v3.23.3
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Oct. 02, 2023
Oct. 03, 2022
Cash flows from operating activities:    
Net (loss) income $ (36,056) $ 88,566
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 74,060 67,306
Amortization of definite-lived intangible assets 47,811 30,973
Amortization of debt discount and issuance costs 1,726 1,608
Loss on extinguishment of debt 1,154 0
Deferred income taxes 1,177 (7,158)
Stock-based compensation 16,728 14,131
Gain on sale of subsidiary (1,270) 0
Impairment of goodwill 44,100 0
Other (633) (5,194)
Changes in operating assets and liabilities:    
Accounts receivable, net 72,591 (40,605)
Contract assets 30,360 (8,642)
Inventories (38,493) (16,903)
Prepaid expenses and other current assets 81 (31,638)
Accounts payable (26,788) 24,337
Contract liabilities (1,745) 27,842
Accrued salaries, wages and benefits (20,955) 22,738
Other current liabilities (24,034) 27,953
Net cash provided by operating activities 139,814 195,314
Cash flows from investing activities:    
Acquisition of Gritel Holding Co., Inc. and ISC Farmingdale Corp. 0 (298,339)
Proceeds from sale of SH E-MS property 61,769 0
Purchase of property, plant and equipment and other assets (114,167) (76,245)
Proceeds from sale of property, plant and equipment and other assets 384 150
Proceeds from sale of subsidiary, net of cash disposed 6,039 0
Other (101) (245)
Net cash used in investing activities (46,076) (374,679)
Cash flows from financing activities:    
Repayment of long-term debt borrowings (291,572) 0
Proceeds from long-term debt borrowing 234,818 0
Repurchases of common stock (14,617) (35,424)
Refund of customer deposits (7,500) 0
Payment of debt issuance costs (5,487) 0
Payment of original issue discount (3,500) 0
Proceeds from borrowings of revolving loan 0 50,000
Repayment of revolving loan 0 (50,000)
Customer deposits 0 15,000
Cash used to settle warrants 0 (887)
Net cash used in financing activities (87,858) (21,311)
Effect of foreign currency exchange rates on cash and cash equivalents (298) (1,377)
Net increase (decrease) in cash and cash equivalents 5,582 (202,053)
Cash and cash equivalents at beginning of period 402,749 537,678
Cash and cash equivalents at end of period 408,331 335,625
Supplemental cash flow information:    
Cash paid, net for interest 42,688 38,405
Cash paid, net for income taxes 27,830 3,031
Supplemental disclosure of noncash investing and financing activities:    
Cashless extinguishment of debt for issuance of new long-term debt borrowing 115,182 0
Property, plant and equipment recorded in accounts payable and other current liabilities 89,056 37,555
Issuance of common stock for warrant settlement $ 0 $ 589

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