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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 01, 2022
Jan. 02, 2021
Dec. 28, 2019
Operating activities      
Net earnings (loss) $ (4,144) $ 77,518 $ (758)
Earnings from discontinued operations 0 124,820 12,322
Loss from continuing operations (4,144) (47,302) (13,080)
Items not affecting cash:      
Depreciation and amortization 34,641 30,308 29,266
Amortization of debt issuance costs 1,353 4,078 2,721
Deferred income taxes (2,923) 7,553 1,075
Stock-based compensation 9,100 11,676 6,340
Impairment of long-lived assets 3,206 7,803 0
Loss on foreign currency forward contract 0 12,658 0
Loss on retirement of debt 0 8,915 0
Gain on sale of business 0 0 (44,027)
Other 1,090 (157) (34)
Changes in operating assets and liabilities, net of businesses sold (63,755) 17,131 731
Net cash provided by (used in) operating activities of continuing operations (21,432) 52,663 (17,008)
Net cash provided by operating activities of discontinued operations 0 39,033 26,817
Net cash provided by (used in) operating activities (21,432) 91,696 9,809
Investing activities      
Additions to property, plant and equipment (58,297) (24,754) (28,387)
Additions to intangible assets (25,073) 0 0
Proceeds from sale of assets 2,300 0 0
Cash settlement of foreign currency forward contract 0 (12,658) 0
Net proceeds from sale of businesses 0 0 63,324
Other 0 41 0
Net cash provided by (used in) investing activities of continuing operations (81,070) (37,371) 34,937
Net cash provided by (used in) investing activities of discontinued operations (13,380) 361,889 (7,718)
Net cash provided by (used in) investing activities (94,450) 324,518 27,219
Financing activities      
Increase (decrease) under revolving credit facilities 106,016 (175,990) (11,290)
Borrowings of long-term debt 32,800 5,179 637
Repayment of long-term debt, including premium paid (13,671) (231,431) (1,281)
Payment of debt issuance costs (2,561) (4,888) (412)
Proceeds from the exercise of stock options and employee share purchases 7,726 2,048 979
Payment of withholding taxes on stock-based awards (8,718) (4,080) (394)
Payment of cash dividends on preferred stock (5,247) (4,078) (6,800)
Payment of share issuance costs (287) 0 0
Proceeds on issuance of preferred stock, net of issuance costs 0 26,804 0
Other 0 (185) (19)
Net cash provided by (used in) financing activities of continuing operations 116,058 (386,621) (18,580)
Net cash used in financing activities of discontinued operations (200) (31,063) (20,183)
Net cash provided by (used in) financing activities 115,858 (417,684) (38,763)
Decrease in cash and cash equivalents during the year (24) (1,470) (1,735)
Cash and cash equivalents of discontinued operations:      
Balance at the beginning of the year 0 1,370 2,501
Foreign exchange gain (loss) on cash and cash equivalents 0 223 (47)
Less: Balance at the end of year 0 0 (1,370)
Cash and cash equivalents, beginning of the year 251 128 779
Cash and cash equivalents, end of the year $ 227 $ 251 $ 128