v3.26.1
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 04, 2026
Apr. 04, 2026
Jun. 28, 2025
Mar. 29, 2025
Jul. 04, 2026
Jun. 29, 2025
Jun. 28, 2025
Cash flows from operating activities:              
Net (loss) income $ 26,186 $ (3,511) $ 8,316 $ 6,014 $ 22,675   $ 14,330
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation and amortization 33,184   36,203   68,827 $ 71,691 71,691
Noncash lease expense         16,571   15,769
Impairment expense 3,886   0   3,886   0
Gain on marketable equity securities         (286)   (592)
Gain on disposal of property and equipment (45,257)   (23)   (45,722)   (7)
Amortization of debt issuance costs         606   482
Stock-based compensation         967   448
Write-off of debt issuance costs         1,168   0
Provision for credit losses         917   (123)
Debt prepayment penalty reclassified to financing activities         727   0
Deferred income taxes         7,386   (2,460)
Change in assets and liabilities:              
Trade and other accounts receivable         (12,692)   36,318
Contract receivable, prepaid expenses and other assets         6,913   (5,939)
Principal reduction in operating lease liabilities         (23,770)   (16,582)
Accounts payable, accrued expenses, income taxes payable, insurance and claims and other current liabilities         21,334   4,948
Due to/from affiliates, net         5,750   (5,498)
Other long-term liabilities         (1,405)   (2,762)
Net cash provided by operating activities         73,852   110,023
Cash flows from investing activities:              
Capital expenditures         (22,880)   (136,838)
Proceeds from the sale of property and equipment         40,261   4,476
Proceeds from the sale of marketable securities         10,637   2,321
Net cash provided by (used in) investing activities         28,018   (130,041)
Cash flows from financing activities:              
Proceeds from borrowing - revolving debt         252,911   290,869
Repayments of debt - revolving debt         (209,098)   (228,640)
Proceeds from borrowing - term debt         9,411   37,177
Repayments of debt - term debt         (159,987)   (63,486)
Prepayment penalties on term debt         (727)   0
Dividends paid         (5,539)   (5,528)
Purchases of treasury stock         (45)   (85)
Net cash (used in) provided by financing activities         (113,074)   30,307
Effect of exchange rate changes on cash and cash equivalents         4,669   (5,302)
Net (decrease) increase in cash         (6,535)   4,987
Cash and cash equivalents – beginning of period   $ 26,846   $ 19,351 26,846 $ 19,351 19,351
Cash and cash equivalents – end of period $ 20,311   $ 24,338   20,311   24,338
Supplemental cash flow information:              
Cash paid for interest         24,259   19,854
Cash paid for income taxes         $ 4,894   $ 17,414