Cash Flow

v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 29, 2025
Dec. 30, 2024
Jan. 01, 2024
Cash flows from operating activities:      
Net income (loss) $ 177,448 $ 56,299 $ (18,718)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation of property, plant, and equipment 110,274 105,233 99,155
Amortization of definite-lived intangible assets 36,897 44,892 61,576
Amortization of debt discount and issuance costs 2,157 2,042 2,205
Loss on extinguishment of debt 0 0 1,154
Deferred income taxes 3,349 (1,722) (11,347)
Stock-based compensation 41,668 29,780 22,887
Impairment of goodwill 0 32,600 44,100
Gain on sale of subsidiary 0 0 (1,270)
Other 5,376 (1,899) (516)
Changes in operating assets and liabilities:      
Accounts receivable, net (115,130) (35,054) 49,936
Contract assets (86,624) (89,332) 42,589
Inventories (25,072) (11,910) (45,392)
Prepaid expenses and other assets (22,489) (2,688) (6,034)
Accounts payable 138,971 49,719 (34,582)
Contract liabilities 4,712 44,407 22,527
Accrued salaries, wages, and benefits 24,038 9,588 (16,447)
Other liabilities (3,693) 4,939 (24,539)
Net cash provided by operating activities 291,882 236,894 187,284
Cash flows from investing activities:      
Purchases of property, plant, and equipment and other assets (292,565) (185,739) (160,242)
Proceeds from capital-related government incentives 17,844 0 0
Proceeds from sale of property, plant, and equipment and other assets 781 32,868 505
Proceeds from sale of SH E-MS property 0 6,737 61,769
Proceeds from sale of subsidiary, net of cash disposed 0 0 6,039
Other 0 (76) (101)
Net cash used in investing activities (273,940) (146,210) (92,030)
Cash flows from financing activities:      
Repurchases of common stock (17,875) (34,479) (24,432)
Repayment of long-term debt borrowings (3,795) (9,596) (291,572)
Customer deposits 1,500 0 0
Proceeds from exercise of stock options 236 0 0
Proceeds from long-term debt borrowings 0 8,416 234,818
Payment of debt issuance costs 0 (1,162) (5,487)
Proceeds from borrowings of revolving loan 0 0 50,000
Refund of customer deposits 0 0 (7,500)
Payment of original issue discount 0 0 (3,500)
Other (987) 0 0
Net cash used in financing activities (20,921) (36,821) (47,673)
Effect of foreign currency exchange rates on cash and cash equivalents 281 (139) (122)
Net (decrease) increase in cash and cash equivalents (2,698) 53,724 47,459
Cash and cash equivalents at beginning of period 503,932 450,208 402,749
Cash and cash equivalents at end of period 501,234 503,932 450,208
Supplemental cash flow information:      
Cash paid, net for interest 46,197 48,988 47,884
Cash paid, net for income taxes 37,437 18,766 53,751
Supplemental disclosure of non-cash investing and financing activities:      
Property, plant, and equipment recorded in accounts payable and other current liabilities 62,842 77,403 117,299
Cashless rollover of debt $ 0 $ 340,395 $ 115,182

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