XML 50 R7.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 25, 2020
Apr. 27, 2019
Statement of Cash Flows [Abstract]    
Interest Paid, Excluding Capitalized Interest, Operating Activities $ 8,510 $ 7,474
Gain (Loss) on Extinguishment of Debt 12,504 0
Extinguishment of 0.75% senior notes (167,003) 0
Proceeds From Redemption Of Discount on Debt Instrument [Abstract] 20,040 0
Proceeds from Derivative Instrument, Financing Activities 341 0
Purchase of warrants (397) 0
Cash flows from operating activities:    
Net (loss) income (32,418) 14,279
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 45,871 46,341
Non-cash lease expense 7,921 7,390
Deferred income tax (benefit) provision (8,710) 5,579
Stock-based compensation 2,322 3,479
Provision for bad debt (recovery), net 118 (10,311)
Gain on sale of fixed assets (1,788) (6,738)
Amortization of debt discount 4,341 4,932
Amortization of debt issuance costs and other 951 985
Goodwill impairment charge 53,264 0
Change in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net (54,134) (76,297)
Contract assets, net (13,763) (84,031)
Other current assets and inventories (11,337) (16,994)
Other assets 2,019 37,323
Income taxes receivable/payable 11,518 730
Accounts payable 80,319 18,300
Accrued liabilities, insurance claims, operating lease liabilities, and other liabilities 11,171 (1,089)
Net cash provided by (used in) operating activities 85,161 (56,122)
Cash flows from investing activities:    
Capital expenditures (20,701) (45,768)
Proceeds from sale of assets 2,400 7,362
Net cash used in investing activities (18,301) (38,406)
Proceeds from Long-term Lines of Credit 675,000 0
Cash flows from financing activities:    
Principal payments on senior credit agreement, including term loans (5,625) 0
Exercise of stock options 242 106
Restricted stock tax withholdings (326) (841)
Net cash provided by (used in) financing activities 522,272 (735)
Net increase (decrease) in cash and equivalents and restricted cash 589,132 (95,263)
Cash, cash equivalents and restricted cash at beginning of period 59,869 134,151
Cash, cash equivalents and restricted cash at end of period 649,001 38,888
SUPPLEMENTAL DISCLOSURE OF OTHER CASH FLOW ACTIVITIES AND NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Cash paid for taxes, net 52 814
Purchases of capital assets included in accounts payable or other accrued liabilities at period end 2,933 8,054
Gain (Loss) on Extinguishment of Debt $ 12,504 0
0.75% Convertible Senior Notes Due 2021 [Member]    
Debt Instrument, Interest Rate, Stated Percentage 0.75%  
Gain (Loss) on Extinguishment of Debt $ 12,500  
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Amortization of debt discount 4,300 $ 4,900
Cash flows from financing activities:    
Principal payments on senior credit agreement, including term loans (147,000)  
SUPPLEMENTAL DISCLOSURE OF OTHER CASH FLOW ACTIVITIES AND NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Gain (Loss) on Extinguishment of Debt $ 12,500