Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash flows from operating activities:    
Net loss $ (3,318) $ (69,290)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 95,269 92,854
Deferred income taxes (9,182) (2,522)
Deferred financing and original issue discount amortization 2,805 2,779
Stock-based compensation expense 3,818 1,906
Asset impairment 210 6,896
Gain on disposal of property and equipment (23) (123)
Change in fair value of contingent consideration (1,300) 0
Other non-cash interest and change in value of interest rate swap 1,245 3,217
Changes in operating items:    
Accounts receivable (60,470) (4,707)
Inventories (16,793) (13,232)
Other assets (15,276) 2,212
Accounts payable 42,201 4,508
Other accrued liabilities 28,402 10,369
Net cash provided by operating activities 67,588 34,867
Cash flows from investing activities:    
Payments to Acquire Businesses, Net of Cash Acquired 800 6,135
Capital expenditures (29,182) (41,097)
Proceeds from sale of property and equipment 0 9,929
Net cash used in investing activities (29,982) (37,303)
Cash flows from financing activities:    
Repayments of senior term loans (7,956) (7,956)
Borrowings on revolving credit loans 78,000 27,500
Repayments of revolving credit loans (94,000) (32,700)
Principal payments under finance and capitalized lease obligations (624) (484)
Proceeds from sale of Holdco stock 0 750
Net cash used by financing activities (24,580) (12,890)
Effect of exchange rate changes on cash (63) 34
Net increase (decrease) in cash and cash equivalents 12,963 (15,292)
Cash and cash equivalents at beginning of period 19,973 28,234
Cash and cash equivalents at end of period 32,936 12,942
Supplemental disclosure of cash flow information:    
Interest paid 59,147 77,340
Income Taxes Paid, Net 475 700
11.6% Junior Subordinated Debentures - Preferred    
Supplemental disclosure of cash flow information:    
Interest paid $ 9,272 $ 9,172