v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 04, 2026
Mar. 29, 2025
Cash flows from operating activities:    
Net (loss) income $ (1,458) $ 2,805
Adjustments to reconcile net (loss) income to net cash used in operations    
Depreciation and amortization 11,974 9,554
Amortization of debt discount and issuance costs 389 332
Insurance recoveries in excess of carrying values of property & equipment 0 (2,443)
Provision for deferred income taxes (893) (429)
Realization of deferred gains from real estate (984) (984)
Share-based compensation 3,091 2,522
Changes in operating assets and liabilities:    
Accounts receivable (78,571) (49,737)
Inventories (45,678) (43,646)
Accounts payable 58,600 41,784
Other current assets (3,415) 1,620
Other assets and liabilities (281) 4,714
Net cash used in operating activities (57,226) (33,908)
Cash flows from investing activities:    
Adjustment in consideration for Disdero acquisition 859 0
Disbursements for property and equipment (2,599) (5,932)
Proceeds from sales and insurance recoveries of property & equipment 21 2,540
Net cash used in investing activities (1,719) (3,392)
Cash flows from financing activities:    
Common stock repurchases (2,751) (15,005)
Debt financing costs (134) 0
Repurchase of shares to satisfy employee tax withholdings (358) (28)
Principal payments on finance lease liabilities (4,568) (4,269)
Net cash used in financing activities (7,811) (19,302)
Net change in cash and cash equivalents (66,756) (56,602)
Cash and cash equivalents at beginning of period 385,843 505,622
Cash and cash equivalents at end of period 319,087 449,020
Supplemental cash flow information:    
Interest paid during the period 7,127 7,157
Net income tax payments (refunds) (45) (1,077)
Non-cash investing and financing activities:    
Property and equipment acquired under finance leases 132 28,086
Property and equipment investments funded through accounts payable, net 8 504
Obligation for shares repurchases not yet settled 250 0
Obligation for repurchase of shares to satisfy employee tax withholdings $ 17 $ 479