XML 25 R8.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Oct. 03, 2020
Oct. 05, 2019
Cash flows from operating activities    
Net earnings $ 19,516 $ 15,402
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:    
Non-cash restructuring, asset impairment, and other charges (345) 9,425
Depreciation and amortization 28,091 28,029
Non-cash rent (944) (1,823)
LIFO expense 1,655 1,583
Postretirement benefits expense (income) 960 (224)
Deferred taxes on income 10,967 3,068
Stock-based compensation expense 4,185 2,342
Stock warrant 645  
(Gain) loss on disposals of assets (182) 3,911
Other operating activities 468 376
Changes in operating assets and liabilities:    
Accounts receivable 11,077 (73,854)
Inventories (62,435) 18,957
Prepaid expenses and other assets (3,972) (5,725)
Accounts payable (15,539) 122,168
Accrued payroll and benefits (34,130) 11,569
Income taxes 7,251 (3,862)
Other accrued expenses and other liabilities 954 (2,046)
Net cash (used in) provided by operating activities (31,778) 129,296
Cash flows from investing activities    
Purchases of property and equipment (22,124) (17,893)
Net proceeds from the sale of assets 25,826 3,609
Loans to customers (130) (612)
Payments from customers on loans 693 946
Other investing activities (8) (1)
Net cash provided by (used in) investing activities 4,257 (13,951)
Cash flows from financing activities    
Proceeds from senior secured credit facility 484,142 332,155
Payments on senior secured credit facility (442,559) (423,142)
Repayment of other long-term debt and finance lease liabilities (1,514) (1,957)
Share repurchase   (10,000)
Net payments related to stock-based award activities (2,079) (1,352)
Dividends paid (7,119) (13,904)
Other financing activities 39 (62)
Net cash provided by (used in) financing activities 30,910 (118,262)
Net increase (decrease) in cash and cash equivalents 3,389 (2,917)
Cash and cash equivalents at beginning of period 19,903 24,172
Cash and cash equivalents at end of period $ 23,292 $ 21,255