Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Cash Flows

v3.24.3
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:    
Net Loss $ (13,383) $ (33,397)
Adjustments to Reconcile Net Loss to Cash Flows from Operating Activities:    
Depreciation and Amortization 18,572 19,758
Amortization of Deferred Financing Fees 2,711 2,148
Provisions for Non-Cash Losses on Inventory and Receivables 8,023 13,713
Equity-based Compensation Expense 6,414 5,603
Operating Lease Non-Cash Expense 3,869 3,816
Non-Cash 401K Contribution and Quarterly Bonus Accrual 3,454 3,773
Non-Cash Annual Stock Bonus Accrual 1,448 0
Loss on Extinguishment of Debt 6,987 0
Net Gain on Sale of Business, Before Taxes 0 (3,427)
Non-Cash Litigation Provision Adjustment 0 (1,305)
Non-Cash Deferred Liability Recovery 0 (5,824)
Other 2,899 911
Changes in Operating Assets and Liabilities Providing (Using) Cash:    
Accounts Receivable (22,712) (12,980)
Inventories (19,829) (24,024)
Accounts Payable (3,304) 4,033
Accrued Expenses 13,517 5,111
Customer Advance Payments and Deferred Revenue (2,919) (562)
Income Taxes 798 3,443
Operating Lease Liabilities (3,777) (3,660)
Supplemental Retirement Plan Liabilities (309) (304)
Other Assets and Liabilities 1,690 898
Net Cash from Operating Activities 4,149 (22,276)
Cash Flows from Investing Activities:    
Proceeds from Sale of Business and Assets 0 3,427
Capital Expenditures (5,244) (6,037)
Net Cash from Investing Activities (5,244) (2,610)
Cash Flows from Financing Activities:    
Proceeds from Long-term Debt 195,978 135,732
Principal Payments on Long-term Debt (187,498) (125,984)
Stock Award Activity (3,219) 2,480
Financing-related Costs (5,863) (6,447)
Financing Extinguishment Costs (3,210) 0
Proceeds from At-the-Market Stock Sales 0 13,045
Other (96) (47)
Net Cash from Financing Activities (3,908) 18,779
Effect of Exchange Rates on Cash 54 (20)
Decrease in Cash and Cash Equivalents and Restricted Cash (4,949) (6,127)
Cash and Cash Equivalents and Restricted Cash at Beginning of Period 11,313 13,778
Cash and Cash Equivalents and Restricted Cash at End of Period 6,364 7,651
Supplemental Disclosure of Cash Flow Information    
Interest Paid 15,261 14,136
Income Taxes Paid, Net of Refunds $ 3,975 $ 2,192