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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 27, 2021
Sep. 28, 2020
Cash flows from operating activities:    
Net income $ 46,027 $ 138,575
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 63,711 97,172
Amortization of definite-lived intangible assets 30,988 34,209
Amortization of debt discount and issuance costs 1,613 14,488
Loss on extinguishment of debt 15,217  
Deferred income taxes 3,704 8,039
Stock-based compensation 12,503 11,961
Impairment of goodwill   69,200
Gain on sale of the Mobility business unit   (237,253)
Other (4,005) (242)
Changes in operating assets and liabilities:    
Accounts receivable, net (7,128) 128,681
Contract assets (52,518) (33,500)
Inventories (24,404) (10,557)
Prepaid expenses and other current assets (12,440) (15,008)
Accounts payable 59,686 15,902
Contract liabilities (1,878) (839)
Accrued salaries, wages and benefits (12,164) (11,804)
Other current liabilities (4,649) 22,661
Net cash provided by operating activities 114,263 231,685
Cash flows from investing activities:    
Proceeds from sale of the Mobility business unit, net of cash disposed   507,466
Purchase of property, plant and equipment and other assets (62,086) (84,042)
Proceeds from sale of property, plant and equipment and other assets 1,017 154
Other   (623)
Net cash (used in) provided by investing activities (61,069) 422,955
Cash flows from financing activities:    
Proceeds from long-term debt borrowing 500,000  
Repayment of long-term debt borrowings (425,838) (400,000)
Payment of debt issuance costs (5,864)  
Proceeds from exercise of stock options   191
Repurchases of common stock (33,262)  
Cash used to settle warrants (3,177)  
Other (7,071) 7,321
Net cash provided by (used in) financing activities 24,788 (392,488)
Effect of foreign currency exchange rates on cash and cash equivalents 269 979
Net increase in cash and cash equivalents 78,251 263,131
Cash and cash equivalents at beginning of period 451,565 400,154
Cash and cash equivalents at end of period 529,816 663,285
Supplemental cash flow information:    
Cash paid, net for interest 36,431 40,540
Cash paid, net for income taxes 3,292 15,856
Net cash provided by operating activities from discontinued operations   39,462
Net cash provided by investing activities from discontinued operations   497,916
Supplemental disclosure of noncash investing and financing activities:    
Property, plant and equipment recorded in accounts payable 37,550 $ 26,914
Issuance of common stock for warrant settlement 2,116  
Repurchases of common stock recorded in accounts payable $ 1,854