v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jul. 04, 2026
Jun. 28, 2025
Jul. 04, 2026
Jun. 28, 2025
Dec. 31, 2025
Cash flows from operating activities:          
Net loss $ (170,822) $ (59,968) $ (363,348) $ (170,592)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation and amortization 111,963 123,152 214,831 226,903  
Amortization of debt issuance costs, debt discount and fair values     54,553 52,836  
Share-based compensation expense     (3,766) (2,417)  
Amortization of acquisition related step-up adjustments     3,318 3,603  
Loss (gain) on disposal of assets     (1,073) 284  
Impairment of long-lived assets 34,776 0 34,776 0  
Change in fair value of contingent consideration     126 701  
Bargain purchase gain     (5,383) 0  
Unrealized (gain) loss on foreign currency exchange rates     3,820 (3,740)  
Provision for credit losses     6,378 4,725  
Deferred income taxes     (87,245) (89,195)  
Changes in operating assets and liabilities, net of effect of acquisitions:          
Accounts receivable, net     (126,758) (140,435)  
Inventories, net     (50,337) (90,445)  
Income and other taxes     29,971 49,573  
Other current assets     (16,318) 13,754  
Accounts payable     157,874 34,659  
Accrued expenses     31,197 (22,787)  
Other, net     (54,708) 367  
Net cash used in operating activities     (172,092) (132,206)  
Cash flows from investing activities:          
Acquisitions, net of cash acquired     7,531 0  
Capital expenditures     (61,857) (68,174)  
Proceeds from sale of property, plant and equipment     3,633 664  
Net cash used in investing activities     (50,693) (67,510)  
Cash flows from financing activities:          
Proceeds from revolving credit facilities     247,000 0  
Proceeds from term loans     0 230,000  
Payments on term loans     (17,000) (8,500)  
Payment of contingent consideration     (5,343) (11,488)  
Net cash flows provided by financing activities     224,657 210,012  
Effect of exchange rate changes on cash and cash equivalents     (1,052) 1,506  
Net increase in cash and cash equivalents     820 11,802  
Cash and cash equivalents at beginning of period     135,452 159,529 $ 159,529
Cash and cash equivalents at end of period $ 136,272 $ 171,331 136,272 171,331 $ 135,452
Supplemental cash flow information:          
Interest paid, net of interest rate swaps     195,637 189,374  
Income taxes paid (refunded)     (16,709) 1,787  
Capital expenditures included within accounts payable     $ 5,376 $ 4,022