XML 22 R8.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 02, 2021
Dec. 28, 2019
Dec. 29, 2018
Operating activities      
Net earnings (loss) $ 77,518 $ (758) $ (109,205)
Earnings from discontinued operations 124,820 12,322 18,265
Loss from continuing operations (47,302) (13,080) (127,470)
Items not affecting cash:      
Depreciation and amortization 30,308 29,266 28,159
Amortization of debt issuance costs 4,078 2,721 2,536
Deferred income taxes 7,553 1,075 (7,020)
Stock-based compensation 11,676 6,340 6,773
Loss on foreign currency forward contract 12,658 0 0
Impairment of long-lived assets 7,803 0 409
Loss on retirement of debt 8,915 0 0
Gain on sale of business 0 (44,027) 0
Goodwill impairment 0 0 81,222
Reserve for notes receivable 0 0 2,232
Other (157) (34) (210)
Changes in operating assets and liabilities, net of businesses sold 17,131 731 19,369
Net cash provided by (used in) operating activities of continuing operations 52,663 (17,008) 6,000
Net cash provided by (used in) operating activities of discontinued operations 39,033 26,817 (17,141)
Net cash provided by (used in) operating activities 91,696 9,809 (11,141)
Investing activities      
Purchases of property, plant and equipment (24,754) (28,387) (26,867)
Cash settlement of foreign currency forward contract (12,658) 0 0
Net proceeds from sale of businesses 0 63,324 1,236
Proceeds from sale of assets 0 0 1,437
Other 41 0 159
Net cash provided by (used in) investing activities of continuing operations (37,371) 34,937 (24,035)
Net cash provided by (used in) investing activities of discontinued operations 361,889 (7,718) (4,736)
Net cash provided by (used in) investing activities 324,518 27,219 (28,771)
Financing activities      
Increase (decrease) under revolving credit facilities (175,990) (11,290) 24,212
Repayment of long-term debt, including premium paid (231,431) (1,281) (592)
Borrowings of long-term debt 5,179 637 0
Payment of debt issuance costs (4,888) (412) 0
Proceeds on issuance of Series B-1 Preferred Stock, net of issuance costs 26,804 0 0
Payment of cash dividends on preferred stock (4,078) (6,800) (6,800)
Proceeds from the exercise of stock options and employee share purchases 2,048 979 1,941
Payment of withholding taxes on stock-based awards (4,080) (394) (632)
Other (185) (19) (292)
Net cash provided by (used in) financing activities of continuing operations (386,621) (18,580) 17,837
Net cash provided by (used in) financing activities of discontinued operations (31,063) (20,183) 22,197
Net cash provided by (used in) financing activities (417,684) (38,763) 40,034
Increase (decrease) in cash and cash equivalents during the year (1,470) (1,735) 122
Cash and cash equivalents of discontinued operations:      
Balance at the beginning of the year 1,370 2,501 2,251
Foreign exchange gain (loss) on cash and cash equivalents 223 (47) (70)
Less: Balance at the end of year 0 (1,370) (2,501)
Cash and cash equivalents, beginning of the year 128 779 977
Cash and cash equivalents, end of the year $ 251 $ 128 $ 779