Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Operating activities:    
Net income (loss) $ 622 $ (2,430)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 9,829 5,260
Non-cash exit costs   263
Stock-based compensation 1,632 1,358
Amortization of debt issuance costs and debt original issuance discounts 870 185
Deferred taxes 254 (384)
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable (941) 5,080
Inventory 1,465 789
Other current assets (1,240) (2,837)
Security deposits (164)  
Other assets (84) (408)
Accounts payable (1,925) (1,433)
Accrued expenses 296 4,433
Operating lease liabilities and right-of-use assets (38) 522
Other liabilities (2,036) (20)
Net cash provided by operating activities 8,540 10,378
Investing activities:    
Purchase of property and equipment (14,345) (15,795)
Net cash used in investing activities (14,345) (15,795)
Financing activities:    
Repayments of long-term debt and financing lease liabilities 90 (68)
Tax-withholding obligation on stock-based compensation (129) (124)
Purchase of treasury stock (307)  
Net cash used in financing activities (346) (192)
Effect of exchange rate changes on cash (4) (64)
Net change in cash and cash equivalents and restricted cash and cash equivalents (6,155) (5,673)
Cash and cash equivalents and restricted cash and cash equivalents, beginning of period 28,075 21,047
Cash and cash equivalents and restricted cash and cash equivalents, end of period 21,920 15,374
Supplemental disclosure of cash flow data:    
Interest paid, net of capitalized interest 9,257 26
Income taxes paid 27 61
Accrued purchases of property and equipment $ 12,681 $ 9,506