v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jul. 04, 2025
Jun. 28, 2024
OPERATING ACTIVITIES:    
Net income (loss) $ (257,029) $ 1,911
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Goodwill impairment 262,129 0
Depreciation and amortization 43,707 40,854
Provision for inventory reserve (592) 572
Stock-based compensation 7,917 6,109
Amortization of acquired inventory step-up 342 4,485
Amortization of loan fees 2,704 1,540
Amortization of deferred gains on prior swap settlements (783) (2,126)
Proceeds from interest rate swap settlements 2,224 1,434
Asset impairment 789 0
Loss (gain) on disposal of property and equipment 965 (27)
Deferred taxes (5,082) (184)
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital [Abstract]    
Accounts receivable (15,396) 12,003
Inventory 1,775 (7,809)
Income taxes (3,996) (23,172)
Prepaids and other assets 17,572 (37,107)
Accounts payable (19,412) 34,633
Accrued expenses and other liabilities (366) 2,921
Net cash provided by operating activities 37,468 36,037
INVESTING ACTIVITIES:    
Acquisitions of businesses, net of cash acquired 0 (5,041)
Acquisition of other assets, net of cash acquired 0 (350)
Purchases of property and equipment (19,412) (21,188)
Net cash used in investing activities (19,412) (26,579)
FINANCING ACTIVITIES:    
Proceeds from revolver 57,000 119,000
Payments on revolver (53,000) (295,000)
Proceeds from issuance of debt 0 200,000
Repayment of term debt (12,142) (7,143)
Purchase and retirement of common stock 0 (25,000)
Repurchases from stock compensation program, net (1,251) (2,545)
Net cash used in financing activities (9,393) (10,688)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 1,114 (166)
CHANGE IN CASH AND CASH EQUIVALENTS 9,777 (1,396)
CASH AND CASH EQUIVALENTS—Beginning of period 71,674 83,642
CASH AND CASH EQUIVALENTS—End of period 81,451 82,246
Interest and Income Taxes Paid [Abstract]    
Income tax payment 8,257 21,548
Interest 25,380 29,081
Amounts included in the measurement of lease liabilities 10,453 8,953
Cash Flow, Noncash Operating Activities Disclosure [Abstract]    
Right-of-use assets obtained in exchange for lease obligations 2,524 23,045
Capital expenditures included in accounts payable $ 1,028 $ 1,064