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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Jan. 01, 2022
Cash flows from operating activities:          
Net income     $ 23,912 $ 51,429  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     40,299 40,529  
Amortization of operating lease right-of-use assets $ 4,313 $ 3,389 8,173 6,547  
Amortization of deferred debt financing costs and bond discount/premium     2,346 2,289  
Deferred income taxes     530 11,370  
Gain on sale of assets     7,113 30  
Share-based compensation expense     2,248 2,125  
Changes in assets and liabilities, net of effects of businesses acquired:          
Trade accounts receivable     (4,081) 11,372  
Inventories     (56,632) (38,653)  
Prepaid expenses and other current assets     (1,977) (5)  
Income tax receivable/payable, net     (12,923) 5,721  
Other assets     (887) (115)  
Trade accounts payable     35,481 (912)  
Accrued expenses     (9,290) (26,343)  
Other liabilities     1,041 641  
Net cash [provided by] operating activities     21,127 65,965  
Cash flows from investing activities:          
Capital expenditures     (13,200) (19,813)  
Proceeds from sales of assets     10,429 126  
Payments for acquisition of businesses, net of cash acquired     (27,290)    
Net cash used in investing activities     (30,061) (19,687)  
Cash flows from financing activities:          
Repayments of borrowings under revolving credit facility     (162,500) (85,000)  
Borrowings under revolving credit facility     185,000 75,000  
Proceeds from issuance of common stock, net     65,202    
Dividends paid     (65,269) (61,277)  
Proceeds from exercise of stock options     60 14,782  
Payments of tax withholding on behalf of employees for net share settlement of share-based compensation     (4,029) (1,708)  
Payments of debt financing costs       (276)  
Net cash provided by (used in) financing activities     18,464 (58,479)  
Effect of exchange rate fluctuations on cash and cash equivalents     (194) 341  
Net increase (decrease) in cash and cash equivalents     9,336 (11,860)  
Cash and cash equivalents at beginning of period     33,690 52,182 $ 52,182
Cash and cash equivalents at end of period 43,026 40,322 43,026 40,322 $ 33,690
Supplemental disclosures of cash flow information:          
Cash interest payments     53,954 51,117  
Cash income tax payments     18,989 1,065  
Non-cash investing and financing transactions:          
Dividends declared and not yet paid $ 34,043 $ 30,792 34,043 30,792  
Accruals related to purchases of property, plant and equipment     876 2,514  
Right-of-use assets obtained in exchange for new operating lease liabilities     $ 2,588 $ 12,637