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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 01, 2023
Jan. 02, 2022
Jan. 03, 2021
Cash Flows from Operating Activities:      
Net income $ 245.4 $ 238.4 $ 121.3
Adjustments to reconcile Net income to net cash provided by operating activities:      
Amortization of finance lease right-of-use assets and depreciation 51.6 36.2 29.4
Stock-based compensation 18.3 14.3 10.6
Amortization of software and intangible assets 52.2 46.8 37.8
Amortization of debt related costs 1.1 2.3 4.1
Loss on extinguishment of debt 0.6 0.8 0.0
Gain on sale of equipment (0.8) (0.1) (0.4)
Deferred income taxes (5.2) (3.1) 0.4
Other 2.3 6.5 3.7
Changes in operating assets and liabilities, net of the effects of acquisitions:      
Receivables (44.6) (92.1) 2.8
Inventory (99.3) (156.9) (7.9)
Income tax receivable (7.6) 3.5 0.2
Prepaid expenses and other assets 3.5 (3.2) (11.0)
Accounts payable 8.9 74.4 (4.3)
Accrued expenses and other liabilities (9.2) 43.0 42.7
Net Cash Provided By Operating Activities 217.2 210.8 229.4
Cash Flows from Investing Activities:      
Purchases of property and equipment (27.1) (32.5) (18.6)
Purchases of intangible assets (14.6) (4.5) (7.2)
Acquisitions, net of cash acquired (244.9) (147.2) (159.4)
Proceeds from the sale of property and equipment 2.2 2.2 1.0
Net Cash Used In Investing Activities (284.4) (182.0) (184.2)
Cash Flows from Financing Activities:      
Equity proceeds from common stock 3.6 9.3 271.5
Repurchases of common stock (24.4) 0.0 0.0
Borrowings under term loan 0.0 325.0 0.0
Repayments under term loan (2.6) (338.6) (172.8)
Borrowings on asset-based credit facility 732.8 161.9 285.4
Repayments on asset-based credit facility (632.8) (161.9) (378.2)
Payments of debt issuance costs (2.3) (2.4) 0.0
Payments on finance lease obligations (12.6) (10.4) (8.5)
Payments of acquisition related contingent obligations (10.0) (8.6) (4.8)
Other financing activities (8.3) (4.7) (1.7)
Net Cash Provided By (Used In) Financing Activities 43.4 (30.4) (9.1)
Effect of exchange rate on cash (0.8) 0.1 0.1
Net Change In Cash (24.6) (1.5) 36.2
Cash and cash equivalents:      
Beginning 53.7 55.2 19.0
Ending 29.1 53.7 55.2
Supplemental Disclosures of Cash Flow Information:      
Cash paid during the year for interest 15.5 15.6 27.3
Cash paid during the year for income taxes $ 82.1 $ 55.8 $ 25.2