v3.21.2
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Cash Flows from Operating Activities:    
Net Loss $ (20,008) $ (90,542)
Adjustments to Reconcile Net Loss to Cash Flows from Operating Activities:    
Depreciation and Amortization 14,879 16,052
Provisions for Non-Cash Losses on Inventory and Receivables 2,145 3,297
Equity-based Compensation Expense 3,701 2,806
Deferred Tax (Benefit) Expense (153) 1,190
Non-cash Severance Expense 0 4,669
Operating Lease Non-Cash Expense 2,343 2,236
Non-cash Litigation Provision 0 1,450
Equity Investment Other Than Temporary Impairment 0 3,493
Impairment Loss 0 87,016
Contingent Consideration Liability Fair Value Adjustment (2,200) 0
Other 2,105 4,459
Cash Flows from Changes in Operating Assets and Liabilities:    
Accounts Receivable (5,281) 43,417
Inventories 720 (12,778)
Accounts Payable 4,210 (446)
Accrued Expenses (946) (12,473)
Other Current Assets and Liabilities (70) (1,983)
Customer Advance Payments and Deferred Revenue (927) (4,221)
Income Taxes (51) (3,667)
Operating Lease Liabilities (2,606) (2,222)
Supplemental Retirement and Other Liabilities (199) (204)
Cash Flows from Operating Activities (2,338) 41,549
Cash Flows from Investing Activities:    
Capital Expenditures (3,566) (3,905)
Proceeds on Sale of Assets 0 1,600
Cash Flows from Investing Activities (3,566) (2,305)
Cash Flows from Financing Activities:    
Proceeds from Long-term Debt 5,000 150,000
Payments for Long-term Debt (5,000) (165,000)
Purchase of Outstanding Shares for Treasury 0 (7,732)
Financing Fees 0 (360)
Stock Options Activity (59) 34
Finance Lease Principal Payments (854) (939)
Cash Flows from Financing Activities (913) (23,997)
Effect of Exchange Rates on Cash (8) (514)
(Decrease) Increase in Cash and Cash Equivalents (6,825) 14,733
Cash and Cash Equivalents at Beginning of Period 40,412 31,906
Cash and Cash Equivalents at End of Period $ 33,587 $ 46,639

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