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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jul. 02, 2021
Jun. 28, 2020
Jul. 02, 2021
Jun. 28, 2020
Dec. 31, 2020
Cash Flows from Operating Activities:          
Net income $ 48,180 $ 42,613 $ 101,543 $ 58,214  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation expense from property, plant and equipment and financing leases     76,264 74,878  
Amortization of intangible assets and deferred proceeds, net     11,619 11,518  
Fair value adjustment of acquisition related contingent consideration     56,981 15,260  
Impairment of property, plant and equipment     3,200 1,350  
Loss on sale of property, plant and equipment     2,457 1,416  
Deferred income taxes     2,293 21,670  
Amortization of debt costs     549 494  
Change in current assets less current liabilities     24,332 20,935  
Change in other noncurrent assets     6,325 13,420  
Change in other noncurrent liabilities     (14,178) 9,848  
Total adjustments     169,842 170,789  
Net cash provided by operating activities     271,385 229,003  
Cash Flows from Investing Activities:          
Additions to property, plant and equipment     (80,308) (72,886)  
Other distribution agreements     (1,998) 0  
Investment in CONA Services LLC     (1,724) (1,582)  
Proceeds from the sale of property, plant and equipment     1,678 1,764  
Net cash used in investing activities     (82,352) (72,704)  
Cash Flows from Financing Activities:          
Borrowings under revolving credit facility     55,000 235,000  
Payments on revolving credit facility     0 (280,000)  
Payments on term loan facility     (217,500) (15,000)  
Payments of acquisition related contingent consideration     (19,920) (20,531)  
Cash dividends paid     (4,687) (4,686)  
Payments on financing lease obligations     (2,368) (3,001)  
Debt issuance fees     (147) (145)  
Net cash used in financing activities     (189,622) (88,363)  
Net increase (decrease) in cash during period     (589) 67,936  
Cash at beginning of period     54,793 9,614 $ 9,614
Cash at end of period $ 54,204 $ 77,550 54,204 77,550 $ 54,793
Significant non-cash investing and financing activities:          
Additions to property, plant and equipment accrued and recorded in accounts payable, trade     16,734 11,900  
Right-of-use assets obtained in exchange for operating lease obligations     $ 7,353 $ 32,224