XML 33 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 25, 2016
Dec. 27, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ (6,009) $ 41,381 $ 23,944
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 69,335 34,261 34,530
Income tax, non-cash changes (3,395) (4,669) (9,531)
Impairments of long-lived assets and other charges     2,688
Stock-based compensation 2,576 3,618 2,807
Debt amortization 7,328    
Other non-cash items 1,133 812 1,400
Accounts receivable 4,599 8,043 (14,030)
Inventories (1,264) (22,339) 11,509
Other assets and liabilities (8,214) 6,244 2,469
Accounts payable 1,411 15,880 (1,132)
Income taxes (3,790) (4,740) 4,695
NET CASH PROVIDED BY OPERATING ACTIVITIES 63,710 78,491 59,349
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to property, plant and equipment (70,937) (39,575) (39,543)
Acquisition of Uniwheels, net of cash acquired (706,733)    
Proceeds from sales and maturities of investments   200 3,750
Purchase of investments     (950)
Proceeds from sales of fixed assets 56 4,337 1,815
Other     (18)
NET CASH USED IN INVESTING ACTIVITIES (777,614) (35,038) (34,946)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of long-term debt 975,571    
Proceeds from issuance of redeemable preferred shares 150,000    
Debt repayment (323,177)    
Cash dividends paid (19,473) (18,340) (19,082)
Cash paid for common stock repurchase (5,014) (20,719) (19,638)
Payments related to tax withholdings for stock-based compensation (1,687)    
Net increase (decrease) in short term debt (10,877)    
Proceeds from borrowings on revolving credit facility 71,750    
Repayments of borrowings on revolving credit facility (100,650)    
Proceeds from exercise of stock options 41 1,641 7,265
Redeemable preferred shares issuance costs (3,737)    
Financing costs paid (31,640)    
Excess tax benefits from exercise of stock options   91 107
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 701,107 (37,327) (31,348)
Effect of exchange rate changes on cash 1,371 (376) (3,470)
Net increase (decrease) in cash and cash equivalents (11,426) 5,750 (10,415)
Cash and cash equivalents at the beginning of the period 57,786 52,036 62,451
Cash and cash equivalents at the end of the period $ 46,360 $ 57,786 $ 52,036