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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Operating activities    
Net earnings $ 1,672 $ 3,361
Earnings from discontinued operations 0 7,325
Earnings (loss) from continuing operations 1,672 (3,964)
Items not affecting cash:    
Depreciation and amortization 8,043 7,725
Amortization of debt issuance costs 285 939
Deferred income taxes 837 344
Stock-based compensation 3,973 2,211
Other (169) (2)
Changes in operating assets and liabilities (21,656) 16,424
Net cash provided by (used in) operating activities of continuing operations (7,015) 23,677
Net cash provided by operating activities of discontinued operations 0 11,072
Net cash provided by (used in) operating activities (7,015) 34,749
Investing activities    
Purchases of property, plant and equipment (9,297) (9,022)
Proceeds from sale of assets 1,350 0
Net cash used in investing activities of continuing operations (7,947) (9,022)
Net cash used in investing activities of discontinued operations (13,380) (667)
Net cash used in investing activities (21,327) (9,689)
Financing activities    
Increase (decrease) under revolving credit facilities 41,585 (10,413)
Borrowings of long-term debt 486 0
Repayment of long-term debt (4,085) (461)
Payment of debt issuance costs (1,828) (2,073)
Payment of cash dividends on preferred stock (3,420) (1,700)
Proceeds from the exercise of stock options and employee share purchases 2,640 101
Payment of withholding taxes on stock-based awards (6,071) 0
Payment of share issuance costs (262) 0
Other 0 (4)
Net cash provided by (used in) financing activities of continuing operations 29,045 (14,550)
Net cash used in financing activities of discontinued operations (200) (9,322)
Net cash provided by (used in) financing activities 28,845 (23,872)
Increase in cash and cash equivalents in the period 503 1,188
Cash and cash equivalents of discontinued operations:    
Balance at beginning of period 0 1,370
Foreign exchange loss on cash and cash equivalents 0 (16)
Less: balance at end of period 0 (2,437)
Cash and cash equivalent, beginning of the period 251 128
Cash and cash equivalents, end of the period $ 754 $ 233