XML 18 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 27, 2021
Mar. 28, 2020
Operating Activities    
Net income (loss) $ (27,027) $ (24,127)
Income (loss) from discontinued operations 0 (708)
Adjustments to reconcile income (loss) from continuing operations to cash provided by operating activities:    
Depreciation and amortization 36,489 37,842
Stock-based incentive compensation expense (653) 1,943
Deferred income tax expense (benefit) 61,698 17,381
Net periodic benefit cost of pension and other postretirement plans 2,250 2,677
Unrealized loss (gain) on derivative instruments 0 6,792
Unrealized loss (gain) from foreign currency 1,599 (11,368)
Other 879 275
Changes in operating assets and liabilities:    
Receivables (6,580) (10,686)
Inventories (63,133) (24,924)
Accounts payable (256) (1,518)
Accrued liabilities 27,375 20,707
All other operating activities 7,156 (25,292)
Contributions to pension and other postretirement plans (1,582) (1,944)
Cash Provided by (Used for) Operating Activities-continuing operations 38,215 (12,950)
Cash Provided by (Used for) Operating Activities-discontinued operations 0 204
Cash Provided by (Used for) Operating Activities 38,215 (12,746)
Investing Activities    
Capital expenditures, net (19,525) (12,582)
Investment in equity method investment (987) 0
Cash Used for Investing Activities (20,512) (12,582)
Financing Activities    
Revolving credit facility and other borrowings 0 7,592
Repayment of long-term debt (1,549) (1,786)
Short-term financing, net (520) 0
Common stock repurchased (1,420) (438)
Cash Provided by (Used for) Financing Activities (3,489) 5,368
Cash and Cash Equivalents    
Change in cash and cash equivalents 14,214 (19,960)
Net effect of foreign exchange on cash and cash equivalents (1,117) (1,393)
Balance, beginning of year 93,653 64,025
Balance, end of period $ 106,750 $ 42,672