Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Cash flows from operating activities:    
Net loss $ (9,751) $ (35,268)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 32,365 30,581
Deferred income taxes (8,914) 4,398
Deferred financing and original issue discount amortization 943 935
Stock-based compensation expense 1,145 361
Loss on disposal of property and equipment 0 (473)
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability (4,400) 0
Other non-cash interest and change in value of interest rate swap 2,250 1,113
Changes in operating items:    
Accounts receivable (26,384) (1,288)
Inventories 1,527 6,581
Other assets (1,768) 4,297
Accounts payable 1,072 (9,991)
Other accrued liabilities (5,726) (3,573)
Net cash used in operating activities (17,641) (2,327)
Cash flows from investing activities:    
Payments to Acquire Businesses, Net of Cash Acquired 800 0
Capital expenditures (15,404) (17,380)
Proceeds from sale of property and equipment 0 7,633
Net cash used in investing activities (16,204) (9,747)
Cash flows from financing activities:    
Repayments of senior term loans (2,652) (5,305)
Borrowings on revolving credit loans 46,500 12,500
Repayments of revolving credit loans (12,000) (8,200)
Principal payments under finance and capitalized lease obligations 206 142
Principal payments under finance and capitalized lease obligations   (142)
Net cash provided by (used in) financing activities 31,642 (1,147)
Effect of exchange rate changes on cash (610) 14
Net decrease in cash and cash equivalents (2,813) (13,207)
Cash and cash equivalents at beginning of period 19,973 28,234
Cash and cash equivalents at end of period 17,160 15,027
Supplemental disclosure of cash flow information:    
Interest paid 26,841 34,339
Income Taxes Paid, Net (18) 1,000
11.6% Junior Subordinated Debentures - Preferred    
Supplemental disclosure of cash flow information:    
Interest paid $ 4,077 $ 3,057