Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 24, 2022
Sep. 25, 2021
Cash flows from operating activities:    
Net income (loss) $ (2,537) $ (44,879)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 88,382 91,892
Deferred income taxes 5,670 (21,538)
Deferred financing and original issue discount amortization 2,251 3,036
Stock-based compensation expense 10,789 8,817
Loss on change in fair value of warrant liability 0 3,990
Write Off Of Premiums, Net Of Deferred Debt Issuance Cost And Discounts 0 (8,372)
Change in fair value of contingent consideration (2,926) (1,110)
Other non-cash interest and change in fair value of interest rate swap 0 (1,685)
Changes in operating items:    
Accounts receivable, net (19,482) (17,097)
Inventories, net (6,004) (110,065)
Other assets (5,549) 3,003
Accounts payable (34,648) 12,896
Other accrued liabilities 27,171 (24,193)
Net cash provided by (used for) operating activities 63,117 (105,305)
Cash flows from investing activities:    
Acquisition of business, net of cash received (2,500) (39,102)
Capital expenditures (46,431) (36,955)
Net cash used for investing activities (48,931) (76,057)
Cash flows from financing activities:    
Repayments of senior term loans (6,384) (1,072,042)
Borrowings on senior term loans 0 883,872
Proceeds from recapitalization of Landcadia, net of transaction costs 0 455,161
Proceeds from sale of common stock in PIPE, net of issuance costs 0 363,301
Repayments of senior term loans 0 (330,000)
Repayment of Junior Subordinated Debentures 0 (108,707)
Financing fees 0 (20,988)
Borrowings on revolving credit loans 161,000 246,000
Repayments of revolving credit loans (154,000) (244,000)
Principal payments under finance lease obligations (998) (697)
Proceeds from exercise of stock options 1,885 1,761
Proceeds from Issuance of Other Long-Term Debt 1,809 0
Net cash provided by financing activities 1,891 173,661
Effect of exchange rate changes on cash (1,454) 610
Net increase (decrease) in cash and cash equivalents 14,623 (7,091)
Cash and cash equivalents at beginning of period 14,605 21,520
Cash and cash equivalents at end of period 29,228 14,429
Supplemental disclosure of cash flow information:    
Income taxes paid 2,550 1,990
11.6% Junior Subordinated Debentures    
Supplemental disclosure of cash flow information:    
Interest paid 0 7,542
All Debt Excluding 11.6% Subordinated Debentures    
Supplemental disclosure of cash flow information:    
Interest paid $ 30,597 $ 55,624