v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
OPERATING ACTIVITIES    
Net loss $ (211,663) $ (46,221)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 54,725 69,678
Deferred income taxes (11,728) (11,803)
Net gain on sale of business, property and equipment (2,473) (2,755)
Goodwill impairment 137,721 0
Adjustment to carrying value of assets 3,610 9,193
Amortization of deferred financing costs 1,124 869
Loss on extinguishment and refinancing of debt 237 787
Loss on foreign currency translation adjustment related to the substantial liquidation of a foreign subsidiary 0 4,290
Gain on sale of discontinued operations (1,040) 0
Share-based compensation expense 7,661 10,133
Recovery of cost from receipts on impaired notes 0 (1,389)
Other items, net 1,419 (3,908)
Net change in operating assets and liabilities:    
Accounts receivable (40,640) (2,250)
Inventories 10,350 (14,155)
Other assets 3,350 7,695
Accounts payable and accrued expenses 2,501 19,588
Change in short-term and long-term tax liabilities (4,085) 626
Net cash (used in) provided by operating activities (48,931) 40,378
INVESTING ACTIVITIES    
Purchases of property and equipment (66,023) (67,839)
Proceeds from sale of property and equipment 2,564 4,255
Purchase of intangible assets (10,116) (6,294)
Proceeds related to the court-ordered divestiture of Towanda 110,661 0
Recovery of cost from receipts on impaired notes 0 1,389
Cash received for notes receivable 7 2
Cash received from insurance proceeds 255 1,655
Purchase of securities for deferred compensation plan (511) (2,817)
Net cash provided by (used in) investing activities 36,837 (69,649)
FINANCING ACTIVITIES    
Change in long-term debt and payments of debt extinguishment costs (11,547) (15,776)
Common stock issued for exercise of options 4 2,500
Common stock repurchased 0 (24,280)
Payments to tax authorities for employee share-based compensation (480) (866)
Payments related to the sale of JW Australia (812) (1,355)
Net cash used in financing activities (12,835) (39,777)
Effect of foreign currency exchange rates on cash 8,731 (6,460)
Net decrease in cash and cash equivalents (16,198) (75,508)
Cash, cash equivalents and restricted cash, beginning 151,047 289,147
Cash, cash equivalents and restricted cash, ending $ 134,849 $ 213,639