v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 30, 2024
Jan. 01, 2024
Jan. 02, 2023
Cash flows from operating activities:      
Net income (loss) $ 56,299 $ (18,718) $ 94,583
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation of property, plant, and equipment 105,233 99,155 91,276
Amortization of definite-lived intangible assets 44,892 61,576 42,631
Amortization of debt discount and issuance costs 2,042 2,205 2,152
Loss on extinguishment of debt 0 1,154 0
Deferred income taxes (1,722) (11,347) 61,304
Stock-based compensation 29,780 22,887 19,525
Impairment of goodwill 32,600 44,100 0
Gain on sale of subsidiary 0 (1,270) 0
Gain on sale of SH E-MS property 0 0 (51,804)
Other (1,899) (516) (5,179)
Changes in operating assets and liabilities:      
Accounts receivable, net (35,054) 49,936 (35,738)
Contract assets (89,332) 42,589 15,534
Inventories (11,910) (45,392) (4,411)
Prepaid expenses and other current assets (2,688) (6,034) (15,473)
Accounts payable 49,719 (34,582) (14,804)
Contract liabilities 44,407 22,527 24,530
Accrued salaries, wages and benefits 9,588 (16,447) 15,462
Other current liabilities 4,939 (24,539) 33,285
Net cash provided by operating activities 236,894 187,284 272,873
Cash flows from investing activities:      
Purchase of property, plant and equipment and other assets (185,739) (160,242) (102,884)
Proceeds from sale of property, plant and equipment and other assets 32,868 505 6,010
Proceeds from sale of SH E-MS property 6,737 61,769 0
Proceeds from sale of subsidiary, net of cash disposed 0 6,039 0
Acquisition of Gritel Holding Co., Inc. and ISC Farmingdale Corp. 0 0 (298,339)
Other (76) (101) (245)
Net cash used in investing activities (146,210) (92,030) (395,458)
Cash flows from financing activities:      
Repurchases of common stock (34,479) (24,432) (35,424)
Repayment of long-term debt borrowings (9,596) (291,572) 0
Proceeds from long-term debt borrowings 8,416 234,818 0
Payment of debt issuance costs (1,162) (5,487) 0
Proceeds from borrowings of revolving loan 0 50,000 50,000
Refund of customer deposits 0 (7,500) 0
Payment of original issue discount 0 (3,500) 0
Repayment of revolving loan 0 0 (50,000)
Customer deposits 0 0 25,000
Cash used to settle warrants 0 0 (887)
Net cash used in financing activities (36,821) (47,673) (11,311)
Effect of foreign currency exchange rates on cash and cash equivalents (139) (122) (1,033)
Net increase (decrease) in cash and cash equivalents 53,724 47,459 (134,929)
Cash and cash equivalents at beginning of period 450,208 402,749 537,678
Cash and cash equivalents at end of period 503,932 450,208 402,749
Supplemental cash flow information:      
Cash paid, net for interest 48,988 47,884 42,844
Cash paid, net for income taxes 18,766 53,751 4,574
Supplemental disclosure of non-cash investing and financing activities:      
Cashless rollover of debt 340,395 115,182 0
Property, plant and equipment recorded in accounts payable and other current liabilities 77,403 117,299 31,670
Receivable from sale of SH E-MS property 0 0 69,240
Issuance of common stock for warrant settlement $ 0 $ 0 $ 589

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