XML 16 R7.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 29, 2023
Jun. 30, 2022
OPERATING ACTIVITIES:    
Net income (loss) $ 4,000 $ (5,942)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Losses on investments in joint ventures 202 134
(Gain) loss on disposition of property, equipment and other assets 777 (355)
Depreciation and amortization 31,870 33,983
Amortization of debt issuance costs 742 826
Share-based compensation 3,687 4,572
Deferred income taxes 780 (1,505)
Other long-term obligations 176 (49)
Contribution of the Company’s stock to savings and profit-sharing plan 1,259 956
Changes in operating assets and liabilities:    
Accounts receivable 895 2,629
Government grants receivable 0 4,335
Other assets (1,796) (4,294)
Operating leases (522) (1,047)
Accounts payable 6,341 551
Income taxes 94 22,720
Taxes other than income taxes 1,670 (347)
Accrued compensation (3,634) (1,595)
Other accrued liabilities 785 (344)
Total adjustments 43,326 61,170
Net cash provided by operating activities 47,326 55,228
INVESTING ACTIVITIES:    
Capital expenditures (15,896) (16,341)
Proceeds from disposals of property, equipment and other assets 46 4,821
Proceeds from sale of trading securities 17 0
Purchase of trading securities (514) 0
Other investing activities (295) 45
Net cash used in investing activities (16,642) (11,475)
Debt transactions:    
Proceeds from borrowings on revolving credit facility 38,000 22,000
Repayment of borrowings on revolving credit facility (38,000) (22,000)
Repayments on short-term borrowings 0 (820)
Principal payments on long-term debt (763) (851)
Debt issuance costs (50) 0
Principal payments on finance lease obligations (1,201) (1,336)
Equity transactions:    
Treasury stock transactions, except for stock options (494) (1,461)
Exercise of stock options 93 79
Dividends paid (3,097) 0
Distributions to noncontrolling interest (824) 0
Net cash used in financing activities (6,336) (4,389)
Net increase in cash, cash equivalents and restricted cash 24,348 39,364
Cash, cash equivalents and restricted cash at beginning of period 24,506 24,054
Cash, cash equivalents and restricted cash at end of period 48,854 63,418
Supplemental Information:    
Interest paid, net of amounts capitalized 4,622 7,054
Income taxes refunded (paid), including interest earned (386) 22,998
Change in accounts payable for additions to property, equipment and other assets $ 2,096 $ 2,003