Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 25, 2021
Dec. 26, 2020
Cash flows from operating activities:      
Net loss $ (16,436) $ (38,332) $ (24,499)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:      
Depreciation and amortization 120,010 120,730 126,915
Loss (gain) on dispositions of property and equipment (26) 221 161
Impairment of long lived assets 0 0 210
Deferred income taxes (873) (21,846) (9,462)
Deferred financing and original issue discount amortization 3,582 4,336 3,722
Loss on debt restructuring, net of third party fees paid 0 (8,372) 0
Stock-based compensation expense 13,524 15,255 5,125
Fair Value Adjustment of Warrants 0 (14,734) 0
Change in fair value of contingent consideration (1,128) (1,806) (3,515)
Other non-cash interest and change in value of interest rate swap 0 (1,685) 601
Changes in operating items:      
Accounts receivable 19,889 15,148 (32,417)
Inventories 38,813 (137,849) (67,147)
Other assets 566 3,064 (10,743)
Accounts payable (53,760) (20,253) 76,031
Other accrued liabilities (5,150) (24,131) 27,098
Net cash provided by (used for) by operating activities 119,011 (110,254) 92,080
Cash flows from investing activities:      
Acquisitions of businesses, net of cash acquired (2,500) (38,902) (800)
Capital expenditures (69,589) (51,552) (45,274)
Other investing activities (733) 0 0
Net cash (used for) investing activities (72,822) (90,454) (46,074)
Cash flows from financing activities:      
Borrowings on senior term loans, net of discount 0 883,872 0
Repayments of Secured Debt (10,638) (1,072,042) (10,608)
Borrowings of revolving credit loans 244,000 322,000 99,000
Repayments of revolving credit loans (265,000) (301,000) (140,000)
Repayments of senior term loans 0 (330,000) 0
Financing fees 0 (20,988) 0
Proceeds from reverse recapitalization 0 455,161 0
Proceeds from Issuance of Common Stock 0 363,301 0
Repayments of Subordinated Debt 0 (108,707) 0
Principal payments under finance lease obligations (1,470) (938) (836)
Proceeds from exercise of stock options 2,609 2,670 7,340
Other financing activities 1,777 0 0
Net cash (used for) provided by financing activities (28,722) 193,329 (45,104)
Effect of exchange rate changes on cash (991) 464 645
Net increase (decrease) in cash and cash equivalents 16,476 (6,915) 1,547
Cash and cash equivalents at beginning of period 14,605 21,520 19,973
Cash and cash equivalents at end of period $ 31,081 $ 14,605 $ 21,520