v3.24.3
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Oct. 02, 2023
Cash flows from operating activities:    
Net income (loss) $ 51,129 $ (36,056)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation of property, plant, and equipment 78,709 74,060
Amortization of definite-lived intangible assets 35,642 47,811
Amortization of debt discount and issuance costs 1,517 1,726
Loss on extinguishment of debt 0 1,154
Deferred income taxes (1,180) 1,177
Stock-based compensation 21,697 16,728
Gain on sale of subsidiary 0 (1,270)
Impairment of goodwill 0 44,100
Other 2,194 (633)
Changes in operating assets and liabilities:    
Accounts receivable, net (9,328) 72,591
Contract assets (70,618) 30,360
Inventories (14,838) (38,493)
Prepaid expenses and other current assets (2,236) 81
Accounts payable 34,698 (26,788)
Contract liabilities 11,860 (1,745)
Accrued salaries, wages and benefits 14,055 (20,955)
Other current liabilities (2,461) (24,034)
Net cash provided by operating activities 150,840 139,814
Cash flows from investing activities:    
Proceeds from sale of SH E-MS property 6,737 61,769
Purchase of property, plant and equipment and other assets (129,709) (114,167)
Proceeds from sale of property, plant and equipment and other assets 29,599 384
Proceeds from sale of subsidiary, net of cash disposed 0 6,039
Other (76) (101)
Net cash used in investing activities (93,449) (46,076)
Cash flows from financing activities:    
Repurchases of common stock (34,479) (14,617)
Repayment of long-term debt (8,730) (291,572)
Proceeds from long-term debt borrowing 6,105 234,818
Payment of debt issuance costs (1,113) (5,487)
Refund of customer deposits 0 (7,500)
Payment of original issue discount 0 (3,500)
Net cash used in financing activities (38,217) (87,858)
Effect of foreign currency exchange rates on cash and cash equivalents 118 (298)
Net increase in cash and cash equivalents 19,292 5,582
Cash and cash equivalents at beginning of period 450,208 402,749
Cash and cash equivalents at end of period 469,500 408,331
Supplemental cash flow information:    
Cash paid, net for interest 42,646 42,688
Cash paid, net for income taxes 15,196 27,830
Supplemental disclosure of non-cash investing and financing activities:    
Cashless rollover of debt 340,395 115,182
Property, plant and equipment recorded in accounts payable and other current liabilities $ 83,934 $ 89,056

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