v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Cash flows from operating activities:      
Net loss $ (43,257) $ (251,251) $ (66,198)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 66,223 68,614 69,620
Amortization of operating lease right-of-use assets 20,152 19,387 18,761
Amortization of deferred debt financing costs and bond discount/premium 6,420 5,928 7,510
Deferred income taxes (1,816) (99,107) (26,395)
Impairment of goodwill 0 70,580 0
Impairment of assets held for sale 28,500 0 0
Impairment of intangible assets 60,798 320,000 20,500
Impairment of property, plant and equipment 2,994 208 0
Loss on sales of property, plant and equipment 1,134 215 725
(Gain) loss on sales of assets (2,867) 135 137,798
(Gain) loss on extinguishment of debt (2,754) 2,126 (911)
Share-based compensation expense 13,317 8,664 7,191
Changes in assets and liabilities, net of effects of businesses acquired:      
Trade accounts receivable 32,065 (30,297) 7,325
Inventories (23,318) 43,247 89,909
Prepaid expenses and other current assets (14,367) 2,338 (3,097)
Income tax receivable/payable, net (8,042) (1,511) 575
Other assets (9,297) (13,715) (4,348)
Trade accounts payable (3,139) (9,168) (8,272)
Accrued expenses and lease liabilities (29,506) (13,824) (5,606)
Other liabilities 8,156 8,345 2,672
Net cash provided by operating activities 101,396 130,914 247,759
Cash flows from investing activities:      
Capital expenditures (30,647) (27,263) (25,689)
Proceeds from sales of assets 69,963 (422) 107,282
Net cash provided by (used in) investing activities 39,316 (27,685) 81,593
Cash flows from financing activities:      
Redemptions and repurchases of senior notes (37,817) (266,077) (632,426)
Proceeds from issuance of senior secured notes 0 250,000 550,000
Repayments of borrowings under term loan facility (5,625) (528,625) (143,000)
Borrowings under term loan facility 0 450,000 0
Repayments of borrowings under revolving credit facility (225,000) (365,000) (552,500)
Borrowings under revolving credit facility 195,000 440,000 440,000
Proceeds from issuance of common stock, net 0 0 73,826
Dividends paid (60,598) (60,041) (56,011)
Payments of tax withholding on behalf of employees for net share settlement of share-based compensation (893) (615) (1,879)
Payments of debt financing costs (882) (12,605) (11,701)
Net cash used in financing activities (135,815) (92,963) (333,691)
Effect of exchange rate fluctuations on cash and cash equivalents 813 (777) (9)
Net increase (decrease) in cash and cash equivalents 5,710 9,489 (4,348)
Cash and cash equivalents at beginning of year 50,583 41,094 45,442
Cash and cash equivalents at end of year 56,293 50,583 41,094
Supplemental disclosures of cash flow information:      
Cash interest payments 149,039 142,424 141,950
Cash income tax payments, net of refunds 5,767 21,229 24,840
Non-cash investing and financing transactions:      
Dividends declared and not yet paid 15,196 15,038 14,939
Accruals related to purchases of property, plant and equipment 1,777 5,259 4,345
Right-of-use assets obtained in exchange for new operating lease liabilities $ 15,302 $ 2,820 $ 20,829