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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 02, 2022
Jan. 03, 2021
Dec. 29, 2019
OPERATING ACTIVITIES:      
Net income (loss) $ 55,234 $ (71,929) $ 79,200
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation and amortization 46,345 45,920 44,932
Stock compensation amortization expense (benefit) 5,467 (502) 8,691
Loss on disposal of fixed assets 4,427 4,996 0
Bad debt expense (263) 3,843 1,206
Deferred income taxes and other (16,379) (20,794) (9,497)
Amortization of acquired intangible assets 5,636 5,457 5,903
Goodwill and intangible asset impairment charge 0 121,258 0
Working capital changes:      
Accounts receivable (36,096) 40,090 (930)
Inventories (47,074) 38,667 2,573
Prepaid expenses and other current assets (4,800) 12,967 (9,691)
Accounts payable and accrued expenses 74,192 (60,903) 19,381
Cash provided by operating activities 86,689 119,070 141,768
INVESTING ACTIVITIES:      
Capital expenditures (28,071) (62,949) (74,647)
Other 0 1,260 425
Cash used in investing activities (28,071) (61,689) (74,222)
FINANCING ACTIVITIES:      
Revolving loan borrowing 76,000 110,000 90,000
Revolving loan repayments (71,500) (131,024) (87,664)
Term loan repayments (60,485) (304,425) (24,028)
Proceeds from issuance of Senior Notes due 2028 0 300,000 0
Repurchase of common stock 0 0 (25,154)
Dividends paid (2,362) (5,565) (15,358)
Tax withholding payments for share-based compensation (193) (1,511) (3,278)
Debt issuance costs (36) (7,896) 0
Payments for debt extinguishment costs 0 (660) 0
Proceeds from issuance of common stock 0 93 60
Finance lease payments (2,282) (1,727) (1,255)
Cash used in financing activities (60,858) (42,715) (66,677)
Net cash provided by (used in) operating, investing and financing activities (2,240) 14,666 869
Effect of exchange rate changes on cash (3,561) 7,086 (557)
CASH AND CASH EQUIVALENTS:      
Net increase (decrease) (5,801) 21,752 312
Balance, beginning of year 103,053 81,301 80,989
Balance, end of year $ 97,252 $ 103,053 $ 81,301