XML 19 R8.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 27, 2019
Apr. 28, 2018
OPERATING ACTIVITIES:    
Net income $ 14,279 $ 17,231
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisitions:    
Depreciation and amortization 46,341 43,355
Non-cash lease expense 7,390 0
Deferred income tax provision 5,579 5,383
Stock-based compensation 3,479 4,863
Provision for bad debt (recovery), net (10,311) (24)
Gain on sale of fixed assets (6,738) (8,415)
Amortization of debt discount 4,932 4,672
Amortization of debt issuance costs and other 985 887
Change in operating assets and liabilities:    
Accounts receivable, net (76,297) (8,552)
Contract assets, net (84,031) (44,133)
Other current assets and inventories (16,994) (10,533)
Other assets 37,323 (212)
Income taxes receivable/payable 730 (568)
Accounts payable 18,300 13,169
Accrued liabilities, insurance claims, operating lease liabilities, and other liabilities (1,089) 7,454
Net cash provided by operating activities (56,122) 24,577
INVESTING ACTIVITIES:    
Cash paid for acquisitions, net of cash acquired 0 (20,917)
Capital expenditures (45,768) (34,497)
Proceeds from sale of assets 7,362 8,011
Other investing activities 0 1,576
Net cash used in investing activities (38,406) (45,827)
FINANCING ACTIVITIES:    
Principal payments on senior credit agreement, including term loans 0 (4,813)
Exercise of stock options 106 67
Restricted stock tax withholdings (841) (87)
Net cash used in financing activities (735) (4,833)
Net decrease in cash and equivalents and restricted cash (95,263) (26,083)
CASH AND EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 134,151 90,182
CASH AND EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 38,888 64,099
SUPPLEMENTAL DISCLOSURE OF OTHER CASH FLOW ACTIVITIES AND NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Cash paid for interest 7,474 5,415
Cash paid for taxes, net 814 2,322
Purchases of capital assets included in accounts payable or other accrued liabilities at period end $ 8,054 6,769
0.75% Convertible Senior Notes Due 2021 [Member]    
Debt Instrument, Interest Rate, Stated Percentage 0.75%  
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisitions:    
Amortization of debt discount $ 4,900 $ 4,700