v3.20.2
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash Flows from Operating Activities:    
Net (Loss) Income $ (95,796) $ 86,082
Adjustments to Reconcile Net (Loss) Income to Cash Flows from Operating Activities, Excluding the Effects of Acquisitions/Divestitures:    
Depreciation and Amortization 24,095 24,183
Provisions for Non-Cash Losses on Inventory and Receivables 4,535 4,613
Equity-based Compensation Expense 3,924 2,943
Deferred Tax Expense (Benefit) 1,127 (3,820)
Non-cash Severance Expense 3,007 0
Operating Lease Amortization Expense 3,352 2,993
Non-cash Litigation Provision 0 1,700
Net Gain on Sale of Businesses, Before Taxes 0 (78,801)
Equity Investment Other Than Temporary Impairment 3,493 0
Impairment Loss 87,016 0
Other 6,622 (5,485)
Cash Flows from Changes in Operating Assets and Liabilities:    
Accounts Receivable 53,604 23,423
Inventories (19,807) (18,963)
Accounts Payable (9,589) (5,494)
Accrued Expenses (11,340) (5,867)
Other Current Assets and Liabilities (224) (697)
Customer Advanced Payments and Deferred Revenue (6,474) (3,266)
Income Taxes (12,316) 5,581
Operating Lease Liabilities (3,412) (2,824)
Supplemental Retirement and Other Liabilities (304) 3,940
Cash Flows from Operating Activities 31,513 30,241
Cash Flows from Investing Activities:    
Acquisition of Business, Net of Cash Acquired 0 21,785
Proceeds on Sale of Business 0 104,792
Capital Expenditures (5,575) (8,850)
Proceeds on Sale of Assets 1,600 0
Cash Flows from Investing Activities (3,975) 74,157
Cash Flows from Financing Activities:    
Proceeds from Long-term Debt 150,000 99,000
Payments for Long-term Debt (170,000) (146,080)
Purchase of Outstanding Shares for Treasury (7,732) (50,000)
Stock Options Activity 33 423
Finance Lease Principal Payments (1,425) (1,284)
Financing Fees (360) 0
Cash Flows from Financing Activities (29,484) (97,941)
Effect of Exchange Rates on Cash (63) (284)
(Decrease) Increase in Cash and Cash Equivalents (2,009) 6,173
Cash and Cash Equivalents at Beginning of Period 31,906 16,622
Cash and Cash Equivalents at End of Period $ 29,897 $ 22,795

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