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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 04, 2015
Jun. 28, 2014
Operating activities:    
Net income $ 22,296 $ 75,623
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 28,291 23,605
Amortization of deferred financing costs 3,563 3,917
Share-based compensation expense 4,625 4,427
Deferred tax provision 8,637 19,909
Allowance for doubtful accounts (102) 224
Reserve for inventory obsolescence 5,562 5,132
Foreign currency exchange rate loss 957 1,132
Loss on disposal of assets 1,873 15
Gain on Brazil acquisition 0 (10,540)
Early extinguishment of debt (12,667) 0
Other items, net 0 (183)
Changes in cash due to:    
Receivables 2,999 173
Inventories 8,145 8,436
Prepaid expenses 5,804 4,940
Accounts payable (11,986) (7,824)
Accrued liabilities (43,095) 3,695
Deferred revenue 7,643 13,852
Income taxes (6,251) (1,034)
Cash provided by operating activities 26,294 145,499
Investing activities:    
Capital expenditures (3,820) (4,531)
Capitalized software expenditures (19,352) (10,874)
Cash paid for acquisitions (3,128) (16,678)
Other items, net (383) 111
Cash used in investing activities (26,683) (31,972)
Financing activities:    
Payments on long-term debt (147,613) (12,000)
Payment of dividends (14) (79)
Proceeds from stock options exercised 0 139
Tax benefit of restricted stock units vested and stock options exercised 0 1
Cash used in financing activities (147,627) (11,939)
Effect of exchange rate changes on cash and cash equivalents and other (3,474) 325
Net (decrease) increase in cash and cash equivalents (151,490) 101,913
Cash and cash equivalents, beginning of period 301,212 174,557
Cash and cash equivalents, end of period $ 149,722 $ 276,470