v3.22.2.2
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Cash Flows from Operating Activities:    
Net Loss $ (28,968) $ (27,182)
Adjustments to Reconcile Net Loss to Cash Flows from Operating Activities:    
Depreciation and Amortization 20,905 21,950
Provisions for Non-Cash Losses on Inventory and Receivables 1,033 2,750
Equity-based Compensation Expense 5,178 5,147
Non-Cash Accrued 401K Contribution 3,300 0
Deferred Tax Benefit 0 (145)
Non-Cash Severance Expense 0 182
Operating Lease Non-Cash Expense 4,568 3,783
Non-cash Litigation Provision 2,000 0
Net Gain on Sale of Business, Before Taxes (11,284) 0
Contingent Consideration Liability Fair Value Adjustment 0 (2,200)
Other 2,997 3,010
Cash Flows from Changes in Operating Assets and Liabilities:    
Accounts Receivable (28,196) (15,027)
Inventories (35,444) (3,255)
Accounts Payable 17,595 (1,883)
Accrued Expenses 638 1,733
Other Current Assets and Liabilities (4,015) (666)
Customer Advance Payments and Deferred Revenue 1,990 (2,215)
Income Taxes 14,583 217
Operating Lease Liabilities (5,715) (4,395)
Supplemental Retirement Plan and Other Liabilities (306) (304)
Cash Flows from Operating Activities (39,141) (18,500)
Cash Flows from Investing Activities:    
Proceeds from Sale of Business and Assets 21,981 30
Capital Expenditures (4,283) (4,639)
Cash Flows from Investing Activities 17,698 (4,609)
Cash Flows from Financing Activities:    
Proceeds from Long-term Debt 109,625 20,000
Principal Payments on Long-term Debt (113,625) (10,000)
Stock Award Activity 104 3,187
Finance Lease Principal Payments (85) (878)
Debt Acquisition Costs (968) 0
Cash Flows from Financing Activities (4,949) 12,309
Effect of Exchange Rates on Cash (797) (521)
Decrease in Cash and Cash Equivalents (27,189) (11,321)
Cash and Cash Equivalents at Beginning of Period 29,757 40,412
Cash and Cash Equivalents at End of Period 2,568 29,091
Non-Cash Investing Activities:    
Capital Expenditures in Accounts Payable $ 1,392 $ 0

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