Quarterly report [Sections 13 or 15(d)]

Consolidated Condensed Statements of Cash Flows

v3.26.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jul. 04, 2026
Jun. 28, 2025
Cash Flows from Operating Activities:    
Net Income $ 60,600 $ 10,842
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:    
Depreciation and Amortization 12,235 10,966
Amortization of Deferred Financing Fees 1,204 1,214
Provisions for Non-cash Losses on Inventory and Receivables 3,257 2,941
Equity-based Compensation Expense 4,819 3,902
Deferred Tax Expense (Benefit) 1,022 (1,125)
Operating Lease Non-cash Expense 2,806 3,174
Simplification Initiative-related Non-cash Charges 0 6,229
Other 1,223 (601)
Changes in Operating Assets and Liabilities Providing (Using) Cash:    
Accounts Receivable (24,997) 5,803
Inventories (27,500) (1,498)
Accounts Payable 23,620 2,957
Operating Lease Liabilities (3,093) (2,302)
Accrued Expenses (1,929) (17,064)
Income Taxes (1,128) (10,505)
Customer Advance Payments and Deferred Revenue 478 (859)
Cloud Computing Implementation Costs (4,122) 0
Supplemental Retirement Plan Liabilities (367) (202)
Other Assets and Liabilities (7,403) (864)
Net Cash Provided by Operating Activities 40,725 13,008
Cash Flows from Investing Activities:    
Capital Expenditures (16,869) (6,710)
Net Cash Used by Investing Activities (16,869) (6,710)
Cash Flows from Financing Activities:    
Proceeds from Long-term Debt 40,000 1,143
Principal Payments on Long-term Debt (65,000) (11,143)
Financing-related Costs 0 (740)
Stock Award Activity (5,441) (1,730)
Other (2,220) (76)
Net Cash Used by Financing Activities (32,661) (12,546)
Effect of Exchange Rates on Cash (359) 1,280
Decrease in Cash and Cash Equivalents and Restricted Cash (9,164) (4,968)
Cash and Cash Equivalents and Restricted Cash at Beginning of Period 18,180 18,428
Cash and Cash Equivalents and Restricted Cash at End of Period 9,016 13,460
Supplemental Disclosure of Cash Flow Information    
Capital Expenditures in Accounts Payable (Non-Cash Investing Activities) 422 0
Interest Paid 3,972 2,967
Income Taxes Paid, Net $ 2,110 $ 12,848