v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash flows from operating activities:    
Net (loss) income $ (4,315) $ 33,669
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 17,021 17,195
(Gain) loss on disposal of assets (15) 79
Goodwill impairment 31,871  
Stock-based compensation expense 2,447 2,781
Amortization of debt issuance costs 358 358
Benefit for deferred income taxes (2,370) (1,095)
Change in fair value of contingent consideration (34) 775
Forward contract gains, net (41) (409)
Net investment hedge loss 164  
Other, net 510 940
(Increase) decrease in:    
Accounts receivable (7,040) (9,586)
Inventories (724) (12,276)
Income taxes receivable 327 (488)
Other current assets (1,736) (3,312)
Other assets 1,855 781
Increase (decrease) in:    
Accounts payable (18) 1,178
Accrued expenses and other liabilities (1,424) 4,176
Income taxes payable 4,885 3,078
Other noncurrent liabilities (1,390) (1,668)
Contingent consideration payments in excess of acquisition date fair value   (10,731)
Net cash provided by operating activities 40,331 25,445
Cash flows from investing activities:    
Capital expenditures (5,215) (15,413)
Proceeds from dispositions of equipment 67 597
Cash settlement of forward contracts (357)  
Net cash used in investing activities (5,505) (14,816)
Cash flows from financing activities:    
Borrowings on revolving credit facilities 11,000 85,639
Repayment of borrowings on revolving credit facilities (26,359) (91,000)
Borrowings on long-term non-revolving debt 5,714  
Repayment of borrowings on long-term non-revolving debt (4,001) (2,910)
Proceeds from stock issued 723 843
Dividends to shareholders (5,772) (5,759)
Payment of contingent consideration liability   (7,064)
Other financing activities (960) (1,141)
Net cash used in financing activities (19,655) (21,392)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (331) 569
Net increase (decrease) in cash, cash equivalents and restricted cash 14,840 (10,194)
Cash, cash equivalents and restricted cash, beginning of period 22,162 23,515
Cash, cash equivalents and restricted cash, end of period $ 37,002 $ 13,321

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