Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Cash Flows

v3.22.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Cash Flows from Operating Activities:    
Net Loss $ (3,101) $ (11,909)
Adjustments to Reconcile Net Loss to Cash Flows from Operating Activities:    
Depreciation and Amortization 7,088 7,453
Provisions for Non-Cash Losses on Inventory and Receivables 175 1,269
Equity-based Compensation Expense 2,101 2,097
Non-Cash Accrued 401K Contribution 1,011 0
Deferred Tax Benefit 0 (51)
Operating Lease Non-Cash Expense 1,424 1,185
Net Gain on Sale of Business, Before Taxes (11,284) 0
Other 513 1,315
Cash Flows from Changes in Operating Assets and Liabilities:    
Accounts Receivable (10,024) (6,010)
Inventories (9,015) 430
Accounts Payable 8,625 (4,171)
Accrued Expenses (1,380) (685)
Other Current Assets and Liabilities (363) 961
Customer Advance Payments and Deferred Revenue (113) 2,915
Income Taxes 16,492 (246)
Operating Lease Liabilities (1,724) (1,307)
Supplemental Retirement Plan and Other Liabilities (109) (109)
Cash Flows from Operating Activities 316 (6,863)
Cash Flows from Investing Activities:    
Proceeds from Sale of Businesses 21,961 0
Capital Expenditures (1,160) (1,905)
Cash Flows from Investing Activities 20,801 (1,905)
Cash Flows from Financing Activities:    
Proceeds from Long-term Debt 17,925 0
Principal Payments on Long-term Debt (43,925) 0
Stock Award Activity 108 (52)
Finance Lease Principal Payments (23) (501)
Debt Acquisition Costs (771) 0
Cash Flows from Financing Activities (26,686) (553)
Effect of Exchange Rates on Cash (173) (362)
Decrease in Cash and Cash Equivalents (5,742) (9,683)
Cash and Cash Equivalents at Beginning of Period 29,757 40,412
Cash and Cash Equivalents at End of Period $ 24,015 $ 30,729