    
Net loss $ (8,970) $ (14,804)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 31,250 32,365
Deferred income taxes (5,955) (3,861)
Deferred financing and original issue discount amortization 904 943
Stock-based compensation expense 1,741 1,145
Change in fair value of contingent consideration 0 (4,400)
Other non-cash interest and change in value of interest rate swap (673) 2,250
Changes in operating items:    
Accounts receivable (15,155) (26,384)
Inventories (55,407) 1,527
Other assets (5,405) (1,768)
Accounts payable 18,485 1,072
Other accrued liabilities (6,204) (5,726)
Net cash used by operating activities (45,389) (17,641)
Cash flows from investing activities:    
Payments to Acquire Businesses, Net of Cash Acquired 0 800
Capital expenditures (9,077) (15,404)
Net cash used in investing activities (9,077) (16,204)
Cash flows from financing activities:    
Repayments of senior term loans (2,652) (2,652)
Borrowings on revolving credit loans 62,000 46,500
Repayments of revolving credit loans (14,000) (12,000)
Principal payments under finance and capitalized lease obligations (227) (206)
Proceeds from exercise of stock options 1,643 0
Net cash provided by financing activities 46,764 31,642
Effect of exchange rate changes on cash 94 (610)
Net decrease in cash and cash equivalents (7,608) (2,813)
Cash and cash equivalents at beginning of period 21,520 19,973
Cash and cash equivalents at end of period 13,912 17,160
Supplemental disclosure of cash flow information:    
Interest paid 22,156 26,841
Income Taxes Paid, Net 8 (18)
11.6% Junior Subordinated Debentures - Preferred    
Supplemental disclosure of cash flow information:    
Interest paid $ 3,057 $ 4,077