v3.20.2
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash Flows from Operating Activities:    
Net (Loss) Income $ (90,542) $ 84,872
Adjustments to Reconcile Net (Loss) Income to Cash Flows from Operating Activities, Excluding the Effects of Divestitures:    
Depreciation and Amortization 16,052 15,980
Provisions for Non-Cash Losses on Inventory and Receivables 3,297 4,429
Equity-based Compensation Expense 2,806 2,145
Deferred Tax Expense (Benefit) 1,190 (3,371)
Non-cash Severance Expense 4,669 377
Operating Lease Amortization Expense 2,236 1,978
Non-cash Litigation Provision 1,450 0
Gain on Sale of Business, Before Taxes 0 (80,133)
Equity Investment Other Than Temporary Impairment 3,493 0
Impairment Loss 87,016 0
Other 4,459 (1,715)
Cash Flows from Changes in Operating Assets and Liabilities:    
Accounts Receivable 43,417 5,266
Inventories (12,778) (11,276)
Accounts Payable (446) (7,685)
Accrued Expenses (12,473) (9,518)
Other Current Assets and Liabilities (1,983) (975)
Customer Advanced Payments and Deferred Revenue (4,221) (1,234)
Income Taxes (3,667) 9,181
Operating Lease Liabilities (2,222) (1,785)
Supplemental Retirement and Other Liabilities (204) 2,520
Cash Flows from Operating Activities 41,549 9,056
Cash Flows from Investing Activities:    
Proceeds on Sale of Business 0 103,793
Capital Expenditures (3,905) (6,917)
Proceeds on Sale of Assets 1,600 0
Cash Flows from Investing Activities (2,305) 96,876
Cash Flows from Financing Activities:    
Proceeds from Long-term Debt 150,000 27,000
Payments for Long-term Debt (165,000) (132,053)
Purchase of Outstanding Shares for Treasury (7,732) 0
Stock Options Activity 34 416
Finance Lease Principal Payments (939) (834)
Financing Fees (360) 0
Cash Flows from Financing Activities (23,997) (105,471)
Effect of Exchange Rates on Cash (514) 23
Increase in Cash and Cash Equivalents 14,733 484
Cash and Cash Equivalents at Beginning of Period 31,906 16,622
Cash and Cash Equivalents at End of Period $ 46,639 $ 17,106

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