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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 27, 2021
Mar. 28, 2020
Cash flows from operating activities    
Consolidated net income $ 65,238 $ 33,951
Reconciliation of consolidated net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 11,775 11,119
Stock-based compensation expense 2,109 1,985
Provision for doubtful accounts receivable 1,631 1,100
Loss from unconsolidated affiliates 1,649 6,115
(Gain) loss on disposals of properties (936) 32
Impairment charges 0 3,035
Deferred income tax expense 142 213
Changes in assets and liabilities, net of effects of businesses acquired:    
Receivables (89,972) (46,291)
Inventories (45,590) 17,450
Other assets 1,230 8,010
Current liabilities 33,941 (10,821)
Other liabilities (3,703) (1,643)
Other, net (95) 3,796
Net cash (used in) provided by operating activities (22,581) 28,051
Cash flows from investing activities    
Capital expenditures (9,227) (17,094)
Acquisition of businesses, net of cash acquired (14,029) (15,407)
Proceeds from sales of assets 1,730 0
Net cash used in investing activities (21,526) (32,501)
Cash flows from financing activities    
Repurchase of common stock 0 (5,574)
Issuance of debt 100,000 110,000
Repayments of debt (35,288) (20,572)
Issuance of debt by consolidated joint ventures, net 45 189
Net cash received to settle stock-based awards 221 464
Net cash provided by financing activities 64,978 84,507
Effect of exchange rate changes on cash 784 (6,135)
Increase in cash, cash equivalents, and restricted cash 21,655 73,922
Cash, cash equivalents, and restricted cash at the beginning of the period 127,376 98,042
Cash, cash equivalents, and restricted cash at the end of the period $ 149,031 $ 171,964