Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2016 |
Jan. 02, 2016 |
Jan. 03, 2015 |
| Cash flows from operating activities: |
|
|
|
| Net income |
$ 23,747
|
$ 23,552
|
$ 16,405
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation |
9,577
|
7,008
|
4,534
|
| Amortization |
6,096
|
3,413
|
1,446
|
| Provision for (recovery on) allowance for doubtful accounts |
81
|
(131)
|
(535)
|
| Stock-based compensation |
1,769
|
1,774
|
1,214
|
| Amortization and write-offs of deferred financing costs and debt discount |
6,779
|
1,014
|
3,533
|
| Derivative financial instruments |
|
126
|
669
|
| Deferred income taxes |
6,277
|
5,993
|
3,329
|
| Excess tax benefits on stock-based compensation |
(1,872)
|
(3,840)
|
(6,064)
|
| Fair value adjustment to contingent consideration |
(3,000)
|
|
|
| (Gain) loss on disposal of assets |
(45)
|
10
|
|
| Change in operating assets and liabilities (net of the effects of the acquisitions): |
|
|
|
| Accounts receivable |
(7,069)
|
(7,263)
|
(642)
|
| Inventories |
(152)
|
(3,083)
|
(3,834)
|
| Prepaid expenses and other current assets |
2,215
|
(1,786)
|
(1,628)
|
| Accounts payable and accrued liabilities |
1,962
|
5,669
|
3,823
|
| Net cash provided by operating activities |
46,365
|
32,456
|
22,250
|
| Cash flows from investing activities: |
|
|
|
| Purchases of property, plant and equipment |
(17,694)
|
(17,391)
|
(19,301)
|
| Business acquisitions |
(101,338)
|
|
(110,438)
|
| Proceeds from disposals of assets |
45
|
|
|
| Net cash used in investing activities |
(118,987)
|
(17,391)
|
(129,739)
|
| Cash flows from financing activities: |
|
|
|
| Payments of long-term debt |
(203,525)
|
(2,000)
|
(79,500)
|
| Proceeds from issuance of long-term debt |
261,030
|
|
198,000
|
| Payments of financing costs |
(7,178)
|
|
(5,466)
|
| Purchases of treasury stock |
(2,847)
|
(44)
|
(1,025)
|
| Proceeds from exercise of stock options |
981
|
2,192
|
1,691
|
| Proceeds from issuance of common stock under employee stock purchase plan |
36
|
|
|
| Excess tax benefits on stock-based compensation |
1,872
|
3,840
|
6,064
|
| Other |
(30)
|
(29)
|
(10)
|
| Net cash provided by financing activities |
50,339
|
3,959
|
119,754
|
| Net (decrease) increase in cash and cash equivalents |
(22,283)
|
19,024
|
12,265
|
| Cash and cash equivalents at beginning of period |
61,493
|
42,469
|
30,204
|
| Cash and cash equivalents at end of period |
39,210
|
61,493
|
42,469
|
| Supplemental cash flow information: |
|
|
|
| Interest paid |
16,015
|
11,502
|
2,216
|
| Income tax payments, net of refunds |
2,231
|
6,808
|
1,198
|
| Non-cash activity: |
|
|
|
| Contingent consideration reversed out of accrued liabilities |
3,000
|
|
|
| Portion of USI purchase price held-back by PGTI |
85
|
|
|
| Property, plant and equipment additions in accounts payable |
$ 251
|
$ 723
|
$ 489
|