XML 26 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 27, 2024
Dec. 29, 2023
Dec. 30, 2022
Cash flows from operating activities:      
Net income $ 55,479 $ 34,590 $ 27,750
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 40,562 32,887 24,332
Amortization of intangible assets 24,372 22,719 13,913
Provision for allowance for credit losses 11,982 8,078 6,048
Provision for deferred income taxes 1,464 8,114 9,601
Loss on debt extinguishment 685 0 14,287
Stock compensation 17,778 20,042 13,602
Change in fair value of contingent earn-out liabilities (3,266) 3,081 8,505
Intangible asset impairment 0 1,838 0
Non-cash interest and other operating activities 5,459 5,456 3,037
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable (44,812) (48,813) (48,229)
Inventories (32,205) (28,759) (49,931)
Prepaid expenses and other current assets (6,036) (7,234) (17,603)
Accounts payable, accrued liabilities and accrued compensation 87,312 19,598 19,163
Other assets and liabilities (5,713) (9,958) (1,341)
Net cash provided by operating activities 153,061 61,639 23,134
Cash flows from investing activities:      
Capital expenditures (49,506) (57,427) (45,848)
Cash paid for acquisitions, net of cash acquired (315) (121,884) (186,175)
Net cash used in investing activities (49,821) (179,311) (232,023)
Cash flows from financing activities:      
Payment of debt and other financing obligations (22,995) (29,000) (327,741)
Payment of finance leases (7,057) (4,327) (3,332)
Proceeds from debt issuance 0 0 587,500
Payment of deferred financing fees 0 (1,739) (19,039)
Common stock repurchases (17,393) 0 0
Proceeds from exercise of stock options 175 55 69
Surrender of shares to pay withholding taxes (7,412) (2,134) (2,674)
Cash paid for contingent earn-out liabilities (3,800) (11,625) (3,788)
Borrowings under asset-based loan and revolving credit facilities 46,430 60,000 42,220
Payments under asset-based loan and revolving credit facilities (26,430) (2,220) (20,000)
Net cash (used in) provided by financing activities (38,482) 9,010 253,215
Effect of foreign currency on cash and cash equivalents 19 (260) (681)
Net change in cash and cash equivalents 64,777 (108,922) 43,645
Cash and cash equivalents at beginning of year 49,878 158,800 115,155
Cash and cash equivalents at end of year $ 114,655 $ 49,878 $ 158,800