Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Cash flows from operating activities:    
Net loss $ (12,355) $ (19,841)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 61,934 64,460
Deferred income taxes (4,709) (4,771)
Deferred financing and original issue discount amortization 1,800 1,879
Stock-based compensation expense 3,537 2,669
Asset impairment 0 210
(Gain) on disposal of property and equipment 0 (337)
Change in fair value of contingent consideration (1,212) (1,300)
Other non-cash interest and change in value of interest rate swap (1,424) 1,942
Changes in operating items:    
Accounts receivable (23,547) (61,318)
Inventories (73,049) 592
Other assets (15,786) 1,307
Accounts payable 22,443 4,475
Other accrued liabilities (17,471) 21,690
Net cash provided by (used for) operating activities (59,839) 11,657
Cash flows from investing activities:    
Payments to Acquire Businesses, Net of Cash Acquired 39,102 800
Capital expenditures (22,684) (22,196)
Net cash used for investing activities (61,786) (22,996)
Cash flows from financing activities:    
Repayments of senior term loans (5,304) (5,304)
Borrowings on senior term loans 35,000 0
Financing fees (1,027) 0
Borrowings on revolving credit loans 128,000 66,000
Repayments of revolving credit loans (42,000) (50,000)
Principal payments under finance and capitalized lease obligations (460) (411)
Proceeds from exercise of stock options 1,761 0
Net cash provided by financing activities 115,970 10,285
Effect of exchange rate changes on cash 390 (315)
Net decrease in cash and cash equivalents (5,265) (1,369)
Cash and cash equivalents at beginning of period 21,520 19,973
Cash and cash equivalents at end of period 16,255 18,604
Supplemental disclosure of cash flow information:    
Interest paid 34,439 33,922
Income Taxes Paid, Net 1,740 100
11.6% Junior Subordinated Debentures - Preferred    
Supplemental disclosure of cash flow information:    
Interest paid $ 6,115 $ 4,076