v3.25.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Cash flows from operating activities:    
Net income (loss) $ (16,424) $ (114,043)
Goodwill and intangible asset impairment charge 200 59,674
Depreciation, Depletion and Amortization 21,657 22,616
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Provision for credit losses 1,119 1,577
Stock-based compensation 5,629 5,676
Deferred income taxes (356) 34,694
Non-cash lease expense 8,291 9,145
Other operating activities (3,643) (5,052)
Changes in operating assets and liabilities:    
Accounts receivable (24,411) 25,802
Income taxes receivable and payable 3,151 219
Other assets 5,233 8,719
Accounts payable and other accrued expenses (7,693) (18,771)
Accrued wages and benefits (4,355) (15,640)
Workers’ compensation claims reserve (36,898) (30,069)
Operating lease liabilities (8,614) (9,236)
Other liabilities 3,440 1,500
Net cash used in operating activities (53,674) (23,189)
Cash flows from investing activities:    
Capital expenditures (12,552) (18,874)
Acquisition of business, net of cash acquired 30,181 0
Proceeds from business divestiture, net 400 2,928
Payment to Acquire Life Insurance Policy, Investing Activities (2) (4,000)
Purchases of restricted held-to-maturity investments (3,935) (10,180)
Maturities of restricted held-to-maturity investments 30,178 28,688
Net cash used in investing activities (16,092) (1,438)
Cash flows from financing activities:    
Purchases and retirement of common stock 0 (21,301)
Net proceeds from employee stock purchase plans 363 564
Common stock repurchases for taxes upon vesting of restricted stock (973) (2,221)
Net change in revolving credit facility 60,600 0
Other (401) (1,807)
Net cash provided by (used in) financing activities 59,589 (24,765)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents (134) (638)
Net change in cash, cash equivalents and restricted cash and cash equivalents (10,311) (50,030)
Cash, cash equivalents and restricted cash and cash equivalents, beginning of period 61,100 99,306
Cash, cash equivalents and restricted cash and cash equivalents, end of period 50,789 49,276
Supplemental Disclosure of Cash Flow Information [Abstract]    
Interest 2,854 778
Income taxes, net of refunds (1,503) 555
Operating lease liabilities 10,653 11,522
Property and equipment purchased but not yet paid 718 1,456
Divestiture non-cash consideration 0 571
Right-of-use assets obtained in exchange for new operating lease liabilities $ 7,967 $ 11,024

Source

HTML PDF
XBRL
ZIP