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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2022
Apr. 02, 2021
Cash flows from operating activities:    
Net income $ 14,019 $ 16,767
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, and amortization 13,179 8,599
Amortization of deferred financing costs in interest expense 511 182
Stock-based compensation expense (non-cash) 1,699 1,473
Deferred income tax (benefit) expense 401 382
Changes in assets and liabilities:    
Accounts receivable (15,045) (15,697)
Inventory (28,129) (23,219)
Prepaid and other current assets (5) (2,107)
Accounts payable and accrued expenses (4,177) 19,224
Unearned revenue (343) 932
Interest and taxes payable 1,874 3,164
Unearned income due to customer prepayments 0 5,890
Other-net 1,712 (140)
Net cash (used in) provided by operating activities (14,304) 15,450
Cash flows from investing activities:    
Payments for purchase of property, plant, and equipment (18,977) (31,250)
Proceeds from sale of property, plant, and equipment 11 575
Net cash used in investing activities (18,966) (30,675)
Cash flows from financing activities:    
Proceeds from borrowings under revolving credit agreement, net 49,067 14,955
Repayment of long-term debt (3,839) (377)
Principal payments under finance lease obligations (686) (675)
Cash dividends paid (2,520) (2,338)
Payments of withholding taxes for stock-based compensation awards (2,717) (2,838)
Net cash provided by financing activities 39,305 8,727
Effects of exchange rate changes (260) (446)
Net change in cash and cash equivalents 5,775 (6,944)
Cash and cash equivalents at beginning of period 14,462 25,878
Cash and cash equivalents at end of period $ 20,237 $ 18,934