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
 9 Months Ended
Sep. 25, 2021
Sep. 26, 2020
Cash flows from operating activities:    
Net loss $ (44,879) $ (10,537)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 91,892 95,269
Deferred income taxes (21,538) (1,963)
Deferred financing and original issue discount amortization 3,036 2,805
Stock-based compensation expense 8,817 3,818
Loss on change in fair value of warrant liability 3,990 0
Refinancing charges (8,372) 0
Asset impairment 0 210
(Gain) on disposal of property and equipment 0 (23)
Change in fair value of contingent consideration (1,110) (1,300)
Other non-cash interest and change in value of interest rate swap (1,685) 1,245
Changes in operating items:    
Accounts receivable (17,097) (60,470)
Inventories (110,065) (16,793)
Other assets 3,003 (15,276)
Accounts payable 12,896 42,201
Other accrued liabilities (24,193) 28,402
Net cash provided by (used for) operating activities (105,305) 67,588
Cash flows from investing activities:    
Acquisition of business, net of cash received (39,102) (800)
Capital expenditures (36,955) (29,182)
Net cash used for investing activities (76,057) (29,982)
Cash flows from financing activities:    
Repayments of senior term loans (1,072,042) (7,956)
Borrowings on senior term loans 883,872 0
Proceeds from recapitalization of Landcadia, net of transaction costs 455,161 0
Proceeds from sale of common stock in PIPE, net of issuance costs 363,301 0
Repayments of senior term loans (330,000) 0
Repayment of Junior Subordinated Debentures (108,707) 0
Financing fees (20,988) 0
Borrowings on revolving credit loans 246,000 78,000
Repayments of revolving credit loans (244,000) (94,000)
Principal payments under finance and capitalized lease obligations (697) (624)
Proceeds from exercise of stock options 1,761 0
Net cash (used by) provided by financing activities 173,661 (24,580)
Effect of exchange rate changes on cash 610 (63)
Net decrease in cash and cash equivalents (7,091) 12,963
Cash and cash equivalents at beginning of period 21,520 19,973
Cash and cash equivalents at end of period 14,429 32,936
Supplemental disclosure of cash flow information:    
Income taxes paid 1,990 475
11.6% Junior Subordinated Debentures - Preferred    
Supplemental disclosure of cash flow information:    
Interest paid 7,542 9,272
All Debt Excluding 11.6% Subordinated Debentures    
Supplemental disclosure of cash flow information:    
Interest paid $ 55,624 $ 59,147