v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Operating activities    
Net loss $ (81,530) $ (31,952)
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation and amortization 33,453 31,251
Temiscaming HPC permanent idling charges - accelerated depreciation 34,494 0
Temiscaming HPC permanent idling charges - other asset adjustments 6,389 0
Stock-based compensation expense 767 1,805
Deferred income tax benefit (7,661) (6,016)
Increase in environmental liabilities 1,233 13,021
Change in fair value of put option liability 1,890 494
Net periodic benefit cost of pension and other postretirement plans (26) 648
Unrealized (gain) loss on foreign currency (907) 730
Gain on insurance recoveries (3,800) 0
Other 2,347 1,514
Changes in operating assets and liabilities:    
Accounts receivable 18,935 47,744
Inventory 13,341 (3,222)
Accounts payable 12,752 5,857
Accrued and other current liabilities 7,769 (6,531)
Other (5,690) (13,777)
Contributions to pension and other postretirement plans (1,819) (1,950)
Cash provided by operating activities 31,937 39,616
Investing activities    
Capital expenditures, net of proceeds from sale of property, plant and equipment (22,004) (37,510)
Insurance recoveries on property damage 2,000 0
Cash used in investing activities (20,004) (37,510)
Financing activities    
Borrowings of long-term debt 159,048 0
Repayments of long-term debt (171,217) (1,658)
Short-term financing, net (3,795) 3,778
Debt issuance costs (387) 0
Repurchase of common stock (1,929) (2,838)
Cash used in financing activities (18,280) (718)
Net increase (decrease) in cash and cash equivalents (6,347) 1,388
Net effect of foreign exchange on cash and cash equivalents (1,102) 3,250
Balance, beginning of period 75,393 125,222
Balance, end of period 67,944 129,860
Supplemental cash flow information:    
Interest paid (1,589) (877)
Income taxes (paid) refunded, net (493) 2,119
Capital assets purchased on account 28,951 38,542
Operating lease ROU assets obtained in exchange for lease liabilities $ 571 $ 198