XML 22 R8.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Operating activities      
Net earnings (loss) $ (4,841) $ (1,172) $ 82,428
Earnings from discontinued operations 4,677 0 124,820
Loss from continuing operations (9,518) (1,172) (42,392)
Items not affecting cash:      
Depreciation and amortization 37,673 34,641 30,308
Amortization of debt issuance costs 1,601 1,353 4,078
Deferred income taxes (4,655) (5,985) 2,643
Stock-based compensation 13,830 9,100 11,676
Loss on sale of sunflower business 23,227 0 0
Gain on sale of frozen fruit processing facility (3,779) 0 0
Impairment of long-lived assets 0 3,206 7,803
Loss on foreign currency forward contract 0 0 12,658
Loss on retirement of debt 0 0 8,915
Other 3,600 1,090 (157)
Changes in operating assets and liabilities, net of sunflower business (1,404) (63,665) 17,131
Net cash provided by (used in) operating activities of continuing operations 60,575 (21,432) 52,663
Net cash provided by operating activities of discontinued operations 0 0 39,033
Net cash provided by (used in) operating activities 60,575 (21,432) 91,696
Investing activities      
Additions to property, plant and equipment (128,626) (58,297) (24,754)
Proceeds from sale of assets 20,293 2,300 0
Net proceeds from sale of sunflower business 7,833 0 0
Additions to intangible assets 0 (25,073) 0
Cash settlement of foreign currency forward contract 0 0 (12,658)
Other 0 0 41
Net cash used in investing activities of continuing operations (100,500) (81,070) (37,371)
Net cash provided by (used in) investing activities of discontinued operations (6,324) (13,380) 361,889
Net cash provided by (used in) investing activities (106,824) (94,450) 324,518
Financing activities      
Increase (decrease) in borrowings under revolving credit facilities (19,821) 106,016 (175,990)
Borrowings of long-term debt 90,907 32,800 5,179
Repayment of long-term debt, including premium paid (20,457) (13,671) (231,431)
Payment of debt issuance costs (735) (2,561) (4,888)
Proceeds from the exercise of stock options and employee share purchases 1,628 7,726 2,048
Payment of withholding taxes on stock-based awards (1,629) (8,718) (4,080)
Payment of cash dividends on preferred stock (2,436) (5,247) (4,078)
Proceeds on issuance of preferred stock, net of issuance costs (756) 0 26,804
Payment of share issuance costs 0 (287) 0
Other 0 0 (185)
Net cash provided by (used in) financing activities of continuing operations 46,701 116,058 (386,621)
Net cash used in financing activities of discontinued operations 0 (200) (31,063)
Net cash provided by (used in) financing activities 46,701 115,858 (417,684)
Increase (decrease) in cash and cash equivalents during the year 452 (24) (1,470)
Cash and cash equivalents of discontinued operations:      
Balance at the beginning of the year 0 0 1,370
Foreign exchange gain on cash and cash equivalents 0 0 223
Less: Balance at the end of year 0 0 0
Cash and cash equivalents, beginning of the year 227 251 128
Cash and cash equivalents, end of the year $ 679 $ 227 $ 251