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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 02, 2021
Jun. 26, 2020
Cash flows from operating activities:    
Net income $ 34,635 $ 1,925
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, and amortization 19,063 23,522
Amortization of deferred financing costs in interest expense 364 364
Stock-based compensation expense (non-cash) 3,512 3,966
Deferred income tax expense (benefit) 367 (723)
Impairment charges 0 10,766
Changes in assets and liabilities:    
Accounts receivable (13,941) 5,331
Inventory (40,651) (18,446)
Prepaid and other current assets (1,718) (7,264)
Accounts payable and accrued expenses 28,403 (7,634)
Unearned revenue 3,246 (257)
Interest and taxes payable 2,868 1,058
Unearned income due to customer prepayments 8,043 26,713
Other-net (126) (2,888)
Net cash provided by operating activities 44,065 36,433
Cash flows from investing activities:    
Payments for purchase of property, plant, and equipment (57,712) (32,034)
Proceeds from sale of property, plant, and equipment 603 33
Net cash used in investing activities (57,109) (32,001)
Cash flows from financing activities:    
Proceeds from borrowings under revolving credit agreement, net 22,500 150,000
Repayment of long-term debt (1,654) (428)
Principal payments under finance lease obligations (1,512) (626)
Cash dividends paid (4,791) (4,582)
Repurchase of common stock 0 (6,766)
Payments of withholding taxes for stock-based compensation awards (3,021) (2,025)
Net cash provided by financing activities 11,522 135,573
Effects of exchange rate changes (11) 56
Net change in cash and cash equivalents (1,533) 140,061
Cash and cash equivalents at beginning of period 25,878 125,007
Cash and cash equivalents at end of period $ 24,345 $ 265,068