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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Jan. 02, 2021
Cash flows from operating activities:      
Net income (loss) $ 61,860 $ (787)  
Adjustments to reconcile net income (loss) to cash used in operations:      
Provision for (benefit from) income taxes 21,746 (5,026)  
Depreciation and amortization 7,465 7,635  
Amortization of debt issuance costs 603 956  
Adjustments to debt issuance costs associated with term loan 5,791 0  
Gains from sales of property (1,287) (525)  
Amortization of deferred gains from real estate (984) (984)  
Share-based compensation 1,410 1,004  
Changes in operating assets and liabilities:      
Accounts receivable (125,172) (55,068)  
Inventories (34,315) (32,828)  
Accounts payable 53,812 30,050  
Prepaid and other current assets (1,246) (3,006)  
Other assets and liabilities (14,291) (608)  
Net cash used in operating activities (24,608) (59,187)  
Cash flows from investing activities:      
Proceeds from sale of assets 1,810 44  
Property and equipment investments (1,122) (1,245)  
Net cash provided by (used in) investing activities 688 (1,201)  
Cash flows from financing activities:      
Borrowings on revolving credit facilities 262,210 204,196  
Repayments on revolving credit facilities (191,943) (149,079)  
Repayments on term loan (43,204) (69,238)  
Proceeds from real estate financing transactions 0 78,329  
Debt financing costs (861) (336)  
Repurchase of shares to satisfy employee tax withholdings (56) (7)  
Principal payments on finance lease liabilities (2,129) (2,562)  
Net cash provided by financing activities 24,017 61,303  
Net change in cash 97 915  
Cash at beginning of period 82 11,643 $ 11,643
Cash at end of period 179 12,558 $ 82
Supplemental Cash Flow Information      
Net income tax refunds during the period 0 352  
Interest paid during the period $ 9,971 $ 13,558