Quarterly report pursuant to Section 13 or 15(d)

Consolidated and Combined Statements of (Deficit) Equity (Unaudited)

v3.20.2
Consolidated and Combined Statements of (Deficit) Equity (Unaudited) - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Additional Paid-in Capital
Former Parent Investment
Former Parent Investment
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Deficit
Accumulated Other Comprehensive Loss
Balance, beginning (in shares) at Dec. 29, 2018     0          
Balance, beginning at Dec. 29, 2018 $ 1,723,452 $ (2,713) $ 0 $ 0 $ 1,868,634 $ (2,713) $ 0 $ (145,182)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss) income 15,413       15,413      
Foreign currency translation 758             758
Net transfers to former parent (157,928)       (157,928)      
Balance, ending at Mar. 30, 2019 1,578,982   $ 0 0 1,723,406   0 (144,424)
Balance, ending (in shares) at Mar. 30, 2019     0          
Balance, beginning (in shares) at Dec. 29, 2018     0          
Balance, beginning at Dec. 29, 2018 1,723,452 $ (2,713) $ 0 0 1,868,634 $ (2,713) 0 (145,182)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss) income 53,399              
Net transfers to former parent               68,484
Balance, ending at Jun. 29, 2019 $ 82,168   $ 0 134,621 0   21,235 (73,688)
Balance, ending (in shares) at Jun. 29, 2019 56,647,561   56,648,000          
Balance, beginning (in shares) at Mar. 30, 2019     0          
Balance, beginning at Mar. 30, 2019 $ 1,578,982   $ 0 0 1,723,406   0 (144,424)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss) income 37,986       16,751   21,235  
Stock-based compensation, net 1,879     1,879        
Foreign currency translation 4,686             4,686
Defined benefit pension plans (14)             (14)
Derivative financial instruments (2,420)             (2,420)
Net transfers to former parent (1,538,931)       (1,607,415)     68,484
Transfer of former parent investment to additional paid-in capital 0     132,742 (132,742)      
Issuance of Common Stock (in shares)     56,648,000          
Issuance of Common Stock 0              
Balance, ending at Jun. 29, 2019 $ 82,168   $ 0 134,621 $ 0   21,235 (73,688)
Balance, ending (in shares) at Jun. 29, 2019 56,647,561   56,648,000          
Balance, beginning (in shares) at Dec. 28, 2019 56,811,198   56,812,000          
Balance, beginning at Dec. 28, 2019 $ 69,257   $ 0 150,673     (1,718) (79,698)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss) income (2,712)           (2,712)  
Stock-based compensation, net (in shares)     119,000          
Stock-based compensation, net 611     3,293     (2,682)  
Foreign currency translation (27,210)             (27,210)
Defined benefit pension plans 29             29
Derivative financial instruments (26,583)             (26,583)
Dividends on Common Stock ($0.56 per share) (31,877)           (31,877)  
Balance, ending at Mar. 28, 2020 $ (18,485)   $ 0 153,966     (38,989) (133,462)
Balance, ending (in shares) at Mar. 28, 2020     56,931,000          
Balance, beginning (in shares) at Dec. 28, 2019 56,811,198   56,812,000          
Balance, beginning at Dec. 28, 2019 $ 69,257   $ 0 150,673     (1,718) (79,698)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss) income (35,974)              
Balance, ending at Jun. 27, 2020 $ (44,889)   $ 0 158,660     (72,251) (131,298)
Balance, ending (in shares) at Jun. 27, 2020 56,930,737   56,931,000          
Balance, beginning (in shares) at Mar. 28, 2020     56,931,000          
Balance, beginning at Mar. 28, 2020 $ (18,485)   $ 0 153,966     (38,989) (133,462)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss) income (33,262)           (33,262)  
Stock-based compensation, net 4,694     4,694        
Foreign currency translation 3,199             3,199
Defined benefit pension plans (17)             (17)
Derivative financial instruments (1,018)             (1,018)
Balance, ending at Jun. 27, 2020 $ (44,889)   $ 0 $ 158,660     $ (72,251) $ (131,298)
Balance, ending (in shares) at Jun. 27, 2020 56,930,737   56,931,000