v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 26, 2021
Sep. 27, 2020
Cash flows from operating activities:    
Net income (loss) $ 28,475 $ (26,717)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 15,131 16,660
Deferred income taxes 1,511 (3,201)
Non-cash interest expense 390 190
Loss on impairment 394 16,253
Stock-based compensation expense 3,776 6,778
Changes in operating assets and liabilities:    
Accounts receivable 7,476 11,853
Inventories (699) 1,929
Prepaid expenses and other 401 (107)
Other receivable   (5,245)
Other assets 21 (25)
Accounts payable and accrued expenses 1,810 (8,133)
Deferred revenue (6,847) (4,439)
Operating lease liabilities and assets (4,458) (415)
Other liabilities 1,140 217
Net cash provided by operating activities 48,521 5,598
Cash flows from investing activities:    
Acquisition of property and equipment (8,418) (9,007)
Net cash used in investing activities (8,418) (9,007)
Cash flows from financing activities:    
Principal borrowings on long-term debt   105,000
Principal repayments on long-term debt (45,000) (33,800)
Principal borrowings on the CARES Act loan   20,000
Principal repayments on the CARES Act loan   (20,000)
Net proceeds from sale of common stock   49,558
Repurchase of common stock (3,828) (13,226)
Cash dividend payments   (4,428)
Tax payments from the vesting of restricted stock (2,753) (1,573)
Deferred financing costs (145) (582)
Net cash (used in) provided by financing activities (51,726) 100,949
Net (decrease) increase in cash and cash equivalents (11,623) 97,540
Cash and cash equivalents at beginning of period 95,402 5,567
Cash and cash equivalents at end of period 83,779 103,107
Supplemental disclosures of cash flow information:    
Interest, net of capitalized interest 2,745 1,764
Income taxes 2,256 (1,179)
Noncash investing and financing activities:    
Accrued acquisition of property and equipment $ 4,205 $ 29

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