XML 49 R8.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Cash flows from operating activities:      
Net (loss) income $ (151.5) $ (304.9) $ 81.5
Loss from discontinued operations, net of tax (359.2) (321.1) (26.2)
Net income from continuing operations, net of tax 207.7 16.2 107.7
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 38.8 48.5 38.9
Stock-based compensation 35.8 36.1 6.1
Amortization of debt issuance costs 3.0 1.9 1.9
Loss on disposal of inventory, equipment and other assets 7.0 96.8 0.8
Provision for credit losses 3.0 1.2 1.1
Benefit from deferred income taxes 11.8 (23.3) (19.8)
Changes in operating assets and liabilities:      
(Increase) decrease in trade accounts receivable 2.2 (55.3) 54.4
(Increase) decrease in related party receivable (0.7) (7.0) 4.0
(Increase) decrease in inventories (112.1) (22.5) (106.4)
(Increase) decrease in other current assets 11.5 7.8 31.2
(Increase) decrease in lease receivable, net 15.7 12.7 1.7
(Increase) decrease in deferred costs and other contract assets (2.5) (3.9) (14.6)
(Increase) decrease in other non-current assets 5.5 (2.0) 3.9
Increase (decrease) in accounts payable (27.1) 10.6 (8.4)
Increase (decrease) in accrued compensation 12.2 22.2 (11.8)
Increase (decrease) in deferred revenue and other contract-related liabilities 3.7 17.9 8.8
Increase (decrease) in income taxes payable 3.9 (5.4) 0.2
Increase (decrease) in accrued liabilities (7.3) 15.6 0.3
Increase (decrease) in other non-current liabilities 5.1 (5.6) (0.4)
Net cash provided by (used in) operating activities from continuing operations 217.2 162.5 99.6
Net cash provided by (used in) operating activities from discontinued operations 0.6 33.9 (5.5)
Net cash provided by (used in) operating activities 217.8 196.4 94.1
Cash flows from investing activities:      
Purchases of property and equipment (19.4) (21.1) (38.4)
Proceeds from the disposal of property and equipment 19.6 13.5 0.0
Increase in intangible assets (5.3) (17.2) (23.4)
Other strategic investing activities 1.7 (0.1) (1.0)
Net cash provided by (used in) investing activities from continuing operations (3.4) (24.9) (62.8)
Net cash provided by (used in) investing activities from discontinued operations 278.5 (26.3) (18.4)
Net cash provided by (used in) investing activities 275.1 (51.2) (81.2)
Cash flows from financing activities:      
Borrowings under revolving line of credit and term loan 1,077.4 89.0 173.3
Repayments under revolving line of credit and term loan (1,281.5) (235.8) (238.4)
Proceeds from issuance of common stock 71.4 25.2 7.0
Repurchases of common stock (363.7) 0.0 0.0
Payroll tax withholdings on behalf of employees for stock options (18.0) (11.8) (12.9)
Debt issuance costs (3.7) 0.0 0.0
Net cash provided by (used in) financing activities from continuing operations (518.1) (133.4) (71.0)
Net cash provided by (used in) financing activities from discontinued operations (2.6) 7.8 13.9
Net cash provided by (used in) financing activities (520.7) (125.6) (57.1)
Effect of foreign currency exchange rates on cash (0.3) (6.4) 2.8
Net increase in cash, cash equivalents and restricted cash (28.1) 13.2 (41.4)
Cash, cash equivalents and restricted cash at beginning of period 181.4 168.2 209.6
Cash, cash equivalents and restricted cash at end of period $ 153.3 $ 181.4 $ 168.2