v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jan. 01, 2024
Jan. 02, 2023
Jan. 03, 2022
Cash flows from operating activities:      
Net (loss) income $ (18,718) $ 94,583 $ 54,414
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation of property, plant and equipment 99,155 91,276 85,942
Amortization of definite-lived intangible assets 61,576 42,631 41,389
Amortization of debt discount and issuance costs 2,205 2,152 2,110
Loss on extinguishment of debt 1,154 0 15,217
Deferred income taxes (11,347) 61,304 9,745
Stock-based compensation 22,887 19,525 17,711
Impairment of goodwill 44,100 0 0
Gain on sale of subsidiary (1,270) 0 0
Gain on sale of SH E-MS property 0 (51,804) 0
Other (516) (5,179) (9,650)
Changes in operating assets and liabilities:      
Accounts receivable, net 49,936 (35,738) (5,242)
Contract assets 42,589 15,534 (51,606)
Inventories (45,392) (4,411) (11,961)
Prepaid expenses and other current assets (6,034) (15,473) (5,023)
Accounts payable (34,582) (14,804) 40,951
Contract liabilities 22,527 24,530 9,935
Accrued salaries, wages and benefits (16,447) 15,462 (7,822)
Other current liabilities (24,539) 33,285 (9,478)
Net cash provided by operating activities 187,284 272,873 176,632
Cash flows from investing activities:      
Acquisition of Gritel Holding Co., Inc. and ISC Farmingdale Corp. 0 (298,339) 0
Proceeds from sale of SH E-MS property 61,769 0 0
Purchase of property, plant and equipment and other assets (160,242) (102,884) (81,951)
Proceeds from sale of property, plant and equipment and other assets 505 6,010 1,427
Proceeds from sale of subsidiary, net of cash disposed 6,039 0 0
Investment in unconsolidated joint venture 0 0 (3,188)
Other (101) (245) (431)
Net cash used in investing activities (92,030) (395,458) (84,143)
Cash flows from financing activities:      
Proceeds from borrowings of revolving loan 50,000 50,000 0
Proceeds from long-term debt borrowing 234,818 0 500,000
Repurchases of common stock (24,432) (35,424) (64,726)
Refund of customer deposits (7,500) 0 0
Customer deposits 0 25,000 0
Payment of debt issuance costs (5,487) 0 (5,960)
Payment of original issue discount (3,500) 0 0
Repayment of revolving loan 0 (50,000) 0
Cash used to settle warrants 0 (887) (3,231)
Repayment of long-term debt borrowings (291,572) 0 (425,838)
Other 0 0 (7,477)
Net cash used in financing activities (47,673) (11,311) (7,232)
Effect of foreign currency exchange rates on cash and cash equivalents (122) (1,033) 856
Net increase (decrease) in cash and cash equivalents 47,459 (134,929) 86,113
Cash and cash equivalents at beginning of year 402,749 537,678 451,565
Cash and cash equivalents at end of year 450,208 402,749 537,678
Supplemental cash flow information:      
Cash paid, net for interest 47,884 42,844 42,364
Cash paid, net for income taxes 53,751 4,574 5,211
Supplemental disclosure of noncash investing and financing activities:      
Property, plant and equipment recorded in accounts payable and other current liabilities 117,299 31,670 33,323
Cashless extinguishment of debt for issuance of new long-term debt borrowing 115,182 0 0
Receivable from sale of SH E-MS property 0 69,240 0
Issuance of common stock for warrant settlement $ 0 $ 589 $ 2,268

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