v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Operating activities    
Net income (loss) $ 30,498 $ (5,400)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation expense 8,175 11,870
Amortization of intangible assets 45,125 45,525
Amortization of cloud computing arrangements 2,453 886
Impairment of non-operating long-lived asset 0 2,192
Loss on disposal of property, plant, and equipment 325 269
Stock-based compensation 6,181 11,794
Deferred taxes (4,807) (1,207)
Amortization of debt issuance costs 3,032 4,163
Loss on extinguishment of debt 2,527 1,998
Changes in assets and liabilities:    
Receivables (24,216) (51,693)
Other assets (13,894) (56,734)
Accounts payable (116,931) (9,505)
Compensation and other employee benefits (17,322) 8,480
Other liabilities 11,923 5,811
Net cash used in operating activities (66,931) (31,551)
Investing activities    
Purchases of capital assets (5,180) (8,511)
Proceeds from the disposition of assets 90 11
Acquisitions of businesses 0 (16,939)
Net cash used in investing activities (5,090) (25,439)
Financing activities    
Repayments of long-term debt (3,812) (7,669)
Proceeds from revolver 319,000 648,750
Repayments of revolver (319,000) (602,750)
Proceeds from stock awards and stock options 77 149
Payment of debt issuance costs (3,909) (1,188)
Payments of employee withholding taxes on stock-based compensation (2,974) (5,767)
Net cash (used in) provided by financing activities (10,618) 31,525
Exchange rate effect on cash 4,775 (2,416)
Net change in cash, cash equivalents and restricted cash (77,864) (27,881)
Cash, cash equivalents and restricted cash - beginning of period 268,321 72,651
Cash, cash equivalents and restricted cash - end of period 190,457 44,770
Supplemental disclosure of cash flow information:    
Interest paid 32,956 55,374
Income taxes paid 5,164 7,946
Purchase of capital assets on account $ 2,125 $ 520